Saham: KLSE-MASTER - PT. Master-pack Group Berhad

ummmm $PA / 7225 (P.A. RESOURCES BERHAD) also need see see need taiko earning
https://cutt.ly/xeFPyEze
+ $KLSE-L&PBHD
+ $MASTER / 7029 (MASTER-PACK GROUP BERHAD)

Sold $MASTER / 7029 (MASTER-PACK GROUP BERHAD) and $SURIA / 6521 (SURIA CAPITAL HOLDINGS BERHAD) for after nice 3 years of dividends, and gains
still holding $UOAREIT / 5110 (UOA REAL ESTATE INVESTMENT TRUST)

$MASTER / 7029 (MASTER-PACK GROUP BERHAD) has about RM83.4mil of net cash and its P/E is trading at 7.86x only. The most important is its double digits ROE, interesting.

Quarterly rpt on consolidated results for the financial period ended 31/03/2024 [MASTER]

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

First Solar's Malaysian Suppliers

Shares of solar manufacturer First Solar surged on Wednesday, reaching their highest level in over a decade, amid a broad rally in solar stocks. U.S.-based solar companies are benefiting from optimism surrounding new tariffs on Chinese solar cell imports. Additionally, First Solar stock received a boost from a bullish report identifying the company as a potential AI winner, leading to an 18.7% gain.

Did you know there are three listed companies on Bursa that are the suppliers of First Solar? Could they benefit from this surge?

📌 $PA / 7225 (P.A. RESOURCES BERHAD)

PA is an aluminum extruder that produces semi-finished aluminum products, including aluminum billets. The company operates across three segments: upstream (in-house recycling and billet manufacturing), midstream (extrusion of aluminum profiles and products), and downstream (various finishing processes). In January 2024, P.A. Resources secured an extension of its supply agreement with First Solar, Inc., First Solar Malaysia Sdn Bhd, and First Solar Vietnam Manufacturing Co. Ltd to provide materials for photovoltaic module production.

📌 $GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD)

GREATEC is an automation solutions provider specializing in factory automation. The company manufactures equipment for automating production processes, including single automated equipment and complete production line systems. Their products are used in the manufacturing of solar modules, semiconductors, and consumer electronics. First Solar is GREATEC's largest customer, for whom they supply photovoltaics and thin-film module technology for the solar industry.

📌 $MASTER / 7029 (MASTER-PACK GROUP BERHAD)

MASTER is an investment holding company engaged in the manufacture and sale of corrugated fiberboard cartons and packaging materials. The company’s core activities include producing various types of packaging materials, such as sheet board, slotted cartons, and palletized shipping containers. First Solar is MASTER's largest customer, contributing 46.1% of the company's FY23 revenue.

Additionally, $KOBAY / 6971 (KOBAY TECHNOLOGY BERHAD) is known as one of the supplier of First Solar, although this has not been confirmed.

General Meetings: Outcome of Meeting [MASTER]

General Meetings: Outcome of Meeting

$K1 / 0111 (K-ONE TECHNOLOGY BERHAD) manufacture syringe if my memory serves me right

$MASTER / 7029 (MASTER-PACK GROUP BERHAD) US solar panel manufacturer would benefit from this I suppose, hence its packaging supplier

Annual Report & CG Report - 2023 [MASTER]

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting [MASTER]

General Meetings: Notice of Meeting

@wsoh $MASTER / 7029 (MASTER-PACK GROUP BERHAD) cheaper ? 🤔🤔

It's that time of the year, where Suruhanjaya Tenaga calls for another round of LSS tenders. LSS5, dubbed LSS Petra, has 2000 MWac to be awarded out this time around, a huge number compared to LSS4 with around 850 MWac. Solar players should be busy preparing to submit their proposals, which has a deadline of 25/7/2024.

Needless to say, I will not be participating.😂

But economically, it will be of interest to many listed companies in Bursa. So, let's just quickly go through some of the key points from the announcement.

1. LSS5 will have capacity of 2000MWac split into 4 packages. Package 1-3 are the typical rooftop or on ground solar farm that we are familiar with, while Package 4 will be floating solar.
2. The LSS farms will be expected to be operational by 2026.
3. Package 1 of 250MW will be opened only to 100% Bumiputra companies, mainly targeted to SMEs. Each farm will be between 1 to 10 MW.
4. Package 2 is 250MW, for companies with at least 51% Bumiputra equity holdings, and must be 100% local owned. Each farm will be between 10-30 MW.
5. Package 3 and 4 are 1000MW and 500MW respectively, for Malaysian companies with at least 51% local equity holdings or a consortium with at least 51% local shareholders. Each farm is between 30 MW and 50MW.

Basically, of interest to investors of Bursa Malaysia would be mainly focused on Packages 2 and 3. To my understanding, floating solar is needlessly complicated and expensive so I would think it's not that feasible and will probably be not that profitable.

Frontrunners could be previous LSS4 winners; $SLVEST / 0215 (SOLARVEST HOLDINGS BERHAD) $TENAGA / 5347 (TENAGA NASIONAL BHD), MKLAND and so on.
Other potential bidders could be the solar players like $MFCB / 3069 (MEGA FIRST CORPORATION BERHAD) samaiden sunview advpkg ock pekat etc etc
I think most people would already be anticipating that and it's quite a "no brainer" that these types of companies will be the direct beneficiary if there's more activity in the solar energy space.

Lesser known beneficiaries, and the angle that I would personally be more keen to look at, are the supply chain players. The typical adage, would be to sell shovels during a gold rush, rather than mining gold yourself.

These supply chain players could be the likes of...
cable makers: scgbhd, (and now KUB as well)
aluminium frames: PA
solar packaging: $MASTER / 7029 (MASTER-PACK GROUP BERHAD), L&PBHD, and so on,
silicon for solar: OMH and PMBTECH
Land owners of northern states like BDB

and others...
While we may not know which company will win the LSS5 bids, we know for sure they need to buy their materials from somewhere...

Of course, as usual and again, to what extent each player will benefit will need to be determined by further due diligence.

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MASTER - Notice of Book Closure [MASTER]

MASTER - Notice of Book Closure

Interim Dividend [MASTER]

Interim Dividend

OTHERS [MASTER]

OTHERSMaster-Pack Group Berhad ("MASTER" or "the Company")
Reason for Variation On The Rate of Interim Dividend Declared Compared to Corresponding Period in Previous Financial Year

OTHERS [MASTER]

OTHERSMASTER-PACK GROUP BERHAD ("MASTER" OR "THE COMPANY")
REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

OTHERS [MASTER]

OTHERSMASTER-PACK GROUP BERHAD ("MASTER" OR "THE COMPANY")
REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

Quarterly rpt on consolidated results for the financial period ended 31/12/2023 [MASTER]

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - YAYASAN BUMIPUTRA PULAU PINANG BHD [MASTER]