16 December 2021

(Don't angry Maybank lah) All of these banks will be charging Interbank Withdrawal Fee also starting February 2022

Yesterday, I saw that many people are leaving their angry comments towards the Maybank posting stating that the bank will be imposing resume charging RM1 interbank withdrawal fee starting February 2022. What the heck?

Cool down, brader. 🆒🆒🆒

Read here with patience. Relax. Fyi, all Automated Teller Machines (ATM) are connected to the Malaysian Electronic Payment System (MEPS) network.

What does this interbank withdrawal fee mean?

15 December 2021

Ranhill Utilities Berhad – Recharge and Ready to Power On?

Among all the utility companies in Malaysia, many people would only remember the giant Tenaga Nasional Bhd. Other than Tenaga, there are plenty of good local utility companies and one of them is Ranhill Utilities Berhad (Ranhill), which is a conglomerate with an interest in the environment and power sectors.

A little bit of background

In the environment sector, Ranhill provides water supply services, operates water and wastewater treatment plants, and provides technical services in the management and optimisation of water utility assets. In the power sector, Ranhill develops, owns and operates 2 power plants in Sabah.

Environment Division provides water supply in the Johor State, and operates water, wastewater and reclaimed water treatment plants in Johor, Thailand and China. The Division also provides technical services in the management and optimization of water utility assets as well as Non-Revenue Water Management.

Energy Division, which provides a solid recurring revenue business, consists of the development, ownership, operation and maintenance of 2 Combined Cycle Gas Turbine power plants, which have a total electricity production capacity of 380 Megawatts.

New Growth Strategies...

13 December 2021

Step-by-step Guide to Settle your Traffic Summons easily via Maybank ATM !!!

In conjunction with the 100-Day Aspirasi Keluarage Malaysia programme which was being launched by Prime Minister Datuk Seri Ismail Sabri Yaakob at Kuala Lumpur Convention Centre (KLCC), police will be offering an 80% discount for traffic summons from Dec 9 till Dec 12, Dec 15, Dec 31

All payments can be made at the PDRM counter in KLCC, traffic summons payment counters of district police headquarters and contingent police headquarters, as well as the MyBayar portal and app throughout the period.

However, since day one:
  • PDRM counters are fully crowded
  • MyBayar portal is down
  • MyBayar app is down
(That's why the police keep on extending the deadline to cater for the overwhelming response from traffic offenders)

Other than the above methods, you can actually settle your traffic summons easily via Maybank ATM and Pos Office nationwide. Good wor. How is it?

Step-by-step guide:

10 December 2021

Top Glove's 1QFY22 Profit Slumps 92% yoy!!! What's the Outlook?

Top Glove today announced its financial results for the First Quarter ended 30 November 2021 (1QFY2022), navigating a challenging landscape to commence its new financial year 2022 with positive expectations.

Sales Volume (Quantity Sold) was flattish as it transitions closer to pre COVID levels, compared with the previous financial quarter. The Group’s net cash position as at 30 November 2021 stood at RM1.06 billion.

The softer performance was mainly attributed to:
  1. Normalizing average selling prices (ASPs) and glove demand following mass vaccine rollout on a global scale,
  2. Customers remained cautious on replenishing orders,
  3. Raw material costs reduced at a much slower pace in comparison to glove ASPs
Wow. Looks so bleak ah.
Can give us some positive insights?

09 December 2021

7 Companies (including MR DIY) will be added into FTSE4GOOD Bursa Malaysia Index

Bursa Malaysia today announced several changes to the constituents of the FTSE4Good Bursa Malaysia (“F4GBM”) Index and FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index, in summary:
  • 7 new inclusions and 3 deletions from the FTSE4Good Bursa Malaysia Index
  • 7 new inclusions and 4 deletions from the FTSE4Good Bursa Malaysia Shariah Index

What are F4GBM and F4GBMS ???

04 December 2021

Phillip Futures to take over Stockbroking Business of Alliance Investment Bank in Malaysia

PhillipCapital Group had on 2 December 2021 announced that its derivatives broking arm in Malaysia, Phillip Futures Sdn Bhd (“Phillip Futures”) has entered into a business sale & purchase agreement with Alliance Investment Bank Berhad (“Alliance Investment Bank”) for the purchase of Alliance Investment Bank’s stockbroking business.

This corporate exercise has received conditional approval from the Bank Negara and Securities Commission. Mr Lam Choon Jin, Executive Director of Phillip Futures share that “this exercise will allow Phillip Futures to expand its Futures, Options and Contract for Difference (“CFDs”) broking services to include Stocks and Exchange Traded Funds to the Malaysian investors.”

Under the corporate exercise... 👀

02 December 2021

Who will be replacing Hap Seng Consolidated to be included in the KLCI index?

In a statement today (2 Dec 2021), FTSE Russell and Bursa Malaysia Berhad (“Bursa Malaysia”) today announced that there will be one change to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series. The index series is reviewed semi-annually in accordance with the index ground rules.

  • One change to the constituents of the FTSE Bursa Malaysia KLCI
  • Seven constituent changes to FTSE Bursa Malaysia Mid 70 Index
  • Three constituent changes to FTSE Bursa Malaysia Hijrah Shariah Index
Who are they?
Continue to read below...