F&N buying Cocoaland, Wilmar should buy 3A..

i think the market wants to see the company distribute its higher profits...reward its shareholders with dividend. else it's just another value trap companies. i'm still wondering why is Ah Hock in/out little bit. Just make general offer la.

KNM board is now controlled by TY people. For some strange reason, TY seem to always keen in this sector. Previously, Malaysian Merchant Marine Berhad (MMM) , Trenergy Berhad, Siam Power .. Not good outcome on company level. I honestly don't know why he thinks he can turn around KNM with almost same people. I wonder if they benefited or shouldn't it be "once bitten, twice shy" case?

KNM board is now controlled by TY people. For some strange reason, TY seem to always keen in this sector. Previously, Malaysian Merchant Marine Berhad (MMM) , Trenergy Berhad, Siam Power .. Not good outcome on company level. I honestly don't know why he thinks he can turn around KNM with almost same people. I wonder if they benefited or shouldn't it be "once bitten, twice shy" case?

its largest shareholder need money. LTAT needs to declare dividend to its members too. Need to make everyone happy. Then election. :)

Compared to ajinomoto which has about same revenue category, 3A is definitely trading at much cheaper valuation in many metrics (P/E, P/BV etc) .
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2658
since the market does not value 3A, i think the major shareholders should privatised the company or even Wilmar can just offer wholly.

Boustead should do some restructuring...demerger... like what CCM did with its subsidiary Duopharma via capital reduction, distribution and share consolidation. I believe they will do that if privatisation is off the table.

https://www.theedgemarkets.com/article/ctos-buys-out-ocbc-affin-bank-affin-hwang-ib-stake-ram-1723

yup. i agree that GE15 is coming soon and all the feel good factor.
I suspect BSTEAD or LTAT most probably will win the digital banking as well. Need to please the army too.

Can someone explain what is Mr Teo Kwee Hock actually trying to achieve? Create liquidity? He has been buying/selling for the past 2 or 3 years right?

the group's business in Sri Lanka will have big impairment and forex losses due to the crisis there.

is it fair to say that one of the side effects of war requires many repairing on the aftermath and that uses many of chinwel's products?

https://www.theedgemarkets.com/article/affin-bank-sells-asset-management-arm-cvc-capital-partners-over-rm2b-say-sources

https://www.theedgemarkets.com/article/affin-bank-sells-asset-management-arm-cvc-capital-partners-over-rm2b-say-sources

i believe MAA will take up the 10% of private placement. MAA definitely want to control the board. i think it's all been orchestrated from the beginning even before appearing as substantial shareholder.

in fact people eat more when stuck at home. hahahaa. :P

let's see if today after 5pm MAA disclose how many shares they bought on 8/9 if any.
i still firmly believe MAA will want more than 10% ... doesn't make sense to trade short term at 7% holding.

Better still, own more than 20% or if TY risk appetite is high, then make a general offer hoping to reach 51% after triggering the 33% threshold and make KNM a subsidiary of MAA .. then MAA can take over their book.

EPF = OPM

after reading online articles about KNM, it's so absurd to have people like LSE and family run a public listed company. Eg. charged for insider trading and even got barred by authority etc etc. so many controversy about its founder
https://www.sc.com.my/regulation/enforcement/actions/civil-actions-and-regulatory-settlements/civil-action-in-2020

I pity those of you who lost money investing in this company. At the same time I applaud you guys for able to have his cronies out of the board in the end. It is not an easy task. Impressive. Since you guys have manage to group together, I would suggest those shareholders who lost money to seek for legal advice for this injustice. I think you guys will have a very strong case to get damages from the court.

MAA know they have to accumulate as much as they can from the open market before today's disclosure .... and before everyone know their intention. i hope MAA already own more than 20% and take control .

https://malaysiastock.biz/Company-Announcement.aspx?id=1346849

MAA acquired only 33,000,000 shares on 7 Sep. Announcement dated 9 Sep.
Total no of securities after change 266,001,800 shares ( 8%)

Let's see how much MAA acquire on 8 Sep (yesterday where the trading volume was 800 million shares). I'm still convince MAA will increase to more than 10% and try to control the board.

