https://www.nst.com.my/business/2020/11/641609/yi-lai-appointed-former-government-chief-secretary-new-director

KUALA LUMPUR: Tiles manufacturer Yi-Lai Bhd (YLB)) today announced the appointment of Tan Sri Dr Ali Hamsa as its new independent non-executive director as the company advances further in its strategic business transformation plan.

Ali Hamsa began serving at the Economic Planning Unit (EPU), Prime Minister's Department in 1997 and has held positions of director of distribution and deputy director-general of the National Transformation and Advancement Programme.

He last served as the 13th chief secretary to the government from 24 June 2012 until 28 August 2018.

"We are delighted to welcome the new appointee to the Board of Directors of Yi-Lai. Ali Hamsa is chosen based on his exceptionally rich blend of professional academic and corporate board experiences, which are all relevant to the needs of our board," YLB executive director Au Yee Boon said in a statement today.

"We are strongly convinced that his skills and connections in the government and private sector will no doubt add significant value to our quest to become a leading performer for local and regional investors with strong business prospects," Au said.

He said the appointment of Ali Hamsa signifies a step forward for the group as the company align its business aspirations for promising prospects ahead.

"He brings with him a vast experience in both the government and the private sector. We hope to be able to announce something exciting to the investment community in the near future following this development," Au said.

Rubberex glove not for medical use, right?

https://www.theedgemarkets.com/article/yilai-shares-may-attract-renewed-buying-interest-says-kenanga?type=malaysia

KUALA LUMPUR (Sept 15): Kenanga Research said Yi-Lai Bhd shares may attract renewed buying interest as its new major shareholder (businessman Au Yee Boon who is now the single biggest shareholder with a 13.9% stake) is seeking to jointly venture into IT solutions business.

In its daily technical highlights note today, Kenanga said the diversification strategy will hopefully turn around the Group, whose existing tiles manufacturing business has been loss-making over the past three financial years.

The research said the financially strong with a debt-free balance sheet that is backed by cash holdings & unit trust investments of RM82.7 million (or 57 sen per share which represents almost two-thirds of its current share price of 87 sen) as of end-June, Yi-Lai is well-positioned to scout around for interesting business deals ahead.

“From a charting perspective, after reaching a high of RM1.09 on Aug 11, the stock has retraced to as low as 85 sen last Thursday on declining trading volumes while its RSI is indicating that the share price is reversing out from an oversold territory.

“The appearance of a pennant formation, which is a bullish continuation pattern, also suggests the share price may ride on the positive momentum going forward.

“On the back of a probable technical breakout, Yi-Lai shares could climb towards our resistance thresholds of 99 sen (R1) and RM1.10 (R2).

“This translates to upside potentials of 14% and 26%, respectively. Our stop loss level is set at 78 sen (or 10% downside risk),” it said.

Dato Edxxx Oxx busy frying only... Don't care business.

https://www.theedgemarkets.com/article/supermax-and-hartalega-lead-declines-among-rubber-glove-counters

being waiting for so long. Think time to give up. lol

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3087420

https://www.thestar.com.my/business/business-news/2020/09/08/yi-lai-teams-up-with-new-ed-au-yee-boon-in-blockchain-venture-

weak support.

https://www.theedgemarkets.com/article/yilai-may-diversify-business-turnaround-effort

warrant going to expire during Oct. Dangerous.

seem like some party slowly accumulate the stock.

https://www.sinchew.com.my/content/content_2199712.html

KUALA LUMPUR (July 6): Gunung Capital Bhd has emerged as Yi-lai Bhd’s substantial shareholder after acquiring another four million shares or a 2.79% stake in the latter last Friday.

According to filings to Bursa Malaysia, Gunung Capital bought the shares at RM1.09 apiece through its wholly-owned subsidiary Gunung Resources Sdn Bhd.

It was a direct business transaction with Yi-lai executive director Aaron Tan Jian Hong, through his private vehicle Boundless Vigour Sdn Bhd.

With this, Gunung Capital owns 8.7 million shares or a 5.99% stake in Yi-lai.

A source familiar with the matter told theedgemarkets.com that Gunung Capital sees undervaluation in Yi-lai, which is currently sitting on a cash pile of RM50.72 million, and is taking the opportunity to acquire or inject new business into the latter.

Specifically, Gunung Capital is looking at expanding the businesses of Yi-lai to include building materials to ride on the revival of affordable housing projects.

