KLSE (MYR): ANNUM (5082)
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Hi, I asked ChatGPT to translate part of the article
https://klse.i3investor.com/web/blog/detail/nanyang_warrants/2023-02-27-story-h-297334794
The result is:
Title: Nanyang - Warrants Column / Wen Shilin
Entering the Intelligent Agriculture Industry, ANNUM and Its Warrants Deserve Attention / Wen Shilin
ANNUM-WA, a warrant issued by ANNUM (5082, Main Board Industrial Stock), was listed on Bursa Malaysia last Tuesday. The warrant was part of ANNUM's recently completed additional share issuance plan, and was distributed free of charge to subscribers at a ratio of 3 warrants for every 4 shares subscribed, with a total of 97.5 million units issued.
It is worth noting that the subscription rate for this additional share issuance plan was not high due to the issue price of 30 cents being higher than the market price. However, some investors made up for this by subscribing for additional shares, enabling the company to achieve its target fundraising.
After its listing, ANNUM-WA traded between 6.5 cents and 8 cents, and closed at 8 cents last Friday. ANNUM's mother stock has been on a downward trend for the past year, falling from a high of about 85 cents to 24.5 cents last Friday.
Formerly known as New Hoong Fatt Holdings, ANNUM is engaged in the plywood and construction businesses. However, the group has entered the intelligent agriculture industry through this corporate activity, mainly by cultivating Japanese melons through the additional share issuance plan.
For the first three quarters ending on September 30, 2022, ANNUM's revenue increased significantly by 40% from RM167.16 million in the first three quarters of 2021 to RM234.20 million. The company's net profit, however, decreased by 48% to RM22.68 million.
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2023-02-27 10:50
Bullish on the Future of Fruit and Vegetable Farming
According to the company's financial report, the increase in revenue mainly came from the company's wholesale business. However, due to a one-time negative goodwill gain of MYR 20.69 million in 2021, the profit for 2022 appears to have decreased significantly.
Based on its positive outlook for the future of fruit and vegetable farming in Malaysia, the company has decided to enter this industry and expects the new business to contribute at least 25% of its net profit.
The premium for ANNUM-WA is currently at 55.1%, which is relatively high for a warrant that will expire in two years. The warrant is also considered expensive due to its higher implied volatility compared to the historical volatility of the underlying stock.
Due to the significant drop in ANNUM's share price from its high, as well as the appearance of new significant shareholders after the issuance of the additional shares, there is a greater possibility of a rebound at a lower level, leading to support from investors for ANNUM-WA, which has a lower entry cost.
Disclosure: The author of this article holds shares in the company mentioned.
Disclaimer
This article is purely for academic or experiential advice, and readers who are interested in investing should conduct their own research or seek advice from a stockbroker before making a decision. Investment involves risk, and we encourage the creation of wealth through correct investment methods.
2023-02-27 10:52
End of translation.
The table in the Chinese article is not translated since it is in jpg format and I dont know how to turn it into text for ChatGPT to read. Happy Investing, Good Luck!
2023-02-27 10:57
@AlfI3 Don't know why it spike up! I think it makes sense to go up, but why today? and why spike? Could it be some big buys also notice ANNUM and buy it while it's cheap??
2023-03-09 15:14
buy ...accumulate.... need spare pocket, dont lump sum... maybe go 18 back,..
2023-03-17 10:05
Just a gentle reminder on the schedule: Smart Farming Business is to start in 3rd Quarter this year. Currently, the company should be busy getting ready for the launch, such as engaging external service provider for the IoT system, building up to 19 green houses, and getting the relevant licenses. Prospectus said: "....our Management expects the
Smart Farming Business to generate revenue and profits to our Group by 4th quarter of
calendar year 2023." So will be exciting to see the result in less than a year!
2023-03-22 08:58
Betul kah Sangjero...Bila Akan Sampai 2.50....hehehe..Thix year, next year or in 5 years time !! Haha
2023-05-09 01:54
Wah soo many IB analysts....one say going up to 2.50 and another one bullish and bearish option. Hahaha
2023-05-11 15:49
Congratulations to all supporters, another ageson in here with same boss. All money gone, this account will be suspended soon like ageson
2023-05-27 01:44
The Board of Directors of Annum (“Board”) wishes to announce that the Company has on 4 August 2023 received a notice in writing pursuant to Section 281(1) of the Companies Act 2016 (“the Act”) dated 3 August 2023 ("Notice") from Messrs. PCCO PLT (“PCCO”) on their resignation as Auditors of the Company. Pursuant to Section 281(2) of the Act, PCCO term of office will end after 21 days from the date of the Notice.
The Board wishes to inform that the resignation of PCCO was on a voluntary basis, due to their limitation of resources and the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.
Further announcement will be made by the Company on the appointment of new Auditors in due course.
This announcement is dated 4 August 2023.
2023-08-07 15:34
The company seems to have turned profitable over the past 3 years. How much of this was due to the plywood business?
2023-08-11 12:02
Nta 0.73c...
But price now 13.5c...
If co is not doing well or executing well, habis mar
2 months ago
Hey Victim1, can trust this co or not...!? Takut lar...
Auditors resign mean something not light (right)...
What you think Victim1....
Also as you say they in Ageson before !
2 months ago
Same boss same director so you think will this annum will be like ageson. Now ageson propose a RM2 afton sdn bhd that just register company not even a month can afford to buy over ageson shares?
2 months ago
For those thinking of investing in this company, have a look at Eskons. https://www.youtube.com/watch?v=g1byo-eO4CM
Eksons was originally a plywood manufacturer which then diversified into property development. In Jan 2023 Eksons ceased the plywood business. Doesn’t this path sound familiar when you look at Annum?
2 months ago
Becareful with this conman counter! News of searching for new Auditors doesn't look good, Malaysia got so many auditor firms why is it so hard to find a one? Unless you want to get someone so sign off your dubious accounts and report. Investors be cautious!
2 months ago
Dato Sri Larry Liew Kok Leong is using fake Dato Sri title. Why SC and Bursa allow them to cheat to share holder? They never do KYC to all director? SC and Bursa so lousy. Only protect the rich.
https://www.istiadat.gov.my/semakan-penerima-darjah-kebesaran-bintang-dan-pingat/
Liew Kok Leong name cannot search in the official Pingat website.
Larry Liew Kok Leong only got Dato from Pahang. Never get any Dato Sri. But he has claim himself Dato Sri since 2020
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067591
This is public cheat. Why Bursa allow listed company director cheat to public. Larry Liew Kok Leong use fake Dato Sri to cheat credibility from public.
https://www.thestar.com.my/news/nation/2023/05/01/council-lodges-police-reports-over-people-with-fake-datuk-datuk-seri-and-tan-sri-titles
1 month ago
https://istiadat.spab.gov.my/eApps/sdmscasepool/SdmsCasePool/add.do
Everyone, please help to submit your complaint. Let's our Fatty Dato Seri Larry Liew Kok Leong famous. He earn so much money from us. We should make him famous....
I found the link and did my complain. Others can please help to submit your complain as well? Hopefully more people complain, authority can take it seriously. I will email my complain to Bursa and SC as well.
Bursa Complaint
https://bursa2u.bursamalaysia.com/
SC Complaint
https://www.sc.com.my/investor-empowerment/lodge-a-complaint/capital-market-service-related-complaints
1 month ago
stop talking cock please, dont mislead others. Just 1 day ago you said:
CEILING PRICE ......0.415
FLOOR PRICE............. 0.10
1 month ago
kl_guy
look like this counter going to goreng soon.
2023-02-23 19:24