Highlights
KLSE: YEELEE (5584)       YEE LEE CORP BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.12   0.00 (0.00%)  0.00 - 0.00  0
Analyze this stock with MQ Trader system

Overview

Market Cap: 406 Million
NOSH: 192 Million
Avg Volume (4 weeks):10,833
4 Weeks Range:2.11 - 2.17
4 Weeks Price Volatility (%):
97.70%
52 Weeks Range:1.80 - 2.35
52 Weeks Price Volatility (%):
90.21%
Average Price Target: 2.19
Price Target Upside/Downside: +0.07
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  31-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  28-Aug-2019
T4Q P/E | EY: 11.56  |  8.65%
T4Q DY | Payout %: 1.89%  |  21.82%
T4Q NAPS | P/NAPS: 3.3232  |  0.64
T4Q NP Margin | ROE: 3.15%  |  5.52%

Headlines

Date Subject
08-Aug-2019 [转贴] [YEE LEE CORP BHD:aerosol can业务将逐步提高其销售价格,以恢复其原材料的全部成本增加,同时提高其运营效率,以保持竞争力并恢复其利润率] - James的股票投资James Share Investing
11-Jul-2019 PublicInvest Research Headlines - 11 Jul 2019
08-Jul-2019 大石机构难强制全购/万年船
04-Jul-2019 PublicInvest Research Headlines - 4 Jul 2019
04-Jul-2019 Mplus Market Pulse - 4 Jul 2019
07-Jun-2019 Mplus Market Pulse - 7 Jun 2019
03-Jun-2019 Yee Lee Corporation Berhad - Earnings Hurt by Margin Compression
02-May-2019 Yee Lee Corporation - Crystallising opportunity
02-May-2019 Yee Lee Corporation - Crystallising opportunity
30-Apr-2019 上升股:义利阻力RM2.72
29-Apr-2019 Yee Lee Corporation Berhad - Owners Looking To Privatize
28-Feb-2019 Yee Lee Corporation Bhd - Subtle Quarter
27-Feb-2019 Yee Lee Corporation - Cautious outlook
27-Feb-2019 Yee Lee Corporation - Cautious Outlook
23-Nov-2018 Yee Lee - Challenging business expected ahead
23-Nov-2018 Yee Lee Corporation Berhad - Weak 3Q
23-Nov-2018 Yee Lee Corporation - Challenging Business Expected Ahead
09-Nov-2018 [转贴] [YEE LEE CORP BHD:交易部门将继续专注于利用其强大的分销网络和创新营销活动扩大其现有品牌的市场份额,马来西亚目前的炎热天气预计会增加瓶装水的需求] - James的股票投资James Share Investing
14-Sep-2018 Yee Lee Corporation Berhad - Providing Supply Chain Services to Shell
04-Sep-2018 Yee Lee Corporation Berhad - Slight Increase in Spritzer Stake

Business Background

Yee Lee Corp Bhd is an integrated manufacturer and distributor of packaged foods products. The company operates through four segments. Its Manufacturing segment is involved in the manufacturing of cooking oils, margarine, shortening, corrugated paper cartons, crude palm oil, kernel and general line tin cans. The Trading segment engages in the trade of edible oils and other consumer products. Its Plantation segment comprises of tea and palm oil production. The company’s Other segment includes services related to tourism and investment holding. It operates geographically across Malaysia and Vietnam.
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  9 people like this.
 
Hafid Still can delist. Just that need to wait for one year
09/07/2019 5:57 PM
Hafid KUALA LUMPUR: The privatisation of Yee Lee Corp Bhd did not materialise as the joint offerors, one of whom is the founder, were unable to garner enough acceptance for the voluntary takeover offer at RM2.29 per share (excluding four sen dividend).


The Lim family controlled 116.6 million or 60.86% of Yee Lee shares when the takeover offer was made in late-April.

Under the circumstances, Yee Lee remains listed for now, until Lim and Dymon Asia decide on the next step.

An option the joint offerors may consider is to continue mopping up more shares on the open market to raise their shareholding to 90% and seek the stock exchange’s approval to suspend the trading of the shares.

Once trading is suspended, the chances of minority shareholders taking up the offer will be higher as most investors are not keen to hold non-traded shares.

In fact, the joint offerors are short of only 287,406 Yee Lee shares to suspend the stock.

Still, those shares in hand will only enable the duo to suspend the trading of the shares but not undertake a compulsory acquisition to buy the remaining shares they do not own.

