SUNGEI BAGAN RUBBER CO (M) BHD

KLSE (MYR): SBAGAN (2569)

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Last Price

4.74

Today's Change

-0.04 (0.84%)

Day's Change

4.73 - 4.85

Trading Volume

5,300


3 people like this.

176 comment(s). Last comment by Diamond7 4 days ago

Diamond7

2,193 posts

Posted by Diamond7 > 2022-02-13 00:04 | Report Abuse

Moving up up again
Plantation stocks in radar!

dompeilee

11,888 posts

Posted by dompeilee > 2022-09-22 17:22 | Report Abuse

Chart looks very promising again...perhaps will shoot up to $4 again on 1st anniversary of 52-wk hi of $4.30

TheContrarian

8,567 posts

Posted by TheContrarian > 2023-02-28 17:30 | Report Abuse

QR out, impressive results.

dompeilee

11,888 posts

Posted by dompeilee > 2023-03-07 17:14 | Report Abuse

Co. keeps buying back shares at 30,000 a pop from desperate sellers who have neither holding power, nor patience, nor perhaps liquid funds lol

dompeilee

11,888 posts

Posted by dompeilee > 2023-03-07 17:16 | Report Abuse

With a cash kitty of $161 mil, it can afford to mop up ALL its own remaining free float of shares at significantly higher prices & STILL have $50mil leftover!!!

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-02 09:06 | Report Abuse

!🤗🤗🤗!

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-02 09:58 | Report Abuse

Sold off all Kuchai, still holding on to SBagan.

ACE9696

185 posts

Posted by ACE9696 > 2024-01-02 10:40 | Report Abuse

sell 1st, 走得快好世界

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-02 12:42 | Report Abuse

The proposal is a very good deal for SBagan as they will issue shares at very high price above RM10 to buy all assets of Kuchai which include Great Eastern shares.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-02 14:54 | Report Abuse

LIMIT UP!!! I still have 179 lots!

Syndicates

863 posts

Posted by Syndicates > 2024-01-02 14:55 | Report Abuse

this one LU lagi make sense

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-02 15:00 | Report Abuse

The higher SBagan soars, the more valuable the shr dividend to be paid by Kuchai!

ACE9696

185 posts

Posted by ACE9696 > 2024-01-02 15:29 | Report Abuse

SUNGAI BAGAN target price RM23.000 & above…. horse year

Posted by SeekUndervalued > 2024-01-03 21:53 | Report Abuse

How high will SBagan goes up? RM 23 not possible… Or RM 4.24 is the limit for this share?

taitaumau

275 posts

Posted by taitaumau > 2024-01-04 09:14 | Report Abuse

Prior to this proposed acquisition, historical high for SB since 2006 is around 3.96 !

Posted by SeekUndervalued > 2024-01-04 12:48 | Report Abuse

Hmmm, I will avoid this counter then. The volume is too less as well as the dividend.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-04 18:04 | Report Abuse

The historic high is NOT 3.96. That figure is AFTER adjusting for all the dividends & share dividends since then. The actual market price peaks were $4.90 in 1995-1997, $5.70 in 2004, $10.65 in 2005(a very brief ex-bonus peak) & $4.18 in 2018.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-05 08:57 | Report Abuse

My Sungei Bagan realized earnings cross the $5k mark reaching $5,671.82 since '13 after earning ZERO last year when it was comatose ALL YEAR LONG & margin interest piled up on a small stake re-purchased too high in Oct '21!

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-05 19:54 | Report Abuse

I have made slightly more than RM170k in realised gains from the stock market so far until end of last year. Yet to account for the gains I made this week from Kuchai. :-)

Dehcomic01

297 posts

Posted by Dehcomic01 > 2024-01-09 16:37 | Report Abuse

According to the Efficient Market Hypothesis, the market price reflects the “true” value of a company as it incorporates all known information. Behind this is the “wisdom of the crowd” concept. This is the idea that large groups of people are collectively smarter than individual experts when it comes to problem-solving and predicting.

Take the example of Sg Bagan Rubber, a Bursa plantation company. When you look at the ROE and share price trend, you can see the share price spiking currently. The last time it occurred was in mid 2021 when the ROE peak. https://i.postimg.cc/Xvqx0kJ4/Sg-Bagan.png
I suspect that it is because of the proposed takeover of Kuchai Dev. Is the market predicting that the coming ROE will be higher than 7.5 % because of the Kuchai Dev?
I think that the wisdom of the crowd does not apply to projecting business performance. If any, it probably applies to market price.

But then the wisdom of the crowd only works if every individual in the crowd thinks independently. I am have my doubts about this independent thoughts when it comes to the stock market. I think herd and lemming behaviour are more likely.

So what can you make about the Sg Bagan market price? I am more inclined to see it as herd behaviour rather than the wisdom of the crowd.

When it comes to is business performance, I rather trust a fundamental analysis rather than the wisdom of the crowd. While I have yet to do a fundamental analysis of Sg Bagan I think that its current business underperformed KLK, my reference Bursa Plantation sector. Secondly, as my analysis of the property sector has shown, it is not an automatic ticket to making money. https://www.youtube.com/watch?v=Wn4p31y0CUQ

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-11 20:58 | Report Abuse

Really pity Dehcomic01, wrote so long but SBagan continues to rise.

