If 70% stakes sell at USD100Mil (RM470Mil) = RM1.13 per share

If 70% stakes sell at USD200Mil (RM940Mil) = RM2.25 per share

It will trigger "General Offer" for the remaining share if Quek selling his 70% stakes.

Tan Sri Quek want to sell SSTEEL at RM1.50

(Oct 25): Hong Leong Group, a conglomerate controlled by billionaire Tan Sri Quek Leng Chan, is considering selling its majority stake in Southern Steel Bhd. and seeking a valuation of as much as US$200 million (RM944 million) for the unit, people familiar with the matter said.

The company is working with advisers on the planned divestment of its 70% stake in the Kuala Lumpur-listed arm, the people said. A deal could value Southern Steel Bhd between US$100 million to US$200 million, the people said. At the top of the range, it would be more than double the firm’s current market capitalisation of about US$76 million.

Hong Leong and its advisers have reached out to companies in the same industry as well as financial investors to gauge their interest, the people said, asking not to be identified as the information is private. Deliberations are ongoing and the Malaysian conglomerate could still hold onto its stake, they added.

OTHERS AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY")

Waooo. My Awantec finally come. Bursa extend the time to submit regulation plan ?

PPJACK punters goreng EMCC.

Heard will goreng to 50sen wow.

When a company is taken off Bursa Malaysia because it has an inadequate level of business to justify its listing, the affected parties are the minority shareholders. They are forced into a position of disadvantage because an unlisted entity does not come under the oversight of a body such as Bursa or the Securities Commission Malaysia (SC).

For example, the minorities of Nylex (Malaysia) Bhd and Awanbiru Technology Bhd (Awantec) saw 50% of the paper wealth of their investments in these companies wiped out last week. This was after Bursa rejected the appeals of the companies for an extension of time to submit a regularisation plan to get a core business.

Awantec has been without a core business to sustain its operations since December 2020 after Microsoft terminated its membership of the partner network. This was a second setback for Awantec, previously known as Prestariang Bhd.

In December 2019, the Pakatan Harapan government terminated the company’s 15-year concession to design and maintain a new immigration border system. Awantec is seeking compensation of up to RM922 million for the termination. The suit is still pending.

Also, Awantec, through its subsidiary Prestariang Sdn Bhd, is one of the three companies with the mandate to manage the migration of government data to the cloud.

As for Nylex, it has been without a core business since January last year after it disposed of its assets and liabilities to Ancom Bhd in a merger exercise. Nylex is an empty shell without any core business at the moment.

Nevertheless, it is supposed to be the vehicle for a proposed light rail transit (LRT) system to be built in Johor.

Neither Awantec nor Nylex is financially distressed. The issue at hand is that the companies do not have an adequate level of business to continue as listed entities.

In this respect, the boards have the fiduciary duty to cast their net wide to help the companies get a core business to fulfil Bursa’s requirement. If they are unable to get a core business, the losers will be the minorities. And the boards should be brought to task.

The regulators should protect the minorities. But by delisting the companies, they are doing just the reverse.

Maybank IB Re-initiates Coverage on AirAsia X, Forecasts Record FY2023 and FY2024 Core Net Profits

KUALA LUMPUR (July 27): Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a “buy” rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid-19, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-pandemic.


Source: Maybank IB
In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.

“Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

“With nearly 100% upside, we re-initiate coverage on AAX with a 'buy' call. Catalysts are: (i) lifting of Practice Note 17 classification; (ii) more upside from 49%-owned Thai AirAsia X; and (iii) more upside from acquisition of Capital A Bhd’s short-haul airlines,” he said.

CAPITAL A drop but AAX up ... what happened ?

Why suddenly AAX up so much during market consolidation ?

Anyone know why AAX suddenly up so much ? Any comment, please share here.

Maybank likely up AAX target price to RM5.00 after out from PN17. AAX expect will be uplift from PN17 soon.

AAX BREAK RM2.55

AAX BREAK RM2.53

AAX BREAK RM2.52

AAX break RM2.50.

If no mistake, should be today.

Last min sapu, look like good news no far away.

Just buy and hold for upliftment. After upliftment, share price above RM3.00+

DRBHCOM worth at RM2.80-RM3.00

SIME privatise UMW. Will Syed Mokhtar doing same to privatise DRBHCOM ?

DRBHCOM will be next to be privatise?

Going to break 60sen very soon.

Catcha rose too fast. Need consolidation first.

Rebound !!

After sharp rise, need some correction before another uptrend.

Dun buy in now. Wait the price stable first. No rush to enter.

Break above 50sen again.

Top Builders i bought at 17sen, sold at 25sen. Any problem ?

wallstreetrookieNEW
RHB Analysts went to visit the mgmt

True or not ?

There are alots news in the market regarding the Catcha. I no sure which one is accurate. If i know 100% accurate, i already put in all my money le.

SoftBank Group Corp. (ソフトバンクグループ株式会社, SofutoBanku Gurūpu Kabushiki gaisha) is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management.[2] The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation.[3] With over $100 billion in capital at its onset, SoftBank’s Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.[4][5][6]

The company is known for the leadership of its controversial[7][8][9][10] founder and largest shareholder Masayoshi Son.[11][12][13] Its investee companies, subsidiaries and divisions, including several unprofitable unicorns,[14][15] operate in robotics, artificial intelligence, software, logistics, transportation, biotechnology, robotic process automation, proptech, real estate, hospitality, broadband, fixed-line telecommunications, e-commerce, information technology, finance, media and marketing, and other areas.[16] Among its most internationally recognizable current stockholdings are stakes in Arm[17] (semiconductors), Alibaba[18] (e-commerce), OYO Rooms[19] (hospitality), WeWork[20] (coworking) and Deutsche Telekom[21] (telecommunications). SoftBank Corporation, its spun-out affiliate and former flagship business, is the third-largest wireless carrier in Japan, with 45.621 million subscribers as of March 2021.[22] Poor investment decisions of Masayoshi Son’s SoftBank Group led to a panoply of losing investments across the history of the company.[23][24]

SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world[25] and the second-largest publicly traded company in Japan after Toyota.[26]

The logo of SoftBank is based on the flag of the Kaientai, a naval trading company founded in 1865, near the end of the Tokugawa shogunate, by Sakamoto Ryōma.[27]

Although SoftBank does not affiliate itself to any traditional keiretsu, it has close ties with Mizuho Financial Group, its primary lender.[28]

CATCHA team up with SOFTBANK to expand the business in ASEAN.

Catcha I-Gov receive the contract under Budget Madani announce today ?

Walaooo, punter just want to wash out retail players. Many ppls kena sold out this morning.

Karex look like will limit up today, market rumour TopGlove offer to buy Karex at RM1.00 per share.

Is it true TopGlove offer to buy Karex at RM1.00 ?

Any target price ?

Topglove offer RM1.00 to buy up Karex ?

i thought will rise after market open this afternoon. If good news also cannot rise, i will sell first.

buy back at 0.195, sell at 23sen.

buyer lai liao.

Market going to close for lunch time break. Better buy now, Sure open gap up at 2.30pm.

Orion going to turn green liao. Super good news

Wah .. good news. Orion going to rebound. Buy now !

在这轮油气股大涨中，还又什么股可以买？
https://klse.i3investor.com/blogs/KYY/198219.jsp

Those selling this morning will regret to do so. I will keep accumulate at this price.

Thank those selling to me at 17.5sen.

Ikhmas buyer pop up liao. Open gap up at 20sen ?