KLSE: BRDB (1473)       BANDAR RAYA DEVELOPMENTS BHD Main Market : Property
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 0 Million
NOSH: 489 Million
Avg Volume (4 weeks):0
Average Price Target: 2.57
Price Target Upside/Downside: +2.57

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2012 [#2]  |  27-Aug-2012
Next QR | Est. Ann. Date: 30-Sep-2012  |  22-Nov-2012
T4Q P/E | EY: 0.00  |  0.00%
T4Q DY | Payout %: 0.00%  |  42.87%
T4Q NAPS | P/NAPS: 3.72  |  0.00
T4Q NP Margin | ROE: 12.59%  |  4.70%


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Business Background

Bandar Raya Developments Berhad (BRDB) is engaged in investment holding, property development, property investment and provision of management services. The Company, through its subsidiaries, operates in three segments: property, which includes property development, property investment and property management, such as management and operation of shopping complexes, a golf course and sports complex; manufacturing, which includes manufacturing and sales of wood based products, and construction, which includes the construction of residential and commercial properties. The Company's subsidiaries include Aliran D anau Sdn. Bhd., Ambangan Assets Sdn. Bhd., Ardent Heights Sdn. Bhd. and BRDB (International) Limited. On January 7, 2011, the Company acquired Nexus Flame Sdn Bhd (Nexus Flame) making it a wholly owned subsidiary of the Company. On February 21, 2011, the Company incorporated a wholly owned subsidiary, BRDB (S) Pte. Ltd. (BRDBS).
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  erkongseng likes this.
jjhsn Ambang Sejati offer RM2.9 per share, any comment on this?can go for it ?
31/07/2012 7:27 AM
Maliki BAR indicative value....
06/08/2012 12:05 PM
1M168 it wont revise the current offer price .. share price alr reflect the value.
06/08/2012 12:08 PM
grss If Ambang Sejati is buying out the whole company at 2.90, why hasn't the current price reflect the offer of 2.90? Same goes to BRDB WA, yet to reach 1.90. Any one wonders why?
06/08/2012 9:10 PM
KC Loh because when you wanna take something off someone, you pay a premium to its FV. Who wants to sell their company to you at FV when they are losing potential future earnings?

as noted: In a note today AmResearch said the takeover deal which involves a total consideration of about RM1.2 billion, will provide a 21 per cent upside to its fair value of RM2.40 per share and 22 per cent discount to an estimated fully-diluted net asset value (NAV) of RM3.70 per share.
06/08/2012 9:15 PM
grss KC Loh, thanks for your explanation. But I am still unclear about one point. 21% upside to FV is 2.90. But y this stock not valued at 2.90 at market price yet? Usually stocks prices go up to takeover price when it's acquisition target. But this stock seems to be sleeping n lack interest from market. Any idea why it's like that?
13/08/2012 7:40 AM
KC Loh You are proposing high price chasing higher price theory!

Sometimes its a question about timing. Sometimes its a question of S&P between two interested parties vs the evaluation of millions since the company is on its way being privatized. Punters will go in hoping to gain the extra few sens usually! That causes the rise. With the high price theory, the quedtion of will it subsequently rise or not, now depends on the goreng skill of the punters then! Most analysts in this case also becomes cheerleaders because of market buzz and business it subsequently entails!

My 2 sens
13/08/2012 7:58 AM
andy118 Grss, I think the price will not be near to the offer price of RM2.90 because (1) there is no likelyhood that the offer will be raised
hence (2) there is a risk that offer price maybe lowered (like Eng Tegnology's case) as the offer is still pending (3) waiting time (who would pay you RM2.90 now and wait say one month later to get back RM2.90)
(4) some buying cost involved like brokerage, stamp duty. So when the offer is firm the price will be nearer to or at RM2.90. Just my 2 sens. hope it is what you are looking for. Good luck.
13/08/2012 8:39 AM
Ahjib i would personally buy and hold BRDB, still a very cheap and attractive counter, fundamentally!
14/08/2012 9:58 PM
grss Proposed disposal of certain assets (Proposed Disposal)
On 5 September 2011, the board of Directors of the Company received an offer from the Company’s major shareholder,
Ambang Sehati Sdn. Bhd. (Ambang Sehati) to acquire collectively the following assets (Assets) from the Group:
CapSquare Retail Centre;
Permas Jusco Mall; and
100% equity interest in BR Property Holdings Sdn. Bhd. which owns The Bangsar Shopping Centre and Menara
On 19 September 2011, the Directors of the Company agreed to the disposal of the Assets to Ambang Sehati for a total
cash consideration of RM430 million. In addition, the Company proposed to distribute part of the disposal proceeds to
the ordinary shareholders of the Company via a net cash dividend of RM0.80 per ordinary share.
On 26 September 2011, the Company and Ambang Sehati mutually agreed to cease all negotiations and for the
Company to undertake the Proposed Disposal by way of a tender exercise, whereby Ambang Sehati would be invited to
participate in the tender.
On 22 November 2011, the Directors of the Company decided that in view of Ambang Sehati’s expressed intention to
explore the possibility of increasing its stake in the Company via various means which may or may not result in a
general offer, the tender exercise in respect of the Proposed Disposal would be deferred to the first quarter of 2012.
On 27 March 2012, the Directors of the Company decided to proceed with the Proposed Disposal via tender.
23/08/2012 9:25 AM
danielttoob Trailing events likely will be deferred as both decision maker is same person...correct me if im wrong
23/08/2012 11:33 AM
grss yup..from takeover proposal become open tender.. dono what theyre are trying to do.. but im monitoring this stock, though not yet buy any stock yet..if it drop to 2.30 level,i may enter.
23/08/2012 10:44 PM
jc_ooi Hi, might to ask as this stock is already de-listed and my friend still holding the stock. Now, is the Ambang Sejati will return money automatically to ex-share holder?
01/11/2012 6:04 PM

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