Highlights
KLSE: MAA (1198)       MAA GROUP BHD MAIN : Finance
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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Financials


Market Cap: 201 Million

Market Cap 201 Million
NOSH 274 Million

Latest Audited Result:  31-Dec-2020

Latest Audited Result: 31-Dec-2020
Announcement Date 30-Apr-2021
Next Audited Result: 31-Dec-2021
Est. Ann. Date: 30-Apr-2022
Est. Ann. Due Date: 29-Jun-2022

Latest Quarter:  31-Mar-2021 [#1]

Latest Quarter: 31-Mar-2021 [#1]
Announcement Date 31-May-2021
Next Quarter: 30-Jun-2021
Est. Ann. Date: 25-Aug-2021
Est. Ann. Due Date: 29-Aug-2021
QoQ | YoY   -62.96%  |    129.58%

Annual (Unaudited) ( EPS: 14.55, P/E: 5.05 )

Revenue | NP to SH 213,621  |  39,789
RPS | P/RPS 78.10 Cent  |  0.94
EPS | P/E | EY 14.55 Cent  |  5.05  |  19.79%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 2.01  |  0.37
YoY   227.46%
NP Margin | ROE 18.29%  |  7.23%
F.Y. | Ann. Date 31-Dec-2020  |  26-Feb-2021

T4Q Result ( EPS: 29.00, P/E: 2.53 )

Revenue | NP to SH 217,544  |  79,307
RPS | P/RPS 79.54 Cent  |  0.92
EPS | P/E | EY 29.00 Cent  |  2.53  |  39.45%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 2.02  |  0.36
QoQ | YoY   99.32%  |    216.15%
NP Margin | ROE 35.54%  |  14.36%
F.Y. | Ann. Date 31-Mar-2021  |  31-May-2021

Annualized Result ( EPS: 13.19, P/E: 5.57 )

Revenue | NP to SH 233,020  |  36,084
RPS | P/RPS 85.19 Cent  |  0.86
EPS | P/E | EY 13.19 Cent  |  5.57  |  17.95%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -9.31%  |    129.58%
NP Margin | ROE 13.29%  |  6.53%
F.Y. | Ann. Date 31-Mar-2021  |  31-May-2021


