Posted by SincereStock > 2 weeks ago | Report Abuse

technical analysis is irrelavant here

Posted by shawn88 > 2 weeks ago | Report Abuse

back to
0.79 ...

Posted by speakup > 2 weeks ago | Report Abuse

JP Morgan issue Sailang All In call
Ini kalilahhhhhh

Posted by SincereStock > 2 weeks ago | Report Abuse

buying into boulevard jaya motor company for to generate more consistent income and diversity

Posted by shawn88 > 2 weeks ago | Report Abuse

Dealer of umw .. possible to get sell Sime Darby ev in future? 🤔

Posted by speakup > 2 weeks ago | Report Abuse

Half it's net cash given to owners

Posted by Faiza > 2 weeks ago | Report Abuse

rpt usually favour the owner

Posted by SincereStock > 2 weeks ago | Report Abuse

top up few more sygroup at RM0.815 (12 july 2024)

Posted by SincereStock > 2 weeks ago | Report Abuse

offload a few sygroup at RM0.880 (12 july 2024, 9.26am)

Posted by SincereStock > 2 weeks ago | Report Abuse

my own thinking is that, the transaction is by company own cash and treasure share, is better to buy into new company than just keep the cash / treasury shares without doing anything

any additional profit is good (unless the company make losses in future due to subsidy affect)

ling family stakes in sygroup now higher they probably want the price to go up further, previously the share buy back intend is also want to pump up the pirce instead of trying to collect lower only

but still the main concern here would be whether the purchase price is reasonable

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Bursa should query this damn stock for soaring too much. Scam

Posted by EatCoconutCanWin > 2 weeks ago | Report Abuse

Scam....

Posted by SincereStock > 2 weeks ago | Report Abuse

@EatCoconutCanWin

lmao, 10%+ in response to a very good news, not even limit up, you are really delusional not knowing the value of this company. it is still traded below NTA unlike those true scam counter that traded way way beyond NTA.

go report if you really think this is a scam, don't be a sour grape here

with such mentallity you hardly make any good profit in bursa

Posted by katara > 2 weeks ago | Report Abuse

syg pb 0.79 harbour pb0.8 fair

Posted by daretocutandchange > 2 weeks ago | Report Abuse

accumulated shares buy back ,how will it treaded in accounting ? possiblity as profit minus average of share back or totally loss as a provision

Posted by SincereStock > 2 weeks ago | Report Abuse

@katara sygroup needed to be revaluate base on the purchase price of boulevard jaya motor and future profit generateable from this company

Posted by SincereStock > 2 weeks ago | Report Abuse

@daretocutandchange not sure about the exact accounting but it should be very less relavant, as now those shares will go back to ling family in a trade of incooperating their other business of motor company into sygroup

should be a good thing as this year long buy back obviously attempt to push up the price without intention to collect low. (usually done at closing to push up the tprice).

the buy back may or may not stop right now but the job has been done. now ling family will get those shares, should be time to unleash the company value in market price along with it's new source of diversified additional income.

good thing about this company purchase is that it don't involves any loan or acculmulating of fund through or new share listing. all is done through company own extra idle cash and treasury shares. the new source of income from motor can be assumed as a free bonus

Posted by SincereStock > 2 weeks ago | Report Abuse

only possible negative outcome is that the purchase price is unreasonably high or IF the motor company is actually not a profit making company

Posted by speakup > 2 weeks ago | Report Abuse

Anybody curi ayam today?

Posted by shawn88 > 2 weeks ago | Report Abuse

possible all time high 1.00? wondering Ling family next will buy what

Posted by SincereStock > 2 weeks ago | Report Abuse

@shawn88 good possibility if next QR deliver as expected

Posted by SCM2023 > 1 week ago | Report Abuse

Shawn88, You can see that they have been injecting a few businesses into SYGroup, and it’s likely that more will be in the pipeline, considering they hold many profitable companies within Shin Yang. This counter move very slow and may switch gear from here on

Posted by hw0706 > 1 week ago | Report Abuse

the family use the listed company to get cash out

Posted by SincereStock > 1 week ago | Report Abuse

win win situation for the family and other shareholders imo, as sygroup acquired more subsidiary companies with cash & treasury shares (without loan / private placement / listing additional shares that will dilute the value of the company)

Posted by SCM2023 > 1 week ago | Report Abuse

They actually don't need to inject into SYGroup. The break even is 2-3 years with the purchased price and the injection price is relatively cheap. I sold off 40% of my shareholding in this company because afternoon selling is quite fast even with such positive news. I want to buy it back if touch my target price.

Posted by shawn88 > 1 week ago | Report Abuse

Continue share buy back .. even now is 0.865

Posted by newbie9893 > 1 week ago | Report Abuse

heading to 1.00 today

Posted by shawn88 > 3 days ago | Report Abuse

Seem like downtrending?