ARB Bhd has teamed up with China’s state-owned China United Network Communications Group Co Ltd (China Unicom) to undertake smart building projects and other ancillary businesses in Malaysia.
The partnership agreement was signed today by their respective subsidiaries, Arbiot Sdn Bhd and China Unicom Operation (Malaysia) Sdn Bhd, ARB said in a filing with Bursa Malaysia.
China Unicom is the world’s fourth-largest mobile service provider by subscriber base, and is listed on the stock exchanges in New York, Hong Kong and Shanghai.
For FY19, China Unicom registered a profit after tax and minority interests of 11.3 billion yuan (RM7.1 billion), on the back of a revenue of 264.4 billion yuan (RM164.9 billion), said ARB.
20 ICPS = 1 Mother Share. No one to do these, likely they spend 20 cents to convert 1 ICPS into 1 Mother Share. just 11 March, they got Conversion of Preference Shares - 3,610,000 shares at 0.200, or RM720K Cash into the BB.
Take note these 20 Cents of each conversion is a huge cash flow incoming into the company. By end December, the company got 24.5 million cash, by now, just add in conversion moneys, at least BB has RM40 million cash in hand to do any M&A he needed, ie. Cloud Computing business,
my good guess is Din Din will pull string for Fatty hand together to do these deal.
PE now is 4.04. Some argue that the PE should be 9.28 after including all the ICPS. However, it did not mention how much cash the company will get upon the full conversion of ICPS. Till Feb 2021, there are about 619843500 ICPS remained listed. If the PE is 9.28, the company will get additional cash RM 123968700. Based on current share price, the PE will be 9.28 and every share hold at least 10 cent cash upon full conversion of ICPS.
About 77449500 ICPS have been converted between 18 Feb and 12 Mac. This mean the company get additional RM 15.5 million cash which can be used for business expansion.
Guys, this is an interesting counter whereby investors has factor in the outstanding ICPS pending conversion to price the shares...As stated earlier, even if all the ICPS are converted the PE for year ended 2020 is only 9.4 and with tons of cash for the company....
A raw diamond out there to be pluck ....right industry, spendid financial performance , low PE , thus lower pricing ..what are you guys waiting for ....
ARBB is considered a new company People don't trust new companies. The company needs to prove itself. To prove itself the company needs time... years before the company can earn investors trusts.
Tech is still intact By GANESHWARAN KANA MARKETS Wednesday, 10 Mar 2021
PETALING JAYA: The correction in the technology sector, as evident from the heavy sell-off among technology darlings in the United States and Malaysia, is likely to be short-term in nature.
Experts believe the long-term prospects of technology stocks remained intact, and hence, will not derail the sector’s massive rally that began a year ago.
the face value of 1 ARBB-PA is 1 sen the exercise ration is 20 to convert to 1 share ARBB, one either surrender 1 ARBB-PA and top up with 19 sen , or use 20 ARBB-PA to convert to 1 ARBB,
so the second scenario is definitely out of the question for the moment when 1 ARBB-PA market price is 0.17. No sane person will do that unless got too much wealth to burn.
The conversion of ARBB-PA to ARBB is definitely welcome by the company as it brings in 19 sen working capital for every 1 ARBB share issued, but for the shareholders, it has dilutive effect as the NTA of ARBB is 40 sens.
1 share of ARBB-PA is now 17 sen, top it up with 19 sen, you will get 36 sen, That is the main reason why the share price is stucked at current level when an active conversion is taking place.
Who wants to spend another 19 cents cash to convert to mother shares ? Whoever have PA, what for he wants to convert them, the capital to convert is more than PA price. But active conversion is seen every week. How syndicates to calculate the number of shares in the market to do their plays??
it is quite obvious the conversion is not done by common retailers. as it serve no purpose, for every conversion is about 5 to 10 market days risks of being tied up and the gains is only 1 to 2 sen.
TECHNOLOGY stocks may be taking a breather but that does not seem to be stopping a decent flow of new listings from this sector.
Yesterday, a company that makes Internet of Things (IoT)-based products got listed on the Singapore Stock Exchange with a market value of just under S$1bil (RM3.7bil).
The Singapore firm, with one of its operations in Johor, had attracted some Malaysian funds as cornerstone investors. These included the likes of the Employees Provident Fund, Affin Hwang Asset Management and Hong Long Assurance.
So early in the morning attempting to break above the 38 resistance. Lai ar lai ar will it break above 38 resistance and close above the 38 resistance? Last call, place your bets Place your bets!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace 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....
Davidleong
154 posts
Posted by Davidleong > 2021-03-11 14:11 | Report Abuse
We bought at lower.
They buy at breakout 0.38.
Who better?
Happyday123 TA boleh pakai and trust meh?
11/03/2021 12:55 PM