MULTI-CODE ELECTRONICS INDUSTRIES (M) BERHAD (¿MCE¿ OR THE ¿COMPANY¿) (I) THE PROPOSED ACQUISITION BY VANTAGE REALM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MCE (¿VANTAGE¿ OR THE ¿PURCHASER¿), OF ONE (1) PARCEL OF FREEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY 3.277 ACRES, SITUATED ON PART OF HS(D)264382, PT 26533, MUKIM BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR DARUL EHSAN FROM BANDAR SETIA ALAM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SP SETIA BERHAD (¿BSASB¿ OR THE ¿VENDOR¿) FOR A CASH CONSIDERATION OF RM28,556,000 ("PROPOSED LAND ACQUISITION");
(II) PROPOSED DIVERSIFICATION OF MCE AND ITS SUBSIDIARIES¿ (¿MCE GROUP¿ OR THE ¿GROUP¿) BUSINESS INTO PROVISION OF HEALTHCARE SERVICES ("PROPOSED DIVERSIFICATION"); AND
(III) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF MCE (¿M&A¿) PURSUANT TO THE PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS ¿PROPOSALS¿) You are advised to read the full announcement at http://www.bursamalaysia.com.
Based on past performance and what the executive directors are getting as their remunerations for fye 2013, I am disappointed with the Q3 operating results. I still think this company has good upside potentials if managed well.
From the P&L statement you can see that the gross profit is 1.428 M, the total expenses 2.488M and the finance cost 0.172 M that gives a trading loss of about 1M+, the positive earning is because of some legal claim from its formal management, also pay attention to its Q2 result , it's not too impressive .
If you are a investor in this counter, these two articles might be of interest as these articles carry positive implications in my opinion. 1)NAP a boost for auto component players (StarBizWeek,19 July 2014,pp.6) ,and 2)TMC Life to boost hospital bedcount (StarBizWeek, 2 August 2014,pp.9). This is just my opinion and whether the positive implications give rise to positive results in the future is yet to be seen.
For this counter, it is very very sleeepppy... so you must wait till it jumps and then you will suddenly realize that your pocket is full of $$$. hahaha
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Patrick Ngian
170 posts
Posted by Patrick Ngian > 2014-06-10 10:28 | Report Abuse
good... i invested too.. @ 1.49