CLASH OF THE TITANS,
minorities shareholders hold tight to your position,
the tussle is on.

Already have some b4 year end and waiting to accumulate more
Good luck

KUALA LUMPUR: Integrax Bhd ( Financial Dashboard) co-founder and major shareholder Amin Halim Rasip acquired an additional 1.03 million shares or a 0.34% stake in the company through open market transactions yesterday.

He now holds a total of 69.65 million shares or 23.15% of Integrax (fundamental: 1.65; valuation: 0.6), the company’s filing showed. The prices he paid for each share ranged between RM2.74 and RM2.80, marginally higher than the RM2.75 offer price from Tenaga National Bhd (TNB) ( Financial Dashboard).

Integrax was traded between RM2.73 and RM2.84 yesterday before closing at RM2.77, gaining three. Some 1.68 million shares were traded, with Amin’s purchases accounting for 61.2% of their traded volume.

In The Edge Financial Daily report yesterday, Amin said Integrax’s shares should be worth RM5 apiece and RM10 in three years. He has rejected TNB’s RM2.75 offer price and has even urged minority shareholders to hold on to their shares, even though TNB’s offer was at a 22% premium to the stock’s traded price before it made the offer a week ago.

“All I can say is shareholders can expect higher returns in [the near] future,” he was quoted as saying.


The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.





This article first appeared in The Edge Financial Daily, on January 23, 2015.

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Integrax’s Amin to consider TNB offer at RM5

Minority shareholders should support Amin Rasip for better price
Intergrax owns the deepest port in Malaysia
D

KUALA LUMPUR: Integrax Bhd ( Financial Dashboard) co-founder and major shareholder Amin Halim Rasip acquired an additional 1.03 million shares or a 0.34% stake in the company through open market transactions yesterday.

He now holds a total of 69.65 million shares or 23.15% of Integrax (fundamental: 1.65; valuation: 0.6), the company’s filing showed. The prices he paid for each share ranged between RM2.74 and RM2.80, marginally higher than the RM2.75 offer price from Tenaga National Bhd (TNB) ( Financial Dashboard).

Integrax was traded between RM2.73 and RM2.84 yesterday before closing at RM2.77, gaining three. Some 1.68 million shares were traded, with Amin’s purchases accounting for 61.2% of their traded volume.

In The Edge Financial Daily report yesterday, Amin said Integrax’s shares should be worth RM5 apiece and RM10 in three years. He has rejected TNB’s RM2.75 offer price and has even urged minority shareholders to hold on to their shares, even though TNB’s offer was at a 22% premium to the stock’s traded price before it made the offer a week ago.

“All I can say is shareholders can expect higher returns in [the near] future,” he was quoted as saying.


The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.





This article first appeared in The Edge Financial Daily, on January 23, 2015.

Log in to post comments.




















Most Viewed





Saudi Arabia’s new king seen sticking with oil production policy


Nikkei rises to near 3-week high after ECB's stimulus plan


S.Korean shares climb to 4-week high on ECB stimulus; won firmer


Australia shares hit 10-week high, ECB stimulus buoys demand


Chinese manufacturing picks up, lifted by stimulus measures




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Integrax’s Amin to consider TNB offer at RM5

Amin Rasip bought another 1.3 m. shares at 2.80 , he will cont. to top up.
GOOD luck investors

Intergrax value far more READ


KUALA LUMPUR (Jan 22): Port operator Integrax Bhd ( Financial Dashboard) rose 2.2% to its intraday high after The Edge Financial Daily (Edge FD) reported today major shareholder Amin Halim Rasip would not give up his Integrax stake unless Tenaga Nasional Bhd ( Financial Dashboard) revises its take-over offer price higher.

Integrax (fundamental: 1.65; valuation: 0.6) rose six sen to reach RM2.80 at 12:30pm, higher than the RM2.75 a share offer by state-controlled utility Tenaga (fundamental: 1.3; valuation: 1).

For comparison, the FBM KLCI rose 9.88 points or 0.6% to settle at 1,779.97.

Shares of Integrax, which has a market capitalisation of RM842.3 million, had gained 23% this year, outperforming the KLCI's 1% advance.

Tenaga owns 22.12% in Integrax while Amin's combined direct and indirect stake in Integrax comes to 22.81%.

Edge FD reported that Amin would consider Tenaga's offer for Integrax at a minimum of RM5 a share. He said Integrax's share price could reach as high as RM10 in five years.

Last Friday (Jan 16), Amin issued a statement declining Tenaga offer. He also announced to Bursa Malaysia on the same day his intention to deal in Integrax shares during the closed period.

Amin believes minority shareholders should not cash out their Integrax shares under pressure just for a quick buck, but should instead hold on for the long term for a much higher value.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)



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Amin Rasip says he will consider go after Rm 5.00 THE EDGE

There are plenty of stocks to buy why waste your money on a Disable group.

RM 6.73

Not really a trap, is still too early,
may have more strength.

Some big fish already cornered this counter, hold on to our position.

Price moving up again ,to sell or wait?

Btech testing high again,show next week

Handal coming

Hi Calvin, good to see you here,write more about Muda and maybe Yongtai Bhd

Muda 2.40

What news is coming , can share? thanks

Yongtai price has been going down.be carefull

Yongtai bhd is heading back to where is begin

Yongtai bhd is heading back to where i start

Patimas will relist again , is matter of time.

Private placement of 30m.shares at 0.11cts.
completed .

XOX's ada VOOPEE sama sama dengan Whatsapp

Hold tight more to come

Tan ZC agreed , hold and tambah

Buy for rebound

Am holding too, may tambah.
Thanks Tan zc

What is next for muda , buy sell or hold?

How to obtain the second chance????

Can push further KNM-W

Muda going for another round ,
Good financial result to announce soon

The Q cost me 105k, hopefully the timing is right???

QQQ dapat at .07 before closing,
Shark sell few million shares,
maybe signal to go..

Date fix for AGM 18-03-2014

Some one buy Muda at a very very steep discount,
You be a super lie............,
Muda was price at .70 to .085 since many years ago

Can some sifu comment please,
Is it time to sell now?

Some one like the Warrant

Am off the boat at.025

Good luck traders

Some comments;
If a person laughs too much,
even at stupid things, he is lonely deep inside....
If a person sleeps a lot, he is sad...
If some one think he knows a lot, he actually know NUTS


Keep quiet for now

Now the breakout is formed, should move towards new high.
Good luck to Zelan

Zellan moving

I am off the boat

TMS ta boleh tahan seeing all others counter jumping

Intra day correction over, heading north again

Muda slowly growing to Dewasa......still a lot to grow

Tan Ze Chien , you mean at NTA price about 1.94.

Still can move higher,

Price very steady in the morning, can sustain or not?