What happen to Compugates Last year ...and why we are still holding
Wednesday, 28 August 2013 07:02 ( LAST YEAR NEW OK....)
KUALA LUMPUR: Compugates Holdings Bhd is close to inking a deal with a unit controlled by Tan Sri Halim Saad, people familiar with the matter said yesterday.
If it goes through, the deal will see Compugates venturing into the property development business.
Compugates' controlling stakeholder and managing director Goh Kheng Peow could not be reached for comment.
Business Times understands that Compugates has revived a plan to develop some 40.47ha in Dengkil, Selangor.
Since 2009, the company has been planning to either sell or redevelop the land.
This year, Compugates has been on a spring cleaning exercise by selling its stakes in rival listed entities such as Menang Corp Bhd and ETI Tech (M) Sdn Bhd, which helped the company book a one-off net gain of RM872,780.
The company also revalued its landed assets this year, which rang up a surplus of "RM100 million".
This helped increase the Main Market-listed company's net tangible assets to seven sen in the last quarter ended March 31 2013, from four sen previously.
Still, the company's shares have not managed to catch investors eyes, who see Compugates as a "nearly man", having promised much before only to deliver very little.
Compugates is a distributor of consumer electronics which has branched out into the distribution of green energy products, agriculture and timber concession, and hasa presence in Malaysia, Bangladesh, Indonesia, Cambodia and Singapore.
Vincent688Buy, buy, buy, hav good news, check d anouncement!!!
Atarahyes... next week should start moving up...I did not expect the announcement to be so soon....I though they will only release on Oct... well good timing .... USA keep rate unchanged , Zeti keep rate unchanged and 3 trillions dollar to stimulate European and 500 billion yuan for banks in China all to stimulate the economy.... Fund will spill to Malaysia Bursa Market as it is known for many retails players and exciting market compare to other bourse... The indication is showing .... BURSA BULL RUN coming ... Next week all about Bursa Bull Run news.. Watch... Those who keep Compugates ... well hopefully reward time starting next week.
ak99tp 0.15 next year when resin start to produce from argawood tree and investor come in
AtarahNew Coverage on the Edge daily on 19.09.14.... on above announcement... Good news indeed. Next week ... pre budget rally began.. Budget on 10.10.14.... Our time has come ... announcement come at right time...
Orson ChinOk.. Hope got good show nix week... Hehehe
Orson ChinWestwood investment group is a big private fund in world?