Highlights
KLSE: MAA (1198)       MAA GROUP BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
0.73   0.00 (0.00%)  0.73 - 0.73  25,000
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Financials


Market Cap: 200 Million

Market Cap 200 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: 5.02 )

Revenue | NP to SH 213,621  |  39,789
RPS | P/RPS 78.10 Cent  |  0.93
EPS | P/E | EY 14.55 Cent  |  5.02  |  19.93%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 2.01  |  0.36
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: 2.52 )

Revenue | NP to SH 217,544  |  79,307
RPS | P/RPS 79.54 Cent  |  0.92
EPS | P/E | EY 29.00 Cent  |  2.52  |  39.72%
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: 5.53 )

Revenue | NP to SH 233,020  |  36,084
RPS | P/RPS 85.19 Cent  |  0.86
EPS | P/E | EY 13.19 Cent  |  5.53  |  18.07%
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


Hints :
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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 1 217,544 88,312 77,311 79,307 0 552,325 - % 35.54% 14.36% 268,119 81.14 79.54 29.58 29.00 0.00 0.00 2.0600 2.02   99.32%   216.15% 31-Mar-2021 0.84 1.04 2.84 0.41 35.21% 0.00% 0.88 1.08 2.98 0.43 33.61% 0.00%
31-Dec-2020 26-Feb-2021 31-Dec-2020 4 213,621 44,901 39,061 39,789 0 550,605 - % 18.29% 7.23% 272,577 78.37 78.10 14.60 14.55 0.00 0.00 2.0200 2.01   467.60%   227.46% 31-Dec-2020 0.775 0.99 5.31 0.38 18.84% 0.00% 26-Feb-2021 0.70 0.89 4.80 0.35 20.85% 0.00%
31-Dec-2020 04-Nov-2020 30-Sep-2020 3 218,407 -703 -10,647 -10,824 0 504,267 - % -4.87% -2.15% 272,577 80.13 79.85 -3.97 -3.96 0.00 0.00 1.8500 1.84   70.65%   32.33% 30-Sep-2020 0.68 0.85 -17.12 0.37 -5.84% 0.00% 04-Nov-2020 0.615 0.77 -15.49 0.33 -6.46% 0.00%
31-Dec-2020 25-Aug-2020 30-Jun-2020 2 206,737 -30,177 -36,829 -36,883 16,408 488,848 - % -17.81% -7.54% 273,100 75.70 75.58 -13.51 -13.48 6.00 6.00 1.7900 1.79   45.98%   -140.61% 30-Jun-2020 0.72 0.95 -5.33 0.40 -18.76% 8.33% 25-Aug-2020 0.73 0.96 -5.41 0.41 -18.50% 8.22%
31-Dec-2020 30-Jun-2020 31-Mar-2020 1 204,489 -65,871 -68,367 -68,280 16,408 464,715 - % -33.43% -14.69% 273,362 74.81 74.76 -24.98 -24.96 6.00 6.00 1.7000 1.70   -118.73%   -726.53% 31-Mar-2020 0.57 0.76 -2.28 0.34 -43.82% 10.53% 30-Jun-2020 0.72 0.96 -2.88 0.42 -34.69% 8.33%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 194,400 -29,525 -31,262 -31,217 16,408 489,496 - % -16.08% -6.38% 273,462 71.09 71.07 -11.42 -11.41 6.00 6.00 1.7900 1.79   -95.17%   -13.69% 31-Dec-2019 0.78 1.10 -6.83 0.44 -14.64% 7.69% 28-Feb-2020 0.785 1.10 -6.88 0.44 -14.54% 7.64%
