SUNGEI BAGAN RUBBER CO (M) BHD
KLSE (MYR): SBAGAN (2569)
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Last Price
6.00
Today's Change
+0.03 (0.50%)
Day's Change
5.97 - 6.00
Trading Volume
9,000
Financial
Market Cap
398 Million
NOSH
66 Million
Latest Quarter
31-Mar-2024 [#3]
Announcement Date
30-May-2024
Next Quarter
30-Jun-2024
Est. Ann. Date
28-Aug-2024
Est. Ann. Due Date
29-Aug-2024
QoQ | YoY
-53.32% | -9.59%
Revenue | NP to SH
36,979.000 | 25,404.000
RPS | P/RPS
55.74 Cent | 10.76
EPS | P/E | EY
38.30 Cent | 15.67 | 6.38%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
10.21 | 0.59
QoQ | YoY
-2.45% | 641.32%
NP Margin | ROE
68.70% | 3.75%
F.Y. | Ann. Date
31-Mar-2024 | 30-May-2024
Latest Audited Result
30-Jun-2023
Announcement Date
31-Oct-2023
Next Audited Result
30-Jun-2024
Est. Ann. Date
31-Oct-2024
Est. Ann. Due Date
27-Dec-2024
Revenue | NP to SH
32,080.000 | 16,072.000
RPS | P/RPS
48.36 Cent | 12.41
EPS | P/E | EY
24.23 Cent | 24.77 | 4.04%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
9.76 | 0.61
YoY
180.57%
NP Margin | ROE
50.10% | 2.48%
F.Y. | Ann. Date
30-Jun-2023 | 28-Aug-2023
Revenue | NP to SH
37,498.666 | 27,157.333
RPS | P/RPS
56.53 Cent | 10.61
EPS | P/E | EY
40.94 Cent | 14.66 | 6.82%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-5.44% | 84.56%
NP Margin | ROE
72.42% | 4.01%
F.Y. | Ann. Date
31-Mar-2024 | 30-May-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
3 people like this. Showing 50 of 300 comments
We not sure whether ocbc will give that fair and reasonable price on delisting day. If no have, means share suspension
2 months ago
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
2 months ago
Many rich are similar to OCBC. They have billions but scrimp & save pennies:
https://www.straitstimes.com/world/europe/members-of-britains-richest-family-get-jail-terms-for-exploiting-indian-staff-at-switzerland-mansion
2 months ago
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 months ago
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.
2 months ago
Does the yearly dividend from Great Eastern justifies the holding out for a better offer?
2 months ago
Oversea-Chinese Banking Corporation (OCBC) has issued a response to the letter sent by the Securities Investors Association Singapore (SIAS) on June 21.
In its letter, SIAS posed six questions pertaining to OCBC’s decision to stick to its original offer price of $25.60 per Great Eastern (GEH) share, key factors that led to the offer price, and more.
In its response dated June 27, OCBC explains that it already considered the “methodology, analysis and opinion” of its independent financial adviser (IFA), EY, before making the offer.
“We note the IFA, following the detailed analysis it has undertaken, had considered the traded multiples of comparable companies across various metrics, versus the multiples implied by our offer,” said the bank, adding that its offer price represented a 36.9% premium to GEH’s last-traded price the day before its privatisation announcement on May 10.
The letter, dated June 27, comes after GEH’s free float fell below the regulatory 10% on June 24.
“We further note that the IFA has opined that the offer is not fair but reasonable and has advised the independent GEH directors to recommend that GEH shareholders accept our offer and the independent GEH directors have concurred with the IFA’s recommendation,” continues the release.
1 month ago
Currently kuchai has not swapped it's shares with SBagan
Kuchai is still holding the GE shares
Can kuchai sell the shares to OCBC?
1 month ago
Looks like by the time the deadline for the exchange arrives, Great Eastern would already be swallowed by OCBC & the original agreement has to be significantly amended to reflect the much enlarged cash pile & the corresponding reduction in the equity asset column.
1 month ago
@Dompeilee you mean the transaction between sbagan and kuchai will most likely go through?
1 month ago
Don't think Sg Bagan will allow OCBC to buy over GE shares from Kuchai. Already 90%+ of Kuchai's shareholders voted in favour of the resolution so there is no turning back unless there is another resolution to overrule the earlier resolution. I think OCBC needs to negotiate with Sg Bagan and not Kuchai. As it stands, Sg Bagan got the upper hand and not Kuchai. Just my opinion.
