Highlights
KLSE: CCM (2879)       CHEMICAL CO OF MALAYSIA BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.68   +0.09 (5.66%)  1.57 - 1.70  908,300
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General Meeting

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Ann. Date Date Time Type Venue View
15-May-2018 31-May-2018 12:00 EGM Ballroom A, Level 10, DoubleTree by Hilton Kuala Lumpur, The Intermark, 348 Jalan Tun Razak, 50400 Kuala Lumpur Meeting Detail
26-Apr-2018 31-May-2018 10:00 AGM Ballroom A, Level 10 DoubleTree by Hilton Kuala Lumpur The Intermark 348, Jalan Tun Razak 50400 Kuala Lumpur Meeting Detail
13-Feb-2018 02-Mar-2018 10:00 EGM Ballroom 1 & 2, InterContinental Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur, Malaysia Meeting Detail
11-Sep-2017 03-Oct-2017 10:30 EGM Ballroom 1, Level 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur Meeting Detail
28-Apr-2017 24-May-2017 10:30 AGM Junior Ballroom, InterContinental Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur Meeting Detail
28-Apr-2016 26-May-2016 15:00 AGM Ballroom 1, Level 1, Sime Darby Convention Centre No. 1A, Jalan Bukit Kiara 1 60000 Kuala Lumpur Meeting Detail
29-Apr-2015 27-May-2015 14:30 AGM Ballroom 3, InterContinental Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur, Meeting Detail
13-Feb-2015 10-Mar-2015 14:00 EGM Ballroom 1, Level 1, Sime Darby Convention Centre, 1A Jalan Bukit Kiara 1, 60000 Kuala Lumpur Meeting Detail
30-Apr-2014 27-May-2014 10:30 AGM Ballroom 1, Level 1, Sime Darby Convention Centre, No. 1A, Jalan Bukit Kiara 1, 60000 Kuala Lumpur Meeting Detail
27-Dec-2013 21-Jan-2014 14:30 EGM NUSANTARA BALLROOM 2 & 3, SHERATON IMPERIAL HOTEL, JALAN SULTAN ISMAIL, 50250 KUALA LUMPUR Meeting Detail
31-May-2013 26-Jun-2013 10:00 AGM Ballroom 3, Hotel InterContinental Kuala Lumpur, 165 Jalan Ampang, 50450 Kuala Lumpur Meeting Detail
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  3 people like this.
 
gsi723 Every 3 units of CCM will get 2 unit of CCMDBIO? The 3unt of CCM become 1 unit of CCM? The announcement is blur???
03/08/2017 23:10
ruslimz price of CCM now is 1.55 and CCMDBIO is 2.07. So what will happened after the proposal ??? Simple calculation. Say you buy 3000 units of CCM now , you cost will be 1550x 3 = 4650. After the proposals, your 3000 units will become 1000 units of CCM shares and you will get 2000 units of CCMDBIO. If you sell all CCM and CCMDBIO shares at current price ,you will get 1550 for CCM and 4140 for CCMDBIO at the total of 4650, same as your cost...back to square one.....
04/08/2017 09:28
moneytrail http://www.thestar.com.my/business/business-news/2017/08/04/ccm-chief-defends-demerger-exercise/
04/08/2017 12:02
alpacino ruslimz - what if I only have CCMDBIO ? what will be the scenario - appreciate your simple feedback.
04/08/2017 17:17
gsi723 Like that ka? They simply play to suit PNB needs....?
04/08/2017 19:24
csan ruslimz, you're wrong.

''you will get 2000 units of CCMDBIO''. this is wrong.

