What if they do not provide the shareholder list and they conduct their own EGM at the said venue?

Die lah... seems the new group of shareholders not enough shares, asking public shareholders to support them to win the EGM.

Hope they can win and we all can ride along.

EGM again , seems that Chow Zee Neng is making a come back after being voted out in the previous EGM in July 2019 together with the previous board of directors

Chow Zee Neng is working with Chu Boon Tiong of NWP and Industronics to garner more shares to make the fight back

But it remain to be seen whether they will win in this EGM , let’s hope it drives the price higher and we ride along

Closed today 0.165
Been struggling 0.155 - 0.17

This is typical clearing (or trying hard to) stocks... hope they can clear enough ...

If it drop to 0.12 means they almost cleared if not cleared, it’s buy time.

This player no money , hope he can gather some bullet and we all raise with him.

A rising tide rise all boats !

Buy Bitcoin better lah Woh wow , it cross US35,000 today
Or ETH also crossed 1,100

You guys still primitive trying to cook up news to goreng stock ... hahaha

Market closed today
Amedia at 0.17
I hate to say this, damn I’m correct again. Lucky I sold my lots at .195
I suggest to trading buy again if it broke 0.15 and around but at 0.12 and 0.10 again average
Sell above 0.20, buy below 0.12

Those big block holders easily cost above 0.15 or higher

It seems the market mover no more $$$$ to push. No power. Too much resistant at the top.
His story nobody buying it...

Some online premature blog said EGM in the making, I doubt it will materialize, it’s clearly a smoke screen for goreng stock to create “demand”.

Well I have seen many players also go all the way serve EGM but never see it through, just for the sake of story to sell stocks . EGM anyone can serve with 10% shares.

Good luck people.

Buy when everyone use selling , sell when everyone is buying. Don’t get caught with the noise

Wow wow good news if it’s true...

My 2 cents of the matter raised by Alpha7;

The news article did not mention there is such claim possible by any of the companies in question. If I’m correct , it did said it’s due to securities frauds of bright packaging industry , another listed entity. So we should be buying bright packaging industry shares instead of asia media group

Logically he being the founder of asia media, I don’t think he will dispose of his shares if expecting such windfall.

I’m more hopeful windfall in bright packaging and I’m buying its share as we speak. I think it will goes up higher

Asia media closed at 0.195 , as I predicted correctly . It’s hard to go up any higher . But watch out for a quick jump and down like roller coaster ride . A typical trend of sharks creating the impression of “demand” before dumping their stocks ...

I will buy at trading play if it breaks 0.20 and stop sell at 0.24/26

Just sold 0.195
If tomorrow break 0.20, I will jump back in for trading gains.

Be aware that the uptrend is too fast too furious . It’s typical trend that goreng is in the making . Buyers beware , caveat emptor.

If it break 0.20, next stop is 0.24 / 0.26 but I will sell at 0.23 and get back in again 0.24

Go go go

Alpha7, it’s typical that a PN17 company will face at least one round of goreng or two before delisting .

It’s a trend where the PN17 first admission , the price will drop drop and drop until sharks collect enough and in collaboration with some major holders, the shark will push up the price with some “credible” story line such as borrowing the article from the edge which clearly has nothing to do with this counter. Then the sharks will unload their excess stocks and keep some for possible injection and regularisation play.

Well sell when everyone is buying, buy when everyone is selling. I will be selling this counter on this run up from 0.17 onwards. You will never catch the peak, neither you will catch the depth. Just sell on the way up and buy on the way down

Happy investing

May 2021 bring all the wealth to those invest smart

@Alpha7
This is typical way to con retail investors to suck up the stocks when the sharks are gorenging it.
They can think of any story under the sun just to hope investors to believe it.

Mark my words, asia media will be delisted soon. I don’t think the management is able to submit regularisation plan soon and Bursa will not approve it.

So existing shareholders are looking to exit. I heard Datuk Ricky Wong has sold his shares at high price to a group of suckers and this group of suckers is looking for another group of suckers going along.

I don’t think we as the general public will get con by your story ! Time will tell Alpha7 , I will be monitoring whether you are right or i am right

Happy new year

Datuk Ricky well done. His holding company sold 23mil shares during recent rally!! I'm sure this is his type of work ... beware and don't buy, it might crash anytime soon.

Yeah. Fully agreee. Cash RM37mil with zero debts ... buildings and land worth at least RM30mil too.

