SBAGAN (2569) Overview - SUNGEI BAGAN RUBBER CO (M) BHD

The historic high is NOT 3.96. That figure is AFTER adjusting for all the dividends & share dividends since then. The actual market price peaks were $4.90 in 1995-1997, $5.70 in 2004, $10.65 in 2005(a very brief ex-bonus peak) & $4.18 in 2018.

2024-01-04 18:04

My Sungei Bagan realized earnings cross the $5k mark reaching $5,671.82 since '13 after earning ZERO last year when it was comatose ALL YEAR LONG & margin interest piled up on a small stake re-purchased too high in Oct '21!

2024-01-05 08:57

I have made slightly more than RM170k in realised gains from the stock market so far until end of last year. Yet to account for the gains I made this week from Kuchai. :-)

2024-01-05 19:54

Dehcomic01

According to the Efficient Market Hypothesis, the market price reflects the “true” value of a company as it incorporates all known information. Behind this is the “wisdom of the crowd” concept. This is the idea that large groups of people are collectively smarter than individual experts when it comes to problem-solving and predicting.

Take the example of Sg Bagan Rubber, a Bursa plantation company. When you look at the ROE and share price trend, you can see the share price spiking currently. The last time it occurred was in mid 2021 when the ROE peak. https://i.postimg.cc/Xvqx0kJ4/Sg-Bagan.png
I suspect that it is because of the proposed takeover of Kuchai Dev. Is the market predicting that the coming ROE will be higher than 7.5 % because of the Kuchai Dev?
I think that the wisdom of the crowd does not apply to projecting business performance. If any, it probably applies to market price.

But then the wisdom of the crowd only works if every individual in the crowd thinks independently. I am have my doubts about this independent thoughts when it comes to the stock market. I think herd and lemming behaviour are more likely.

So what can you make about the Sg Bagan market price? I am more inclined to see it as herd behaviour rather than the wisdom of the crowd.

When it comes to is business performance, I rather trust a fundamental analysis rather than the wisdom of the crowd. While I have yet to do a fundamental analysis of Sg Bagan I think that its current business underperformed KLK, my reference Bursa Plantation sector. Secondly, as my analysis of the property sector has shown, it is not an automatic ticket to making money. https://www.youtube.com/watch?v=Wn4p31y0CUQ

2024-01-09 16:37

Really pity Dehcomic01, wrote so long but SBagan continues to rise.

2024-01-11 20:58

zildjian

lol

2024-01-11 22:32

Some more got post YouTube.

2024-01-11 23:40

FRESH 18 YEAR HIGH!!! OMG OMG!!!🍻🏹💰

2024-01-15 10:24

Really pity Dehcomic01, SBagan price continues to outperform KLK.

2024-01-15 13:10

Any corporate exercise after this?
Any bonus issues ?
Any share splits?

2024-01-15 15:53

Can touch RM10.01?

2024-01-15 15:54

Well well WELL!!!🤑💰💰💰😊 The first time ABOVE $5 since April 2005!!!

2024-01-15 15:58

speakup

Buy rm5, sell rm10. A double bagger

2024-01-15 20:51

I would peg the probability of this baby visiting the $6 mark or higher @ 62-38.

2024-01-16 08:44

This one has stopped rising, but my dearest Kuchai is very strong & inching higher, as though whoever wanted to sell has already sold all !📈🤗

2024-01-19 10:38

Who is/are these id iots selling 100 shrs continuously since 9:08 am???

2 months ago

Up.sgain?
What is the latest news?

1 month ago

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD I. PROPOSED ACQUISITION; II. PROPOSED KDB EXEMPTION; AND III. PROPOSED KRCB EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

1 month ago

We refer to the announcements dated 29 December 2023, 28 February 2024, 1 March 2024 and 18 March 2024 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, AmInvestment Bank wishes to announce that Bursa Securities had vide its letter dated 22 March 2024 approved the listing and quotation of up to 27,519,500 new Shares to be issued pursuant to the Proposed Acquisition

1 month ago

speakup

limit up today?

