M & A EQUITY HOLDINGS BERHAD

KLSE (MYR): M&A (7082)

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Last Price

0.375

Today's Change

-0.005 (1.32%)

Day's Change

0.375 - 0.38

Trading Volume

7,540,700


7 people like this.

3,209 comment(s). Last comment by BanyakZhun 1 month ago

Posted by Winner_Master > 2021-10-08 21:40 | Report Abuse

Quite sad not staying above 0.355 today. If cannot break for next transaction, then high chance of reversing direction. Please watch closely next week.

Raiz368

1,555 posts

Posted by Raiz368 > 2021-10-08 21:46 | Report Abuse

The fair value for SYF should be above 40 cent...

Diamond7

2,183 posts

Posted by Diamond7 > 2021-10-08 21:53 | Report Abuse

Can buy?
Worth buying?

TheContrarian

8,533 posts

Posted by TheContrarian > 2021-10-08 22:37 | Report Abuse

I think downside is limited but there's greater upside. Can't go down much but at the right time it can rocket up.

wcc636588

213 posts

Posted by wcc636588 > 2021-10-08 22:47 | Report Abuse

Agree with you contrarian. The upside will start once SC approve the proposed exercise. Cheers and happy weekend .

B4b4

7,563 posts

Posted by B4b4 > 2021-10-11 16:36 | Report Abuse

Buy and wait

Posted by TheMerchant > 2021-10-11 19:53 | Report Abuse

High valuation for M&A Securities
TheEdge Mon, Oct 11, 2021 01:30pm - 6 hours ago

Insas Bhd’s plan for M&A Securities Sdn Bhd to assume the listing status of SYF Resources Bhd in a RM222 million reverse takeover exercise deal has received muted response from investors, judging from the two companies’ share price performance.

The deal values M&A Securities at a price-earnings ratio of 11.8 times and price-to-book (P/B) ratio of 1.2 times, based on its net earnings and net asset value for the financial year ended June 30, 2021 (FY2021).

The valuation of M&A Securities is even higher than that of the local banks, whose average P/B ratio is only 0.9 times. Currently, smaller banks such as Affin Bank Bhd and Malaysia Building Society Bhd are trading at only 0.4 and 0.5 times respectively.

Also, the P/B ratios of other stockbroking firms such as Kenanga Investment Bank Bhd and Apex Equity Holdings Bhd come in lower at 0.9 and 0.6 times respectively.

Thus, the deal to inject M&A into SYF Resources — which will subsequently lead to a name change to M&A Capital — may look expensive.

Upon completion of the backdoor listing, Insas will hold 75.9% of SYF Resources as the disposal sum will be satisfied via the issuance of new shares in SYF Resources.

From the financial performance perspective, while M&A Securities saw a strong jump in its net profit — from RM9.22 million in FY2020 to RM18.81 million in FY2021 — using a three- or five-year average could have been a better benchmark. Note that in FY2019, its net profit was a mere RM6.62 million.

The exceptionally robust earnings were primarily boosted by active share trading among retail investors, driven by loan moratoriums as well as strong market interest in healthcare, technology and penny stocks. At the same time, M&A Securities also acted as principal advisers and successfully listed six companies on the ACE Market in FY21.

As retail participation eases, stockbroking firms may see more normalised earnings, and this will be reflected in the upcoming results.

mhanaS

213 posts

Posted by mhanaS > 2021-10-12 04:05 | Report Abuse

Bought in at 33sen. So that means cost will be 15sen. Plus additional 14sen new shares means total cost will be 14.6sen. Seems okay. Of course if price drops to 32sen all the better!

B4b4

7,563 posts

Posted by B4b4 > 2021-10-12 07:52 | Report Abuse

Buy and wait

firehawk

4,769 posts

Posted by firehawk > 2021-10-12 07:53 | Report Abuse

Mr Thong is a very smart and clever chinaman ......

stockraider

31,553 posts

Posted by stockraider > 2021-10-12 08:14 | Report Abuse

U all must understand huge dilution of NAV to only 15 sen after issuance of massive more than 1 billion shares to insas mah!

Basically u get about par value investment in M&A after dividend & capital repayment loh!

As investment prospect at PE 12x is reasonable despite comparison with affin & kenanga loh!

U need to bear in mind there is a corporate exercice with RI & special issue to staffs at 14 sen mah!

Also u need to take note the current fd rates is only around 2% pa whereas m&a earnings yield is 8.3% pa and most likely the dividend yield will exceed 2% pa mah!

With growth opportunity for m&a....this is a good speculative play...with high chance of succeed loh!