“They (the offerors) may consider an exit offer later at [a] different price, which could be lower, higher or even the same price,” said a corporate finance adviser, noting a fresh offer will not be backdated to the earlier offer.
10/07/2019 2:27 PM
gsi723 To be fair, probably it will re-offer the same price...
10/07/2019 11:02 PM
Hafid Can be lower than previous offer
11/07/2019 5:31 AM
HuatAh8809 OK, give up
11/07/2019 7:31 AM
desmondcsh Sometimes we cannot be greedy. Good price then must take. Now the owner angry liao. Haiz. Any idea when he will do another offer?
11/07/2019 7:45 AM
Tomatoman79 they play with your emotion to let u sell. if the offer is not fair, then hold. let them be the one who suffer cannot take the business
11/07/2019 9:16 AM
audrey74 We r not greedy. We r making lose.
11/07/2019 9:46 AM
yhwong why my comment disappeared? some one removed my comment?
11/07/2019 9:59 AM
Tomatoman79 only u can delete your comment. LOL
11/07/2019 10:01 AM
yhwong no, my comments really disappeared leh
11/07/2019 10:07 AM
yhwong I typed again just now, split into multiple messages, still it disappear. trust me.
11/07/2019 10:07 AM
yhwong No one protect the public, like that I might as well put my money into FD, let the bank loan my money to those f**cker and collect interest from them? Yet I don't have to bear their lossing in any case.
11/07/2019 10:09 AM
yhwong ok. i can't put any f**cker or s**cker words
11/07/2019 10:09 AM
yhwong Those blood s*ckers are happy to public list their company, to "loan" money from public to expand their business. When make loss, the public have to bear it together, but when making profit, those blood s**ckers wanna grab all the earnings. They are more then happy to public list their company, instead of getting loan from bank, because they can easily bully the public, but can never bully the bank.
11/07/2019 10:26 AM
desmondcsh aiya, in this world no one is kind enough to give free money la.
11/07/2019 1:50 PM
drt6398 Are the joint offerers selling to each other to lower down the price? Or there’s a third party selling to them as in those fund managers?
11/07/2019 1:54 PM
Hafid most after a year will have new offer.
11/07/2019 4:22 PM
Hafid still can play spritzer. same shareholder
11/07/2019 4:22 PM
Hafid PPB & EPF not so stupid to dump at below price. if really that stupid than better change the investment team.
11/07/2019 4:23 PM
Hafid there need to stand for the everybody interest.
11/07/2019 4:24 PM
yhwong desmondcsh, ya this world no one is kind to give free money. But who is greedy? you seems mentioned that we can't be greedy? Which party kena bully? The owner or the public? you are on which site actually, I wonder. haha.
12/07/2019 9:20 AM
PotentialGhost Sell la idiot local trader , everyday sell in bursa so like to sell , why don't you just sell ?
12/07/2019 11:49 AM
stockraider These fund manager are not so smart, already proven mah...!!

Posted by Hafid > Jul 11, 2019 4:23 PM | Report Abuse

PPB & EPF not so stupid to dump at below price. if really that stupid than better change the investment team.


Hafid
411 posts
Posted by Hafid > Jul 11, 2019 4:24 PM | Report Abuse

there need to stand for the everybody interest.
12/07/2019 12:42 PM
drt6398 We further wish to inform that Bursa Securities had vide its letter dated 10 July 2019 (which was received on 11 July 2019), granted the Company an extension of time of 6 months until 4 January 2020, to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements ("Public Spread Requirement").

Meaning the public has to hold more than 20% by 4/1/2020 to maintain the listing status?am I correct?
12/07/2019 1:23 PM
investlogic For every minority shareholders, we can protest by vote against every resolutions from now on. It may not have much impact for normal resolutions; however, for related party transaction, which major shareholder cannot vote, will be significant! I understand few minority planning to do so, me too, i will do so to protest, unless major shareholder revise the price to a more reasonable level.
16/07/2019 4:46 PM
wunyoong22 How to do it, can you share the method? We need to unite together
16/07/2019 4:50 PM
investlogic Simple, wait for next AGM / EGM, when the circular send to you (or you download from bursa announcement), fill up the proxy form to vote against all resolution. This can send them a clear message.

In worse case scenario, even after our struggle failed, it is delisted and became private company, based on company law, they still need to send shareholders the AGM ang EGM notice, allowing us to vote accordingly.
16/07/2019 6:00 PM
audrey74 No transaction
22/07/2019 10:36 AM
Hafid Buy and own 10%. Than you can have say
22/07/2019 12:52 PM
Hafid if there is a group of opportunists behind who collectively own more than 10% stake and they refuse to sell, it would be difficult for the joint offerors to accumulate shares on the open market. As a result, they might be forced to raise the off er price.
22/07/2019 12:54 PM
Hafid the family want to take the company private, but I
don’t think they have to do it urgently. So there have time for it.
22/07/2019 12:55 PM
Hafid assuming that there is a group of opportunists trying to
block the privatisation, we need to know where is the fund from. Another option is to apply for voluntary delisting, which has to be approved by a majority of shareholders, in number, representing 75%shareholding present and voting either in person or by proxy at
the meeting called for, but not more than 10% objection, according to its circular to shareholders. More-over, a reasonable exit offer must be made to minority shareholder
22/07/2019 12:59 PM
Hafid Yee Lee’s all-time high share price was at RM2.72 on May 11, 2017. Shareholders could be looking at getting an off er about this price level or higher.
Notably, shares in Yee Lee spiked to RM2.29 on April 29 when the VGO was made from RM1.91 in the previous trading day. That said, Ee Young sees little
reason to launch a fresh off er at a
higher price. “I don’t think that will be our
consideration. As it is, our share price didn’t go up, it has gone down. I don’t really see a need to raise
price. But again, I cannot rule that out completely. We have to discuss with our partner,” he said.
Another option is to make a new offer instantly, but it has to be at the same price. Not many people are
aware of such an option. For the option, the joint off erors will have to take two things into
consideration. First, if they make a new offer, even at the same price, they have to pay adviser’s fee again, which is not cheap. Secondly, how likely that the minorities would accept the off er that they have rejected not that long ago?
By the same token, there could be some shareholders who regretted not having accepted the off er. If
given a second chance, they might The joint off erors may consider to continue mopping up shares on the open market to raise their shareholding to 90% and request for voluntary suspension of trading In the company’s shares (but they cannot request for delisting as they need to obtain the 90% sharehold-
ing from general off er).Once trading is suspended, the chances of minority shareholders accepting the offer will tend to be higher as most investors are not
keen to hold non-traded shares.Indeed, the regulator will suspend the trading of Yee Lee shares under
the listing rules if the public spread requirement persistently not met.However, there might not be
many shares on the open market for the off erors to buy. Th ere were only 456,600 Yee Lee shares changing hands for the whole of last week.
22/07/2019 1:11 PM
investlogic SGX recently amend the rules to make Privatizing Rules to be more fair to Independent / Minority shareholders in privatization case:

(1) The offer price must be BOTH "Fair" and "Reasonable"

(2) To vote for delisting the company, the interested Joint Offerors cannot vote, it will need 75% yes from the independent shareholders.

I praise SGX's speed and bold actions in patching cracks in their old rules. With this rules, i think major shareholders can no longer so easy to take minority shareholders advantages, and it is much more fair now.

If Bursa follow this amendment, then we will be more protected!

We should all complaint and feedback to Bursa, asking them to follow SGX, it is obvious that the current privatization rules and delisting rules, is very weak and often being abused by major shareholders.

If Bursa eventually choose to stick back to their old defective rules, we should all just more our investment to SGX, which has a more complete and fairer playing ground.
22/07/2019 4:07 PM
investlogic Thumbs up for SGX!!!
22/07/2019 4:10 PM
audrey74 No transaction
23/07/2019 10:07 AM
audrey74 Please let you know, the reason why we are not selling is because we r still making loss. Don't talk about making money yet. We r not greedy...however as a business man like you...r you keen to do money losing biz?
23/07/2019 10:12 AM
wunyoong22 I think we stuck here.
23/07/2019 11:25 AM
audrey74 wunyoong22 Not really..if they keen and sincere..they offer us a good price...No hurry
...this is a good counter, no harm holding on
23/07/2019 6:10 PM
wunyoong22 I think nrxt quarter result will improve a lot due to the privatization. They purposely make previous quater results poor
23/07/2019 7:16 PM
investlogic As an investor and businessman, why am i not selling?

First, i am not selling a dollar worth of things for 50 cents, in loss! And, i don't like to get bullied.

Secondly, even eventually the company being taken private, i am ok with holding private company shares. The Lim family together with Dymon Equity Private Equity Fund, taking the company private for reasons. My bet is they will do some big exercises, then relist the company in future with a much higher valuation.

This is no secret, a lot of major shareholders had been doing so, delist the company with cheap valuation, then relist it with very expensive valuation, examples are Magnum, Astro, Leong Hup, Titan Chemical, and many others. Often, they pay out excess cash as dividends very soon after controlling 100%. Sometimes i seriously not understand why Bursa and SC can just sit there and watch this types of unfair event happen and happen again, so unfair to retail investors.

Finally, being shareholders of private companies, if they dare to oppress minority shareholders, we can still fight them using company law, take them to court, or go to press. We can drag on forever with them if they make unreasonable transactions, this can be detriment for their plans, and i don't think they want this.
24/07/2019 3:30 PM
audrey74 Very simple..they offer us reasonable price. Then we go
24/07/2019 6:13 PM
Hafid 2.18 - 6% yield
25/07/2019 12:01 PM
audrey74 Since already make so much losses...we keep the stock then
06/08/2019 8:30 PM
audrey74 No transaction
07/08/2019 9:42 AM
James Ng https://klse.i3investor.com/blogs/general/218667.jsp
[转贴] [YEE LEE CORP BHD:aerosol can业务将逐步提高其销售价格,以恢复其原材料的全部成本增加,同时提高其运营效率,以保持竞争力并恢复其利润率] - James的股票投资James Share Investing
08/08/2019 10:56 AM
audrey74 At this moment, no one dare to buy. And those small holders who lose money..not willing to sell.
09/08/2019 8:00 PM
stockraider The key strategy is hold & wait mah....!!

Posted by audrey74 > Aug 9, 2019 8:00 PM | Report Abuse

At this moment, no one dare to buy. And those small holders who lose money..not willing to sell.
09/08/2019 8:11 PM
audrey74 The rest dun sell lah...wait for good offer. If u sell, u will lose a lot later.
14/08/2019 12:29 PM


 

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