Highlights
Social Forum >> Forum Thread
Last Price Today's Change   Day's Range   Trading Volume
3.08   -0.01 (0.32%)  3.08 - 3.09  171,800
671 comment(s). Last comment by Ammar Roshidy at Dec 26, 2020 8:58 AM
Like
 3 people like this.
 
 Post Reply   Back  
Page < 5 6 7 8 9 10 11 12 13 14

Hush77
1120 posts

Posted by Hush77 > Oct 21, 2020 12:51 PM | Report Abuse

The NTA 1.89.. if below 1.80 who want to sell? :)


sonichead
52 posts

Posted by sonichead > Oct 21, 2020 10:33 PM | Report Abuse

Current price of RM1.80 means their market cap is only RM302mil, too cheap for any acquirer to acquire this company because if we look at its peer, Luxchem, its market cap is RM824mil!! And if im not mistaken, CCM is much bigger than luxchem in terms of capacity..


Hush77
1120 posts

Posted by Hush77 > Oct 22, 2020 11:00 AM | Report Abuse

according to bloomberg the first round of bidding close last friday.. hopefully got a good offer for PNB, and rest of the shareholders


gg_gal
58 posts

Posted by gg_gal > Oct 22, 2020 11:43 AM | Report Abuse

haha why say that. you buy at 1.9 ah ?


Seeyounoup
990 posts

Posted by Seeyounoup > Oct 22, 2020 3:28 PM | Report Abuse

buy back now. to cover the lost .


Seeyounoup
990 posts

Posted by Seeyounoup > Oct 22, 2020 4:12 PM | Report Abuse

either u siam , or u average down , or stay penthouse. not a doom day . LOL


Hush77
1120 posts

Posted by Hush77 > Oct 22, 2020 4:19 PM | Report Abuse

just wait for the offer...which should know real soon...
usually bloomberg source is very reliable....
moreover their NTA is 1.89.. offer should be higher than that at least..for PNB to sell..


Seeyounoup
990 posts

Posted by Seeyounoup > Oct 22, 2020 6:19 PM | Report Abuse

maybe 2.5


tmore1
17 posts

Posted by tmore1 > Oct 23, 2020 4:21 PM | Report Abuse

heard > 2.50. possibly by month end


ilovekl
152 posts

Posted by ilovekl > Oct 23, 2020 5:04 PM | Report Abuse

Abah just declared emergency.... don’t go chasing waterfall


Hush77
1120 posts

Posted by Hush77 > Oct 23, 2020 5:19 PM | Report Abuse

wait for the general offer.. which should be soon.
dont contra or if u cant pickup, dont buy...those with holding power only... :)


Seeyounoup
990 posts

Posted by Seeyounoup > Oct 27, 2020 10:35 AM | Report Abuse

nice


JustinLong
118 posts

Posted by JustinLong > Oct 27, 2020 11:06 AM | Report Abuse

Net Assets of 1.89 per share as of latest quarter report. Would expect PNB to accept offer price no less than RM1.89 per share from the buyer. Buyer required to offer GO so to keep the listing status, market price would rally past the offer price to fail the GO.

Plus, CCM's products used by glove co so it would not surprise me if the big glove co bid for CCM from PNB. Imagine if a few of the top glove co bid for CCM, RM2.50 to 2.60 possible.


tmore1
17 posts

Posted by tmore1 > Oct 27, 2020 6:34 PM | Report Abuse

that is exactly right bullrun. Meaning there is an opportunity for us now to accumulate. When the news is official and likely to, the share price will shoot up to the offer price and there will be no time to buy......


Solomon7
253 posts

Posted by Solomon7 > Oct 28, 2020 8:43 PM | Report Abuse

Very interesting comment Bullrun18.


