@FBMKLCI2015 okay...thanks for your understanding. Of course I want KTC to go up as high as the sky...there is nothing wrong with that. But based on my experience, there will be some profit taking happening...because it has gone 100% over the IPO price. I just want people to be careful and not to be trapped. All these are based on my own personal experience. I share because I care. Not because I want KTC to go down...please don't mix up the thing. I got burnt before chasing shares already go up 100% and still going up. After that it went down with a bang, I lost. So it is better to be careful...thats all.
Jun 2012 Jun 2013 Jun 2014 Jun 2015 Revenue (RM’000) 200,332 222,731 229,530 299,866 Profit after Tax (RM’000) 3,895 4,490 5,485 7,050
Establish since 1938
Kim Teck Cheong Consolidated Bhd, a Sabah-based consumer package goods manufacturer and distributor, is scheduled to be listed in ACE Market of Bursa Malaysia on 25th November 2015.
The Initial Public Offering (IPO) consists of 142 million new ordinary shares at an IPO price of RM0.15 per share at RM0.10 par value. 91.745 million shares will be for private placement & selected investors, 34 million shares to the Malaysian public while the remaining 16.255 million shares are allocated for employees & person who contributed to the success of Kim Teck Cheong Consolidated Berhad.
The IPO will raise about RM21.3 million in proceeds. Out of this, RM9 million will be use for aquisition of warehousing facilities in Sibu, Miri & Kuching, RM2 million for construction of new warehouse in Kota Kinabalu, RM3 million for purchase of equipment, RM4.7 million for working capital & the remaining RM2.6 million is for listing expenses.
Currently, Kim Teck Cheong Consolidated has 18 distribution warehouses and centres across Sabah and Sarawak. The warehouse used to distribute third-party brands of products, including Gillette, Dynamo, Coca-Cola, Kimberly-Clark, Ralph Lauren and Shiseido.
The company wholly-owned subsidiary Creamos (Malaysia) Sdn Bhd. manufactures its own food and beverage products. The products produced at its existing bakery manufacturing plant in Kota Kinabalu, Sabah.
Kim Teck Cheong Consolidated will be introducing 20 new products under its in-house brands over the next five years.
Distribution of third-party brands contributed the bulk of the company’s revenue at 90% while the remaining 10% are from in-house brands.
Kim Teck Cheong Consolidated has been operating since 1938 and has the major share of the Sabah consumer package goods market The company entered Sarawak market 2 years ago and progressively growing its foothold.
The company is eyeing expansion into Brunei, by establishing a distribution centre there. Discussions are ongoing for a RM1.54 million acquisitions of a distribution company in Brunei, which it intends to conclude early next year.
“PATIENCE. This is one of the very important qualifications for success in trading. First, you must have the patience to wait for an opportunity to determine a definite buying or selling point.”
KTC is well known in Sabah /Sarawak. IPO at 15 but now trading at 30. need to wait how the counter absorbed the 732 Million(bumi ) and 855 Million (public ) under the IPO.
we need to look at external and the local market. if a bull-run (close one eye ) and you can still make money. Monitor KTC and see how the counter close for the day.
Jonathan Red Sena, cant compare with KTC, KTC with solid business and their business cultures is something needed in the market. While Red Sena (SPAC), is something new to the market in Malaysia and it's really take time to see the profit..
Bursa Malaysia ACE Market-listed Kim Teck Cheong Consolidated Bhd is eyeing an upgrade to the Main Board within two years.
Consumer packaged goods distributor Kim Teck Cheong executive director Dexter Lau said the company had already fulfilled the requirements to be listed on the Main Board.
"We aim to transfer to Main Board in one and a half years or two years," Lau told reporters at Kim Teck Cheong's listing ceremony here today.
Kim Teck Cheong is planning an expansion to Brunei. Lau said the Sabah-based company hoped to own a distribution centre in Brunei.
He said the company had proposed to acquire a Brunei-based firm for RM1.54 million. According to him, the acquisition will be funded internally and not from the initial public offering (IPO) proceeds.
"We will be making the announcement in the first quarter of 2016. We will then own a distribution centre in Brunei. This will bring the number of distribution centres to 19," Lau said.
Kim Teck Cheong's IPO involved a public issue of 142 million new shares at 15 sen each, valuing the company at RM76.54 million. The market capitalisation is based on the group's expanded issued share capital of 510.28 million units.
Today, Kim Teck Cheong shares jumped as much as 19.5 sen or 130% to 34.5, to become Bursa Malaysia's most-active stock.
At 11.09am, the fourth-largest gainer was traded at 31 sen, with some 143 million shares done. Earlier, the stock opened at 30 sen, with about 14.01 million shares traded. – The Edge Markets, November 25, 2015.
Consumer packaged goods distributor Kim Teck Cheong executive director Dexter Lau said the company had already fulfilled the requirements to be listed on the Main Board.
"We aim to transfer to Main Board in one and a half years or two years," Lau told reporters at Kim Teck Cheong's listing ceremony here today.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
richkid
8,140 posts
Posted by richkid > 2015-11-25 10:39 | Report Abuse
@FBMKLCI2015 okay...thanks for your understanding. Of course I want KTC to go up as high as the sky...there is nothing wrong with that. But based on my experience, there will be some profit taking happening...because it has gone 100% over the IPO price. I just want people to be careful and not to be trapped. All these are based on my own personal experience. I share because I care. Not because I want KTC to go down...please don't mix up the thing. I got burnt before chasing shares already go up 100% and still going up. After that it went down with a bang, I lost. So it is better to be careful...thats all.