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2021 31-May-2021 31-Mar-2021 1 58,255 14,847 7,742 9,021 - 552,325 - % 13.29% 1.63% 268,119 21.73 21.30 3.36 3.30 0.00 0.00 2.0600 2.02   -62.96%   129.58% 31-Mar-2021 0.84 3.87 24.97 0.41 4.01% 0.00% 0.88 4.05 26.16 0.43 3.82% 0.00%
31-Dec-2020 26-Feb-2021 31-Dec-2020 4 49,353 18,125 23,375 24,355 - 550,605 - % 47.36% 4.42% 272,577 18.11 18.04 8.94 8.90 0.00 0.00 2.0200 2.01   7.01%   192.75% 31-Dec-2020 0.775 4.28 8.67 0.38 11.53% 0.00% 26-Feb-2021 0.70 3.87 7.83 0.35 12.76% 0.00%
31-Dec-2020 04-Nov-2020 30-Sep-2020 3 59,775 26,180 22,878 22,760 - 504,267 - % 38.27% 4.51% 272,577 21.93 21.85 8.35 8.32 0.00 0.00 1.8500 1.84   -1.77%   789.91% 30-Sep-2020 0.68 3.10 8.14 0.37 12.28% 0.00% 04-Nov-2020 0.615 2.80 7.37 0.33 13.58% 0.00%
31-Dec-2020 25-Aug-2020 30-Jun-2020 2 50,161 29,160 23,316 23,171 - 488,848 - % 46.48% 4.74% 273,100 18.37 18.34 8.48 8.47 0.00 0.00 1.7900 1.79   175.98%   381.68% 30-Jun-2020 0.72 3.92 8.49 0.40 11.78% 0.00% 25-Aug-2020 0.73 3.97 8.60 0.41 11.62% 0.00%
31-Dec-2020 30-Jun-2020 31-Mar-2020 1 54,332 -28,564 -30,508 -30,497 - 464,715 - % -56.15% -6.56% 273,362 19.88 19.86 -11.16 -11.15 0.00 0.00 1.7000 1.70   -16.14%   -564.47% 31-Mar-2020 0.57 2.87 -5.11 0.34 -19.57% 0.00% 30-Jun-2020 0.72 3.62 -6.45 0.42 -15.49% 0.00%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 54,139 -27,479 -26,333 -26,258 - 489,496 - % -48.64% -5.36% 273,462 19.80 19.79 -9.60 -9.60 0.00 0.00 1.7900 1.79   -695.94%   -137.93% 31-Dec-2019 0.78 3.94 -8.12 0.44 -12.31% 0.00% 28-Feb-2020 0.785 3.97 -8.18 0.44 -12.23% 0.00%
31-Dec-2019 27-Nov-2019 30-Sep-2019 3 48,105 -3,294 -3,304 -3,299 16,408 516,856 - % -6.87% -0.64% 273,469 17.59 17.59 -1.21 -1.21 6.00 6.00 1.8900 1.89   59.90%   -25.29% 30-Sep-2019 0.80 4.55 -66.32 0.42 -1.51% 7.50% 27-Nov-2019 0.76 4.32 -63.00 0.40 -1.59% 7.89%
31-Dec-2019 29-Aug-2019 30-Jun-2019 2 47,913 -6,534 -8,222 -8,226 - 533,360 - % -17.16% -1.54% 273,518 17.52 17.52 -3.01 -3.01 0.00 0.00 1.9500 1.95   -225.28%   -610.36% 28-Jun-2019 0.965 5.51 -32.09 0.49 -3.12% 0.00% 29-Aug-2019 0.84 4.80 -27.93 0.43 -3.58% 0.00%
31-Dec-2019 29-May-2019 31-Mar-2019 1 44,243 7,782 6,597 6,566 - 536,095 - % 14.91% 1.22% 273,518 16.18 16.18 2.40 2.40 0.00 0.00 1.9600 1.96   159.50%   151.99% 29-Mar-2019 1.02 6.31 42.49 0.52 2.35% 0.00% 29-May-2019 0.795 4.91 33.12 0.41 3.02% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 43,594 -11,684 -10,937 -11,036 - 530,624 - % -25.09% -2.08% 273,518 15.94 15.94 -4.03 -4.03 0.00 0.00 1.9400 1.94   -319.14%   -101.42% 31-Dec-2018 0.495 3.11 -12.27 0.26 -8.15% 0.00% 27-Feb-2019 0.60 3.76 -14.87 0.31 -6.72% 0.00%
31-Dec-2018 22-Nov-2018 30-Sep-2018 3 45,271 -1,863 -2,603 -2,633 - 527,889 - % -5.75% -0.50% 273,518 16.55 16.55 -0.96 -0.96 0.00 0.00 1.9300 1.93   -127.37%   -455.81% 28-Sep-2018 0.575 3.47 -59.73 0.30 -1.67% 0.00% 22-Nov-2018 0.49 2.96 -50.90 0.25 -1.96% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 40,827 370 -1,177 -1,158 - 530,624 - % -2.88% -0.22% 273,518 14.93 14.93 -0.42 -0.42 0.00 0.00 1.9400 1.94   90.83%   -103.80% 29-Jun-2018 0.65 4.35 -153.53 0.34 -0.65% 0.00% 29-Aug-2018 0.595 3.99 -140.54 0.31 -0.71% 0.00%
31-Dec-2018 28-May-2018 31-Mar-2018 1 39,164 -11,196 -12,621 -12,630 8,205 538,830 - % -32.23% -2.34% 273,518 14.32 14.32 -4.62 -4.62 3.00 3.00 1.9700 1.97   -130.52%   -857.54% 30-Mar-2018 0.695 4.85 -15.05 0.35 -6.64% 4.32% 28-May-2018 0.645 4.50 -13.97 0.33 -7.16% 4.65%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 43,744 -3,961 -5,379 -5,479 - 560,711 - % -12.30% -0.98% 273,518 15.99 15.99 -2.00 -2.00 0.00 0.00 2.0500 2.05   -840.41%   74.36% 29-Dec-2017 0.77 4.81 -38.44 0.38 -2.60% 0.00% 28-Feb-2018 0.79 4.94 -39.44 0.39 -2.54% 0.00%
