Down again...
Oh dear!

On July 24, OCBC will likely be announcing that GEH shareholders can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.

There is still hope that after the kuchai SBagan swap deal...

SBagan can still sell the Great Eastern shares to OCBC within the three months

@ prudentinvestor
Buyers of KSeng are long term investors
Old man or rich people
They hold tight tight...cos it's highly undervalue!!!

Fewer n fewer scripts available in the market!
Should KSeng declare a bonus issue or special dividend
It will fly.

Hopefully directors of KSeng do some cooperate exercise to reward the minority shareholders!!!

JB theme play will be on....
Still young....
N KSeng will move up up slowly
Properties n industrial land selling very well
Higher n higher EPS!

Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open
Earn dividends from shares that are suspended from trading and wait for a richer future offer

Leslie Yee
Leslie Yee
Published Tue, Jul 16, 2024 ·

@ speakup
Not to worry

Probably there will be a healthy correction

N you can collect cheap !!
Good Luck

@Calvintan
Just in case u dun know how undervalue KSeng is

Rich assets

Kseng’s assets: (i) Net cash of RM1.106 billion (RM3.08 per share), (ii) Securities of RM414.94 million (RM1.15 per share), (iii) Rental properties valued at RM950.40 million (RM2.65 per share). The three assets are valued at RM6.88 per share (14% higher than the previous share price of RM6.01 on June 26). Other assets include 9,436 acres of land bank in Iskandar (refer to 2012 and 2023 reports).

2. Cash is king

Of the net cash of KSeng, 384 million is in SGD and 329 million is in USD. These two strong currencies and the Malaysian ringgit deposits earned 32 million ringgit in interest and 25 million in foreign exchange income. Therefore, Keck Seng has a solid fundamentals with huge deposits and strong cash flow.

3. Land is the king of kings

When inflation is high and money is depreciating, land can maintain its value and generate gold. KSeng owns about 9,400 acres of land in Iskandar Special Economic Zone, with huge potential for industrial development. It can be said to be the Iskandar land king among Malaysian property stocks


Think of RTS
Think of JB new Shenzhen
Think of SPZone agreement in September

Properties n industrial land selling very well in JB

KSeng can be 7/8/10/20/30 dollars in ten years time
On the conservative side

May even touch 7/8/9/10 by year end
Nobody knows

We wait for the coming quarterly reports n watchs it's EPS

"Better sell overvalued Kseng and buy Rsawit now full of value"

Sure boh?
Be honest n write with integrity!
Prosper the righteous way....

Now low
Accumulation phase.

Later shoot up

50-50

All not sure if the great Eastern shares will be sold to OCBC or not!

My guess is...

SBagan will sell the Great Eastern shares to OCBC within the 3 months after acquisition from Kuchai.

Deal with kuchai is still on going. Takes some time!

GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months

Cresendo sold it's land at 5 million per acre
Sunway sold it's land at 6 million per acre

Land assets inflation higher than food inflation!

If u believe in Rafizi story
Iskandar development n industrialisation will be faster than Klang valley

Have a good investment mind.
Set Ur directions right!!!

GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months...

The date of transfer refers to the date on which OCBC’s shareholding crossed 90%, on June 25. On July 24, OCBC will likely be announcing that GEH shareholers can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.

OCBC group CEO Helen Wong unveiled a One Group strategy last year. GEH is likely to be part of that strategy. Interestingly, analysts have pointed out that OCBC doesn't charge GEH any bancassurance fees as these are not indicated in its annual report. In 2019, United Overseas Bank U11 0.03% and Prudential renewed a bancassurance agreement for 15 years for $1.5 billion over the course of the 15 years.

Oversea-Chinese Banking Corporation’s offer for Great Eastern Holdings G07 0.00% closed at 5.30pm on July 12. OCBC now holds 93.52% of GEH. On June 25, OCBC’s ownership crossed 90%. As a result, GEH shares will be suspended on Monday July 15.

Accordingly, the offer is no longer open for acceptance and any acceptances received after 5.30 p.m. (Singapore time) on 12 July 2024 will be rejected. However, shareholders who have not accepted the offer can still require the offeror to acquire their shares at the offer price pursuant to Section 215(3) of the Companies Act.

This says the transferee or offeror must, within one month from the date of the transfer, give notice to holders of the remaining shares that haven’t been tendered, that they can still tender their shares, and OCBC will have to accept them

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY")PROPOSED DISPOSAL BY
PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF
A VACANT INDUSTRIAL LAND LOCATED IN THE MUKIM OF PULAI, DISTRICT OF JOHOR
BAHRU, STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM115,877,876.40
("PROPOSED DISPOSAL")

KLK oso down.....
Low can go lower!

Hopefully drop more!
RM17.50 will be good buy

Agree
Just buy n keep..

