KLSE (MYR): SCGM (7247)
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Last Price
0.63
Today's Change
+0.005 (0.80%)
Day's Change
0.62 - 0.63
Trading Volume
197,400
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Coconut demand in China https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/
2 months ago
They are waiting for approval from the securities commission.
xiaoeh
Just to follow up
any development for SCGM?
19 minutes ago
2 months ago
In the event that nothing materialised, SCGM will distribute NTA 0.62 back to its shareholders. So, that is the safety line.
2 months ago
@Just88, The business looks and sounds exciting. Not sure the management team though. From plastic packaging to F+B, I will be following them thru since my holding costs is zero anyway.
2 months ago
Brutus, the F&B owners will be the new bosses of SCGM. So, no worries about managing the new businesses.
2 months ago
It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.
2 months ago
@Just88, I think that was the whole idea The Lee Family keep SCGM listed. Besides cashing out via capital repayment, they also sold their shares to the new owners at a premium. Should be an exciting new beginning for SCGM (likely to be renamed) shareholders.
2 months ago
Yes, successful injection of coconut business into SCGM will be a windfall for the existing shareholders. Given the information I have, it is already at the stage of seeking SC approval. The new controlling shareholders will ensure the successful listing of their coconut business. Delisting of SCGM will results in losses to them.
2 months ago
https://www.irplus.in.th/Listed/COCOCO/en/news-set-announcement/2024/2/7169917
Thai Coconut public company earnings for Yr 2023 improves 43% over Yr 2022
2 months ago
anyone knows what is the net profit of the Eramas Group? Thai Coconut Public Company should be the correct comparable and they trade at around 23-24x PE.
1 month ago
you should know that the latest qtr results of Thai coconut public company increased by 75%
1 month ago
The size of the worldwide Coconut market achieved USD 18510.92 Million in the year 2022. Anticipated expansion at a Compound Annual Growth Rate (CAGR) of 13.56%. The global Coconut market is projected to attain the valuation of USD 39703.85 Million throughout the forecast period.
1 month ago
SC stipulates that the applicant needs to have an uninterrupted profit of three to five full financial years, with an aggregate after-tax profit of at least RM20 million as well as an after-tax profit of at least RM6 million in the most recent financial year.
1 month ago
I expect the definite agreement to be signed soon as the proposal has to be submitted to the SC before end of June. Otherwise, the proposal needs to be recomputed base on quarterly report ended 30 June 2024.
1 month ago
Thai coconut public company was listed in Sept 2023 at 5.50 baht and the share price has already doubled.
1 month ago
thanks for your sharing Just88...
i'm very kiasi and may wait a bit lower and consider...
1 month ago
I see. Kinda missed out this news 😅 https://www.thestar.com.my/business/business-news/2024/03/20/scgm-to-acquire-eramas-global-to-regularise-cash-company-status
1 month ago
Just88, thank you for sharing , I just bought in at 0.645 . Please update for any new information .
1 month ago
Just88
https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT
2 months ago