UncleFollower

UncleFollower | Joined since 2019-08-15

Investing Experience -
Risk Profile -

Followers

1

Following

0

Blog Posts

0

Threads

1,099

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
1,099
Past 30 days
68
Past 7 days
17
Today
0

User Comments
Stock

2023-10-05 17:09 | Report Abuse

GENT, one of the few that is nearing 52wks low

Stock

2023-10-05 17:09 | Report Abuse

Covering to 1.05 wor

Stock

2023-10-05 17:08 | Report Abuse

Steadily holding at support. Short-term uptrend temporarily paused, mid-term outlook still great

Stock

2023-10-05 17:06 | Report Abuse

KUALA LUMPUR, 4 OCTOBER 2023 – Lembaga Tabung Angkatan Tentera (“LTAT”)
wishes to announce that the Strategic Collaboration Agreement (“SCA”), signed on
24 August 2023 has been mutually terminated by the parties, effective today.
Following this termination, LTAT wishes to also announce that it aims to proceed with
the General Offer of Boustead Plantations Berhad (“BPlant”) at the offer price of
RM1.55 per share, subject to regulatory approvals.

LTAT and Boustead Holdings Berhad (“BHB”) as majority shareholders of BPlant will
refocus its effort on the restructuring of the company to ensure it gets back on a
stronger financial footing and chart a better business horizon moving forward. This
approach allows BPlant to retain agility and independence in charting its own course
to ensure a sustainable future.

“We are committed at addressing all the legacy issues within the BHB Group, in line
with the Strategic Plan 2023-2025 (MAMPAN25). For LTAT to discharge its duty, per
the mandate and function of a sustainable pension fund, it is vital for the legacy
issues to be addressed first. We remain confident that the restructuring of the BHB
Group will significantly improve LTAT’s position, particularly since almost 50% of our
investment remains unlocked within the Group,” says Dato’ Nazim Rahman, LTAT’s
Chief Executive

Stock

2023-10-05 17:06 | Report Abuse

There are times to criticise, but we should be fair.

1. LTAT's statement is pretty clear. Can't say it's getting away with a sweeping statement. See below attached.

2. Can't blame them for not issuing offer doc immediately. They have just broke the deal with KLK. Would you rather they let the share free fall few days before announcing their sweeping intention without issuing offer doc, or would you rather they do what they did now.

3. LTAT is being fair to minorities. They reject KLK's $1.55, and buy from us at $1.55. They can always reject and keep it listed, then we should be mad.

4. LTAT has repeatedly spoke of its restructuring plans. Can't really blame PMX or management for running it into the ground. This LTAT CEO is the new guy, he wants to revamp LTAT with the 2023-25 strategic plan. First step privatise BHoldings. Now privatise BPlant. Ok.

5. LTAT isn't that racist to begin with, they took KLK's offer instead of Syed Mokhtar's. If they simply took Tradewinds offer, we wouldn't have even know KLK offered $1.55. And there wouldn't be $1.55 today.

6. Standing in their shoes, actually they were selling it cheap. They are taking back $1B only and retain 35% stake. Still, I think it's a good deal for LTAT under the circumstances - being that they are short of cash and desperately need to work it out. This is the best they can do, independantly, without Govt help. Now that PMX helps the Tentara, fair enough they redo it.

7. Importantly, they did not short change any of us. Can't keep running them down and blaming them right, everybody should be happy right. Consider ok la.

Stock

2023-10-05 16:13 | Report Abuse

The 36% includes 33%+1 share deemed interest in the SCA, so it did not cross since condition precedents not met, and deposit will be refunded.

Stock

2023-10-05 15:58 | Report Abuse

No rush, wait for 1.55, save commission, extra 10 cents u can donate to syed saddiq, he needs it



speakup

1.45 I'll sell all

20 minutes ago

Stock

2023-10-05 09:08 | Report Abuse

Suspended. Announced takeover. Resume trading 10AM.

