Posted by AhPek > 2024-04-18 17:15 | Report Abuse

Is this a good deal for KDB's shareholders?

Posted by KarmaPrince > 2024-04-22 09:46 | Report Abuse

Just look at the price chart of these companies for the last 20 years then you decide whether these companies fit your investment criteria.

Posted by dompeilee > 2024-04-23 10:21 | Report Abuse

Soon...$1.80, then $1.90...tgt is $2 at least, at which point, the return on capital is still 53%, far higher than the 29% just before the ex-date of the previous SBagan shr distribution!

Posted by dompeilee > 2024-04-25 16:22 | Report Abuse

Prediction fulfilled!!! Another bullseye!!!🎯🎯🎯 I can now terminate another $8,595.68 of margin loans on Kuchai if I so choose!🙆✌🍾 POOR CharlesT can go fly LOSERS' kite...🎃

Posted by dompeilee > 2024-04-29 17:06 | Report Abuse

YIPPeeeeeEEEEEE!!! Equal 2024 high( & 8 year high to boot!)!!! $2.00 by 8th May!!! Another bonus is that it looks like nobody else is here...the less participants( ie speculators), the higher it can rise!🤗

Posted by hhhiii123 > 2024-04-29 17:31 | Report Abuse

Just buy then fly lol?, seem like only sky is the limit

Posted by AhPek > 2024-05-07 15:32 | Report Abuse

How's the outcome of the EGM?

Posted by dompeilee > 2024-05-07 17:51 | Report Abuse

Approved by 92.72% in favour margin.

Posted by speakup > 2024-05-07 21:15 | Report Abuse

besok Limit Up?

Posted by hhhiii123 > 2024-05-07 21:20 | Report Abuse

hope so, almost no momentum lol

Posted by jusztpu2ra > 2024-05-10 14:56 | Report Abuse

whats the TP?

Posted by Diamond7 > 2024-05-10 14:56 | Report Abuse

Up up...
Up non stop!

Posted by Diamond7 > 2024-05-10 14:57 | Report Abuse

222 x SBagan

222 x RM5.70

Posted by dompeilee > 2024-05-10 15:08 | Report Abuse

TRIPLE Jackpot for me! Great Eastern bought last yr Mar for S$17.52☝ Kuchai bought 64 lots since 2022 @ $1.78 avg incl margin interest✌ & SBagan bought 10 lots since 2015 @ $3.11 avg!💰💰💰

Posted by dompeilee > 2024-05-10 15:59 | Report Abuse

Averaged UP @ 2.08 just now. As a point of interest, Kuchai's holdings in Great Eastern @ the takeover price alone is worth 2.13, not including the 66-68c in cash per shr once the latter's dividend is credited & disregarding all the other assets(Emerald Hill S'pore shophouse & 8 ha Semenyih land)

Posted by GS > 2024-05-11 08:10 | Report Abuse

anyone have the details for the following? kindly share.

from The Edge Malaysia Weekly : "Kuchai shareholders missed out on bonanza by a mere two days "

Posted by dompeilee > 2024-05-11 11:31 | Report Abuse

I'm disappointed by the CAP AYAM standard of the Edge's articles(which is why I have refused to buy a single copy of their publications since 2016...crammed with dvmb ads!) The shareholders' approval was given 4 days ago BUT the deal needs to wait until 3Q '24 to be completed. There's still room for adjustments since the OCBC takeover could be completed b4 then so the 188 mil equities specified in the original deal could turn into 263.9 mil CASH which is a significant difference from the balance sheet position when the deal was entered into. Furthermore, many minority Great Eastern holders are dissatisfied that the deal is proposed @ 0.8 X the fair value of the biz, so the offer could potentially go UP ! OCBC failed to take it over in 2004 & 2006 so I doubt they won't raise the bid just to get it RIGHT this time...

Posted by lionel messi > 2024-05-13 17:13 | Report Abuse

How will Kuchai shareholders benefit from this deal? Will they miss out completely after the recent EGM?

Posted by dompeilee > 2024-05-13 17:17 | Report Abuse

Like I said, the transfers of ownership have presumably not yet been executed as the EGM approval has to precede it & that approval was only obtained 6 days ago. The latest dividend from 3.032 million GEastern shrs will be credited to Kuchai, NOT SBagan.

Posted by star899 > 2024-05-14 07:29 | Report Abuse

Whether the deal could go through would not matter much.
Through the various proposals from the holding and associated companies, we can visualize how valuable and precious the assets are owned by Kuchai !!!
In other words, the share price might not have reflected its intrinsic value which only the insiders can know before the revaluations.

Posted by lionel messi > 2024-05-14 07:46 | Report Abuse

Thanks dompeilee and star899. Great insight. Much appreciated.