Topoftheworld
3 posts

Posted by Topoftheworld > Oct 29, 2020 10:38 AM | Report Abuse

Heard many bidder fighting for this CCM !


ilovekl
152 posts

Posted by ilovekl > Oct 30, 2020 12:37 PM | Report Abuse

Who do contra or force sell? Well you can’t buy back previous price already. If want to buy back, please sapu all 1.9x


tmore1
17 posts

Posted by tmore1 > Oct 30, 2020 4:06 PM | Report Abuse

KLCI is down 2% today, many are down, CCM is up 4%. Clearly something is positively brewing


Topoftheworld
3 posts

Posted by Topoftheworld > Oct 31, 2020 4:35 PM | Report Abuse

Very interesting games let every one guessing the take over price it can be above the NTA 50% < 60% or even higher 70% !!!


tmore1
17 posts

Posted by tmore1 > Nov 2, 2020 9:21 AM | Report Abuse

Up 10% this morning, more to come...


Hush77
1120 posts

Posted by Hush77 > Nov 2, 2020 9:31 AM | Report Abuse

seems like news is coming out soon.. the bidding already few weeks ago


Hush77
1120 posts

Posted by Hush77 > Nov 2, 2020 9:36 AM | Report Abuse

hopefully got a tussle between some big companies dealing with glove chemical or glove....
so PNB can get a good offer, and then they will need to make mandatory offer to rest of the shareholders.


tmore1
17 posts

Posted by tmore1 > Nov 2, 2020 9:40 AM | Report Abuse

sounds likely Hush. CCM is tiny as a percentage of any of the glovemakers' market cap.


tmore1
17 posts

Posted by tmore1 > Nov 2, 2020 9:41 AM | Report Abuse

and CCM is probably majority supplier of the chemicals to glovemakers. A takeover by Top Glove is not so good for the other big 3. A takeover fight is possible.


Hush77
1120 posts

Posted by Hush77 > Nov 2, 2020 10:44 AM | Report Abuse

if ~1.5x NTA , then potential offer price = $3...


yiqqre
706 posts

Posted by yiqqre > Nov 2, 2020 12:03 PM | Report Abuse

MCEHLDG (7004), another company that will be taken over.


Hush77
1120 posts

Posted by Hush77 > Nov 2, 2020 2:14 PM | Report Abuse

the key thing about this stock is "patience".....


tmore1
17 posts

Posted by tmore1 > Nov 2, 2020 6:12 PM | Report Abuse

Question now is the control premium that buyer is willing to pay. PNB's stake sale is a controlling stake, usually a control premium above NTA is the practice.

Control premium here ranges frm 20-70% above NTA.
https://corporatefinanceinstitute.com/resources/knowledge/deals/control-premium/


dp_pupi
42 posts

Posted by dp_pupi > Nov 2, 2020 7:30 PM | Report Abuse

Good that CCM is slowly picking up. Hope it will reach 2.60!


kiongnkiong
23 posts

Posted by kiongnkiong > Nov 3, 2020 3:46 PM | Report Abuse

no more power to go up


Hush77
1120 posts

Posted by Hush77 > Nov 3, 2020 4:09 PM | Report Abuse

this counter its about "patience"...


kelvin17
507 posts

Posted by kelvin17 > Nov 3, 2020 4:10 PM | Report Abuse

yesterday moved too fast , today rest and maintain well . tomorrow uptrend again ...


Hush77
1120 posts

Posted by Hush77 > Nov 3, 2020 4:20 PM | Report Abuse

the key is "patience".. if u cant have patience , better stay out


Hush77
1120 posts

Posted by Hush77 > Nov 3, 2020 5:36 PM | Report Abuse

this counter the key is "patience"..
it will test your mind.. haha


tmore1
17 posts

Posted by tmore1 > Nov 3, 2020 5:46 PM | Report Abuse

does not get clearer than this

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102169


kelvin17
507 posts

Posted by kelvin17 > Nov 3, 2020 6:54 PM | Report Abuse

it is going to be a good news since he is going to acquire ccm shares from the market indirectly pushing the price higher


kelvin17
507 posts

Posted by kelvin17 > Nov 3, 2020 6:55 PM | Report Abuse

currently he is not holding any share so he can only buy can not sell


Hush77
1120 posts

Posted by Hush77 > Nov 3, 2020 9:21 PM | Report Abuse

Yes... "his intention to acquire the Company's shares  during closed period"....
Something is on ...

