my experience with RI was simpler since I'm using Maybank Investment. They settled for me. I just need to ensure my trading account has sufficient amount for the RI and the bank representative called me to confirm my subscription and informed me of the total amount needed.

I didnt fill any forms or post any documents.

5 cents is nothing. For MRCB to offer RI at RM1, it must go back up to 1.57++. Now it only can offer 0.75-0.8 with such price.

Seem ppl is happy that Isa is arrested. Any leaked news on the CEO? Else, why the big jump?

I wonder if other BoD would be arrested as well. If that happens,instead of limit up, it will be limit down

2 contracts awarded in a single day.

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that the Company had today received a Letter of Acceptance from Tenaga Nasional Berhad to award the Contract to MRCB at a contract sum of RM40,000,799.90. The duration of the Contract is 15 months from the date of site possession.

The Contract is expected to contribute positively to the future earnings of the Group.

FLASH: MRCB gets RM369m contract to construct Damasara-Shah Alam Elevated Expressway from Prolintas

Tomorrow is the D Day for FGV on whether to advance up or coming down again. Looking at today's trade, dont seem to be positive. Else, based on FGV leaked news, the counter should up much if Zakaria is reinstated.

Quarter report would determine the price direction. If report weaker report, meaning the Lens business still weigh down on the business.

When are they going to do the price fixing? Just get it done fast so that mrcb would move to next chapter. This RI has been drag for long. 30% of market value gone in smoke because of this RI. Just issued RI at 0.75 with ex price RM1.00. Next declare a great Quarter results n push back the price to Rm1.30 b4 announcing BM involvement. That may push to RM2. All the RI subscribers would laugh all d way to banks

paktua73, thing is they said they have paid and now they agreed to pay again. So what's the logic there? Yet, ppl still claim that ppl has misunderstood 1MDB issue, no fraud cases, MOF never pay a single cent to 1MDB to settle its debts. Wasn't 1MDB setup by Government using Government assets and seed fund? And they bought TRX land below market price and then sold back to Government for many folds of profit? And now 1MDB is back to wholly own by MOF, and yet can claim no single cent pay to 1MDB. Only those brainwashed zombie would believe that literally and believe that 1MDB grows its money on tree, hence no need government to inject a single cent in it.

This 1MDB is really a joke of the century and could be the biggest financial scandal as well. Nat Geo and Discovery should make a documentary on this 1MDB and also that FGV for the future generation to study and learn from.

In my opinion, why need to pay since we claimed that 1MDB has paid IPIC last time? Just refuse to pay and Saman IPIC for demanding us to pay something that we have paid...

Come Monday when Zakaria is terminated n 1mdb failed to repay IPIC, FGV would go down drastically. Tomorrow may drop 3-4 sen as some holders may want to reduce their risk and sell off some holding in FGV.

I already gave him the proposal to find 3.5 billion mah...

860000, thank you for the sharing. yes profit booked from RHB isn't translated as cash. This I agree. Dividend wise from RHB would be translated as cash. However, such profit booked from RHB would still reflect on its quarterly results PBT and nett profit which play a significant part in determining the counter price of OSK. Isn't that RHB has reported averagely RM1.5 billion nett profit for the past 3 years and with OSK 10% shares in RHB, that would translate to RM150 million booked profit? Im not an accountant, hence i can only give a layman understanding in this.

I was incorrect to say it keeps lot of cash after 2012. It kept lot of cash prior to 2012 until it used most the cash for the RHB merger which pumped up the NTA but not the counter price and dividends to shareholders.

As of now, I don't find any news or updates regarding OSK wanting to sell its stake in RHB and who is the willing buyer. If OSK is not going to sell their stakes, are they willing to get their stakes diluted with the merger with AMMB then? If they are not willing, they only can acquire more to maintain their stakes in the merged/larger entity or sell off their stakes.

sctan, that's why I used the word 'IF'. Not for certain that OLH wants to buy more. And if he really want to buy, the stake available for sale now is from ANZ holding in AMMB. Not necessary must buy RHB.

It speaks volumes when PHB dropped from RM5 to Rm0.55. No brainer to notice that. That proves something is terrible wrong in PHB. Now ppl can just hope for turnaround and rebound. Yet to see such turnaround after 5 years of monitoring this counter. The China market is still in a mess which cause them to lose their sights on SEA market. PHB need to assess and reinvent itself and transform drastically or else it's going to be left out in this fast paced economy. It's unfortunate that PHB not a GLC/cronny/political organization and yet it ended up like one e.g. MAS, FGV

FGV is waiting for the outcome of the DI. The price isn't moving much for past 7 trading days, indicating no direction at the moment. Wonder if the DI would be completed by this week or further extended?

