What happen to Compugates Last year ...and why we are still holding
Wednesday, 28 August 2013 07:02 ( LAST YEAR NEW OK....)
KUALA LUMPUR: Compugates Holdings Bhd is close to inking a deal with a unit controlled by Tan Sri Halim Saad, people familiar with the matter said yesterday.
If it goes through, the deal will see Compugates venturing into the property development business.
Compugates' controlling stakeholder and managing director Goh Kheng Peow could not be reached for comment.
Business Times understands that Compugates has revived a plan to develop some 40.47ha in Dengkil, Selangor.
Since 2009, the company has been planning to either sell or redevelop the land.
This year, Compugates has been on a spring cleaning exercise by selling its stakes in rival listed entities such as Menang Corp Bhd and ETI Tech (M) Sdn Bhd, which helped the company book a one-off net gain of RM872,780.
The company also revalued its landed assets this year, which rang up a surplus of "RM100 million".
This helped increase the Main Market-listed company's net tangible assets to seven sen in the last quarter ended March 31 2013, from four sen previously.
Still, the company's shares have not managed to catch investors eyes, who see Compugates as a "nearly man", having promised much before only to deliver very little.
Compugates is a distributor of consumer electronics which has branched out into the distribution of green energy products, agriculture and timber concession, and hasa presence in Malaysia, Bangladesh, Indonesia, Cambodia and Singapore.
yes... next week should start moving up...I did not expect the announcement to be so soon....I though they will only release on Oct... well good timing .... USA keep rate unchanged , Zeti keep rate unchanged and 3 trillions dollar to stimulate European and 500 billion yuan for banks in China all to stimulate the economy.... Fund will spill to Malaysia Bursa Market as it is known for many retails players and exciting market compare to other bourse... The indication is showing .... BURSA BULL RUN coming ... Next week all about Bursa Bull Run news.. Watch... Those who keep Compugates ... well hopefully reward time starting next week.
New Coverage on the Edge daily on 19.09.14.... on above announcement... Good news indeed. Next week ... pre budget rally began.. Budget on 10.10.14.... Our time has come ... announcement come at right time...
This is just the beginning. More to come. Hold too earlier to quit... TP is not important the future of Compugate is more important... They still have land worth valuation RM100 million. That the only asset we need to know and management is doing it best at the moment. Once cash flow come in for Gaharu business..... sell the tree , sell the leaves.... then it will turn over for good.
If my memory serve me correct.... Compugate is once a darling stock... above rm 3.00 once upon a time. One guru once told me... study their asset ... If they have land .... then it is never wrong to invest... Have money but no land also dangerous ... Land valuation always up never down.
not only the land value is increasing...the gaharu trees values are also increasing-10years old tree can cost abt RM20k if not mistaken.Time will tell if this is a darling stock or not.
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....
Atarah
4,026 posts
Posted by Atarah > 2014-09-18 19:07 | Report Abuse
Agreed and thanks qieen
What happen to Compugates Last year ...and why we are still holding
Wednesday, 28 August 2013 07:02 ( LAST YEAR NEW OK....)
KUALA LUMPUR: Compugates Holdings Bhd is close to inking a deal with a unit controlled by Tan Sri Halim Saad, people familiar with the matter said yesterday.
If it goes through, the deal will see Compugates venturing into the property development business.
Compugates' controlling stakeholder and managing director Goh Kheng Peow could not be reached for comment.
Business Times understands that Compugates has revived a plan to develop some 40.47ha in Dengkil, Selangor.
Since 2009, the company has been planning to either sell or redevelop the land.
This year, Compugates has been on a spring cleaning exercise by selling its stakes in rival listed entities such as Menang Corp Bhd and ETI Tech (M) Sdn Bhd, which helped the company book a one-off net gain of RM872,780.
The company also revalued its landed assets this year, which rang up a surplus of
"RM100 million".
This helped increase the Main Market-listed company's net tangible assets to seven sen in the last quarter ended March 31 2013, from four sen previously.
Still, the company's shares have not managed to catch investors eyes, who see Compugates as a "nearly man", having promised much before only to deliver very little.
Compugates is a distributor of consumer electronics which has branched out into the distribution of green energy products, agriculture and timber concession, and hasa presence in Malaysia, Bangladesh, Indonesia, Cambodia and Singapore.
- btimes.com.my
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