Posted by ibull > 2014-08-28 12:18 | Report Abuse

30/10/2013 old data..... confirmed 160.036mil shares issued.

Posted by DreamConqueror > 2014-08-28 14:27 | Report Abuse

Brief but favourable write-up on this counter by StarBiz analyst today.

Posted by asahmad > 2014-08-28 14:31 | Report Abuse

DreamConqueror ...hv link for the news

Posted by DreamConqueror > 2014-08-28 14:36 | Report Abuse

No link. I just read the hard copy. Just get today's Star and go to page StarBiz 3.

Posted by busyweekly > 2014-08-28 14:37 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/08/28/Support-Line/

AHB Holdings hit a high of 27 sen on Tuesday, the best since April 2007, before pausing for a breather. Technically, prices are expected to consolidate due to growing overbought reason but investors can consider accumulating more on weakness, as other indicators remain bullish. Stronger support and heavy resistance are resting at the 20-sen mark and 36.5 sen-40 sen band respectively.

Posted by DreamConqueror > 2014-08-28 14:37 | Report Abuse

StarBiz page 3

Posted by DreamConqueror > 2014-08-28 14:38 | Report Abuse

Yup, that's the one.

Posted by rabbit75 > 2014-08-28 16:47 | Report Abuse

why tak jln?

Posted by anchovy > 2014-08-29 08:05 | Report Abuse

Jalan2 carik makan ke rabbit75?..:-)

Posted by rabbit75 > 2014-08-29 10:09 | Report Abuse

@anchovy.. biasa la.. rabbit lapar la..

Posted by alexling > 2014-08-29 19:28 | Report Abuse

financial year end net profit 0.805 million.

Posted by alexling > 2014-08-29 19:50 | Report Abuse

ayamtua, how about ur new tp>>?? thanks for u advise.

Posted by rabbit75 > 2014-08-30 00:37 | Report Abuse

0.8 million? So sikit meh? Meaning their profit is only rm 800,000?! Is it rm 0.8 billion instead? Pls correct

Posted by rabbit75 > 2014-08-30 00:54 | Report Abuse

But it's still profit..

Posted by rabbit75 > 2014-08-30 12:13 | Report Abuse

TP: 0.30

Posted by rabbit75 > 2014-08-30 22:25 | Report Abuse

Home 30 Aug 2014
Local World Business Sports
AHB aims to be the biggest in five years
Posted on 12 August 2014 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com


Yong fielding questions from the press while Dr Folk Jee Yoong, Director of AHB Holdings Bhd looks on. NORMAN HIU/ theSun
KUALA LUMPUR: AHB Holdings Bhd, which is expected to exit its Practice Note 1 (PN1) status by next month, targets to be the largest premium office furniture player in Malaysia in five years' time.

"The (premium office furniture) market has at least five players, we want a significant part among the five (players)…Malaysia is leading exporter of the office furniture market, (so) we don't look at the local market alone, but it's a nice market to look at," CEO-cum-managing director Yong Yoke Keong told a media briefing here yesterday.

He projects that the size of the premium office furniture industry could be worth RM200 million annually.

AHB, which is looking at growing its presence in India by setting up a representative office, has more than 25 export markets in different regions, making up about 85% of its total revenue.

The group triggered the PN1 criteria in August 2013 when it defaulted on a RM3 million payment.

It is due to settle this amount by the RM21 million it hopes to raise through a rights issue which was approved by shareholders last month.

"We have learnt our lesson and tend to keep our balance sheet very strong," he said, adding that the firm will hold a net cash of RM5 million to RM10 million after cleaning up its debts.

Operation-wise, the office furniture firm has started making profits in the current financial year, posting a net profit of RM605,000 for the nine-month ended March 31, 2014, a 20-fold jump from the RM30,000 it made for the same period the year before.

It made a net loss of RM8.86 million for the financial year ended June 30, 2013.

It is also notable that AHB still had accumulated losses of RM29.94 million as of March 31, 2014, but he said the issue will only be addressed at a later time.

Yong also said that the firm is on the lookout for acquisition opportunities, whereby it is already in talks with its foreign counterparts especially in Southeast Asia, but stressed that any acquisitions must be synergistic and generate high profits.

"The market is fragmented…We're always thinking (about) how to consolidate the market…but it's too early to make any statement on it, it's just a preliminary (talk), this acquisition will not be within this near future," Yong said.

