Hoot 9e BPLANT

Read this: KENANGA MAINTAIN BUY CALL FOR BPLANT AT TP RM1.55

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-10-05-story-h-218745391-Boustead_Plantations_Bhd_LTAT_to_Replace_KLK_in_MGO_at_RM1_55

KLK is continue buying from the market, very soon you will see announcement that KLK emerge as substantial shareholder of BPLANT, with above 5.00% share on hand.

No lose for KLK.
If LTAT firm the offer, KLK can sell it to LTAT with 10%-15% gain (within 6 month).
Sure LTAT will continue the offer, because now BPLANT is listed company, all the things is transparent and cannot hide from public. But once it privatised, then different story, LTAT can do anything (rename BPlant to some common name where no one will aware, split Bplant asset into many small company and sold it, sell the land instead of sell the company....etc).

Just like Boustead privatisation, now you seldom can see Boustead news on paper. You wont know did LTAT start selling Boustead Prime Asset (Royale Chulan Hotel, BHP Petrol), maybe some of the asset already sold, but you wont know, coz they have no obligation to announce to public.

Please put yourself into KLK shoe:-

1) KLK already forked out RM100mil to buy the 69mil share from open market. If KLK dispose the share tomorrow and next business day, KLK will have to recognise a realised losses of at least RM50mil-RM60mil. And

2) You need to understand that why the deal being called off, mainly is because of political parties playing the bumiputra issue. So if today Bplant is selling to another Bumiputra company (i.e. Syed Mohktar), do you think it still will be called off? The answer is No, the deal will 100% success. So, as BSTEAD Holding is really really facing cash flow problem, so they have no choice but to find another buyer soon. And this round, there wont be any Chinese company or foreign company participate, so only the few Malay conglomerate companies will participate, and they have no choice to offer higher price, because if they offer below RM1.55, then it will be not fair to all the BPLANT shareholder, why you reject a higher price offer and accept lower price offer.

So back to the topic, if you are KLK, with the 69mil share on hand, now you are the 3rd largest shareholder in BPLANT. If you dispose it, you will having big realised loss. But if you keep the share, or even purchase additional 160 mil share from the market, then KLK shareholding in BPLANT will reach to a significant level of 10%, then KLK will become the King Maker in BPLANT. With this 10% share on hand, KLK can play a very important role in any future decision of BPLANT, no one can privatise BPLAT, no one can takeover BPLANT.

Please put yourself into KLK shoe:-

1) KLK already forked out RM100mil to buy the 69mil share from open market. If KLK dispose the share tomorrow and next business day, KLK will have to recognise a realised losses of at least RM50mil-RM60mil. And

2) You need to understand that why the deal being called off, mainly is because of political parties playing the bumiputra issue. So if today Bplant is selling to another Bumiputra company (i.e. Syed Mohktar), do you think it still will be called off? The answer is No, the deal will 100% success. So, as BSTEAD Holding is really really facing cash flow problem, so they have no choice but to find another buyer soon. And this round, there wont be any Chinese company or foreign company participate, so only the few Malay conglomerate companies will participate, and they have no choice to offer higher price, because if they offer below RM1.55, then it will be not fair to all the BPLANT shareholder, why you reject a higher price offer and accept lower price offer.

So back to the topic, if you are KLK, with the 69mil share on hand, now you are the 3rd largest shareholder in BPLANT. If you dispose it, you will having big realised loss. But if you keep the share, or even purchase additional 160 mil share from the market, then KLK shareholding in BPLANT will reach to a significant level of 10%, then KLK will become the King Maker in BPLANT. With this 10% share on hand, KLK can play a very important role in any future decision of BPLANT, no one can privatise BPLAT, no one can takeover BPLANT.

