PAUL BIN ANTHONY
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(Kuala Lumpur, 23rd) Malaysia Airports $AIRPORT (5014.MY)$ is under scrutiny whether it can reach the full privatization threshold on January 8, 2025, and the start of delisting procedures is being closely watched, with analysts expressing confidence that the privatization process can be completed smoothly.
According to independent advisor RHB Investment Bank's response on December 20, although they recommend that small shareholders accept the offer, they also point out that Malaysia Airports' valuation can reach RM 13.71 per share, and the RM 11 acquisition offer is "unfair"!
Fong Long Investment Bank divides Malaysia Airports' business mainly into airport operations and non-airport operations (including hotel management, agriculture, and horticulture, etc., non-core businesses), and has independently valued these two businesses. The valuation should be in the range of RM 12.61 to RM 13.71 per share.
Lian Chang International Investment Bank analysts agree with Fong Long Investment Bank's proposal but disagree with the bank's valuation method because the bank includes the land outside the airport terminal area in their calculation.
"Under normal development conditions, due to the lack of substantial capital investment for value-added development, the land value of Kuala Lumpur International Airport Aviation City (KLIA Aeropolis) has never been reflected in the stock price."
Given this, analysts believe that reflecting the land value of the Kuala Lumpur International Airport Aviation City in the valuation price under current circumstances is evidently unreasonable.
Additionally, analysts also pointed out that Fenglong Investment Bank did not appoint the Malaysian Aviation Commission (MAVCOM)...
According to independent advisor RHB Investment Bank's response on December 20, although they recommend that small shareholders accept the offer, they also point out that Malaysia Airports' valuation can reach RM 13.71 per share, and the RM 11 acquisition offer is "unfair"!
Fong Long Investment Bank divides Malaysia Airports' business mainly into airport operations and non-airport operations (including hotel management, agriculture, and horticulture, etc., non-core businesses), and has independently valued these two businesses. The valuation should be in the range of RM 12.61 to RM 13.71 per share.
Lian Chang International Investment Bank analysts agree with Fong Long Investment Bank's proposal but disagree with the bank's valuation method because the bank includes the land outside the airport terminal area in their calculation.
"Under normal development conditions, due to the lack of substantial capital investment for value-added development, the land value of Kuala Lumpur International Airport Aviation City (KLIA Aeropolis) has never been reflected in the stock price."
Given this, analysts believe that reflecting the land value of the Kuala Lumpur International Airport Aviation City in the valuation price under current circumstances is evidently unreasonable.
Additionally, analysts also pointed out that Fenglong Investment Bank did not appoint the Malaysian Aviation Commission (MAVCOM)...
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PAUL BIN ANTHONY
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$Nasdaq Composite Index (.IXIC.US)$
It seems that both Nasdaq/SP500 had the highest bullish candlestick volume of the year yesterday. If concerns about the US government shutdown are resolved, the year-end and New Year rally will begin.🔔🎍
It seems that both Nasdaq/SP500 had the highest bullish candlestick volume of the year yesterday. If concerns about the US government shutdown are resolved, the year-end and New Year rally will begin.🔔🎍
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PAUL BIN ANTHONY
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As the year comes to a close, it’s time to reflect on the lessons learned, celebrate successes, and set new goals for the year ahead. This year, my investment journey has been shaped by many insights from my wins & losses, and I want to incorporate Warren Buffett’s timeless advice as a guiding framework for 2025. Here are some key takeaways and how they’ll influence my approach moving forward:
Join Our Year-End Fireside Chat: Mooers Assemble!...
Join Our Year-End Fireside Chat: Mooers Assemble!...
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2024 has been an extraordinary year, filled with milestones that I can only describe as rewarding. From hitting personal investment highs to building meaningful connections, here’s a look at the moments that truly made the journey special:
Rewarding Portfolio
The most rewarding highlight of my investment journey this year was achieving a YTD return of 87%. As someone who typically prefers caution and doesn’t like to jinx or overly cel...
Rewarding Portfolio
The most rewarding highlight of my investment journey this year was achieving a YTD return of 87%. As someone who typically prefers caution and doesn’t like to jinx or overly cel...
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