31-Dec-2017 23-Nov-2017 30-Sep-2017 3 42,172 1,210 1,363 740 82 560,711 11.09% 3.23% 0.13% 273,518 15.42 15.42 0.27 0.27 0.03 0.03 2.0500 2.05   -97.57%   -62.03% 29-Sep-2017 0.805 5.22 297.54 0.39 0.34% 0.04% 23-Nov-2017 0.79 5.12 292.00 0.39 0.34% 0.04%
31-Dec-2017 23-Aug-2017 30-Jun-2017 2 29,072 31,925 30,937 30,452 - 560,711 - % 106.42% 5.43% 273,518 10.63 10.63 11.13 11.13 0.00 0.00 2.0500 2.05   2,408.72%   -89.20% 30-Jun-2017 0.855 8.04 7.68 0.42 13.02% 0.00% 23-Aug-2017 0.835 7.86 7.50 0.41 13.33% 0.00%
31-Dec-2017 25-May-2017 31-Mar-2017 1 4,036 -1,290 -1,319 -1,319 16,787 548,386 - % -32.68% -0.24% 279,789 1.44 1.48 -0.48 -0.48 6.00 6.14 1.9600 2.00   93.83%   -842.14% 31-Mar-2017 0.86 59.62 -182.42 0.44 -0.55% 6.98% 25-May-2017 0.865 59.96 -183.49 0.44 -0.55% 6.94%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 3,951 -21,427 -21,369 -21,369 - 577,361 - % -540.85% -3.70% 288,680 1.37 1.44 -7.40 -7.81 0.00 0.00 2.0000 2.11   -1,196.41%   -183.59% 30-Dec-2016 0.885 64.66 -11.96 0.44 -8.36% 0.00% 28-Feb-2017 0.885 64.66 -11.96 0.44 -8.36% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 6,502 2,072 1,949 1,949 87 568,257 4.49% 29.98% 0.34% 291,414 2.23 2.38 0.67 0.71 0.03 0.03 1.9500 2.08   -99.31%   228.39% 30-Sep-2016 0.96 43.03 143.54 0.49 0.70% 0.03% 29-Nov-2016 0.89 39.89 133.07 0.46 0.75% 0.03%
31-Dec-2016 25-Aug-2016 30-Jun-2016 2 150,810 283,743 281,648 281,850 1,013 674,933 0.36% 186.76% 41.76% 289,671 52.06 55.14 97.30 103.05 0.35 0.37 2.3300 2.47   201,421.42%   116,087.66% 30-Jun-2016 1.17 2.25 1.20 0.50 83.16% 0.30% 25-Aug-2016 0.935 1.80 0.96 0.40 104.06% 0.37%
31-Dec-2016 25-May-2016 31-Mar-2016 1 136,175 2,149 514 -140 83 383,599 - % 0.38% -0.04% 279,999 48.63 49.79 -0.05 -0.05 0.03 0.03 1.3700 1.40   -100.55%   -117.05% 31-Mar-2016 0.95 1.95 -1,900.00 0.69 -0.05% 0.03% 25-May-2016 1.12 2.30 -2,240.00 0.82 -0.04% 0.03%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 136,404 31,307 24,177 25,565 - 424,078 - % 17.72% 6.03% 300,764 45.35 49.87 8.50 9.35 0.00 0.00 1.4100 1.55   1,784.12%   372.29% 31-Dec-2015 0.935 2.06 11.00 0.66 9.09% 0.00% 29-Feb-2016 0.96 2.12 11.29 0.68 8.85% 0.00%
31-Dec-2015 24-Nov-2015 30-Sep-2015 3 139,669 -1,404 -2,150 -1,518 91 394,679 - % -1.54% -0.38% 303,600 46.00 51.06 -0.50 -0.55 0.03 0.03 1.3000 1.44   -524.69%   -115.23% 30-Sep-2015 0.745 1.62 -149.00 0.57 -0.67% 0.04% 24-Nov-2015 0.78 1.70 -156.00 0.60 -0.64% 0.04%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 146,162 192 -767 -243 104 468,642 - % -0.52% -0.05% 347,142 42.10 53.44 -0.07 -0.09 0.03 0.04 1.3500 1.71   -129.60%   80.18% 30-Jun-2015 0.77 1.83 -1,100.00 0.57 -0.09% 0.04% 28-Aug-2015 0.715 1.70 -1,021.43 0.53 -0.10% 0.04%
31-Dec-2015 27-May-2015 31-Mar-2015 1 144,060 2,526 1,826 821 - 422,662 - % 1.27% 0.19% 304,074 47.38 52.67 0.27 0.30 0.00 0.00 1.3900 1.55   -84.83%   -69.04% 31-Mar-2015 0.70 1.48 259.26 0.50 0.39% 0.00% 27-May-2015 0.755 1.59 279.63 0.54 0.36% 0.00%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 170,851 3,460 4,613 5,413 - 304,467 - % 2.70% 1.78% 304,467 56.11 62.46 1.78 1.98 0.00 0.00 1.0000 1.11   -45.69%   13.53% 31-Dec-2014 0.65 1.16 36.56 0.65 2.74% 0.00% 26-Feb-2015 0.725 1.29 40.78 0.73 2.45% 0.00%
31-Dec-2014 19-Nov-2014 30-Sep-2014 3 187,840 12,890 11,291 9,967 - 304,463 - % 6.01% 3.27% 304,463 61.70 68.68 3.28 3.64 0.00 0.00 1.0000 1.11   912.97%   -56.63% 30-Sep-2014 0.67 1.09 20.47 0.67 4.89% 0.00% 19-Nov-2014 0.65 1.05 19.86 0.65 5.04% 0.00%
