SUNGEI BAGAN RUBBER CO (M) BHD

KLSE (MYR): SBAGAN (2569)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

6.41

Today's Change

0.00 (0.00%)

Day's Change

6.41 - 6.41

Trading Volume

2,000

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
3 people like this. Showing 50 of 265 comments

AhPek

Kuchai at a losing end. Sg Bagan is the biggest gainer.

4 weeks ago

Diamond7

Kuchai oso will up...
Together with SBagan n Kluang
All up up together

Lucky
Kuchai get 222 SBagan

4 weeks ago

Diamond7

@AhPek
I agree with you
Biggest winner is SBagan
But all the three musketeers will up together with Great Eastern deal
Directly or indirectly all the three musketeers gain big harvest from this deal.

4 weeks ago

Zhlim014

Will you all still hold after this huge spike due to it still being undervalued?

4 weeks ago

Diamond7

Must look at how much is the special dividend

4 weeks ago

dompeilee

Great Eastern trading @ S$26.15, 55c or 2% ABOVE offer price. Great thing I'm holding all 3 beneficiaries of OCBC's attempt to sapu insurer cheaply!😊

4 weeks ago

Zhlim014

Hope ocbc will up offer in geh

4 weeks ago

Diamond7

Great Eastern share holders are given till 31/5 to sign n sell their shares to OCBC

Some minority share holders of OCBC are unhappy....saying that the offer to buy great Eastern is too expensive!

Let's hope that the deal will go through!

4 weeks ago

Zhlim014

On the contrary, geh shareholder are very angry as embedded value is 36.59 but ocbc is offering only 25.60

4 weeks ago

dompeilee

OCBC...so loaded but cheapskate...that's why failed in 2004 & 2006...& will likely fail in 2024 if bid not raised to closer to S$30! Hopefully, both sister cos. will not be swayed by their Lee Rubber affiliations & hold out for a better offer instead of caving in to the $25.60 offer. After all they have held on for the past 50+ years!

4 weeks ago

Zhlim014

If accept, the first friday when ocbc table offer, think will have immediately delisted.

4 weeks ago

Zhlim014

This is purely my guess

4 weeks ago

lionel messi

If they don't accept OCBC's offer, the three sisters will go back to sleep for another 50 years. Think everybody is old and tired already. Just accept and move on.

4 weeks ago

Diamond7

Yes
If deal does not go through SBagan will go back to 3.60...

4 weeks ago

Diamond7

Mr Wong Hong Sun, whose grandfather was chairman of Great Eastern for close to 20 years, holds more than three million shares. “Even if I am not sentimental, I won’t sell,” he said. “Half price is no way.”

Can the deal go through?
🤞🤞

I pray pray the shareholders will accept the offer n the deal goes through!

4 weeks ago

Zhlim014

Dont think will fall to 3.60 ah

4 weeks ago

zildjian

if sg bagan back to square RM3.600, sailang all and keep for nxt generation

4 weeks ago

Ovantage

We have till end of June for geh shareholders to decide..at least 28 days from now

4 weeks ago

Ovantage

Like what I said, if Ocbc can strike a deal with lee Thor seng.. they can compulsory acquire geh shares at that price.. lee Thor is one one the key with 7.733 million geh shares under his control

4 weeks ago

Diamond7

Singaporeans very legalistic!

EY the financial adviser will advice !
Chances are...
The deal will go through!

3 weeks ago

dompeilee

A piece of UNBELIEVABLE LUCK 2day!!! I managed to fortuitously grab 84 units of Sungei Bagan odd lots shortly after I logged in @ 4:10 pm offered for sale @ $4.77, thus saving $136 compared to the lowest price on the board lot mkt!!! SOLD 300 more units of sister Kuchai that roughly represents the no. of SBagan shares that I so fortunately bought @ a huge discount!!!

3 weeks ago

Diamond7

@Dompeilee
Congrats!
Happiness!
Good Luck!

Pray pray deal will go through n OCBC will offer a higher price to take over!

3 weeks ago

Zhlim014

Definetly not at 25.60. Sg bagan shareholder may benefit from a revised offer of their share instead

2 weeks ago

lionel messi

Or sell to the market. More than 26 currently.

2 weeks ago

lionel messi

Decision time is near. Accept or reject?

