will not due to most of the portion has been absorbed by tabung haji. universal trustees has no interest to hold ths. they just wan to cash out after given faber shares long time ago. faber has great potential to reach beyond rm3 once everythg has been finalised.
when someone ask will faber accept uem offer is like the scenario ..which school will the 6 year old kid go to??is it government...private or international. who will decide? is it the kid's parents to decide which school can carry for value to the kid in the future??...time to ponder
We wish to announce that UEMG has today agreed to our request to extend the validity period of the Offer from 30 August 2013 to 10 September 2013, for the Board of Directors of FGB, save for the Interested Directors, namely Dato’ Mohd Izzaddin bin Idris, Elakumari a/p Kantilal and Azmir Merican bin Azmi Merican, to deliberate and assess the Offer.
See what analyst says Disappointing numbers. Faber’s 1HFY13 revenue dropped 15.1% y-o-y to MYR341.3m as contribution from its property segment sunk 81.4% y-o-y to MYR15.6m on lower sales registered. Gross profit, meanwhile, plunged 35.8% y-o-y to MYR68.7m as the implementation of minimum wages effective 1 Jan eroded margins at its concession business. All in, 1HFY13 core earnings came in at a subpar MYR22.2m (excluding impairment of assets amounting to MYR3.4m in 2QFY13), falling short of both our and consensus estimates, comprising only 33.4% and 33.2% of full-year forecasts respectively. 2QFY13’s revenue of MYR168.3m and core earnings of MYR10.6m weakened y-o-y and q-o-q on softer-than-expected property sales
new acquisitions should improve eps even on enlarged share cap.. I also waiting for price to go up. 1st target 2.80 after that hopefully can pass RM3... cautiously optimistic...
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 282 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11448 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
timl
322 posts
Posted by timl > 2013-08-27 19:16 | Report Abuse
i understand that point 1 will affects klci but how do point 2 and 3 have huge impact here?