Let Anchorscape dispose. Under the leadership of Anchorscape from 2011 to 2018. The KUB shares down from RM0.81 to RM0.22 (negative -73%) for 7 consecutive years. It was a result of weak management, not focusing on right business model, not making any growth and fully utilize the assets.
But after the new shareholder bought and take over the company since 2019 till as of today April 2022. The price rose for 150% and stable to stay above RM0.60. He with the proven turnaround specialist track record has manage to improve the company margin and reduced the gearing ration from 31% to 8%.
With now cash position of RM500 million, company is making way to any potential M&A or growing their LPG to targeted a right amount of market share. KUB's progression also is looking to bid for further sizable information ICT contracts to enhance its orderbook.
Last year 2021, with the the series of MCO restrictions which made a lower average monthly sales volume in KUB's LPG in both domestic and industrial segments but still KUB managed to record its LPG revenue of RM451 million. Now the restaurants and factories are operating at a full capacity, thereby it is a positive for overall LPG demand.
Under the new major shareholder also has made KUB Telekomunikasi entered into a joint venture agreement with South Korean digital technology giant HFR, Inc. (‘HFR’) to provide engineering and infrastructural services. With this JV of KUB, it has opened the door to projects involving the installation of cutting-edge communications technology such as 5G, making KUB Telekomunikasi a network solutions provider with expertise in broadband, mobile and private radio access in future.
So from what i see, KUB now is proactively reassess its capex plans, tighten up operating expenditure, review back the investment decisions and re-optimise capital structure. Moreover KUB also was ranked first in the Corporate Governance Disclosure awarded by Minority Shareholder Watchdog Group (MSWG) under the MSWG-Asean Corporate Governance Awards. This good progression is not happen under Anchorscape time. So even with the dispose of Achorscape, i believe company shares maintain intact.
KUB is fully owned by YB Datuk Seri Johari Abdul Ghani. He won the MP seat of Titiwangsa KL. Be prepared he is going to be appointed as full minister in the cabinet to help national interest with the Agong's Decree for unity government to bring back the Malaysia economy back on track.
This KUB's owner which is YB Datuk Seri Johari Abdul Ghani; well known background in finance, business and economy is now confirm to be put either in Ministry of Finance (MOF) or Ministry of International Trade and Industry (MITI).
This unity government need YB Datuk Seri Johari Abdul Ghani to help not just interm of his finance & economy expertise but this MP Titiwangsa (YB Datuk Johari) also owned the media company of Media Prima Berhad too. That is why he will be given a senior position in ministry role to help the nation forward.
Fasten ur seatbelt my friend. Its never too late to buy before PM10 announced.
@EVO118 what senator are u talking about? Johari Ghani won the seat of Titiwangsa man. Khalid Samad lost to him. Johari managed to get almost 5000 majority of 4 cornered fight. Its not huge majority but still good. So Johari now as an MP of Titiwangsa does not need to be appointed as Senator. Which country are u stayin now? Please move back to earth to get the latest update.
My advise for u is to read from reliable and official source only such as .GOV.MY or any registered-mainstream-media:
Its okay @EVO188. Leave the past behind & lets move forward together. As BN only managed to win 30 seat of MP only. So BN's talent pool is getting smaller now. I strongly believe Johari is one of the BN's talent that PM10 will appointed into his cabinet soon.
Prime Minister/PH succeed to form a unity gov with the support of BN too. So the seat of Deputy Prime Minister and few important seats will likely to be given to BN's MP too. Probably, Johari Ghani is one of the humble star on a dim night for UMNO-BN. Dont u think it is quite impressed that this owner of KUB won in the middle of city center, in the heart of KL itself. The urban and city voters chose him.
Johari Ghani will get either: 1. Ministry of Finance (MOF) or 2. Ministry of International Trade and Industry (MITI) or 3. Ministry of Federal Territories
"Observers believed that while Rafizi, a chartered accountant by training, was capable of helming the ministry, Johari might have the edge. One industry source said Johari, apart from possessing experience as a former second finance minister, is a corporate magnate and known as an expert on turning around ailing companies. Johari rose to prominence when he helmed KFC Holdings Bhd and QSR Brands Bhd in the 1990s, and later gained a reputation for helping ailing companies get back on track, evidenced from his time with CI Holdings and later, KUB. "While he is a politician, Johari fits the technocrat bill to a tee. With his experience and ability, it would be interesting to see what changes he can effect if he was given the role," said the source."
It's our bad luck that he didn't make the cut to show us what he can do.
Leasing Corp bought 50 million shares and increased its stake in KUB to 17.97% According to Bloomberg data the shares were transacted at 55 sen or RM27.5 million in total.
In my opinion,this transaction signified their confidence in the leadership and management of Johari Abdul Ghani the former Finance Minister.
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....
lawpc128
82 posts
Posted by lawpc128 > 2022-04-13 07:31 | Report Abuse
Anchorscape is selling every day. Still has 52m to sell, 4 more months . price will be stagnant as long as big shareholder is disposing.