Posted by gemfinder > 2020-10-20 23:14 | Report Abuse

No more disposal anouncement

Posted by gnail > 2020-10-21 10:43 | Report Abuse

we still can track samarang's share amount:

assume 80% of the total volume every day is from samarang's disposal, and samarang still have 18 million share at the moment,

18 million - [(sum of all the daily volume start from today) x 80%] = estimation of samarang's remaining share

Posted by Multibagger > 2020-10-21 14:47 | Report Abuse

About 16 mil now as 19 Oct disposed another 1.77 mil.
It seems that Samarang is quite desperate to sell down further. With not much buying support, price can come down fast. If you see the long term prospect of Daibochi is bright, this will be a good opportunity to accumulate whenever Samarang get more desperate.

Posted by gnail > 2020-10-21 15:48 | Report Abuse

yes, multibagger, it will be a good opportunity for us later.

Posted by gemfinder > 2020-10-22 13:49 | Report Abuse

Total disaster

Posted by gnail > 2020-10-22 19:27 | Report Abuse

price drop below EMA60 already.

Posted by liegelord > 2020-10-23 23:30 | Report Abuse

haiz...


wrong investment again for this counter!!!

Posted by jberon > 2020-11-02 11:03 | Report Abuse

turun laju woah....

Posted by gnail > 2020-11-02 18:37 | Report Abuse

down trend line 45 degree sangat cantik

Posted by spicyketchup > 2020-11-12 09:24 | Report Abuse

Lol. Wei why nobody layan this counter ar? Steady back up again phew. Any good news ar guys?

Posted by gemfinder > 2020-11-13 15:24 | Report Abuse

looks like acumlation.. break out soon

Posted by cbkia4896 > 2020-11-17 19:28 | Report Abuse

The next scientx. Will fly soon

Posted by gemfinder > 2020-11-17 22:19 | Report Abuse

Just released anual report. Wil add more

Posted by Multibagger > 2020-12-13 14:57 | Report Abuse

https://m-bagger.blogspot.com/2020/12/daibochi-long-term-sustainable-growth.html

Posted by chshzhd > 2020-12-16 11:59 | Report Abuse

today agm

Posted by Brian Axelrod > 2020-12-16 20:37 | Report Abuse

good prospect going to up tomorrow

Posted by gemfinder > 2020-12-16 21:24 | Report Abuse

Good result

Posted by Dakewlest > 2020-12-23 04:04 | Report Abuse

Bought this stock yesterday. Hoping to reach RM3.00 soon.

Posted by victory015 > 2021-01-07 22:53 | Report Abuse

this stock has good profit last year, and stock price goes down

Posted by stevenckheng > 2021-01-09 16:49 | Report Abuse

buy, no dine n, more plastic!

Posted by victory015 > 2021-01-13 22:40 | Report Abuse

MCO, more demand for daiboci products.

Posted by chshzhd > 2021-01-24 14:25 | Report Abuse

keep cool ..

Posted by Dakewlest > 2021-01-25 23:19 | Report Abuse

Hopefully daiboci can follow scientex. Doiboci is like scientex 2.0, but without property business...

Posted by Alex Chua > 2021-02-05 03:23 |

Post removed.Why?

Posted by benlim > 2021-02-08 10:20 | Report Abuse

In 2020 AR, about 10% revenue come from Daibochi Myanmar. In recent politic crisis, better step aside.
https://www.bbc.com/news/world-asia-55960284

Posted by chshzhd > 2021-03-09 19:26 | Report Abuse

good QR

Posted by terence775 > 2021-03-09 23:18 | Report Abuse

Record high QR. Good company, but nobody interested. Thinly traded, but I'm holding tight.

Posted by Multibagger > 2021-03-10 07:40 | Report Abuse

Short term material cost pressure but long term growth intact as sustainable FPP starts to gain acceptance by MNCs.

Posted by Zackmeiser > 2021-03-28 14:46 | Report Abuse

Myanmar getting nastier each day got by. Is the company affected by it?

Posted by Bgt 9963 > 2021-03-28 14:50 | Report Abuse

To the brink of collapsed....!

Posted by BobbyAxelrod > 2021-06-21 08:46 | Report Abuse

Pricing power gives plastic packaging manufacturers an earnings boost

https://www.theedgemarkets.com/article/pricing-power-gives-plastic-packaging-manufacturers-earnings-boost

TGUAN, SLP, TOMYPAK, SCGM, SCIENTX, DAIBOCI

Posted by BobbyAxelrod > 2021-06-22 20:57 | Report Abuse

Meanwhile, for the full nine-month period, Daibochi’s net profit increased by 4.66% to RM38.14 million from RM36.45 million a year ago, largely attributable to the applicable tax incentives derived from ongoing machinery capacity and capability expansion.

The group’s revenue, on the other hand, rose marginally by 1% to RM468.14 million from RM463.5 million previously.

Moving forward, the group said demand for flexible plastic packaging (FPP) in the food and beverage (F&B) and fast-moving consumer goods (FMCG) sectors remains resilient alongside the region’s population growth and urbanisation, as well as consumers’ preference for convenience and environmentally friendly packaging.

Posted by Zackmeiser > 2021-07-20 14:21 | Report Abuse

Not looking good at the moment. Especially in myanmar.

