MAA GROUP BERHAD

KLSE (MYR): MAA (1198)

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Last Price

0.355

Today's Change

-0.01 (2.74%)

Day's Change

0.355 - 0.355

Trading Volume

805,500


7 people like this.

3,321 comment(s). Last comment by TheContrarian 2 days ago

Selina888

306 posts

Posted by Selina888 > 2021-09-03 19:45 | Report Abuse

Wonder what is the rationale for the purchase because totally different biz nature.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-09-03 19:57 | Report Abuse

MAA always wanted to venture into O&G.

danny123

1,156 posts

Posted by danny123 > 2021-09-03 20:02 | Report Abuse

How come now only u know

beluga

271 posts

Posted by beluga > 2021-09-07 10:18 | Report Abuse

I am guessing MAA will accumulate more KNM shares to more than 10% shareholding . They have 7 days to disclose the changes in substantial shareholding, still within the disclosure rules. It won’t cost them too much in order to seek for board representation or even boardroom tussle and to be able to convene a shareholder meeting. Doesn’t make sense if MAA only buy 7% unless it’s short term or purely passive play…

Cipta

971 posts

Posted by Cipta > 2021-09-07 10:51 | Report Abuse

KNM made many retailers loss money nearly twelve years ago during Petroleum boom. Hope MAA make a right decision this time.

beluga

271 posts

Posted by beluga > 2021-09-07 11:26 | Report Abuse

At least we know MAA is prudent in their purchase.

I prefer they buy when the industry is consider at bottom of the cycle or at cheap entry. Buy cheap hoping to sell high. Maybe it will never go high. But at least I don't buy it at high price (boom of the cycle.. or during some euphoria mania eg. glove mania)

Cipta

971 posts

Posted by Cipta > 2021-09-07 11:38 | Report Abuse

Now MAA has 3 core biz namely:
1) Insurance
2) mineral
3) Education

beluga

271 posts

Posted by beluga > 2021-09-07 11:52 | Report Abuse

in fact, I would prefer MAA to make a general offer for KNM... even if means the company need to borrow for the leverage buyout and seek shareholders approval in general meeting ... See if it can get more than 50% and make KNM its subsidiary rather than just associate... Possible as the shareholdings structure of KNM is so fragmented and no one control 25% ... so ripe to take control. Another Turiya method. Oh i just love this high intense activity. :)

williamtkb

3,216 posts

Posted by williamtkb > 2021-09-07 11:53 | Report Abuse

The investment on KNM may not the right choice. Anyway, maybe they already taken 10cents profit from the investment.

beluga

271 posts

Posted by beluga > 2021-09-07 12:12 | Report Abuse

i agree. it may not be right. it may also be right. nothing is certain. if tomorrow MAA invest in airline, supermarket, or ANYTHING, there will always be critics. these people are entrepreneur and it means their nature is always to take risky bets in investment. this is the animal spirits.

Cipta

971 posts

Posted by Cipta > 2021-09-07 12:29 | Report Abuse

https://www.theedgemarkets.com/article/knm-forms-jv-undertake-projects-sarawak

KNM founder retired. Is he disposed share to MAA?

Johnzhang

2,955 posts

Posted by Johnzhang > 2021-09-07 15:02 | Report Abuse

MAA makes about $23 mil paper gain from Knm. I think MAA takes a short-term view on this investment to improve return for the idling cash .

Baobab

113 posts

Posted by Baobab > 2021-09-07 15:02 | Report Abuse

The cost per share for the 233m KNM shares invested by MAA was RM0.227. The market price of KNM is currently at RM0.315. It means MAA makes a book gain of about RM20m from its investment in the shares of KNM. Wow...what a hansom profit within such a short period. This will help in pushing the share price of MAA upwards.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-09-07 17:08 | Report Abuse

Johnzhang, MAA has always wanted to venture into O&G. It's likely to be long-term.

Cipta

971 posts

Posted by Cipta > 2021-09-07 17:36 | Report Abuse

Seen the founder IR Lee sold his share to MAA. Where will KNM heading post IR Lee.

danny123

1,156 posts

Posted by danny123 > 2021-09-08 10:59 | Report Abuse

Knm a lots of debt in US dollar

danny123

1,156 posts

Posted by danny123 > 2021-09-08 11:01 | Report Abuse

If good company why shareholder disposed?

Ask yourself did u invest in knm early...

danny123

1,156 posts

Posted by danny123 > 2021-09-08 15:26 | Report Abuse

Wah , knm come down so fast 0 255
One pocket put into another pocket

danny123

1,156 posts

Posted by danny123 > 2021-09-08 15:30 | Report Abuse

Knm esos 0.11 only
Still can subcribe n sell at d market
100% profit for knm staff

Cipta

971 posts

Posted by Cipta > 2021-09-08 15:51 | Report Abuse

Till now more than 700mil KNM share transact. Kudus to Tengku if he liquid MAA profit today.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-09-09 18:55 | Report Abuse

MAA bought another 33 million KNM shares on 7/9.

beluga

271 posts

Posted by beluga > 2021-09-10 16:42 | Report Abuse

let's see if today after 5pm MAA disclose how many shares they bought on 8/9 if any.
i still firmly believe MAA will want more than 10% ... doesn't make sense to trade short term at 7% holding.

