SUNGEI BAGAN RUBBER CO (M) BHD

KLSE (MYR): SBAGAN (2569)

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Last Price

5.84

Today's Change

+0.10 (1.74%)

Day's Change

5.76 - 5.85

Trading Volume

111,800


3 people like this.

300 comment(s). Last comment by Diamond7 1 hour ago

dompeilee

11,888 posts

Posted by dompeilee > 2024-08-01 10:03 | Report Abuse

SOLD 1 lot @ $6.34 to secure my 992nd consecutive capital gain day since July 29th 2020!🤗

calvintaneng

57,853 posts

Posted by calvintaneng > 2024-08-03 00:41 | Report Abuse

Poor dompeilei got tunnel vision
She CANNOT see Value in TSH RESOURCES

UNDERSTANDING DIFFERENT FORMS OF VALUE IN VALUE INVESTING, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-03-story-h-155170407-UNDERSTANDING_DIFFERENT_FORMS_OF_VALUE_IN_VALUE_INVESTING_Calvin_Tan

Diamond7

2,425 posts

Posted by Diamond7 > 2024-08-04 13:20 | Report Abuse

KUALA LUMPUR (June 26): The cut-off date for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (KL:SBAGAN) in return for a 29.37% stake in Sungei Bagan has been extended by four months to October 29.

The two companies on Wednesday signed a supplemental letter for the extension, according to Kuchai and Sungei Bagan's filings with the stock exchange, which did not specify the reason for the extension.

Diamond7

2,425 posts

Posted by Diamond7 > 2024-08-04 13:22 | Report Abuse

This swap benefits SBagan...
Time will tell!

Ovantage

10 posts

Posted by Ovantage > 2024-08-13 11:24 | Report Abuse

Delisted share maybe big problem for sg Bagan, I still holding shares of Ytl land, nstp just to name a few..no dividends even annual report for delisted Share holders.

Ovantage

10 posts

Posted by Ovantage > 2024-08-13 11:25 | Report Abuse

Hope this don’t happen to sbagan.. else it’s upto Ocbc to declare how much dividends to shareholders if any..

Ovantage

10 posts

Posted by Ovantage > 2024-08-13 11:26 | Report Abuse

Since not listed, can have flexibility to do anything they want

AhPek

142 posts

Posted by AhPek > 2024-08-13 17:51 | Report Abuse

Sg Bagan got💪💪💪. Don't think OCBC can bully them.

Ovantage

10 posts

Posted by Ovantage > 2024-08-13 20:55 | Report Abuse

Don’t think so.. only 1 % holding in geh.. upto to people to fish meat.

AhPek

142 posts

Posted by AhPek > 2024-09-24 01:12 | Report Abuse

The swap has been sealed. Just wait for the cut-off date. Good for Sg Bagan's shareholders.

multi530

346 posts

Posted by multi530 > 2024-09-24 11:58 | Report Abuse

wondering SBagan to sale Great Eastern or not.

multi530

346 posts

Posted by multi530 > 2024-09-24 11:58 | Report Abuse

if not, share price may be stand above RM6

AhPek

142 posts

Posted by AhPek > 2024-09-24 16:32 | Report Abuse

Hope they sell and distribute to shareholders.

Diamond7

2,425 posts

Posted by Diamond7 > 2024-10-04 14:46 | Report Abuse

I hope the great Eastern deal will go through too!
Let's wait patiently..!

Anyway
The swap with kuchai oso excellent!!!

Diamond7

2,425 posts

Posted by Diamond7 > 2024-10-04 14:47 | Report Abuse

Hopefully after this exercise
SBagan will have implement some cooperate exercise to energise this stock!

taitaumau

277 posts

Posted by taitaumau > 2024-10-05 16:39 | Report Abuse

Ref. SB 4Q report (ending 30/6/24) released on 28/8/24
As in the past, GE shares are classified as investment under non-current assets.
So, may i assume that SB has no intention to dispose of the shares within 1 year ?
Any possibility that the shares be re-classified as current assets b4 auditor sign off his report ? ? ?

multi530

346 posts

Posted by multi530 > 2024-10-08 13:58 | Report Abuse

dont worry too much, Annual reports is going to announce soon, just watch out.

mf

29,877 posts

Posted by mf > 2024-10-08 14:22 | Report Abuse

IDF eliminates Hezbollah's Suhail Hussein Husseini, commander of terror group's headquarters
Story by JERUSALEM POST STAFF • 1h • 1 min read

Diamond7

2,425 posts

Posted by Diamond7 > 2024-10-11 08:21 | Report Abuse

What will happen to SBagan after the swap?
Will they sell the great Eastern shares to OCBC ?

Ahthau

5 posts

Posted by Ahthau > 2024-10-13 15:09 | Report Abuse

Any dividend declare this few days ?

Diamond7

2,425 posts

Posted by Diamond7 > 2024-10-13 21:56 | Report Abuse

SBagan is cash rich!
Think the dividend yield will be good!

dompeilee

11,888 posts

Posted by dompeilee > 2024-10-14 19:17 | Report Abuse

Disappointing dividend of 8c...less than 1.4% yield. My original stake already > DOUBLED so I'll hang on to as many shares as possible while awaiting my stake in Kuchai to give me more! Kuchai itself stands to receive $2.14 mil cash.