In addition, the source said the firm is also looking at injecting some of the renewable energy with concession structure business into Yi-lai, to boost its recurring income portion.

“Based on the estimation, it will take around two years to complete the construction of the renewable energy business, and it can generate approximately RM40 million per annum to the company,” the source said.

Shares of Yi-lai closed unchanged at RM1.02 today, valuing the group at RM148 million. Gunung Capital closed half sen or 0.9% higher at 55.5 sen, giving the group a market capitalisation of RM134 million.

https://www.theedgemarkets.com/article/gunung-capital-emerges-substantial-shareholder-yilai

goreng ... goreng ...goreng

KUALA LUMPUR (June 26): Gunung Capital Bhd has acquired 4.7 million shares representing a 3.2% stake in construction renovation and interior decoration firm Yi-lai Bhd for RM5.22 million.

This works out to RM1.11 per Yi-lai share, a 12 sen premium to the stock’s closing price of 99 sen per share.

“Our financial asset investment division, after thorough evaluation, is confident of the growth prospects of Yi-lai, and is of the opinion that Yi-lai is currently undervalued by the market,” Gunung said in a bourse filing today.
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“As such, the decision was made to invest in Yi-lai to secure higher returns on investments for Gunung,” the group added.

Gunung said the acquisition, which was done via direct business transfer, was funded by internally-generated funds.

Loss-making since 2015, Gunung is mainly involved in the chartering of land-based transport assets and speciality vehicles.

The group operates the fleet requirements of the Ministry of Defence, transporting schoolgoing children of armed forces personnel nationwide.

In a separate filing, the group said the aggregate purchase consideration of quoted securities acquired by Gunung for the past 12 months stood at RM9.61 million or 9.59% of its latest audited consolidated net assets.

Gunung’s investments in quoted securities as at June 26 involved a total cost and book value of RM9.61 million and total market value of RM10.34 million, the filing showed.

The group has not recorded any profit from the sale of such securities during the financial year ending Dec 31, 2020, it noted.

Under the listing requirements of Bursa Malaysia, a company must announce to the exchange of such transactions committed within the preceding 12 months, with the total being 5% or more of the listed issuer’s latest audited consolidated net assets.

Shares of Gunung closed one sen or 1.87% lower at 54.5 sen today, with 422,500 units done. This valued the company at RM131.8 million.

KUALA LUMPUR (June 26): Gunung Capital Bhd has acquired 4.7 million shares representing a 3.2% stake in construction renovation and interior decoration firm Yi-lai Bhd for RM5.22 million.

This works out to RM1.11 per Yi-lai share, a 12 sen premium to the stock’s closing price of 99 sen per share.

“Our financial asset investment division, after thorough evaluation, is confident of the growth prospects of Yi-lai, and is of the opinion that Yi-lai is currently undervalued by the market,” Gunung said in a bourse filing today.

“As such, the decision was made to invest in Yi-lai to secure higher returns on investments for Gunung,” the group added.

Gunung said the acquisition, which was done via direct business transfer, was funded by internally-generated funds.

Loss-making since 2015, Gunung is mainly involved in the chartering of land-based transport assets and speciality vehicles.

The group operates the fleet requirements of the Ministry of Defence, transporting schoolgoing children of armed forces personnel nationwide.

In a separate filing, the group said the aggregate purchase consideration of quoted securities acquired by Gunung for the past 12 months stood at RM9.61 million or 9.59% of its latest audited consolidated net assets.

Gunung’s investments in quoted securities as at June 26 involved a total cost and book value of RM9.61 million and total market value of RM10.34 million, the filing showed.

The group has not recorded any profit from the sale of such securities during the financial year ending Dec 31, 2020, it noted.

Under the listing requirements of Bursa Malaysia, a company must announce to the exchange of such transactions committed within the preceding 12 months, with the total being 5% or more of the listed issuer’s latest audited consolidated net assets.

Shares of Gunung closed one sen or 1.87% lower at 54.5 sen today, with 422,500 units done. This valued the company at RM131.8 million.

https://www.theedgemarkets.com/article/gunung-capital-acquires-32-stake-yilai-rm52m

https://klse.i3investor.com/blogs/PublicInvest/2020-06-24-story-h1508938785-Technical_Buy_YILAI_5048.jsp

KUALA LUMPUR (June 26): Gunung Capital Bhd has acquired 4.7 million shares representing a 3.2% stake in construction renovation and interior decoration firm Yi-lai Bhd for RM5.22 million.

