David Chuah
M&A analyst; breaks down deal structures, capital markets news, debt/working capital moves, and valuation angles.
Good Friday: The Cross Built Our Direct Bridge to God
My friend asked what is Good Friday? A friend explained: “We cannot ownself save ownself. God paid the price already → barrier drop la. The Cross is not a defeat. It’s the link direct to God.” He said, “The barrier of sin is torn down. Because the curtain in the temple was ripped from top to bottom, every person now has direct access to the Father. We do not look at the Cross as a defeat. It’s the moment the bridge was built.” (Good Friday commemorates the crucifixion of Jesus Christ.)
Middle East War Will Raise Your Milk Price
The milk in your fridge this week may cost more next month. Not because of the dairy farm. Because of a war in the Middle East that nobody told you would reach this far.
RM3.2B Fuel Subsidy: Who Ultimately Pays?
RON95 is still RM1.99. The government spent RM3.2 billion in under a week to keep it there. Who do you think pays for that eventually — consumers or businesses? Drop your answer below
Fuel Subsidies Are a Ticking Clock, Not Protection
RM4 billion in subsidies sounds like protection. It is actually a countdown clock. Malaysia has spent more defending fuel prices in one month than most emergency budgets allocate for an entire quarter — and the conflict that triggered it has no...
Malaysia's EV Hub Dream Stalled by High Price Cap
Malaysia Wants to Be an EV Hub. But the Rules Say EVs Assembled Here Cannot Be Sold Here Below RM100,000.
RM4 Billion Monthly Energy Bill Confirms Government's Warning
The Government Just Told You the Energy Situation Is Serious. The RM4 Billion Monthly Bill Is the Proof.
Banks Fail to Shield Your Money From Digital Scams
Your money is not safe. You are left completely exposed to digital financial crimes and e-banking scams. The latest BNM 2025 report proves that financial institutions are failing to properly protect you. Wake up before your hard-earned life savings vanish forever.
Regulator’s “No Worries” Hides Looming Tariff Hikes
When a regulator tells you not to worry, read the footnote. The Energy Commission confirmed higher electricity tariffs are coming, and in the same breath, noted that more than 8 out of 10 household users will not be affected — for...
Malaysia’s Petrol Price Stability Ends, Household Costs Rise
For decades, the price at the Malaysian petrol pump has been a rare constant in an ever-changing global economy. But the familiar green nozzle is about to represent a significant shift in the household ledger.
Three Hidden Deal Factors Could Derail Sunway Before Deadline
Everyone is watching whether Sunway extends the April 6 closing date. That is the wrong thing to watch. There are three things sitting quietly in this deal that nobody is talking about — and one of them could end the entire conversation...
Government Funds Reject Sunway Bid, Deal Unlikely
EPF’s abstention was a signal. Formal rejection is a verdict. The investment committee has turned down Sunway’s RM3.15 offer. Says the offer does not reflect IJM’s intrinsic value. EPF holding 20.52%, PNB at 13.3% already rejecting, together with other government-linked funds owning...
KLIA Highway Stalled by Missing RM500M, Public Pays Twice
The highway to KLIA is 83% done and has been sitting that way because RM500 million meant for construction never made it to the right accounts. Fourteen investors are now in court chasing RM1.38 billion — and the road still needs...
EPF Abstains, Handing RM11b Deal to Minority Shareholders
The single largest shareholder in IJM just refused to vote on a RM3.15 per share takeover bid worth RM11b in total. That silence is not neutral — it is doing something specific. (Abstentions in public M&A rarely mean “no opinion.”) EPF, IJM’s...
Sunway's 387% Surge Beats IJM's 9% Loss
Sunway is showing IJM how to actually make money. A 387% return vs a 9% loss? This isn't just a merger; it's a rescue mission for your portfolio. Let’s break this down: 1. Sunway's 387% dominance. 2. IJM's wealth destruction. 3. The national champion play. 🧵👇🏼
Fuel Quotas Cut 33%: RON95 Squeeze Hits Malaysia
April 1st is judgment day for your fuel tank. The government just slashed Budi 95 quotas by 33% and put diesel on a leash. Are you ready for the RM1.99 squeeze? TLDR List: 1. RON95 quota slashed. 2. Gig workers protected. 3. Diesel limits enforced. 4....
