M & A EQUITY HOLDINGS BERHAD

KLSE (MYR): M&A (7082)

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Last Price

0.395

Today's Change

0.00 (0.00%)

Day's Change

0.395 - 0.40

Trading Volume

515,500


7 people like this.

3,206 comment(s). Last comment by Ryugentrades 3 weeks ago

firehawk

4,765 posts

Posted by firehawk > 2023-05-16 20:54 | Report Abuse

Entitlement subject Rights Issue
Type Renounceable
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Ex-Date 29 May 2023
Entitlement date 30 May 2023
Entitlement time 5:00 PM

firehawk

4,765 posts

Posted by firehawk > 2023-05-16 20:59 | Report Abuse

A total of 284,436,506 x 0.22 = 62.57 m will be raised from the RI.

On behalf of the Board, Malacca Securities wishes to announce that the Company had on 12 May 2023 entered into an underwriting agreement with Malacca Securities in relation to the Rights Issue whereby Malacca Securities will underwrite 259,428,906 Rights Shares representing 91.21% of the Rights Shares to be issued on a full subscription basis.


firehawk

4,765 posts

Posted by firehawk > 2023-05-16 21:10 | Report Abuse

Entitlement subject Important Relevant Dates for Renounceable Rights
Description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Despatch Date 01 Jun 2023
Date for commencement of trading of rights 31 May 2023
Date for cessation of trading of rights 08 Jun 2023
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 22 Jun 2023

Last date and time for :
Sale of provisional allotment of rights 07 Jun 2023 05:00 PM
Transfer of provisional allotment of rights 09 Jun 2023 04:30 PM
Acceptance and Payment 15 Jun 2023 05:00 PM
Excess share application and payment 15 Jun 2023 05:00 PM
Available/Listing Date 30 Jun 2023

firehawk

4,765 posts

Posted by firehawk > 2023-05-17 09:45 | Report Abuse

M & A Securities financial results for the past 5 years,
FYE 30 June 2018(RM’000)
FYE 30 June 2019
FYE 30 June 2020
FYE 30 June 2021
FYE 30 June 2022

Revenue
32,162
26,314
36,978
68,906
48,541

PBT
10,042
8,818
12,814
24,825
22.809

PAT
7,231
6,618
9,217
18,813
17,917

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-06-06 22:41 | Report Abuse

Any new updates? Upon receiving of capital repayment we do not necessary need to subscribe to the RI isn’t it? Looks like something on.

firehawk

4,765 posts

Posted by firehawk > 2023-06-08 10:08 | Report Abuse

At this price, probably very few holders will subscribe to the RI, Malacca Securities will take up the unsubscribed portion ......

Tong Kok Kee is now the boss of SYF, can refer to Insas on how he would manage the price ..... today, he makes the vol extremely high @0.225.....

JUSTICE88

40 posts

Posted by JUSTICE88 > 2023-06-09 10:10 | Report Abuse

Quietly accumulate. Tp 0.4 , M&A

firehawk

4,765 posts

Posted by firehawk > 2023-06-28 09:24 | Report Abuse

No. of Rights Shares
% of total issue
Total valid acceptances

152,550,807
53.63 %
Total valid excess applications
133,282,943
46.86 %
Total valid acceptances and excess applications
285,833,750
100.49 %
Total Rights Shares available for subscription
284,436,506
100.00 %

Over-subscription

1,397,244

0.49

firehawk

4,765 posts

Posted by firehawk > 2023-06-28 09:26 | Report Abuse

Now, most of the tickets are in operator hand, extremely easy to manipulate .....

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-06-28 09:39 | Report Abuse

Today Q 23cents also not yet matched. Still waiting operators sell lower to board the train...

Mar2083

695 posts

Posted by Mar2083 > 2023-06-28 09:57 | Report Abuse

Look like up trend
Now 25sen

firehawk

4,765 posts

Posted by firehawk > 2023-06-28 16:29 | Report Abuse

Kindly be advised that
a. 1,009,090,909 new SYF shares issued pursuant to the Acquisition;
b. 284,436,506 new SYF shares issued pursuant to the Rights Issue; and
c. 136,323,600 new SYF shares issued pursuant to the Restricted Issue,

will be granted listing and quotation with effect from 9.00 a.m., Friday, 30 June 2023.

firehawk

4,765 posts

Posted by firehawk > 2023-06-28 16:30 | Report Abuse

issue price of the above new listing shares : RM0.22

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-06-28 16:35 | Report Abuse

Waseh....26cents now. Hope friday can get 23cents or lower....or else need to wait breakout 30cents.

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-06-28 16:39 | Report Abuse

Why suddenly up to 26cents? Official change stock name from SYF to M

KTK039

55 posts

Posted by KTK039 > 2023-06-30 11:29 | Report Abuse

M&A Securities Sdn Bhd (M&A Securities) has completed its reverse takeover (RTO) of SYF Resources Berhad (SYF) en route to list on the Main Market of Bursa Malaysia Securities Berhad.