31-Dec-2014 25-Aug-2014 30-Jun-2014 2 160,963 -2,392 -2,390 -1,226 91 306,153 - % -1.48% -0.40% 306,153 52.58 58.85 -0.40 -0.45 0.03 0.03 1.0000 1.12   -146.23%   92.24% 30-Jun-2014 0.68 1.29 -169.81 0.68 -0.59% 0.04% 25-Aug-2014 0.665 1.26 -166.06 0.67 -0.60% 0.05%
31-Dec-2014 26-May-2014 31-Mar-2014 1 175,333 5,350 4,343 2,652 - 306,052 - % 2.48% 0.87% 306,052 57.29 64.10 0.87 0.97 0.00 0.00 1.0000 1.12   -44.38%   136.66% 31-Mar-2014 0.62 1.08 71.55 0.62 1.40% 0.00% 26-May-2014 0.62 1.08 71.55 0.62 1.40% 0.00%
31-Dec-2013 28-Feb-2014 31-Dec-2013 4 128,808 9,957 6,525 4,768 - 305,030 - % 5.07% 1.56% 305,030 42.23 47.09 1.56 1.74 0.00 0.00 1.0000 1.12   -79.25%   -2.59% 31-Dec-2013 0.62 1.47 39.66 0.62 2.52% 0.00% 28-Feb-2014 0.655 1.55 41.90 0.66 2.39% 0.00%
31-Dec-2013 25-Nov-2013 30-Sep-2013 3 166,932 23,316 22,955 22,981 - 426,137 - % 13.75% 5.39% 304,384 54.84 61.03 7.55 8.40 0.00 0.00 1.4000 1.56   245.38%   2,240.22% 30-Sep-2013 0.665 1.21 8.81 0.48 11.35% 0.00% 25-Nov-2013 0.635 1.16 8.41 0.45 11.89% 0.00%
31-Dec-2013 27-Aug-2013 30-Jun-2013 2 158,955 -16,610 -17,680 -15,807 - 405,073 - % -11.12% -3.90% 304,566 52.19 58.12 -5.19 -5.78 0.00 0.00 1.3300 1.48   -118.51%   -163.79% 28-Jun-2013 0.55 1.05 -10.60 0.41 -9.44% 0.00% 27-Aug-2013 0.565 1.08 -10.89 0.42 -9.19% 0.00%
31-Dec-2013 23-May-2013 31-Mar-2013 1 131,518 -7,756 -7,982 -7,234 - 419,450 - % -6.07% -1.72% 303,949 43.27 48.08 -2.38 -2.64 0.00 0.00 1.3800 1.53   -247.78%   -161.20% 29-Mar-2013 0.525 1.21 -22.06 0.38 -4.53% 0.00% 23-May-2013 0.56 1.29 -23.53 0.41 -4.25% 0.00%
31-Dec-2012 27-Feb-2013 31-Dec-2012 4 138,981 8,509 6,207 4,895 - 304,818 - % 4.47% 1.61% 304,818 45.59 50.81 1.60 1.79 0.00 0.00 1.0000 1.11   398.47%   -90.29% 31-Dec-2012 0.44 0.97 27.40 0.44 3.65% 0.00% 27-Feb-2013 0.505 1.11 31.45 0.51 3.18% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 3 119,344 -8,460 -9,196 982 - 440,412 - % -7.71% 0.22% 297,575 40.11 43.63 0.33 0.36 0.00 0.00 1.4800 1.61   -96.04%   -97.25% 28-Sep-2012 0.41 1.02 124.24 0.28 0.80% 0.00% 30-Nov-2012 0.50 1.25 151.52 0.34 0.66% 0.00%
31-Dec-2012 28-Aug-2012 30-Jun-2012 2 142,661 26,534 25,961 24,780 - 453,589 - % 18.20% 5.46% 304,422 46.86 52.16 8.14 9.06 0.00 0.00 1.4900 1.66   109.64%   110.16% 29-Jun-2012 0.46 0.98 5.65 0.31 17.70% 0.00% 28-Aug-2012 0.42 0.90 5.16 0.28 19.38% 0.00%
31-Dec-2012 25-May-2012 31-Mar-2012 1 112,058 12,585 12,153 11,820 - 423,448 - % 10.85% 2.79% 304,639 36.78 40.97 3.88 4.32 0.00 0.00 1.3900 1.55   -76.55%   -27.19% 30-Mar-2012 0.41 1.11 10.57 0.29 9.46% 0.00% 25-May-2012 0.41 1.11 10.57 0.29 9.46% 0.00%
31-Dec-2011 23-Feb-2012 31-Dec-2011 4 119,367 55,296 49,120 50,407 - 304,371 - % 41.15% 16.56% 304,371 39.22 43.64 16.56 18.43 0.00 0.00 1.0000 1.11   41.34%   550.25% 30-Dec-2011 0.41 1.05 2.48 0.41 40.39% 0.00% 23-Feb-2012 0.41 1.05 2.48 0.41 40.39% 0.00%
31-Dec-2011 21-Nov-2011 30-Sep-2011 3 515,781 44,058 35,356 35,664 - 349,955 - % 6.85% 10.19% 304,308 169.49 188.57 11.71 13.04 0.00 0.00 1.1500 1.28   202.47%   81.41% 30-Sep-2011 0.50 0.29 4.27 0.43 23.44% 0.00% 21-Nov-2011 0.41 0.24 3.50 0.36 28.58% 0.00%
31-Dec-2011 23-Aug-2011 30-Jun-2011 2 602,861 19,176 12,253 11,791 - 313,817 - % 2.03% 3.76% 304,677 197.87 220.41 3.87 4.31 0.00 0.00 1.0300 1.15   -27.36%   347.87% 30-Jun-2011 0.75 0.38 19.38 0.73 5.16% 0.00% 23-Aug-2011 0.61 0.31 15.76 0.59 6.34% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  6 people like this.
 
