Fruit cake, Yocb climbed from +-50s during start of covid in mar 2020 till rm1.25 now. What else do you want? Somemore gives you half yearly dividends. How can you brand Yocb a dead stock?
They should spend a bit of time on investor relations and getting some analyst coverage going. This will help rerate the stock price. Why stay listed if there there is hardly any corporate action or investor following? YOCB is getting to a size where it may interest emerging market micro cap funds. Management should start thinking about Minority Shareholders too.
Today 8sen increase. That’s 5.9% increase over yesterday price. And that equivalent to 51sen increase for blue chip maybank. Don’t look down on Yocb, Fruitie cake. No wonder treasure blush you off. Hahaha
You probably have come across some news about the poor outlook of the Malaysian furniture sector. If you are a long-term fundamental investor, this is where to hunt for investments, unless of course you think that this is a sunset sector. The furniture sector is not being disrupted by digital tech and I don't see any forces that point to this being a sunset sector. So my first impression is that this sector is going through some business cycle. The way to check it is to look at the sector performance and then compare YOCB performance with this. This is what I did and you can read about it in my blog article "Which are the better stocks in Bursa Malaysia furniture sector?"
Don't worry 1Qtrly results profit drop only, after completed acquired SG. T.C Homeplus Pte Ltd 60% will be give Yocb long term higher profit and SG vs MYR currency is jump.😋😃
Investor Penic sell see short term 1Qtrly profit drop only , but long term SG TC homeplus higher sales and SG VS MYR currency is Strong jump will be pay out high dividend .😋😋
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY") ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION") YOONG ONN CORPORATION BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")
ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION") The terms used herein, unless otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Acquisition.
We refer to the previous announcement dated 2 November 2023 in relation to the Acquisition.
On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the Conditional SSA have been fulfilled, and that the payment for the Purchase Consideration has been effected and fully settled today. Hence, the Acquisition is deemed completed on 12 January 2024.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY") ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION") YOONG ONN CORPORATION BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")
ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION") The terms used herein, unless otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Acquisition.
We refer to the previous announcement dated 2 November 2023 in relation to the Acquisition.
On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the Conditional SSA have been fulfilled, and that the payment for the Purchase Consideration has been effected and fully settled today. Hence, the Acquisition is deemed completed on 12 January 2024.
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....
6stars
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Posted by 6stars > 2022-08-26 18:50 | Report Abuse
Steady counter. No worries. Worth keeping long term.