Posted by dompeilee > 2024-05-14 09:27 | Report Abuse

dompeilee

Averaged UP @ 2.08 just now. As a point of interest, Kuchai's holdings in Great Eastern @ the takeover price alone is worth 2.13, not including the 66-68c in cash per shr once the latter's dividend is credited & disregarding all the other assets(Emerald Hill S'pore shophouse & 8 ha Semenyih land)
3 days ago


Took some contra profit on Kuchai @ 2.30-2.35

Posted by Diamond7 > 2024-05-18 21:29 | Report Abuse

# Dompeilee
Congrats!
You took profit at 230/235

Cooling period....

Posted by lionel messi > 2024-05-20 11:44 | Report Abuse

What has KSeng got to do with this?

Posted by Soliday > 2024-05-20 17:50 | Report Abuse

looking positive, monitor awhile

Posted by Diamond7 > 2024-05-26 19:11 | Report Abuse

Kuchai Development, will distribute the Sg Bagan shares to shareholders . It will distribute the shares on the basis of 222 Sg Bagan shares for every 1,000 Kuchai Development shares held.

Posted by dompeilee > 2024-05-27 06:56 | Report Abuse

That's why the Edge is dvmb...cap ayam reporting...this deal is not a win-lose deal: it's win-win for both companies.If SBagan continues to rise, Kuchai shareholders will get MORE so the OCBC takeover benefits both enormously!

Posted by lionel messi > 2024-05-27 08:30 | Report Abuse

I think coming from the angle that Kuchai could have gotten more. Is there any possibility of adjustment or go around certain conditions to what was agreed at the EGM so that Kuchai will get a fairer deal?

Posted by AhPek > 2024-05-27 10:53 | Report Abuse

Sg Bagan will take over all assets and liabilities of Kuchai. All benefits are going to Sg Bagan. Kuchai is just a shell company. Might as well buy Sg Bagan in the open market rather than wait for that 222 shares.

Posted by AhPek > 2024-05-27 10:55 | Report Abuse

90%+ supported the resolution during the EGM. There is no going back.

Posted by zildjian > 2024-05-27 14:55 | Report Abuse

at the end kuchai become below RM0.800 ?

Posted by dompeilee > 2024-05-27 17:08 | Report Abuse

Great Eastern closes UP 73c on the SGX on fairly high vol of 165,100 shrs, nearly 3% above OCBC's offer. This can only be good for both Kuchai & SBagan as they are unlikely to need to accept the bid & can keep the viable option to sell on the open market instead.

Posted by lionel messi > 2024-06-27 14:36 | Report Abuse

Cut off date extended till 29 Oct 2024 is positive for Kuchai.

Posted by AhPek > 2024-06-28 15:51 | Report Abuse

Can Kuchai's shareholders still negotiate for a better deal from Sg Bagan after they have voted for the resolution?
Extending the date will not make any difference to the resolution. .

Posted by Diamond7 > 2024-06-29 15:07 | Report Abuse

Kuchai is still holding the GE shares

Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???

Posted by AhPek > 2024-06-30 00:28 | Report Abuse

Based on the approved resolution, Sg Bagan will definitely take over the assets and liabilities of Kuchai first before they will sell their GE shares to OCBC. I don't think Sg Bagan will allow Kuchai to sell direct to OCBC.

Posted by Diamond7 > 2024-06-30 17:48 | Report Abuse

July 12 th closing date!!!!

Posted by AhPek > 2024-07-12 23:13 | Report Abuse

Seen the latest announcement?

Posted by Diamond7 > 2024-07-13 17:41 | Report Abuse

GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months

Posted by Ahthau > 2024-08-02 12:07 | Report Abuse

Any chance Kuchai receive Great Eastern dividend declare recently ?

Posted by lionel messi > 2024-08-06 21:07 | Report Abuse

Sure. The GE shares are still residing in Kuchai.

Posted by BE_GREEEEEDY > 2024-08-10 10:35 | Report Abuse

potential $$$$$😋

Posted by Soliday > 2 months ago | Report Abuse

Result good, KUCHAI is back

Posted by AhPek > 2 months ago | Report Abuse

High volume lately. Something interesting coming?

Posted by Diamond7 > 1 month ago | Report Abuse

Wa
Why give 20 cents dividend?

Posted by Diamond7 > 1 month ago | Report Abuse

After the swap with SBagan
Kuchai will be a cash rich shell company!

Will SBagan be privatise after the swap?????

Posted by AhPek > 1 month ago | Report Abuse

Hope so. After the swap, Sg Bagan NTA should be around RM13, right???

Posted by dompeilee > 1 month ago | Report Abuse

Jumped into 25,000 Kuchai total @ $2.07 at the open.

Posted by dompeilee > 1 month ago | Report Abuse

Transfer of assets & SBagan shares finalized! Now just waiting for ex-date for 0.222 SBagan shares in exchange for each Kuchai share to be fixed...

Posted by Diamond7 > 1 month ago | Report Abuse

@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up

Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!