I am aware of that too, but I dont think BN will lose.

If you look at the circular they issued before the egm, you should be able to find the timeline at section 20, hope it helps you.

Sabar lah, wait until the construction of terminal kampar is done, you shall be able to enjoy the profit by then.

Haha The_Reds, I am looking at the same stock as you, give you one hints, enter during mid of april

Seem like tmr will be retracing...

i got sikit at 0.69 as initial position, was thinking it will release lousy result, then buy another position by that time.

Give me buy first only limit up la

I queue 0.795 tmr, can get?

limit up tmr

Look at fitters and tekseng, hows that

JAWA888 real or not, 20/4 ?

I was telling facts, u can go to read the circular on 29 December

Coming qr will have huge loses

Dont need to guess everyday lah, just phone to ask CEO
http://www.comcorp.com.my/comcorp/index.php?option=com_content&view=article&id=27&Itemid=136

Lim Keng Hock
Chief Executive Officer
Tel: +(603) 5039 9898 (ext 9889)
Email:limkh@comintel.com.my

Loh Hock Chiang
Deputy Chief Executive Officer
Tel :+(603) 5039 9898 (ext 9880)
Email: lohhc@comintel.com.my

Not to let you disappointed, the disposal of subsidiary is only going to have very little disposal gain, not even 1m profit, you can check that in the circular yourself.

@Beza, Why March will see big profit ?

Bursa is getting more shitty nowadays, cant even do math

Comcorp will have RM 0.94 NTA after disposing BCM, Comcorp get 112.3m cash from the disposal which is translated to around RM 0.80 of its net asset . 0.80/0.94 = 85%

Nothing lah, tomorrow gap down I will sapu, pls gap down

Comcorp is hitting this rule, which I think is already expected by market ( I would prefer pn16)

1 As stipulated in paragraph 8.03A(3) of the Main LR, an affected listed issuer refers to a listed issuer which has triggered the criteria of inadequate level of operations under paragraph 8.03(2) of the Main LR namely that the listed issuer has –



(a) suspended or ceased all of its business or its major business; or

(b) suspended or ceased its entire or major operations; or

(c) an insignificant business or operations.

Not sure why pn17, bursa might be mistaken, as far as I know, comcorp should hit pn16 but not pn17

Prepare to buy more tomorrow if limit down haha, no brainer buy , 0.810 - 0.30 = 0.51 , minus 0.45 dividend = 0.06 to buy

Why not pn16 but pn17? Comcorp should be kena pn16 (cash company) instead of pn17, bursa is stupid?

ran777rpt, do you have the link for the report ?

Lim Hock San is selling all his direct intrest share which is 4,718,300 units at around rm1.63 per share. They are not stupid, stupid is brewing, could be selling to Sany Group as they want to be benefited together with the joint venture?

Lim Lit Chek is also selling 10,000,000 units off-market on 29th Nov
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5627697

Buy before too late, mom tp 0.35, son to 0.22

Current price = 0.73 , Capital repayment = 0.45 per share , You are only using 0.28 to buy a share that has nta 0.94 - 0.45 = 0.49!! Even an idiot also knows how to do the math.

Ambank's chart look nice, already breakout from the downtrend.

If you are referring to Beh Hang Kong, I dont think is a real issue now as he is only the Non-Independent Non-Executive Director for mlglobal now which is basically useless

@davidkkw79 alliance bank

I am quite confused when you are saying that the major shareholder need time to dispose their shares. From my point of view, I dont think they want to sell and if they really want to sell, there is no retailers that have the ability to absorb the shares they own. The average volume traded each day is only around 500k.

But rate hike will not necessary cause trouble to those banks that have high variable rate loan. You can see it by yourself through the historical quarterly result of those companies.

ABMB and RHB should be the best choice in term of loan size and variable rate loan percentage if interest is really going to increase next year.

As I saw in the latest QR, the percentage of fixed rate loan is around 29% out of the total loan. Item A11(c).
We can compare it among its peers.
AMBANK - 27b/93b = 29%
CIMB - 572m/1658m = 34%
RHB - 27.6b/158b = 17.5%
PBBANK - 69.5b/301.3b = 23%
MAYBANK - 141.7b/485.9b = 29%
ABMB - 3.7b/38.9b = 9.5%
AFFIN - 16.6b/45.1b = 37%

For those who intends to sell at current price, dont need to be panic selling, if you have observed the buy queue during this few days, you should have already noticed that there are someone who queued huge amount of money to buy at 1.62, so you guys could probably sold all your holdings at 1.62 without the need to throw all down the share price tremendously. Just my 2 cents. No offence. Btw, happy winter solstice to all of you. :)

@Ken, as no cash is received upon the conversion of ICPS, my guess that it is probably why they extend the private placement period so that they could do another private placement to have fund to build the IBS plant as I kind of remember that they need like 20.4m (51% out of 40m, 51% holding in JV with Sany) fund as the initial investment to build the plant.

@christophertopher , if based on current PE, price seems like overpriced. But if you take into the account of 30% growth, current valuation is reasonable. The only risk to growth stock like mlglobal is when it unable to deliver the "expected" result. So for those who have bought mlglobal since 1.1x like me, it is okay to hold and let profit runs. For those who intend to buy but haven, you must have a very strict trading/investing plan including when to buy and sell because you do not have the safety margin like us.

I was confused with the term "issue price" and "conversion price"

Ken, sorry, I think you are right.
I found those details in the pdf file.

Conversion Price or Conversion Ratio :
Subject to adjustments to the conversion price and conversion ratio
set out below, the conversion price shall be an amount equivalent
to the Issue Price (“Conversion Price”), which effectively results in
the conversion ratio of one (1) ICPS into one (1) new MGB Share
(“Conversion Ratio”). For avoidance of doubt, no additional cash
payment is required for such conversion of the ICPS by the ICPS
holders.
Based on the current conversion ratio, 180,000,000 new MGB
Shares will be issued upon full conversion of the ICPS.

The above ICPS are converted to Ordinary Shares based on a conversion price of RM0.67 and at the conversion ratio of one (1) ICPS into one (1) Ordinary Share with no additional cash payment.

Please dont pick part of the sentence

Another advantage of using the IBS which is not mentioned in the news is that the using of IBS will let them save cost in the raw material by reducing the using of steel bar which is more expensive now.

How did I get the number --> 30% growth? It is from this news,

“Not only that, a project’s construction period can be effectively reduced by 30% by using the IBS system.
https://www.thestar.com.my/business/business-news/2017/07/18/ml-global-set-to-expand-in-ibs-segment/

Not to mention that the shares hold by LBS Bina and Lim Lit Chek will be ballooned to 72% out of 100% in mlglobal total issued shares after they convert all the ICPS and warrants. It is just showing how confidence the management is in term of the prospect of the company or else they will not invest so many money into mlglobal.

Recent conversion of ICPS and huge warrant amounts might due to the fund that they need to set up the IBS plant, so all big bosses are injecting more money into mlglobal.

I expect at least 30% growth in revenue next year once the IBS plant has started to contribute. So current PE is okay for me and the this stock is really a controlled stock, nobody can let it collapse unless big boss wants to.

Target 300m market cap. Equals to 0.56 share price!!

The boss has converted another 67,500,000 units today

Another IQGROUP, limit down tmr