Posted by wilsonkck84 > 2023-07-03 19:40 | Report Abuse

Now under PN16. OMG.

Posted by Yu_and_Mee > 2024-01-20 21:44 | Report Abuse

still not having new business inject?

Posted by Just88 > 2024-01-22 16:14 | Report Abuse

very soon

Posted by Just88 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT

Posted by Brutus > 2 months ago | Report Abuse

@Just88, thank you for your sharing. Seems interesting for existing holders.

Posted by Just88 > 2 months ago | Report Abuse

Brutus, You are welcome. What do you think ?

Posted by xiaoeh > 2 months ago | Report Abuse

Just to follow up
any development for SCGM?

Posted by Just88 > 2 months ago | Report Abuse

Coconut demand in China https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Posted by Just88 > 2 months ago | Report Abuse

They are waiting for approval from the securities commission.
xiaoeh

Just to follow up
any development for SCGM?

19 minutes ago

Posted by xiaoeh > 2 months ago | Report Abuse

Thanks Just88 for your sharing

Posted by Just88 > 2 months ago | Report Abuse

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Posted by Just88 > 2 months ago | Report Abuse

Huge demand for coconut in China

Posted by xiaoeh > 2 months ago | Report Abuse

Just88 bro what price will you buy?

Posted by Just88 > 2 months ago | Report Abuse

Below NTA 0.62

Posted by Just88 > 2 months ago | Report Abuse

In the event that nothing materialised, SCGM will distribute NTA 0.62 back to its shareholders. So, that is the safety line.

Posted by Just88 > 2 months ago | Report Abuse

Alternatively, you may use the price big boss acquired from old bosses, 0.65

Posted by xiaoeh > 2 months ago | Report Abuse

thanks for sharing bro

Posted by Brutus > 2 months ago | Report Abuse

@Just88, The business looks and sounds exciting. Not sure the management team though. From plastic packaging to F+B, I will be following them thru since my holding costs is zero anyway.

Posted by Just88 > 2 months ago | Report Abuse

Brutus, the F&B owners will be the new bosses of SCGM. So, no worries about managing the new businesses.

Posted by Just88 > 2 months ago | Report Abuse

It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.

Posted by Just88 > 2 months ago | Report Abuse

https://www.youtube.com/watch?v=OFg7jW7kKLY

Posted by Just88 > 2 months ago | Report Abuse

https://jinan.dzwww.com/xinwenzhutu/shenghuo/202308/t20230821_12583409.htm

Posted by Just88 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-02-18-story-h-188366229-MY_OPINION_OF_SCGM

Posted by Brutus > 2 months ago | Report Abuse

@Just88, I think that was the whole idea The Lee Family keep SCGM listed. Besides cashing out via capital repayment, they also sold their shares to the new owners at a premium. Should be an exciting new beginning for SCGM (likely to be renamed) shareholders.

Posted by Just88 > 2 months ago | Report Abuse

Yes, successful injection of coconut business into SCGM will be a windfall for the existing shareholders. Given the information I have, it is already at the stage of seeking SC approval. The new controlling shareholders will ensure the successful listing of their coconut business. Delisting of SCGM will results in losses to them.

Posted by Just88 > 2 months ago | Report Abuse

https://www.irplus.in.th/Listed/COCOCO/en/news-set-announcement/2024/2/7169917

Thai Coconut public company earnings for Yr 2023 improves 43% over Yr 2022

Posted by Just88 > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-02-23-story-h-188239466-WHY_DO_I_THINK_RTO_OF_SCGM_IS_A_CERTAINTY

Posted by Alibone > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1297039

Posted by yauyau57 > 1 month ago | Report Abuse

if they can come out with MCT oil than it can UP UP UP!!!

Posted by csan > 1 month ago | Report Abuse

anyone knows what is the net profit of the Eramas Group? Thai Coconut Public Company should be the correct comparable and they trade at around 23-24x PE.

Posted by Just88 > 1 month ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-03-21-story-h-185647492-WHY_HEADS_OF_AGREEMENT_HOA_FOR_SCGM

Posted by csan > 1 month ago | Report Abuse

Just88, any idea on Eramas' net profit?

Posted by Just88 > 1 month ago | Report Abuse

All i know is the business growth is very good.

Posted by Just88 > 1 month ago | Report Abuse

you should know that the latest qtr results of Thai coconut public company increased by 75%

Posted by Just88 > 1 month ago | Report Abuse

The size of the worldwide Coconut market achieved USD 18510.92 Million in the year 2022. Anticipated expansion at a Compound Annual Growth Rate (CAGR) of 13.56%. The global Coconut market is projected to attain the valuation of USD 39703.85 Million throughout the forecast period.

Posted by Just88 > 1 month ago | Report Abuse

SC stipulates that the applicant needs to have an uninterrupted profit of three to five full financial years, with an aggregate after-tax profit of at least RM20 million as well as an after-tax profit of at least RM6 million in the most recent financial year.

Posted by Just88 > 1 month ago | Report Abuse

I expect the definite agreement to be signed soon as the proposal has to be submitted to the SC before end of June. Otherwise, the proposal needs to be recomputed base on quarterly report ended 30 June 2024.

Posted by Just88 > 1 month ago | Report Abuse

Thai coconut public company was listed in Sept 2023 at 5.50 baht and the share price has already doubled.

Posted by Just88 > 1 month ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/righton/2024-03-24-story-h-185587948-WHAT_AN_EARLY_BIRD_SHOULD_KNOW_ABOUT_SCGM

Posted by xiaoeh > 1 month ago | Report Abuse

Dear Just88,
what price did you start buying SCGM?

Posted by Just88 > 1 month ago | Report Abuse

Between 0.585 to 0.675

Posted by xiaoeh > 1 month ago | Report Abuse

thanks for your sharing Just88...
i'm very kiasi and may wait a bit lower and consider...

Posted by Just88 > 3 weeks ago | Report Abuse

get ready for definitive agreement ..........

Posted by Hungerr > 3 weeks ago | Report Abuse

When?

Posted by Just88 > 2 weeks ago | Report Abuse

Likely before end of this month

Posted by Safeld65 > 2 weeks ago | Report Abuse

What kind of agreement?

Posted by Just88 > 2 weeks ago | Report Abuse

Definitive agreement to acquire Eramas Global Group

Posted by Safeld65 > 2 weeks ago | Report Abuse

I see. Kinda missed out this news 😅 https://www.thestar.com.my/business/business-news/2024/03/20/scgm-to-acquire-eramas-global-to-regularise-cash-company-status

Posted by terrytankh > 2 weeks ago | Report Abuse

Just88, thank you for sharing , I just bought in at 0.645 . Please update for any new information .

Posted by Safeld65 > 5 days ago | Report Abuse

So far don't have latest news about SCGM