YXPM IPO PRICE IS 28SEN ! NOW ONLY 21SEN. AT LEAST CAN UP TO IPO PRICE 28SEN !!!

Some of my friends bought Fintec, Inix, Mtronic, Vsolar at high price. I told them to sell, they dun want. Now loss alots. Some loss few thousand, 2-3 ppls loss almost rm500k.

The risk is Margin Call. Banker will start sell anytime soon.

Dun regret if u don't sell now. Tawin just worth 1sen !!

Director using margin to hold their shares. When share price dropping, they face margin call or force sell.

Waiting buy back at 50sen.

Shit. Cut loss at 92sen. Loss RM50k.

TAWIN guarantee dip to 3sen

Only clever ppls will buy Tawin. hehe

Tawin just worth 1sen. Price will drop to 3-5sen very soon.

major shareholder pledge their share to bank. now price break below the bank force sell price. bank start to sell the share in market.

Tawin major shareholder kena force sell by bank.

Edaran can break rm1.00 this morning or not.

Dun forget Edaran. Another THETA is making.

Yea, Edaran is high undervalued.

Will limit up. Just wait and see.

EDARAN VERY LIKELY WILL LIMIT UP TODAY.

YEAH. EDARAN IS FAR MORE BETTER THAN THETA. EDARAN IS PROFIT MAKING

EDARAN WILL BE NEXT AFTER OPCOM, THETA .

EDARAN GO GO GO. RM1.50 SURE HIT.

Those miss the boat at THETA. Must buy Edaran.

Edaran another THETA is making. Go Go Go.

mean no deal at the moment.

Deliberations are still ongoing and the firms could decide not to go ahead with the plan, said the people.

Singapore's PE firm to buy a third of AppAsia?

KUALA LUMPUR: Northstar Group, a Singapore-headquartered private equity (PE) firm, is eyeing to buy a third of AppAsia Bhd from the latter's ultimate shareholder for 55 sen a share.

Northstar, which manages more than US$2.2 billion of equity capital dedicated to investing in growth companies in Southeast Asia, planned to take AppAsia private, said a person with knowledge of the matter.

It is understood that the ultimate shareholder of AppAsia is Yuk Tung Group.

The current dominant shareholder of AppAsia is a top associate of the privately-held Yuk Tung, the source said.

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"The offer will include not only the mother shares, but also both AppAsia warrants. Based on AppAsia's closing price on Friday, the combined market value per unit of the mother shares and warrants is 28.5 sen," the source added.

Since its founding in 2003, Northstar has raised five private equity funds and invested in more than 35 companies including Gojek, according to its website.


The companies come across the banking, insurance, consumer/retail, manufacturing, oil and gas, coal and mining services, technology, telecom and agribusiness sectors.

Northstar's interest in AppAsia is due to the latter's 12-year electronic bank confirmation contract with the Malaysian Acounting Association (MAA) where it is charging RM15 per bank confirmation.

Apart from AppAsia, there was only one other company in the world providing similar e-confirmation platform independently on a commercial scale, that being the Thomson Reuters-owned Conformation, the source noted.

Conformation charges its customers a flat rate in US dollar, while AppAsia charges in ringgit.

Northstar was expected to bring the AppAsia platform to Singapore, Vietnam, Indonesia and the Phillipines in a big way, the source added.

"Northstar has the credibility to do so as it is the PE firm which has helped put Gojek, a small start-up from Indonesia, into a giant entity that it is today."

Despite offering the potential 55 sen per share, the source said Northstar would possibly get AppAsia shares cheaply as from 2022 and with proper marketting, AppAsia might gain RM15 million to RM30 million a year for the next 11 years from its monopoly of the MAA electronic platform.

"AppAsia is said to be anticipating all auditors and banks operating in Malaysia to adopt this fintech e-confirmation platform developed in-house and targets to process annual bank audit confirmations for 1.3 million companies that are registered with the Companies Commission of Malaysia," said rival PE firm Potential Excelerate Group in a report.

This would be in line with the digitalisation within the banking industry through initiatives such as DuitNow by Bank Negara Malaysia, added Potential Excelerate.

OneDelta, a home-bred analytics firm meanwhile, has given AppAsia its strongest and highest rating on record.

"Stock in booming mode can be traded very volatile, price can swing largely day-to-day. While having big upside potential, the downside risk can be huge if the stock is not meeting the market expectation," OneDelta said in a report, adding that AppAsia as a stock was "shooting to the moon".

Shooting to the moon is a term used by traders to describe a lowly priced stock which suddenly acquires a much higher premium than before.

Karim will buy as much as possible at price below 80sen.

Karim buy back Serbadk share.

Share buyback by two Serba Dinamik founders on the cards?
By Cheah Chor Sooi
1 hour ago
in Featured, Markets, Top

SERBA Dinamik Holdings Bhd co-founders Datuk Dr Mohd Abdul Karim Abdullah and Datuk Awang Daud Awang Putera have expressed desire to buy back the shares that they were forced to sell earlier due to margin calls.