1 week ago

Diamond7

OCBC intends to delist GE if the free float requirement of 10 per cent is not met, noted EY in a letter to independent directors that advised them on making recommendations to GE shareholders.

1 week ago

Diamond7

Toggle navigation


OCBC’s offer to Great Eastern shareholders ‘not fair but reasonable’, shareholders should accept it: EY
Prisca Ang
Business Correspondent
UPDATED JUN 14, 2024, 09:52 PM
FacebookTelegram
SINGAPORE – OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14.

In a separate statement after EY’s filing to the Singapore Exchange, OCBC said its $25.60 a share offer price is final and will not be increased. The bank also extended the offer’s closing date from June 28 to July 12.

OCBC made a $1.4 billion bid on May 10 to take its insurance arm GE private following recent shareholder unhappiness over falling returns. Its voluntary, unconditional general offer was for the 11.56 per cent stake in GE that it does not own.

1 week ago

Diamond7

The offer price represented a 36.9 per cent premium over GE’s closing price of $18.70 on May 9. However, it was also 30 per cent lower than the insurer’s $36.59 per share embedded value as at the end of the insurer’s last financial year.

OCBC had received acceptances for 1.74 million GE shares, or 0.37 per cent of the total, as at the end of June 13.

This raises the bank’s stake in GE to 88.8 per cent, and to 89.01 per cent if the number of shares held by OCBC’s concert parties is included. Concert parties refers to a group of investors who buy shares in the same company.

1 week ago

Zhlim014

Ocbc has to offer a higher price if not cannot delist as offer is unfair but reasonable

1 week ago

speakup

Life is not fair

1 week ago

lionel messi

Think OCBC will easily reach 90% by the July 12 deadline. Game over?

1 week ago

dompeilee

Under SGX rules, using Boustead Projects as an example in '23, even if 90% reached, in order to DELIST the co. the offeror needs to make a FAIR & REASONABLE offer to remaining holders. In Boustead's case, the initial 90c offer was raised to S$1.18 BUT the early acceptances did NOT benefit from the final raised offer.

6 days ago

Zhlim014

So worst case scenario is $28.80

6 days ago

Zhlim014

$28.88

6 days ago

Diamond7

@Dompeilee
Good that SGX has such a rule
Probably it's only a matter of time that the great Eastern shares will all be sold to OCBC.

Let's wait patiently!

5 days ago

Diamond7

If can be sold at a higher price @zhlim
Would even be better!!!

5 days ago

zildjian

mana tau announce special dividen after deal

5 days ago

Zhlim014

I also vested as i have some geh shares

5 days ago

Zhlim014

But this saga may drag longer than expected.

5 days ago

Zhlim014

We not sure whether ocbc will give that fair and reasonable price on delisting day. If no have, means share suspension

5 days ago

Zhlim014

Then 6 month later relist back again

4 days ago

Diamond7

SGX rule very very strict!
Fair n transparent!
They act fast too

4 days ago

Diamond7

Presently, and mindful of the 10% free-float rule, investors in GEH are concerned that the purchase price on June 19 is at a significant discount to GEH’s embedded value of $37.81 per share in FY2022. This, in turn is 2% lower than FY2021’s $38.57.

Embedded value is the sum of the value of In-Force Business and the value of the adjusted Shareholders’ Funds. The value of the In-Force Business is calculated using cash flow assumptions for future operating experience and are discounted at a risk-adjusted discount rate. The value of the In-Force Business varies from traditional DCF methods to arrive at an NPV because the risk-adjusted discount rate and allowance for the cost of holding statutory reserves for risk are approximates.

The economic value of one year’s new business rose by 7.1% y-o-y in FY2022 to $860.4 million. However, shareholders’ equity fell by 6% to $9,431.4 million.

The closer OCBC’s stake gets to 90%, the stronger the likelihood of compulsory acquisition by OCBC

4 days ago

Zhlim014

Firstly, even after fair and reasonable, it also have to meet threshold of 75% valid acceptance. Then for compulsory acquisition, is 90% of independent shareholder.

2 days ago

Diamond7

INGAPORE - Minority shareholders of Great Eastern (GE) who are holding out for a better exit offer from OCBC Bank may be in for a long wait. How long?

Twenty years or so, if history is anything to go by.

5 hours ago

lionel messi

Does the yearly dividend from Great Eastern justifies the holding out for a better offer?

4 hours ago

Post a Comment