The most important document of this whole takeover is officially out, the Circular. If any disputes, lawsuit etc... It will refer to this Circular.

The adviser (Alliance Investment Bank) gave their opinion and recommendation. Based on Alliance IB own valuation, the estimated value per MMC Share is between RM3.32 - RM3.41

We will know later today or by this Friday if there is any increment or disposal from MAA. Everyone has their own theory and opinion.

The law require any substantial shareholder (anyone above 5%... that includes LSE and MAA) to notify company of change if there is a change in his interests in the voting shares in the company; within 3 days after the date of change.

I entered KNM at 0.28 only after the MAA announcement, purely based on the speculation that MAA will increase its voting rights to more than 10%. I don't know about KNM before this. After seeing such fragmented shareholdings, no one control over 25%.. I would try to take control of the board if I'm MAA. I am also guessing.

it's hard to subscribe that someone who founded and at helm of the company would sell just because someone advice him to do so.
could it be maybe he knows something that the public does not know ? it's a question. i don't know about KNM. I came to know KNM coz of MAA and from the limited public info or news like https://www.theedgemarkets.com/article/curious-happenings-knm
Indeed it's curious happening ever since.

I have bet some on KNM yesterday just based on the speculation that i think MAA will increase to more than 10% ....

why did the founder dispose his 1.4% stakes to MAA directly if the company is worth much more?

in fact, I would prefer MAA to make a general offer for KNM. See if it can get more than 50% and make KNM its subsidiary and still maintain listing status of KNM and take full control. It is possible as the shareholdings structure of KNM is so fragmented and no one control 25% ... so ripe to take control.

i agree. it may not be right. it may also be right. nothing is certain. if tomorrow MAA invest in airline, supermarket, or ANYTHING, there will always be critics. these people are entrepreneur and it means their nature is always to take risky bets in investment. this is the animal spirits.

in fact, I would prefer MAA to make a general offer for KNM... even if means the company need to borrow for the leverage buyout and seek shareholders approval in general meeting ... See if it can get more than 50% and make KNM its subsidiary rather than just associate... Possible as the shareholdings structure of KNM is so fragmented and no one control 25% ... so ripe to take control. Another Turiya method. Oh i just love this high intense activity. :)

I am guessing MAA will accumulate more KNM shares to more than 10% shareholding . They have 7 days to disclose the changes in substantial shareholding, still within the disclosure rules. It won’t cost them too much in order to seek for board representation or even boardroom control and to be able to convene a shareholder meeting. Doesn’t make sense if MAA only buy 7% unless it’s short term or purely passive play…

At least we know MAA is prudent in their purchase.

I prefer they buy when the industry is consider at bottom of the cycle or at cheap entry. Buy cheap hoping to sell high. Maybe it will never go high. But at least I don't buy it at high price (boom of the cycle.. or during some euphoria mania eg. glove mania)

I am guessing MAA will accumulate more KNM shares to more than 10% shareholding . They have 7 days to disclose the changes in substantial shareholding, still within the disclosure rules. It won’t cost them too much in order to seek for board representation or even boardroom tussle and to be able to convene a shareholder meeting. Doesn’t make sense if MAA only buy 7% unless it’s short term or purely passive play…

MAA also own 7% of Altech Chemicals Ltd.
https://www.altechchemicals.com/top-20-shareholders
https://www.altechchemicals.com/about-us/profile

maybe MAA already got 10% ? if they are smart which i'm sure they are, they would have acquired more shares from the open market yesterday on 2 sep before all the necessary disclosure. let's see later this evening if there's any notice.

their announcement yesterday dated 2 sep was for accumulation from 3 aug - 1 sep.

