Good results in a difficult market. Why is MCC interested in Super? Expansion? Super is in Malaysia, Indonesia, Thailand, Philippines and China. Is it a good buy? Results seems to say yes. Reasonably cheap to acquire in USD terms.
I bought Super because of strong earnings and high NTA near Rm3.00
For the same reason I think Weida is cheap. It has almost Rm3.00 Nta. Weida is into Hdpe plastic pipes just like Super is into plastic signages. Both will benefit from cheap oil. Weida has the advantage of 11Mp projects in water, waste water, sanitary and infrar works.
I would rather buy Weida now at Rm1.63 than Super at over Rm2.70 now.
Hi Calvin I bought at the time LPT collecting at 80-100cts. To have big surprise better look at small cap with net cash and decent profit and out of radar. Maybe be Weida not Kulim.
You should check in on some of those fields below.
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Posted by SS13 > 2015-05-16 11:51 | Report Abuse
Due diligence ongoing. It is normal more than 30 days less than 60 days. Hopefully they decide to proceed with share offer at higher price.