Better still, own more than 20% or if TY risk appetite is high, then make a general offer hoping to reach 51% after triggering the 33% threshold and make KNM a subsidiary of MAA .. then MAA can take over their book.

Cipta

971 posts

Posted by Cipta > 2021-09-10 23:38 | Report Abuse

KNM Market cap is 8 times.of MAA

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-10-08 20:14 | Report Abuse

MAA bought further 80 million shares in KNM on 5/10 & 6/10.

UncleFollower

1,111 posts

Posted by UncleFollower > 2021-10-09 15:25 | Report Abuse

Since his highness cannot privatise MAA, he can merge MAA & KNM

Wealth

1,794 posts

Posted by Wealth > 2021-10-09 16:47 | Report Abuse

reading you guys comments, i think tunku is really into knm for the long term. knm crown jewel is borsig. its worth 1.5bil i think. plus others assets. worth hundreds or millions.

i think tunku like knm assets and are slowly buyinh up shares to gain control. say buy up to 20% at 22 23c. 20% knm shares is about 600mil shares. spend 160mil to control assets worth a billion. cheap

Wealth

1,794 posts

Posted by Wealth > 2021-10-09 16:49 | Report Abuse

or he can join forces with lees 8% n ceo tans parties of 7%. either way i think tunku will buy up to 15% at least. my opinion

Posted by Sobri4896 > 2021-10-11 14:57 | Report Abuse

I think now is the best time to best utilize our cash by hunting those under value co in a reasonable price. I wish TY success and make the right choice and act in right manner.

Posted by yangyang330 > 2021-10-12 17:37 | Report Abuse

have 41.8%,Compulsory acquisition

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-10-12 17:58 | Report Abuse

2% creeping rule for MGO not triggered.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-10-12 20:54 | Report Abuse

The major shareholder bought additional 1.7% through married deal at depressed price?

Posted by Pasar_Pagi > 2021-10-13 11:57 | Report Abuse

MAA no need to purchase up to 30%. MAA is now the single largest share holder of KNM, TY can have a say on BOD. If he got the corporation of the founder and management, he can control the co even has 8%.

Posted by yangyang330 > 2021-10-13 16:55 | Report Abuse

thecontrarian,how u know at depressed price?i think min price is rm1.20,long time ago have compulsory acquisition,but fail,so
u think how many price u will sell if low for rm1.2

Posted by Pasar_Pagi > 2021-10-13 17:16 | Report Abuse

It wont hurt if you sell in discounted market price and then get much cheaper ESOS.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-10-13 17:41 | Report Abuse

Major shareholder acquired 4,493,400 shares in a married deal on 11th Oct, I believe price is close to current market price. Can anyone check at what price it was transacted?

Posted by Pasar_Pagi > 2021-10-15 13:23 | Report Abuse

Well, TheContrarian, it seen like TY has shift the share registra to off-shore company, his own group of company. Price doesnt important TY just changed the name n registration of his share holder.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-10-15 21:34 | Report Abuse

It's not a shift, it's an increase in shareholding through a pre-arranged deal.

Posted by Pasar_Pagi > 2021-10-29 17:07 | Report Abuse

New Straits Times
@NST_Online
#2022Budget Education Ministry receives the biggest allocation at RM52.6 billion while the Higher Education Ministry receives RM14.5 billion


Will MAA benefit from the Budget?

danny123

1,156 posts

Posted by danny123 > 2021-10-30 19:13 | Report Abuse

Maa 0.50 cents coming soon?

Knm down to 0 .20

Baobab

113 posts

Posted by Baobab > 2021-11-09 12:29 | Report Abuse

The last dividend of MAA was paid in August 2019. No more dividend payments after the failed privatization attempt. Why?

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-11-09 13:11 | Report Abuse

Next dividend of 6 sen before 30 June 2022?

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-11-23 23:53 | Report Abuse

QR out, looks alright.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-11-30 22:06 | Report Abuse

Bought at 63 sen today.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-12-08 11:57 | Report Abuse

Bought at 60 sen this morning.

danny123

1,156 posts

Posted by danny123 > 2021-12-08 18:19 | Report Abuse

KNM SUDAH BUNGKUS???

Cipta

971 posts

Posted by Cipta > 2021-12-09 14:00 | Report Abuse

TY kena con???

Posted by yangyang330 > 2021-12-09 18:14 | Report Abuse

maa buy knm lost 40% now,buy more knm,now knm price 0.135 only,nta 0.53. if knm go to pn17, i think 0.005 also can get。wait 3 year not buy anyone company ,now buy one company will go to pn17,buy company have reserch berfore?good management ,i love u

danny123

1,156 posts

Posted by danny123 > 2021-12-09 19:02 | Report Abuse

danny123 Knm a lots of debt in US dollar
08/09/2021 10:59 AM

U dont know?
Now u know, too late?????

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