This Kuchai is really a mystifying share...rise like crazy when mkt was peaking(early 2018), then rise a lot when mkt is bearish...NO NEWS! But sisters Kluang / SBagan not really taking part...
In the proposed deal just announced between Sungei Bagan and Nyalas Rubber Holding, Kuchai will be transacted at RM 2.37. Currently traded price for Kuchai looks attractive.
Another under valued counter as they own 3m shares in Great Eastern Life alone is worth more than their market cap and the rest of the assets incl cash come for free!
Nyala is trying to get Kuchai cheaply under value...NTA is close to RM4, before any reevaluation of assets...but Nyala pegged Kuchai at only 2.37!??? Eventually, take private at cheap price...
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....
TheContrarian
9,497 posts
Posted by TheContrarian > 2019-07-23 17:51 | Report Abuse
SCR = Selective Capital Repayment (Privatisation)