Stock

2023-10-05 08:51 | Report Abuse

@Chloe, done deal $1.55. Congrats

Stock

2023-10-05 08:46 | Report Abuse

Congrats all BPlant minorities, from laosai to jackpot today 🤣

Stock

2023-10-05 08:44 | Report Abuse

You know how the Edge is really never wrong. When was the last time they were wrong? If so LD 89 cents is a screaming buy. LTAT lets you make 74% you dont want?

Stock

2023-10-05 08:26 | Report Abuse

Wow privitisation is still on for minority shareholders

Stock

2023-10-04 22:51 | Report Abuse

Makes no sense at all for LTAT to abort the deal. What's next in their game plan. Maybe like you said, press it down privatise it like Boustead Holdings, cheap cheap

Stock

2023-10-04 22:50 | Report Abuse

The Edge got it right again. When was the last time the Edge's "unidentified sources" got it wrong? Imagine Malaysia without the edge....

Stock

2023-10-04 18:18 | Report Abuse

@Chloe

No news announced yet. Above we are sort of told, the delay now is because LTAT wants control. I am just throwing out the various scenarios for discussion

Looks like the deal is on - but there can be a WORST CASE scenario for us. Which is KLK buys from LTAT but does not trigger GO to privatise. So they pay LTAT $1.55, and share dive to 90 cents, 60 cents. This happened before in E&O Sime Darby Terry THam deal.

Stock

2023-10-04 18:16 | Report Abuse

Also, it's not possible for KLK to buy shares in open market to hit 33% + 1 share to trigger GO, if LTAT does not sell to them. That will drive the price too high and without certainty, KLK simply wont do it

Stock

2023-10-04 18:15 | Report Abuse

@Ravi

Cannot, then LTAT has no control. The delay now is LTAT wants control.

Stock

2023-10-04 18:11 | Report Abuse

That 236 acres refer to that in Pulai only. This grossly understates KSL's johor exposure. KSL is through and through a Johor developer, then Klang. Improved connectivity to SG itself means a lot more to KSL Mall. Ordinarily it wouldn't mean much, for larger corps like SP Setia, Sunway, for instance. It's meaningful for KSL becasue it's market cap is still smallish, and the concentration in Johor exposure means the circa $100M quarterly profit could go further up. Further there's easy realisation value if they inject rental assets into a KSL REIT

Stock

2023-10-04 18:08 | Report Abuse

There are not many ways to give LTAT control. This is what I thought the discussion is about. But it looks quite challenging.

1. LTAT retains 50% + 1 share, sell the balance (around 18%) to KLK. That's it. No GO triggered. KLK owns 18%. NO REASON KLK wants to do this. Also, LTAT needs KLK to be committed to shoulder the burden of running the company, replant and so on.

2. LTAT retains 50% + 1 share, sell balance to KLK. No MGO, but as parties acting in concert, they can still offer to buy out minorities at $1.55 and delist BPlant. This is ideal for minorities, same as existing deal, the difference within does not concern minorities. It may be more likely than 1st scenario above, KLK holding 50% less 1 share can still ensure its wellbeing. However this is really then national service. WHY WOULD KLK want to do that. $1.55 is a premium price paid for control

3. Maintain existing deal KLK65%/LTAT35%. Give LTAT separate voting/ veto power. This way KLK's financial interest remains the same, but give controlling say to LTAT.

Any other possibilties anyone?

Stock

2023-10-04 18:01 | Report Abuse

Malaysia’s LTAT Weighs Keeping Control of Boustead Palm Unit in KLK Deal, Sources Say
***Price of 1.55 ringgit each wouldn’t change in reworked deal
Owners agreed in August to sell palm oil planter stake to KLK
By Elffie Chew October 4, 2023 at 3:54 PM GMT+8

Kuala Lumpur Kepong Bhd. is in talks with Malaysia’s military pension fund to rework a deal announced in August for the oil palm planter to buy a stake in rival Boustead Plantations Bhd., according to people familiar with the matter.

