No point in purchasing your own shares when the business can't make money. The rational step is to pay all available cash reserve and start a new even if the share price drops to 10 sen,
myinvestor
OTHERS Supermax Corporation Berhad (Supermax or the Company) - Proposed Renewal of Authority for the Company to Purchase its Own Shares

2 days ago

0 seconds ago

Good evening owners of glove companies & funds caught in glove counters are speculating that the glove industries will recover at the end of 2024 or rather last quarter of 2024. Far from it, if we take into account the rising costs of material & transport as well the low turnover of these companies, they can hardly break even with the stiff ASP.

Good morning, another Q of bad results for TG, the future of the glove counter is worsening. Now is not the time to hear cock N bull stories of glove company owners.

Wow 1 bill over liabilities, any disposal could cause losses, since having bank loans for the properties etc?
In a filing, MBSB said five of its companies in the property development business will be transferred to a corporate share trustee, while disposal of the loans — carrying a book value of RM279 million — shall be settled in cash and on a deferred basis.

The five companies had combined negative net liabilities of RM1.105 billion as at end-2022, the filing showed.

Financing EVs as demand increases when people replace ICE cars.
tom2629
Something is brewing inside PB and the 80yo MD, (TS Tay with a RM45mil pa remuneration) better disclose it soon. Hate surprises.

8 hours ago

Great multiplier effects from borrowings to increase lending, borrowing to replenish loans.
tom2629
Why does PB needs to establish 20billion worth of subnotes with 30 years tenure? No other banks are doing it, so far? Who is the big borrower? The Govt or Private company?

Yeah so true? Whatever it is the counter where investors lack trust in the owner. Same like VT Berjaya Group.
shortinvestor77
Restructuring is being done. Resurrection is expected in the near future.

6 days ago

Can get returns over EPF rate Divi plus share price appreciation should be ok. See how you handle your portfolio in PBB. Benchmark is EPF returns per annum, not FDR. FDR is 0 risk. PBB still has risk as share prices fluctuate.
M55555
Park RM500k and receive RM25 to RM30K div return annually sampai mati.. ok right ? After mati , hang over by next generation. Should be a better option than parking RM500k in fix deposit , with currency value uncertainty and no growing prospect.

0 seconds ago

Half-dead group of companies, with A & W such a good brand, also should be able to do well. Linked with MUI sure investors will shun the counter.

Kenanga said the worst is over for TG, surely Kenanga bought a lot to unload to bilis?
https://www.msn.com/en-my/money/topstories/kenanga-worst-is-over-for-glove-sector-in-terms-of-earnings-downgrades/ar-AA1giveT?ocid=msedgdhp&pc=W035&cvid=b89934abb5e9468e9b94b591fefebb4e&ei=95

LLC is confused. At the current price, he said it is a steal but he is selling it all. Looks like he still loved MBSB, just frustrated to let it go. For those still waiting to buy more let it move to below 59 sen and pick it up. At its current price, it is expensive. At current PE of 11.85 is high. PE below 10 is just nice to buy. PE for PBB is currently 12 and Alliance Bank is only 8.9.

Glove counters are not expected to recover until 2025 or another worldwide pandemic starts, whichever comes first.

As I always say, get Stanley to distribute all available cash as dividends. Consolidate its shares and moved on, later got no money call for rights. It will be the most tactful decision.

PBB pays dividends 3 times a year. 1st Qtrs. no divi.
Sangranghaeyo
Will receive another dividend on Dec since PBB is doing quite well?

LLC, all your comments are devoted to MBSB and previously CIMB. Is this your only portfolio?

KUALA LUMPUR (Aug 29): Glove maker Supermax Corp Bhd posted an annual net loss of RM149.45 million for its financial year ended June 30, 2023 (FY2023), against an annual net profit of RM718.91 million in FY2022, as earnings were weighed by lower sales and average selling price (ASP) for gloves, amid persistent oversupply in the market.

