Posted by MissingPuzzles > 2021-06-25 11:06 | Report Abuse

What is the meaning of ICULS? Can it be sold right away once the company give it to you? Or must hold till after 5 year's time?

Posted by Michael Kwok > 2021-06-25 11:10 | Report Abuse

ICULS is with dividend,warrant not.Can sell anytime if got any upward.Both can convert anytime if profitable.

Posted by MissingPuzzles > 2021-06-25 11:23 | Report Abuse

Got it, thank you! First time encounter ICULS, so wanna grab as much knowledge as possible! Hahaha!

Posted by fathur6 > 2021-06-25 16:40 | Report Abuse

I am sorry beginner question, will the price drop 50% on the entitlement or the next day?

Posted by BilisMasin > 2021-06-25 20:31 | Report Abuse

Sial betul. Masuk je kaunter, main RI. Masuk sana, RI

Posted by AlfI3 > 2021-06-26 23:31 | Report Abuse

Iculs RI is good to b invested?

Posted by mingtee3 > 2021-06-28 12:54 | Report Abuse

Hopeless counter to me…1 week ago now CL big…..

Posted by yipihjhj > 2021-06-28 15:01 | Report Abuse

Con company , useless management bring all investor to Holland ...Fxxx

Posted by excelyou > 2021-07-01 12:28 | Report Abuse

Moving forward like Surteco Group listed in Germany

Posted by kiaralim19 > 2021-07-01 13:01 | Report Abuse

Stock Idea: Scanwolf, Transforming to a Wolf

Scanwolf Corporation Berhad (Ticker: 7239 SCNWOLF)

Expected Holding Period
4 weeks

Investment Highlight
1. Scanwolf Corporation Berhad (Scanwolf) and its subsidiary companies are principally involved in the manufacturing of plastics extrusion products and Property Development in Kampar, Perak.

2. Despite a challenging business environment during the pandemic, Scanwolf recorded an improved 3QFY21 result due to an increase in revenue of both Manufacturing and Property Division.

3. Scanwolf is expanding the production capacity of its existing business while venturing into a new segment which is likely to benefit from the COVID19 pandemic.

4. Issuance of ICULS (2 ICULS for every 2 existing Scanwolf Shares), with an issuance price of RM0.10/ICULS at an exercise price of RM0.30, with 1 FREE warrant for every 2 ICULS subscribed. Ex-date 7 July 2021. Profile of ICULS: Tenure of 5 years, with interest rate of 3% p.a.

Company Background
Listed on the Second Board of Bursa Malaysia in 2007 and subsequently transferred to the Main Board in 2009, Scanwolf Corporation Berhad (Scanwolf) and its subsidiary companies are principally involved in the manufacturing of plastics extrusion products and Property Development in Kampar, Perak.

The Group has plastic extrusion manufacturing plant and warehouse in Tronoh, Perak and a warehouse in Shah Alam, Selangor. Scanwolf is expanding its business into manufacturer of vinyl flooring since first quarter of 2020 and to date, the Group is the biggest manufacturer of furniture edging products in Malaysia.

The Group’s property projects are located close to Universiti Tunku Abdul Rahman, Hospital UTAR, and an integrated bus terminal (Terminal Kampar Putra).

Investment Merits
1. Despite a challenging business environment during the pandemic, Scanwolf recorded an improved 3QFY21 result by reporting a revenue of RM11.8 million, (+RM3.6 million against 3QFY20) as well as a profit before tax ("PBT") of RM0.71 million (vs loss before tax ("LBT") of RM2.45 million in 3QFY20). This was mainly due to an increase in revenue of both Manufacturing and Property Division.

2. Benefitting from the US-China Trade War Furniture Manufacturer in the ASEAN region has been busy due to the order shifted out from China and moved to ASEAN. The Group has since November 2020 received a hike in purchase orders for its plastic edging business from the southern region of Peninsular Malaysia. However, due to the limited production capacity, the Group has had to turn down a high amount of the orders. To accommodate the surge in demand and an order backlog of (400 MT), Scanwolf intends to purchase two (2) new production lines for its plastic edging business (to increase the maximum production capacity by approximately 47%, from 300 MT per month to 440 MT per month). The installation of new production lines is expected to be completed by 31 May 2021 and scheduled to commence operations by 30 June 2021.

3. Expanding its existing luxury vinyl tiles business. Scanwolf’s flooring division has maximum production capacity of 1,100 boxes per month and is operating at 90% capacity, hence the Group intends to add one (1) unit of pressing machine to increase the maximum production capacity by 33%, from 1,100 boxes per month to 1,460 boxes per month.

4. Rehabilitating the Balance Sheet. Scanwolf has announced a series of corporate proposal to rehabilitate its balance sheet. Such proposal which consists of:-

i) Rights Issue of ICULS with Warrants entails the issuance of up to RM10,497,120 nominal value of ICULS at 100% of its nominal value of RM0.10 on the basis of 2 ICULS for every 2 existing Scanwolf Shares held by the Entitled Shareholders together with up to 52,485,600 Warrants on the basis of 1 Warrant for every 2 ICULS subscribed by the Entitled Shareholders.

ii) Creditor Capitalisation

iii) Share Issuance Scheme of up to 15% of the total number of issued Scanwolf Shares.

Our View
Scanwolf is in the midst of transforming from a property developer to a diversified business group which consists of property developer, building materials supplier and plastic film manufacturer. We think such transformation is healthy to the group given the challenging property sector in Malaysia. The new business segment will allow the group to capture the business opportunities from the pandemic. In view that the plastic film manufacturing segment will start to commence its operations from March 2021 onwards, we think Scanwolf is on track to grow its revenue for the upcoming financial years. However, key things to monitor will be the Group’s execution capability on the new business segment as we think the Group might take a longer time to turn the new segment into a profitable. Scanwolf is trading at around 12x PE (annualised its 3QFY21 earnings) which in our opinion is undemanding.