investorbat I think BOD/TY has no reason to delay it because 6% dividend for 105mil shares could give him few mil $ for his indirect controlling stake in Melewar.Im still try to figure out his next move
20/06/2021 1:08 PM
Johnzhang For SCR, the offeror is making use of the company's internal resources to fund it. For MGO or GO, the offeror must have his personal or third party resources to fund it. He need about $220 mil to fund the GO if at $1.50. I think SRC is more likely and he is in no hurry to do it . He will only do it when the company retains higher profit to cover the higher price minorities demanded , provided minorities don't shift the goalpost . Dividend for next few years may be in jeopardy,. Just another possibility for investors to think about too.
20/06/2021 3:10 PM
TheContrarian MGO at a low offer price just to take the offerors over the 50% line.
20/06/2021 3:25 PM
danny123 U guy still every day hope SCR or MGO???
20/06/2021 9:29 PM
Baobab Is the act of major shareholder in delaying or refusing the payment of dividends considered an oppression of minority shareholders?
21/06/2021 10:25 AM
Cipta the main reason TY given during the last SCR was hardly to meet Bursa unreasonale requirements to out of PN17, therefore better to privatized it instead of delisted and thus give a way out for shareholders. I think TY is a creative perosn. IF YOU CANT BEAT THEM, JOIN THEM. Is his motto perhaps. Although he fail the SCR, he successfully sent MAA COE to be BURSA CEO *jokinglah* ..Anyhow..At the end, MAA is out of PN17 too . If he cant beat the minority, hope he can join minorities too to build a bigger company from there. :)
21/06/2021 1:23 PM
low123 Co must pay at least 6sen dividend by end June 2022.
22/06/2021 12:13 AM
Cipta https://www.theedgemarkets.com/article/frances-axa-sell-malaysia-insurance-businesses-generali

