VARIA BERHAD
KLSE (MYR): VARIA (5006)
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Last Price
0.86
Today's Change
-0.025 (2.82%)
Day's Change
0.86 - 0.86
Trading Volume
11,900
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Be the first to like this. Showing 50 of 290 comments
This is a pure speculative stock. The company initially receive a takeover offer of 88 sens per share back in Nov 2018. Which is why the share price jumped from less than 30 sens in mid-September to around the 88 sens when the offer announcement was made.
End Dec, Kaf Investment acting as an advisor for the company, had advice shareholders to reject the offer because it deemed it as unfair and unreasonable. The advisor puts Merge value at around RM1.10 per share.
End Feb the share price suddenly jumped to around the advisor valuation of RM1.10. But then jumped again to yesterday peak of RM1.40. Those that bought above the RM1.10 level must believe that a new offer will be made at above Kaf Investment valuation. Hopefully they are right.
If you are looking to hedge your portfolio outside of Merge (due to its speculative nature) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
Good luck.
2019-03-06 15:19
Sometime share market don't follow common sense but it rather follow the creditability of the new take over owners. Keep going..cheers
2019-04-01 15:21
davidkkw79, told you I trusted this group of new owner. If they can come out with good plan. Who knows I will still hold
2019-04-02 15:07
I has been keeping Matrix share from same boss since 2014 also. Good dividend and price growth. I expecting the same from this counter
2019-04-02 15:09
Davidkkw79, I like good manage company, whether the quality of business or human management. You can see from my comment on both Sunway and Sunway WB.
2019-04-02 15:13
New boards do have private profitable companies that could inject in. They are genuine businessmen and I believe they do have something in the pipeline. otherwise, there is no reason why they neeed to take over Merge. esp a losing money company
2019-04-04 00:21
Ya, basically most speculators come in and go. Normally make 10-20% and leave happily. Then they find hard to enter again since pricing keep surging. I believe market actual float is 15% or less now. Balance are those who trusted new management and wanted to tie the faith with them. So, if the new management can't come out with new good and acceptable plan and business strategic that convince new investors. Then, no one willing to invest again.
2019-04-04 14:49
Type of business and esp type of bosses is very important. If you Long for company own by good managed, fair bosses, reasonable good dividend growth and off course business hard to replace. Then, invest in that company for Long will be paid off. If Merge can't convince you since business venture not clear. Another company I like is Sunway and its WB.
2019-04-05 11:07
it is 1.75 now. Seems quite high risk to buy it. For those bought it at lower price, congratulation to u all :)
2019-04-16 17:02
haha martin, glad to see you here also. Perhaps I'm born risk taker. Since I choose to trust the new owners like I trusted Sunway bosses. I'll continue to tie my fate with them...
2019-04-17 12:00
Hi commonsense, your analysis for car industry share value in market, it very accurate. I will look into MBMR share. I really appreciate share if your experience and analysis with us.
2019-04-25 20:46
I just bought back it on yesterday. Dropped from 1.80 to below 1.40 on yesterday, should be worth to bet on it.
2019-05-15 09:58
The plunge today is intriguing...no bad news...one possibility is bad QR...another possibility is to press down to accumulate before sterling QR.
2019-05-27 21:54
Beberapa pakej dalam Rm4billion loji rawatan air rasau mesti ke mewah kota sdn bhd (anak syarikat Stella) berdasarkan pengalaman luas mereka dalam water industry
2020-12-20 23:50
better buy now before announcement..mkota secured job in nilai..wt sime
2020-12-23 12:59
mewah kota quite popular in water industry...worth to hold..check banker chips now
2020-12-27 14:13
stella new ceo so low profile his appointment not covered by the edge or other newspapers. how come I seldom see stella news covered in the media.
2021-08-10 04:51
5006 STELLA, STELLA HOLDINGS BERHAD - +
MULTIPLE PROPOSALS
5 Oct 2023, 12:47
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
STELLA HOLDINGS BERHAD ("STELLA" OR THE "COMPANY")(I) PROPOSED ACQUISITION;
AND(II) PROPOSED PRIVATE PLACEMENT(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
2023-10-05 15:57
Datuk Benson, ini macam boleh beli meh? volume begitu kering, masuk susah mau keluar
olang gila bagi target 3 linggit
2023-11-03 15:59
Varia offers Sungai Klang Link expertise for SKL elevated highway project
https://theedgemalaysia.com/node/703993
2024-03-08 19:59
That was bcz big project need money maa,markup higher then ppl buy pp lor n not for us.Do u know that nosh is small n nsider keeping most of the share n difficult to get.
U know see the selling quantity n nombor of sellers?
2 months ago
@ laun ,what htpdu got from 1.00 to now 2.60?
Buy small n hold tight for limit up if any.
2 months ago
Bagaimana Varia Berhad guna syarikat ‘cap ayam’ Ikatan Harmoni, Kator Construction monopoli projek tebatan banjir lebih RM1bilion?
https://the-corporatesecret.com/blog/2024/09/09/bagaimana-varia-berhad-guna-syarikat-cap-ayam-ikatan-harmoni-kator-construction-monopoli-projek-tebatan-banjir-lebih-rm1bilion/
1 month ago
Government-backed infrastructure projects, including road construction, public transportation (such as the MRT and LRT projects), and housing schemes, will drive demand for construction materials. Malaysia’s continued focus on infrastructure development, both in rural and urban areas, provides a positive outlook for VARIA
1 week ago
Varia is one of the most underrated construction companies 🙂
https://klse.i3investor.com/web/blog/detail/ConstructionStream/2024-10-09-story-h471006626-This_Construction_Company_Might_be_Deeply_Undervalued
1 week ago
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2019-03-01 22:47