YTLPIWR at No 26?

Where to search top 30 companies in Bursa Malaysia based on capitalization 2023

Joining the 'positive thinking' group. Added.

Structured co-warrants got time decay. Every 20 days it will drop 1 bid (including Saturday, Sunday and public holidays). Those gamble in HSI co-warrants and put-warrants even worse. Everyday the value drops 4% of the previous day price. Because it is cheaper, gamblers buy a lot. It is very hard to predict whether HSI will go up or go down. 10 gamblers, 9 will lose because it must be FIFO (fast in fast out).

Since YTLPOWR-C33 was mentioned, I would like to give comments on structured co-warrants. Out of 10 persons, 9 persons will lose in gambling co-warrants. Lets take today's MBMR C1 for example. All investment banks give warrant matrix (linking the co-warrant price and the mother share price) except CIMB. You should print out the warrant matrix. Today it is the ex-dividend of 26 sen for MBMR. The value of the MBMR-C1 starts with 20 sen lower value compared to cum-dividend. Mother share holders will be given dividends but co-warrant holders are not entitled for any dividend. Mother share drop an additional 8 sen, and the co-warrant follows the mother share to drop.

YTLPOWER got strong support from OTB 1,000 followers whereas YTL got no such support. I will add YTLPOWER little by little.

Still waiting for the announcement of the date of EGM to pass the take-over of UMW.

RM0.26 dividend ex-date. It begins with an adjusted price of RM3.88. It is supposed to cover the gap of 26 sen by going up. Instead, it went down another 8 sen.

Dividend ex-date. Adjusted RM0.10 to begin with RM2.15. Today closing already recover RM0.03. Still got RM0.07 to bbe pushed up so that the given 10 sen dividend is free.

No volume. Difficult.

@kokchengkai, thanks a lot for the information of Sime Darby has acquired 61% of UMW shares. I found the announcement already. The next thing is the EGM for shareholders approval for this take over.

Hopefully tomorrow YTL will recover. Up down, up down... is normal in share market.

Dear Mr Calvintaneng, is an EGM required for the Mandatory General Offer?

Dear Calvintangeng,
For Tmakmur
MGO was RM1.80
but at the end price was raised to RM1.90.
===============================
When will KLK announce the higher end price (Shall there be any raise)?

Based on UMW superb 2n quater results, I hope Sime Darby could raise the MGO price to RM5.10.

Dear kokchengkai, can you kindly please let us know the page number of UMW quarter report which states that Sime Darby has already acquired 61% of UMW.

From : calvintaneng

Normally, the final last trading day will eventually be near to offer price.

But those who did not sell will get payment as stated unless revised higher.

For Tmakmur:
MGO was Rm1.80,
but at the end, the price was raised to RM1.90.

For TheStore :
MGO was Rm3.52,
later MGO was revised up to RM3.70.

The final price for THESTORE was RM4.00.


Can the MGO for UMW be raised to above RM5.00? Hopefully...🙂

@pang72, UMW has 38% stake in Perodua. So, I thought when UMW goes up, MBMR also goes up. But it goes down. Still got hope or not for MBMR?

I notice every time UMW rebounds, MBMR follow to rebound.

@pang72, ex-date of dividend is 7 Sept 2023. The day you must keep the share is 6 Sept 2023. Is it?

@rohank71, what is BHB? Where to find 9 Sept 23?

Dividend 26 sen is good but the share price will be adjusted down 26 sen. The share price got to climb back 26 sen, then only it is considered free dividend.

@kokchengkai, nothing to worry one. Sime and UMW are established companies. Everything will run smoothly.
At this moment, Bplant is left with only 2 sen premium but UMW premium has widen to RM0.40. Need a lot of mental strength.

Sime Darby to Acquire UMW
Deal Will Cement Group's Position as Malaysia's Leading Automotive Player

Sime Darby Berhad (“Sime Darby”) today announced that it has entered into a conditional share purchase agreement (“SPA”) with Permodalan Nasional Berhad (“PNB”) to acquire PNB’s 61.2% stake in UMW Holdings Berhad (“UMW”), a well-established conglomerate with a diverse portfolio of businesses including automotive, equipment, aerospace and manufacturing & engineering (M&E) segments.

