freight rate up by 40% according to the news

https://www.facebook.com/photo/?fbid=847642980730326&set=a.593204249507535

#红海危机 开始波及亚洲航运市场！
#南洋商报

@bryan2003 welcome

after many years, I still insist with my arguement with the opposing retailers of MMCCORP privatization.

tbh, I don't understand the mentality of retailers that want to hold long term into a stock just because of it's intrinsic value that might never be realised into real cash. strong belonging feeling to company that you don't start off or involves directly in all it's operations? or lack of confidence in looking for the next counter?

back to PPHB here to be honest, I am only expecting privatization to be anything below NTA. but if offered at exact NTA price, I would be surprisingly more happy of course, could not imagine anything above NTA

@Albukhary do you have similar real case similar to your statement? I mean current price is below NTA while privatization price is above NTA? if yes, the offerer are definitely a lot more generous than Syed Mokthar in MMCCORP privatization.

I know a few cases of privatization above NTA, but for those cases I know, but the current trading price itself is also above NTA, despite still below the offered price.

then again, please refer to MMCCORP privatization of success case of privatization below NTA price. minority would just accept, although many are voicing their reluctancy, in which myself don't agree or understand

best of luck to all of us here

anytime, any of my current and future holding stocks counter, if the owner would had offered anything 10% or above the current market price, I will take that offer and leave happily and continue hunting for the next counters

@bryan2003 no, in the case of your assumptions, most of the remaining shareholders will accept the offer, I can say that with 99% confidence, unless there is a major significant shareholder that wasn't the part of the privatization offered. retailers mostly will just agree, including myself talking as a retailers. why would a retailer reject? you cannot sell your Rm1 stock to the market into it's NTA price of RM1.5. how easy you think soon or later it will surely hit RM1.5 in market? many counters traded below NTA "forever" in the stock market. so instead of continueing trading at price of RM1 in stock market, why not just accept RM1.3 offer and leave to other counters. there are so many good counters out there.

for real life case study you can refer to MMCCORP privatization

https://klse.i3investor.com/web/stock/financial-quarter/2194

if you had time and interested to my more detailed comment on this, please read my comments on MMCCORP forum which I shared my own privatization experience and feeling / review on it. it was really one of the most happy moment in my bursa market investing experience. but some of the other involved retailers might feel otherwise. very worthful to read conversation between us there

@Virgin_Share not quite tempting for me yet, I rather just preserve hold position for my few remaining stakes here

it doesn't matter good EPS is due to revenue up or profit margin up, most important is sustainability, not any one off gain.

one off gain would only be good for NTA or potential special dividend

and then I need to emphasize ya, there are no rumour for privatization, all is just investors our own speculatives

@bryan2003 actually it is like opposite.

privatisation price most of the time is more correlated to current market price than NTA. therefore, by not giving proper dividend payout, market price would stay at lower level instead and hence they can use lower price for privatisation.

hope you get what I mean

@shawn88 I just switched to SYGROUP here from HARBOUR. and fyi HARBOUR also just turned non syariah complaince 31 may 2024

but 1 thing for sure, profits from imago mall and car park operations improved overally

if i intrepret QR details correctly, fair value gain only contributed less than half of the total eps. investment loss probably due to drop in market price of smi and calculated with the closing before at end of march. which in future still will affect asiapac EPS depending on smi future price movement in the corresponding QR.

someone please correct me if I am wrong. tq

@navi no rumour, just that the state of undervalue and bos refuses to give proper dividend payout made suspicious that they might have intend to privatize the company at some point if they got the cash to do so

sold all remaining few at Rm1.59. just noticed HARBOUR has turned non syariah compliance

@navi you may like to refer to my playstyle in ORNA in similar situation of improved QR for the last 3 months, until it's bad QR reported ytd. you can go to that forum to see how I enter and exit. but of course situation here may end up differently. my current stacks at mesb is just very slightly more than orna

hopefully the growth is to presist long term for longer term investing here, fundamental is just started to be improved so very vauge to set early TP, can say that I eager to see the future of this company especially it's waste recycling business, personally just love that business helping the environment as well. feeling very good here especially after it turned Syariah Compliant

@navi just can say that I probably will still keeping at least some until next QR, depends on situation, i rarely set fixed plan ahead and goes by feeling sometime

@navi thank you. too early to set final tp, but usually i will offload stage by stage in counters my stacks a bit larger, instead of offloading in 1 go. asiapac my biggest holding, sygroup just behind mesb as of now

