Highlights
KLSE: GOLDIS (5606)       GOLDIS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
3.08   -0.02 (0.65%)  3.07 - 3.09  25,000
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Overview

Market Cap: 1,884 Million
NOSH: 612 Million
Avg Volume (4 weeks):58,629
4 Weeks Range:3.04 - 3.20
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:2.60 - 3.44
52 Weeks Price Volatility (%):
57.14%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017[#4]  |  13-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  25-May-2018
T4Q P/E | EY: 8.75  |  11.42%
T4Q DY | Payout %: 0.65%  |  5.66%
T4Q NAPS | P/NAPS: 4.4287  |  0.70
T4Q NP Margin | ROE: 35.94%  |  7.94%

Headlines

Date Subject
14-Feb-2018 Mplus Market Pulse - 14 Feb 2018
11-Jan-2018 PublicInvest Research Headlines - 11 Jan 2018
11-Jan-2018 Mplus Market Pulse - 11 Jan 2018
26-Nov-2017 怡保花园金诗二变一/万年船
03-Jul-2017 Mplus Market Pulse - 3 Jul 2017

Business Background

Goldis Berhad (Goldis) is engaged in investment holding and the provision of management services. The Company, along with its subsidiaries, is engaged in investment holding, property investment holding, manufacturing of pharmaceuticals products, information and communication technology services, paper manufacturing, provision of engineering services for water treatment plants and related services and aquaculture. It operates in seven segments: Pharmaceutical; Property investment and development; Information and communication technology; Paper manufacturing; Waste water treatment services; Aquaculture, and Hotel. On August 23, 2010, the Company acquired additional 22.5% interest in Ganyu Xin Cheng Sewage Treatment Co. Ltd. On August 31, 2010, the Company acquired additional 9.5% interest in Jiang Su Crest Spring Co. Ltd. On August 1, 2011, the Company sold Hoepharma Holdings Sdn Bhd to Taisho. On September 29, 2011, the Company dissolved Sweat Club Sdn Bhd.
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  2 people like this.
 
chkhooju Privatization of IGB has materialised?
21/05/2017 14:57
Ring For short term Goldis may hit 4 then 5, Goldis name may change
21/05/2017 21:27
Hk Wong goldis may take a hit..
06/06/2017 09:51
860000 what hit?
07/06/2017 10:42
Hk Wong perhaps Goldis can recognise some cost-savings from the merger. Clearly, there will be some savings from maintaining only one listing status.

But beyond that, will there be more restructuring?

“It’s too early to speculate. Let us finish the deal first, then the board can sit down and decide how we want to strategise and proceed,” explains Ng.

Looking ahead, IGB’s minorities may find themselves in an interesting position. If they share AllianceDBS’ view and expect Goldis, as a merged entity, to unlock value trapped in its assets, then they should opt for option 2.

But if they expect value to be unlocked over a longer period of time, then they should opt for option 3.

Of course, investors could always opt for option 1 — take the cash and invest directly in IGB REIT, a company that has clear visibility in earnings and dividends.
16/06/2017 11:21
Hafid Down already. Wait fir 2.50
16/06/2017 22:38
kaikai Timing of the offer ? anyone got an idea ?
21/06/2017 20:01
Hafid July
22/06/2017 20:01
danny123 if igb egm reject d offer, then goldis will come down to 2.30
i gb share will go up, maybe 3.50
30/06/2017 16:24
danny123 hopefully IGB shareholder will reject d offer during EGM
30/06/2017 16:25
Ring http://www.theedgemarkets.com/article/goldis-revises-options-igb-takeover
30/06/2017 21:38
Ring KUALA LUMPUR (June 30): Goldis Bhd is revising the options for its takeover offer for IGB Corp Bhd.

Originally, Goldis offered three options available to IGB shareholders — cash only or a cash plus Goldis shares on a 30:70 ratio respectively, and the third option is cash plus new redeemable convertible cumulative preference shares (RCCPS) on a 20:80 ratio respectively. Meanwhile, shareholders owning fewer than 100 IGB shares would be offered cash only.

However, Goldis said it wants to allow all scheme shareholders to have the same election rights, whereby those with fewer than 100 IGB shares can elect for the Cash Option, the Cash and Share Option or the Revised Cash and New RCCPs Option.

Secondly, the proportion of cash to new RCCPS to be offered under the Cash and New RCCPS Option has been revised from 20% in cash and 80% New RCCPS to 12% in cash and 88% new RCCPS.

“This is to cater to scheme shareholders who wish to maximise their equity holdings in Goldis with the aim to benefit from and realise the long-term potential value in the consolidated group,” said Goldis.

