Posted by mamatede > 2015-12-11 19:04 | Report Abuse

Do you guys think it as an attempt for a short term gain?
http://www.thestar.com.my/business/business-news/2015/12/10/tycoon-upatkoon-aborts-rm391mil-takeover-offer-of-mwe/?style=biz

Posted by InvestFA > 2015-12-11 20:43 | Report Abuse

Are you kidding me ? Malaysia's 12th richest man's takeover was an attempt for a short term gain ?

Posted by susheel > 2015-12-12 00:42 | Report Abuse

Thats what u call a cheap shot InvestFA :).... i am yur side.. hehe

Posted by marvelheng > 2015-12-13 08:58 | Report Abuse

Down for opportunities to buying cheapest price.
smart investors always always happy when good shares going down :D

Posted by kakashit > 2015-12-13 11:11 | Report Abuse

ya, i kena trapped liao, at rm1.60

Posted by walau2u > 2015-12-13 11:20 | Report Abuse

MWE spent RM1.35 to buy Keuro. Now keuro only RM0.85, why not directly buy Keuro?

http://www.thestar.com.my/business/business-news/2013/07/12/mwe-buying-bigger-stake-in-keuro/?style=biz

Posted by leong1188 > 2016-02-15 08:16 | Report Abuse

Stock pick:
1. MWE (3921) – Boom Times
Last closing: RM1.39
Fair Value: RM2.90
Dividend yield: 1.2%, NTA= RM2.76

Why should we invest?
- Revenue breakdown: textile (61%), telecommunications (22%), property (1.4%), plantations (2%) and others (14%)
- Net debt stood at RM92m, but has RM437m invested in Magnum, MPHB Cap and K-Europlus, which collectively make up RM1.89/share, even higher than current share price. Meaning that MWE’s investors are getting those liquid assets for free as they are significantly overlooked

- 4 Key Growth Drivers:-
i) Expecting decent earnings growth in the upcoming results backed by upbeat outlook on textile business,

ii) Completion of 50% capacity expansion by June in Vietnam textile manufacturing plant, which is expected to bump up its group earnings by 20%-50% over the next 3 years,

iii) Garment sales are expected to bump up ahead of the UEFA European Championship held in mid-June, the second most watched football tournament in the world,

iv) Key beneficiary under the TPPA deal, which include Vietnam and Malaysia as more orders will come in due to tariff exemption of 30% in US (85% of its textile sales come from US market) and

v) 25% stake in K-Euro- which will see more recurring earnings growth coming through West Coast Expressway as well as Bandar Rimbayu project, a RM10bn mega project

Posted by leong1188 > 2016-02-17 14:28 | Report Abuse

Another Prolexus and Magni-Tech??

Posted by kakashit > 2016-02-24 18:18 | Report Abuse

Geng wo!

Posted by thesteward > 2016-02-24 22:14 | Report Abuse

wow :-)

Posted by k3nthiew > 2016-02-25 10:16 | Report Abuse

erm....price not moving....

Posted by firehawk > 2016-02-25 14:55 | Report Abuse

is tightly controlled by major shholder :-(

Posted by enagok > 2016-04-10 10:52 | Report Abuse

this company always changing year ending period

Posted by chabalang > 2016-07-01 20:20 | Report Abuse

Always changing year-end period??? Changing once is not always (from 31 Dec to 31 Mar). I believe the purpose to change year-end is to align with Kumpulan Europlus year-end which will be a key segment/contributor to the group from 2019

Posted by androsjy > 2016-07-25 23:31 | Report Abuse

any updates for MWE ?

Posted by Francis Lee > 2017-01-21 13:03 | Report Abuse

wcehb a subsidiary of mwe has moved up >10%...shd reflect well in mwe coming financial statements...

Posted by Francis Lee > 2017-02-02 13:24 | Report Abuse

wcehb moving up ......mwe to follow ...profit will go up when write back impairment losses...

Posted by Ooi Cheng Kee > 2017-02-10 10:26 | Report Abuse

got volume

Posted by firehawk > 2017-02-10 10:43 | Report Abuse

look at the selling queue, suddenly so huge vol ... bstd wants to control price ....

Posted by chabalang > 2017-02-10 17:47 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5334465

In view of this investment has been fully impaired in the financial year ended 31 March 2016, MWE Group will realise a gain of estimated USD10,258,000 arising from the Disposal upon completion. The cash proceeds arising from the Disposal will be utilised to pare down the group’s borrowings and future working capital.

FINANCIAL EFFECT OF THE DISPOSAL
The Disposal is expected to be completed in the 4th quarter of financial year ending 31 March 2017. The earnings and net assets is expected to increase by RM0.19 per share.

Posted by Chew Hon Keong > 2017-02-11 16:14 | Report Abuse

Wah, hope next week rise like rocket

Posted by firehawk > 2017-03-23 15:33 | Report Abuse

today, he manipulate so obviously ....

Posted by firehawk > 2017-03-24 02:34 | Report Abuse

next Q, the exceptional eanrning ~45 million .. 19sen per share ....

Posted by JESSICA1668 > 2017-03-28 14:01 | Report Abuse

Once i bought in at 1.36, dropped to 1.34 now.... aiyo

Posted by firehawk > 2017-03-29 09:32 | Report Abuse

buy this stock my be psychological prepared to battle bstd ... bcos bstd is very evil and cunning ....