31-Dec-2019 27-Nov-2019 30-Sep-2019 3 183,855 -13,730 -15,866 -15,995 16,408 516,856 - % -8.63% -3.09% 273,469 67.23 67.22 -5.85 -5.85 6.00 6.00 1.8900 1.89   -4.34%   26.96% 30-Sep-2019 0.80 1.19 -13.68 0.42 -7.31% 7.50% 27-Nov-2019 0.76 1.13 -12.99 0.40 -7.70% 7.89%
31-Dec-2019 29-Aug-2019 30-Jun-2019 2 181,021 -12,299 -15,165 -15,329 0 533,360 - % -8.38% -2.87% 273,518 66.18 66.18 -5.60 -5.60 0.00 0.00 1.9500 1.95   -85.56%   17.26% 28-Jun-2019 0.965 1.46 -17.22 0.49 -5.81% 0.00% 29-Aug-2019 0.84 1.27 -14.99 0.43 -6.67% 0.00%
31-Dec-2019 29-May-2019 31-Mar-2019 1 173,935 -5,395 -8,120 -8,261 0 536,095 - % -4.67% -1.54% 273,518 63.59 63.59 -3.02 -3.02 0.00 0.00 1.9600 1.96   69.91%   -163.14% 29-Mar-2019 1.02 1.60 -33.77 0.52 -2.96% 0.00% 29-May-2019 0.795 1.25 -26.32 0.41 -3.80% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 168,856 -24,373 -27,338 -27,457 8,205 530,624 - % -16.19% -5.17% 273,518 61.73 61.73 -10.04 -10.04 3.00 3.00 1.9400 1.94   -25.37%   -209.23% 31-Dec-2018 0.495 0.80 -4.93 0.26 -20.28% 6.06% 27-Feb-2019 0.60 0.97 -5.98 0.31 -16.73% 5.00%
31-Dec-2018 22-Nov-2018 30-Sep-2018 3 169,006 -16,650 -21,780 -21,900 8,205 527,889 - % -12.89% -4.15% 273,518 61.79 61.79 -8.01 -8.01 3.00 3.00 1.9300 1.93   -18.21%   -313.39% 28-Sep-2018 0.575 0.93 -7.18 0.30 -13.92% 5.22% 22-Nov-2018 0.49 0.79 -6.12 0.25 -16.34% 6.12%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 165,907 -13,577 -17,814 -18,527 8,287 530,624 - % -10.74% -3.49% 273,518 60.66 60.66 -6.77 -6.77 3.03 3.03 1.9400 1.94   -241.61%   -261.50% 29-Jun-2018 0.65 1.07 -9.60 0.34 -10.42% 4.66% 29-Aug-2018 0.595 0.98 -8.78 0.31 -11.38% 5.09%
31-Dec-2018 28-May-2018 31-Mar-2018 1 154,152 17,978 14,300 13,083 8,287 538,830 63.35% 9.28% 2.43% 273,518 56.36 56.36 4.78 4.78 3.03 3.03 1.9700 1.97   -47.95%   -94.99% 30-Mar-2018 0.695 1.23 14.53 0.35 6.88% 4.36% 28-May-2018 0.645 1.14 13.48 0.33 7.42% 4.70%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 119,024 28,626 26,344 25,136 249 560,711 0.99% 22.13% 4.48% 273,518 43.52 43.52 9.19 9.19 0.09 0.09 2.0500 2.05   144.92%   -90.42% 29-Dec-2017 0.77 1.77 8.38 0.38 11.93% 0.12% 28-Feb-2018 0.79 1.82 8.60 0.39 11.63% 0.12%
31-Dec-2017 23-Nov-2017 30-Sep-2017 3 79,231 12,177 11,371 10,263 249 560,711 2.44% 14.35% 1.83% 273,518 28.97 28.97 3.75 3.75 0.09 0.09 2.0500 2.05   -10.54%   -96.68% 29-Sep-2017 0.805 2.78 21.45 0.39 4.66% 0.11% 23-Nov-2017 0.79 2.73 21.05 0.39 4.75% 0.12%
