AJINOMOTO (M) BHD

KLSE (MYR): AJI (2658)

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Last Price

17.20

Today's Change

-0.14 (0.81%)

Day's Change

17.12 - 17.24

Trading Volume

16,500


8 people like this.

1,584 comment(s). Last comment by Nepo 2 days ago

fortunefire

1,326 posts

Posted by fortunefire > 2023-07-21 09:57 | Report Abuse

the power of special dividend

DestinyL

4,694 posts

Posted by DestinyL > 2023-07-21 10:24 | Report Abuse

Those who missed the boat will moan, let them show their regrets by saying otherwise bah

James_Bond

2,240 posts

Posted by James_Bond > 2023-07-21 11:56 | Report Abuse

Taking MSG will to toxic effects to our bodies such as CNS disorder, obesity, disruptions in adipose tissue physiology, hepatic damage, CRS and reproductive malfunctions! OMG! OMG! OMG!

No wonder my body keeps on rejecting Ajinomoto (MSG) flavoring!

DestinyL

4,694 posts

Posted by DestinyL > 2023-07-21 12:11 | Report Abuse

Ahah, here comes the sour grape! Please go on...

Bullcoming

817 posts

Posted by Bullcoming > 2023-07-24 10:45 | Report Abuse

Expect go much higher, 18 and beyond?

MG9231

730 posts

Posted by MG9231 > 2023-07-24 11:28 | Report Abuse

利字出尽,可要见好就收

nicky

3,346 posts

Posted by nicky > 2023-07-24 14:02 | Report Abuse

James Bond scared of MSG.. ??? What a joke. If MSG so toxic then why Japanese still have long life compared to other countries,,,... ??? think before you commend.

Nepo

3,235 posts

Posted by Nepo > 2023-07-26 11:30 | Report Abuse

Stay firm & calm
Don't be washed out.
After this perfect storm, sure promising future is awaiting for you..
latest price RM16.32, leave a track record here..

DestinyL

4,694 posts

Posted by DestinyL > 2023-07-26 11:34 | Report Abuse

Might still drop below 16, many never heard of the saying market favors the patient ones

MG9231

730 posts

Posted by MG9231 > 2023-07-26 11:57 | Report Abuse

News out ,special dividend on land disposal already priced in, time to take profit!

Nepo

3,235 posts

Posted by Nepo > 2023-07-26 12:04 | Report Abuse

yes, patience is a good one.
Another characteristic you need to have is go against humanity.
If you can do that then you can get twice the result with half the effort.
try it..it gonna to be interesting..

stoneage

40 posts

Posted by stoneage > 2023-07-26 12:08 | Report Abuse

how to go against humanity?

Nepo

3,235 posts

Posted by Nepo > 2023-07-26 12:16 | Report Abuse

How to go against humanity?
It is a simple Warren Buffet investing rule:
Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

Pls take note the above statement is only apply to good companies.

Nepo

3,235 posts

Posted by Nepo > 2023-07-26 14:57 | Report Abuse

This stock has one advantage over other stocks because of its new factory at Bandar Enstek, Negeri Sembilan. It is a Halal Hub where any Aji Products exported will have defined years of tax exemption.

Nepo

3,235 posts

Posted by Nepo > 2023-07-26 15:57 | Report Abuse

Poor people like me definately need to take the risk.
if not, your next generations, most probably have more difficult life because of lesser chance..
that is y i called myself anonymous warrior

Nepo

3,235 posts

Posted by Nepo > 2023-08-01 08:33 | Report Abuse

The Disposal Consideration is further supported by the valuation certificate dated 20 July 2023.
The Disposal Consideration represents a 12.09% premium to the market value of the Subject
Property of RM364,000,000 as appraised by the independent property valuer, namely CBRE WTW
Valuation & Advisory Sdn Bhd (“CBRE” or “Valuer”) as at the date of valuation on 5 July 2023 vide
its valuation certificate.

Nepo

3,235 posts

Posted by Nepo > 2023-08-01 08:37 | Report Abuse

After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50

Nepo

3,235 posts

Posted by Nepo > 2023-08-01 08:38 | Report Abuse

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.

Nepo

3,235 posts

Posted by Nepo > 2023-08-02 08:25 | Report Abuse

8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities

Nepo

3,235 posts

Posted by Nepo > 2023-08-02 08:31 | Report Abuse

2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”

c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)

This Announcement is dated 20 July 2023

Nepo

3,235 posts

Posted by Nepo > 2023-08-02 08:46 | Report Abuse

After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.

as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000

Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000

total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000

=203857000/60799000
=RM3.35 per shares

Nepo

3,235 posts

Posted by Nepo > 2023-08-02 08:48 | Report Abuse

Now the most important thing is the disposal of land need to be successfully complete as scheduled..

