Hohup is fine whether acquired y others or remains as it is yah :)

xiaoeh

Posted by Good123 > 25 minutes ago | Report Abuse
MAYBE, HOHUP WILL BE ACQUIRED BY MALTON, WCT OR EXSIM ... WAIT N SEE

@Dear Good123
just to ask...
are u buying Ho Hup for the hope of taken over or merged or lead by other entities...?
means current Ho Hup itself no hope...?

8 minutes ago

MAYBE, HOHUP WILL BE ACQUIRED BY MALTON, WCT OR EXSIM ... WAIT N SEE

www.klsescreener.com/v2/news/view/1322879/my-say-court-rulings-on-chairperson-s-and-directors-duties-raise-cautions-for-holders-of-these-posts

I think, it would end up being taken over by another group. wait n see

PETALING JAYA: Disunity among family members has cost the founding shareholders of Ho Hup Construction Co Bhd and Kian Joo Can Factory Bhd (KJCF), two of the oldest names in their trade, a hefty price and on top of that, a deeper divide within the family.

Datuk Low Tuck Choy (TC), former managing director of Ho Hup, said he still talks to his younger brother Teik Kien (TK), but stated that it is difficult to just forget all that happened.

For unknown reasons, TK had associated himself with TC’s nemesis Datuk Vincent Lye during the tussle for control of Ho Hup a few years back, although he had abstained from voting TC out of the board. “How not to talk? He is still family.


But it’s difficult… the damage is already done [to the relationship],” said TC. Last week, Ho Hup finally gave up on a two-year fight with Malton Bhd over the joint development deal (JDA) of a 60 acres (24ha) prime tract in Bukit Jalil.

This closes a four-year episode that started with TC’s ouster from Ho Hup’s board in 2008; then his regaining board control in 2010 but only to fight over the JDA with Malton through a two-year legal tussle.

Malton had entered into the JDA with the Lye-led board that had included TK the day before TK and Lye were removed in a Ho Hup shareholders’ meeting on March 17, 2010.

“The four-year tussle put a lot of stress on Ho Hup. It wasted a lot of time in restructuring and finally the company has no choice but to share the land with Malton instead of developing it itself,” said a market observer.

While the Lows have at least regained control at Ho Hup, founded over 50 years ago by TC and TK’s father Low Chee, the founding See family of Kian Joo had unfortunately just lost control of the can manufacturer it founded 54 years ago.

wow, suddenly rebound 1.8 & above now cantik

VT suruh son in law from naza, beli semua... checkmate haha

@LaoHaidi

No worries, Bjfood got VT and Naza 😆😁

1 day ago

founder is old, next gen tak mau ambil alih, tunggu disposal of stake je kini hehe

KK project 70% ++ sold project value ~RM600mil... surely gain... another ~25% in Johor.. also a booming state... ho hup is steady now... retained earnings RM162 million++ ada free cash flow boleh bayar dividend or buat share buyback

The founder is old, probably cash out

Just wait for takeover of hohup

Latest news? Any?

Tak boleh elak selamanya hehehe
https://focusmalaysia.my/man-who-evaded-the-law-for-15-years-charged-with-securities-fraud/

13.5sen saja vs nta 66sen with retained earnings RM162mil++ the best & cheapest companyfor backdoor listing cheh

Boikotlah till semua gulung, rakyat makan taik, dll hehehe

More kids living in poverty go hungry in KL as food prices soar
https://www.straitstimes.com/asia/se-asia/more-kids-living-in-poverty-go-hungry-in-kl-as-food-prices-soar

9, May 2024, Thursday

*US*
Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day.

*EUR*
European markets closed higher on Wednesday as investors digested more earnings reports in the region.

*ASIA*
China stocks jumped on Thursday as trade data showed imports surged above forecasts, while exports rose in line with expectations.

*MALAYSIA*
Bursa Malaysia opened marginally higher on Thursday supported by buying momentum despite Wall Street's mixed performance.

*GOLD*
Gold slipped on Wednesday while investors awaited U.S. data for clues on potential rate cuts by the Federal Reserve, though a slight uptick in the dollar limited any upsides.

*Oil*
Crude oil futures rose Wednesday, recovering losses from earlier in the session as U.S. crude inventories fell.