They will goreng the share way above the RI & share issue price loh!
There will probably be several times to stir interest. Could be a favourable article/write-up before SC approval, immediately after SC approval, in the run up to the EGM, immediately after EGM approval, before rights ex-date etc. etc.


Posted by TheContrarian > Oct 8, 2021 10:37 PM | Report Abuse

I think downside is limited but there's greater upside. Can't go down much but at the right time it can rocket up.



Posted by mhanaS > Oct 12, 2021 4:05 AM | Report Abuse

Bought in at 33sen. So that means cost will be 15sen. Plus additional 14sen new shares means total cost will be 14.6sen. Seems okay. Of course if price drops to 32sen all the better!


Posted by TheMerchant > Oct 11, 2021 7:53 PM | Report Abuse

High valuation for M&A Securities
TheEdge Mon, Oct 11, 2021 01:30pm - 6 hours ago

Insas Bhd’s plan for M&A Securities Sdn Bhd to assume the listing status of SYF Resources Bhd in a RM222 million reverse takeover exercise deal has received muted response from investors, judging from the two companies’ share price performance.

The deal values M&A Securities at a price-earnings ratio of 11.8 times and price-to-book (P/B) ratio of 1.2 times, based on its net earnings and net asset value for the financial year ended June 30, 2021 (FY2021).

The valuation of M&A Securities is even higher than that of the local banks, whose average P/B ratio is only 0.9 times. Currently, smaller banks such as Affin Bank Bhd and Malaysia Building Society Bhd are trading at only 0.4 and 0.5 times respectively.

Also, the P/B ratios of other stockbroking firms such as Kenanga Investment Bank Bhd and Apex Equity Holdings Bhd come in lower at 0.9 and 0.6 times respectively.

Thus, the deal to inject M&A into SYF Resources — which will subsequently lead to a name change to M&A Capital — may look expensive.

Upon completion of the backdoor listing, Insas will hold 75.9% of SYF Resources as the disposal sum will be satisfied via the issuance of new shares in SYF Resources.

From the financial performance perspective, while M&A Securities saw a strong jump in its net profit — from RM9.22 million in FY2020 to RM18.81 million in FY2021 — using a three- or five-year average could have been a better benchmark. Note that in FY2019, its net profit was a mere RM6.62 million.

The exceptionally robust earnings were primarily boosted by active share trading among retail investors, driven by loan moratoriums as well as strong market interest in healthcare, technology and penny stocks. At the same time, M&A Securities also acted as principal advisers and successfully listed six companies on the ACE Market in FY21.

As retail participation eases, stockbroking firms may see more normalised earnings, and this will be reflected in the upcoming results.

B4b4

7,563 posts

Posted by B4b4 > 2021-10-12 10:19 | Report Abuse

What happen if the Proposal isn't approved by Bursa?

yleng83

107 posts

Posted by yleng83 > 2021-10-12 11:38 | Report Abuse

0.315 NOW. CAN IT GO LOWER THAN 0.300

Raiz368

1,555 posts

Posted by Raiz368 > 2021-10-12 14:04 | Report Abuse

Still under selling pressure...wait for reversal to enter. lowest will go maybe around 30 cent.

Raiz368

1,555 posts

Posted by Raiz368 > 2021-10-12 21:49 | Report Abuse

Waiting drop below 30 cent to buy SYF

charlie chia

2,128 posts

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

The edge commented yesterday that RTO M

mhanaS

213 posts

Posted by mhanaS > 2021-10-12 22:32 | Report Abuse

The dividend and capital repayment proposal is 18sen. The new share issue is 14sen. Add the two together and you wonder why would anyone sell at 31½sen or below?
Add in the rights issue as well as potential upside that the new business brings, one could sum up that collecting the counter now seems like a no-brainer.

stockraider

31,553 posts

Posted by stockraider > 2021-10-13 08:22 | Report Abuse

Go for it!

A potential corporate Play mah!

mhanaS

213 posts

Posted by mhanaS > 2021-10-13 18:05 | Report Abuse

Looks good. Tomorrow seems promising by the look of things today.

firehawk

4,769 posts

Posted by firehawk > 2021-10-14 09:55 | Report Abuse

After the special dividend and capital repayment, total 18 sen .... market price must be higher than 14sen, otherwise people can buy from the market rather than subscribe the RI !!