Growth Hype Is Liability Without Proven Unit Economics
Banks, not approved. Investors, hmmm, still thinking. Many SME business owner face that. Are you doing it wrong? Or did you missed some steps? I’m starting a 10-lesson micro-lessons to make SMEs be capital ready. (Save this bit for later.) Lesson 1: Kill the...
Sunway's 99.27% Win Clears Path for RM11B Deal
Sunway just crushed the IJM vote with a massive 99.27% win and the MACC finally got off their back. Is this RM11 billion deal unstoppable now? (Save this for later) 1. Shareholders aren't blinking. 2. The MACC drama is over. 3. Take it...
Corporate Mafia Hijacks NexG, Recovery Restores Control
Deep-dive into PMX’s Proxy War 1. The Setup: Victor Chin joins NexG help diversify company that secures billions in govt contracts. 2. The Attack: Oct 2025, "Corporate Mafia" group raids NexG to hijack control. 3. The Tactic: "AMLA Code of Takeover" to freeze...
From RM1.30 Sushi to RM235M Empire IPO
You ate their RM1.30 sushi while they built a RM235M empire and now they want your money. Launch IPO Prospectus today, March 25, 2026. (Save this for later) The Summary List 1. The retail onslaught of Empire Premium. 2. Building a fortune on cheap localized...
Malaysia's CRESS Shifts Excess Energy to Contract Model
Do you know there are changes to Malaysia’s RE schemes? Effective late 2025–2026 ⇒ On 29 Dec 2025, the Energy Commission revised the Corporate Renewable Energy Supply Scheme (CRESS) Guidelines, shifting excess‑energy treatment from “free to grid” to being contract‑based under...
U Mobile Deal: Strategic Win or Debt Risk?
U Mobile Ownership Shift: A Strategic Masterstroke or a Debt-Fueled Gamble? Some asked: Local Triumph or Sovereign Risk? Corporate finance perspective, let me explain the A, B, & C: A. Positives B. Negatives C. Neutral ↓↓↓
SUNMED IPO Soars 17% Above Price, Expansion Funded
Sunway Healthcare Holdings Bhd (SUNMED, 5555) debuted strongly on Bursa Malaysia Main Market today. Opening price hit RM1.70 → 17% above IPO price of RM1.45. Price climbed fast to RM1.80–RM2.00 range in morning trade → market cap exceeded RM20 billion. Retail offering...
IJM Rejects Takeover; Pharmaniaga Escapes Risk
IJM says no to a massive takeover offer, a corporate mafia victim speaks out, and Pharmaniaga finally escapes the danger zone. Are you paying attention to these market moves? Major Updates, March 17, 2026: 1. IJM Corp shuts down Sunway's bid. 2. Victor Chin's...
ESG Compliance Now Unlocks Affordable Financing for Malaysian SMEs
Malaysia SME manufacturers are facing a new reality where ESG compliance is the gatekeeper to affordable debt. Dear Algo, please bring me content on preparing for i-ESG Framework Phase 1 and the transition to Industry 4.0 automation. I want to see...
Economy’s Chaos Is Draining Your Bank Account
Your bank account is a war zone and you're losing the fight. What’s going on? 1. Fertilizer supply chains are dead. 2. Your dream home just got more expensive. 3. Global shipping is a total mess. 4. Oil prices are nuking the economy. 5. Inflation is...
Four Catalysts Shake Malaysian Markets: Pensions, Auto Price War
Malaysian markets are waking up to four massive catalysts today, March 12, 2026. From a highly anticipated pension fund payout to a brutal foreign price war eating into domestic auto profits, the landscape is shifting rapidly. Here is what institutional watchers are...
