Posted by kakashit > 2015-08-31 12:23 | Report Abuse

the China power plant is still the 救星, nta maintained, no burning money, got little div for me to buy chicken rice, keep it la

Posted by prudentinvestor > 2015-10-22 18:03 | Report Abuse

10% of its net cash (RM 15 million) will propel this counter to RM 2.00 a share.

Posted by tobuy2006 > 2015-11-12 23:43 | Report Abuse

Buy more

Posted by ckk2266 > 2015-11-13 13:38 | Report Abuse

FACB will fly soon

Posted by ckk2266 > 2015-11-13 20:32 | Report Abuse

In accumulation mode...

Posted by prudentinvestor > 2015-11-14 18:00 | Report Abuse

Net cash already worth RM 1.78 a share. In addition, its holdings in KBunai shares are worth another RM 20 million or another 24 sen a share and the company has no debt. Investors must be thinking that Facbind's directors will siphon off the company's money one day.

Posted by ckk2266 > 2015-11-15 09:52 | Report Abuse

Hidden gem to be discovered....accumulate more when in cheap sale...

Posted by kentrade888 > 2015-11-17 10:41 | Report Abuse

http://www.tradesignum.com/news/FACBIND

Posted by kentrade888 > 2015-11-17 10:54 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4914613

Posted by sayyouloveme > 2015-11-17 14:19 | Report Abuse

2.00 to go. zhan hai geh

Posted by yiqqre > 2015-11-18 10:24 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4914033

Posted by prudentinvestor > 2015-11-18 11:20 | Report Abuse

Original news please, not outdated news.

Posted by sayyouloveme > 2015-11-18 21:40 | Report Abuse

i din keep on eye on this stock always... surprisingly the result is good.. lol... possible tomorrow to reflect? :P

Posted by prudentinvestor > 2015-11-19 09:42 | Report Abuse

Of the RM 2.15 million net profit, probably 50% was contributed by interest income.

Posted by firehawk > 2015-11-20 13:33 | Report Abuse

a poor thing .... good result only spur one-day-show ......

Posted by dalpinia > 2015-11-20 15:42 | Report Abuse

take a rest only.....next week will fly until next QR by another 30% within 3 months

Posted by kakashit > 2015-12-02 08:20 | Report Abuse

i will go agm, see how

Posted by kakashit > 2015-12-03 08:13 | Report Abuse

very shitty bod, especially the cfo, damn lan c and guailan

Posted by GlobalValueInvestor > 2015-12-06 07:57 | Report Abuse

You didn't wack him up? Lan c sama shareholders are dead sentence!

Posted by prudentinvestor > 2015-12-08 12:24 | Report Abuse

I believe the company directors only control about a third of Facbind's equity. A corporate raider attempting to gain control of the company may not succeed but surely will gain financially.

Posted by tomanhead > 2016-01-05 16:27 | Report Abuse

hokey dokey....i'm in.Hope will fly soon.....yee...ha!!!

Posted by dalpinia > 2016-01-19 10:03 | Report Abuse

super under value GEM counter!!! Buy call now!!!

Posted by tomanhead > 2016-01-19 20:24 | Report Abuse

if i'm not mistaken,this counter is jobless.However the boss Mr.Chen has big interest in Vietnam....as advisor and boss of casino there

Posted by tomanhead > 2016-01-19 20:28 | Report Abuse

my mistake....not Vietnam.Cambodia under Naga...google and see.....

Posted by taitaumau > 2016-05-19 12:46 | Report Abuse

Unconditional take-over offer document now issued

The Question
Will the company sell its 5.87% shareholdings in Karambunai to Tan Sri Dr. Chen for 16.9M ??

If yes, based on 2 qtr report (31/12/15), pending release of 3 qtr report by end of this month
and after taking into net disposal gain of 1.7M (16.9 - 15.2),
total assets : 236M ; total cash: 170M (72%)

Will Dr Chen let the company to trigger PN16 ???
If NO, any potential dividend for shareholders ??

Just for your opinion

Posted by Edwardong53 > 2016-05-27 00:08 | Report Abuse

Would appreciate if any one can tell me how and where FACBIND accumulated so much cash?

Posted by calvintaneng > 2016-05-27 00:26 | Report Abuse

Posted by Edwardong53 > May 27, 2016 12:08 AM | Report Abuse

Would appreciate if any one can tell me how and where FACBIND accumulated so much cash?

Edward,

FACBIND Got lots of Cash when it disposed its Kanzen Steel pipe business some years ago.

Posted by paperplane2016 > 2016-05-27 00:40 | Report Abuse

The director own casino in Thai border. You think he honest ppl not ah?

Posted by calvintaneng > 2016-05-27 00:42 | Report Abuse

Posted by paperplane2016 > May 27, 2016 12:40 AM | Report Abuse

The director own casino in Thai border. You think he honest ppl not ah?