31-Dec-2017 23-Aug-2017 30-Jun-2017 2 43,561 13,039 11,957 11,472 255 560,711 2.23% 27.45% 2.05% 273,518 15.93 15.93 4.19 4.19 0.09 0.09 2.0500 2.05   -95.61%   -96.25% 30-Jun-2017 0.855 5.37 20.39 0.42 4.91% 0.11% 23-Aug-2017 0.835 5.24 19.91 0.41 5.02% 0.11%
31-Dec-2017 25-May-2017 31-Mar-2017 1 165,299 263,098 260,909 261,111 17,888 548,386 6.85% 157.84% 47.61% 279,789 59.08 60.43 93.32 95.46 6.39 6.54 1.9600 2.00   -0.45%   1,003.18% 31-Mar-2017 0.86 1.46 0.92 0.44 108.52% 7.43% 25-May-2017 0.865 1.46 0.93 0.44 107.89% 7.39%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 297,438 266,537 262,742 262,290 1,185 577,361 0.45% 88.34% 45.43% 288,680 103.03 108.75 90.86 95.89 0.41 0.43 2.0000 2.11   -15.18%   964.92% 30-Dec-2016 0.885 0.86 0.97 0.44 102.66% 0.46% 28-Feb-2017 0.885 0.86 0.97 0.44 102.66% 0.46%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 429,853 319,276 308,293 309,229 1,185 568,257 0.38% 71.72% 54.42% 291,414 147.51 157.16 106.11 113.06 0.41 0.43 1.9500 2.08   1.13%   6,813.24% 30-Sep-2016 0.96 0.65 0.90 0.49 110.53% 0.42% 29-Nov-2016 0.89 0.60 0.84 0.46 119.23% 0.46%
31-Dec-2016 25-Aug-2016 30-Jun-2016 2 562,821 315,800 304,194 305,762 1,188 674,933 0.39% 54.05% 45.30% 289,671 194.30 205.77 105.55 111.79 0.41 0.43 2.3300 2.47   1,191.82%   1,816.04% 30-Jun-2016 1.17 0.60 1.11 0.50 90.22% 0.35% 25-Aug-2016 0.935 0.48 0.89 0.40 112.89% 0.44%
31-Dec-2016 25-May-2016 31-Mar-2016 1 558,173 32,249 21,779 23,669 279 383,599 1.18% 3.90% 6.17% 279,999 199.35 204.07 8.45 8.65 0.10 0.10 1.3700 1.40   -3.90%   58.06% 31-Mar-2016 0.95 0.48 11.24 0.69 8.90% 0.10% 25-May-2016 1.12 0.56 13.25 0.82 7.55% 0.09%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 566,058 32,626 23,091 24,630 286 424,078 1.16% 4.08% 5.81% 300,764 188.21 206.95 8.19 9.00 0.10 0.10 1.4100 1.55   450.64%   46.55% 31-Dec-2015 0.935 0.50 11.42 0.66 8.76% 0.10% 29-Feb-2016 0.96 0.51 11.72 0.68 8.53% 0.10%
31-Dec-2015 24-Nov-2015 30-Sep-2015 3 600,543 4,774 3,522 4,473 286 394,679 6.40% 0.59% 1.13% 303,600 197.81 219.56 1.47 1.64 0.09 0.10 1.3000 1.44   -71.97%   -72.32% 30-Sep-2015 0.745 0.38 50.57 0.57 1.98% 0.13% 24-Nov-2015 0.78 0.39 52.94 0.60 1.89% 0.12%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 648,913 19,068 16,963 15,958 195 468,642 1.22% 2.61% 3.41% 347,142 186.93 237.25 4.60 5.83 0.06 0.07 1.3500 1.71   6.56%   -45.30% 30-Jun-2015 0.77 0.41 16.75 0.57 5.97% 0.07% 28-Aug-2015 0.715 0.38 15.55 0.53 6.43% 0.08%
31-Dec-2015 27-May-2015 31-Mar-2015 1 663,714 16,484 15,340 14,975 183 422,662 1.22% 2.31% 3.54% 304,074 218.27 242.66 4.92 5.47 0.06 0.07 1.3900 1.55   -10.89%   2.61% 31-Mar-2015 0.70 0.32 14.21 0.50 7.04% 0.09% 27-May-2015 0.755 0.35 15.33 0.54 6.52% 0.08%
