KUCHAI DEVELOPMENT BHD
KLSE (MYR): KUCHAI (2186)
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Last Price
0.775
Today's Change
+0.005 (0.65%)
Day's Change
0.765 - 0.78
Trading Volume
133,100
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.775
Avg Target Price
Upside/Downside
Price Call
0
SELL
0
HOLD
0
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
4 people like this. Showing 50 of 1,047 comments
Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍
2 months ago
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description (I) DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("DISPOSAL"); AND
(II) DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION AND REPAYMENT AND DIVIDEND-IN-SPECIE ("DISTRIBUTION")
(COLLECTIVELY, "PROPOSALS")
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024 and 10 October 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.
Reference is made to Section 4 of the Circular and the Company's announcement on 10 October 2024 in relation to the completion of the Disposal.
On behalf of the Board, RHB Investment Bank wishes to announce that, following the completion of the Disposal, an application was submitted to Bursa Securities on 11 October 2024 to seek the guidance of Bursa Securities on whether KDB is considered as a Cash Company under Paragraph 8.03 of the Listing Requirements.
The Company is currently pending a decision from Bursa Securities on the abovementioned matter.
This announcement is dated 11 October 2024
2 months ago
Considering both the 20c dividend AND the upcoming SBagan dividend in specie, the yield is an astounding 69.3% @ the current price of $2.16!
Lelong LELONG! By 11 Dec the price will almost surely be above $2.35!
2 months ago
What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?
2 months ago
I'm neither a lawyer nor a corporate M&A expert but doesn't the latest announcement imply that SBagan already owns all of Kuchai's former assets except its cash pile & its Semenyih land while the latter already owns 26.7 mil of the former's shares?
2 months ago
Oh, the deal already done? I thought they going to fix a date for the actual transfer.
2 months ago
Will Kuchai price adjust down after it goes ex-dividend? How much will it adjust down?
1 month ago
Dow Jones
Dow Jones Industrial Average
43,417.66
-333.20
0.76%
Nasdaq
NASDAQ Composite
18,652.49
-455.15
2.38%
1 month ago
Posted by AhPek > 8 hours ago | Report Abuse
After adjustment, 1.40???
How do you calculate to get RM1.40?
1 month ago
Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...
1 month ago
dompeilee
Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...
1 day ago
T + 1 only & already +17%😘
1 month ago
What is happening? will still receive RM0.2/unit? and the stock will change to sbagan share automatic??
1 month ago
My understandings, post distribution of SB shares and B4 x-dividend, the remaining assets held by KD(PN 16)
1. Cash (net) 84 M
2. Land 8 M
NOS123.7M. NTA 0.744.
Post x 0.20 dividend (12/12/24), NTA 0.544
Crediting date of SB shares: 2/12/24
1 month ago
SO if I have 1000 units. i will receive 216 units of Sbagan (Sbagan worth RM5.9/unit) on 2/12/24... if i keep Kuchai stock, i will get RM0.2/unit?
1 month ago
currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.
effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.
Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16
4 weeks ago
So the user bought at RM2+ will received some Sbagan share. while the guys bought atRM0.9 will only received RM0.2/ unit at dividends?
3 weeks ago
so the company intend to do what with empty shell now? interesting new ventures coming/?
3 weeks ago
I think they diversify, they are investor in invesment fund, commodity, security and also land and property for rental. Currently they sell of the land to sbagan and become cash rich, so they may use the cash for venturing different invesment. It is sort of like Matrix Holding where they invest for you (Invesment holding company)
3 weeks ago
I think all was given to Sbagan, and left with mostly cash and some land. They basically cash rich company and plan for new investment method, so this will depends on their next action.
Kuchai is under Kluang Rubber, Sbagan is sister company
Main company is Nyalas Rubber Estate Limited in Singapore
3 weeks ago
Hope the cash rich empty shell will give another special dividend or return all the cash to the shareholders!
1 month ago
Yesterday closing was 1.14, today exdate, Bursa system automatic will adjusted 0.20 to 0.94 for the dividend which will be paid next month. However the share price open, up or down depend on market demand and supply
1 week ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Diamond7
@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up
Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!
2 months ago