Given the fact that the RPT is expected to cash out RM2/share, ORIENT's cash balance will go down significantly post RPT. Further, its businesses are not expected to be doing very well given the state of economy we are in right now. Despite the plunge recently, it is still not considered cheap.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3333505

Loss attributable to ordinary shareholders is rather small, 6.162 million.

1.11!!!!
what happened????

Sad to say, but there is nothing much small shareholders can do. Hope the major shareholders are not only enriching themselves, having cashed out RM2 / share lately with RPT.... :(

DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain.

The Board of Directors of Suria Capital Holdings Berhad (“Suria Capital”) is pleased to announce that the Sabah State Government has approved for Sabah Ports Sdn Bhd, a wholly owned subsidiary of Suria Capital, to enter into a strategic collaboration with DP World, a leading provider of worldwide smart end-to-end supply chain logistics.



The approval was conveyed via a letter by the State Economic Planning Unit and received by Suria Capital on 16 January 2023. The key areas of the collaboration are the management and operation of Sapangar Bay Container Port as well as investment of logistics and supply chain infrastructure in Sabah.



This announcement is dated 16 January 2023.

Based on the following considerations:
1. Improving financial performance following the reopening;
2. Reactivation and potential monetization of Jesselton Quay project;
3. Renewal of port concession by another 30 years (and this is a BIG ONE); and
4. Potential take-over offer by SM (this is an old news but its possibility cannot be underestimated).

Suria holds a lot of potential in it. Apa lagi mau? :P

MARI LA MARI, BELI LA BELI.... ;)

Its NTA per share of RM0.68 means nothing unless its businesses started to turn around. If someone invests based on this (i.e. its NTA is much higher than its share price), it may well turn out to be "cash trap"...

Jaks has not been paying dividends and it is not expected to do so in the foreseeable future due to its tight financial position. Just hope that it would not have the need to call for additional capital injection from shareholders via rights issue or private placement. Fingers crossed!!!

All other segments are making losses except the joint venture in Vietnam. Even then the JV is subject to additional sovereign risk and potential debt crisis which may become more prevalent in emerging economies in 2023.

@Striker90
Agree with your comments.. In 3Q2022 QR just announced, "the company had incurred RM14.0 million from issuance of LTIP". Strikingly, this amount given to management is almost equal to RM15.789 million in profit before tax recorded in 3Q2022! Would it make sense to award such a huge sum in LTIP to management when the company is not really performing well?

Never mind, they sell, i buy... ;)

@LongTermInvestor8
I have serious doubt about the allegation that 880mil was swindled from Rapid Synergy. Is this ever possible? Rapid Synergy's shareholders' fund has remained relatively stable around 119mil - 158mil for past 10 years.... Where is that 880mil coming from???

Not only was revised timeline for payout to suria is set, there are additional safeguards in the form of BG and 1st party legal charge over a piece of land owned by SBC to securre SURIA's interest..

VERY POSITIVE DEVELOPMENT FOR SURIA OF LATE:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=132021&name=EA_GA_ATTACHMENTS

Good QR, but price plunging... Anyone has any news?

Anyone knows when would QR be out?

Good QR, another sterling quarter! Earlier fear of Laos' receivables seem to be overblown. Time to fly?

Still a good company overall, it is just the recent RPT which is unsettling..

if tguan's expansion is carried out smoothly as planned, it should move closer to RM4 in the longer term...

https://www.theedgemarkets.com/article/thong-guans-bullish-momentum-picked-pace-says-rhb-retail-research

Good news in support of MFCB's business!!!

3.32.. next 3.40, Then to 4.00 in the long term..... ;)))

Going ex-div tomorrow..

if this RM2/share is cashed out via dividend payout, the share price should fly!!!

Almost RM2/share cashed out!

It seems obvious the major shareholder is cashing out via RPT. Hopefully the valuation is fair too...

Can you smell what is cooking??!!

RPT of RM1.2bil!

"Conglomerate Oriental Holdings Bhd (OHB) will be investing RM150 million to build a new hospital, called the Oriental Medical Segamat, in Johor. Oriental Medical Segamat managing director Dr Tan Hui Ling said the construction of the hospital, on a newly purchased 2.36-hectare piece of land, is OHB's second hospital after Oriental Melaka Straits Medical Centre (OMSMC) in Klebang, Melaka. Tan, who is also the MD of OMSMC, said the new hospital is part of OHB’s expansionary plans in the north Johor region."

ORIENT is by far one of the most UNDERVALUED stocks in Bursa. It has about RM5.50 in NET CASH per share as of the lastest QR and its NTA per share should be pushing RM12 per share within the current financial year (as it does not have much intangibles). Yet its share price is only at around RM6.90 now!!! Its EPS should also be close to RM1 per share this financial year!!! Apa lagi Mau??!! ;)

QR today?

Yes, the younger boss is definitely kind enough to reward shareholders for their loyalty when the results are good. It should be able to pay even more if it monetizes its other businesses (other than auto, plantation, hotels etc) and make its vast land bank and healthcare segment sweat harder..

There may be impact on the company's ability to take on big project as well...

QR is better than my expectation... However, cash position turned from +182mil to -37mil. Interest income will go down while interest expense is expected to rise...

Nice!

Interim dividend of RM0.20 coming soon! ;)

QR today?

2.65... TGUAN POWER!!!!

2.60... Tguan power!!! ;)

Noted TQ.

Appreciate it if anyone can update on info gathered from investor online briefing. Thanks!

"The Group's net debt declined 29.6% or RM154.1 million from RM520.2 million at the beginning of the year to RM366.1 million at the end of the reporting period."

"We do not expect Lao's weak fiscal position, relatively high public debt and low foreign exchange reserves to significantly affect Don Sahong's trade receivable collection from EDL."

Investment in quoted shares, however, suffered 61.57million in fair value loss.... :(

"Trade receivable turnover for EDL remains within the normal range of 4-5 months."

Interim single tier dividend of 3.6sen declared, vs. 3.25sen in previous year..

Excellent QR, profit attributable to shareholders increased by 15.5% QoQ!