With the latest annual loss of RM149.45 million, it recorded a cumulative loss per share of 5.67 sen, as opposed to a cumulative earnings per share of 27.26 sen in FY2022 previously. Annual revenue was RM821.86 million, down 69.42% from RM2.69 billion previously, the group's filing with Bursa Malaysia showed.

It closed its FY2023 with a quarterly net loss of RM7.17 million for the fourth quarter ended June 30, 2023, marking the group’s third straight loss-making quarter — albeit with net loss narrowing from RM39.92 million in 3QFY2023 and RM108.07 million in 2QFY2023. It recorded a loss per share of 0.27 sen in 4QFY2023, as opposed to an earnings per share of 0.74 sen in 4QFY2022, when the group made a net profit of RM19.53 million.

LLC would be disappointed, you can expect his rant over MBSB again.

Maybank Invest raised PBB target to RM5.05.

Buy, Buy Buy syndicates in what apps and Telegram recommending!!!!

Some truth to what Ramasamy said about Anwar. Is he a chameleon?
Even Anwar plays to the gallery, but the Northern and East Coast Melayus do not support him. His strength as a PM is with the DAP and to some extent Sabah & Sarawak MPs.

Bilis following speculative gurus will be in panic mode soon as the market will turn down and syndicates will move to other counters.

TG and Supermax abang adik. One loaded with money but want to build a "full of pride" plant in the USA knowing it is a losing "fiasco" venture. Another no more money or little money left to defend the baseline price moving downward in the long term and hoping another pandemic at the horizon.

Should have done so if not for the banking crisis surfacing in the states again, estimated unrealised losses on federal long term bonds held by all banks amounted to USD 500 billion really spooked Wall Street.
Hachi Hachi
Will reach at least 4.30 before report is released. My2ct.
53 minutes ago

Overvalued, every year earned a few sen per share, riding on consumer theme now.
AnwarKawKaw
Few hidden gems undervalued in bursa, hold seat belt tightly before spiking up to the moon

12 hours ago

Looks like we need EPF and foreign funds to mop up MBSB before its real value is reflected in the market price

Country Heights: Defaults on RM181m payment for Islamic financing facilities. Country Heights Holdings, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totalling RM181.1m provided by MBSB Bank. Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint. (The Edge)

Could reach the target if the owner permits.
Posted by nicky > 6 hours ago | Report Abuse
PB call buy with target price RM0.59 ?????????? so funny

LKY the late PM of Singapore had warned decades ago that religious influences are likely to push a weak country to adopt values at the expense of other groups within a society.
https://www.facebook.com/watch/?v=936067796948328

SSlee, precisely, culture, religion and the conservative work attitude of a region are difficult to change. That's why the "green party" can even champion less development without voters' backlash.

Popularism that seeks to impose their way of living suggested the voting wave from the East Coast and the Northern part of the peninsular ................ would be misread and mistaken by those thinking that PAS religious morality has nothing to do with it.
In fact, it is the perceived notion that their way of life and their religion is under threat under the Anwar (or DAP) government as always played out by PN. When you kept on repeating a lie people will think it is real eventually.
Quotes from article below,
"Oh juga tidak yakin pemulihan ekonomi akan meningkatkan sokongan Melayu, dengan berkata idea Madani tidak menarik majoriti orang Melayu.
"Sekurang-kurangnya seperti ketika saya ke Kelantan dan Terengganu baru-baru ini,ramai orang Melayu yang mungkin bagi mereka isu sosioekonomi bukan perkara utama.

"Bagi mereka itu adalah cara hidup. Biasanya cara hidup itu berdasarkan pandangan yang konservatif dan agama dan mereka ingin mengekalkannya," katanya lagi."
https://www.malaysiakini.com/news/675601

Kudos, Kedah MB has picked up the most legal civil suits and along the way collected 2 criminal charges for defaming the royal institution. He will be busy fighting off and defending them for the next few years rather than governing Kedah.