Since acquiring five million shares on May 31 to cushion the fall of the global integrated oil & gas (O&G) outfit following the flagging of accounting matters pertaining to the company’s FY2020 statutory audit by its former external auditor KPMG PLT which raised his shareholding to 27.07%, Abdul Karim has been on a ‘selling spree’.

The group managing director/CEO of Serba Dinamik last disposed of 95 million shares in the open market at an average price of 35 sen/share on June 29 due to forced selling which trimmed his stake in the company to 21.59%.

Meanwhile, Awang Daud who is also the non-independent non-executive director of Serba Dinamik parted with almost 27 million shares between June 28 and June 30 – also because of forced selling emanating from margin call – which further reduced his stake in the company to 0.69%.

“Potentially, both shareholders will start to accumulate the stock once they put their margin call issue behind them,” a source close to the company’s top management told FocusM.

“Moreover, the share price of Serba has stabilised substantially in view of strong buying interest from retailers, hence looking ripe for picking.

“Another plus point to consider is that Serba Dinamik will start its formal engagement with EY (Ernst & Young Consulting Sdn Bhd) on Wednesday to start the ball rolling on the jobs scope provided by Bursa Malaysia.”

Recall that the company had officially engaged EY as its independent reviewer to assess the accuracy and veracity of the matters highlighted by KPMG as per Bursa Malaysia’s deadline last Friday (July 2).

In a related development, a market observer who is familiar with the counter expects a positive outlook for Serba Dinamik in the week ahead following EY’s appointment.

“Technically speaking, the share price could potentially rebound to the 65 sen-75 sen range depending on the development of its audit case,” the market observer told FocusM.

“Hopefully, we can hear more positive developments with regard to the appointment of new independent directors over the next few days.”

At this level, with most negative news been already factored in, the market observer expects selling pressure to be “not as aggressive as before or could be absorbed by strong buying interest”.

“The current price is very attractive in terms of risk and reward with 29.5 sen being a decent support level,” he added.

At the close of Friday’s (July 2) trading, Serba Dinamik was up up 0.5 sen or 1.32% to 38.5 sen with 542.68 million shares traded, thus valuing the company at RM1.43 bil – July 5, 2021

HDD maker SEAGATE share price now in record high ! JCY will catch up

MAA LIMIT UP !

Frontkn largest shareholder Mr Ooi Keng Thye also hold Novamsc. We better buy for long term to maximise the profit. U know that Mr Ooi bought Frontkn at cost around 15sen since year 2014. Now Frontkn share price RM4.88 ! How many % Mr Ooi made from this investment !

No many ppls know about it.

But Novamsc lastest annual report, Mr Ooi appeared in shareholder list. He hold slightly below 5%. Why he bought into Novamsc ? Maybe he saw the values in Novamsc which we don't saw it.

I wish Mr Ooi can repeat the successful investment story of Frontkn on Novamsc. I also hope Mr Ooi can do more charities to this country especially during this time.

Good luck Mr Ooi.

It is a super good news for all Asiapac shareholder. IGB owner saw the value in Asiapac. I think he will increase his stakes further. Expect Mr Tan will join the board of director soon.

Mr Seow Lun Hoo appeard as 2nd largest shareholder in lastest annual report.

Seow Lun Hoo

Chairman of Newfields Group, CEO of Newfields Advisors

Mr Seow founded Newfields Advisors in 2001 with a vision of providing innovative and independent advisory services to clients from different industries and business sectors. As the Chairman of Newfields Group, Mr Seow has headlined some of the biggest corporate deals in Malaysia as they shifted the country’s M&A landscape. In 2006, he provided financial advice for the privatisation of Malakoff Bhd, and when IJM Corporation Berhad merged with Road Builders Bhd. Four years later, he was instrumental in Singapore Technologies Telemedia Pte Ltd’s acquisition of 33% of U Mobile Sdn Bhd. Other prominent deals include the acquisition and privatisation of Magnum Corporation Berhad, and the restructuring of KFC Holdings (Malaysia) Berhad and QSR Brands Bhd. His extensive experience in the financial realm saw him serving for 28 years at Hong Leong Credit Bhd, including as the President and CEO. Hong Leong Credit Bhd is presently known as Hong Leong Financial Group Berhad, the financial services and property arm of the Hong Leong Group Malaysia. Mr Seow has a wealth of experience in operation and strategic management, as well as corporate finance transactions, with a specialisation in M&A deal generation, corporate restructuring and reorganisation, and debt and equity capital market transactions.

Mr Seow is a Fellow of the Chartered Insurance Institute, UK, and a licensed Capital Markets Services Representative in Malaysia.

today is T3. after force selling 4pm, will start rebound strongly.

GO GO GO.

monitor closely. moving up liao.

WCEHB is another PLUS Malaysia !!

TAN SRI DATO' SURIN UPATKOON keeping buying in open market.

From the price movement this morning, the news from TheEdge weekly look like fake news.