Correct!

FacbInd Boss is not an honest person! He wants to cheat Kbunai shareholders by taking it private at a very unfair price of only 5 cts!

Posted by paperplane2016 > 2016-05-27 00:52 | Report Abuse

Haha. This one I agree with Calvin bro.

Posted by FAIRnREASONABLE > 2016-05-27 21:18 | Report Abuse

I think ppl always lose out because we just feel that we are powerless to do anything against the controlling shareholder.
FACB is different from Kbunai - its asset is primarily the cash.

FACB has cash and the controlling shareholder seems to own no more than 30%. If in case he offers a ridiculous say RM1.10 to privatize FACB whilst the cash (according to onetonneman) is already RM1.86/share, I believe the ppl can group together to petition SC to allow FACB to be put in the market for the highest bidder. The successful buyer will likely have to offer to match the cash value of FACB.

Since any buyout of FACB is really to buy out the CASH at a discount, ppl can also group together to petition SC to allow the cash to be distributed and then allow the remaining asset to be bought over by the bidder.

This sounds a fantastic idea, but there must be leader to take on the fight against grossly unfair and unreasonable buyout.

Posted by TheContrarian > 2016-05-30 21:56 | Report Abuse

Why don't you guys form a value investing club and pool your financial resources and buy up the shares of FACB Ind up to around 25% to block any unfair takeover attempt?

Posted by prudentinvestor > 2016-06-01 17:03 | Report Abuse

People seem to be very worried that the directors may siphon away the company's cash. Otherwise Facbind should be trading at over RM 1.80 share.

Posted by TheContrarian > 2016-06-02 16:18 | Report Abuse

After what Chen did to Karambunai and Petaling Tin it would be no surprise if he does that to Facb Ind.

Posted by CFTrader > 2016-06-06 02:17 | Report Abuse

what can you do ?
You can't even do a hostile takeover because they have tight controlling stake.

just dump this kind of management stock.

Posted by prudentinvestor > 2016-06-06 18:23 | Report Abuse

The directors control about a third of Facbind's share capital.

Posted by TheContrarian > 2016-06-06 18:58 | Report Abuse

Share capital only slightly more than 85 million. Needs only RM50 million to take 50.1% control.

Posted by prudentinvestor > 2016-06-13 21:08 | Report Abuse

Company bought more than 300 million KBunai shares a few years ago at around 15 sen a share. Now disposing of at only 5 sen a share.

Posted by TheContrarian > 2016-06-13 22:39 | Report Abuse

Company was given KBunai shares as settlement for debts owed by KBunai. I understand that FACB Ind will not be disposing the 300 million shares to Chen but after the delisting might buy additional 15% from Chen at inflated price.

Posted by dompeilee > 2016-08-19 16:12 | Report Abuse

Looks like moving...

Posted by paperplane2016 > 2016-08-22 16:58 | Report Abuse

Next life!!!hahaha

Posted by Luqman Michel > 2016-08-23 12:51 |

Post removed.Why?

Posted by firehawk > 2016-08-26 16:56 | Report Abuse

all his counters are very miserable ... this could be his life coming ....

Posted by speakup > 2016-09-25 22:13 | Report Abuse

Dr Chen doesn't care about FACBIND, PETALING TIN, KARAMBUNAI because he owns a CASH COW casino in cambodia! That's making him TONS of money, why he wants to play with chicken feet in FACBIND, PETALING TIN, KARAMBUNAI????

Posted by speakup > 2016-09-25 22:14 | Report Abuse

Dont believe me? Read this : http://www.forbes.com/sites/suzynam/2013/02/05/chen-lip-keongs-gamble-on-cambodian-casino-makes-him-a-billionaire/#66322a661678

Posted by speakup > 2016-09-25 22:16 | Report Abuse

Dr Chen owns the BIGGEST CASINO in cambodia. And best of all, it's ALL HIS, not listed and shared with other shareholders.
If he doesn't care about FACBIND, PETALING TIN, KARAMBUNAI, why should u?

Posted by FAIRnREASONABLE > 2017-02-20 17:13 | Report Abuse

This counter is moving. The bulk traded at 1.20

Posted by prudentinvestor > 2017-02-20 17:24 | Report Abuse

Should Dr Chen choose to privatise Facbind as well in addition to Petaling Tin and Karambunai, he has to offer at least RM 2 each share.

Posted by FAIRnREASONABLE > 2017-02-20 20:21 | Report Abuse

The latest quarter results shows that deposits, cash and bank balances amount to 155,434,000 which divided by the number of shares of 83,882,800 yields cash per share of RM1.85 against NTA of RM2.47.
Any offer is unfair and unreasonable if it is below the cash value.

Posted by prudentinvestor > 2017-02-20 23:02 | Report Abuse

It still has 339.2 million Karambunai shares. Probably bought at twice the closing price today but still worth RM20 million.