Today released the results... Very promising

Buy bright packaging better, they serving Phillip Morris and are geared to ride on BAT weaknesses

Datuk Ricky will serve MGO to take it private... Just watch

@vitac @pisangtegap when people make money they keep quiet, then lose money keep complaining ... it is always two way opportunity when a stop rise or drop..

coming coming.... up 5.5cent = 15%

market oversold... panic selling

Dato Wong is buying at cheap.....

his Asia Media the glory day of advertising is over, i believe he has made good money and now diversifying into Palm Oil Cultivation...recently he is raising another RM70mil for it and the company has zero debts with net cash of RM14mil

his Bright Packaging is for long term... tobacco manufacturing is here to stay. and it has cash over RM30mil and land worth more than RM20mil...

Yap YS is a bastard...

this company sucks... refuse to sell out to Datuk Ricky Wong, he offered RM0.26 at a General Offer last year and was told the owner of the company changed his mind at last minute.

owner is at his twilight years and thinking to bring it with him.. no FOREX to Hell money also crashed.

http://www.thesundaily.my/news/1530156

Went to EGM today, the shareholders have approved the Consolidation and Right Issues... BUY BUY BUY at 2 cent. it will fly after that.

2 cents consolidate 5 shares into 1, then become 10 cents. you will get free warrants and OR rights which worth few cents each already.

@kangcs, Did you attend the AGM? I saw the CEO Datuk Ricky, he speaks well on how the Group venture into Plantation sectors...

I think he made his money already that is why he didn't bother much on the advertising... It is a death on arrival model and Asia Media manage to pull it off in 5 years. a look at their share price at the peak it has a market capitalisation of RM300mil. I am sure he sold all the way down from the peak as he is always the first one to know the game plan.

We have no choice but to follow and trying to make a small gain.

He still control nearly 30% of the Group and I don't think he is cashing out at all. So he is smart to diversifying into something long term after making so much in the past..

@seeker, All in as in maximum i can take per counter...

and I don't expect losing actually. First it is not PN17 counter, and far from it. the price is cheaper than a PN17 counter pricing..

@Mat Cendana, exactly, at 3cents now, a half cent, represent a 15% gains, how much lower it can goes? zero cent?. likelihood of rising outweigh the chances or falling.

invest or gamble with skills, use some logical thinking. Company has 16mil cash, NTA at 11cent, major shareholder at 30% stake...

I am all in. even if lose, won't affect my portfolio as @kyjoon pointed out. Invest / gamble within your affordability.

We see at door steps of each casino. Play Responsibly

those who are screaming here is the the shareholders who bought overpriced.. the flip side is it provide the opportunity to new shareholders who come in to buy at a super bargain price at 3 cents and subscribe the rights at 2 cents... (10cents after consolidation 5 to 1)

some is crying; some is laughing...

welcome to KLSE, the legal gambling table .. skills will improve your chances of winning compared to casino

Look at the Plantation Land they are getting, 10,000 acre with RM1.25mil and development cost about RM5k per acre. total is RM50mil+, the valuation of any planted plantation land is RM30k-RM35k per acre. that gives a valuation of RM300mil to RM350mil versus the cost RM50mil today

Thats why Dato WSK is sapuing all the shares...

Imagine he can get the more lands ???

I think he is very smart, pity the minority... YOU CAN'T BEAT HIM, JOIN HIM. buy at 2.5cent

but Dato WSK is holding almost 30%, he has most to lose...

earlier when the price at 45, i said it will hit 60 in no time, it did hit 585sen in just two weeks....

now it is 49 and i say it willl recover to 55-60 mid term, and 65-70 longer term...

mark my words

sell on the weakness, buy on strength... you people sure lost pants lah...

confirm more than 60 cent

ESOS issued at RM0.62 for 15,000,000 shares already

mark my words, it will break 60....

go go go go

yeah, the earlier drop I think it's tactic to scare weak seller off before next wave coming

Thats why the share price moved to about 70 cent then retreat then back up to 67 cent, now again retreated ... i think it will move up again in days to come....

Exactly, fully agree with hng33

Interestingly Syed Ali also control Tema Maju Sdn Bhd which owned 32% of Redtone before selling out 20% to Johor Sultan and the final 10% to Berjaya Group at RM0.80.

We hope the same can be replicate in Bright

Bright Packaging seeks to double revenue for FY15

KUALA LUMPUR: Bright Packaging Industry Bhd ( Financial Dashboard), which attracted some attention when it was embroiled in a boardroom tussle in 2013, is eyeing to double its revenue for the current financial year ending Aug 31, 2015 (FY15), driven by a bigger market share and its venture into the Russian market.

Based on its revenue for FY14 of RM34.15 million, Bright Packaging (fundamental: 1.3; valuation: 0.9) sees a potential rise in its revenue to generate a record RM68 million in FY15, surpassing its previous high of RM65.46 million in 1997.

The aluminium packaging supplier’s chairman Datuk Seri Syed Ali Abbas Alhabshee said the improved top line figure will also translate into better net profit growth for the year.