Under the terms of the agreement, Sime Darby will purchase PNB’s 61.2% stake for a total cash consideration of RM3.57 billion or RM5.00 per share. Once the agreement becomes unconditional, Sime Darby will be making a general offer for the remaining 38.8% stake that it does not hold with the aim of delisting UMW from Bursa Malaysia.
“This is a strategic move to further scale up and strengthen our presence in the Malaysian automotive sector, adding two highly performing brands into our Malaysian portfolio – Toyota and Perodua. The deal will cement Sime Darby’s position as Malaysia’s leading automotive player,” said Dato’ Jeffri Salim Davidson, Sime Darby Berhad’s Group Chief Executive Officer. "As a partner of choice to some of the most admired brands in the automotive sector, we are very excited to have the opportunity to work with Toyota, one of the world’s largest and most respected automakers.”

The acquisition is accretive to Sime Darby’s earnings per share and will enhance Sime Darby’s shareholders return.
Sime Darby expects the acquisition of PNB’s stake to be completed within 3 months from the date of SPA subject to regulatory and shareholders’ approvals and customary closing conditions.


For further information, please contact:

Kadir Danial Kadir Roslan
Kadir.Danial@edelmansmithfield.com
0192220296

Aishah Afandi
Aishah.Afandi@edelmansmithfield.com
0164466747

Japanese (Toyota) do not agree with the takeover? Then please go down to < 4.00. I will shift to Bplant.

@SincereStock, thanks for your idea of trading the UMW stocks. I am no good in trading stocks. I just limit 100 units per day. If go down, buy 100 units. If go up don't bother.

Why still chasing after MBMR? UMW for sure will get RM5 at the end of 1st quarter next year 2024.

The process of Sime Darby taking over UMW to be cimpleted by 4th quarter this year 2023. The process of MGO (Mandatory General Offer) to be completed by 1st quarter next year 2024. Still a long way to go.

*on the day before the ex-date 1.54/1.55.

@calvintaneng, I am a newbie in Mandatory General Offer (MGO). Assuming nothing goes wrong, will the price of BPLANT be 1.54/1.55?

@Dear Calvintaneng so is it like bonus issues where the registrar of KLK (Symphony Share Registrars Sdn Bhd) will fix an ex-date (day of supension of trading) for the general offer of Bplant?

@Calvintaneng, Thanks a lot for your reply.

Dear Calvintaneng,
Are the steps to take up the general offer are like this:
1. KLK send proposal to Bursa Malaysia.
2. After Bursa Malaysia gives approval, an EGM is held to get shareholders approval.
3. A letter will be mailed to shareholders.
4. Shareholders fill in the form and send back to KLK registrar.
5. The Bplant shares will be debited from our CDS a/c.
6. The RM1.55 per share will be deposited into our bank account.

Dear Mr Calvintaneng,
Can you please list down the steps investors should do for the general offer of Bplant?

UMW has 38% stake in Perodua. UMW is taken over by SIME. That is all I know.

Dear anyone MBMR investor, can anyone please explain to me why you all are chasing after MBMR (I know it is 20% of Perodua).

To: cgtan2020

By: BursaMaster121212


YTL will report very strong results.

Rebecca Yeoh had just send out invitation to all the fund manager....prepare for celebration.

It is today.

Afternoon break is white in colour.

Long term BPLANT shareholders happy loh. Now just wait for the general offer. We all here see sideway trading. I do not think the 4th quarter result tonight will help much.

The resuts on 25 Aug 2023 is only a guess. It will be 25 Aug and 30 Aug.

Congratulation to all the long term holders of BPlant. I was thinking let me sell YTL first (after its quarter results on this coming Friday) and transfer to BPlant.

@M55556, kali ini keputusan suku tahunan keempat akan keluar pada hari Jumaat ini. Isnin depan mesti jual.

Many people has very high expectation on Friday results. Don't know whether or not it meets the expectation.

Still flat. Boring.

Today hopefully can trade at 1.38 - 1.39. Next week, we can say good bye to 1.40.

I only got YTL but not YTLPOWER.

FTSE ASIA PACIFIC INDEX
Hapseng and YTLP up because on of inclusion into the FTSE ASIA PACIFIC INDEX.
TheEdge Market News.

@pang72, today already close at RM1.38 (your target on coming Friday achived).

Cuci bersih-bersih supaya pemegang lemah juat kuat-kuat.

Hopefully, next week YTL can trade between RM1.36 to RM1.39. Then on 25 August 2023, after market close, we can see an unbelievable 4th quarter results for it to gap up on 28.8.2023 (next, next Monday.)