How long do company AGMs usually last?

What are your views on a company issuing new shares to pay off debt? I'm specifically talking about Axis Reit but feel free to discuss in a more general sense.

Later Fitch also kena sue.

the thing is even though the sharebase gets diluted, because they're using it to pay off debt, the equity will also go up.

They're using it to pay off principal. They're reasoning is quite interesting, they're gearing is actually quite low (I think 37% ish) so they want to pay off the debt to allow further room for borrowing in the future to expand their portfolio. Yet this just sounds weird to me. Why not just borrow more with the extra room they have or directly use the stock capital for expansion? Why use such a roundabout way? Agree that industrial REITs weren't affected. Their cash flow for reference:


Seems quite ok so I'm really not sure what's going on.



This post has been edited by jojojoget: Nov 16 2021, 03:22 PM

Anyone know how to claim Petgas AGM door gift for the recently concluded AGM?

0.1% brokerage fee with no minimum fee for normal customers.

This post has been edited by jojojoget: Sep 2 2022, 11:28 AM

The Board of Directors have declared a single-tier first interim dividend in respect of the financial year ending 31
December 2022 of 28.0 sen (30 June 2021: 28.0 sen) per ordinary share.

The Board of Directors have also determined that the Dividend Reinvestment Plan will apply to the single-tier first interim
dividend in which an electable portion of 7.0 sen per ordinary share can be elected to be reinvested in new ordinary shares
and the remaining portion of 21.0 sen per ordinary share will be paid in cash.

Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the interim
dividend will be paid no later than three (3) months from the date of declaration.

The Book Closure Date will be announced by the Bank at a later date.

Dividend usually won't have transaction fee. In Malaysia it's dividend-withholding tax.

I thought coming out tomorrow?

0.22 sen x 100 = 22 sen = RM 0.22

you want more capital growth or more dividend yield

rarely can get lah, growth orientated will give less div and div orientated will grow less. Tbh both banks are too big to grow much more, pbb is more efficient in terms of its operations, mbb is very big with wider coverage. Pick your poison.

Maybe because of the founder's death but tbh, the company's fundamentals are still intact. It could just be market fluctuations.



for the past one year looks like mbb and pbb are pretty much in tandem, cimb seems the odd one out

and the below is HLeBroking views on the 3 banks:





This post has been edited by jojojoget: Mar 12 2023, 11:35 AM

Some companies post it on their bursa announcement, top glove is an example. Otherwise u can look at past year release dates to get a rough estimate.

With intensified deposit competition and higher cost of funds, the Bank anticipates that net interest
margin (NIM) will potentially remain flat or contract (page 33 of IAR2022). What is the management
guidance for NIM in FY2023? As the central bank is expected to raise OPR back to the pre-pandemic
level, how significantly can the potential rate hike cushion the impact of high funding costs on NIM?
We anticipate potential NIM compression of between 5 bps and 8 bps for FY2023 given the increased
deposit competition, seen mainly in Malaysia. In a rising interest rate cycle, cost of funding will
increase in tandem with the rate hike and in some instances, it will exceed the rate hike given
intensified deposit competition among banks as experienced currently in Malaysia. Meanwhile, the
ability to reprice assets upward is limited and confined to the quantum of the rate hike. Thus, the
basis for our guidance of NIM compression in 2023.

From Maybank AGM, question by MSWG

Anyone know what is the door gift for PetGas AGM?

A base rate of 1% of the NAV per share, plus 8% of the difference between ICAP’s share price and NAV. Fairly, self explanatory I think? 1% of the NAV plus 8% of the difference between price and NAV, assuming the price is less than the NAV. Goal is to push the price up. Although as it's a fund, any dividend will just cause a corresponding drop in price, so I'm not sure how it's gonna work.

You can declare but tax is already paid on REIT dividends before it reaches your hand.