31-Dec-2014 26-Feb-2015 31-Dec-2014 4 694,987 19,308 17,857 16,806 91 304,467 0.55% 2.57% 5.52% 304,467 228.26 254.09 5.52 6.14 0.03 0.03 1.0000 1.11   3.99%   256.97% 31-Dec-2014 0.65 0.28 11.78 0.65 8.49% 0.05% 26-Feb-2015 0.725 0.32 13.13 0.73 7.61% 0.04%
31-Dec-2014 19-Nov-2014 30-Sep-2014 3 652,944 25,805 19,769 16,161 91 304,463 0.57% 3.03% 5.31% 304,463 214.46 238.72 5.31 5.91 0.03 0.03 1.0000 1.11   -44.61%   234.25% 30-Sep-2014 0.67 0.31 12.62 0.67 7.92% 0.04% 19-Nov-2014 0.65 0.30 12.25 0.65 8.17% 0.05%
31-Dec-2014 25-Aug-2014 30-Jun-2014 2 632,036 36,231 31,433 29,175 91 306,153 0.31% 4.97% 9.53% 306,153 206.44 231.08 9.53 10.67 0.03 0.03 1.0000 1.12   99.91%   269.98% 30-Jun-2014 0.68 0.33 7.14 0.68 14.01% 0.04% 25-Aug-2014 0.665 0.32 6.98 0.67 14.33% 0.05%
31-Dec-2014 26-May-2014 31-Mar-2014 1 630,028 22,013 16,143 14,594 91 306,052 0.63% 2.56% 4.77% 306,052 205.86 230.34 4.77 5.34 0.03 0.03 1.0000 1.12   209.98%   -37.69% 31-Mar-2014 0.62 0.30 13.00 0.62 7.69% 0.05% 26-May-2014 0.62 0.30 13.00 0.62 7.69% 0.05%
31-Dec-2013 28-Feb-2014 31-Dec-2013 4 586,213 8,907 3,818 4,708 91 305,030 1.94% 0.65% 1.54% 305,030 192.18 214.32 1.54 1.72 0.03 0.03 1.0000 1.12   -2.63%   -88.92% 31-Dec-2013 0.62 0.32 40.17 0.62 2.49% 0.05% 28-Feb-2014 0.655 0.34 42.44 0.66 2.36% 0.05%
31-Dec-2013 25-Nov-2013 30-Sep-2013 3 596,386 7,459 3,500 4,835 91 426,137 1.89% 0.59% 1.13% 304,384 195.93 218.04 1.59 1.77 0.03 0.03 1.4000 1.56   128.17%   -94.51% 30-Sep-2013 0.665 0.34 41.86 0.48 2.39% 0.05% 25-Nov-2013 0.635 0.32 39.98 0.45 2.50% 0.05%
31-Dec-2013 27-Aug-2013 30-Jun-2013 2 548,798 -24,317 -28,651 -17,164 91 405,073 - % -5.22% -4.24% 304,566 180.19 200.64 -5.64 -6.28 0.03 0.03 1.3300 1.48   -173.28%   -113.99% 28-Jun-2013 0.55 0.31 -9.76 0.41 -10.25% 0.05% 27-Aug-2013 0.565 0.31 -10.03 0.42 -9.97% 0.05%
31-Dec-2013 23-May-2013 31-Mar-2013 1 532,504 18,827 14,990 23,423 0 419,450 - % 2.82% 5.58% 303,949 175.19 194.69 7.71 8.56 0.00 0.00 1.3800 1.53   -44.86%   -78.64% 29-Mar-2013 0.525 0.30 6.81 0.38 14.68% 0.00% 23-May-2013 0.56 0.32 7.27 0.41 13.76% 0.00%
31-Dec-2012 27-Feb-2013 31-Dec-2012 4 513,044 39,168 35,125 42,477 0 304,818 - % 6.85% 13.94% 304,818 168.31 187.57 13.94 15.53 0.00 0.00 1.0000 1.11   -51.72%   -62.77% 31-Dec-2012 0.44 0.26 3.16 0.44 31.67% 0.00% 27-Feb-2013 0.505 0.30 3.62 0.51 27.59% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 3 493,430 85,955 78,038 87,989 0 440,412 - % 15.82% 19.98% 297,575 165.82 180.40 29.57 32.17 0.00 0.00 1.4800 1.61   -28.27%   23.11% 28-Sep-2012 0.41 0.25 1.39 0.28 72.12% 0.00% 30-Nov-2012 0.50 0.30 1.69 0.34 59.14% 0.00%