I feel that many investor here is always waiting to collect TopGlove.
They always like to post something like "Next week TP 0.60, Next month TP 0.50....etc"
Why like that leh?
If you want to collect, you just collect quietly, why you want to posting something and expect other shareholders affect by you and throw their share to you.
If you don't like Topglove, then you just leave it alone la, why want to come here.
For myself, I only focus on counter that I want to collect, I wont go to counter that I don't like and keep comment bad word there.
For example: If I don't like KNM, I wont bother about it, I wont look at it, no matter it drop to 10sen or 1sen, it doesn't matter for me. Why I want to go to KNM Thread and always post something like "Next week TP 5sen, next month TP 2sen".

Just take one of my Aunty as an example, this Aunty inherited a Sdn Bhd from her father.
The father is running a small business at KL at 1980s, and at that time they have bought some vacant land beside its shop.
Based on the book value, this Sdn Bhd has a vacant land with carrying value of RM800-900k.
But if you really hire a property valuer go to value that piece of land (located at one of the city centre), I bet minimum it worth around RM10-15mil, which is 10-15 times of its book carrying value.
I don't know what policy government can do, but I think we need a merchanism for all company to reflected its market value, rather than keep everything at the original purchase cost

Agreed with OTB, our Malaysia Stock Market has underperform its peer for many many years.
To make KLCI great again, basically we just need few factor:-
1) Stable Government, Stable Politic.
2) Attract more foreign fund to come in.
3) Increase EPF or Institution investment allocation in Malaysia
4) Change some accounting standard or policy, to force all listed company must revalue their assets every 2 years.
5) Implement financial / investment education at all college & university. Every year, Malaysia has 400k-500k university student enrolled, if every university students has study about financial knowledge, know what is share market, how to invest in share market, then all these student will join the stock market are they graduate, so within 5 years time, you can expect there is additional 2-3million retail investor in our Bursa market.
Currently, there are many listed company keep their assets at very low book value, all these assets are the land, properties that they have purchase 10 years, 20 years or 30 years ago. Many of these assets has increase value by 2, folds, 3 folds, or even 10 folds, but all these value are not reflected in their book.

Also, recently our government has propose to have capital gain tax on non-listed company. I think this also can be a good news for KLCI, as I believe many giant size non-listed company may expedite their progress to get listed in KLSE.

So overall, hope the current government can continue to manage the country for next 5 years - 10 years, then we will see a prosperity Malaysia.

I think there are few solutions can be proposed:-

1) Extend the deal for another 3 months - 6 month, then everybody will forgot it d
2) Loop in KWSP or PNB as the joint offeror, so Bumiputra won't feel that their share has been diluted
3) KLK reduce the acquistion stake first (i.e. from 33% reduce to 25%), then after half year, BPlant facing financial problem, and do private placement (i.e. additional 10%-20% share) to KLK, or right issue at high price, whereby LTAT cannot subscribe, then KLK will absorb all the right issue.

My US fren told me:-

Currently, US is rely on imported glove, so they welcome the cheap price glove from China. Moving forward, once there are more n more manufacturer setup in US, US will start to impose the Anti Dumpling Law against China, because those China Manufacturer are selling their product below their own cost, so this is not fair to US Glove Player.
By that time, China player will be force to increase their price and they will become less competitive. And Supermax US Factory will be benefit from this.

YBS, still alive.

撇除2021 & 2022 油棕价的飙升， 你看回过去10年，也就是 2014 - 2023， 其实 RSAWIT　的营业额已经从每季度 RM50-60m 到 RM100-120m，　所以说这间公司其实是有在成长的，只不过在成本管理差了一些，希望管理层可以好好的经营这间公司。

@NatsukoMishima, I am not sure whether you have read the Intco financial report that just released yesterday.
At summary level, Intco is making profit in Q2'2023.
But after I spending 2 hours read the detailed financial report, I found that actually the glove operation is not profitable, the profit is actually come from its other income (i.e. Investment income).

FYI, Intco has invested up to RMB 6-7bil into money market or short term investment. At the same time, Intco has stop its expansion plan, now it only maintain 48bil Nitrile Glove, and company did not mention any further expansion in near future.

As China has stop its expansion, and Malaysia has reduce the capacity via discontinue those old factory, glove price has been stable.