1 month ago

https://www.klsescreener.com/v2/news/view/1264191

1 month ago

KDB shareholders entitled to Sg Bagan shares and existing Sg Bagan shareholders will now have exposure to a total of 4.76 million Great Eastern shares, which is roughly worth RM290 million based on Great Eastern’s closing price of S$17.78 last Thursday and exchange rate of 3.40 against the Singapore dollar.

At RM290 million, the value of the Great Eastern shares alone exceeds Sg Bagan’s market capitalisation of RM271.96 million.

Putting capital appreciation aside, Great Eastern also provides a consistent stream of dividend income to its shareholders. In the last three financial years, the insurer has doled out dividends per share of 60 to 65 Singapore cents.

Apart from Great Eastern, KDB shareholders would also gain exposure to Sg Bagan’s other investments, being two units of residential flats located in Mayfair, London valued at a total of RM73 million and Sg Bagan’s core business in the oil palm plantations that spans over 4,000 acres.

It is interesting to note that more may be in store for KDB shareholders in the future.

1 month ago

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION")

3 weeks ago

🤗 Resolution has a 98% chance of going through successfully!! Kuchai can aim for $2 before May 7th!

3 weeks ago

Sbagan looks good
Moving up steadily!
Valued at RM10.01

3 weeks ago

@dompeilee
Congrats!
Touch RM4.95

Strong...
Very strong!...

3 weeks ago

@Diamond7 Thanks! This one really try my patience also...2 1/2 years since I re-purchased it after it fell from $4.10 to $3.60+

3 weeks ago

TOPPPPP Gainer 2day...the 1st time since early Jan, beating out overhyped, far more expensive stocks like KLK & PetDag & defying the overwhelmingly bearish tone with almost 1,000 LO$ing stocks!😃

3 weeks ago

Tmoro
Another new high!

3 weeks ago

I will hold my SBagan until RM10.

3 weeks ago

@Contrarian
Wah n wah!

Good luck!

More may be in store for SBagan shareholders after this!

"WE" hold till bonus issues are out!

3 weeks ago

Will directors privatise Sg Bagan since most of the assets are parked here?” market observers are asking!

3 weeks ago

Wa
Going to touch RM5.00

Got bonus issues or not later?
Privatise?

2 days ago

When ex?

2 days ago

No bonus issue, no privatization.

2 days ago

I've invested almost identical amounts in both Petronm & SBagan...now they're competing to see which can exceed $5 & stay there! Of course, my paper gain in the latter is much more than the former! 😉

1 day ago

SINGAPORE: Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private.

OCBC, Great Eastern's biggest shareholder, offered a 37% premium over Great Eastern's last traded shares price to buy the 11.56% stake in the insurer that it does not currently own, valuing the insurer at S$12.12 billon.

It plans to delist Great Eastern from the Singapore bourse if the deal goes through.

OCBC, which is also Southeast Asia's No. 2 lender, forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year. It had first provided the range in February

16 hours ago

Who owns Great Eastern?
Other than OCBC...

Kuchai SBagan or Kluang?

16 hours ago

speakup

Kuchai, but all off it will go to Sbagan after the exercise

16 hours ago

SINGAPORE: Singapore's second-biggest lender, OCBC, unveiled a S$1.4 billion (US$1.04 billion) offer on Friday (May 10) to buy the remaining stake in insurer Great Eastern Holdings and delist the company.

OCBC, Great Eastern's biggest shareholder, said it would acquire the 11.56 per cent stake in the insurer that it does not currently own. If it goes through, the deal will give the lender full ownership of the firm.
The offer price of S$25.60 per share, a premium of 37 per cent, values Great Eastern at S$12.12 billion

16 hours ago

Not selling my SBagan until RM10.

15 hours ago

Just checked : Kuchai holds 3.03 million and SBagan holds 1.73 million shares in Great Eastern.

15 hours ago

Will SBagan privatise?

Will SBagan propose bonus is

Highly undervalue

15 hours ago

Most probably SBagan will pay out special dividend after OCBC completes the takeover of Great Eastern.

14 hours ago

TRIPLE Jackpot for me! Great Eastern bought last yr Mar for S$17.52☝ Kuchai bought 64 lots since 2022 @ $1.78 avg incl margin interest✌ & SBagan bought 10 lots since 2015 @ $3.11 avg!💰💰💰

14 hours ago