Government: Let’s privatised airport with RM11 each share😁

Shareholders: Why privatized airport if airport can earn so much profit? I disagree on this privatisation bullshit…

Government: Ok. Now let’s use the company own money to upgrade airport facilities so that airport won’t earn so much profit in the near future😎

Shareholders: Fxxk!!!

This is the conclusion from the latest MAVCOM press release, which means it now reach the FINAL STEP which is require 90% shareholder agree to privatise MAHB.

Not long until we can reach RM11 target price, maybe within this month.

Thanks Anwar & Anthony Loke!

根据马来西亚航空委员会的决定文件，关于由Gateway Development Alliance Sdn Bhd、Pantai Panorama Sdn Bhd、Kwasa Aktif Sdn Bhd 和 GIP Aurea Pte Ltd 提出的马来西亚机场控股公司（MAHB）的预期合并申请，文件总结了以下几点：

合并范围：该合并计划涉及私有化MAHB，申请方将收购剩余67.01%的未持有股份。
法律框架：经过委员会审查，依据《2015年马来西亚航空委员会法令》（Act 771），合并若生效将不会违反第54条禁止的规定。
合并条件：此决定依赖于申请方签订最终的有效股东协议，确保合并后不会从事任何违反该法令规定的商业航空服务活动。
决定有效期：该决定自2024年11月8日起生效，有效期为一年。
文件明确表示，申请方在完成合并后需要遵守相关的航空服务法律框架，确保不会对市场竞争产生不利影响。

This document outlines the Malaysian Aviation Commission's decision regarding the proposed transaction, labeled as an "Anticipated Merger," involving Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd, and GIP Aurea Pte Ltd. The primary points of the decision are:

Merger Scope: The merger aims to privatize Malaysia Airports Holdings Berhad, with the Applicants intending to acquire the remaining 67.01% of shares not currently held by them.
Commission Approval: The merger was voluntarily notified to the Commission, which, after review, determined that the merger would not infringe the prohibition stated in Section 54 of Act 771.
Shareholders' Agreement: The decision is conditional upon the finalization of a valid Shareholders' Agreement. This agreement ensures that post-merger, the Applicants will refrain from engaging in prohibited commercial aviation activities under Act 771.
Validity: The decision remains valid for one year, effective from 8 November 2024.
This summary clarifies the steps and conditions under which the proposed merger can proceed, with emphasis on compliance with aviation regulations.

If the last step done, I believe it will direct reach or very near to the TP RM11.

Now still pending last step which is 90% shareholder agree on it. Just be patient and wait.

This is just a typical procedure for MAVCOM to show that they have democracy, your objection will not change their decision. It is considered approve already, just pending last step which is 90% shareholders agree on it.

Just accept the privatisation offer at RM11 and take your profit. Don’t make it so complicated🙂

It is approved. Now just pending last step which is getting 90% shareholders agree on it, everything will settle before end of december 2024.

This is sure win deal if we bought lower than RM11. We just have to be patient and wait.

Mavcom actually already announce on their website on 30 October 2024. That why airport share price rise so much on 1/11/2024. Newspaper always slow action one.

https://www.chinapress.com.my/20241102/%E8%88%AA%E5%A7%94%E4%BC%9A%E4%BA%AE%E7%BB%BF%E7%81%AF-%E5%A4%A7%E9%A9%AC%E6%9C%BA%E5%9C%BA%E7%A7%81%E6%9C%89%E5%8C%96%E8%BF%91%E8%90%BD%E5%AE%9E/

Mavcom already approve the privatisation of airport on 30 October 2024. The entire privatisation process will be completed before end of December 2024.

Based on today price (RM10.46), I don’t think any shareholder will reject the offer price of RM11 for privatisation of airport. Nobody will crazy enough to reject free money right? (Thats an Instant and Secure Profit of 5%).

This deal is a sure win deal for minor shareholders like us.

Thanks Anwar & Anthony Loke!

Feel like got people trying to push down the share so that more shareholder will agree with RM11 offer price.

What do you think?

Today, I’d like to take some time to talk about Public Bank. I believe everyone is aware of the significant drop in its stock price on Friday.

I looked into it further, and the main reason was the Cheng family's announcement on Thursday that they would reduce their shareholding to 10% to comply with financial and service regulations (individuals cannot hold more than 10% of financial stocks). This immediately made investors think that about 13.4% of the shares would flood the market. Fear and emotion took over, and in just a few hours (including sleeping time), rational thinking and research were nearly impossible. The next day, investors rushed to sell, and seeing such a steep decline, even those who were initially hesitant joined in. As a result, Public Bank's stock plummeted by 5.7% on Friday, which is double the decline during the small stock market crash at the beginning of August (which saw a drop of only 3.5%).

However, most people overlooked that this reduction plan is to be carried out in phases over five years, meaning they won’t suddenly flood the market with 13.4% of the shares. Additionally, besides selling on the open market, the Cheng family will privately sell to qualified major shareholders, company executives, and employees. They could even sell to KWSP, ASNB, Khazanah, or various invisible wealthy individuals. They might also consider using shares as dividends, distributing part of the dividends in stock instead of cash (which means no new shares are printed, so the earnings per share won't be diluted). The actual shares sold in the market might be less than half, amounting to only 15-20 million shares per month. Given Public Bank's average monthly trading volume of 310 million shares over the past five years, this selling volume is negligible and won’t pressure the market.

After these two days of cooling off, I believe most investors will gradually regain their rationality and begin to see opportunities in this crisis. After all, compared to the significant rises in Maybank, CIMB, Hong Leong Bank, RHB Bank, and AmBank, Public Bank's current stock price is severely undervalued. I expect a substantial rebound in Public Bank’s stock on Monday.

Welcome to discuss😊

(I use chatgpt to translate for you)

今天趁得空想聊聊大众银行，相信大家都知道大众银行在星期五股价大跌的消息。

我有去深入了解了一下，主要原因是因为郑氏家族星期四时表态会减持股权至10%，以遵守金融与服务法令（个人持有金融股不能超过10%）。股民们瞬间就想到有大约 13.4% 的股票会被抛向市场，恐惧加上情绪化，在短短十多个小时内（包括睡觉时间）根本无法理性思考和研究，第二天开市就着急卖了，一看到跌那么多，一些本来观望的人也着急一起跟着卖了，从而造成大众银行股价在星期五那天大跌 5.7%，这个跌幅比八月头的小型股灾跌多了一倍（八月头小型股灾那天才跌了 3.5%)。

可是大多数人都忽略了其实这项减持计划是用五年的时间分阶段进行，不是说突然间就把那 13.4% 的股票丢去市场。再加上除了在公开市场卖，郑家还会私底下卖给符合资格的大股东，公司高管和公司员工，甚至可以私底下卖给 kwsp/ asnb / khazanah 或多位隐形富豪，甚至可以以股代息，每年用股票来替代成部分股息分给各位股东（没有多印股票，所以这样做每股净利也没有被稀薄）。真正卖到市场上的票可能不到一半，算下来每个月也只会卖 1500-2000 万股，根据大众银行过去五年每月平均交易量 3 亿 1000 万股，这每月 1500-2000 万股的抛售额根本就不值一提，不会对市场构成压力。

经过了这两天的冷静期，相信大部分股民都会慢慢恢复理智，逐渐看到这场危机中的机会，毕竟比起已经起了那么多的 maybank / cimb / hong leong bank / rhb bank / ambank，大众银行目前的股价可以说是已经严重低估了，星期一大众银行的股票应该会来个大反弹了。

欢迎大家理性讨论😊