This works out to RM1.11 per Yi-lai share, a 12 sen premium to the stock’s closing price of 99 sen per share.

“Our financial asset investment division, after thorough evaluation, is confident of the growth prospects of Yi-lai, and is of the opinion that Yi-lai is currently undervalued by the market,” Gunung said in a bourse filing today.

“As such, the decision was made to invest in Yi-lai to secure higher returns on investments for Gunung,” the group added.

Gunung said the acquisition, which was done via direct business transfer, was funded by internally-generated funds.

Loss-making since 2015, Gunung is mainly involved in the chartering of land-based transport assets and speciality vehicles.

The group operates the fleet requirements of the Ministry of Defence, transporting schoolgoing children of armed forces personnel nationwide.

In a separate filing, the group said the aggregate purchase consideration of quoted securities acquired by Gunung for the past 12 months stood at RM9.61 million or 9.59% of its latest audited consolidated net assets.

Gunung’s investments in quoted securities as at June 26 involved a total cost and book value of RM9.61 million and total market value of RM10.34 million, the filing showed.

The group has not recorded any profit from the sale of such securities during the financial year ending Dec 31, 2020, it noted.

Under the listing requirements of Bursa Malaysia, a company must announce to the exchange of such transactions committed within the preceding 12 months, with the total being 5% or more of the listed issuer’s latest audited consolidated net assets.

Shares of Gunung closed one sen or 1.87% lower at 54.5 sen today, with 422,500 units done. This valued the company at RM131.8 million.

https://www.theedgemarkets.com/article/gunung-capital-acquires-32-stake-yilai-rm52m

Price drop on Friday. Time to enter? But personally, I aim below RM 1. Let see. haha

monitor this company for some time, volume ok. Time to enter?

Appointed New Director

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055384

https://www.facebook.com/TeoNieChing/posts/1927399267303003?comment_id=1927660170610246&comment_tracking=%7B%22tn%22%3A%22R%22%7D

https://www.youtube.com/watch?v=opHgPAOsXCQ

Jordan royalty?

中东约旦王储His Excellency the Honorable Sharif Ahmad

https://twitter.com/TeoNieChing/status/1029649247464038400

Macam ON ....

@UnicornP, ARBB link to Ekovest? Ekovest up almost 100% few weeks ago.

@ahwong, you also yam cha with Warren just now? or you sit next table? Why you know the secret message he told me?

Just now yam cha with my friend, Warren, we talked about ARBB. He told me, “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

@bojed, macam many info wo.... Share share.... I still holding. but my leg kind of shaking....lol

but then, if forget about KYY, the result itself very promising. Nice turn around company. Two continuous quarter making profit. Remember last time still have some 'rumor' project not yet announce....The one reported in newspaper and question by bursa.... :)

wasai.... KYY meh.... so how? still hold ar?

So SKL....haha....

Some of the insider is big shark in the share market. I paid my lesson for this counter. Fortunately my average cost low. Dispose all last week.

Another counter also have similar potential, 7181, Aturmaju. It once hit RM 0.60 few weeks ago. Now drop to RM 0.37. Lately some many positive news. Looks like a successful turn around story. Will it shoot up like Naim and Dayang? Hit RM1.00 within very short period of time?

Naim share price double in less that a month time. Time for share price adjustment? When will big shark cash out?

last year EPS 17.02c, very attractive. about 17% of current share price. Will Dayang announce dividend? Looks promising. mari mari mari. ONG ONG ONG!

@Patrick TheBull sifu, PA tp RM 0.31? Last month the mother once hit RM 0.60.

@Jasper Coo, why the profit should be more? I check previous announcement and available information, 2018 profit almost everything from quarter 4, which they started diversified into technology. Assuming they only able to maintain the performance, means 2019 profit will be RM 16.88M. Technology category company PE is easily 30 times.

Up too much, maybe will have some price adjustment soon. mid to long term investor should be fine. Short term speculator better be-careful.

Aturmaju-PA pretty cheap now, worth buying?

subsi kena lawsuit in China, RM 520M. IDSS opportunity?

Thanks Minahkarant. Will keep an eye on 0055 as well.

Hi minahkarant, how about the ASX listing? Will it help the share price?

How come yesterday have two positive news, Alibaba MOU and ASX dual listing, the share price still plunge today? Stock market really unpredictable... better go Genting...at least almost 50% winning rate.

@jayalbert , @Alan Kok Kim Lin, What director tips? Share share pls.