Posted by Hush77 > 2020-10-22 11:00 | Report Abuse

according to bloomberg the first round of bidding close last friday.. hopefully got a good offer for PNB, and rest of the shareholders

Posted by gg_gal > 2020-10-22 11:43 | Report Abuse

haha why say that. you buy at 1.9 ah ?

Posted by Seeyounoup > 2020-10-22 15:28 | Report Abuse

buy back now. to cover the lost .

Posted by Seeyounoup > 2020-10-22 16:12 | Report Abuse

either u siam , or u average down , or stay penthouse. not a doom day . LOL

Posted by Hush77 > 2020-10-22 16:19 | Report Abuse

just wait for the offer...which should know real soon...
usually bloomberg source is very reliable....
moreover their NTA is 1.89.. offer should be higher than that at least..for PNB to sell..

Posted by Seeyounoup > 2020-10-22 18:19 | Report Abuse

maybe 2.5

Posted by tmore1 > 2020-10-23 16:21 | Report Abuse

heard > 2.50. possibly by month end

Posted by Hush77 > 2020-10-23 17:19 | Report Abuse

wait for the general offer.. which should be soon.
dont contra or if u cant pickup, dont buy...those with holding power only... :)

Posted by Seeyounoup > 2020-10-27 10:35 | Report Abuse

nice

Posted by jlong23 > 2020-10-27 11:06 | Report Abuse

Net Assets of 1.89 per share as of latest quarter report. Would expect PNB to accept offer price no less than RM1.89 per share from the buyer. Buyer required to offer GO so to keep the listing status, market price would rally past the offer price to fail the GO.

Plus, CCM's products used by glove co so it would not surprise me if the big glove co bid for CCM from PNB. Imagine if a few of the top glove co bid for CCM, RM2.50 to 2.60 possible.

Posted by tmore1 > 2020-10-27 18:34 | Report Abuse

that is exactly right bullrun. Meaning there is an opportunity for us now to accumulate. When the news is official and likely to, the share price will shoot up to the offer price and there will be no time to buy......

Posted by Solomon7 > 2020-10-28 20:43 | Report Abuse

Very interesting comment Bullrun18.

Posted by tmore1 > 2020-10-30 16:06 | Report Abuse

KLCI is down 2% today, many are down, CCM is up 4%. Clearly something is positively brewing

Posted by tmore1 > 2020-11-02 09:21 | Report Abuse

Up 10% this morning, more to come...

Posted by Hush77 > 2020-11-02 09:31 | Report Abuse

seems like news is coming out soon.. the bidding already few weeks ago

Posted by Hush77 > 2020-11-02 09:36 | Report Abuse

hopefully got a tussle between some big companies dealing with glove chemical or glove....
so PNB can get a good offer, and then they will need to make mandatory offer to rest of the shareholders.

Posted by tmore1 > 2020-11-02 09:40 | Report Abuse

sounds likely Hush. CCM is tiny as a percentage of any of the glovemakers' market cap.

Posted by tmore1 > 2020-11-02 09:41 | Report Abuse

and CCM is probably majority supplier of the chemicals to glovemakers. A takeover by Top Glove is not so good for the other big 3. A takeover fight is possible.

Posted by Hush77 > 2020-11-02 10:44 | Report Abuse

if ~1.5x NTA , then potential offer price = $3...

Posted by yiqqre > 2020-11-02 12:03 | Report Abuse

MCEHLDG (7004), another company that will be taken over.

Posted by Hush77 > 2020-11-02 14:14 | Report Abuse

the key thing about this stock is "patience".....

Posted by tmore1 > 2020-11-02 18:12 | Report Abuse

Question now is the control premium that buyer is willing to pay. PNB's stake sale is a controlling stake, usually a control premium above NTA is the practice.

Control premium here ranges frm 20-70% above NTA.
https://corporatefinanceinstitute.com/resources/knowledge/deals/control-premium/

Posted by dp_pupi > 2020-11-02 19:30 | Report Abuse

Good that CCM is slowly picking up. Hope it will reach 2.60!