Posted by zildjian > 2024-01-11 22:32 | Report Abuse

lol

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-11 23:40 | Report Abuse

Some more got post YouTube.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-15 10:24 | Report Abuse

FRESH 18 YEAR HIGH!!! OMG OMG!!!🍻🏹💰

TheContrarian

8,567 posts

Posted by TheContrarian > 2024-01-15 13:10 | Report Abuse

Really pity Dehcomic01, SBagan price continues to outperform KLK.

Diamond7

2,193 posts

Posted by Diamond7 > 2024-01-15 15:53 | Report Abuse

Any corporate exercise after this?
Any bonus issues ?
Any share splits?

Diamond7

2,193 posts

Posted by Diamond7 > 2024-01-15 15:54 | Report Abuse

Can touch RM10.01?

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-15 15:58 | Report Abuse

Well well WELL!!!🤑💰💰💰😊 The first time ABOVE $5 since April 2005!!!

speakup

25,007 posts

Posted by speakup > 2024-01-15 20:51 | Report Abuse

Buy rm5, sell rm10. A double bagger

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-16 08:44 | Report Abuse

I would peg the probability of this baby visiting the $6 mark or higher @ 62-38.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-19 10:38 | Report Abuse

This one has stopped rising, but my dearest Kuchai is very strong & inching higher, as though whoever wanted to sell has already sold all !📈🤗

dompeilee

11,888 posts

Posted by dompeilee > 2 months ago | Report Abuse

Who is/are these id iots selling 100 shrs continuously since 9:08 am???

Diamond7

2,193 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Up.sgain?
What is the latest news?

TheContrarian

8,567 posts

Posted by TheContrarian > 1 month ago | Report Abuse

They are probably going to call for EGM.

Diamond7

2,193 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD I. PROPOSED ACQUISITION; II. PROPOSED KDB EXEMPTION; AND III. PROPOSED KRCB EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Diamond7

2,193 posts

Posted by Diamond7 > 3 weeks ago | Report Abuse

We refer to the announcements dated 29 December 2023, 28 February 2024, 1 March 2024 and 18 March 2024 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.



On behalf of the Board, AmInvestment Bank wishes to announce that Bursa Securities had vide its letter dated 22 March 2024 approved the listing and quotation of up to 27,519,500 new Shares to be issued pursuant to the Proposed Acquisition

speakup

25,007 posts

Posted by speakup > 3 weeks ago | Report Abuse

limit up today?

Diamond7

2,193 posts

Posted by Diamond7 > 2 weeks ago | Report Abuse

KDB shareholders entitled to Sg Bagan shares and existing Sg Bagan shareholders will now have exposure to a total of 4.76 million Great Eastern shares, which is roughly worth RM290 million based on Great Eastern’s closing price of S$17.78 last Thursday and exchange rate of 3.40 against the Singapore dollar.

At RM290 million, the value of the Great Eastern shares alone exceeds Sg Bagan’s market capitalisation of RM271.96 million.

Putting capital appreciation aside, Great Eastern also provides a consistent stream of dividend income to its shareholders. In the last three financial years, the insurer has doled out dividends per share of 60 to 65 Singapore cents.

Apart from Great Eastern, KDB shareholders would also gain exposure to Sg Bagan’s other investments, being two units of residential flats located in Mayfair, London valued at a total of RM73 million and Sg Bagan’s core business in the oil palm plantations that spans over 4,000 acres.

It is interesting to note that more may be in store for KDB shareholders in the future.

Diamond7

2,193 posts

Posted by Diamond7 > 5 days ago | Report Abuse

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION")

dompeilee

11,888 posts

Posted by dompeilee > 5 days ago | Report Abuse

🤗 Resolution has a 98% chance of going through successfully!! Kuchai can aim for $2 before May 7th!

Diamond7

2,193 posts

Posted by Diamond7 > 5 days ago | Report Abuse

Sbagan looks good
Moving up steadily!
Valued at RM10.01

Diamond7

2,193 posts

Posted by Diamond7 > 5 days ago | Report Abuse

@dompeilee
Congrats!
Touch RM4.95

Strong...
Very strong!...

dompeilee

11,888 posts

Posted by dompeilee > 4 days ago | Report Abuse

@Diamond7 Thanks! This one really try my patience also...2 1/2 years since I re-purchased it after it fell from $4.10 to $3.60+

dompeilee

11,888 posts

Posted by dompeilee > 4 days ago | Report Abuse

TOPPPPP Gainer 2day...the 1st time since early Jan, beating out overhyped, far more expensive stocks like KLK & PetDag & defying the overwhelmingly bearish tone with almost 1,000 LO$ing stocks!😃

Diamond7

2,193 posts

Posted by Diamond7 > 4 days ago | Report Abuse

Tmoro
Another new high!

TheContrarian

8,567 posts

Posted by TheContrarian > 4 days ago | Report Abuse

I will hold my SBagan until RM10.

Diamond7

2,193 posts

Posted by Diamond7 > 4 days ago | Report Abuse

@Contrarian
Wah n wah!

Good luck!

More may be in store for SBagan shareholders after this!

"WE" hold till bonus issues are out!

Diamond7

2,193 posts

Posted by Diamond7 > 4 days ago | Report Abuse

Will directors privatise Sg Bagan since most of the assets are parked here?” market observers are asking!

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