*KLCI*:
1,604.75 (-0.93) (-0.06%)

*DJIA*:
39,056.39 (+172.13) (+0.44%)

*S&P 500*:
5,187.67 (-0.03) (0.00%)

*NASDAQ*:
16,302.76 (-29.80) (-0.18%)

*FTSE*:
8,354.05 (+40.38) (+0.49%)

*NIKKEI*:
38,202.37 (-632.73) (-1.63%)

*HSI*
18,313.86 (-165.51) (-0.89%)

*HSCEI*
6,456.72 (-69.95) (-1.07%)

*SHANGHAI*
3,128.48 (-19.26) (-0.62%)

*SHENZHEN*:
1,772.82 (-18.15) (-1.01)

*GOLD*: 2,322.30

*CRUDE OIL*: 83.94

*USD/MYR*: 4.7421

_Source: The Edge, The Star, CNBC, Reuters, MarketWatch & Bloomberg_

*Disclaimer:*
_We have compiled this material with information obtained from sources we believe to be reliable, but we do not make any representation or warranty nor accept any responsibility or liability as to its accuracy, completeness or correctness. It ppl contains general information only on investment matters and the information is subject to change. The material above should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The data presented is for information purposes only and is not a recommendation to buy or sell any securities or adopt any investment strategy. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment._

Jom, kita boikot, sanggup? Hehe

M'sia incurred RM277b losses in five years due to corruption - Azam

Checkmate Hamas terrorists By Israel, endgame strategy
On 6 May 2024, Israel began a military offensive in and around the city of Rafah as part of its invasion of the strip during the Israel–Hamas war.

Last fight in rafah to defeat Hamas, Israelis are mostly likely to win

The Biden Administration paused weapon shipments to Israel over its invasion of Rafah.

kena disiasat USA hehehe. M'sia ready to engage US over alleged funds to Hamas - minister https://www.malaysiakini.com/news/704918

Masuk neraka ka jika bekerja dengan intel atau guna chip intel?


American Malaysian Chamber of Commerce AMCHAM
https://amcham.com.my › intel-tec...
Intel Technology Sdn. Bhd.
Intel Malaysia is the first offshore site for Intel Corporation, with more ... Today, Malaysia is one of Intel's most comprehensive sites with 10,000 employees.

###They don't care, Israel or not🥳

Given the perennial Middle East volatility, it bears noting that Intel started heavily investing in Israel at the end of 2023, launching a $25 billion package. This led to Intel’s reliance on Israel’s multiple manufacturing and research and development facilities.

http://www.investing.com/analysis/intel-a-buying-opportunity-or-a-lost-cause-200648275

Intel, a big investor in Israel hehe. Tak boleh guna komputer yg ada chip intel ka? Extremists tolong jawab hehe

Guna komputer yg ada chip intel=menyokong Israel ka? Hehehe

They don't care, Israel or not🥳

Given the perennial Middle East volatility, it bears noting that Intel started heavily investing in Israel at the end of 2023, launching a $25 billion package. This led to Intel’s reliance on Israel’s multiple manufacturing and research and development facilities.

http://www.investing.com/analysis/intel-a-buying-opportunity-or-a-lost-cause-200648275

Mau boikot Komputer yg ada chip intel ka? Hehehe

They don't care, Israel or not🥳

Given the perennial Middle East volatility, it bears noting that Intel started heavily investing in Israel at the end of 2023, launching a $25 billion package. This led to Intel’s reliance on Israel’s multiple manufacturing and research and development facilities.

http://www.investing.com/analysis/intel-a-buying-opportunity-or-a-lost-cause-200648275

Menurut MIDF Research, berbanding dengan rakan setaranya yang lain, hanya NIKKEI Jepun telah mengatasi prestasi dengan peningkatan sebanyak +16.0%. #AWANInews #AWANI745

Founder of hohup can sell its stake to exsim anyway

13.5sen at closing. Good rebound, expecting a higher rebound as retailers realize its value

makan rasuah/curi duit rakyat tak mau boikot ka, munafik kan? Hehe

https://www.nst.com.my/news/nation/2024/05/1047333/malaysia-has-lost-rm277-billion-corruption-2018-2023%C2%A0

