Very stable, consistent dividend paying stock and niche market player in food ingredients... Will it become like Cocoland i.e. become a target for foreign players to acquire.. With the weakened ringgit making it very cheap to acquire to gain local market share?
From the previous report, China associate is improving and RMB is appreciately. Same like went USD appreciate those companies trade in USD go up and up.
Food ingredients businesss players like Tate & Lyle, Roquette, Cargill, etc.. might prey on this sleeping jewel, as it compete with 3A. Like MCC prey on Super, Salim Group prey on Cocoland, ....use USD to buy up these companies at weak RM....
Edmund, this company is of similar market capitalisation like Cocoland...approx. USD1xx mils. with revenue streams and customers that is many times the market capitalisations. Being in Malaysia, it offer preys the opportunities into ASEAN exports..
With below shareholding structures, it is prone to vultures....preying . The single largest shareholder is 20.33%.
THREE A RESOURCES BHD (31March2015 – Annual Report) Name of Shareholders No. of Shares Held % of Issued Capital 1. Fang Chew Ham Holdings Sdn. Bhd. 80,000,000 20.33 2. Wilmar International Limited 61,600,000 15.65 3. Foong Chiew Fatt 16,180,960 4.11 4. JF Apex Nominees (Tempatan) Sdn. Bhd. 15,216,580 3.87 Pledged Securities Account for Teo Siew Lai 5. Amanahraya Trustee Berhad 13,623,200 3.46 Public Islamic Optimal Growth Fund 6. Fong Chiew Hean 12,650,000 3.21 7. JF Apex Nominees (Tempatan) Sdn. Bhd. 12,220,380 3.10 Pledged Securities Account for Teo Kwee Hock 8. Fong Chu King @ Tong Chu King 10,950,000 2.78 9. Amanahraya Trustees Berhad 8,844,500 2.25 Public Islamic Equity Fund 10. Amanahraya Trustees Berhad 4,470,700 1.14 PB Growth Fund 11. Teo Kwee Hock 4,330,300 1.10 12. Tan Booi Charn 4,000,000 1.02 13. Amanahraya Trustees Berhad 3,410,400 0.87 Public Islamic Opportunities Fund 14. Amanahraya Trustees Berhad 2,951,400 0.75 Public Islamic Select Treasures Fund 15. Amanahraya Trustees Berhad 2,734,800 0.69 PB Islamic Equity Fund 16. Tan Kim Tee 2,239,800 0.57 17. Public Nominees (Tempatan) Sdn. Bhd. 2,134,900 0.54 Pledged Securities Account for Ng Faai @ Ng Yoke Pei 18. Maybank Nominees (Tempatan) Sdn. Bhd 2,091,400 0.53 Maybank Trustees Berhad for Public Industry Fund 19. Amanahraya Trustees Berhad 2,030,500 0.52 Public Islamic Mixed Asset Fund 20. Public Invest Nominees (Tempatan) Sdn. Bhd. 2,001,000 0.51 Pledged Securities Account for Yoong Fui Kien 21. Cimsec Nominees (Tempatan) Sdn. Bhd. 1,767,800 0.45 CIMB Bank for Chen Fook Wah 22. UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. 1,586,700 0.40 Pledged Securities Account for Rentas Megah Sdn. Bhd. 23. Chan Chu Wei 1,583,000 0.40 24. RHB Capital Nominees (Tempatan) Sdn. Bhd. 1,530,080 0.39 Pledged Securities Account for Phoa Boon Ting 25. Citigroup Nominees (Tempatan) Sdn. Bhd. 1,500,000 0.38 Pledged Securities Account for Cheong Siew Chyuan 26. T.B.R Shopping Centre (M) Sdn. Bhd. 1,500,000 0.38 27. Tan Chon Sing @ Tan Kim Tieng 1,488,000 0.38 28. UOB Kay Hian Nominees (Asing) Sdn. Bhd. 1,234,000 0.31 Exempt An for UOB Kay Hian Pte. Ltd. 29. Citigroup Nominees (Tempatan) Sdn. Bhd. 1,112,000 0.28 Pledged Securities Account for Wong Wai Kong 30. Ooi Poh Keoh 1,040,000 0.26 ====================================================================== Total 278,022,400 70.64 ======================================================================
It's on Edge list of momentum stocks.. Interestingly, Public Mutual has a number of funds investing in this counter. In total, it makes an interesting blocks totalling more than 10% of the equity. Any potential vultures will find this block interesting...
What is the strategy behind Public Mutual building up such a big block of 3A shares across multiple funds? There is no capital gains over the past 4-5 years but only dividends.... Probably they see something we don't......like Cocoland????
Public Mutual use traditional value investing strategy. It buy because it believe the value, but not targeting active stock like Kenanga Growth Fund. It is also in Tongherr, which is slow and illiquid.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FreeThink
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Posted by FreeThink > 2014-07-30 19:48 | Report Abuse
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