Goldis said the revised option will not have any material effects on the group structure, share capital, substantial shareholders’ shareholding and audited consolidated net assets per share and gearing.

On Feb 23, Goldis announced that it had offered to pay IGB shareholders RM3 a share in either cash or a combination of cash and shares in Goldis, a move that would see it delisting IGB and turning it into its wholly-owned subsidiary.

It also said the move would likely eliminate its holding company discount on IGB, provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and create a more cohesive and efficient operating structure going forward.

Should the scheme be approved, Goldis said it plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu.

Goldis settled 0.4% or one sen higher at RM2.90 today, valuing it at RM1.77 billion.
30/06/2017 21:45
Hafid I doubt there will reject. Maybe something is in offering with the deal. There is safety of margin of rm1.00. very good
02/07/2017 07:23
Hk Wong KUALA LUMPUR: Goldis Bhd, which is seeking to take subsidiary IGB Corp Bhd private, has sweetened its offer for the remaining IGB shares it does not own by waiving its right to all dividends and/or distributions declared, paid or made after the date of its Feb 23 proposal letter.

IGB Corp, the developer of Mid Valley City, told Bursa Malaysia that it had received a letter from Goldis on Thursday stating that the scheme shareholders would now be entitled to retain any dividend that IGB might declare, make or pay for this financial year ending Dec 31, 2017 (FY17), prior to the date of sanction of the proposed scheme by the High Court.

“For the avoidance of doubt, notwithstanding the waiver set out above, Goldis will not reduce the offer price by an amount equivalent to the net dividend for each IGB share which the scheme shareholders are entitled to retain,” it said.

“Similarly, if Goldis declares, makes or pays any dividend before the consideration shares and the consideration new RCCPS (redeemable convertible cumulative preference shares) are issued, the consideration shares issue price and the consideration new RCCPS issue price will not be reduced by an amount equivalent to the net dividend for each consideration share or consideration new RCCPS that the scheme shareholders are not entitled to.”

(Earlier this month, Goldis declared a first interim dividend of 2 sen per share for FY17. IGB, which paid an interim dividend of 10% for FY16 on March 17, has not declared any interim dividend for FY17.)

All other terms and conditions to the proposed scheme as set out in the proposal letter dated Feb 23 and as revised by the revised proposal letter dated June 30 remain the same.

The proposed scheme offers RM3 for each IGB share held, to be settled by either one of three options that the scheme shareholders can choose (100% cash, 30% cash and 70% Goldis shares, and 12% cash and 88% new Goldis RCCPS).

Goldis directly holds 73.43% of IGB’s share capital (excluding treasury shares). The Employees Provident Fund is the second largest shareholder with a 5.02% stake.

Kenanga Investment Bank Bhd, was appointed on April 14 as independent adviser on the proposed scheme. IGB has not posted any advice from Kenanga IB to-date on Bursa Malaysia's website on whether shareholders should accept or reject the offer.

IGB shares closed unchanged at RM2.83 on Thursday.

Read more at http://www.thestar.com.my/business/business-news/2017/07/20/goldis-sweetens-offer-for-igb-shares/#GEvM5ESfGeldbejc.99
21/07/2017 09:28
danny123 igb pay 10- 15 cents div
goldis pay 2 -5 cents div
for the past 3 yrs.
most likely, monority shareholder of igb will reject d offer.

Reasons;
-igb shares will be diluted UNDER OPTION 2 AND 3, therefore dunt get good div anymore
- Some analysis say igb valuation 4 -6 ringgit, therefore offer 3 ringgit not attrative.