Posted by Dkny > 2017-03-29 10:51 | Report Abuse

Parking

Posted by JESSICA1668 > 2017-03-29 12:39 | Report Abuse

@ firehawk - btw what mean "bstd".. TQ

Posted by firehawk > 2017-03-29 16:18 | Report Abuse

bstd? is a short form, example, Bstead = Boustead :-)

Posted by shareinvestor88 > 2017-04-10 08:22 | Report Abuse

Sell target 1.00. Value trap

Posted by JamesPond > 2017-05-12 16:50 | Report Abuse

MWE trading at such low price, better for Surin to take it private. MWE investments in WCE, MPH, Magnum alone is worth approximately RM617M compared to market cap of MWE of RM403M.

Posted by JamesPond > 2017-05-12 16:57 | Report Abuse

Firehawk is correct, March QR result such be good. Reversal of impairment would be substantial. I estimate the reversal to be approx RM60M

Posted by JESSICA1668 > 2017-05-17 22:06 | Report Abuse

23/05 EGM, will it impact on share price?

Posted by JamesPond > 2017-05-18 11:09 | Report Abuse

EGM impact on share price? Formality only. Should not have any impact unless members with nothing better to do ask other questions and get positive replies from BOD and come out happy, then may buy and push up price.

Posted by JamesPond > 2017-05-18 11:38 | Report Abuse

Maybe someone who attend EGM can ask Surin to take MWE private since MWE is worth much more than the current price (MV = RM391M). Excluding the quoted investments, the biz of MWE makes profit around RM25M to RM35M a year. If PE of 10, these biz is worth RM300M. Throw in MWE's quoted investments worth around RM600M, i.e. easily MWE in total is worth RM900M. MWE shares not officially owned by Surin is 156M (probably there are some more owned by Surin but not in his name). If he forked out RM313M (say at RM2.00 per share), he gets to own 100% MWE worth RM900M. Moreover MWE has cash of >RM100M, can declare div RM100M to himself after he take private. So pay only RM200M. Kakakaka

Posted by JESSICA1668 > 2017-05-18 12:27 | Report Abuse

thanks JamesPond... btw, im just a junior on investment share, hope to learn more to gain more..hahaha.. Wish all good luck in this counter ya..

Posted by shareinvestor88 > 2017-05-19 00:28 | Report Abuse

Value trap sell to 1.00

Posted by JamesPond > 2017-05-22 17:20 | Report Abuse

shareinvestor88...maybe value trap but Surin not dumb..he sees value in WCE parked in MWE. Taking MWE private is cheap way of acquiring 25% + of WCE

Posted by Apollo Ang > 2017-05-24 08:47 | Report Abuse

where got limit up? wingtm lah limit up

Posted by JESSICA1668 > 2017-05-29 15:46 | Report Abuse

What happened, the price dropped? QR result good right?

Posted by firehawk > 2017-06-02 09:51 | Report Abuse

1.51 woh! he pushed up the price, then announced result and unload to them?

Posted by firehawk > 2017-06-02 10:25 | Report Abuse

quite surprise to me ... dun the ppl here know a takeover offer was launched about one yr ago?

Posted by ding dong > 2017-06-11 10:16 | Report Abuse

looking back numbers and trend over the previous qtrs reports as if 2012 qtr report vs the current qtr report and chart movement suggest potential numbers game is being played to push price up...

Posted by JESSICA1668 > 2017-07-07 11:13 | Report Abuse

hihi, anyone knows about what going on for this share? dropping much since i bought in at 1.70...

Posted by Lim Sip Yee > 2017-07-07 13:58 | Report Abuse

got div pay... then other else not sure haha

Posted by JESSICA1668 > 2017-07-07 15:08 | Report Abuse

TQTQ... div paid little but drop much lo.. haiz....

Posted by Keposhare > 2017-07-21 23:29 | Report Abuse

No news,??

Posted by chongyo > 2017-07-22 11:09 | Report Abuse

The last attempt to take the company private was not a serious move by the big boss!. It was just testing the water.
I suspect the next offer will come within next 12 months.

Posted by chongyo > 2017-07-22 11:16 | Report Abuse

if we strip all assets one by one, the company worth more than $5 per share. When the time comes, significant minority shareholders shall group together to deny takeover offer at unreasonable price and demand alternative offer by third parties. All can be worked out.

Posted by shareinvestor88 > 2017-07-23 23:17 | Report Abuse

Dear chonyo how did u arrive at a value of RM5 per share ?

Posted by chongyo > 2017-07-25 19:37 | Report Abuse

Dear shareinvestor88,

Rough estimate of what MWE owns are as below for sharing :

a. 27% in WCEH of mkt cap $1.484 bil = $400 mil
b. about 5% in MPHB cap of mkt cap $1.087 bil = $55 mil
c about 5% in Magnum of mkt cap $2.448 bil = 122 mil
d Joint development of 100 acres of golf course land in petaling district = $180 mil (bad deal!)
e. Sales of Integrity Tracking LLL as announced in 2017= $45 mil
f. 20 storey office block in Georgetown of mkt value $100 mil
g. 2,000 hectares of plantation RM100 mil
h. many pieces of developmet lands,factory, freehold status, in Georgetown penang, setapak KL, etc conservative market value = $50mil
I. textile + telecom business of consistent NPAT contributiin of $25mil/year. At PE X10 times, the business worth 250 mil.
j. cash $100 mil

a to I = sum up to $1.402 bil.
Total borrowing 200 mil
--------------------------------
Net after borrowing $1.202 bil

No. share 231 mil

worth per share $5.2 or more.