Dividend not bad!

Can buy....
Buy n keep..
Little or no risk!

Divfex Berhad’s strategic involvement in the data centre business and its ability to capitalize on Malaysia's data centre boom have positioned it for sustained growth and success. The company’s investments in advanced infrastructure, strategic partnerships, focus on sustainability, and enhanced service offerings enable it to meet the increasing demand for data solutions. As Malaysia continues to attract substantial investments in the data centre sector, Divfex Berhad is set to benefit significantly, driving its growth and contributing to the digital transformation of businesses across the country.

Enovix up up 🚀
YBS up up 🚀

Highlights
Massive growth potential. YBS entered into a master service agreement with Enovix Corp (Enovix) to manufacture state-of the-art silicon-anode, lithium-ion batteries in its plant in Penang. This technology breakthrough by Enovix is patented and enables higher energy density and capacity without compromising on safety. The pressing needs of an increasing battery size to cater for applications and artificial intelligence (AI) opens up massive opportunities for this new technology, especially when the device size is maxed out. Based on company disclosure, there is a total addressable market of USD12bn (1.2bn units) in the smartphone segment alone, and another USD12bn in IoT and computing segments. It can be widely used in wearables and IoT, smartphones, laptops and tablets, and in the industrial, medical, and EV industries. In addition, the cell architecture has thermal advantages to enable fast charging, improving the lifecycle that is suitable for EVs in the product roadmap rollout.

Investment Case..
...... YBS
Huge upside potential, sensible valuation. We believe the successful commercialisation of Enovix’s product will contribute to a huge spike in production volume – which should fuel YBS’ exponential earnings growth in the years to come. Best of all, the risk is very minimal for YBS (being the contract manufacturer) – given the volume undertaking by Enovix regardless of whether the commercialisation of the product is successful or not. Based on a target P/E range of 20-22x on FY25-26F earnings, we derive a FV range of MYR0.98-1.40. We believe our valuation is fair, as it is still at a discount to KLTEC’s 5-year mean P/E of 25x.

https://enovix.medium.com/how-ai-is-killing-your-phone-battery-283280870cc8

Hit RM1.20 soon!

Rocket up dy!!!

KSeng is undervalue Fundamentally very strong counter
Capable of giving higher n higher dividend with time.....

Think of JB new Shenzhen Think of RTS


https://klse.i3investor.com/web/blog/detail/sinchew_company_story/2024-07-01-story-h-157947783

Google translate if I dun understand mandarin!

@hoplanner

KSeng has industrial land in Pasir Gudang

Future launching

KSeng is launching Taman Tanjung Puteri Resort Tech Park, Malaysia in Pasir Gudang
A total of 1120 acres ..in second half 2024

It will be developed in 6 phases!

This sales will increase KSeng's profits by leaps n bounds in the coming quarters!

Hold tight tight!
Good fundamentals n strong earnings in coming quarters!

Buy 14.08
If can fall below RM14
Add....

July 12 th closing date!!!!

KUALA LUMPUR: Chin Teck Plantations Bhd is projected to achieve commendable results for its financial year 2024 (FY24), due to the stronger-than-anticipated fresh fruit bunches (FFB) growth in the first nine months and stable crude palm oil (CPO) prices.

Public Investment Bank Bhd (PublicInvest) said the FFB production rose by 19.9 per cent year-on-year (YoY) to 177,967 metric tons in the first nine months, surpassing its projection of 5 per cent.

"In the third quarter (3Q), FFB production surged by 59.8 per cent YoY to 60,693 metric tons, while the average CPO price increased from RM4,044 per metric ton to RM4,128 per metric ton.

"Given the improved FFB production and CPO prices, we anticipate stronger earnings for the third quarter of the of the financial year 2024 (3QFY24) (March 2024–May 2024), with results expected to be released by the end of July," it said.

Additionally, the bank-backed research firm noted that, with a substantial cash reserve of over RM400 million, Chin Teck is well-positioned to explore merger and acquisition (M&A) opportunities to expand its landbank in its current plantation areas.

On the potential privatisation of the company, PublicInvest said it cannot be ruled out given the significant discount to its underlying value, as the company's price-to-earnings P/E ratio stands at only 2x after accounting for its cash holdings of RM409 million and investment securities of RM140 million.

"In our March 25, 2024 report, we highlighted the potential for privatisation due to the significant discount to the company's underlying value, with the fair value estimated at over RM900 million, or RM9.84 per share.

"At the current share price, the Goh family would need approximately RM150–200 million to privatise the group, which holds a cash reserve of RM409 million," it said.

PublicInvest has maintained a 'neutral' rating for Chin Teck with an unchanged target price of RM8.38.

Kuchai is still holding the GE shares

Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???

