PE of 20.3x is for FY ending Sep2023 (not December 2023). Another 6 months (Oct2023 to Mar2024) have passed. One should check the 24Q1 (Oct-Dec2023) results which can be obtained from MKH 24Q1 report. And one can expect 24Q2 results to be good since the CPO has been trading at a higher price. As the trend shows, United Plantation is trading at near historical high.

Hi, anyone attended the AGM? Any takeaways on the next business?

Anyone attended the meeting? Mind to share the outcome?

Here you hv

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166470

Hi, you can check the announcement on Bursa. Stock code 5299. Thanks.

The future road map for IGB points to this. They will finally list their final part in their portfolio -- hotel assets --as REIT too, may be after 5 years from now. Eventually the parent IGBB itself will be delisted. There is little merits to be listed as such an illiquid stock. What is special about IGBB is that almost all of their assets are of top quality, including the precious land they own in London.

IGB berhad braves the rough and tough market for office real estates. I believe it says something about the underlying asset quality. There is no retail IPO but only through the current routes (buy 2 free 3) for retail investors, perhaps fearing of under subscriptions? I believe eventually the big part will be offered to EPF and KWAP, both are the current major shareholders of sister REIT, IGBREIT.

IGB has now offered online subscriptions (email + payment via internet banking. Need to make the paying account is the shareholder).

Adam, the media coverage is skewed, and retail investors tend to follow it, generally speaking.
1. PE of >30 is considered high but it is for 2019. PE should be based on future earnings, not history.
2. RM500mil was paid for dividends prior to IPO. These money belong to the shareholders anyway prior to IPO. They deserved it.
3. Concern about market saturation. Not really true, as the 2 new brands Mr. Toy and Mr. Dollar are just in its infancy. Mr. DIY is in its leadership position to gobble up market shares of smaller players through economy of scale.
4. More importantly, the logistics capabilities could be the most valuable assets. Its extensive network can be priceless for ecommerce in the coming years. Alibaba is doing just that -- focusing on offline retailing to complement its online sales, buying up some big retailers.

Anyone knows the expected final payout? Thanks.

Thanks Balvin. I will vote against and accumulate more. To me, it is quite unrealistic for them to offer only 1.10 with so much cash & cash equivalent, and it is almost like a cash-only company.

How difficult to sell shares in unlisted companies? Anyone can advise?

i hedged with the mother shares (bought about 1 year ago at around 62) and vote No. otherwise too risky.

i am holding millions of WA

Great!!!

Tan, when the results will be out?

It is clear the someone is determined to get this QA approved. Otherwise, there is no need to buy at 0.75 while the market is selling below 0.75....

Tankhaylong. Where can I find Bursa off-market transactions on the internet?

In the coming days, one should focus if there are more off-market transactions to get more indications.

Siva does not own more than 5%. If Siva owns more than 5%, he needs to file his shareholding to Bursa. There was no filing on Bursa thus far. Siva is definitely a yield investor. He emerged as the substantial shareholder (>5%) of CLIQ only after CLIQ failed.

MTD Capital and Tan Sri Azmil Family together own around 18%, not 28%, based on the latest filing
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5250905