StockCuriosity

What Exactly is Going on in APB Resources Bhd?

100Mark
Publish date: Thu, 15 Jun 2023, 12:36 PM

Imagine waking up one morning and finding out that the quiet stock you invested in has suddenly skyrocketed overnight. That's exactly what happened to the shareholders of APB Resources Bhd ("ARB") when they were treated to an unexpected breakfast special of a limit-up share price, hitting a morning high of a whopping RM3.290.



Now, you might wonder, "Who is ARB?" Well, ARB is your typical behind-the-scenes hero. They're the ones crafting the specialised design engineering equipment for various heavy industries—petrochemical process, chemical, oil palm processing, you name it—and offering non-destructive testing services to boot.

Here's the real kicker, though—the rollercoaster ride was triggered by the arrival of a new VIP in the form of Dato’ Koon Poh Tat. Dato' Koon isn't just anybody—he's the co-founder and executive director of the industrial giants Press Metal Aluminium Holdings Bhd (“PMAHB”) and PMB Technology Bhd (“PTB”). These companies are the stuff of legends in Malaysia, and when someone like Dato’ Koon takes a 5.73% slice of the ARB pie, you know there's some tasty potential waiting to be served.

Currently, ARB is flexing its muscles with a Price to Earnings Ratio (PER(x)) of 27.16 and a sturdy dividend yield of 3.98%. Don't let the seemingly higher PER(x) fool you—it's a product of the ebb and flow of financial results. But with PMAHB and PTB now tied into the equation, we might just see a wave of positive change.

But wait, there's more. ARB's been adding some new all-stars to their lineup. The Board of Directors has welcomed Dato Sri Abdul Rahim Jaafar as the new chairman, with Mr. Liaw Wei Gian and Mr. Chin Choon Wei stepping onto the field as executive directors. These two gents come from Artroniq Bhd; a company known for its bold strategic moves. Could this mean we'll see a new game plan for ARB in the future?

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment