calvintaneng, keep posting the facts and figures and just ignore those with negative thought about GSB or others stock that you have posted. I have been holding GSB from 2014 onwards and still holding on, and I believe GSB will shown it's true value sooner ot later. Anyway what is the target price and intrinsic value for GSB.

Anyone attending the AGM today, Please update. Thanks.

The Kelantan government has declared the bird flu (H5N1) outbreak in the state according ti Malaymail online.

Slowly and more buying @ 0.28, stock moving uptrend with volume increase, good sign.

According to Bursa filing, CEO and major shareholder of Careplus dispose of 5 millions shares through third party married deal @ RM 0.28 on 6/12/2016. Something is brewing up for Careplus.

Top Glove is looking to M & A by end of Drecember,2016 according to The Weekly Edge.

Careplus might be a possible choice for Top Gloves with the current price compare to Esceram.

Due to higher natural gas cost and expansion cost from the ongoing projects as follows :-

1) Careglove Global installation of another (1) double former line will be completed in the 4th Quarter.

2) Careplus (M) installation of another (1) double former line will be completed in the 4th Quarter and reconstruction of Block D has recently commenced and is expected to be completed in the 2nd quarter of 2017.

1 US$ = RM 4,52277 @ 10.18AM

1 US$ = RM 4.4754 @ 9.56AM

1 US$ = RM 4.4019 @ 9.04AM

1 US$ = RM 4.3805 @ 8.57AM

1 US$ = RM 4.3465 @ 7.04AM

cnyang, related party transaction of RM 43 millions are from the subsidaries company's controlled by the Director's or it Shareholder's.

1 US$ = RM 4.2534 @ 12.27PM

The Edge Financial Daily yesterday (19/10/2016) quoted Tan Sri Lim from Top Glove saying, we continue to see rising demand for nitrile glove from (both) developed and developing countries, adding that the new growth markets are Argentine, Columbia, Brazil, Eqypt and Saudi Arabi

RM 0.325 is for those who play contra on daily basic, the most it will go up to RM 0.34 if no good news forthcoming. For those long term buyer, 0.425 is the resistant level, so we hope those contrarian will slowly push up the price to the resistant level. Also, watch out for the 3rd quarter result (announce by end of Nov'16) and 4th quarter result (announce by end of Feb'17),.
14/10/2016 10:42

It's time to buy, if you believe in it. Once it cross 0.425, than the show will start. Hold on to your seat belt.

Annual Report 2015, notes to the financial statements no. 29 on page 74 on significant events as follows :-

(iii) On 24 December 2014, GSB Hotel Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the mixed development and construction of hotel and commercial project on a parcel of land measuring approximately 3.0 acres in the District of Bentong.

Pursuant to the PMA, GSB Hotel Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd.is responsible for the construction and sales of the development products.

GSB Hotel Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 57,833,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 3 years from the commencement date.

(iv) On 24 December 2014, Banda Industries Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the development and construction of residential buildings on a parcel of land measuring approximately 32.53 acres in the District of Bentong.

Pursuant to the PMA, Banda Industries Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd. is responsible for the construction and sales of the development products.
Banda Industries Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM
142,167,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 4 years from the commencement date.

Finnaly it going to launch in January, 2016.

i believe GSB will be one of the star performance in year 2016. Sit and watch it move. I hope it will close the year around 0.17.

In "THE EDGE - 28/12/15 ~ 03/01/16" report that GSB to be property arm of Fututech's Datuk Tee Eng Hoe.

KUALA LUMPUR (Dec 18): Fututech Bhd executive director Datin Toh Siew Chuon has purchased a 16.7% stake in GSB Group Bhd, which manufactures optical disc storage media and is also involved in property development, for RM8.8 million.

In a filing with Bursa Malaysia today, it was revealed that Toh, 49, along with Tee Eng Tiong, 37, and Tee Eng Han, 40 (both brother's of Fututech Chairman), had purchased 88 million GSB shares, or a 16.7% stake, on Dec 16, 2015 through their private vehicle Javawana Sdn Bhd. The subscription was undertaken via a private placement of GSB shares.

The issue price for the placement shares was fixed at 10 sen per placement share on Dec 2, representing a 6.2% premium to the volume weighted average market price of GSB shares up to and including Dec 1 of 9.42 sen per share.

With the purchase of the 16.7% stake, Javawana will be the second-largest shareholder in GSB after Suria Bitara Sdn Bhd, which has an 18.29% stake in the company.

DESCRIPTION : OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE
OPTION SCHEME (ESOS) OF THE COMPANY

The details of the Options offered to the eligible persons of the Company are set out as below:-

1. Date of Offer of the Options : 3 December 2015
2. Exercise Price of Options Offered : RM0.10
3. Number of Options Offered : 30,060,000
4. Closing Market Price of the Company’s shares on the Date of Offer : RM0.10
5. Number of Options offered to the following Directors of the Company:-
(a) Loy Kwee Keow - 2,000,000
(b) Gan Pik Mui - 3,500.000
(c) Ir. Liaw Boo Lai @ Leow Bong Lai (D.S.M.) - 2,000,000
(d) Gan Boon Kat - 3,300,000
6. Vesting Period of the Options Offered : Maximum Percentage of Options

Exercisable in Each Year Commencing From Date of Offer
(On a Per Offer Basis)
Year 1 Year 2 Year 3
35% 35% 30%

Kindly take note that the Company need to purchase the share in the open market in able for the Company's to issue the ESOS.

Anyone knows, who pick up the private placement shares of 88 millions @ RM 0.10 as per yesterday news.

Over the weekend, I go through the Annual Report 2015, and find that the notes to the financial statements no. 29 on page 74 on significant events get to my attention as follows :-

(iii) On 24 December 2014, GSB Hotel Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the mixed development and construction of hotel and commercial project on a parcel of land measuring approximately 3.0 acres in the District of Bentong.

Pursuant to the PMA, GSB Hotel Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd.is responsible for the construction and sales of the development products.

GSB Hotel Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 57,833,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 3 years from the commencement date.

(iv) On 24 December 2014, Banda Industries Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the development and construction of residential buildings on a parcel of land measuring approximately 32.53 acres in the District of Bentong.

Pursuant to the PMA, Banda Industries Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd. is responsible for the construction and sales of the development products.
Banda Industries Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM
142,167,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 4 years from the commencement date.

Time to buy before it move higher and higher. All the best.

wiki123, The Private Placement Proposal was summitted to SC by HLIB last Thursday, and it will take at least 2~3 months to get approve.

If the quater results that will be release by before or end of this month, and if it's positive, then why not the placement price by higher than 0.11. That is my opinion.

Hi feizai, IMO, the roller coaster price is due to panic selling on news about 20% Private Placement Proposal annouce on Tuesday by HLIB and the contra player's take this oppotunity to sell high and buy low. Once it go down to 0.10, the seller stop, and 0.01 mean alot to the contra player's.

And see now, it goes back to 0.11. Feel free to buy at the price's you are confortable with, weather is below or above 0.11 and sit and wait

Anyway, decision to buy is at your hand not others.

Wish you good luck.

Pengerang status not approved by DOE, in a way good for the Company's, so that they don't have to streach the cash flow to the limit and also, they can concentrate on Tg. Piah project.

Today, i happen to send my car to Nissan Glenmarie to service, and benalec office is at the opposite at the far end, and the office is open as usual.

Hi feizai, if you intent to buy for long-term investment, just buy at the price you fill comfortable with, as for me, any price below 0.12, i'm ok.

To me, the counter is a hidden gems, like i spoted Gadang when the price is below 0.55 sometime in early 2013, and it went up all the way to 2.00, somewhere in middle of 2014.

Once the properties revenue start to factor it into the accounts, then this counter will start to appreciate in price. I'm happy if it manage to increase 5 folds from the current price in year 2016/2017.

Time to buy, just sit and wait for the quater results by end of May'15. It going to surprise us all, i hope?

And also the Melaka office operation is on going as usual.

To all Benalec Investors,

I have just call up Benalec office in Glenmarie, and there are no reply. So i call up Benalec branch in Melaka, and the staff confirm that the office close since last week and will resume operation this coming Thursday (30/04/2015) due to some technicality on internet and phone lines.

I hope ths will put to rest all the negative statements.

taciturn, Thank you very much for such a detailed write-up on Benalec future earning and propect.

Really appreciate your time and effort.

"HAPPY CHINESE NEW YEAR"

By The Malaysian Reserve.

GSB Group expects to be back into the black in 2015

February 4, 2015

GSB Group Bhd expects its new property business will contribute almost all of the group’s profits for the 2015 financial year, and take the company back into the black.

GSB MD Andrea Gan Pik Mui said the company’s diversification into property is part of the strategy to bring back profitability and sees the property division overtaking its traditional core optical disk business in contributions to the bottom line.

She said the group has RM291.5 million of new projects in its orderbook, comprising commercial and residential property developments.

“We have a RM55.3 million residential project on 2.42ha in Klang, a RM133 million mixed development in Seksyen 15, Shah Alam and a RM103.2 million commercial project in Kelana Jaya. We also have ongoing projects in Bentong and Johor Baru worth RM572.83 million, making the total gross development value (GDV) of our ongoing and future projects RM864.33 million.

“We see the property business overtaking the optical disk business for this financial year and turning the company back to black. GSB is already making profits at the moment,” said Gan.

Last Friday, GSB received shareholders approval for the proposed acquisition of two plots of land measuring 0.9ha in Shah Alam for RM20.5 million from PKNS Engineering and Construction Bhd.

The acquisition will also include the development orders granted to the land.

“The acquisition should be completed within the third-quarter of this year (3Q15) and the layout would comprise of 359 units of service apartments and retail lots at the bottom.

“The total GDV has not been finalised but as for now it is RM133 million. We foresee the launch to be in 1H15 and expect it to be completed within four years,” she said.

Gan said its optical disk manufacturing business has not been making profit due to technological changes that have reduced the demand for the product.

“Nonetheless, we are still carrying on with the manufacturing of optical disks,” said Gan.

On the outlook for the property market, Gan said its projects in Bentong and the Klang Valley have been performing well, despite a slight slowdown in its project in Johor.

“Bentong is a mature township and our development is located in a strategic position.

We have also built a strong brand there.

“As for the project in Johor, there is an oversupply in the market but our project is not too affected as we are focused on the end users and is targeted towards the middle-income market,” said Gan.

Gan said GSB is looking for further opportunities in its property business, and at the possibility of a joint venture to reduce its initial cash outlay.

For March 31, 2014, GSB recorded a total revenue of RM11.73 million, of which RM8.03 million came from its optical disk business, while the remaining RM3.7 million came from its property business.

The optical disk business recorded a loss of RM0.87 million for the financial period while the property business recorded a loss of RM0.5 million, making the total loss to RM1.37 million.

Based on TA, if monday it manage to close at RM 0.905, than it will move upward to the next target price of RM 1.088.

Support at RM 0.875.

Buy and Sell at your own risks.

Resistance of 0.875 have broken, going for 2nd TP 1.088. Hope before CNY.

GSB is a good target! Entry price very cheep for RTO.

oxygen, fortuneebullz, WHERE id have been baned and he/she changed to whowhere now,

whowhere, everyone in this forum's make mistake one time or more. it good you admitt your mistake.

Keep a positive mind than you can attract all the positive lucks that will come your way.

taciturn, i fully agreed with your statement.

Let us all look forward.

Next TP - RM 0.91.

Buy and Sell at your own risks.

Verified and seconded.

DOEconfirm approved Benalec DEIA today.

Based on TA and opening price gap (0.735), this stock is heading to 0.775, 0.81 & 0.83.

Buy and sell at your own risk.

PrescientOne, I just check the DOE website and it is still under review statue. Don't just spread rumors for the sake of pushing the price up and please don't quote reliable source as your reference. OK.

Please share on this forum, what it is actually happen.

Thanks.

"NAZA PROPERTY ARM SEEK RTO CANDIDATE"

Market sources say the group has set certain criteria in the search for an ideal candidate - preferably a listed company of any size but has to have a clean balance sheet and be financially sound.

It cannot be a financially distressed company that needs to be restructured. The group doesn't want to be a white khignt.

How about GSB, can it be one of the target. Small paid-up and cheep.

In my opinion, if DOE is meeting today to discuss the Tg. Piah Project whether approve or not, then Benalec will make the annoncement the earliest by next week.

Because they need to get an official reply (not verbal reply) from DOE first before making the annoncement to Bursa.

So, to all the investor's, let us put our fingers cross and hope for the best.

i3 moderator......wake up......ban jjwong for good!!!!

Diveiden : RM 0.03
Dividen Ex-Date : 26/01/2015
Dividend Lodgement Date : 28/01/2015
Payment Date : 23/02/2015