Precisely the point, Moo will play the victim of political persecution by the Anwar government because he is leading the opposition. Sympathy will be with him. The Malay support for underdogs has always been recorded since Anwar's reformasi days. Populism not withstanding.

Posted by Sslee > 41 minutes ago | Report Abuse
Moo is just trying to save his own skin from the corruption cases he is charged with in court.

He has nothing to offer except playing up race and religion divisive issue to pull down unity government.

Is it really true that boosting investment & reducing inflation would work against popularism? I doubt so.

"It only provides a temporary syiok sendiri high. People like Liew should look into ways to address the plight of the people such as inflation and boosting investments - not just announcing FDI (foreign direct investment) pledges which does not translate into concrete benefits to the people."

Let us wait and observe how the PHBN-led government is going to resolve the issue of a certain section of voters dissatisfied with them. Anwar has 2 years to do that before another state election is due.
Posted by Starship2 > 3 minutes ago | Report Abuse

I feel in a democratic country we should not overly "demonize" the political choices of certain groups.. The challengue is to convince and win them over... The PM has been in office for less than a year..and being new, I am sure the govt would have taken time to settle in as well. Let us see what he can do... Let us also not overlook the fact the voter turnout was low..So the people who actually voted relative to the population must be very low.... especially in the PN states...Another point, the combined population of the three PH-won states is roughly 10.2 mil while that of the other three is 5.25 mil...Selangor alone has a population of roughly 7.21 mil....Do you see the diparity and the difficulty in making comparisons?

The reason why positive issues based on integrity, transparency and good governance are ignored and voters choose populism instead. We had seen that before during the incarceration of Najib and his court cases, despite their negativity, where his popularity bought Bersatu losses in Malacca & Johor state elections.
However, any pronounced shift in voters' sentiments toward good governance and positive values can only happen if there are significant shifts in what voters perceived as "discriminative values" whether real or not that led them to vote for populism.

“The continued rise of the green wave is an expected push-back against multiracialism and multiculturalism.

“This push-back will continue until the majority of Malaysians learn that ethno-nationalism is dangerous and leads to fragmentation of our society.

“The same issue is faced in many parts of the world as people seek quick answers to problems of inequality and marginalisation,” said Leong.
https://www.thestar.com.my/news/nation/2023/08/14/green-wave-will-lead-to-more-racial-divisions-in-the-nation

Speculative gurus attracting bilis in Whatapp and Telegrams to buy this counter, an opportunity for long-term holders to make a quick exit. Typical buy on rumours and sell on the news. How many will be caught?
Let's explore SEAL,
Rights issue (RI) to a corporate highflyer (so-called) at 26 sen for 69 mill shares and price now at 59 sen & RI money is to be used for solar ventures. SEAL is a lumber company or saw mill with declining turnover and losses for many quarters. Is it really worth 59 sen? Takes another 2 years for a new solar business to really move from ground zero. If the acquisition of an existing solar business has to be bought for a premium from its owners, at this time would have to be at a higher price considering the current energy and oil costs.

0 seconds ago

49 minutes ago

Good strategy though, because glove sectors are not going but down. Those ignorant and gullible would be drawn to buy and those averaging down would be asking for trouble as the depth of the downwards price movement is unknown and estimated by the funds manager which will not account for how much owners of listed gloves companies manipulate their stock price and range movements.

YourQuirkyWays29
@eatcoconut, yeah need to remind myself to take some profits next QR if retail overreacts to the expected green.

12 hours ago

Quarter Result soon. More losses? Hartalega losses lead the way.

Nope not tired of your tirade over MBSB. Is the hot and cold weather getting to you?

Good morning, buying glove counters are like chasing all counters downwards. That's the Endgame.

LLC, I thought you said MBSB is poorly managed, so should the result match Kenanga's expectations? No?