Another round of insurance M&A in the region ?
22/06/2021 2:40 PM
danny123 Baca betul betul,
Buy TURIYA , pay around 24 millions
22/06/2021 3:18 PM
danny123 BUAYA atau TURIYA????
22/06/2021 3:19 PM
Cipta NA of Turiya RM120mil but last year net profit only RM400k. The co own Wisma Chase Perdana, a Freehold 12 story office in Damasara Height.
22/06/2021 4:47 PM
Cipta A proforma gain of RM45mil with this entering price from MAA immediate if complete on the said date.
22/06/2021 4:50 PM
waterbro 马联保险(MAA,1198,主板金融服务组)宣布以每股18仙或总值2378万7269令吉,向Ithmaar银行收购TURIYA公司(TURIYA,4359,主板科技组)的57.78%股权。

由于触及全面献购门槛,马联保险将以相同的每股18仙价位全部献购剩余未持有的股票。

马联保险倾向于保持TURIYA公司的上市地位。

马联保险发文告表示,每股18仙的收购价比TURIYA公司截至2020年3月杪的每股已稽查净资产53仙折价66.04%,同时比TURIYA公司闭市价24.5仙折价6.5仙或26.5%。
22/06/2021 5:11 PM
henrygan99 very good buy for MAA. great discount 18 cent v 53 cents NA . prime property too.
22/06/2021 5:39 PM
beluga the purchase will make Turiya becoming MAA's subsidiary. Revenue and profit will be reflected in MAA's book after the transaction.
22/06/2021 6:53 PM
bb1788 definitely a good catch..dividend of 6sen still reflected in the list approved on 30th June 2020.
22/06/2021 7:08 PM
beluga @Johnzhang I was part of the minorities that blocked the deal. We openly informed the independent directors that we had the numbers in public and in private letter. Yes I was aware that it’s always like a poker game. Except that we did not lie. This group of investors have different objective mainly we're long term investors. We fully respect and understand that every individuals/shareholders is DIFFERENT. Each individual have different objective, different background, and most of all different cost. We were confident then because this small group already recovered most of their costs if not all (through dividends over the years). So this is the main difference between us and the rest. We are in this company for the long term and has been, as long as the company is properly run without any financial shenanigans.

