Thank hng for the news

Listing twice on KLSE and every time makes Malaysia investors lose like heck ！！
very clever Koreans

Are Family Mart directors muslim? Like Karim of K power/ Serbak D?

sorry to say, it is not likely OLH will adopt any dividend policy

1Q23
The Group reported operating loss in current quarter as compared to operating profit a year earlier. Loss before tax of the Group was RM2.05 million, versus profit of RM9.66 million recorded in the prior year period while loss after tax of the Group was RM1.22 million, compared to profit of RM7.40 million in the prior year period.

Prospects for the remaining period of current financial year
RVIA reports wholesale shipments remain low compared to 2022, though the volume is starting to rebound. Production of RV was at record high levels in the beginning of the year 2022, so volume feel even lower than what they are in relation to historical trend. However, our US customers have started placing orders although the order volume is still low as compared to a year earlier. Price of plywood had declined much compared to its peak in previous year but it seems that bottom had been found in the first quarter of the year 2023.

worsen ... revenue shrunk, lost more .....

Price pressed down for PP issuance?

M & A Securities financial results for the past 5 years,
FYE 30 June 2018(RM’000)
FYE 30 June 2019
FYE 30 June 2020
FYE 30 June 2021
FYE 30 June 2022

Revenue
32,162
26,314
36,978
68,906
48,541

PBT
10,042
8,818
12,814
24,825
22.809

PAT
7,231
6,618
9,217
18,813
17,917

Entitlement subject Important Relevant Dates for Renounceable Rights
Description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Despatch Date 01 Jun 2023
Date for commencement of trading of rights 31 May 2023
Date for cessation of trading of rights 08 Jun 2023
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 22 Jun 2023

Last date and time for :
Sale of provisional allotment of rights 07 Jun 2023 05:00 PM
Transfer of provisional allotment of rights 09 Jun 2023 04:30 PM
Acceptance and Payment 15 Jun 2023 05:00 PM
Excess share application and payment 15 Jun 2023 05:00 PM
Available/Listing Date 30 Jun 2023

A total of 284,436,506 x 0.22 = 62.57 m will be raised from the RI.

On behalf of the Board, Malacca Securities wishes to announce that the Company had on 12 May 2023 entered into an underwriting agreement with Malacca Securities in relation to the Rights Issue whereby Malacca Securities will underwrite 259,428,906 Rights Shares representing 91.21% of the Rights Shares to be issued on a full subscription basis.

Entitlement subject Rights Issue
Type Renounceable
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Ex-Date 29 May 2023
Entitlement date 30 May 2023
Entitlement time 5:00 PM

Particulars of substantial Securities Holder
Name DATO' SRI THONG KOK KHEE
No Date of change No of securities Type of Transaction Nature of Interest
1 10 May 2023 1,009,090,909 Others Indirect Interest
Being ordinary shares issued and allotted by SYF Resources Berhad to Insas Berhad as consideration for the disposal of the entire Ordinary Shares and Redeemable Convertible Preference Shares in M & A Securities Sdn Bhd by Insas Berhad to SYF Resources Berhad

Indirect/deemed interest (units) 1,059,106,109
Indirect/deemed interest (%) 67.119 %

SYF RESOURCES BERHAD

Capital repayment exercise pursuant to Section 116 of the Companies Act, 2016 by way of cash distribution of RM0.11 per SYF Share upon completion of the Disposal of Freehold Land

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Repayment” as from: 23 May 2023
2) The last date of lodgment : 24 May 2023
3) Date Payable : 07 Jun 2023

On behalf of the Board, Malacca Securities wishes to announce that the disposal of two (2) parcels of freehold land under GM 403, Lot 1461, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor and GM 1128, Lot 1464, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor held by Nikmat Sekitar and Nuri Meriah respectively, both indirect wholly-owned subsidiaries of SYF to Juta for a total disposal consideration of RM21.20 million has been completed on 9 May 2023.

This announcement is dated 9 May 2023.
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Going to announce another 11sen div /cap repayment soon ......

From the market reaction to the huge loss, can see that how powerful the manipulators are ...... I guess the foreign funds /IBs

Definitely not good news for plantation stocks

Revenue / Earning retraces substantially ......

The Group recorded revenue and net profit from continuing operations of RM354.047 million and RM9.898 million respectively for the current quarter ended 31 March 2023, representing a reduction of 16.6% and 80.7% respectively as compared to the revenue and net profit of RM424.445 million and RM51.180 million achieved in the same quarter a year ago. The decrease in revenue and net profit was primarily attributable to lower sales volume in line with softer market conditions.

Fair value loss of RM8.0 million was recognised post acquisition of Queensbay Mall as the capitalised investment property and incidental costs exceeded the independent external valuation of RM1 billion. The fair value loss represents the write-off on a portion of incidental costs incurred.

Finance costs for 1Q 2023 of RM14.0 million was higher than 1Q 2022 as the Group’s borrowings have increased by RM763.3 million to part finance the acquisition of Queensbay Mall. Additionally, floating rate borrowings were subjected to higher interest costs after several Overnight Policy Rate hikes totalling 100 basis points over the past one year. The average cost of debt was 3.58% p.a. for this quarter against 1Q 2022’s 3.06% p.a.

Overall, distributable income to Unitholders for 1Q 2023 was RM19.8 million, a slight decline of RM0.6 million or 3.1% compared to 1Q 2022 due to the abovementioned factors.

Many are losing now ..... some are still rational, but some are in emotional, if they are not over react, people will not tease them.....

u lose a lot? until can't take objective narration?

only 11sen, very disappointed

Seaports& Logistics - Global Trade Hit by Slowdown and Regulations

We maintain our NEUTRAL call on the sector. Amid the global economic uncertainty, the World Trade Organisation (WTO) projects the global merchandise trade volume to only inch up by 1% in CY23, down sharply from a 3.5% expansion in CY22. This does not augur well for seaport operators like WPRTS (MP; TP: RM3.65). Additionally, stricter regulations on carbon emissions may pose new challenges to global trade. However, we see a bright spot in the domestic logistics sector as: (i) it is driven internally and less directly exposed to external headwinds, and (ii) it is a beneficiary of the booming e-commerce. Our sector top picks are BIPORT (OP; TP: RM6.00) and SWIFT (OP; TP: RM1.00).
。
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SWIFT for: (i) its leading position in the Malaysian haulage business commanding close to 10% market share, (ii) its value-adding integrated offerings resulting in a superb pre-tax profit margin of 10% compared to industry average of 4%, and (iii) the tremendous growth potential of its warehousing business, riding on the booming domestic e-commerce.
Source: Kenanga Research - 10 Apr 2023

Next support level ?

The Group’s revenue of RM39.8 million for Q2FY2023 and RM78.7 million for the 1HFY2023 decreased by 42.2% and 38.2% respectively compared with the corresponding period last financial year. The decrease in revenue of Q2FY2023 was mainly attributed to the decrease in the volume sold. The revenue of the previous corresponding periods (September 2021 to February 2022) were exceptionally high as the Group enjoyed a spike in top line production after temporarily stop work which started from 1 June 2021 until mid of Sept 2021 during Movement Control Order 3.0 (“MCO 3.0”).

The Group’s PBT of RM6.869 million for Q2FY2023 and RM15.277 million for the 1HFY2023 decreased by 50.4% and 38.4% respectively compared with the corresponding period last financial year. This was mainly attributed to the decrease of revenue as a result of decrease in volume sold.

We maintain our OVERWEIGHT call with our focus still on the retailers. Despite sustained high inflation, we expect consumer spending to stay resilient in the absence of any immediate plan by the government to rationalise subsidies or reintroduce the GST, while the B40 group continues to benefit from various financial assistance programmes especially direct cash handouts. Also helping, are a relatively stable economy and a healthy job market, coupled with a strong household balance sheet of the M40 group. Our sector top picks are AEON (OP; TP: RM1.80), PADINI (OP; TP: RM6.00) and QL (OP: TP: RM6.66)

Source: Kenanga Research - 6 Apr 2023

The only drawback is, interest hike will erode profit

。
。
Bursa Securities, vide its letter dated 3 April 2023, granted the Company an extension of time to comply with the public shareholding spread requirement for a further six (6) months from 2 March 2023 until the expiration of the extension on 2 September 2023.

This announcement is dated 4 April 2023.

Doesn't this reasonable after sharp rise? :-)

SYF sold all its existing business and return part of the proceeds to shareholders,
let Insas injects M&A securities to replace, so called, reversed take over.

Capital repayment by way of cash distribution of RM0.07 per SYF Share upon completion of the Disposal of Furniture Business
Ex-Date 03 Apr 2023
Entitlement date 04 Apr 2023

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Finally is going to pay 0.07, another 0.11 on the way ...... :-)

Today movement is puzzled

On behalf of the Board, Malacca Securities wishes to announce that the disposal of 20,000,000 ordinary shares in Seng Yip Furniture, representing 100% equity interest in Seng Yip Furniture by SYF to Mieco for a total disposal consideration of RM50.0 million has been completed on 14 March 2023.

This announcement is dated 14 March 2023.

16. Prospects
The Group’s business operations environment remains challenging and volatile. Although the prices of raw materials and shipping costs remain relatively high but slowly trending downward, the foreign exchange rate of the United States Dollar versus Ringgit Malaysia reversed to trending upwards.

The increase in electricity and gas tariffs since 1 January 2023 has become major cost component in the current financial quarter and beyond. Coupled with higher cost of borrowing, the Group has incurred higher loss in the current quarter. While the demand for tissue paper and personal care products remain stable in the shorter term, competition is intensive in our export market. The Board will continue to be resilient in the changing business environment, control production costs and seize new customers to efficiently utilise its installed production capacity.

Barring unforeseen circumstances, it aims to achieve operationally about break-even in the coming quarter.

Q323 Q322 9M23 9M22
Interest expense, 4,341 ; 1,774 ; 9,890 ; 5,311
Foreign exchange (gain)/ loss (1,300) ; (296); 6,290; (6,413)

Group revenue for Q3FY2023 was RM215.7 million, an increase of 3.0% as compared to RM209.5 million for Q3FY2022. The increase was due to the increase in sales of tissue paper products.

The Group recorded a loss before tax of RM6.2 million for Q3FY2023, a decrease of 158.8% over a profit of RM10.5 million registered in Q3FY2022. Higher costs for raw materials, distribution, operating utilities such as electricity and gas and the weakening of Ringgit Malaysia against US Dollars had a negative impact on the margin. Besides, higher interest expenses and administrative expenses have further widened the gap in the quarter-to-quarter financial performance.

Like to be in bondage ..... finally sinks faster than it master US, let;s see hoe this develops .....

Hope it is not confined to Crypto firm Circle but also other fields .......

The US gov /Fed has been irresponsibly provide their people over enjoy for too long, and this is the time to pay back for their craziness ......

Although gave higher valuation to the asset, all looking good .... but the only thing that material to shareholders is, stripped 21 sen from them.

The 21 sen keep within the co. is good? who knows?

On behalf of the Board, Malacca Securities wishes to announce that all conditions precedent to the SSA, SPAs and SSPA have been fulfilled. Accordingly, the SSA, SPAs and SSPA have become unconditional as at the date of this Announcement.

This announcement is dated 10 March 2023.

Variations to original proposal, among others, Proposed special dividend cum capital repayment of RM1.1098 reduced to RM0.90 per share.

WA expires on 09Nov this year end, if they keep the price above 1.50 (at least at that time), there would be conversion that could bring in >80m ..... otherwise WA would be ended as waste paper and they get nothing ;D

No doubt, this ctr now is the subject of manipulation .... just like JAKS five years ago :D

On behalf of the Board of Directors of icapital.biz Berhad, we wish to announce that the Net Asset Value per share of icapital.biz Berhad as at 1 March 2023 is 3.41.
~~~~~~~~~~~~~~~~
Let's see next week how much the Boustead adds

The ICPS may be converted into new Bioalpha Shares based on the following conversion modes:
(1) Cashless Conversion by surrendering 11 ICPS for conversion into 1 new Bioalpha Share; or
(2) Cash Conversion by surrendering 1 ICPS and cash payment of RM0.20 for conversion into 1 new Bioalpha Share.

Premised on the terms of the ICPS, the ICPS can be converted into new Bioalpha Shares at any time within 5 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and conversion price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Bioalpha Shares at the conversion ratio of 11 ICPS for 1 new Bioalpha Share.

If the conversion results in a fractional entitlement to Bioalpha Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

This announcement is dated 27 May 2021.

We refer to the Company’s Announcements and Circular in relation to the Proposals.

On behalf of the Board, Malacca Securities wishes to announce that the Company and Mieco had vide letters dated 31 January 2023 mutually agreed to further extend the 3rd Extended Conditional Period of SSA for an additional three (3) months from 5 February 2023 until 5 May 2023 to fulfil the Conditions Precedent pursuant to the SSA (“4th Extended Conditional Period of SSA”).

Save for the above, all other terms and conditions of the SSA and the Addendum and all other instruments and agreements executed, delivered or entered into thereunder or pursuant thereto remain unchanged.


This announcement is dated 31 January 2023.

2022;
EPS | P/E |
12.68 Cent | 18.93 |

7. PROFIT/(LOSS) BEFORE TAX AND ZAKAT
Q4 2022 Q4 2021
-Financial liabilities* (457,812) 79,813
*The impact of the reduction of Utilisation Fees amounting to EUR116.7 million, equivalent to RM546.2million granted by the Presidency of Defence Industries of Türkiye (SSB) on 28 December 2022 for Force Majeure event in 2020 and 2021 (COVID-19 period) has reduced the future liabilities on concession payment to be paid by Istanbul Sabiha Gokcen Uluslararasi Havalimani Yatirim Yapim ve Isletme A.S. (ISG).
Accordingly, the utilisation fee liability was re-assessed which has resulted in decrease in the finance cost by EUR115.0 million, equivalent to RM535.9 million.

Profit from operation drops to 50.06m from 78,85m.
Financial cost rises to (19.60m) from (8.73m)
Tax expense reduced to (10,30m) from (20,13m)

B2. Comment on material change in profit before tax
The Group made a profit before tax for the quarter 31 December 2022 of RM30.6 million as compared with the profit before tax of RM70.2 million in the preceding year corresponding quarter ended 31 December 2021. This is mainly due to reduced margin and higher finance cost due to higher interest rate during current quarter ended 31
December 2022.