SHIN YANG GROUP BERHAD
KLSE (MYR): SYGROUP (5173)
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Last Price
0.87
Today's Change
-0.01 (1.14%)
Day's Change
0.85 - 0.88
Trading Volume
2,038,200
IPO Info
Offer Period
Opening
2010-05-27
Closing
2010-06-08
Time Table
Allotment Date
2010-06-21
Listing Date
2010-06-23
Price
Issue Price
RM 1.28
Units
1,200,000,000
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
- -
Issuing House
MIH 490
ISIN Code
MYL5173OO009
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF 305,186,000 ORDINARY SHARES OF RM1.00 EACH ("SHARES") IN SHIN YANG SHIPPING CORPORATION BERHAD IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 1,200,000,000 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:-
(A) PUBLIC ISSUE OF 176,386,000 NEW SHARES ("PUBLIC ISSUE SHARES") IN THE FOLLOWING MANNER:-
• 24,000,000 PUBLIC ISSUE SHARES MADE AVAILABLE TO MALAYSIAN PUBLIC AT THE IPO PRICE OF RM1.28 PER SHARE, PAYABLE IN FULL UPON APPLICATION (THE "IPO PRICE") PURSUANT TO THE RETAIL OFFERING;
• 36,000,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR OUR ELIGIBLE DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES AND THE ELIGIBLE DIRECTORS AND EMPLOYEES OF SHIN YANG HOLDING SDN BHD AND ITS
SUBSIDIARIES AT THE IPO PRICE, PAYABLE IN FULL UPON APPLICATION PURSUANT TO THE RETAIL OFFERING; AND
• 116,386,000 PUBLIC ISSUE SHARES MADE AVAILABLE TO BUMIPUTERA INVESTORS APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI") AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF
BOOKBUILDING ("INSTITUTIONAL PRICE") PURSUANT TO THE INSTITUTIONAL OFFERING.
(B) OFFER FOR SALE OF 128,800,000 EXISTING SHARES ("OFFER SHARES") IN THE FOLLOWING MANNER:-
• 24,207,000 OFFER SHARES MADE AVAILABLE TO BUMIPUTERA INVESTORS APPROVED BY MITI; AND
• 104,593,000 OFFER SHARES MADE AVAILABLE TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS;
AT THE INSTITUTIONAL PRICE PURSUANT TO THE INSTITUTIONAL OFFERING.
SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISION
THE IPO PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL IPO PRICE IS LESS THAN THE IPO PRICE. THE FINAL IPO PRICE WILL EQUAL TO THE LOWER OF:
(A) THE IPO PRICE OF RM1.28 PER SHARE; AND
(B) 95.0% OF THE INSTITUTIONAL PRICE;
SUBJECT TO ROUNDING TO THE NEAREST SEN.
SYSCORP-Cover to Page 50 (1.7MB).pdf
SYSCORP-Page 51 to Page 107 (1.9MB).pdf
SYSCORP-Page 108 to Page 250 (2.9MB).pdf
SYSCORP-Page 251 to Page 370 (1.3MB).pdf
SYSCORP-Page 371 to Page 487 (2.7MB).pdf
SYSCORP-NoticeOfProspectus (16KB).pdf
SYSCORP-Cover to Page 50 (1.7MB).pdf
SYSCORP-Page 51 to Page 107 (1.9MB).pdf
SYSCORP-Page 108 to Page 250 (2.9MB).pdf
SYSCORP-Page 251 to Page 370 (1.3MB).pdf
Discussions
5 people like this. Showing 50 of 1,477 comments
Anywhere, smart or not smart...
If a taikon bought 80c @ 1mils shares sold 84.5c earns $45k a day..
A smart person bought 60c@20,000 shares sold 84.5c earns $4.9k
So..... Smart or not smart in every different sencerio different outcome!
1 month ago
As long as you warn money consistently and lost in control..
You shld be good in long run..
My learning after covid...
1 month ago
@pang72 I think what speakup meant was if a retailer don't buy when the price is cheaper, why chase only price goes higher? basically, those are what technical traders usually do. not fundamental traders
if you are not interested in a counter when it is cheaper, you not suppose to be interested in the same counter at more expensive price. assuming it's fundamental didn't change but only price changes
1 month ago
nevertheless, as opposed to speakup suggestion to bought in at 0.60, I would suggest bought in price at 0.685+ after the latest QR announcement, in corresponding of it's fundamental catching up with harbour but it's price hasn't reflected in correlation with harbour.
if you notice today movement between this 2 counters, you will notice strong correlation between the two, refering to near 2.48pm when both starting to dip at the same time. however, it is also proven that at this stage, sygroup is stronger and resisted better than harbour
1 month ago
Sincerestock,
Thanks for advise.