The thing with Supermax is retail investors always compare it with the Top 3 gloves players in the market. The term that has been used again and again is undervalue if comparing to others. Unfortunately, this has been playing for the last 5 years and yet Supermax still fares much lower than the rest. Is it really undervalue? That is for you and me to assess.

860000, you can chip in your writing and opinion instead of just giving a one liner comment. That is no brainer.

long time didnt check on this OSK. Hmm latest news not that positive if OSK decide to acquire more in order to be majority shareholder of the merged entity. That would cost OSK few billions. It may trigger an RI or more borrowing. If OSK decide to sell off its holding in RHB, then OSK would have nothing left in the financial industry and become a pure developer player. That wont be good for OSK as financial still generating quite a big income for OSK.

Looking at past trend, OSK would not reward its shareholders with the sales proceed just like what happened when OSK merged with RHB. It just pumped up its NTA and nett profit for certain quarter. I recalled that OLH didnt even reward shareholders with the fortune. It pocketed almost RM900 million profit for that quarter alone. That's the reason why it still keep lot of cash and the share price is still at pathetic level after all these years. That cash still sit inside OSK and generating nothing more than FD rates.

If OSK is going to call for an RI to acquire more shares for the merged entity, be prepared that the counter would be bashed down just like what happened to MRCB.

PHB is a lost cause. Just wait for WC to privatize and delist it for maybe 0.35-0.40. Next, he would do all the wonders and relist it after 2-3 years for RM2. Not easy to make profit from WC. He's just like the OSK boss. Everything they sapu and leave the shareholders with crumbs or none at all.

Harta, Top Glove, Kossan are at all times high but Supermax is at all time low. So u know lah Supermax is always against the flow. Institutional funds prone to make their investment into the top 3 gloves player instead to Supermax due to the risk of Stanley Thai being prosecuted on insider trading as well as his open declaration of support to Opposition. Not forgetting his often delayed expansion for the plants in Klang and also the Glove City. And now, spending significant investment in the Contact Lens business.

Supermax usually dont follow the rest of the gloves players. With capex spent on the lens business, expect a standard results. The good thing here was Supermax paid a high tax back in q2 2016. Hence, this q2 2017 may posed a significant higher nett profit yoy. qoq basis, don't think so. You would be surprised on how Stanley Thai always like to suppress its share and nett profit.

Price fixing mostly around 1.15-1.20 with RI Price around 0.75-0.80. With that, the ex price of MRCB will be 0.95-1.00. All warrants should be adjusted around 15%-20% with rough calculation. You guys should have some baseline now to reassess your investment in MRCB. It's already been a week since the price hover around this range.

Any inner circle of our PM can help to forward my suggestion to him? Maybe he would consider it. Once all these are done, FGV may have slight hope to rebound.

Najib now got lot of bombs to diffuse,
1. FGV and Felda settlers. He needs to find RM1.6 billion to deliver the "sweets" prior to GE14
2. Unfortunately, BM for 1MDB was delayed and hence Najib has no extra money to cover both the 1MDB financial scandals and to come out with the sweets for Felda Settlers and also GE14 expenses.
3. Now IPIC is demanding USD600 million payment due 31st July. Najib has no money to pay this as well and this reflects badly on Malaysia and its financial standing. Not to forget it also show that the initial payment of more than USD1 billion was indeed siphoned out to illegal recipient Jho Low and no one was caught and prosecuted until now. Even AG said no case but now Malaysia is compensating IPIC. These two actions are contradicting each other.

In my humble opinion, I would suggest that Najib to get the donation from the ground as follow:
All the UMNO warlords to make personal donation from their own pockets with such breakdown:
Get 100 warlords to donate RM10 million each, another 100 to donate RM5 million each and the remaining 300 to donate RM2 million each. Total: RM2.1 billion.

The remaining 3.5 million members to donate RM100 each, total up RM350 million.

MCA, MIC, Gerakan, all other BN parties to come up with another RM1 billion donation.

In total RM3.5 billion. Sufficient to cover both Felda settler sweets and payment to IPIC for now. Next, expedite the selling of Bandar Malaysia and secure the payment before the GE14. Now, he has the fund to call for GE14.

In a week time you would know if this counter would rebound or continue to doom. Next, in another 2 weeks after that, it could be another doom when FGV releases its q2 results. If these two negative news occurred in August, FGV can go down until RM1.2 in Sept and Oct before rebounding lah when Najib announced GE after October budget speech.

Yes the RI has been long and the price has been depressed since mid May 2017 when they announced the RI. Almost 3 months now and hopefully this RI is done by end this month. MRCB is too slow in getting this sorted out.

that soon can be 12 months from now Calvintaneng.

