Here's what we have for the week.

CORPORATE EVENTS

1. Taliwork Corp Bhd had ventured into the solar business by acquiring 4 companies for RM 144.05 million.

2. Sime Darby Bhd dispose of the entire interest in 3 companies operating 3 river ports in China for RMB 293.9 million.

3. AME Elite is looking to establish a REIT and inject its industrial properties into the vehicle.

4. 51% stake in Natra Bintan Hotel, a company owned by Landmark Bhd had cross-hand for RM 42.24 million as the operator is looking to raise cash for working capital.

5. Gamuda Bhd recently raise RM 630 million by issuing senior notes, which will be backed by receivables due from SPLASH.

PROPERTY NEWS

1. Sarawak Oil Palm acquired a piece of land in Miri for RM 11.5 million for the purpose of constructing a new corporate office.

2. Chin Hin Property Group acquired a piece of land spanning 3.41 acres in Bandar Kinrara from SP Setia Bhd.

INDUSTRY NEWS

1. Gold prices have fallen substantially this week as investors turn to a risk-off mood. However, we believe this is a great opportunity to take a long position in gold. We remain bullish on the gold price as it is a great tool to hedge against inflation. Institutional investors share the same thought too.

2. 3 weeks ago, we share our view that the market is being too bullish on growth theme and the valuation of value stock is too cheap to ignore. It proves us right.

3. EU, China, and India are the 3 main exporting destinations for Malaysia palm oil. It is interesting to see how the volume of palm oil export has changed over the months.

4. Oil has returned to its March 2020 high. If you track this chart weekly, you will start noticing oil prices as open interest in oil started to pick up in July 2020.

Weekly Newsletter - 7 Dec 2020

Here's what we have for the week.

Related Articles

Newsletter 20241229

Newsletter 20241215

Newsletter 20241208