https://www.theedgemarkets.com/article/johor-corp-privatise-damansara-holdings-selective-capital-repayment-exercise

Price up by almost 10% now

UEM sunrise now up by 20% and top 3 active counter. Any news? Or just the privatization rumour?

UEM Sunrise in top 5 active counter now. Price going up after privatization rumour? How much?

Probably margin call

Uem Sunrise just completed RM295m Sukuk issuance. So, there is no issue on liquidity in company cash flow. There is also RM930mil cash reserve in last quarterly report
https://www.malaymail.com/amp/news/money/2022/09/19/uem-sunrise-completes-issuances-of-rm295m-sukuk-under-islamic-medium-term-notes-programme/29038

Major shareholder is Khazanah at 70%. And EPF and Urusharta Jamaah also have around 6%. Biggest losers are them now.

No idea privatization price. But definitely not at 20sen. NTA is RM1.33. RNAV is RM2.50.

Just wait after GE. Then privatization if still at this price

Very good result ….congrats all who bought below 30sen https://www.thestar.com.my/business/business-news/2022/08/24/uem-sunrise-returns-to-the-black-with-rm207mil-in-net-profit-for-q2

Welcome back HSR to Singapore

https://www.theedgemarkets.com/article/malaysia-hopes-speed-revival-klsingapore-hsr-project-says-pm

UEM Sunrise Bhd’s indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd (seller) plans to divest its entire equity interest of 80.4 per cent held in Roc-Union Proprietary Ltd and claims at a total consideration of 142.6 million rand
https://www.malaymail.com/amp/news/money/2022/08/19/uem-sunrises-indirect-unit-divests-roc-union-stake-exits-south-african-market/23665

Yes, time to buy cheap. Sold last month at 34sen. Bought back yesterday at 29.5sen. Easy profit

However, the research firm said the development could be particularly positive for SP Setia Bhdand UEM Sunrise Bhd as the sales of these two developers were the most impacted following the end of the Home Ownership Campaign, going by their 1Q22 results.
https://www.thestar.com.my/business/business-news/2022/07/18/minimal-impact-from-stamp-duty-discount-say-analysts

Amy, I am also queueing to buy at 33sen. But unable. I also queueing to buy UEM Sunrise at 29.5sen. Also waiting ….

Those wo think this counter is bad should sell out now. I am waiting at 29.5sen

I have queue 1200 lots since yesterday for 29.5sen and this morning. Cannot even buy any. Probably will buy at 30sen if price cannot drop at the end of the day.

Patience all ..wait for it at 40sen

Wait for 40sen. This counter will surely go below 50sen next week.

This counter will rebound. Today 31.5sen. Oversold position.

can also consider some other cheaper UMNO counters like UEM Sunrise …only 31sen now.

UEM Sunrise Bhd could benefit from the MRT3 project as it has large commercial properties in the Dutamas-Mont Kiara area, where there will be at least two stations.

According to UEM Sunrise, its developments — including Allevia Mont Kiara, Arcoris Mont Kiara and Hyatt House Kuala Lumpur — are located within walking distance of the proposed Mont Kiara station.

In addition to these, the group’s Solaris Parq and Publika Shopping Gallery will be near the Dutamas station.

“The proposed MRT3 line will be beneficial to us as it will add value and attractiveness to some of our developments near its stations, not only potentially increasing their appreciation in value but also providing alternative modes of transportation and ease of mobility for residents and the communities,” says UEM Sunrise in an email to The Edge.

https://www.theedgemarkets.com/article/cover-story-key-beneficiaries-mrt3

UEM Sunrise Bhd could benefit from the MRT3 project as it has large commercial properties in the Dutamas-Mont Kiara area, where there will be at least two stations.

According to UEM Sunrise, its developments — including Allevia Mont Kiara, Arcoris Mont Kiara and Hyatt House Kuala Lumpur — are located within walking distance of the proposed Mont Kiara station.

In addition to these, the group’s Solaris Parq and Publika Shopping Gallery will be near the Dutamas station.

“The proposed MRT3 line will be beneficial to us as it will add value and attractiveness to some of our developments near its stations, not only potentially increasing their appreciation in value but also providing alternative modes of transportation and ease of mobility for residents and the communities,” says UEM Sunrise in an email to The Edge.

https://www.theedgemarkets.com/article/cover-story-key-beneficiaries-mrt3

Uem Sunrise got a lot of undervalued land. Just need time to unlock the value. RNAV was above RM2.50 around 4 years ago.

MRCB launches Ipoh Raya Integrated Park
- Company’s 336.85ha development marks its first foray into industrial, logistics market

https://www.thevibes.com/articles/business/62894/mrcb-launches-ipoh-raya-integrated-park

Prudent, I think this ElwinPg trying to ask people sell so that he can buy.

PrudentInvestor, let’s hope the privatization can be delayed until after General Election. If MRCB can go up 80sen from GE rally, then the privatization need to offer a price higher than that for takeover. Hopefully, RM1 or above .

Today’s headline in the Edge news
“Potential restructuring of MRCB in the pipeline”
https://www.theedgemarkets.com/article/potential-restructuring-mrcb-pipeline

There are still many undervalued assets, especially land in MRCB. If assets revalued including KL Sentral land, easily will make NTA near RM2.

MRCB should not be taken private. They should share the profit of MRT3 project with all the minority shareholders. I won’t accept even if they offer 60sen takeover price. Must give at least RM1

I think they are now starting to mop up the shares from the market. That is why volume and price going up. If many people sell them below 50sen, then probably they will just offer 60sen for balance.
If less people sell them below 50sen, then they will need to increase offer price above 60sen. Just my guess

Most people will sell before final price for privatization. The people who want takeover will collect cheaply first before announcement of takeover offer. Many will sell now even below 40sen. When they offer 60sen, most small players already sold out in the market.

You can see someone is collecting big in last few days. That’s why high volume and price going up.

Stock price for MRCB now at 40 sen. Jump almost 3 sen after the privatization news and AGM. How?

“Typically, a shareholders’ agreement is a good tool to protect minority shareholders where certain provisions can be inserted to protect them besides the legal protection afforded to them by any corporate law,” he said.

His comments come in light of market talk about the Employees Provident Fund (EPF) wishing to increase its stake in Malaysian Resources Corp Bhd (MRCB).
https://www.thevibes.com/articles/business/62235/company-restructuring-major-shareholders-must-be-transparent

HLG and RHB increase price target to 44sen and 46sen. Previously only 36sen

Anyway, I already bought some MRCB today at 36.5sen.

I will to buy some today.

Last year, I still remember E&O denied takeover or privatization. Share was 38sen. Few months later, share price slowly goes up to 50sen. Then announce takeover offer at 60sen.
Don’t fall for the trap again to sell cheaply at market price. Someone is collecting and denying privatization. Careful all.

See latest announcement in Bursa on MRCB reply on the privatization plan.

I think I better sell my remaining stock in SP SETIA ….agree that it is likely to drop below 70sen soon.

Better to sell now when uncertain. Lowest was 67sen during MCO.

Lowest was 67sen when Covid break out ….I think going to head below 70sen soon. I am stuck with some shares of SP SETIA

78sen .:::something wrong . Better be careful and exit now

will this be another Serba Dinamik?

What happen? Will there be another 30% limit down in this afternoon?

MRCB 43 sen target by HLIB (increase from 38sen)
https://www.theedgemarkets.com/article/mrcb-see-stronger-earnings-through-lrt-3-consolidation-says-hlib

I am queuing to buy at 40sen. But still cannot get from this morning. Regret didn’t buy last week

Last year, was 45sen before ex-dividend date. Not sure this year what will happen