Beginning in April, freight rates for European and American routes began to rise, and China's transportation sector began to move somewhat. In May, Taiwan Container Sanxiong's stock price can rise 30-50% in a single month, and the rise in freight charges continues to rise.
The above chart shows the outlook of Evergreen and Wanhai Shipping management. The shortage of capacity in May was more delayed than in April. Moreover, the increase in demand for European and American routes has also driven Asian routes. This era of navigation has also burnt into Asia, including of course Malaysia 🇲🇾.
Among Malaysia's shipping businesses, HARBOUR and SYGROUP both broke through 1-year highs on May 27. Furthermore, the stock prices of FM and TASCO, two transportation-related stocks also broke through 1-year highs last week.
On May 28, HARBOUR results were released. The turnover grew by 17.4% year on year. Although net profit fell by 34.9% year over year, it was mainly due to the year-on-year decline in freight rates, but volume increased. However, the company's net profit QOQ grew by 39%, and the next quarter is expected to be even better.
The business of all divisions of the company is very positive, and the company will spend RM100 mil to buy two shipping container ships in May and June to replace the old ships. What is most rare is that when it comes to the end of the company's outlook, it is rare to be so optimistic when it comes to striving for a better tomorrow.
The company's cash reached a record high, so RM100 mil CAPEX was completely unburdened to buy a ship.
$HARBOUR(2062.MY)$
...

#感恩马股的回馈
#在对的时候还呆在股市
Over the past week, I've spent a lot of time reading the financial reports of different companies, and I'm also compiling some data on Malaysian stocks. After a busy few weeks, the 24Q1 quarterly summary has finally come to an end, so you can slow down 👣 adjustments.
In the past, one month was rarely summed up, but May, when the 2024 Ninth National Games began, was really a month that needed to be recorded. Because this May was really crazy, it also gave some rewards to the shareholders who had been waiting for a long time in Malaysian stocks. Over the past 5 months, the index has experienced 4 significant pullbacks.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$
The first was the limit down storm in January. After the pullback, the index sprinted close to 80 points from the bottom. Due to the increase quite a bit, the February earnings season began to be liquidated, but there was not much of a pullback.
The third pullback was the conflict between Israel and Iran in April. At that time, the index pulled back less than 2%, but many small and medium stocks pulled back by 10-20%. After the bottom was formed on April 16, the index rose close to 100 points over a month later, breaking through a 3-year high.
This wave of rising tide covered blue-chip stocks to small and medium-sized stocks, and Malaysian stocks ushered in an all-round rise 📈. Despite the correction that has been in the past week or so, all 13 major sectors in Malaysia have risen, and there has been no decline. This is a scene I haven't seen in the past 10 years, and it also keeps me stuck in Malaysian stocks...

A RM199 mil contract was obtained on May 27, good performance was achieved on the 28th, and an RM111.98 mil contract was issued on June 4. Five contracts with a total value of RM1,054 mil were obtained within two months from April 8 to June 4, which was simply open.
With the current contract, it will really be busy until the end of 2026. The company has an excellent operating record since its listing, and is expected to continue to grow steadily in the next few years.
$INTA(0192.MY)$

On May 27, INTA announced that it had obtained the fourth construction contract of the year, obtained RM199mil from SimeProp, and received an RM942.1 mil contract in the past two months.
$INTA(0192.MY)$
The 24Q1 results were announced on May 28. Profits have been growing for 5 consecutive quarters in QOQ. The RM7.052mil contract is also the second-highest in history, and the performance is outstanding.
The most important thing for construction companies is to have enough construction contracts. Fewer construction contracts mean that future turnover will decline. INTA had fewer contracts in 2023, so it fell to a 4-year low. Although the 2023 results were excellent, the stock price did not improve without many new contracts.
Until the company frequently obtained contracts this year, the company's value finally blossomed, and the stock price showed strong performance this year. By the end of March, the company had a contract of RM1,766 mils, which is enough for INTA to keep busy until 2026. TA Securities Bank's target price is 62 points, and RHB-OSK also selected this company as the TOP 20 Small Cap 💎, which is expected to grow in value in the future.

MASTER delivered excellent Q1 results. Although the turnover grew by only 3%, net profit increased by 45.1%. Mainly because the increase in cash drives interest income and margin increases, I believe margin will continue to improve throughout 2024.
$MASTER(7029.MY)$
In 2020Q3, due to the impact of the pandemic, the company's 12-month TTM Net Profit fell to 10.4 mil. Over the next 14 quarters, MASTER achieved 12 quarters of growth and 2 quarters of decline. Recently, YOY has been growing for 7 consecutive quarters.
The opening of the Vietnam 🇻🇳 market in 2018 led to an increase in the company's turnover and continued progress in profits. Turnover growth has slowed in recent years, but profits have been growing by double digits for 4 consecutive years.
Due to limited information in the annual report and quarterly report, the author speculates that Master is continuously introducing novel machines to increase margin and do a good job of controlling costs. The continuous increase in cash brings more interest income, so margin has increased.
The main growth in 2023 comes from the solar energy sector, while the rest of the sectors experienced varying degrees of decline. Entering Q1 2024, solar energy is still the biggest contributor, and the electronics sector also grew by RM0.7 mile in QOQ. In the outlook, management mentioned that E&E electronic products are expected to recover, so they can continue to grow in 2024.

#指数要上涨离不开银行股
In the past, when the index soared, Bank 🐯 and Public Bank 🏦 took the lead. Unfortunately, PBBANK's profit YOY has declined for two consecutive quarters. YOY fell 3.5% in the latest quarter, causing the stock price to drop 2.6% this year (10 percent dividend was paid in March).
Therefore, in this round of MAYBANK and CIMB, the two bank stocks with the largest assets stormed the index. With TENAGA and Yang Jia Shuangxiong, more than two-thirds of the increase in the index this year came from these five companies.
$TENAGA(5347.MY)$ $YTL(4677.MY)$ $YTLPOWR(6742.MY)$
For the index to rise, the banking sector must perform well, because the banking sector accounts for 41% of the index. Yesterday, MAYBANK handed over its 2024Q1 results, growing 9.8% year on year. Turnover and profit are all record highs. Coincidentally, last quarter's PAT was RM2,388 mil, and this quarter RM2,488 mil. I also congratulate you 🎊 Malaysian Stock 888!
$MAYBANK(1155.MY)$
The total share of MAYBANK and CIMB indices is 23%. As long as these two companies stabilize and slowly rise, they can at least maintain the lower limit of the index. The remaining few bank stocks are assumed to be able to hand over single-digit% growth without lagging behind, and the market will basically stabilize.
$CIMB(1023.MY)$
Assuming the rest of industry, healthcare, consumption, and electricity...

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