@MZM2511 thank you

topped up a few more at 0.680

making it my 2nd highest holding in my portfolio now

topping up more mesb at 0.505 today due to it turning into syariah complaint which made me very happy

by the way yes, my confident here is definitely quite high, barring any unforeseen circumstances especially market crash

@navi I just noticed it turned syariah complaint, do you know where to get such 1st line information about syariah status changing? I checked bursa there are no related information / announcement regarding this

cut queue sold all at 0.110 (with profit remaining). disappointing with QR

also, with about the same revenue, SYGROUP profit margin is significantly better than harbour

will top up more sygroup if price go down, at the same time won't buy back more harbour unless harbour price go down significantly to sygroup level

sygroup QR, within my lower expectation, better than harbour in comparatively as sygroup is only RM1.38 (RM6.90 x2) in comparative with harbour's RM1.60, assuming harbour worth only 2x the value per share of sygroup

topped up a few more at 0.500 and 0.505

lagipun belum lagi 1 minggu keluar QR baru, mana tahu apa operator sini mahu buat, mahu cuci atau mahu goreng, ini counter saya tengoh highly manipulated. retailers x boleh buat apa2 selagi belum ada QR tiada subsidy

sini layhong x boleh pakai macam tu, sebab 2 kali tu QR pun ada subsidy, jadi kena tunggu lagi QR akan datang, sebab investors mahu tahu QR kalau tiada subsidy baru berani beli banyak. tunggu je la dulu sabar

net cash company, 5/8 PB, improved EPS growth with new business. price consider a little lagging comparatively to improved fundamental.

@navi yes agree, many are still focusing on it's core apparels business, overlooked the significantly improved waste recycling ^_^ it is always important to read full QR to see where EPS comes from

offloaded 5% to lock few profit at 0.115. final ultimate TP above IPO / iculs conversion price of 0.200

bought a few at 0.495. pay attention to it's waste recycling growth. it is remarkable and contributing like 30% to it's EPS already

QR fair value gain is genuine, imago mall does have the value for being biggest mall in Sabah

just reviewed PPHB QR, think the result is within expectation, i will maintain hold position for my remaining shares, not setting any TP because of potential privatization offer if price does go up. will top up only if price go to another lower level, which has yet to be decided, but won't be above 0.87 for sure

dia x akan pedulikan naik turun harga short term punya, penting dia masih pegang tu company ja. u kalau cukup duit boleh juga buat syarikat dan buat ipo listing. ni dunia memang orang kaya jadi lebih kaya saja

dia punyakan print out punya, of course la sell tukar jadi duit. x da kaitan dengan fundamental syarikat.

tapi kalau naik tinggi saya pun mungkin x akan jual la sebab saham sikit profit pun sikit tiada makna juga jual, baik tunggu next QR saja. kalau jadi murah saja saya consider top up sikit lagi

@JMpower result masih ada subsidy gov. ni counter perlu pantau lagi QR masa depan. saya pun stuck dekat 0.43 sejak QR yg lalu lagi, nasib sikit saja saham saya sini. sebelum next QR baik jangan tambah atau jual dulu kecuali harga naik tinggi atau jatuh murah

hopefully I am right for giving SYGROUP a second chance after costing me a minor paper loss last QR

top up a few more between 0.665 & 0.675. at current price, the expectation for next QR is relatively low as compared to HARBOUR. a mere 2 EPS can easily support current price while freight rate remains high.

for being direct competitor of HARBOUR, SYGROUP also has a good chance at performing beyond expectation this QR while HARBOUR performance is a little bit lackluster.

most importantly market price wise, SYGROUP is approximately just RM1.35 (RM0.675 x2) in compare to HARBOUR's RM1.60. "assuming HARBOUR fundamental instrinsic value is twice higher than SYGROUP"

bought a few at 0.685 this morning, switching to here with some of cash unlocked from HARBOUR. disappointed with QR there. moving here as I notice price still lagging behind comparatively in recent movement. hopefully this counter QR can deliver better

sold most at RM1.63 - RM1.64 this morning, because QR not up to my expectation.

but I still keep a few just in case, because freight rate is still high, price not yet hit NTA, future prospect especially for next 2 QR is still high

won't hesitate to buy back if price goes lower level

1 of epf account 3 beneficiary counters (kingcoil bedding business)