Who is the owner of the Keng Imports & Export Sdn Bhd, why the company net asset is only RM 871,822 but the acquisition cost is RM 24,700,000, who is the owner of Keng imports & Export Sdn Bhd and how the Transasia Property Consultancy Sdn Bhd perform the evaluation ? On what basis the company have the value of RM 24,700,000 ?
Is 4.5 acres, not 4,537 acres !!! Read the announcement please !!!!
sailang_now If I am not mistaken, acquisition of Keng Imports & Exports set up in 1975, comes with a vacant industrial building with 4,537 acres or 197,668 sq feet of land. industrial land costs RM150 per sq feet in Klang industrial area.....just do the maths
Asiaply bought the company to get the site / land. They had been looking for 2 years plus. It was a good move as it is so close to their existing site and will allow them to quadruple their current production capacity. Still holding.....
Even if we jump up to sens 0.70 I am not going to sell. I want to see asiaply additional production capacity start to deliver. Whether we jump up or down a few sens here or there on a daily basis I do not worry.
A market value of RM24,700,000.00 was established by reference to the valuation report from an independent registered valuer dated 16 December 2021. The land area comprises 4.5 acres so approximately (RM124 per sq ft).
Does that seem over priced ? Remember they did not just buy the land they bought KIESB the company lock stock and barrel, who happened to own the land.
To value the land on its own we need to know if it was freehold or leasehold and the remainder of the unexpired term without that information you guys are just pluck figures out of thin air.
RATIONALE FOR THE ACQUISITION The Property is strategically located approximately 800 meters from the Group’s existing acrylic manufacturing plant in Meru, Klang. The acquisition will allow the Group to expand its production capacity up to 3,200MT per month to meet the growing demand from overseas customers especially from US and Middle East. The acquisition will expect to contribute positively to the Group’s future earnings.
So after looking for land for several years and not finding anything suitable, they managed to buy something right on there doorstep which allows them to increase there current production by 4 times !!
those dimwit just simply go poo everywhere they go.. if they properly go study asiaply.. they sure know whats asiaply and current manufacturing industries problems..
freight cost skyrocket almost 500% if US dont solve their own port congestion shit.. its gonna be shitty year for Asiaply and the rest of exporter.. unless their contract is FOB!!
at least USD9,000 per 40GP container.. and it gonna go up!! and up!! how much asiaply can make per container for coming QR.. wait for another year for the logistic cost to ease down i think..
@kpmg003 They already have an end purchaser in mind, they just needed to satisfy them that they could produce the quantity and quality. Asiaply are the only company listed on bursa that uses a cold manufacturing process, this process permits the production of much higher grade acrylic sheets with superior visual acuity, as apposed to glass. Now with this expansion in play they should be able to satisfy the demand side. About 2 years ago they were only looking to double production, with this acquisition they will be able to quadruple production.
Plexiglas as a barrier for covid was the key that opened the door for asiaply to become better known abroad. The bulk of their product will land up in electric cars and some solar panels. Both of these avenues have plenty of long term demand for asiaply.
Cloudy must be having nightmares with his house about to be lelong, car sold, motocycle sold, pet dog sold, stamps collections sold and had all in above 30 sens in this counter......hehehe
PETALING JAYA: Malaysia’s borders are set to fully reopen on March 1, says National Recovery Council (NRC) chairman Tan Sri Muhyiddin Yassin.
“It was recommended by the NRC that the country's borders be fully opened in due time to support the nation's recovery.
"In connection to this, the council agrees that the nation's borders are to fully open as early as March 1 without the need for mandatory quarantine," he said in a statement after chairing the NRC meeting on Tuesday (Feb 8).
Muhyiddin, however, noted that those entering the country would have to undergo Covid-19 tests before and right after arriving into the country as recommended by the Health Ministry.
"The opening of the nation's borders needs to be done accordingly and based on current risk assessment," he added.
The borders had been partially closed since early 2020 following the Covid-19 outbreak to check the spread of the virus.
Muhyiddin added the border opening matter was raised by Immigration director-general Datuk Seri Khairul Dzaimee Daud during the meeting.
On a separate matter, Muhyiddin said NRC had also recommended a more systematic management of grants, loans and financial aid for micro, small and medium enterprises.
He said this was crucial to ensure the optimum use of resources without any overlapping claims.
The council also took note of the difficulties faced by the construction industry due to rising cost of materials, labour shortages and movement control.
"In view of this, the council supports recommendations by the Construction Industry Development Board (CIDB) to seek immediate and long term structural solutions for these issues," he added.
Muhyiddin also said Health Minister Khairy Jamaluddin had briefed NRC on the current pandemic situation, particularly the spread of the Omicron variant.
Although there had been an increase in the number of daily infections, he noted that steps taken by the health authorities, high rate of vaccination in the country and the implementation of booster shots, had succeeded in reducing the number of serious infections under Category 3 to Category 5.
Administration of booster doses among the youths and young children would also be stepped up, he said.
Muhyiddin also announced the appointment of Tan Sri Dr Sulaiman Mahbob as chief executive officer of the NRC secretariat effective Feb 1 and among his tasks were to draft the direction and strategies of the National Recovery Plan 2.0.
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onboarded at 17 cents.