Stress‑test Margins for Hidden Energy, Rate, Regulatory Shocks
Have you asked yourself this? “How robust are our operating margins and cash positions if this so-called 2.4% US inflation is merely a lagging indicator, and we’re confronted with a sustained 20% energy cost shock, still-high interest rates, and regulatory upsets...
NexG's Penny‑stock Gamble Triggers RM130 M Loss
SHOCKWAVE: Malaysian tech giant NexG just reported a RM130.88 Million net loss. The culprit? A disastrous gamble on volatile penny stocks that wiped out core business profits. This isn't just a loss, it's a corporate earthquake. #NexGCrisis #FinancialMismanagement #Stocks
EPF Holds Up RM11B Sunway‑IJM Takeover Amid Val
RM11B Sunway-IJM Takeover: The Great GLC Standoff The Employees Provident Fund (EPF) and major institutional shareholders are officially in a holding pattern, freezing an RM11 billion power shift as the Independent Advice Circular faces strategic delays. This regulatory bottleneck creates a...
Construction Stocks Squeezed by Takeover Rumors and Regulatory Scrutiny
Stop scrolling if you hold construction equities. Takeover rumors are actively destroying contract values right now. 1. MACC probe costs IJM a data center deal 2. MoF intercepts Sunway takeover of IJM 3. State funds clash over MRCB mega-merger Detailed Breakdown ↓↓↓ #BursaMalaysia #Equities
Malaysia Sees Major Corporate and Legal Shifts
Major Business News on March 6, 2026: 1. Court of Appeal to rule on RM1.7b pensioners payout 2. Ekovest secures 54-year highway concession 3. Datuk Seri Johari Abdul Ghani nears mandatory offer threshold 4. Datuk Tiong King Sing exits Timberwell at RM12.8 million Source: The...
Corporate Updates: Asset Freeze, Earnings, Investment Review, Margin Strain
Major Business News to Track Today, March 6, 2026: 1. MACC seeks asset freeze on Tun Daim Zainuddin's family 2. Gamuda to release Q2 earnings report 3. MIDA to announce 2025 investment performance 4. AirAsia X faces margin threats amid fuel hike ↓↓↓
Profitability Doesn't Mean Cash Flow Health
Ever feel “profitable” but still broke? This is one of the biggest traps in business. ⸻ A precision engineering SME had strong margins. But paid for machines upfront. Waited 90 days to get paid. Every big order felt like a risk instead of a...
CP Axtra's RM1.66B Deal Consolidates Malaysia's Grocery Market
The Malaysian grocery landscape just changed forever. 🚨 Thai retail giant CP Axtra (the power behind Lotus’s) is officially acquiring 100% of The Food Purveyor for RM1.66 billion. 💰 By Q4 2026, the group will control 120 stores nationwide, blending the scale...
Dividends Dip, Payouts Surge as KWSP Assets Swell
The 2025 Employees' Provident Fund (KWSP) dividends experienced a slight decline to 6.15% for both conventional and syariah accounts. CEO Ahmad Zulqarnain Onn attributed this reduction to: 1. stagnant growth within the local stock market and the 2. strengthening of the...
Iran Conflict Sparks Oil Surge and Market Turbulence
Major News to Track on March 1, 2026: 1. US-Israel Strikes on Iran Escalate, Khamenei Reported Dead 2. Oil Prices Surge Amid Fears of Strait of Hormuz Disruption 3. Global Stock Markets Brace for Volatility Post-Iran Attacks 4. EPF Announces...
Friday's Roundup: Sunway IPO, Plot, Profit Swings
Summary of Major News on Friday, 27 February 2026:  1. Sunway Healthcare’s Historic IPO and IJM Corp Bid Update 2. Alleged Plot to Topple the Government Uncovered 3. Petronas Faces 18% Profit Drop Amid Oil Price Slump 4. CIMB Reports Earnings Growth and...
Malaysia’s Economy Faces Geopolitical Shock and Record IPO
Major news to track on February 27, 2026: 1. The Friday Power-Play: Malaysia's Economy in the Crosshairs A critical convergence of geopolitics and capital is reshaping Malaysia’s financial landscape this morning. From high-stakes Cabinet decisions on US tariffs to the largest...