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-06-30 11:55 | Report Abuse

Finally completed change name. Waiting operators selling lower to me. Hope to get 22cents or lower.

firehawk

4,765 posts

Posted by firehawk > 2023-06-30 14:53 | Report Abuse

FYE 30 June 2022
PAT 17,917
EPS = 18m/2.0b= 0.9 sen
P/E @26sen = 32.22

charlie chia

2,115 posts

Posted by charlie chia > 2023-06-30 15:51 | Report Abuse

Big capital share 2 b

Posted by Insidefluential > 2023-07-07 08:35 | Report Abuse

It won't move that soon. The owner is controlling the stake.

stncws

10,204 posts

Posted by stncws > 2023-07-12 16:05 | Report Abuse

good business stock market..this stock got advantage.

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-07-12 16:41 | Report Abuse

Are you ready to fly? 33cents to close the downtrend gaps....

stncws

10,204 posts

Posted by stncws > 2023-07-12 18:06 | Report Abuse

trend is spotted here today...needs break 26c tmr...tp30➕

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-07-13 07:51 | Report Abuse

Gradually moving up.Looking forward!!!

speakup

24,461 posts

Posted by speakup > 2023-07-13 07:54 | Report Abuse

banks without brokerage biz like Mbsb, Bimb might be interested in M&A. maybe not now, but in future

stncws

10,204 posts

Posted by stncws > 2023-07-13 12:09 | Report Abuse

after reversal takeover, generally good prospect is expected. breakout possible

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-07-25 20:01 | Report Abuse

Coming soon?

Dehcomic01

286 posts

Posted by Dehcomic01 > 2023-07-31 10:58 | Report Abuse

Over the past 13 years, this company achieved an average ROA of 1% compared to the Bursa furniture sector average of 5%. Refer to https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=26387

It is not exactly good results. I am surprised that the share price has not dropped lower.

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-08-01 08:22 | Report Abuse

No more in furniture biz…check it out.

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-08-10 20:54 | Report Abuse

Why no one willing to sell lower? What will be the TP for 2023? 50cents?

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-08-11 11:33 | Report Abuse

A different sector now. TP depends on your appetite. At current level just too low. Great potential. Not a pump n dump.

speakup

24,461 posts

Posted by speakup > 2023-08-11 13:19 | Report Abuse

My remisier recommended at 24¢ but I didn't follow him

speakup

24,461 posts

Posted by speakup > 2023-08-11 16:21 | Report Abuse

Missed this one

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-08-14 08:51 | Report Abuse

Great potential with strong leaders behind. Buat lah kira2 sendiri. Not for speculation.

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-08-22 18:52 | Report Abuse

Magical .30 broken!!! Sekarang tekan minyak before end month?

Posted by ktang888 > 2023-08-23 11:04 | Report Abuse

I will only sell at 0.42

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-08-23 12:25 | Report Abuse

👍💪

speakup

24,461 posts

Posted by speakup > 2023-08-23 12:47 | Report Abuse

Aduh! Speakup missed this gem recommended by my remisier. Haaiyah

haziqaz

156 posts

Posted by haziqaz > 2023-08-27 09:24 | Report Abuse

Peguam ‘Scammer’ Kington Tong Kum Loong kini tipu ELSA ENERGY !

https://thecorporate-secrets.com/blog/2023/08/27/peguam-scammer-kington-tong-kum-loong-kini-tipu-elsa-energy/

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-10-09 18:40 | Report Abuse

Time to move up?

BanyakZhun

235 posts

Posted by BanyakZhun > 2023-11-12 16:37 | Report Abuse

Tengah panas!!!

charlie chia

2,115 posts

Posted by charlie chia > 2023-11-12 18:13 | Report Abuse

M&A big share capital over 2 B
I think Mercury sec is better share capital only 800 plus

Posted by chickenriceseller > 2023-11-21 15:50 | Report Abuse

scammer company

BanyakZhun

235 posts

Posted by BanyakZhun > 2 months ago | Report Abuse

Let’s wait n see

Posted by TiffanixLVxHermes > 1 month ago | Report Abuse

expect better Q result
TP: 0.40

Posted by WellnessAntiCancer > 3 weeks ago | Report Abuse

MPI Is The oldest listed semiconductor maker in Bursa and rose 40 Sen to RM29.70.

Top 40 USA chips maker recorded gains in revenues and share prices.

world leaders ASML chip machines maker rose to 15 year high. The beginning of semi conductor stocks.

Inari is just a droplet from the bucket. What if it too received increased major orders from China? USA? Germany?

When the stocks doubled by R 12 billion, imagine what happens to Insas stock? INSAS OWNS almost 15% inari. A cool RM1.5billion added valuation.

Source :
Max Juang (2024) , Q3 Earnings Roundup: Western Digital (NASDAQ:WDC) And The Rest Of The Semiconductors Segment.
Article dated January 23, 2024

BanyakZhun

235 posts

Posted by BanyakZhun > 3 weeks ago | Report Abuse

Magical.40? Then to . .50???

Posted by TiffanixLVxHermes > 3 weeks ago | Report Abuse

sold @ 0.40

Posted by Ryugentrades > 3 weeks ago | Report Abuse

Same here. Hit TP at 0.40. Will it go up higher? probably..... who knows? As I am trading, purely on Technical and price action, I exit when hit TP. Still learning everyday. Did a video on on this entry on Youtube. Do support for those interested. Just sharing my trades online. Published 9 Jan 2024. https://youtu.be/UdSeZREc3Bg

Posted by Ryugentrades > 3 weeks ago | Report Abuse

Next on my watch list is BJFOOD. Looking to see if any entry next couple of weeks. Probably share my view of the BJFOOD chart later this week.

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