China player won't reduce its ASP anymore, and they will follow Malaysia to increase the ASP accordingly (maintain 10-15% below Malaysia ASP, as nobody will buy their glove if they offer the same price as Malaysia)

@Likesung, the total losses at the group level is RM30mil, however, net loss attributable to supermax shareholder is only RM7.1mil, meaning RM22.9mil loss is belong to other party (minority shareholder).

You may wondering how come Minority shareholder absorbed more losses than Majority shareholder (Supermax), let me explain in simple example below:-

ABC Holding Berhad have 2 subsidiary:-

Subsidiary A is 100% owned.
Subsidiary B is 70% owned, and balance 30% belong to minority shareholder.

Company A made profit of RM50mil
Company B make losses of RM80mil

At group level, ABC Berhad is making losses of RM30mil.
However, if you calculate on in detail, ABC Berhad actually is making RM50mil profit from Subsidiary A, and RM56mil losses (70% x RM80mil losses), so actual losses attributable to ABC Berhad shareholder is RM6mil , not RM30mil, because the minority shareholder at Subsidiary B have to absorbed 30% of the RM80mil losses (i.e. RM24mil).

So back to Supermax, I believe this loss making subsidiary is the US/Canada subsidiary, as their operation have been affected by CBP.

Many analyst comment that KLK is paying a high price for BPLANT, but they are comment based on the land price, low yield of BPlant's plantation, old ages of tree. None of them mentioned about the Bplant's land location, nor they have mentioned about KLK ability to convert plantation land become new township like how they did previously for Bandar Coalfield.

Not penny stock soon, but is back to what it used to be.
Texchem used to at 50-60sen level

Hooray... Hooray...

Hoora... Hooray...

Hooray... Hooray!

RM1.55

If you compare Hexcare with Comfort, you will realised Comfort is a better buy, as Comfort has :-

1) Higher sales
2) Higher capacity
3) Higher cash
4) Higher NTA
5) Lower market cap (mean cheaper than Hexcare, although share price is 38sen)


Then we look at what Hexcare have :-

1) Dato Eddie (one of the mastermind in Bursa)
2) 20% Investment in Empire City, not sure this investment will become
3) Test Kit business (I believe Self Test Kit is one of the future trend). I hope they can invent many new type of test kit, such as influenza test kit, dengue test kit, cancer test kit...etc. Imagine next time we all no need to go clinic anymore, just spend few dollar at pharmacy to buy the test kit, then you can self test whether you got the disease.

Ya, IJM offer is still on paper, nothing have been conclude yet.
WIth more and more bad news revealed, IJM may abort the deal.
By that time, PESTECH will sink to 10 sen level

@spider68, in this market there are many day trader, and many remiser that working for bosses.
For example, day trader can buy & sell the same counter for many times during the day, as they are aim for 1-2 bid gain only.
They can buy at 30sen, sell at 31sen, then buy back at 27.5sen, sell at 28sen, then buyback again 25sen, sell at 26 sen again..... so, if assume each transaction is 1mil unit, the same 1mil will be transacted 6 times during day, so the volume will be 6mil shares transacted, but actually only 1mil share is moving in the market.

Petronas is a well managed company.
But don't know why those indirect subsidiary that under Petronas (which not carry the Petronas brand name) is managed like a shit.

Danco subsidiary JUSEV will soon be appointed as Tesla Charger Installer.
Of course this is not a exclusive appointment, other player will be appointed as well, but this will keep the team busy, almost everyday have appointment, and the margin should be quite luctrative.
I think company should start hire 30-50 technician, to prepare for the market demand next year.

No surprise today, but luckily share price still can hold above 70sen.
But maybe will slowly go back to 65sen.
Save more money to accumulate more units if the price drop.

Why Zoros post keep being removed?

Any update on the signing ceremony?

IkanBilisIkanJerung, appreciate if you could share the first hand news to all the YBS supporter in this group.
Thank you very much in advance.

Really wondering who will be the financial provider for YBS?

Someone mentioned OCBC bank in thread above.
Some source said is Government linked institution (i.e. KWSP, KWAP, LTAT)
Some even said is International Institution (i.e. Termasek, Softbank, Goldman Sach, JP Morgan)

Anyone stay in Penang later will attend the signing ceremony?

