SUNGEI BAGAN's revenue was made up of sales of fresh fruit bunches (“FFB”), dividend income, rental income and interest income. The bulk of the Group’s investments are held in companies listed in the Mainboard of both Bursa Malaysia and Singapore Exchange. The Company’s has positions in Kuchai Development Berhad, Great Eastern Holdings Limited and Singapore Press Holdings Limited.
Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -15.99 sen to 5.56sen.Its earnings mostly has been affected by high operating costs in the latest financial year. Dividend payout in the 2019 financial year totalled 2 sen per share, which corresponds to a dividend yield of 0.69%.
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
Premium clients know that I advised them 2 accumulate below $3.36 from last week onwards. However, today's movement was shockingly sudden even to me! =)
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.
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....
Diamond7
2,359 posts
Posted by Diamond7 > 2019-07-26 02:17 | Report Abuse
Wa!
Kuchai up...
Kluang up....
SBagan oso up....
Why? Why?
Any bonus?