Again "patience" is the key...


dp_pupi
42 posts

Posted by dp_pupi > Nov 4, 2020 12:56 AM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102169

What will happen if someone bought X amount of shares? Will it increase CCM share price today??


Topoftheworld
3 posts

Posted by Topoftheworld > Nov 4, 2020 8:08 PM | Report Abuse

Consolidated !!!


TMT888
5 posts

Posted by TMT888 > Nov 6, 2020 4:19 PM | Report Abuse

Announcement soon?


tmore1
17 posts

Posted by tmore1 > Nov 6, 2020 6:09 PM | Report Abuse

for those paying attention, the recent bursa announcement seem to have a strongly positive hint on what is likely to happen in the short term


money1234
2 posts

Posted by money1234 > Nov 12, 2020 3:59 PM | Report Abuse

tomorrow no announcement, all masuk ambulance


money1234
2 posts

Posted by money1234 > Nov 12, 2020 3:59 PM | Report Abuse

looking at it, the surge is not there. leaving first. chao


tmore1
17 posts

Posted by tmore1 > Nov 12, 2020 4:08 PM | Report Abuse

whether announcement is tmr or end Nov, it does not matter as much as the CEO on the chemical side (Mukri bin Harun) buying at RM2.26-2.28 after the share price has rallied so much in the month. For those with at least half a brain, should know this is an obvious positive sign

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3104015

https://www.ccmberhad.com/leadership.php#management-team


Lich
411 posts

Posted by Lich > Nov 12, 2020 4:22 PM | Report Abuse

false alarm.


Lich
411 posts

Posted by Lich > Nov 13, 2020 10:36 AM | Report Abuse

Happy Diwali...have a nice weekend.


ilovekl
152 posts

Posted by ilovekl > Nov 13, 2020 3:27 PM | Report Abuse

What announcement?


TMT888
5 posts

Posted by TMT888 > Nov 13, 2020 3:32 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/753193


ilovekl
152 posts

Posted by ilovekl > Nov 13, 2020 4:05 PM | Report Abuse

So now Wht the story? Loan approved? Morning glory still?

 Post Reply   Back  
Page < 5 6 7 8 9 10 11 12 13 14
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

457  490  616  543 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PRG 0.285+0.055 
 PNEPCB 0.42-0.08 
 XOX 0.105-0.005 
 AT 0.185+0.01 
 SEALINK 0.18+0.015 
 GPA 0.125+0.015 
 IRIS 0.405-0.01 
 JCY 0.515-0.07 
 MTRONIC 0.105+0.005 
 ASIAPLY 0.30+0.03 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Evidence that prove JP Morgan's Jeffrey Ng analyst report on Glove is irresponsible and materially full with unreliable data GillianTan Reviews
2. UNISEM (5005) - Super Powerful Technology Counter Bursa Malaysia Free Trading Education
3. Gloves - Some Significant Problems with JP Morgan's Report Trying to Make Sense Bursa Investments
4. AT Glove (0072) - Second glove factory (Step 5) Rubber Glove companies till year 2023
5. Daily technical highlights – (OCK, TGUAN) Kenanga Research & Investment
6. 1% left of Topglove shares to be shorted by JP Morgan and their foreign associates. Don't let foreign investors fool you to sell GillianTan Reviews
7. Gloves Market Revenue - CAGR 13% during period 2021-2026 Rubber Glove companies till year 2023
8. Traders Brief - Positive undertone to drive KLCI towards 1650-1668 levels after breaking above 1618 barriers HLBank Research Highlights
PARTNERS & BROKERS