KUB MALAYSIA BHD

KLSE (MYR): KUB (6874)

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Last Price

0.695

Today's Change

-0.005 (0.71%)

Day's Change

0.695 - 0.70

Trading Volume

46,100


5 people like this.

4,979 comment(s). Last comment by cK1973 2024-07-05 11:55

strattegist

23,459 posts

Posted by strattegist > 2021-10-01 18:35 | Report Abuse

red 0.615

Selina888

306 posts

Posted by Selina888 > 2021-10-01 19:44 | Report Abuse

Drop more and i will consider investing.

Posted by mahmudkashimj > 2021-10-03 20:10 | Report Abuse

let kub drop more to 0.50 sen. i doubt it will... lon time to go. i heard the company going back to plantation. i doubt ho there going to do it. oil palm plantation going forward is not that great with the esg concern... and also the landbank that kub have is peak area which require more investment in infrastructure and not worth to do it. the only people gain is the contractor who do it....

strattegist

23,459 posts

Posted by strattegist > 2021-10-04 17:12 | Report Abuse

flat 0.615

Hafid

1,135 posts

Posted by Hafid > 2021-10-04 21:47 | Report Abuse

Will be long way to go up

strattegist

23,459 posts

Posted by strattegist > 2021-10-05 23:05 | Report Abuse

flat 0.615

KAQ4468

21,497 posts

Posted by KAQ4468 > 2021-10-05 23:06 | Report Abuse

pewwwitttttt

thesteward

6,782 posts

Posted by thesteward > 2021-10-06 12:23 | Report Abuse

Got palm got oil got tech gogogo la

gogogolee

133 posts

Posted by gogogolee > 2021-10-06 16:18 | Report Abuse

rubbish stock

strattegist

23,459 posts

Posted by strattegist > 2021-10-06 21:50 | Report Abuse

green 0.625

Hafid

1,135 posts

Posted by Hafid > 2021-10-07 05:53 | Report Abuse

See can trade at rm0.80 Sen immediate term

strattegist

23,459 posts

Posted by strattegist > 2021-10-07 17:45 | Report Abuse

red 0.62

Hafid

1,135 posts

Posted by Hafid > 2021-10-07 21:06 | Report Abuse

let it red.

strattegist

23,459 posts

Posted by strattegist > 2021-10-08 11:35 | Report Abuse

green

Hafid

1,135 posts

Posted by Hafid > 2021-10-08 16:45 | Report Abuse

Let it green ...

strattegist

23,459 posts

Posted by strattegist > 2021-10-08 17:36 | Report Abuse

green 0.63

strattegist

23,459 posts

Posted by strattegist > 2021-10-11 09:36 | Report Abuse

steady

strattegist

23,459 posts

Posted by strattegist > 2021-10-11 09:42 | Report Abuse

green

strattegist

23,459 posts

Posted by strattegist > 2021-10-11 17:55 | Report Abuse

green 0.645

strattegist

23,459 posts

Posted by strattegist > 2021-10-12 17:22 | Report Abuse

flat 0.645

Fattymin

245 posts

Posted by Fattymin > 2021-10-12 21:02 | Report Abuse

bila mau terbang ?

strattegist

23,459 posts

Posted by strattegist > 2021-10-13 17:38 | Report Abuse

red 0.635

EVO118

2,148 posts

Posted by EVO118 > 2021-10-14 18:12 | Report Abuse

So, is there a reason for that abnormal increase in turnover volume, as well as unusual 0.05c increase in share price? A hugh white candle with a solid body. Can't seem to find any recent news release.

Posted by Profitsaham1 > 2021-10-15 00:37 | Report Abuse

Ku rasa sbb Jendela kot...saw leasing coorporation keep acquire..

Solomon7

370 posts

Posted by Solomon7 > 2021-10-15 20:09 | Report Abuse

Who is Leasing Corporation?

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 10:07 | Report Abuse

steady

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 10:08 | Report Abuse

beautiful

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 10:08 | Report Abuse

bountiful

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 10:08 | Report Abuse

marvelous

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 10:08 | Report Abuse

good green

Skylight8

146 posts

Posted by Skylight8 > 2021-10-18 11:41 | Report Abuse

tp Rm1 coming

Posted by mahmudkashimj > 2021-10-18 12:47 | Report Abuse

leasing corporation also own ci holding. same company....

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 15:52 | Report Abuse

steady

strattegist

23,459 posts

Posted by strattegist > 2021-10-18 18:52 | Report Abuse

green 0.735

tonylim

4,796 posts

Posted by tonylim > 2021-10-18 21:10 | Report Abuse

Thanks Mahmud

tonylim

4,796 posts

Posted by tonylim > 2021-10-18 21:12 | Report Abuse

Leasing now hold 50m shares
Any idea what's their stake in ci holding's

Posted by mahmudkashimj > 2021-10-19 13:52 | Report Abuse

ci HOLDINGS - Deemed interest through Du Ain Sdn Bhd, Duclos Sdn Bhd, Syed Ibrahim Sdn Bhd, Leasing Corporation Sdn Bhd, Sisma Water Technology Sdn Bhd and Continental
Theme Sdn Bhd.

