Believe when institutional investors study thins stock n realise how undervalued it is nta above rm8 and making good profits it could be the second Heng Yuan. Price could start shpot up lo . Anything below rm4 is super cheap .
Excellent profit!!! With highest revenue. Latest quarterly financial result is 29.18cent. The NAV is RM9.29. Due to tight food supply, next quarter financial result is optimistic to be very good indeed.
Co. proposes to exchange its subsidiary holding a 49% stake in a co. worth $4.419 mil in net assets & its entire shareholding in Kuchai worth $21.03 mil @ the last mkt price with another co. owned by an associate that holds a Mayfair London luxury flat(Flat 6) worth at least $32 mil in the current market, a flat that matches its adjoining property(Flat 5) bought in Apr 1997 worth about the same price.
All 3 companies in the stable have no reason to stay listed. They are all net cash and trade at way below NAV. With S Bagan having the biggest discount count of
Based on SGX AR (GE), Kuchai & Sg Bagan hold 3.032M & 1.733M of Great Eastern Shares respectively.
Stake for Kuchai & Sg Bagan estimate around RM 197M & RM 112M based on my own estimate calculation as compare to their present mkt cap around 227.7M & 238.8M respectively.
dompeilee Most M'sians also gong gong one...'invest' in unit trust happily pay $550 FEES to """professional"" gambler for every $10k they put in...now many down 40-60% in a few years, don't hv the guts to phone the cunn!ng fund manager to scold them for wasting assets...10 ppl pay his fees already he can jiak pa pah already...get paid for the privilege of playing with your hard-earned $...
Even worse, they dump the losing hopeless stocks into your unit trust but allocate the winners into their own proprietary portfolio...this AlexSUU(Kmouse is no less greeedy than Jho low...pay insufficient to even fill his car with petrol for 1 month but wanna hantam & all-in to earn $20k or more within a year LOL! 05/11/2021 4:13 PM
BODOH DOMPEILEE... MALAYSIAN ARE NOT GONG GONG PLS!! 16/11/2021 12:10 PM
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.
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Posted by Snake > 2020-08-28 13:26 | Report Abuse
CPO Rm2,100-2,200 breakeven cost for planter
Today CPO opening @Rm2,784