those waiting to buy the mother will be so happy. god sent gift for the new year.

yes, no reason to fall. fantastic result and high div coming next mth.
chance to buy cheap. no worry as long as buy mother share not the derivatives.

announced today that Malaysia imposes anti-dumping duties on flat-rolled steel fr China, S Korea and Vietnam. Positive news for Perstima?

Hope so. Great buying opportunity for a high div and safe stock. Monopoly and minting money every trading day.

Must be a real desperado

To be fair, they sold it at the perfect time for a good price.

fantastic 4th qtr results and big div coming next mth. may even have special div as govt need money and Bursa making a lot of cash everyday with high vol. monopoly business and majority owned by govt.

Great latest qtr result. will be getting better going fwd. well managed and prudent. likely to get the usual 20 sen per financial year in 2021

Fantastic latest qtr results. Finally returning to the black after years of deep investments overseas. Time for share price to start moving. May start paying div again soon.

yes, for all carton box counters. some analyst must have written buy recommendation. next to boom after gloves in a pandemic. explosion in online orders.

wow, suddenly shot up past few days on increased vol. uncle KYY buying? certainly checked all his boxes.

What I meant was it rarely went below RM3.56 before the rights and bonus which is equivalent to RM3.20 after ex. Quite low risk for a high dividend and profitable stock.

forgot to add, even if you don't have any mother share to sell for arbitrage, just buying the OR on itself is worth it and low risk. At the current OR price of RM1.56 and go through the rights issue, your mother share cost is only RM3.04 compared to the mother currently at RM3.23.

Of course the mother share can go down before the rights are listed but you already have a 20 sen hedge. And if you are familiar with their price trend, they have rarely gone down below RM3.20.

Go figure and buy. Today is the last day of OR listing.

Could be a few reasons:

1. don't know how to count the OR value compare to the mother share. Much cheaper to buy the OR and sell the mother share. classic arbitrage opportunity.

2. no money to take up the rights at RM3.00. therefore take back some money by selling the OR

3. no time or hassle to handle the paperwork to subscribe.

4. inconvenience due to the MCO

wow, another good qtr in the middle of the pandemic. imagine during normal times. becoming recession proof just like gloves, food related and carton box packaging. will sure fly when they start paying their usual 30 sen dividend per financial year again. currently conserving cash due to high capex for new manufacturing plant in Philippines.

They should change their name to Versalite or Shoji to reflect their Japanese management and parent company. Better branding also. This is basically a Japanese company but not reflected in the name. The Perstima name had some bad reputation before. Totally different company now.

their impending rights with bonus issue will be attractively priced. great opportunity to add more. all approved. ex date will be coming out soon.

really like the way they articulate the commentary on their prospects. come across as informative, sincere and transparent in wanting to keep fellow shareholders informed.

and wow, a profitable qtr and another 6 sen dividend declared in arguably the worst period of the pandemic. together with the 4 sen interim paid on 15/7/20, gives a yield of 4.36% at current price of RM2.28. better than any current FD rates of around 2.25% for 1 year tenure.

great long term investment and dividend stock. they usually pay 20 sen dividend per financial year during normal times.

wow, latest 1st qtr result surprisingly good for arguably the worst period of the pandemic. imagine their results if times are good or even normal. prudent and well managed company.

why so volatile today, low of RM1.68, high of RM2.02 as of noon. fundamental stock turning into goreng stock?

yes, high dividend too when times are good. well managed with healthy balance sheet and zero gearing. good corporate governance unlike many listed companies who rip off minority shareholders.

next theme play after gloves and pharma. need plenty of boxes to pack the gloves and vaccine, not to mention million of boxes needed for the boom in online business.

switch to competitor Boxpak. undervalue and near all time low. back in the black after years of investment in new location, plant and machinery.

looking at their financial results, their scale of business (turnover/revenue) is 3 times that of PPHB and Master and 2 times that of Orna.

when their return to profitability gathers steam, it's going to be exponential. by that time will be too expensive already.

only problem is not many sellers everyday due to small cap and most are losing money at current level after their rights issue of 1 for 1 at RM1.89 in Feb 2017.

IPO was in Dec 2013 via only distribution to IOI shareholders at RM1.76.

Thereafter there was a rights issue of 1 for 6 at RM1.90 in Jan 2015.

Again there was another rights issue of 1 for 4 at RM1.38 in Feb 2017.

Looks cheap now compared to the above and book value (NTA). but be prepared to hold and average down.

May be taken private again, aka ripping off minority shareholders at cheap price

great, the lower the better for serious, value and long term investors. screaming buy and god sent. where can you find a banking stock with these kind of fundamentals and ownership selling at this price?

how much is the contract worth? why a major announcement like this does not contain the most important info?

be careful of being caught for insider trading. don't buy too near to the material announcement. unless you have been buying for the past few months, you are safe. if you buy few days before, you are may be caught. Bursa and SC are watching.

problem is alot of investors are not aware Johortin has exactly the same business as Canone, although on a slightly scale. they should change their listed name to better reflect the contribution of their dairy milk business.

tin is only a small part of their revenue and profit. confusing for a name like Johortin to be listed under the consumer product sector.

in time, its price will rise to reflect its fundamentals. just like in Canone's case, not many realise their value for a long time. even uncle KYY sold off Canone much earlier.

Sheldon, like I said, maybe they are being pushed to a corner. Damn if you do, damn if you don't. Maybe age is catching up, too tired to fight anymore. But maybe not....

Smart market players like them must have a plan B. It's in their blood. One workaround is to buy into Canone since it is listed and if it's undervalued.

Too illiquid, tightly held and no scrip? Wait till they proposed a massive rights issue to pay off debts. Will be plenty of sellers then.

Canone cannot run away from a capital raising exercise because their capital base is too small to support their operations. After the KJoo takeover, they are now in the billion ringgit turnover category.

KJoo subsidiary Boxpak is next to be taken over since more than 90% of the shares are held by the top 30 shareholders and little or no trading everyday. Makes sense to delist since it's way below book value, consolidate the whole operations and move away from all the compliance issues.

Latest announcement from Canone says they already have more than 80% of KJoo. Now they can and will proceed for delisting, no need to reach 90%. Other dissenting shareholders on hearing this will most likely sell their shares to them because no use holding on to shares which are not listed. The 90% threshold if reached is to allow Canone to compulsory acquire all KJoo shares.

I am very surprised the See family and EPF were not able to stop this rip off exercise. Maybe they are caught between a rock and a hard place. If KJoo remain listed, it will just drift aimlessly as Canone being the people running the show will not declare dividends or report high profits to benefit the See family.

However, I suspect the See family has been buying into Canone so that they can indirectly own back KJoo. This is why the price of Canone has been surging recently. Like they say, if you cannot beat them, join them.

yes, not to worry. they will be glad to get as many shares as possible at the rip off price of RM3.10 in order to reach 90% stake when they will invoke the compulsory acquisition right.

the worrisome thing is if they get less than 75%, the See family is still a shareholder and they are not going to increase the offer price. then everything will come to standstill. KJ will remain listed and drift aimlessly, profit will continued to be artificially surpressed and little or no dividend will be declared as they don't want to benefit the See family.

unlikely Canone will increase the offer as it will be financially burdensome and also because they are hardball, stubborn and quarrelsome people.

most likely will say the usual: not fair but reasonable. what use is such advice to shareholders? for UOB, I guess it's just cari makan. after all, they are paid by Canone to help make it a success.

totally agree it's grossly undervalued. unlikely the See family and EPF will sell. wonder what will happen if they get more than 50% but less than 75% of the KJ shares? the listing will still continue?

yes, I will be very surprised if Canone shareholders approve it as it will blow up their borrowings. unless Canone has some hidden plans for it in the future and sees it as undervalued at RM3.10 as opposed to the RM3.30 that EPF tried to buy 5 years ago.

if approved, Canone will definitely have to undergo a rights issue to pare down borrowings. that will be bad considering how the market dislike rights issue at the moment. unless it comes with many sweeteners such as bonus, warrants and their coming quarterly results improved a lot.

as for KJoo, if the MGO is rejected, its share price will plunge.

not sure when the EGM but should be before Apr this year. my view is Canone shareholders are likely to reject it as there is no good reason for the MGO. it won't add to its earnings and Canone is already the tai kor in KJoo anyway, running the operations and the controlling shareholder.

therefore no question of it raising the offer price ala SPB. SPB is different because it is grossly undervalued and most assets are in Damansara Heights.

better buy Canone than this. same business but better earnings and fundamentals. and they are likely to abort the proposed KJoo MGO as their shareholders are not likely to approve it. already they are controlling shareholders and running the board/show in KJoo. why need the MGO?

pls be aware that this need Canone shareholders' approval at an EGM later. if they reject it, the whole MGO thing will be aborted and KJoo will go back to sleep at around RM2.00.

actually it was 5 years ago that EPF tried to buy KJ at RM3.30 and people were screaming it undervalued the company.

there is merit to this deal even at RM3.10 but the way Canone went about it is in bad taste. they tried to hide it and not make a MGO but somebody whistleblow to SC and they got fined and forced to do the MGO.

they did not want to do it because they already have controlling interest and running the show in KJ. why spend so much money?

I have a feeling if this deal is not aborted or failed, the acceptance will not be high as the See family and EPF will not accept it.

the major positive to this deal is not the earnings of KJ but their large portfolio of undervalued properties and another listed company Boxpak.

same business like CANONE but making losses while CANONE making lots of profits? mismanagement and poor corporate governance.

KYY, buy back your CANONE lor. what's not to like abt CANONE? price now is lower than what you sold previously, grossly undervalued with increasing quarterly pft, low p/e and high NTA, owns 2 other listed company (kian Joo and Boxpak) with controlling interest and bought cheaply and now effectively a f & b company in the category of Nestle and Dutch Lady with much lower p/e. their turnover and profits are now driven more by their f&b division, no more the can business.

what's not to like abt CANONE? price now is lower than what you sold previously, grossly undervalued with increasing quarterly pft, owns 2 other listed company (kian Joo and Boxpak) with controlling interest and bought cheaply and now effectively a f and b company in the category of Nestle and Dutch Lady