today ngam ngam 0.50

Yup. But also affect lth performance

yipgusing,if evergreen die, lembaga tabung haji also die

Sure lo. No dividend, ask them go eat shit

True. This counter wont die one.

yup. that is y i buy and keep. shoe and shirt is human need. if economy down also, they still need. u see padini ald knw.

yeah......... bjcorp declare 1 sen per share dividend, but pending further date confirmation announcement

Why le??

i think will go down to 0.48

Do u all think big boss throw out share start dec 2012 till nw is good news??

Next quarter will earn. Is a trap

If george soros buy, i cut penis a!!!!! Haha

fat cat is the chairman of tanjung rambutan

Fat cat, u sure bo

Wait for another quarter. Sure gt news.

Sure bo, year end rm 1

Kick lai liao, lai, lai

This share undervalue. Can buy and keep

Beaware a trap. Malton net profit is 1.6 million approximately after tax and operation cost deduction (operation coat = 77million). They may be out of fund to running project, that why they push the share up and create fake situation. This is my own opinion only

beaware of malton high operation cost, abot 70 million

Worth RM 0.85 sen???

not necessary

true.............. i gv 2 years

today i buy in with price 0.07

new development coming in. under trinity corporation sdn bhd

0.05 a??? tot buy at 0.065 tmr, nvm, i wait

maybe, selling midvalley and the garden to IGB

datuk direct interest is 16% plus, now ad 19% plus

for this stock, there are too many unit circulate in market, so its hard to up unless their boss buy from market, reduce the unit circulate in market

watch wat la ....................

but their boss ad did something

today start wake up ad

drop also wont drop until 0.04, dont worry. i think got somebody try to control the price on 0.07 - 0.075

can accumulate now

me today buy at rm 0.065. i plan to keep for two years and keep 'sapu' within 2 years time, what u all opinion?

ya la.... but meng say below 0.55, i think not so possible

what is the best news?

drop not much

result is disappointed

this is not low volume stock, just currently like this, it seem like got shark waiting news

i think company have potential

today no successful trading, volume = 0

raymond, keep it, at least 2 more quaters

Coming soon. Time to accumulate

Ya lo... Where u hear

hope come soon

true bo raymond

medium term i think also need half to one year

Ya lo......

Globaltec Formation Bhd, previously known as Temasek Formation Bhd, is the amalgation of three companies, AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd. It has exposure in the segments of electrical and electronics, automotive, semiconductor, palm oil and coal mining.

Globaltec has a paid up capital of RM527.36mil, the stock will have a market capitalisation of RM632.84mil.

It's safe to say that the purpose of the merger is to give the new listed entity size. Previously, the individual companies of AIC, Jotech and AutoV were small at paid-up capitals of RM173.87mil, RM92.43mil and RM58.36mil respectively.

Last July, Globaltec, a special-purpose company controlled by Datuk Goh Tian Chuan, who is group executive chairman of Jotech and AIC, submitted the proposed merger offer simultaneously to AIC, Jotech and AutoV to collectively acquire the business and undertakings of all the three companies for RM711mil to be satisfied via the issuance of new Globaltec Formation shares.


Goh: ‘We are seriously looking for more plantation land in Sabah.’
Goh owns a 7.6% stake in Jotech, 25.2% in AIC and 0.4% in AutoV. The acquisition price of Jotech, AIC and AutoV were RM217.3mil, RM339.2mil and RM154.4mil respectively. In the new entity, Goh will have a 16.7% stake, which he eventually hopes to raise.

“We expect to have better access to larger scale business opportunities, and an enhanced ability to raise funds in both debt and equity markets as a result of an improved balance sheet position. A larger and stronger balance sheet will allow us to undertake larger manufacturing contracts and to capitalise on growth opportunities domestically and internationally,” said the company in its prospectus.

Following the merger of these three companies, the business segments will be divided into two integrated manufacturing services and resources.

Goh himself will be heading the resources division and already has plans to beef up the division in the immediate term.

He has earmarked oil palm plantations for expansion with the intention of moving down the value chain by acquiring more oil palm plantations to justify constructing an oil palm mill in Sabah.

“We see plantation as an important growth segment. Right now, our hectarage is small. For starters, we want to enlarge this by at least five times. We are seriously looking for more plantation land in Sabah,” said Goh.

Its palm oil plantation activities are carried out by its subsidiaries, namely Cergas Fortune Sdn Bhd and Malgreen Progress Sdn Bhd. It has about 916.25ha of plantations situated at Sandakan Lahad-Datu Highway, Kinabatangan Sabah with about 836.96ha of planted oil palm.

The approximate planted ages of the trees range from four to 14 years. As of Dec 31, 2011, the net book value of the oil palm plantations was RM30.39mil.

Currently, the combined businesses of the three companies consist mainly of precision metal stamping and tooling, semiconductor, precision tooling an automation and automotive components manufacturing. It has palm oil plantation and coal mining, but for now, contributions are minimal.

The largest revenue contributor in the group was metal stamping and tooling with a 32.1% contribution to topline, followed by semiconductor with a 30.48% contribution, automotive components with a 25.75% contribution and precision tooling with an 11.45% contribution as of 2010.

For its year ended Dec 31, 2010, the company recorded income of RM27.33mil from RM16.55mil a year earlier on revenue of RM394.84mil from RM331.8mil previously.

As for its coal mining business, the group had in 2009 acquired a 40% stake in Rockhill Resources Ltd from Concord Alliance (HK) Ltd for US$2mil (RM6.3mil).

Meanwhile, the share swap determined earlier valued Jotech shares at 18 sen each, AIC shares at RM1.80, AutoV shares at RM2.38, Jotech warrants at 9 sen and AIC warrants at RM1.00.

Based on this scenario, the proposed swap ratios are three new Globaltec shares for every two existing Jotech shares, 15 new Globaltec shares for every existing AIC share, 119 new Globaltec shares for every six AutoV shares, three new Globaltec shares for every four existing Jotech warrants and 25 new Globaltec shares for every three existing AIC warrants.