''If you sell all CCM and CCMDBIO shares at current price ,you will get 1550 for CCM and 4140 for CCMDBIO at the total of 4650''. that's also wrong.

glaring error in the second..... 1550 + 4140 = 5690!
06/08/2017 09:49
csan will do a detailed article on this. but the real value many people have not taken notice of is that the interest cost of CCM will fall from about RM21 million currently to about RM5 million after the whole exercise is completed.
06/08/2017 09:53
chinkeong88 If you hold one lot of ccm, after restructuring, you are entitle to get 1/3 of ccm, and 2/3 of ccmdbio.just a mathematics cal......however, the share for ccmdbio now is keep down trend.. I plan I will sell first, wait then after restructure, will buy back ccmdbio.. more realistic!
06/08/2017 21:47
moneytrail Csan awaiting your article!!
10/08/2017 23:47
moneytrail I think big sharks should have plan to increase value for their shareholders. If not why bother with all the corporate exercise.
10/08/2017 23:48
alpacino Any comments on the latest results from Sifus here ?
26/08/2017 11:00
Angel of KLSE 大马股仙 I cannot understand why got people selling CCM.
After restructure, 1.48/3=0.49, 2.04(CCMDBIO price)/3=0.68, so 0.49+0.68+0.68=1.85
CCM is worth RM1.85 per share.
You don't know mathematics or I mistake?
27/08/2017 21:47
alpacino Agree with you Angel. I think those selling are confused.
29/08/2017 11:59
alpacino Don't sell - good prospects.
30/08/2017 14:43
babyinvester when will the proposal conducted?
05/09/2017 20:38
RiceNoodle Accumulate now before it fly high
06/09/2017 17:33
GGYY Value estimation after restructure, CCM=1.40/3=0.46, 3unitCCM@3*1.40=RM4.20, 3units CCM will only get 1.219unit CCMDBIO, finally RM4.20(3unit CCM Before Restructure)-RM0.46(CCM Price After Restructure)-RM2.68(1.219*RM2.20CCMDBIO Market Price)=Loss (RM1.06)
04/10/2017 15:12
moneytrail CCM consolidation 3 unit to 1 unit = RM4.20 (RM1.40 x 3)

Net price after restructure = RM4.20 - 2.20 = RM2 (per CCM share)

So assume u have 3 CCM share, after restructure, u will have 1 CCM share (RM2) 1 CCMDBIO (RM2.20) = RM4.20.

No gain no loss.
04/10/2017 23:09
lostwayinvestor when it will be consolidation?
13/10/2017 16:21
624298991 good time to collect... PP price 1.32... may drop to 1.3 and collect more.!
13/10/2017 23:06
25/10/2017 19:35
Coldman 1 day show?
26/10/2017 12:45
Angel of KLSE 大马股仙 Nope. this is one year show. today start.
26/10/2017 13:11
MsfollowmeTeam CCM will explode Big time... you'll regret if you didn't own some..
29/10/2017 21:31
624298991 fai fai annouce ex date lah... SIME also settle d...
30/10/2017 22:53
1427795467 https://www.facebook.com/848454415314427/photos/a.854214074738461.1073741829.848454415314427/863200650506470/?type=3&theater
08/11/2017 23:45
wolfofWS CCM deleveraging should
1) unearth the earnings of chemicals and polymers divisions
2) reduce interest and admin cost by RM15-20mil per annum
3) potential boost dividend yield to 8.6-12.1% per annum
Our SOP derived fair value at RM2.10 provides a potential upside of 37.30%

Buy!
15/11/2017 20:04
alpacino Nice results back in the black.
25/11/2017 12:18
moneytrail Waited too long. Time to fly.
26/11/2017 09:24
alpacino Wow! down so much first day of restructuring exercise. Terrible.
20/12/2017 17:29
moneytrail Crap
20/12/2017 17:31
alpacino Wow ! good recovery up 19 sens.
21/12/2017 17:12
ivan9511 Yes wait too long now fly
21/12/2017 18:36
Adrian Lam Jer-Han Hey guys, just wondering for those of us to bought CCM much earlier, just noticed my total share qty has been reduced. When will we be able to see CCMDBIO in our acc?
26/12/2017 18:34
miss mmg Same here
Hopefully someone can enlighten the situation
26/12/2017 21:37
alpacino Free CCMDBIO shares have been credited in already today.
29/12/2017 10:13
orangbaru77 good job...Thanxs CCM
12/01/2018 20:16
domisking amazing Q4 results out!!
27/02/2018 19:21
alpacino Good results after restructuring. Well done CCM.
27/02/2018 22:05
joeshare Holland.. is it coz of china will dump their product to se asia due to tariff?
28/06/2018 16:02
cricketlast Hi joeshare,

Went through the full list of china products targeted by US tariff. None of the CCM products are in the list. The targeted products are actually from high tech industries mainly from advanced information technology, robotics, aircraft, new energy vehicles, pharmaceuticals, electric power equipment, advanced materials, agricultural machinery, shipbuilding and marine engineering and advanced rail equipment industries.