SO VOTE NO DURING IGB EGM
25/07/2017 16:18
Hafid When is the voting date
27/07/2017 13:35
magus goldis wants to buy igb for cheap and given the market rules, they will most likely succeed too; talk about the rich getting richer and the not so rich getting screwed.
28/07/2017 13:25
YoungInvestor Justin : Where did you get the news , is it a well known news ?
09/08/2017 22:55
jtpc2006 What is Goldis management waiting for now?
16/08/2017 17:21
Hafid Wait for approval
17/08/2017 20:35
jtpc2006 Goldis management wait for approval? For goodness sake get a move on !!
21/08/2017 16:38
Hk Wong already submit to SC.
23/08/2017 10:36
Hk Wong goldis dividend is low. but once the merger is done and economy recover than...
with the e-commerce come will affect the mall operator.
23/08/2017 10:37
Hk Wong The Group's revenue for the 6 months period ended 30 June 2017 decreased by 6.7% to RM552.9 million as compared to
RM592.5 million for the 6 months period in the preceding year. The decrease in revenue was mainly due to lower contribution
from the hotel segment. The previous year’s revenue had included revenue from Cititel Express Kuala Lumpur, Micasa Hotel
Yangon and Renaissance Kuala Lumpur Hotel which were disposed in March 2016, July 2016 and January 2017 respectively. The
contribution from these three hotels were RM57.4 million. However, this was mitigated by the higher revenue contributed by
The Tank Stream Hotel in Sydney.
However, the Group has recorded higher profit before taxation of RM239.3 million for the 6 months period ended 30 June 2017
as compared to RM168.5 million for the corresponding 6 months period in the preceding year, which represented an increase of
42.0%. This was mainly due to a one-off gain on disposal of Renaissance Kuala Lumpur Hotel.
28/08/2017 16:13
Hk Wong On 21 July 2017, the Company have submitted an application to Bank Negara Malaysia for the proposed issuance of the New
RCCPS to non-residents in relation to the Consideration New RCCPS pursuant to the Proposed Scheme.
28/08/2017 16:16
Hk Wong On 31 July 2017, the Company have submitted an application to Bursa Securities for the listing of and quotation for the
Consideration Shares, the Consideration New RCCPS and new ordinary shares in the Company to be issued upon the conversion
of the Consideration New RCCPS pursuant to the Proposed Scheme on the Main Market of Bursa Securities.
28/08/2017 16:16
Hk Wong RANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
(I) PROPOSED ACQUISITION BY GOLDIS BERHAD ('GOLDIS' OR 'COMPANY') OF THE ENTIRE
EQUITY INTEREST IN IGB CORPORATION BERHAD ('IGB') NOT ALREADY OWNED BY GOLDIS
BY WAY OF A MEMBERS SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IGB PURSUANT TO
SECTION 366 OF THE COMPANIES ACT, 2016 ('PROPOSED SCHEME');(II) PROPOSED CHANGE
OF NAME OF GOLDIS FOLLOWING THE COMPLETION OF THE PROPOSED SCHEME ('PROPOSED
CHANGE OF NAME'); AND(III) PROPOSED CHANGE TO THE CONSTITUTION(COLLECTIVELY THE
'PROPOSALS')
21/09/2017 14:46
Hk Wong Notice extraordinary meeting 20/11/2017
27/10/2017 07:53
Hafid Takeover done
21/11/2017 18:52
jtpc2006 Now for Goldis and IGP Corp, the sky is the limit, price will shoot up!
22/11/2017 15:40
jtpc2006 what a slow coach !
27/12/2017 19:21
jtpc2006 Still a slow coach!
09/01/2018 16:47
member41 Golden share upupup can $4?
22/01/2018 16:57
member41 Gold mine up 25 today
23/01/2018 11:30
jtpc2006 Still waiting for Goldis to show its true colors
23/01/2018 14:21
Hafid i hope can go up to 5.00
23/01/2018 21:02
Hafid AllianceDBS’ investment case is straightforward. As it stands, Goldis has a fully diluted revised net asset value (RNAV) of RM8.04 per share. Hence, it is currently valued at a whopping 65% discount to its RNAV.
The merger with IGB Corp should be a re-rating catalyst for Goldis, allowing it to command a slightly higher discount-to-RNAV of 50% or RM4 per share.
24/01/2018 11:48
Ring http://www.theedgemarkets.com/article/stock-momentum-goldis-bhd
24/01/2018 12:47
tipumakan one major problem with goldis is that they are stingy on dividend
24/01/2018 21:55
stevenwongg Wow, cut loss
25/01/2018 16:38
tipumakan Cut loss? I though everyone should earn with recent gain?
25/01/2018 16:43
stevenwongg I just enter today, but seem like dropping after lunch..
25/01/2018 17:11
kaikai Good buy , easily worth RM4 !
25/01/2018 20:30
tipumakan It already worth more than RM4 long time ago but price at lower low. Need more corporate exercise carry out to boost the price, or give better dividend.... Otherwise will be dead water again
25/01/2018 21:48
member41 Every time drop buy more. But need to wait.
26/01/2018 09:47
tipumakan Its time to buy, already drop
26/01/2018 10:04
jtpc2006 such a slow coach, cannot take one step forward
26/01/2018 14:13
member41 Below 3 buy
29/01/2018 16:46
jtpc2006 very slow tortoise
30/01/2018 10:03
jtpc2006 Fantastic financial results, where's the bonus and dividends?
21/02/2018 19:19


 

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