Diamond7

2,425 posts

Posted by Diamond7 > 2024-10-22 20:20 | Report Abuse

SINGAPORE (Oct 22): Great Eastern now has till Jan 24, 2025 to comply with the free float rule. The extension was announced on Monday, two days before the company’s previous deadline of Oct 23.

On Aug 2, Great Eastern said it had received approval from the Singapore Exchange Securities Trading that it had until Wednesday to explore options to restore its public float. The trading of shares in Great Eastern was suspended from 9am on July 15.

The company lost its free float on June 14, when offeror Oversea-Chinese Banking Corporation (OCBC) received 1.48 million shares — or 0.31% acceptances from shareholders — taking the bank’s total stake to 90.16%..

Still got HOPE!!!

Diamond7

2,425 posts

Posted by Diamond7 > 1 month ago | Report Abuse

SBagan
Sales on....

Will the Great Eastern OCBC deal go through?

Diamond7

2,425 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Among the three musketeers
SBagan is most undervalue
It now owns all the kuchai assets including the Great Eastern shares!

Will SBagan declare a bigger dividend?
Or bonus issues?
Will it be privatised?

multi530

346 posts

Posted by multi530 > 4 weeks ago | Report Abuse

Well, as the deadline of great eastern is closer, can I say SBgan no intention to sell it to OCBC cos not enough timing to have a EGM for approval.

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

SINGAPORE (Oct 22): Great Eastern now has till Jan 24, 2025 to comply with the free float rule.

Hopefully SBAGAN sells the Great Eastern shares to OCBC!

Otherwise I need to keep my SBagan shares for my grandson!

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

SBagan is the second largest shareholder of Great Eastern, owns about 1%.

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

If SBagan accepts the offer, OCBC will be allowed to compulsorily acquire the remaining Great Eastern shares currently held out by a few Singaporean individuals.

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

If the deal is closed
I expect SBagan to shoot up beyond RM10...

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

Prob SBagan will give bonus issues n special dividend...
Very cash rich then!

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

SBagan currently has Great Eastern shares worth RM430 million besides gold bullion of RM29 million.

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

With only 93 million shares in issue, just the GE shares and gold bullion provides RM5 support to its NTA

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

Only 93 million shares !
NTA is bout RM10.49
Good management
Cash rich assets!

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Anything brewing?

zildjian

40 posts

Posted by zildjian > 3 weeks ago | Report Abuse

kluang more terror then, only 63million shares

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Kluang satu Great Eastern share pun tak ada.

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Kluang's NTA are mainly its investment in SBagan.

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

We wait for more news!
Hopefully Great Eastern shares is sold to OCBC!
Will get big big harvest!
Dream big!

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

SBagan is kingmaker in Great Eastern with 1% shareholding. If they accept then OCBC can do complete 100%.

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

If Great Eastern shares sold it will fetch RM430,000,000. If paid out all as special dividend, it will come to how much?

AhPek

142 posts

Posted by AhPek > 3 weeks ago | Report Abuse

430m/93m =4.62

Diamond7

2,425 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

Vow
Special dividend of Rm4.30 per share!
Stock price will jump to 10/12 dollars!

TheContrarian

9,564 posts

Posted by TheContrarian > 3 weeks ago | Report Abuse

Will not jump to RM10/12, will just go limit up.

Diamond7

2,425 posts

Posted by Diamond7 > 2 weeks ago | Report Abuse

FORMER remisier Ong Chin Woo, who fought to unlock value for minority shareholders of Great Eastern earlier this year, has begun the next stage of his campaign.

In a letter dated Nov 15, Ong asked the board of OCBC to consider distributing all the Great Eastern shares the banking group holds.

By his reckoning, OCBC shareholders could receive approximately 98 Great Eastern shares for every 1,000 OCBC shares they own. Based on Great Eastern’s last traded price, this proposed distribution would be worth just over S$2.50 per OCBC share.

TheContrarian

9,564 posts

Posted by TheContrarian > 1 week ago | Report Abuse

OCBC in 2024 made a $1.4 billion bid to take full control of the 116-year-old insurer, its third attempt to do so since 2004. The bank held almost 94 per cent of Great Eastern after the takeover offer closed in July. That ownership level wasn’t sufficient for the insurer to delist or for OCBC to compulsorily acquire the rest of its shares.

The latest meetings signal that Singapore’s second-largest lender may still be exploring ways to secure full control of the company. OCBC can make a revised offer six months after the close of the previous offer, under the city-state’s takeover code.

“Any actions that we take will always be guided by the interests of OCBC and our shareholders,” the bank’s spokesperson said in response to queries from Bloomberg News, declining to comment on any meeting.

TheContrarian

9,564 posts

Posted by TheContrarian > 1 week ago | Report Abuse

SBagan is holding out for a revised higher offer of the Great Eastern shares. SBagan will sell but for the right price.

TheContrarian

9,564 posts

Posted by TheContrarian > 1 day ago | Report Abuse

Eventually SBagan will let go of Great Eastern, then with proceeds of RM430,000,000 there will surely be generous special dividend.

Diamond7

2,425 posts

Posted by Diamond7 > 1 hour ago | Report Abuse

Hopefully OCBC will offer a good n right price for SBagan 's Great Eastern shares n the deal will go through!
Good for everybody....
Happy ending!

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