Posted by wallstreetrookieNEW > 2023-08-07 18:32 | Report Abuse

Why are you copy and pasting the entire SPA lol

Posted by wallstreetrookieNEW > 2023-08-07 18:32 | Report Abuse

All time high imminent

Nepo

3,235 posts

Posted by Nepo > 2023-08-25 08:18 | Report Abuse

30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000

Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%

James_Bond

2,240 posts

Posted by James_Bond > 2023-09-01 07:34 | Report Abuse

Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!

James_Bond

2,240 posts

Posted by James_Bond > 2023-09-01 07:37 | Report Abuse

Malaysia gov should stop all tax incentives to all Japanese companies for such selfish acts!

Dehcomic01

286 posts

Posted by Dehcomic01 > 2023-09-01 08:06 | Report Abuse

Over the past few years, the ROE of this company has gone below 10% despite growing revenue. Has it lost control of its gross margins? Not a good sign

MG9231

730 posts

Posted by MG9231 > 2023-09-01 09:30 | Report Abuse

Inflated cost with artificial transfer pricing at the expense of minority shareholders

alan26334

45 posts

Posted by alan26334 > 2023-09-03 15:46 | Report Abuse

support by up coming special dividen rm2.1 or 13% at share price rm16

alan26334

45 posts

Posted by alan26334 > 2023-09-03 15:49 | Report Abuse

business profit also start recover, more gain to come

Nepo

3,235 posts

Posted by Nepo > 2023-09-04 11:09 | Report Abuse

too bad, nuclear waste dumping
japanese co image tarnish
worst still if raw materials contaminated..

Nepo

3,235 posts

Posted by Nepo > 2023-09-05 08:18 | Report Abuse

Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..?
So why we worry for the recent downtrend..
top up some @ RM 15.90 rare opportunity

Nepo

3,235 posts

Posted by Nepo > 2023-09-07 10:38 | Report Abuse

top up some @ RM15.60

Nepo

3,235 posts

Posted by Nepo > 2023-10-06 11:07 | Report Abuse

Top up some RM 15.44

Nepo

3,235 posts

Posted by Nepo > 2023-10-07 08:28 | Report Abuse

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024
Completion of the Proposed Disposal End March 2024

stockraider

31,527 posts

Posted by stockraider > 2023-10-07 10:21 | Report Abuse

The disposal of land & a very special div payout very attractive mah!

DestinyL

4,694 posts

Posted by DestinyL > 2 months ago | Report Abuse

From now on, only can go up not down lol

Nepo

3,235 posts

Posted by Nepo > 2 months ago | Report Abuse

AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.

Nepo

3,235 posts

Posted by Nepo > 2 months ago | Report Abuse

When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.

Nepo

3,235 posts

Posted by Nepo > 2 months ago | Report Abuse

after roller coaster for so many times, already squeeze out short-term trader almost completely.
leaving behind are almost the mid to long-term holders
your patience will be well rewarded..

Nepo

3,235 posts

Posted by Nepo > 1 month ago | Report Abuse

Now you can relax and enjoy you coffee and let the money autopilot to generate your passive income

stockraider

31,527 posts

Posted by stockraider > 4 weeks ago | Report Abuse

The disposal of kuchai lama land will bring alot of profits for ajinomoto , this will mean rerating of ajinomoto share price & good special dividend coming mah!

Nepo

3,235 posts

Posted by Nepo > 1 week ago | Report Abuse

The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023------->Passed
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024-------> Passed
Completion of the Proposed Disposal End March 2024------>ongoing

Posted by CorporateProposal > 1 week ago | Report Abuse

@Nepo what will be your TP post completion

Nepo

3,235 posts

Posted by Nepo > 6 days ago | Report Abuse

Hi @Corporate

I m a long-term investor. I hold Aji for long-term. As long as:
(1) Aji continues to growth(Middle East market), then i will keep the shares.
(2) If no growth, then Aji should give at least 4% dividend.

In short, If Aji can't give me above two conditions, then i will sell regardless what the share price is..

At the moment, primarily reason I hold Aji because i hope for growth from the Middle East Halal market..

Nepo

3,235 posts

Posted by Nepo > 5 days ago | Report Abuse

Probably today will explode to RM 17.50..

Posted by CorporateProposal > 5 days ago | Report Abuse

@Nepo I think engine probably start fully next week. Next QR expected end next week, hope for better QR and some good announcement.

Nepo

3,235 posts

Posted by Nepo > 2 days ago | Report Abuse

@Corporate, you spot on😃

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