In fact, one of the reasonS that I think there will be another attempt in takeover is that the company did not do any share buyback. If the company did buyback, the minority will be able to block him much easier than before because the eligible pool of voting shares will be reduced. Unlikely he will use the general offer method because he will just own about 54% judging from the previous EGM result.

Again, we openly inform the Offeror, give us a more respectful offer. Please don’t insult us again. If not, don’t waste the company resources and time. We still have the number in excess. It is up to them to believe.
22/06/2021 7:43 PM
Johnzhang @beluga,. I would reject it too if I were shareholder then. Last weekend I read a bit of the past comments posted by the SCR supporting minorities which to my opinion were unreasonable, unfair and uncalled for. They have forgotten that every shareholder has equal rights. I gathered that the dissenting minorities only asked for $1.30 (ie 20 sen more) which was absolutely not too much to ask for !!
At the time of SCR, nett asset of the group was about $536 mil consisting of $257 mil cash (!!) + substantial liquid investment. It was more likely that the company worth more than $536mil because the insurance outfit usually worth more than book value .
Assuming the company worth only $536 mil ( per nett asset).
To pay $1.10 for SCR amounted to $184 mil only ($1.1 x 167.74 mil share)
Balance after SCR for TY was $352 mil ($536 - $184) which work out to be $3.30 per TY's portion of share.
Hence , Minorities : TY distribution ratio was $1.10 : $3.30. Reasonable?? Absurd !
How could TY and SCR supporting minorities fault the dissenting minorities for blocking the SCR !!
Even if TY agreed to $1.30, the asset distribution ratio would be $1.30 to $3.00 favouring TY by huge margin !
I guess minorities have to wake up from being always unfairly exploited by controlling shareholders .
22/06/2021 9:28 PM
beluga TY can still easily takeover if he wants. That is why I believe there will be another attempt. I've experienced many takeovers before.

Here’s my independent advice to him. TY can reduced his cost of acquisitions by making two separate rounds of takeover. One year after another. First by general offer. Weed off the weaker players. Perhaps he may manage to grab further 20% outstanding shares?

Second round, use the SCR method to deal with the balance 40%....that consists the "stronger players" and the "dead/coma/sleeping/ignorant/couldn't-be-bothered" shareholders. His average cost will be slightly lower. He roughly knows who are the players already. Of course I won’t reveal my card especially in public for now.

Better offer soon before its jewel, Philippines insurance is generating more and more profit and command higher valuation.
22/06/2021 10:40 PM
Johnzhang @beluga,. I also think he will make another attempt . Is a matter of price.
Only if you feel comfortable , pls share what will be the base line price to you and to the minorities who rejected the last SCR if another offer shall come within next 6-12 months ?
23/06/2021 5:24 PM
beluga I can't speak for others. for me, honestly i don't know. I will only evaluate if the time comes. depending on the prevailing conditions then.
also, never show all your cards :)
23/06/2021 6:37 PM
Johnzhang @beluga, it is not necessarily a bad thing to put forward the price if the dissenting minorities can come to consensus so that thing can move forward. Give TY some degree of certainty as he obviously don't want to fail the second time . Should work for a win win solution.
24/06/2021 9:23 AM
beluga @johnzhang i think at 1.50, TY will most likely get enough support. i quite like to stay as shareholder too. doesn't matter if there will be any offer. as mentioned, already recovered most of the costs thru past dividends. i very much like the insurance biz in philippines , a good growth story. Umar Swift left the company in a very good shape. And he is the first foreigner to head Bursa now.
24/06/2021 10:24 AM
Cipta with MAA lift PN17 now, i think it gives TY more option. With listed status and cash pile, TY can do more with big picture in current low interest and some bargain out there.
24/06/2021 2:33 PM
Johnzhang @beluga, Fair enough. You are very clear of what you want to achieve and don't have to be concern of the day to day share price . I also opine that the insurance unit in the Philippines will do well and shall worth quite a bit above the book value if TY decide to spin it off one day . TY knows the value . He was just over confident that he would get thru the SCR at $1.10 which was also high premium to the 50-60 sen price traded before the SCR news surfaced. Happy investing.
24/06/2021 7:09 PM
danny123 Money used up to buy small small assets, how to SCR or take private.