Datuk Tiong Kwing Hee, the largest shareholder of AHB, through Dexx Technologies Sdn Bhd, holds a 19.43% stake, while Yong has 14.47% equity interest.

AHB also expects to build a furniture plant in Port Klang area next year to cater to the growing demand in the office furnish industry, besides having an assembly and quality control plant in Seri Kembangan at the moment.


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Posted by DreamConqueror > 2014-08-31 08:48 | Report Abuse

Build another factory somewhere in the east coast. Would contribute something to ECER, while making for easier shipments of products to markets in North East Asia.

Posted by rabbit75 > 2014-09-01 17:21 | Report Abuse

Someone who kutuk me will regret. They will bow to me when ths ctr stars to run. Better mark my word!!!

Posted by flyby > 2014-09-01 21:13 | Report Abuse

Somewhere early in 2014, 2,500,000 AHB warrants were transacted in the open market at 15sen. Subsequently they were converted to mother shares at 20sen. This represents about 5% paid up capital of AHB at the cost of 35sen. I thought it was an interesting observation. Why pay 35sen per share when market price was circa 20sen? Fill in the blanks and you may have an interesting investment.

Posted by kkennyong > 2014-09-01 23:29 | Report Abuse

Latest financial report looks good..

Posted by kkennyong > 2014-09-01 23:34 | Report Abuse

Right issue more than 51% over subcript.. going to fly soon?

Posted by AyamTua > 2014-09-02 05:36 | Report Abuse

kokokkk !

Posted by tamarindo > 2014-09-02 08:19 | Report Abuse

Hai ayamtua... Long time no see. Am in

Posted by tamarindo > 2014-09-02 08:20 | Report Abuse

Hope to fly soon...

Posted by kkennyong > 2014-09-02 09:20 | Report Abuse

Big drop.. last chance to board this ship?

Posted by tamarindo > 2014-09-02 09:47 | Report Abuse

ths is the sign.. then it will move..

Posted by tamarindo > 2014-09-02 10:09 | Report Abuse

just be patience..

Posted by tamarindo > 2014-09-02 10:34 | Report Abuse

yes! they start pushing the price.. just hold tight.. AyamTua, my sifu.. I always believe in you..

Posted by tamarindo > 2014-09-02 11:20 | Report Abuse

wait till 5 sept

Posted by Ragha168 > 2014-09-02 12:10 | Report Abuse

why DROP?????????????

Posted by tamarindo > 2014-09-02 13:42 | Report Abuse

ragha.. playing share mkt will always ada ups and downs.. it's just a matter when to enter or when to run.. as for me, i believe in this counter because so many hot news coming this week:-
1) Sept - expected to exit PN1
2) Good quarter profir
3) 5 sept - rights n warrants to be traded in the open mkt at the price of 0.35 subscibtion price

Posted by alexling > 2014-09-02 14:12 | Report Abuse

Hi tamarindo, where u get info item no. 3?

Posted by tamarindo > 2014-09-02 14:18 | Report Abuse

go to bursa announcement dated 29/08/2014

Posted by tamarindo > 2014-09-02 14:19 | Report Abuse

u got better and clear explanation..

Posted by tamarindo > 2014-09-02 14:20 | Report Abuse

i thk i have put it in incorrect sentence/ manner.. pardon me..

Posted by asahmad > 2014-09-02 15:04 | Report Abuse

Could not find "3) 5 sept - rights n warrants to be traded in the open mkt at the price of 0.35 subscibtion price"

Posted by asahmad > 2014-09-02 15:09 | Report Abuse

Mana Tuan Ayam Tua....hilang mana :)

Posted by abdulhalim > 2014-09-02 15:13 | Report Abuse

AyamTua dok intai nak masuk balik tu,,,tggu < 21 sen....kiki...!!!

Posted by tamarindo > 2014-09-02 15:16 | Report Abuse

@asahmad.. kan i dah kata, i salah tulis..

Posted by asahmad > 2014-09-02 15:17 | Report Abuse

hahaha...ok ok bro.

Posted by tamarindo > 2014-09-02 15:43 | Report Abuse

tapi tgk bursa announcement ye dated 29/08/2014 ya..