The rosy forecast is despite the fact that Bright Packaging reported a 76% drop in net profit to RM1.65 million in FY14, from RM6.91 million the previous year, while revenue fell 35% to RM34.15 million from RM52.22 million.

“We continue to increase our market share and seek clients from other tobacco customers such as British American Tobacco and Japan Tobacco International ( Financial Dashboard),” he told The Edge Financial Daily.

Currently, Bright Packaging derives most of its revenue from its customers in Asia-Pacific and Philip Morris and its affiliates.

On Jan 16, 2015, the company secured a contract worth US$15 million (RM55 million) with ZAO Philip Morris Izhora, a Russia-based affiliate of Philip Morris. The Russian tobacco manufacturer currently operates Philip Morris’ second-largest production facility in the world.

The contract marks Bright Packaging’s first foray into the Russian market, in which it sees great potential. It was also the single largest contract signed by the company.

“This is a fairly significant contract and represents a vote of confidence in the quality of Bright Packaging’s products and Philip Morris’ commitment to our service,” said Syed Ali.

The contract entails the supply of aluminium foil to ZAO Philip Morris Izhora for a period of two years until Dec 31, 2016.

Following the contract with the Russian tobacco manufacturer, the company aims to further expand its footprint in the Russian market.

“Russia represents one of the largest markets globally for us and we hope to make further inroads into the market. We will also explore other local Russian tobacco manufacturers once we have a better foothold following the orders from ZAO Philip Morris Izhora,” said Syed Ali.

According to its FY14 annual report, Bright Packaging’s export sales make up a major part of its revenue, accounting for 97% of its revenue. Its top markets include the Philippines, which accounts for 35% of its revenue, followed by Indonesia (31%) and Australia (12%).

Due to its significant exposure to the export market, Bright Packaging expects the strengthening of the US dollar against the ringgit to increase its profitability in the mid to long term.

However, in the short term, the company said the impact will be neutral, as it is also importing equipment to upgrade and replace its current ageing equipment for the installation of new production lines.

To recap, Bright Packaging was embroiled in a high-profile boardroom tussle in 2013, which concluded with the removal of four of its six directors at the time, by a requisition party led by Syed Ali, in an effort to restructure the company.

Syed Ali, Ang Lay Chieng, Tee Wee Keat and Lye Jun Fei were elected to the board by a majority vote of 59.93%, replacing then-executive directors Wong See Yaw, Wong Siew Yoong, Yeap Cheng Chuan and Yap Kok Eng.

For the first quarter ended Nov 30, 2014 (1QFY15), the company’s net profit declined 21% to RM2.14 million from RM2.71 million in 1QFY14, while revenue climbed 29% to RM11.09 million from RM8.59 million.

Asked if the company will be considering any mergers or acquisitions going forward, Syed Ali said Bright Packaging did not rule out any opportunities.

“We have an optimum capital structure at the moment. Should an opportunity present itself, we would prefer to acquire using cash as we rarely find quality businesses on par with Bright Packaging,” he said, adding that the company aims to maintain its low debt level.

Year-to-date, Bright Packaging’s share price has appreciated 3.3%, outperforming the FBM KLCI’s gain of 2.96%.

The counter closed 1.05% lower at 47 sen last Friday, translating into a market capitalisation of RM74.18 million.

This article first appeared in The Edge Financial Daily, on March 30, 2015.

http://www.theedgemarkets.com/my/article/bright-packaging-seeks-double-revenue-fy15

AI Trading provide liquidity for people, unless one is in for a quick gain, other than that it is good investment.

Company NTA 73cents, market price at 60 now is a bargain

Highest is 67 today, NTA at 73cents. Wong SK Holdings will privatise at 70 cents

Yes Steve

Yeah was told in their AGM that they are having orders from BAT albeit at a slower rates than anticipated . Let's watch for a moment

Dumb ass... Buy on weakness sell on the high

I don't think the signatory is forged as Ang was the only ED during the period bad one of the party in taking over the Company. Don't be surprised that she is actually black mailing the Company for money or just another trick among themselves to make money.

Interesting to note that Ang Lay Cheing was part of the new management, probably she was being used by the management and being dump after that. Another scenario is she probably is still with the management create a fuss for the next wave? nevertheless, stay tuned

i still believe the insiders are trying to suppress the price to collect enough or the next wave.... watch it.please take note the company has in excess of RM30mil in cash... may not be much compared to China Stationery Ltd.

I still believe the Tobacco Industry will be forever green for smokers like us. The company has invested 2 new productions lines way before the right issues and part of the productions lines were financed by internal funds.

I bet the orders shall be pilling in some from their multinationals tobacco clients

Insider is Halley Sicav ASEAN prosperity fund who has been selling the shares....