Lembaga Tabung Angkatan Tentera, the indirect owner of a majority of Boustead Plantations’ shares, and KLK are discussing a deal structure that would let the pension fund retain control of the company, the people said. The existing transaction, which hasn’t been completed, is set to trigger a mandatory offer for the remaining minority shares, potentially giving KLK a controlling stake.

LTAT and its unit Boustead Holdings Ltd. had agreed

in August to sell about a 33% stake in Boustead Plantations to KLK for around 1.15 billion ringgit ($243 million). The price per share of 1.55 ringgit each wouldn’t change as part of any revised deal, the people said, asking not to be identified as the process is private.

Shares of Boustead Plantations and KLK have been suspended since Tuesday.

Deliberations are ongoing and there is no certainty that the parties will proceed with a deal, the people said. A representative for LTAT said that, as Boustead Plantations and KLK are listed companies, they would make the requisite announcements on the decision via the Bursa Malaysia. A representative for KLK didn’t immediately respond to requests for comment.

Stock

2023-10-04 16:54 | Report Abuse

My sharpe ratio is consistently below 1.0. I need a run to clear out everything and restart 😂

Stock

2023-10-04 16:53 | Report Abuse

lol yes 300k only, this is to deal with itchy finger. I feel the same, maybe when it's over we should reveal our holdings 🤣 from years back going buffett style, very brave catching falling stocks and got burnt countless times. Now I am braver on the way up than down

Stock

2023-10-04 16:39 | Report Abuse

@Zhuege_Liang we small fry.

Please ask star investor OTB publish this opinion give some advice to Yinson Lims and hopefully gain some traction. Also, before Agogo contract locked-in, they have been doing SBB as high as 2.48. Also, >100B contract value is unheard of in Bursa - and market cap less than 7B, how can.

Stock

2023-10-04 16:30 | Report Abuse

I bought 300k shares @ 0.340. It feels like a mistake. But wt heck, sometimes when it feels like a mistake it turns out to be right and vice versa. In hindsight...mistake is relying on UEMS and linking UEMS & AQRS too heavily. UEMS too strong, I was watching UEMS, taking it as the leading indicator to consider whether AQRS will dive. Well, UEMS remains way stronger than AQRS, not a good indicator 😂

Stock

2023-10-04 15:01 | Report Abuse

UncleFollower

Notably, most of the sale is EPF's internal manager selling. EPF's external fund managers have not budged. @Zhuge EPF selling now may not be a bad thing, I don't think they don't want to exit position, just streamlining - especially if they view external fund manager's holdings wholistically. EPF being the supplier of stock now, means when they cease selling, it will go back up very quickly

Stock

2023-10-04 14:57 | Report Abuse

Good research calvin, but the 4% variance you mentioned is wrong. For KLK to have that 33%, u have to deduct it from LTAT's 68%. So there remains 29-30% in other hands



calvintaneng

BPLANT & KLK : A LOOK AT BOTH POSITIONS AT CURRENT CIRCUMSTANCE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-03-story-h-218780915-BPLANT_KLK_A_LOOK_AT_BOTH_POSITIONS_AT_CURRENT_CIRCUMSTANCE_Calvin_Tan

13 hours ago

Stock

2023-10-04 14:56 | Report Abuse

The weaker the market, the higher the likelihood LTAT proceeds with the deal. Gluck guys

Stock

2023-10-04 12:21 | Report Abuse

1.05 quickly broken. Let's see whether this is a break below 1.00 or a rebound toward 1.05. The latter, game on.