Your approach more favour to me that I keep an eye on SYGROUP after QR out with commendable 3c.
It is a buy like you say. Good!
1 month ago
sold a few sygroup to lock profit at 0.775, less than half left (12 june 2024 9.19am)
decided to reduce my stacks in logistic due to red sea creasefire agreement. besides, as i predicted sygroup : harbour price are getting closer into 1 : 2. too bad that it is due to harbour lowering down to sygroup, instead of sygroup chasing up to harbour
1 month ago
top up a few sygroup at 0.760 (28 june 2024, 3.40pm). it's next QR maybe better due to higher local freight rate
3 weeks ago
SincereStock
sygroup going to correlate with harbour at 1 : 2
3 weeks ago
happening already now, sygroup has now overtaken harbour price in term of 1 : 2 ratio. with sygroup rally higher to 0.830 from 0.70, while harbour remain stagnant at 1.6 level
2 weeks ago
no more free gap meat now at sygroup, but now let's see if both counters can rally higher towards respective's NTA
2 weeks ago
Watch this video but is about a month ago video https://youtu.be/ewtuxbyPjuU?si=lIVYvJmOBJLZZZWV
2 weeks ago
top up a few sygroup at 0.790 (05 july 2024, 3.32pm), bought back those I sold yesterday at 0.835
2 weeks ago
Price is in wave 5 elliot wave.
Target is another 10 cent.
Updated full trading plan for client. Find me on tele
1 week ago
buying into boulevard jaya motor company for to generate more consistent income and diversity
1 week ago
my own thinking is that, the transaction is by company own cash and treasure share, is better to buy into new company than just keep the cash / treasury shares without doing anything
any additional profit is good (unless the company make losses in future due to subsidy affect)
ling family stakes in sygroup now higher they probably want the price to go up further, previously the share buy back intend is also want to pump up the pirce instead of trying to collect lower only
but still the main concern here would be whether the purchase price is reasonable
1 week ago
@EatCoconutCanWin
lmao, 10%+ in response to a very good news, not even limit up, you are really delusional not knowing the value of this company. it is still traded below NTA unlike those true scam counter that traded way way beyond NTA.
go report if you really think this is a scam, don't be a sour grape here
with such mentallity you hardly make any good profit in bursa
1 week ago
accumulated shares buy back ,how will it treaded in accounting ? possiblity as profit minus average of share back or totally loss as a provision
1 week ago
@katara sygroup needed to be revaluate base on the purchase price of boulevard jaya motor and future profit generateable from this company
1 week ago
@daretocutandchange not sure about the exact accounting but it should be very less relavant, as now those shares will go back to ling family in a trade of incooperating their other business of motor company into sygroup
should be a good thing as this year long buy back obviously attempt to push up the price without intention to collect low. (usually done at closing to push up the tprice).
the buy back may or may not stop right now but the job has been done. now ling family will get those shares, should be time to unleash the company value in market price along with it's new source of diversified additional income.
good thing about this company purchase is that it don't involves any loan or acculmulating of fund through or new share listing. all is done through company own extra idle cash and treasury shares. the new source of income from motor can be assumed as a free bonus
1 week ago
only possible negative outcome is that the purchase price is unreasonably high or IF the motor company is actually not a profit making company
1 week ago
Shawn88, You can see that they have been injecting a few businesses into SYGroup, and it’s likely that more will be in the pipeline, considering they hold many profitable companies within Shin Yang. This counter move very slow and may switch gear from here on
1 week ago
win win situation for the family and other shareholders imo, as sygroup acquired more subsidiary companies with cash & treasury shares (without loan / private placement / listing additional shares that will dilute the value of the company)
1 week ago
They actually don't need to inject into SYGroup. The break even is 2-3 years with the purchased price and the injection price is relatively cheap. I sold off 40% of my shareholding in this company because afternoon selling is quite fast even with such positive news. I want to buy it back if touch my target price.
1 week ago
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DividendGuy67
On paper, it's clear to me, management quality is superior - rates B+ or A-. Family owned business, founders 3 brothers + 1 sister age 60-71 i.e. they won't be around forever. Succession already in place with son age 42 sitting in the board. Just remember, business is cyclical over years. Just remember - despite good management, this stock can crash down to as low as 12 sen during Covid pandemic lockdowns / recession. This is not a Buy and Hold stock, don't buy it for the dividends, don't own it for its Net Cash.
1 month ago