New report should solve Felda’s problems

Majlis Permuafakatan NGO Felda says it is crucial to include privatisation of FGV as part of PN’s overhaul strategy

by ALIFAH ZAINUDDIN / pic by TMR FILE

THE government is expected to release the eagerly-awaited report on the Federal Land Development Authority (Felda) next month, following its handing over to Prime Minister (PM) Tan Sri Muhyiddin Yassin in August.

Minister in the PM’s Department (Economic Affairs) Datuk Seri Mustapa Mohamed recently said the report, which he described as a follow-up to the Felda White Paper tabled in Parliament last year, will contain a model to improve Felda’s accounts and ease debts owed by settlers.

Mustapa said the report would also include a plan to raise Felda’s palm oil output from its current production level of between 19 and 20 tonnes per acre per year to 25 tonnes per year.

Majlis Permuafakatan NGO Felda chairman Datuk Mazlan Aliman said it is crucial to include the privatisation of Felda’s listed arm FGV Holdings Bhd as part of the current administration’s overhaul strategy.

He said any plan to help Felda recover will not take shape without the return of some 360,000ha land, which currently is under FGV.

Prior to FGV’s listing in 2012, Felda’s net income stood as high as RM1.1 billion with revenue going up to RM5.9 billion from 2007 until 2011.

Felda has since been in the red with a massive RM5.7 billion net loss in 2018, while turnover continues to hit below the RM2 billion mark.

Felda currently receives a fixed annual payment of RM250 million from FGV, plus 15% share of profits as part of a 99-year land lease agreement signed by both parties in 2012.

“It is not enough. Felda’s annual expenses amount to billions of ringgit each year and the government will not be able to sustain this.

“This new plan must include a way to take FGV private so that the land can be returned to Felda, along with the 68 mills it owns. If not FGV, where else are we supposed to get an income?” Mazlan told The Malaysian Reserve.

According to the White Paper, the bulk of Felda’s expenditure from 2007 to 2017 were on state contributions and financing settlers at RM13.1 billion, while management costs amounted to RM2.7 billion over the 10-year period. In 2017 alone, total expenses stood at RM5.3 billion.



Concerns on taking FGV private, however, lie in its cost, which could go up to about RM15 billion to RM20 billion given its initial public offer reference price of RM4.55 per share.

“The government cannot say there is no money to spend when they’ve pumped billions of ringgit into Malaysia Airlines Bhd numerous times. Even if it costs a lot to take FGV private, it would help Felda and the government in the long term,” Mazlan said.

He said the Group Settlement Areas Act 1960 should also be reviewed to recognise and incorporate new generation settlers.

The Institute for Democracy and Economic Affairs in a recent paper titled “Structural Changes and the Prospect for Felda” outlined key recommendations which should be included in Perikatan Nasional’s (PN) plan.

The report’s co-author Prof James Chin said the government should look at allowing Felda to be run like a real private company competing with the private sector players.

“As it stands now, there is much government interference and they rely on government support and protection if things go wrong. This mentality must stop if Felda is to survive in the long run.”

Co-author Nur Zulaikha Azmi said the government should readjust its strategy as the current model no longer suits Felda.

“The new Felda should diversify into cash crops and livestock replacement programmes, as well as increase settlers’ participation in management level activities to create more attractive job opportunities for the settlers.”

Felda could also offer incentives such as a capital scheme for younger generation start-ups and subsidies for technology adoption to attract new generation settlers into plantation activities.

Nur Zulaikha said Felda should dispose of assets and companies in unrelated and unprofitable sectors, and focus on a strategy to streamline innovation and upgrading efforts.

“This will take time, but a sustainable strategy and commitment to an implementation timeline are required.”

The offer price likely will be the FGV IPO price RM4.55

Malaysia Covid-19 case increase substantially last 2 days is another positive factor to Topglov.

AstraZeneca Plc stopped giving shots of its experimental coronavirus vaccine after a person participating in one of the company’s studies got sick, a potential adverse reaction that could delay or derail efforts to speed an immunization against Covid-19 for the world.

US covid-19 vaccine facing problem. It maybe good news to glove stock

Bargain buy time.

Fong Siling bought alots Armada. Armada annual report showed he got 71million share.

ASB going to sharp rise tomolo after KTB and GETS.

GETS limit up. ASB only up 1sen. ASB will catch up

GETS, CME and KTB up so much today. Don't forget ASB also doing BUS EXPRESS

Advance Synergy Berhad, an investment holding company, is engaged in the operation and management of hotels and resorts. It also engages in the development of residential and commercial properties; provision of telecommunications products and customized solutions for the telecommunications industry; and also in the distribution of third party telecommunications products and components. In addition, the company is also engaged in providing stage bus, express bus, and bus maintenance and related services. Further, it provides travel related services, card and payment related services, as well as operates as a travel and tour agent and a licensed money changer and is also involved in traditional Chinese medicine services. The company operates in Malaysia, Singapore, Africa, the Middle East, Europe, and Australia. Advance Synergy is based in Shah Alam, Malaysia.