31-Dec-2012 28-Aug-2012 30-Jun-2012 2 889,867 138,473 122,590 122,671 0 453,589 - % 13.78% 27.04% 304,422 292.31 325.34 40.30 44.85 0.00 0.00 1.4900 1.66   11.84%   121.17% 29-Jun-2012 0.46 0.16 1.14 0.31 87.60% 0.00% 28-Aug-2012 0.42 0.14 1.04 0.28 95.94% 0.00%
31-Dec-2012 25-May-2012 31-Mar-2012 1 1,350,067 131,115 108,882 109,682 0 423,448 - % 8.06% 25.90% 304,639 443.17 493.59 36.00 40.10 0.00 0.00 1.3900 1.55   -3.87%   181.84% 30-Mar-2012 0.41 0.09 1.14 0.29 87.81% 0.00% 25-May-2012 0.41 0.09 1.14 0.29 87.81% 0.00%
31-Dec-2011 23-Feb-2012 31-Dec-2011 4 1,726,594 143,311 113,243 114,095 0 304,371 - % 6.56% 37.49% 304,371 567.27 631.25 37.49 41.71 0.00 0.00 1.0000 1.11   59.64%   315.42% 30-Dec-2011 0.41 0.07 1.09 0.41 91.43% 0.00% 23-Feb-2012 0.41 0.07 1.09 0.41 91.43% 0.00%
31-Dec-2011 21-Nov-2011 30-Sep-2011 3 2,255,327 95,322 74,026 71,470 0 349,955 - % 3.28% 20.42% 304,308 741.13 824.56 23.49 26.13 0.00 0.00 1.1500 1.28   28.86%   103.60% 30-Sep-2011 0.50 0.07 2.13 0.43 46.97% 0.00% 21-Nov-2011 0.41 0.06 1.75 0.36 57.28% 0.00%
31-Dec-2011 23-Aug-2011 30-Jun-2011 2 2,270,594 78,603 58,650 55,465 0 313,817 - % 2.58% 17.67% 304,677 745.25 830.14 18.20 20.28 0.00 0.00 1.0300 1.15   42.52%   277.47% 30-Jun-2011 0.75 0.10 4.12 0.73 24.27% 0.00% 23-Aug-2011 0.61 0.08 3.35 0.59 29.84% 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.


Analyze this stock with MQ Trader system
  6 people like this.
 
TheContrarian MGO creeping rules not allowing controlling shareholders to increase their shareholdings by more than 2% within 6 months period restrict the share buybacks. A breach of this 2% rule would trigger a MGO which the controlling shareholders do not want.
20/06/2021 12:09 PM
TheContrarian @investorbat, instead of another SCR, the controlling shareholders might attempt a MGO instead like what Tony Tiah did at TA Enterprise. But they are in no hurry. SCR is difficult to succeed because of strong opposition from the minorities (30% voted NO in the last SCR).
20/06/2021 12:17 PM
TheContrarian I think at the AGM/EGM in June 2020 (I am no longer shareholder by then) a 6% dividend was approved by the shareholders, to be paid within 24 months. Already 12 months have lapsed. MAA has more than enough excess cash to pay out the 6% dividend but the BOD are deliberately delaying it.
20/06/2021 12:35 PM
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