Hebat:

https://youtu.be/mkrXO2Pxk8s?si=049gOdQochm8mH0C

https://www.youtube.com/watch?v=pjOEJumoABg

https://www.malaymail.com/news/malaysia/2024/05/07/muslim-group-says-brands-boycott-over-gaza-counterproductive-suggests-buying-out-firms-instead/132911

Expecting something similar to happen to Hohup

Yinson's major shareholder raises Icon stake to 56.67% as MGO closes
By Syafiqah Salim / theedgemalaysia.com
08 May 2024, 12:28 am

KK projects 70%++ sold, now probably sold 90%++. Hehe

Hohup a nice backdoor listing companyas well. Undervalued greatly

A nice balance sheet/financial position with retained earnings RM162mil+++

HO HUP CONSTRUCTION COMPANY BERHAD 197301000497 (14034-W) CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION For the financial year ended 31 December 2023 (The figures have not been audited) 3 31 Dec 2023 31 Dec 2022 RM'000 RM'000 (Unaudited) (Audited) ASSETS Non-Current Assets Property, plant and equipment 18,061 203,647 Right-of-use assets 20,243 25,842 Investment properties 135,713 138,837 Intangible assets 39 39 Goodwill 898 11,378 Quarrying rights 502 616 Inventories and other contract costs 83,260 83,260 Investment in joint ventures 567 367 Quarry development costs 3,303 4,346 Other Investment- 2,063 Deferred tax assets 542 684 263,128 471,079 Current Assets Inventories and other contract costs 510,423 538,757 Contract assets 94,914 141,607 Trade receivables 181,699 202,419 Other receivables 141,809 138,786 Amount due from a joint venture 99 99 Tax recoverable 49 162 Fixed deposits with licensed banks 7,510 11,602 Cash and bank balances 13,238 19,131 949,741 1,052,563 TOTAL ASSETS 1,212,869 1,523,642 EQUITY AND LIABILITIES Equity attributable to owners of the parent Ordinary share capital 263,169 256,870 Other reserves (77,104) (77,104) Foreign currency translation reserve (2,145) (2,091) Retained Earnings 159,401 234,443 343,321 412,118 Non-Controling Interest 3,555 7,584 Total Equity 346,876 419,702 Non-Current Liabilities Lease Liabilities 4,543 5,389 Borrowings 316,226 388,805 Deferred tax liabilities 13,347 19,166 334,116 413,360 Current Liabilities Contract liabilities- 20,457 Borrowings 191,890 261,896 Trade payables 111,572 139,385 Other payables 162,466 192,565 Lease liabilities 4,970 9,945 Provision for taxation 60,979 66,332 531,877 690,580 TOTAL LIABILITIES 865,993 1,103,940 TOTAL EQUITY AND LIABILITIES 1,212,869 1,523,642 Net assets per share attributable to equity holders of the parent (RM) 0.66 0.83 The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2022 and the accompanying explanatory notes attached to the interim financial statements.

Wait for mgo, mbo, etc etc... Ho hup , an easy takeover target, super valuation with rm160mil++ retained earnings..easy to pay dividend, share buy back as n when free cash is available

Malaysians have money :)

https://thesun.my/business/malaysia-set-to-attract-more-foreign-inflows-as-rich-baby-boomers-pass-on-wealth-worth-us-19t-sc-KF12429311

Baik juga Jika exsim mau pakai hohup untuk backdoor listing hehe

Andaianku, balik 15-20sen++ anytime

Operator or acquirer dapat syer cheaply lagi Akan start sapu syer aggressively fingers crossed hehe

People realized hohup share price is super undervalued, good for takeover, etc.... Cheap valuation tak payah waste time/money for ipo

Nobody wanted to dump their shares, offer price or market price would rise again. Of any group wanted to acquire shares to control/acquire, they must pay well

Hopefully it surges today, nobody wants to sell cheaply anymore

Don't be tricked, maybe ada MGO, etc. Hehe

Game play between hohup and exsim will be unfolded in stages, hang on yah, hehehe

Today, we chart a new record on Bursa Malaysia 📈

Our equities market capitalisation has skyrocketed to a record high of more than RM2 trillion! 🚀

This morning, the benchmark index [FBM KLCI] also soared past 1,600 points for the first time in 2 years.

The above indicators are testament to the strength of our market and Malaysia’s economy.