1 month ago
But the proposed acquisition approved by resolution has not gone through at least till Oct 26th at the earliest while Kuchai is still in Great Eastern's register as the owner of 3,032,000 of its shares so how can OCBC be buying from SBagan more than its own 1.73 mil shares?
1 month ago
Very interesting development. Don't know how it's going to end up. Hope a win-win for both Kuchai and Sg Bagan shareholders.
1 month ago
There must be a good reason why they pushed it so far forward to 29 Oct when the closing date to accept the OCBC offer is 12 July. Is there a hidden message? Read between the lines.
1 month ago
I think they will just let 12 Jul lapse. Drag on so that they will get more time to get a better offer from OCBC.
1 month ago
Oversea-Chinese Banking Corporation’s offer for Great Eastern Holdings G07 0.00% closed at 5.30pm on July 12. OCBC now holds 93.52% of GEH. On June 25, OCBC’s ownership crossed 90%. As a result, GEH shares will be suspended on Monday July 15.
Accordingly, the offer is no longer open for acceptance and any acceptances received after 5.30 p.m. (Singapore time) on 12 July 2024 will be rejected. However, shareholders who have not accepted the offer can still require the offeror to acquire their shares at the offer price pursuant to Section 215(3) of the Companies Act.
This says the transferee or offeror must, within one month from the date of the transfer, give notice to holders of the remaining shares that haven’t been tendered, that they can still tender their shares, and OCBC will have to accept them
1 month ago
The date of transfer refers to the date on which OCBC’s shareholding crossed 90%, on June 25. On July 24, OCBC will likely be announcing that GEH shareholers can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.
OCBC group CEO Helen Wong unveiled a One Group strategy last year. GEH is likely to be part of that strategy. Interestingly, analysts have pointed out that OCBC doesn't charge GEH any bancassurance fees as these are not indicated in its annual report. In 2019, United Overseas Bank U11 0.03% and Prudential renewed a bancassurance agreement for 15 years for $1.5 billion over the course of the 15 years.
1 month ago
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months...
1 month ago
So this is actually very beneficial to Sg Bagan as Sg Bagan already executed the resolution.
1 month ago
My guess is...
SBagan will sell the Great Eastern shares to OCBC within the 3 months after acquisition from Kuchai.
Deal with kuchai is still on going. Takes some time!
1 month ago
The notice did not mention the ex-date for taking over the assets and liabilities of Kuchai. Even if Sg Bagan doesn't sell the GEH shares to OCBC, it's still a valuable shares to hold. For long term, I think Sg Bagan's share should fly.🤞
1 month ago
Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open
Earn dividends from shares that are suspended from trading and wait for a richer future offer
Leslie Yee
Leslie Yee
Published Tue, Jul 16, 2024 ·
1 month ago
On July 24, OCBC will likely be announcing that GEH shareholders can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.
There is still hope that after the kuchai SBagan swap deal...
SBagan can still sell the Great Eastern shares to OCBC within the three months
1 month ago
Great Eastern, though suspended, has announced a fantastic set of results & an improved dividend of 45c per share payable in a month, so I believe the two sister companies should benefit.
3 weeks ago
SOLD 1 lot @ $6.34 to secure my 992nd consecutive capital gain day since July 29th 2020!🤗
3 weeks ago
Poor dompeilei got tunnel vision
She CANNOT see Value in TSH RESOURCES
UNDERSTANDING DIFFERENT FORMS OF VALUE IN VALUE INVESTING, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-03-story-h-155170407-UNDERSTANDING_DIFFERENT_FORMS_OF_VALUE_IN_VALUE_INVESTING_Calvin_Tan
3 weeks ago
KUALA LUMPUR (June 26): The cut-off date for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (KL:SBAGAN) in return for a 29.37% stake in Sungei Bagan has been extended by four months to October 29.
The two companies on Wednesday signed a supplemental letter for the extension, according to Kuchai and Sungei Bagan's filings with the stock exchange, which did not specify the reason for the extension.
3 weeks ago
Delisted share maybe big problem for sg Bagan, I still holding shares of Ytl land, nstp just to name a few..no dividends even annual report for delisted Share holders.
1 week ago
Hope this don’t happen to sbagan.. else it’s upto Ocbc to declare how much dividends to shareholders if any..
1 week ago
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If can be sold at a higher price @zhlim
Would even be better!!!
2 months ago