Price fixing mostly around 1.15-1.20 with RI Price around 0.75-0.80. With that, the ex price of MRCB will be 0.95-1.00. All warrants should be adjusted around 15%-20% with rough calculation

Dropped back???

You can subscribe more RI if you buy more RI warrants during the one week trading or you buy more mother share now since the RI is on a 1 for 1 basis.

curious2 still dont get it on RI. If you dont own any mother share, you can't buy RI at 85sen. You have two options here:
1. Buy mother share before the ex date and subscribe to RI for 85 sen OR
2. Buy the RI warrants during the one week trading and then subscribe to RI for 85 sen.

As observed by gcke and I, the 99million sales of Affin AXA has no material impact on FGV. Hence, there s no positive movement of FGV price. The significant catalyst would be next week announcement on Zakaria DI decision. If Zakaria is reinstate, expect an uptrend to 1.80, else not, downtrend could be brutal. Market may punish FGV down to 1.30 anytime. All d best!

What can extra 99million does to FGV bottomline? Just to cover BOD salary and also the 4 officials on leave of absence salary and allowances? Besides it s not nett profit cause FGV invested in AXA Affin earlier. I have no idea on how much they invested in AXA Affin before this

yozepo, the 1 week trading would be announced by MRCB when they have done with price fixing and all the RI details. It would all be included in that. Things that you guys need to take note based on my experience with RI:

1.ex date of RI
2.offer RI Price
3.the dates for the 1 week trading
4.settlement date for you to transfer the money for RI. Usually your trading/IB would contact you on this and remind you.
5.listing date for your new MRCB shares.
6.not to forget for those who subscribe to RI also will get free detachable warrants.

kcwong, if you dont plan to subscribe, sell off your RI warrants during the 1 week of trading. Your mother share price would be adjusted lower after the ex date. Hence, if you dont sell of your RI warrants within that 1 week, meaning you are subscribing. And if you can't come out with the cash, you may lose this subscription rights. Im not sure if they would compensate you back for this. Hence, the best is to sell off your RI warrants during that 1 week trading.

This counter yet to generate any interest but I am looking forward to the Q2 results and to assess if the management and BOD is doing a great job in growing the company further.

It depends. If the exercise price of C9 is 1.25, ppl may want to take the risk. But C9 exercise price is at 1.45. It's such a big premium to achieve within a month. Unless, ppl goreng MRCB shares just like IWC. But that would be rare and slim chance due to RI now.

Forget about 1mdb. We wont be able to dig anything out as long as the current gov is adamant in covering up. This can of worm only can be opened when new gov taking over. Else, it would forever be buried until one day Najib joined opposition and poking BN. Then it would be digged up and conduct RCI.

who in their right mind would want to buy into c9? If you buy it at 0.05, MRCB mother share would need to be at 1.46 for you to earn 0.05. Do you think MRCB can go up till 1.46 at the end of this month while RI is still in progress?

The initial proposal is to raise RM2.86 billion by offering RI at 1.00. My best estimate now with 1.17 mother price, they only can raise RM2.145 billion by offering RI at 0.75.

keposhare, rationally do you think MRCB want to offer RI at 0.65 and raise RM1.86 billion? If you think so, then RM1 is possible.

Seem to stabilize back today. This could be the bottom as at such price, MRCB only can offer RI around 0.75. Don't think they want to press further for cheaper RI. With 0.75 RI, they could raise around RM2.145 Billion.

Calvintaneng, wait for after 430pm. This whole week they pushed down the price after 430pm. 3-4 sen down in just 10-15 mins trading after 430pm.

Pls note that the lower RI price they offer, the lower cash would be raised. They was aiming to raise 2.86 billion by offering RI at RM1. Now with the current price, they only can offer around 0.75. They already failed to raise 2.86 billion at this rate.

4444, in order for you to qualify to subscribe to the RI, you have to own the mother share or buy the RI warrants that would be traded for a week. You won't be able to buy mother share at 0.85 from the open market. Even if they offer RI at 0.85, the ex price of the mother share should be around 1.07 to reflect not less than 20% discount. Hence, for them to offer 0.85, the mother share has to trade around 1.30 during the average 5 days VWAP fixing. Anything lower than that, they have to offer an even lower RI.

If the price continue to drop until RM1, they only can issue RI at 0.5 by then. That would be just merely RM1.4 billion being raised. 50% of the initial proposal.

so far they have wiped off RM1.315 billion from the market capital in order to raise RM1.77 billion.
Isn't that insane and stupid?

If RI at 0.62, they only will be able to raise RM1.77 Billion. RM1.1 billion less than the initial proposal. No point to raise RI at the first place and cause the share price to drop so much. Should have gone for bonds or private placement instead since just need to raise RM1.77 billion.