Posted by clc689 > 2021-09-11 19:43 | Report Abuse

Most of packaging counters surged due to good results.
Management mentioned the Myanmar operation condition getting better in Apr 21

if company able to increase product ASP like its peers with improved Myanmar Operation means worst is over?

MCO not affected much in local operation, considered it's essential industry.

Posted by hpcp > 2021-09-13 13:54 | Report Abuse

Offer price not attractive

Posted by cbkia4896 > 2021-09-13 13:56 | Report Abuse

walao so low offer price... scientex so cheap skate ah :P

Posted by Bgt 9963 > 2021-09-13 13:58 | Report Abuse

Quickly take private...

Posted by Bgt 9963 > 2021-09-13 14:00 | Report Abuse

AGM..must gang up to abort the take over offer....

Posted by dragon328 > 2021-09-13 14:18 | Report Abuse

Scientex's offer of RM2.70 per share is way too low. I do not expect many minorities shareholders of Daibochi will accept it.

Posted by dragon328 > 2021-09-13 14:24 | Report Abuse

Daibochi is at the tail end of its expansion program to increase capacity by 60%. If it manages to secure enough customers for 80% of the additional capacity, its earnings will increase by 50% within 2 years to 25 sen per share. Operational cash flows will be even stronger at close to 40 sen per share. It would be able to declare dividends up to 25 sen per share every year.

For a dividend yield of 7%, Daibochi should trade above RM3.50.
For a dividend yield of 5%, Daibochi should be worth RM5.00!!

Posted by dragon328 > 2021-09-13 14:30 | Report Abuse

Scientex got a controlling stake in Daibochi at rock bottom price of RM1.60 in 2019. Now 2 years on, it is trying to sapu all remaining shares at another bargain price of RM2.70.

The fact that Scientex is willing to offer 68% higher price than its original take over price in just 2 years clearly shows that Scientex sees great value and potential of Daibochi.

But it should offer a price with at least 50% premium to 5-day average market price or RM3.30 per share for Daibochi and RM0.80 per wb to show its sincerity, like what KLK offered to buy over IJM Plantation.

Posted by Multibagger > 2021-09-13 14:49 | Report Abuse

Lets try to put up a fight for higher offer price :)

Posted by bojed > 2021-09-13 15:57 | Report Abuse

I bought WB at 0.13 last month yeeeehaaaaa!!!

Posted by vcpmaster123 > 2021-09-13 16:44 | Report Abuse

Don't think many minority will accept the offer at 2.70....perhaps at 3.00 people will sell to scientex

Posted by dragon328 > 2021-09-13 17:10 | Report Abuse

should not sell even at RM3.00 to Scientex and don't let Scientex to get over 90% stakes. Hold on for higher offer price above RM3.00 or stay on to reap long term benefits from this great company. In time, it should trade up to CIMB's target price of RM3.83.

Posted by gemfinder > 2021-09-13 17:11 | Report Abuse

canot fight la... scientx holds a lot oredi...

Posted by thesteward > 2021-09-13 17:39 | Report Abuse

The offer is fair in my opinion.

Posted by dragon328 > 2021-09-13 20:38 | Report Abuse

The offer is not fair but reasonable.

Why cannot fight? Why do we have to accept the offer if not fair?

Daibochi is the largest flexible plastic packaging company in Malaysia for the F&B industry and has expanded business to Australia and Myanmar. Its earnings are at the edge of flying off after spending over RM50m capex to expand capacity by 60% in past one year. Scientex knows it very well that Daibochi has tremendous potential to scale new highs in new market reach and earnings base, hence the offer to increase its stakes from 61%. Scientex is trying to reap all the benefits of exponential earnings growth of Daibochi by taking it private, as it is eyeing all the projected free cash flows of over RM130m a year from Daibochi by spending RM345m to take it private, getting back all its money within 2.5 years.

Posted by observatory > 2021-09-14 00:03 | Report Abuse

Scientex's offer is inadequate.

All the three analysts who follow Daibochi have buy call on it. Their TPs range from RM2.90 to RM4.04. They are all higher than Scientex's miserable RM2.70.

The other way to gauge is to compare against the past 5 years average forward PE of 20.5X. Based on FY22E EPS of 19 sen, Scientex's offer price implies a forward PE of only 2.7 /0.19 = 14.2X. The offer is 31% below the past 5 year average. At the 5 year average of 20.5X the offer should be worth RM3.9.

Moreover just by paying the average is not enough. Acquirers usually pay a premium to gain complete control.

Obviously Scientex is taking advantage of the current, temporary low point. Shareholders should simply reject its offer.

Posted by Multibagger > 2021-09-14 04:31 | Report Abuse

If any 2 of these 3 funds.. Appollo Asia fund, Samarang Asian prosperity fund, Public Islamic fund, do not accept the offer, privatization is out as any 2 combined already hold more than 10%, but this exercise is not conditional upon any minimum acceptance. So even if Scientex can acquire 20% at 2.70, thats a good deal for Scientex to get this 20% relatively cheap. My guess is Scientex just want to collect as much as it can at 2.70, knowing this offer price is not attractive enough to get to 90% threshold to make compulsory acquisition.