Stock

2023-10-04 12:19 | Report Abuse

Sentiment has turned south very quickly for everything. Previous support in a bull market may change in a bear market. AQRS illiquid and penny leading to large % change...I am not that concerned, but trying to feel how i would feel if I do nothing and this does go back down to 30c pfffff

Stock

2023-10-03 14:45 | Report Abuse

lol no I am not thinking of revenge yet

I am hoping someone smart in public forum throws some insight, maybe. We can consider whether we are buyers if this indeed opens limit down, even if you already have shares. We can be buyers, if LTAT has good reason to reject KLK's offer, other than policitcal will - this means LTAT will get a better deal somewhere, whether it is extended to BPlant, and its minorities to be seen

Stock

2023-10-03 14:39 | Report Abuse

On the other hand, it also shows PN's opposition did not gain traction, and if there's one thing honest he said, he said it was unexpected. So if this is political, why is PMX doing it?

Stock

2023-10-03 14:20 | Report Abuse

So the consensus is it will open limit down assuming the deal is off

Buyer KLK is willing to pay $1.55

If the deal is off, it's the seller pulling out.

Seller owns 68%.

So the seller who owns 68% refuses a $1.55 offer, and would rather see their 68% holding go limit down?

Why?

Much has been said of the political pressure. This is odd - the former education minister + some opposition MPs raised objections - but these weren't very convincing (what's the issue with 30% bumi policy when LTAT will still own 35% of BPlant after MGO). Further, Mat Hassan explained and defended the matter rather convincingly.

IF, a big IF, it isn't political pressure, this means the seller is pulling out for commercial reasons. Means they think they can have a better deal, a better structure or something like that.

So open limit down, who dares to buy?

Stock

2023-10-02 17:37 | Report Abuse

Well said jackson, dry powder makes the killing but few, very few, myself included couldnt find the discipline to have that sizeable powder in times of need lol

Stock

2023-10-02 17:36 | Report Abuse

Before the state elections, PMX's rhetoric was like the previous FM Guan Eng, cut cost, debt, slowdown major projects. After state elections rhetoric changed a little, going everywhere asking for investments. However...there has no mention of major infra projects - hopefully the stock market run indicates the market knows better

Stock

2023-10-02 17:32 | Report Abuse

Appreciate the info you share w us though eddy. I for one couldn't find any info how the Peak became Puncak Tebrau, not local enough

Stock

2023-10-02 12:26 | Report Abuse

Thank you I will try 7-11

Stock

2023-10-02 12:25 | Report Abuse

I dont think it's over yet. It has bounced off 105/106, maybe habit cerita if there's a sharp break below. Otherwise game still on

Stock

2023-10-02 12:12 | Report Abuse

I disagree eddy...if the sector pulls back, regardless of the PEAK, AQRS is coming down together, and vice versa. It has not yet stabilised to that level that the PEAK, or fundamentals determines share price

Stock

2023-10-02 12:11 | Report Abuse

0.350 SQ taken out. Players still in this counter

Stock

2023-09-29 18:24 | Report Abuse

Even tho have faith in management cant say not scared holding a large position and see it moving down w increasing volume

Stock
Stock

2023-09-27 17:21 | Report Abuse

If you told me in Mar/Apr Yinson and warrant would have traded side ways until now I wouldnt have believed you. Good news bad news no news, it is stable as a rock. Cute.

Stock

2023-09-27 17:17 | Report Abuse

Where can I buy Vuse?

Stock

2023-09-27 17:15 | Report Abuse

still strong support wor. I can't got killed by this counter before. once bitten twice shy. sim.

Stock

2023-09-27 17:14 | Report Abuse

ATK was already a richman 19 years ago

Stock

2023-09-27 17:13 | Report Abuse

Because most retailers sold still below current price lor, I for one couldnt hold haha



theyoungman

Why are you guys so happy to see mkt bad sentiment leh?

46 minutes ago

Stock

2023-09-27 17:12 | Report Abuse

Top 10 shareholders hold 78.64%
Top 30 holds 84.1%

If Uncle Koon still has his Dayang $ he can easily squeeze the share to shoot up for miracle number 4 🤣

Stock

2023-09-27 17:09 | Report Abuse

+0.96B investment properties. So 1B investment props + 1B landbank

monetary

with 1.15b landbank ksl still can maintain net cash. that's miracle no1.