Posted by mahmudkashimj > 2021-10-19 13:52 | Report Abuse

IS LUM TOGETHER. IS AROUND 21.20%

Posted by mahmudkashimj > 2021-10-19 13:53 | Report Abuse

UOB Kay Hian Nominees (Tempatan) Sdn Bhd
For Leasing Corporation Sdn Bhd
4,686,400 2.89

Deenkareem

182 posts

Posted by Deenkareem > 2021-10-19 20:00 | Report Abuse

Those companies acquiring the shares are linked to the late Syed Ibrahim, Sisma grp. Datuk J acquired KUB at 0.68.Looks like KUB has long way to go la.

strattegist

23,459 posts

Posted by strattegist > 2021-10-20 10:47 | Report Abuse

steady

aliyusof

1,393 posts

Posted by aliyusof > 2021-10-20 12:49 | Report Abuse

Deenkareem, where or how u know Datuk J bought in Kub at 68? Can share. Interesting info.

Hafid

1,135 posts

Posted by Hafid > 2021-10-20 14:31 | Report Abuse

PETALING JAYA: Former Finance Minister II Datuk Seri Johari Abdul Ghani is the new major shareholder of KUB Malaysia Bhd by virtue of his vehicle JAG Capital Holdings Sdn Bhd.

JAG Capital had emerged as the largest shareholder in KUB with a 31.99% stake after buying the block at a large premium last Friday.

A check with the Companies Commission of Malaysia showed that the shareholders of JAG are Johari and his wife Zurwati Haslinda Zainal Bahry. Johari owns 99.99% of the shares in JAG Capital.

A filing with Bursa Malaysia yesterday showed that JAG Capital had bought 178.06 million shares from Anchorscape Sdn Bhd via a direct business transaction (DBT).

The shares crossed at 68 sen, which was a large premium of 28.5 sen above the previous day’s closing price of 39.5 sen.

Hafid

1,135 posts

Posted by Hafid > 2021-10-20 14:31 | Report Abuse

This means that Johari forked out some RM121.08mil for the stake. As of Dec 31, 2018, KUB had cash of RM92.83mil.

When contacted by StarBiz, Johari said that he was buying the stake for his private investment.

“I am buying for future value. I will assist the current board to revamp KUB if necessary,” he said.

Meanwhile, the large off-market trade saw KUB’s shares climbing early yesterday.

The counter rose 5.5 sen to close at 45 sen on a volume of 23.73 million shares.

Anchorscape still has 112.3 million shares or a 20.1% stake in the company following the DBT.

Johari is no stranger to the corporate world, as he had previously been the group managing director of CI Holdings Bhd for more than 12 years until July 2015 when he was appointed to the Cabinet.

At present, Johari is CI Holdings’ biggest shareholder with an indirect stake of 32.72%, also held through JAG Capital.

KUB has been a target of potential suitors for awhile now.

In early January, its share price jumped close to 70 sen when its major shareholder Anchorscape was approached by several parties interested in acquiring the stake.

One of them was carpet dealer Deepak Jaikishan, who first emerged as a substantial shareholder in KUB on Jan 9 after acquiring 32.23 million shares or a 5.79% equity interest in the company.

Nonetheless, it was perhaps just a trade for the carpet dealer, as by Jan 18, Deepak had ceased to be a substantial shareholder.

The first major shareholding change in KUB happened in mid-2017, when Anchorscape surfaced as the controlling shareholder with a 22.55% stake. This came about after it had exercised a call option to buy out the Ministry of Finance Inc from KUB.

Anchorscape also took over the KUB shares held by Gaya Edisi Sdn Bhd, which has a 29.62% stake in KUB.

Anchorscape is a wholly owned unit of Gaya Edisi.

Financially, KUB’s performance is not stellar. It posted net losses of RM20.56mil in the fourth quarter ended Dec 31, 2018 compared with a net profit of RM15.29mil a year earlier.

For the full year, it posted a net profit of RM1.17mil compared with a net profit of RM32.95mil in financial year 2017. Its net tangible asset per share was 57 sen.

Hafid

1,135 posts

Posted by Hafid > 2021-10-20 14:32 | Report Abuse

JAG Capital acquired 178.07 million shares or a 31.99% interest in KUB from Anchorscape Sdn Bhd last Friday in a deal valued at RM121.09 million or 68 sen a share, a 28.5 sen premium from the 39.5 sen closing price.

Hafid

1,135 posts

Posted by Hafid > 2021-10-20 14:52 | Report Abuse

KUB is growing the ICT business.

aliyusof

1,393 posts

Posted by aliyusof > 2021-10-20 16:41 | Report Abuse

Hafid, thank you for above information.

Hafid

1,135 posts

Posted by Hafid > 2021-10-20 17:24 | Report Abuse

The stock can be in for long term now.

strattegist

23,459 posts

Posted by strattegist > 2021-10-20 17:30 | Report Abuse

red 0.72

Posted by mahmudkashimj > 2021-10-20 18:19 | Report Abuse

normal lah. up and down.

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