Technical
R1, R2, R3
0.38, 0.41, 0.48

S1, S2
0.30 , 0.275

Posted by nklye > 2021-07-11 17:03 | Report Abuse

@kiaralim19, exercise price for ICUL to be 30 sen. What's the exercise price for the warrant?
10 sen or 30 sen?

Posted by stockjobber > 2021-07-11 19:49 | Report Abuse

Warrant exercise price is also 0.3 (5 years)

Posted by kasrim > 2021-07-12 15:50 | Report Abuse

yes sudah ad volulme masuk.. ready to fly ka?

Posted by Kingston1 > 2021-07-12 17:12 | Report Abuse

Suddenly came. I heard TTB buy call on this. Any members from that group is here? Mind to share a bit?

Posted by Rocket2moon > 2021-07-14 20:31 | Report Abuse

Consolidate for a while

Posted by Rocket2moon > 2021-07-16 12:34 | Report Abuse

Little wolf still asleep? Hehee..

Posted by hjhjhj > 2021-07-19 09:57 | Report Abuse

come on scnwolf ...please up up up

Posted by Michael Kwok > 2021-07-21 20:55 |

Post removed.Why?

Posted by Kingston1 > 2021-07-22 16:04 | Report Abuse

good prospect! 0.60 is on the way man

Posted by TomyamGong > 2021-07-22 16:47 | Report Abuse

Rocket2moon, thanks for the hint in your channel. Let's rocket to the moon!!!

Posted by HosehLim80 > 2021-07-22 20:32 | Report Abuse

Still can buy?? Seems up a lot already

Posted by HosehLim80 > 2021-07-23 12:46 | Report Abuse

Continue fly pls

Posted by bulldog > 2021-07-30 09:05 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by Behumble > 2021-07-30 09:12 | Report Abuse

I love scanwolf hehe

Posted by up88up > 2021-07-30 10:55 | Report Abuse

Michael Kwok When I come Ong will mari.Buy call 35-36 cents.Sell 50 cents above.
21/07/2021 8:55 PM

Thank you Michael, I followed on this, waiting to fly above 50c

Posted by imagebank > 2021-07-30 12:01 | Report Abuse

47 cents still can go in?

Posted by Citadel9999 > 2021-07-30 12:05 | Report Abuse

ii

Posted by Michael Kwok > 2021-07-30 14:16 | Report Abuse

No more.Let see by 3.30 pm.If no big drop then a slimmer chance will above 50 cents.Volume already so high for such 100 million number of shares.

Posted by James Ng > 2021-07-30 20:59 | Report Abuse

https://klse.i3investor.com/blogs/general/2021-07-30-story-h1568877379.jsp
[转贴] [Video:浅谈SCANWOLF CORP BHD, SCNWOLF, 7239] - James的股票投资James Share Investing

Posted by kasrim > 2021-08-04 11:51 | Report Abuse

politik blom stabil, bnyk kacau.. harap ada strong support

Posted by Syedsofee > 2021-08-04 14:28 | Report Abuse

Hari ni kasi breakout..

Posted by HosehLim80 > 2021-08-06 08:47 | Report Abuse

Cheap now. Buy buy buy!

Posted by followKing > 2021-08-06 11:35 | Report Abuse

can it be cheaper ?

Posted by hax4130 > 2021-08-06 13:48 | Report Abuse

no

Posted by clouud1234 > 2021-08-07 02:57 | Report Abuse

No way

Posted by followKing > 2021-08-07 08:17 | Report Abuse

anything can happen in bursa

Posted by ben0303 > 2021-08-07 08:41 | Report Abuse

ICULS n Warrant will not increase the no of mother shares unless converted.

Posted by Tony Wong > 2021-08-09 11:49 | Report Abuse

Buy more warrant,easy shooting up.afternoon will shooting up

Posted by Tony Wong > 2021-08-09 11:50 | Report Abuse

Shooting up

Posted by Tony Wong > 2021-08-09 13:25 | Report Abuse

prepare shooting up after 230pm

Posted by bulldog > 2021-08-09 15:47 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by AlfI3 > 2021-08-09 23:09 | Report Abuse

@Tony Wong, u r so so accurate. I folo ur advice on warrants & stroke d 4Ds. May God blessed u.... Huat chai... Heng Ah

Posted by UCanDoIt > 2021-08-10 13:06 | Report Abuse

Still go move upwards.. anyone. Especially d warrant.

Posted by Tony Wong > 2021-08-11 14:15 | Report Abuse

Yes.warrant will move if mother start moving.got show after 230pm.sell high after mother start moving.....

Posted by Tony Wong > 2021-08-11 14:18 | Report Abuse

Then convertion still cheap and makert capital so small.easy limit up for warrant

Posted by Tony Wong > 2021-08-11 14:24 | Report Abuse

Guy, just look mother share moving....huat 888888888888

Posted by SamOscar > 2021-08-11 20:07 | Report Abuse

Warrant tomorrow will test 20sen

Posted by calvinteo > 2021-08-17 11:30 | Report Abuse

if above 45 sen then wa n loan likely shld move higher n higher to test wa 16 sen IMO.
Invest and or trade at your own risk

Posted by bojed > 2021-08-17 16:33 | Report Abuse

Bought the warrants at 0.135 today and sold all at 0.19 just now.

5.5K for today is more than enough to cover my losses at Keinhin.

Posted by moneyster > 2021-08-17 17:01 | Report Abuse

can any sifu explain why scanwolf shoot up to 0.500?? thank you