Currently kuchai has not swapped it's shares with SBagan

Kuchai is still holding the GE shares
Can kuchai sell the shares to OCBC?

Oversea-Chinese Banking Corporation (OCBC) has issued a response to the letter sent by the Securities Investors Association Singapore (SIAS) on June 21.

In its letter, SIAS posed six questions pertaining to OCBC’s decision to stick to its original offer price of $25.60 per Great Eastern (GEH) share, key factors that led to the offer price, and more.

In its response dated June 27, OCBC explains that it already considered the “methodology, analysis and opinion” of its independent financial adviser (IFA), EY, before making the offer.

“We note the IFA, following the detailed analysis it has undertaken, had considered the traded multiples of comparable companies across various metrics, versus the multiples implied by our offer,” said the bank, adding that its offer price represented a 36.9% premium to GEH’s last-traded price the day before its privatisation announcement on May 10.

The letter, dated June 27, comes after GEH’s free float fell below the regulatory 10% on June 24.

“We further note that the IFA has opined that the offer is not fair but reasonable and has advised the independent GEH directors to recommend that GEH shareholders accept our offer and the independent GEH directors have concurred with the IFA’s recommendation,” continues the release.

INGAPORE - Minority shareholders of Great Eastern (GE) who are holding out for a better exit offer from OCBC Bank may be in for a long wait. How long?

Twenty years or so, if history is anything to go by.

https://www.theedgesingapore.com/news/ma/great-easterns-free-float-falls-below-10-it-may-need-restore-free-float

Latest news

Presently, and mindful of the 10% free-float rule, investors in GEH are concerned that the purchase price on June 19 is at a significant discount to GEH’s embedded value of $37.81 per share in FY2022. This, in turn is 2% lower than FY2021’s $38.57.

Embedded value is the sum of the value of In-Force Business and the value of the adjusted Shareholders’ Funds. The value of the In-Force Business is calculated using cash flow assumptions for future operating experience and are discounted at a risk-adjusted discount rate. The value of the In-Force Business varies from traditional DCF methods to arrive at an NPV because the risk-adjusted discount rate and allowance for the cost of holding statutory reserves for risk are approximates.

The economic value of one year’s new business rose by 7.1% y-o-y in FY2022 to $860.4 million. However, shareholders’ equity fell by 6% to $9,431.4 million.

The closer OCBC’s stake gets to 90%, the stronger the likelihood of compulsory acquisition by OCBC

SGX rule very very strict!
Fair n transparent!
They act fast too

If can be sold at a higher price @zhlim
Would even be better!!!

@Dompeilee
Good that SGX has such a rule
Probably it's only a matter of time that the great Eastern shares will all be sold to OCBC.

Let's wait patiently!

The offer price represented a 36.9 per cent premium over GE’s closing price of $18.70 on May 9. However, it was also 30 per cent lower than the insurer’s $36.59 per share embedded value as at the end of the insurer’s last financial year.

OCBC had received acceptances for 1.74 million GE shares, or 0.37 per cent of the total, as at the end of June 13.

This raises the bank’s stake in GE to 88.8 per cent, and to 89.01 per cent if the number of shares held by OCBC’s concert parties is included. Concert parties refers to a group of investors who buy shares in the same company.

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OCBC’s offer to Great Eastern shareholders ‘not fair but reasonable’, shareholders should accept it: EY
Prisca Ang
Business Correspondent
UPDATED JUN 14, 2024, 09:52 PM
FacebookTelegram
SINGAPORE – OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14.

In a separate statement after EY’s filing to the Singapore Exchange, OCBC said its $25.60 a share offer price is final and will not be increased. The bank also extended the offer’s closing date from June 28 to July 12.

OCBC made a $1.4 billion bid on May 10 to take its insurance arm GE private following recent shareholder unhappiness over falling returns. Its voluntary, unconditional general offer was for the 11.56 per cent stake in GE that it does not own.

OCBC intends to delist GE if the free float requirement of 10 per cent is not met, noted EY in a letter to independent directors that advised them on making recommendations to GE shareholders.

9 months nett profits 31.010 million
Increased by 116.54%

@Dompeilee
Congrats!
Happiness!
Good Luck!

Pray pray deal will go through n OCBC will offer a higher price to take over!

Why?

Kluang share price keep going up!

Singaporeans very legalistic!

EY the financial adviser will advice !
Chances are...
The deal will go through!

Mr Wong Hong Sun, whose grandfather was chairman of Great Eastern for close to 20 years, holds more than three million shares. “Even if I am not sentimental, I won’t sell,” he said. “Half price is no way.”

Can the deal go through?
🤞🤞

I pray pray the shareholders will accept the offer n the deal goes through!

Yes
If deal does not go through SBagan will go back to 3.60...