Kenanga has never been right on MBSB all this years, their stock views are as good as trash... whatever that is not in their portfolio will be talk down

52 minutes ago

Exactly, does not make sense for PNB to sell and lower the price of the MBSB shares resulting in unrealised losses.
speakup
Yes flood market provided PNB want to lose money

18 hours ago

I think he is rating a company like a brothel. If the madam customer service is shit, the whole outfit is slutty.
vijay99
everyone no need to see EPS , P/E ratio etc anymore....just call customer service , if anyone pick the call within few seconds thats a good company and lets put all our money in it.

16 minutes ago

As I said earlier Supermax should abandon its intention to set up a plant in USA. Just cut losses and get out and distribute the dividend from the cash horde of RM2.2 billions. Market will adjust the price. In doing so Stanley will still gain the most. It is not a shame to let the company share drop to a penny. The fact is the business is in a downturn and rescue can be done through future rights issues.

Retailed business is no more lucrative post covid so he is selling to the public. Smart exit strategy.
sailang_now
VT owns 46% of 7even Eleven, most probably will ask BJCorp to buy over his shares at inflated price since BJCorp now cash rich from sale of BJEnviro?....
https://www.marketscreener.com/quote/stock/7-ELEVEN-MALAYSIA-HOLDING-20707989/news/Vincent-Tan-Mulls-Selling-7-Eleven-To-Berjaya-Corp-34475202/

18 minutes ago

Well, I would expect EPF & other shareholders to have a strategic plan to improve the performance of MBSB if they are to create value for the company and at the same time collect more shares of MBSB.
henry888
Sure they would push to at least 96.52 cents and acquisitions sure would go through as EPF is holding more than 50% of the shares. There is no any other reasons minorities would reject the deal as their share value would increase. This is my opinions.

Did you read properly it is not cash but the issue of new shares to shareholders of MIDF.
wallstreetrookieNEW
It's not even a merger. It is a cash-only acquisition. RM1.01 billion
MBSB is spending 1 billion Ringgit Malaysia to acquire a dying business. Malaysia is in a technical recession and thus the investment banking/debt capital markets will experience further downside.

Why is the market still pumping MBSB shares when it is a 'cash-only acquistion' which means the company would have to use cash reserve or issue more bonds to pay back the premium.

13 hours ago

Should have an upswing in price?
Bumi Armada says Kraken FPSO operating at 90% of pre-shutdown levels
https://www.thestar.com.my/business/business-news/2023/07/20/bumi-armada-says-kraken-fpso-operating-at-90-of-pre-shutdown-levels

A share of MBSB is issued at 96.52 sen to all holders of MIDF shares for the takeover. This is based on the valuation that is acceptable to both parties. It can be the market value if the price hit 96.52 sen later.
pang72
Offer 96.52c? I can't understand..

MBSB 79c now

1 hour ago

All money gone in no time, 1st Phase already RM1.47 billion? There are another 3 phases how many billion MYR more?
This will be the company’s 18th manufacturing plant worldwide and its first in the US. The new 215-acre manufacturing facility will showcase cutting edge capabilities through expanded use of artificial intelligence and robotic engineering. The facility will be comprised of a total of eight buildings.

Phase one will begin construction sometime in the second quarter of 2022 with glove production expected to start sometime in the second quarter of 2023. The company had earlier announced an investment of US$350 million (RM1.47 billion) on the first of four construction phases.
https://www.thesundaily.my/business/supermax-to-build-advanced-manufacturing-facility-in-texas-BA8983636

0 seconds ago

Depending on Tan Seli/Taikor, he is the main driver on how and when the price of his counter is at any time. Dun worry all will be fried by Tan Seli until penniless. Just watch if glove ASP still has not recovered there will be fewer and fewer people interested in this counter and the price has to give way to the bottom. In the meantime, Taikor, will have to create news once in a while to excite punters to support his counter. So price swings as it moves side way ......
UlarSawa
Wow you garanti 60sen sure can get kah. Many IBs and broking house also TP like you leh. They also never say garanti leh. Only making assumptions it will hit their TP leh. Tapi belum hit lagi leh. After next QR they also will revise their TP again leh. Kesian. Haiyoh. Correct?

0 seconds ag