NO more hope la or minority share holders still DREAMING.
27/06/2021 2:03 PM
TheContrarian Buy for 6 sen guaranteed dividend then.
27/06/2021 2:50 PM
Johnzhang I started picking up some today....
28/06/2021 4:47 PM
TheContrarian Me too.
28/06/2021 6:12 PM
Cipta i just wonder, as a public listed co, the reasonable and obligation of MAA to change financial year end to suit its major shareholder since the major shareholding no more than half.
29/06/2021 5:05 PM
yangyang330 问一下大家,买公司需要开股东大会吗?我想投反对票
01/07/2021 8:47 PM
TheContrarian Bought at 74.5 sen today.
02/07/2021 5:26 PM
yangyang330 公告说什么,有朋友知道吗?是不是买公司太便宜而要上法庭,我英文不好,有朋友可以解释一下吗
05/07/2021 8:38 PM
Gore Victor Lee KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-295-07/2021 EMPIRE HOLDINGS LTD ("PLAINTIFF") VS ITHMAAR DEVELOPMENT COMPANY LTD ("1ST DEFENDANT"), ITHMAAR BANK B.S.C. ("2ND DEFENDANT"), MAAG ("3RD DEFENDANT"), TUNKU DATO' YAACOB KHYRA ("4TH DEFENDANT") AND TURIYA BERHAD ("5TH DEFENDANT") (COLLECTIVELY REFERRED TO AS "DEFENDANTS")
06/07/2021 8:58 AM
Gore Victor Lee https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3172924
06/07/2021 8:58 AM
dumbMoney When a deal is too good to be true, it usually is. So the company is trying to buy a block of Turiya shares cheap from the financier of the shares, and is now sued by the borrower and original owner of the shares. This may drag on for a while depending on the outcomes of the court case and or appeals.
07/07/2021 2:05 AM
Johnzhang Buy the dip . Pick up some at 73 sen
15/07/2021 9:21 PM
TheContrarian Me too.
15/07/2021 10:26 PM
Johnzhang Manage to collect some at 72.5 sen today
16/07/2021 5:01 PM
TheContrarian Me too.
16/07/2021 5:53 PM
bb1788 cheap sales over??
16/07/2021 9:08 PM
danny123 Every day got cheap sales , dunt worry
19/07/2021 6:23 PM
risktoreward done @ 0.74
26/07/2021 12:29 PM
danny123 Wah, cheaper coming soon
26/07/2021 6:52 PM
TheContrarian I will wait for 72 sen.
26/07/2021 7:53 PM
AllanTingAS Please share with us the background waiting for 72 sen? Thanks
27/07/2021 9:40 PM
TheContrarian Last price I bought was at 72.5 sen, so if I were to buy again, it has to be at a lower price.
27/07/2021 10:16 PM
danny123 Why every day getting cheaper
29/07/2021 10:30 PM
Johnzhang Not easy to get 72sen , may be can get 5 ,000 share once in a while. Seller are very reluctant to sell below 74 sen.
02/08/2021 7:16 PM
Johnzhang Surprisingly managed to get 20,000 share at 72 sen today.
03/08/2021 8:35 PM