Refer to link below (there is a direct link to the full 1,300 products targeted by US).

https://www.straitstimes.com/asia/east-asia/us-publishes-list-of-1300-chinese-goods-to-be-targeted-by-tariffs

Thanks.
06/07/2018 16:06
joeshare thank you cricket
18/07/2018 09:48
keong90 fundamental looks acceptable, except the debt. why is it dropping fiercely?
14/08/2018 16:10
cricketlast Hi Keong90,

I think investors are just worried on the trade war between China and US. I believe the impact of the trade war for the company's main product which is Caustic soda will be limited to the US, China and and in particular the Malaysia markets. Import of caustic soda from China to the US is actually very limited.

For the Malaysia market in particular, demand for caustic soda is expected to grow by another 100,000 MT in 2019 once the Rapid Refinery starts to operate. Currently the Malaysian market for caustic soda is around 430,000 MT of which 290,000 MT is being sourced by local suppliers (mainly CCM and Malay Sino Chemical) while the rest by import.

This show there is a supply demand gap for our market. With the start of Rapid this will actually be an advantage to CCM in particular as it already has a facility plant in Pasir Gudang (which they currently in the process of expanding to prepare the sudden expected demand surge from Rapid in 2019). The other main caustic soda player, Malay Sino has 2 plants located in Lahat (Perak) and Kemaman (Terengganu).

Investor will need to faced the volatility at the moment due to the trade war rhetoric between China and US.

2Q18 result is expected to show improvement vs 2Q17 result as have shown by other Chemical company in malaysia and globally.

Debt will actually significantly reduce in 4Q18 via the proceeds of disposal of 3 parcel of land in Shah Alam to Global Vision for RM190mil and the disposal of Pangen Biotech to CCM Diopharma for RM59.2mil. Both disposal was completed back in 2Q18.

Assuming no other debt to be raised, net debt should fall to around 40-50mil only which translate to a net gearing of 0.16x.

Feel free to comment. Appreciate any other views or input on this company.

Thanks.
15/08/2018 16:19
cricketlast Hi Keong,

Another thing that i would like to highlight is the Cash Flow that the company generated from operation in 1Q18 which amounts to RM26mil. Hard to find companies with a low valuation and generating positive cash flow at the moment. Hope they can sustained this and grow the cash flow even further in 2019.

For me it is currently the cheapest company that an investor could buy into for an exposure to the Rapid project and also the rubber glove industry (they are one of the supplier of calcium nitrate under the Polymer division to the gloves industry). Basically an increase of capacity by the glove industries actually bodes really well for companies like CCM (there are other companies as well but CCM for me is the cheapest at the moment). They also supply liquid chlorine to the glove industries.

Assuming a PAT of RM40mil (this is actually a more conservative projection. The CEO expect the PAT to actually double in FY 2019 which should be around RM50mil), current valuation is only 6.7x PE.

Average forward PAT for Gloves company is around 20xPE. Other malaysian chemical companies is currently trading at double digit PE.

Thanks.
15/08/2018 16:45
wolfofWS this is the only undervalue stock i see in bursa now

hope the seller can throw it down more
15/08/2018 21:20
keong90 ty for the enlightening comments
16/08/2018 10:23
L2 good info, cricketlast. tqvm. soon a hidden gem no longer.
16/08/2018 10:34
keong90 wait for the result
16/08/2018 11:51
Yael Jasper This quarter is making very good profits, the best ever!
16/08/2018 15:12


 

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