Velesto Energy: More Than Just Oil Drilling
Who is Velesto Energy Berhad? 🌊🏗️ If you’ve been following the Malaysian stock market or the O&G sector, you’ve definitely seen this name. But do they just "dig for oil"? Here’s the breakdown of this local giant. 🧵👇
Record Dividend Amid Profit Dip Raises Order Book Questions
Velesto Energy just reported a profit dip for FY25, yet they are paying out the highest dividend in the company's history. Is the RM1.3 billion order book enough to offset lower rig utilization and declining charter rates? Here is the breakdown of...
Key Market Moves to Watch on Feb 25, 2026
Major news to track on February 25, 2026: • US State of the Union: Trade Impact • Petros vs Petronas: Court Decision • Public Bank: FY2025 Results • Telekom Malaysia: Earnings Briefing • Inta Bina: Forecast Revision • Teamstar: ACE Market Debut Details here 🧵👇🏼
Islamic Finance Expert Charged; United Plantations Hits 120‑year Record
Additional Major Earnings News to Track on February 24, 2026: 4. Tan Sri Dr Mohd Daud Bakar charged with unlicensed securities dealing The renowned Islamic finance expert is accused of unlicensed dealing activities. 5. United Plantations posts best results in 120 years FY2025 earnings...
Key Earnings to Watch on Feb 24: Petronas, IOI, Construction Plan
Major Earnings News to Track on February 24, 2026 (Day 8 of Chinese New Year): 1. Petronas Dagangan Fiscal Performance 2. IOI Corp Quarterly Earnings Outlook 3. Construction Action Plan 2026-2030 Launch 🧵⬇️
Ghost Project Exposes Governance as C‑Suite Hedge
The RM400 million "ghost" project has finally caught up to the boardroom. For C-suite leaders, this isn't just news—it’s a masterclass in why governance is your only real hedge. Here’s the breakdown of the high-stakes charges against a former Telco MD. 🧵👇
Undervalued Malaysian Hospitality Stock Sees 35x Profit Surge
Is this the most undervalued hospitality play in Malaysia right now? 🇲🇾 While everyone is chasing speculative tech, a "quiet" company just reported a 35-fold quarterly profit jump. This isn't just growth—it’s a total operational takeover. 🧵 (1/5)
Sunway‑IJM Merger Threatens Malaysia’s Construction Competition
Is Malaysia about to witness a construction monopoly? A "too big to fail" monopoly. 🏗️ The proposed Sunway-IJM merger is under fire for its potential to stifle competition and inflate costs. Here is the 5-point TL;DR on why this deal needs a rethink. 🧵👇
Fuel Subsidy Masks Real Service Cost Surge
1.6% is a statistical illusion for the urban middle class While headline inflation is stable, the "unprotected" service sector is aggressive: Personal Care & Misc. → 6.6% Education → 3.2% Cause→Effect: Subsidized fuel (-0.7%) masks the reality of rising service labor costs. If you...
Malaysia Beats Forecast, Yet MSMEs Face Headwinds
Malaysia’s Economic Outlook & Risks Full-year performance exceeds government’s upper ceiling based on 4Q 2025 data Outperformance —► Hawkish BNM bias. Chatter of tougher operating conditions on the ground, especially for micro, small and medium enterprises (MSMEs) including F&B sector are leading many...
Key Market Moves: Listings, Earnings, Acquisitions, Renames
Major News to Track on February 13, 2026: 1. Hock Soon Capital Main Market Listing 2. LPI Capital FY2025 Results 3. Lotte Chemical Titan Full-Year Earnings 4. Oriental Holdings Hospitality Acquisition 5. Berjaya Land Corporate Renaming ↓↓↓
Yield‑Driven Value Replaces Price Focus in Malaysian Plantations
POC2026 Verdict: The industry pivot from price-driven growth to yield-driven value. Fixed Land —► Capacity Ceiling Efficiency Gains —► Margin Defense Based on current analyst consensus and preliminary sentiment from POC2026 (Day 1), the market is pricing in a...
