SCGM BHD

KLSE (MYR): SCGM (7247)

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Last Price

0.62

Today's Change

-0.005 (0.80%)

Day's Change

0.62 - 0.62

Trading Volume

51,000


13 people like this.

2,879 comment(s). Last comment by Safeld65 17 hours ago

Brutus

292 posts

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.

Just88

452 posts

Posted by Just88 > 1 month 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.

Just88

452 posts

Posted by Just88 > 1 month 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

yauyau57

23 posts

Posted by yauyau57 > 4 weeks ago | Report Abuse

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

csan

435 posts

Posted by csan > 4 weeks 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.

csan

435 posts

Posted by csan > 4 weeks ago | Report Abuse

Just88, any idea on Eramas' net profit?

Just88

452 posts

Posted by Just88 > 4 weeks ago | Report Abuse

All i know is the business growth is very good.

Just88

452 posts

Posted by Just88 > 4 weeks ago | Report Abuse

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

Just88

452 posts

Posted by Just88 > 4 weeks 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.

Just88

452 posts

Posted by Just88 > 4 weeks 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.

Just88

452 posts

Posted by Just88 > 4 weeks 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.

Just88

452 posts

Posted by Just88 > 4 weeks ago | Report Abuse

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

xiaoeh

2,071 posts

Posted by xiaoeh > 3 weeks ago | Report Abuse

Dear Just88,
what price did you start buying SCGM?

Just88

452 posts

Posted by Just88 > 3 weeks ago | Report Abuse

Between 0.585 to 0.675

xiaoeh

2,071 posts

Posted by xiaoeh > 3 weeks ago | Report Abuse

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

Just88

452 posts

Posted by Just88 > 2 weeks ago | Report Abuse

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

Hungerr

154 posts

Posted by Hungerr > 2 weeks ago | Report Abuse

When?

Just88

452 posts

Posted by Just88 > 2 weeks ago | Report Abuse

Likely before end of this month

Safeld65

47 posts

Posted by Safeld65 > 2 weeks ago | Report Abuse

What kind of agreement?

Just88

452 posts

Posted by Just88 > 2 weeks ago | Report Abuse

Definitive agreement to acquire Eramas Global Group

Posted by terrytankh > 1 week ago | Report Abuse

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

Safeld65

47 posts

Posted by Safeld65 > 17 hours ago | Report Abuse

So far don't have latest news about SCGM

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