"the Company has acquired to date over the period from 3 August 2021 to 1 September 2021 from the open market a total of 233,001,800 ordinary shares of KNM Group Berhad (“KNMG”) at an average price of RM0.227 per share, representing 7.01% of the total issued share capital of KNMG for a total purchase consideration of RM52,891,408.60 "

agree. plantation is still a good bet. most likely we will see more activities, consolidations, privatisations, mergers and acquisitions in the palm oil plantation industry. The way forward is economies of scale to compete globally. I think the big boys will always look out to buy small plantation companies or land if the price is right. last time i bet on this very small plantation in sabah called goldenland bhd. felda fgv bought goldenland bhd assets in sabah for 650 millions. after that the company distribute it as special dividend and reinvest in new palm oil plantation in indonesia.

https://www.thestar.com.my/business/business-news/2021/09/01/maa039s-isend-logistics-partners-ikobana-to-expand-delivery-service

i don't see how this deal will not go through because the offeror is TS Syed Mokhtar. if it's other people... yes, success probability is lower. So it is a bit strange to me that the share price still trade at such wide discount (almost 10% discount ) to the offer price.

is market 'worry' about why the IA report yet to release since it is more than 2 months now? Is alliance investment bank opinion might say "not fair not reasonable"? i think it is very low probability for all the obvious reasons we know. but hey..., the only certainty is uncertainty.

"the Group is still continuing with expansion plans for lands acquired in the vicinity of existing factories and the Group is optimistic that its plans would contribute positively to the Group going forward."

what a great growth story! it is very undervalued versus its peers. I believe it will trade much higher with more sensible valuation in terms of price/earnings or book value of other recession proof businesses like ajinomoto, guan chong etc.

no matter how you look at it, the offer price does not reflect the true value of the company. in terms of valuation wise.

volume so low. anyway the quarterly result report should be good. less motor insurance claims due to the lockdown and most likely good investments return due to equities market still rising.

the company is very inefficient and has relatively low productivity. it cannot compete at all. it used to be government owned and should have remain so. just like civil service. you create jobs to many unnecessary roles but that's what government are for. provide some safety net for those who fall through the cracks of a free competitive capitalist market.

refer to page 42 of the Annual Report 2020, the directors and senior management took about total RM28 millions as salaries and remunerations. how to invest ?

the circular by Independent Adviser recommendation should be out soon. most likely will be the usual BS... "not fair but reasonable".

Open Letter to PSA International Pte Ltd.

To : Board of Directors of PSA International Pte Ltd

PSA is known to be aggressive in overseas expansion for stake in some of the world’s busiest and fastest-growing ports. In 2006, PSA had a bidding war with Dubai World Port for Britain P&O port assets around the world. It was a great business move by PSA that resulted its competitor’s cost of acquisition expensive. Subsequently, PSA bought 20% in Hutchinson Ports from Hutchinson Whampoa. Maybe PSA should bid for MMC too!

MMC’s jewel, the Pelabuhan Tanjung Pelepas is Singapore’s main competition in transhipment. PTP recorded an astonishing 8.5% growth last year despite the pandemic. Why not bid for a strategic stake in MMC ports? This is a great opportunity for PSA to have a strategic business stake in Malaysia port assets. Show them your muscles. Make a general offer . It will be just “a drop in the ocean” for PSA anyway. Think when PTP pulled your customers (Maersk, Evergreen) away. Why let TS Syed Mokhtar get it so easily.

Looking forward to your offer.

Yours sincerely,
MMC shareholder.

the downtrend ... is real.

i agree with Syndicates. This stock always have insiders trading.

well, if the board reject the SCR, it shows that the board is not the "lapdog" of the major shareholder. truly independent and high standard of corporate governance. i probably might rejoice since this is like malaysia winning a gold medal in olympic despite share price will drop.

or.. maybe PNB gonna make their view known about the offer price.

padini is damn resilient. despite mco for months, share price support is so strong. doesn't matter at all

volume is strangely above average recently. i suspect something is brewing.

@johnzhang i think at 1.50, TY will most likely get enough support. i quite like to stay as shareholder too. doesn't matter if there will be any offer. as mentioned, already recovered most of the costs thru past dividends. i very much like the insurance biz in philippines , a good growth story. Umar Swift left the company in a very good shape. And he is the first foreigner to head Bursa now.

I can't speak for others. for me, honestly i don't know. I will only evaluate if the time comes. depending on the prevailing conditions then.
also, never show all your cards :)