Hopefully tomorrow no more sell on news.
Today market capital is RM178mil.
I hope by next year same day, it will become at least RM712mil (300% increase)

PPHB is a undervalue GEM.
When the timing come, It will shine like a Diamond.
TP 1 = RM0.70 (Achieved on 10th Jan 2023)
TP 2 = RM0.90 (Will be achieve soon when East Wind is coming)
TP 3 = RM1.?

Malaysia stock market have been behind its peer for many years.
It is time to catch up.
Day trader with low holding power have been dominated the market for many years, it now for value investor . long term investor to control the market.
We donwan earn few cents and take profit, we are targeting 10 bagger.
Select few stock with great potential and growth for next 5 years , then keep invest on them, every month very week invest, never think about sell before it reach 200-300% of your original investment

YBS will be next Genetec

YBS will be next Genetec.

GENTING BERHAD ("COMPANY") Offering by Resorts World Las Vegas LLC and RWLV Capital Inc., both of which are indirect wholly owned subsidiaries of the Company, of US$400,000,000 in aggregate principal amount of 8.450% Senior Notes due 2030 ("Notes")


Does it mean Genting need to pay 8.45% interest to those investor that purchase the Notes?
USD400,000,000 x 8.45% x RM4.5 = RM152,000,000 interest per annum?
Why willing to pay so high interest?

add more 30,000 units @ 66sen/66.5sen, last batch for this month.
No more bullet d.
Need to go to earn more money to accumulate more YBS

0.50 could be happen after it hit RM5.00, the split for 1:10

@Hotstuff, for the past few months, I believe YBS has been working closely with Local Bank Institution, together with Government Institution (such as EPF, Khazanah, LTAT, KWAP) , to work out on the funding of USD70mil.
And today they have signed this agreement, meaning YBS should has successful secure the funding.

This company market only RM180mil, and now it is signing a contract with a USD3bil company to collaborate on a production facility which involved USD 100mil cost of investment.

I mean this is a very big project and it could help this company to turnaround to become one of the top manufacturer in Penang, why retailer are jumping ship now?

Please imagine yourself, if you are going to invest USD100mil on a factory (equivalent to RM450mil), which is more than double of its existing market cap, what kind of annual sales your are expecting? Let said very prudence, this factory should at least produce minimum RM200mil sales per year (current existing revenue is around RM100mil), so you can expect this company will become a company with RM300mil revenue per annum, and assume 10% profit, it will have PAT of RM30mil per year.

Why you jump ship now?

Once again, Sell on News happen!
Really disappointed with Malaysian market, full of retail investor that aiming for small profit and hit n run.
Why Malaysian investor cannot aim for long terms? Hold the share from RM0.70 to RM7.00,
Why earn 3sen, 5sen already take profit ?

Why tomorrow? Any special event on tomorrow?

Tesla Model Y received 10,000 order in few days.
Assume 10% of the customer will order wall charger from Jusev, there is another 4,000,000 revenue on the book.

在小小的Bursa里挖呀挖呀挖，挖到了一个非常有潜能的Dancomech.

Wah... Even Dr Loh also cut losses... Just within a month.
Really salute to Dato Eddie.

No matter RM1.30 or RM1.40, it will build a very good base for BPLANT share price.
Mean the price will forever stand above it.
hope the announcement faster come out

DANCO is the hidden EV Theme Stock.

Its subsidiary is doing extremely well in the EV Charger market.
Malaysia is expecting minimum 10,000 charge station by 2025, and I am expecting market should have et least 50,000 unit of EV car by 2025.
Assume each customer average spend RM4000 on the EV Charger installation, DANCO is expecting to capture 10% of the market share, so perhap we can expecting at leas 5000 customers installation within the next two years, which is equivalent to RM20,000,000 sales.

I remember I saw an analyst report before few months ago, it stated the RNAV of BPLANT is around RM1.89.

Hopefully can sell at RM1.80 and above