With over 1,000 public listed companies (the highest number in the ASEAN region), we're well-positioned to reach greater heights!

#RecordBreaking
#MarketCapMilestone
#BursaMalaysia
#MalaysiaMADANI

bukit jalil is suitable for data centre, same area with teknologi park bukit jalil haha
Business council says more Chinese companies are looking to set up data centres in Malaysia
NST Tue, May 07, 2024 12:28pm - 3 hours


KUALA LUMPUR: More Chinese companies are expected to set up data centres in Malaysia in the next five years, said Malaysia-China Business Council.

Malaysia-China Business Council executive/director (acting) Datuk Alvin Tee said the council is seeing interest from Chinese companies to set up data centres in Malaysia, particularly in places like Cyberjaya.

He said Malaysia's strong IT infrastructure and a skilled workforce, makes it an attractive destination for digital investments.

"There is also interest in the semiconductor sector due to the ongoing US-China trade tensions, but it's important for us to ensure that any investments contribute positively to our GDP and don't just rely on cheap labour or materials.Instead of just focusing on trade surplus numbers, we should consider things like knowledge and technology transfer, as well as people-to-people connections, which have improved a lot over the past 50 years," he said.

"So, while there's definitely interest from China, it's crucial for our government to monitor and manage these investments to ensure long-term benefits for our economy," Alvin told reporters on the sideline of the Malaysia-China Commemorative Forum here today.

Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir said China has been Malaysia's largest trading partner for the past 15 years.

In 2023, total trade between our nations reached US$98.80 billion(RM450.84 billion), with imports from China accounting for USD56.69 billion (RM258.63 billion).

These imports primarily include electricaland electronics products, machinery, and chemicals, he said.

total shares~518mil .. say offer price 20sen... =RM100mil++ lebih murah drp satu keping tanah haha jika 40sen ~RM200mil ++ tapi masih jauh lebih rendah drp nilai NTA... period

1ST OFFER FOR A PIECE OF LAND OF HOHUP @rM110MIL, 2ND OFFER FOR THE WHOLE COMPANY OF HOHUP at RM220mil, sanggup jualkan semua? hehe

According to a statement on the US Treasury website the visit is to advance its work countering terrorist financing and revenue generation by Iran and its proxies and to discuss the implementation of sanctions and export controls against Russia.


https://www.malaysiakini.com/news/704728

Iran's capacity to move oil reliant on Malaysian providers, US official says
Reuters
Commodities
Published 05/07/2024, 02:51 AM
Updated 05/07/2024, 02:55 AM
Iran's capacity to move oil reliant on Malaysian providers, US official says

0
© Reuters. FILE PHOTO: Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

© Reuters. FILE PHOTO: Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
|

By Xinghui Kok

SINGAPORE (Reuters) - The United States sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Department's top sanctions official said on Tuesday.

Brian Nelson, Treasury's undersecretary for terrorism and financial intelligence, was speaking during a four-day visit to Singapore and Malaysia, which the department said aimed to advance its work in countering financing and revenue generation by Iran and its proxies.

The trip comes as Treasury increases its focus on financing for militant groups routed through Southeast Asia, including through fundraising efforts and illicit sales of Iranian oil.

Nelson told reporters the United States was trying to prevent Malaysia from becoming a jurisdiction where the Palestinian militant group Hamas could both fundraise and then move money.

He said the United States saw Iranian oil being transferred near Singapore and throughout the region.

Last December, Treasury imposed sanctions on four Malaysia-based companies it accused of being fronts supporting Iran's production of drones.

Nelson also said sanctions and export controls against Russia were seeing progress, saying the Russian oil price cap was reducing Moscow's capacity to profit from oil sales while preserving the stability of global energy markets.

Singapore is a major shipping hub. Insurance and other maritime service providers operating in Singapore have warned of evasion of the price cap on Russian oil, complaining that it is difficult to confirm that paperwork promising oil is bought at or below the $60 cap is accurate.

probably exsim's tactic, rM110MIL FOR A PIECE OF YOUR LAND... LATER, rm220MIL FOR THE WHOLE HOHUP HAHA ...

so many valuable assets inside hohup... 13sen super cheap.. NTA 66sen.. sell a piece of land je fetched RM110mil.. current market cap just ~Rm65mil.. hehe