Posted by kiongnkiong > 2020-11-03 15:46 | Report Abuse

no more power to go up

Posted by Hush77 > 2020-11-03 16:09 | Report Abuse

this counter its about "patience"...

Posted by kelvin17 > 2020-11-03 16:10 | Report Abuse

yesterday moved too fast , today rest and maintain well . tomorrow uptrend again ...

Posted by Hush77 > 2020-11-03 16:20 | Report Abuse

the key is "patience".. if u cant have patience , better stay out

Posted by Hush77 > 2020-11-03 17:36 | Report Abuse

this counter the key is "patience"..
it will test your mind.. haha

Posted by tmore1 > 2020-11-03 17:46 | Report Abuse

does not get clearer than this

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102169

Posted by kelvin17 > 2020-11-03 18:54 | Report Abuse

it is going to be a good news since he is going to acquire ccm shares from the market indirectly pushing the price higher

Posted by kelvin17 > 2020-11-03 18:55 | Report Abuse

currently he is not holding any share so he can only buy can not sell

Posted by Hush77 > 2020-11-03 21:21 | Report Abuse

Yes... "his intention to acquire the Company's shares  during closed period"....
Something is on ...

Again "patience" is the key...

Posted by dp_pupi > 2020-11-04 00:56 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102169

What will happen if someone bought X amount of shares? Will it increase CCM share price today??

Posted by TMT888 > 2020-11-06 16:19 | Report Abuse

Announcement soon?

Posted by tmore1 > 2020-11-06 18:09 | Report Abuse

for those paying attention, the recent bursa announcement seem to have a strongly positive hint on what is likely to happen in the short term

Posted by money1234 > 2020-11-12 15:59 | Report Abuse

tomorrow no announcement, all masuk ambulance

Posted by money1234 > 2020-11-12 15:59 | Report Abuse

looking at it, the surge is not there. leaving first. chao

Posted by tmore1 > 2020-11-12 16:08 | Report Abuse

whether announcement is tmr or end Nov, it does not matter as much as the CEO on the chemical side (Mukri bin Harun) buying at RM2.26-2.28 after the share price has rallied so much in the month. For those with at least half a brain, should know this is an obvious positive sign

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3104015

https://www.ccmberhad.com/leadership.php#management-team

Posted by Lich > 2020-11-12 16:22 | Report Abuse

false alarm.

Posted by Lich > 2020-11-13 10:36 | Report Abuse

Happy Diwali...have a nice weekend.

Posted by TMT888 > 2020-11-13 15:32 | Report Abuse

https://www.klsescreener.com/v2/news/view/753193

Posted by fruitcake > 2020-11-13 16:12 | Report Abuse

no need announcement. collect below 2.40 & dump the shxx back to them above 2.42

Posted by fruitcake > 2020-11-13 16:43 | Report Abuse

borrowed RM28m. what a poor co. susah lah

Posted by tmore1 > 2020-11-13 17:22 | Report Abuse

Agree with bullrun18. And rather listen to the recent clues from CEO Mukri via his share purchases than those who comment for the sake of commenting

Posted by fruitcake > 2020-11-13 17:37 | Report Abuse

well, good luck to your holding

Posted by Lich > 2020-11-16 11:05 | Report Abuse

kolek kolek kolek...jangan takut. management ada beli ma..

Posted by Lich > 2020-11-16 11:32 | Report Abuse

last call....let's board the ship.

Posted by dp_pupi > 2020-11-16 11:41 | Report Abuse

Bought at 1.8, sold at 2.2
Re-enter at 2.35

Enjoying the slow ride now. Huats!

Posted by Lich > 2020-11-16 12:00 | Report Abuse

It won't be a slow ride. Just wait and see.

Posted by dingdonghuat > 2020-11-16 13:57 | Report Abuse

Lich u sure onot?

Boleh naik tingkat 3 onot?

mau kfc saja