Posted by tamarindo > 2014-09-02 15:46 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING AHB HOLDINGS BERHAD (“AHB” OR THE “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 106,690,796 NEW ORDINARY SHARES OF RM0.20 EACH IN AHB (“AHB SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING AHB SHARE HELD AS AT 5.00 P.M. ON 7 AUGUST 2014 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH UP TO 71,127,197 FREE DETACHABLE NEW WARRANTS (“NEW WARRANTS”) ON THE BASIS OF TWO (2) NEW WARRANTS FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)

AHB HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description AHB HOLDINGS BERHAD (“AHB” OR THE “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF UP TO 106,690,796 NEW ORDINARY SHARES OF RM0.20 EACH IN AHB (“AHB SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING AHB SHARE HELD AS AT 5.00 P.M. ON 7 AUGUST 2014 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH UP TO 71,127,197 FREE DETACHABLE NEW WARRANTS (“NEW WARRANTS”) ON THE BASIS OF TWO (2) NEW WARRANTS FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)



We refer to the announcements made on 29 October 2013, 15 November 2013, 6 June 2014, 13 June 2014, 30 June 2014, 1 July 2014, 16 July 2014, 22 July 2014 and 7 August 2014 in relation to the Rights Issue of Shares with Warrants (collectively referred to as “Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue of Shares with Warrants at 5.00 p.m. on 22 August 2014 (“Closing Date”), the total valid acceptances and excess applications received for the Rights Issue of Shares with Warrants was 162,002,624 Rights Shares with New Warrants, representing approximately 151.84% of the Rights Shares with New Warrants available for acceptances under the Rights Issue of Shares with Warrants, which represents an over-subscription rate of 51.84%.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:




No. of Rights Shares with New Warrants
Percentage of total Rights Shares with New Warrants available for acceptance (%)
Total valid acceptances
99,956,064
93.69
Total valid excess applications
62,046,560
58.15
Total valid acceptances and excess applications
162,002,624
151.84
Total Rights Shares with New Warrants available for subscription
106,690,796
100.00
Over-subscription
55,311,828
51.84


The Board has applied the following basis in allocating the excess Rights Shares with New Warrants, in accordance with the Abridged Prospectus dated 7 August 2014:

firstly, to minimise the incidence of odd lots;


secondly, on the pro-rata basis to the Entitled Shareholders who have applied for the excess Rights Shares with New Warrants, taking into consideration their respective shareholdings in the Company as at the Entitlement Date on a board lot basis;


thirdly, on a pro-rata basis to the Entitlement Shareholders who have applied for excess Rights Shares with New Warrants, taking into consideration the quantum of their respective excess application; and


lastly, on a pro-rata basis to the transferees and/or renounces who have applied for excess Rights Shares with New Warrants, taking into consideration the quantum of their respective excess application.


The Rights Shares with New Warrants are expected to be listed and quoted on the Main Market of Bursa Securities on 5 September 2014.

This announcement is dated 29 August 2014.

Announcement Info
Company Name AHB HOLDINGS BERHAD
Stock Name AHB
Date Announced 29 Aug 2014
Category General Announcement
Reference No OS-140828-35489

Posted by tamarindo > 2014-09-02 16:40 | Report Abuse

last call for boarding..

Posted by yanxuan8 > 2014-09-02 22:46 | Report Abuse

Will this counter be uplifted from PN1 as well on 5th September? Just like IDEAL, it was uplifted from PN17 on the same day the rights share listed. Then it is really a boarding time now!

Posted by tamarindo > 2014-09-02 22:54 | Report Abuse

Only God knows. If it really happens, then it's juz a coincidence. But the company has already shows profit n i thk they will make it

Posted by alexling > 2014-09-03 13:34 | Report Abuse

go......

Posted by tamarindo > 2014-09-03 13:44 | Report Abuse

i can see the light already.. the price slowly starts to push up. Dont care on the little volumes since not many discovered the gems rest in this counter.. :)

Posted by afata08 > 2014-09-03 15:07 | Report Abuse

Probably if it follow IDEAL case..what would be price then..!!

Posted by kkennyong > 2014-09-03 15:16 | Report Abuse

Yes.. it starts.. slowly with low volume is good.. it can last longer and go higher

Posted by tamarindo > 2014-09-03 16:38 | Report Abuse

now people has started eyeing this counter already