TheContrarian

8,533 posts

Posted by TheContrarian > 2021-10-14 21:34 | Report Abuse

32.5 sen - 18 sen = 14.5 sen effective cost.

mhanaS

213 posts

Posted by mhanaS > 2021-10-21 17:41 | Report Abuse

32sen. Perfect.

firehawk

4,769 posts

Posted by firehawk > 2021-10-25 10:49 | Report Abuse

why he purposely makes the vol high high?

firehawk

4,769 posts

Posted by firehawk > 2021-10-25 11:04 | Report Abuse

non-stop playing himself @0.325 ......

mhanaS

213 posts

Posted by mhanaS > 2021-10-26 08:09 | Report Abuse

Are the IBs trying to short SYF??

charlie chia

2,128 posts

Posted by charlie chia > 2021-10-27 22:43 | Report Abuse

Being stabled around 32-33 Cts
Time to go in before rebound

Posted by Rich_Trader > 2021-10-27 22:48 |

Post removed.Why?

CIO888

22 posts

Posted by CIO888 > 2021-10-27 22:55 |

Post removed.Why?

mhanaS

213 posts

Posted by mhanaS > 2021-11-01 22:42 | Report Abuse

Well, 31½ seems to be the realistic price, so I'd just hodl

charlie chia

2,128 posts

Posted by charlie chia > 2021-11-01 23:13 | Report Abuse

Yes good price to collect it

thesteward

6,744 posts

Posted by thesteward > 2021-11-02 14:16 | Report Abuse

Wah so many retailers

thesteward

6,744 posts

Posted by thesteward > 2021-11-03 10:46 | Report Abuse

:-( believe many retailers sangkut at 44-32 . Hope can rebound soon

Bettyem

631 posts

Posted by Bettyem > 2021-11-07 09:34 | Report Abuse

不急于购买,只是尚未获得有关部门批准的提案?

charlie chia

2,128 posts

Posted by charlie chia > 2021-11-07 10:54 | Report Abuse

Waiting now is the East wind to blow up

thesteward

6,744 posts

Posted by thesteward > 2021-11-08 11:22 | Report Abuse

Must not break 27.5 if break 27.5 many retailers might cut

Bettyem

631 posts

Posted by Bettyem > 2021-11-08 11:42 | Report Abuse

许多人在孵化前数鸡蛋……如果提案未获批准怎么办?

thesteward

6,744 posts

Posted by thesteward > 2021-11-09 20:25 | Report Abuse

Many retailers thot 31.5/32 Low enough but :-(

mhanaS

213 posts

Posted by mhanaS > 2021-11-15 18:36 | Report Abuse

Well the assumption on the initial calculations was as such.

taitaumau

275 posts

Posted by taitaumau > 2021-11-19 06:07 | Report Abuse

I wonder whether valuation of RI at 0.14 is 2 high?

Risk Trader

3,942 posts

Posted by Risk Trader > 2021-11-22 22:50 | Report Abuse

Slowly down to 20 cent and below...

thesteward

6,744 posts

Posted by thesteward > 2021-11-24 10:55 | Report Abuse

Ya seems like you could be right .
Many retailers stuck between 44 sen to 30 sen . Many thot 32/30 was low enough di.

thesteward

6,744 posts

Posted by thesteward > 2021-11-27 09:35 | Report Abuse

Gosh I just realised last year July august syf only 13 sen gosh gai

thesteward

6,744 posts

Posted by thesteward > 2021-11-29 11:05 | Report Abuse

Pls lo don’t break lo 27.5

Risk Trader

3,942 posts

Posted by Risk Trader > 2021-12-16 23:50 | Report Abuse

Wow...very bad QR, tomorrow sure will sell down again to below 20 cent

mf

27,818 posts

Posted by mf > 2021-12-20 08:34 | Report Abuse

Dow Jones 35,365.441 -532.20 1.48%
Nasdaq 15,169.68 -10.753 0.07%

TheContrarian

8,533 posts

Posted by TheContrarian > 2022-01-20 21:50 | Report Abuse

Bought at 29.5 sen today.

Posted by risktoreward > 2022-01-21 16:03 | Report Abuse

Actually SYF at this price is about right.
New NOSH is 2.1/2.2 billion, 11.5 cents after capital repayment means valuing MnA at circa 250mil

TheContrarian

8,533 posts

Posted by TheContrarian > 2022-02-14 15:06 | Report Abuse

18 sen special dividend/capital repayment.

Lpc1225

127 posts

Posted by Lpc1225 > 2022-02-14 15:52 | Report Abuse

Has the date been announced?

TheContrarian

8,533 posts

Posted by TheContrarian > 2022-02-14 16:34 | Report Abuse

Not yet, EGM yet to convene.

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