CHEMICAL COMPANY OF MALAYSIA
KLSE (MYR): CCM (2879)
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Last Price
3.08
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Overview
Market Cap
NOSH
Avg Volume (4 weeks)
4 Weeks Range
4 Weeks Price Volatility (%)
%
52 Weeks Range
52 Weeks Price Volatility (%)
%
Previous Close
Open
Bid
Ask
Day's Range
Trading Volume
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2020 [#3] | 19-Nov-2020
Next QR | Est. Ann. Date
31-Dec-2020 | 20-Feb-2021
T4Q P/E | EY
174.55 | 0.57%
T4Q DY | Payout %
0.65% | 113.35%
T4Q NAPS | P/NAPS
1.90 | 1.62
T4Q NP Margin | ROE
1.08% | 0.93%
Market Buzz
News and Blogs
No result.
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: CHEMICALS
Subsector: CHEMICALS
Description:
Chemical Co of Malaysia Bhd is a Malaysia based investment holding company. Through its subsidiaries, the firm is primarily engaged in the manufacturing of pharmaceuticals, chemicals, and polymers. The operating segments of the group are Pharmaceuticals, Chemicals, and Polymers. It generates a majority of revenue from the Pharmaceuticals segment, which includes manufacturing and marketing of pharmaceutical and healthcare products. The group operates in Malaysia, Indonesia, Singapore and other countries.
Discussions
3 people like this. Showing 50 of 659 comments
mark my word..all still not late to the game..still have a big upside..
2020-11-17 09:14
Bullrun18 Reach my TP sold all @ 2.80 & @ 2.81 see you again .....
Sayonara. As long as you are happy.
2020-11-17 10:02
toot toot toot...your captain's speaking here.
Get ready to aboard the ship. I repeat. Get ready to aboard the ship.
2020-11-17 11:04
more positive signs from CEO?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3105485
2020-11-17 12:56
Kawan2 sekalian, cepat naik kapal..engine sangat panas mau pecut sudah..fast fast..once sail, memang x tunggu lagi..still alot of meat up there..the longer u wait, the thinner the meat. Fast..last call...toot toot
2020-11-17 15:27
those sold, pls dont come back to i3 anytime soon...i m very concern on your well-being and mental state of mind.
2020-11-17 15:57
Now we know why the CCM share price has moved up from RM1.23 in Oct2 to RM2.79 today. It was just announced that Batu Kawan would buy PNB's 56% stake of CCM at RM3.10. This would trigger a mandatory general offer.
https://www.thestar.com.my/business/business-news/2020/11/17/batu-kawa...
What is interesting is that the CEO of CCM, Encik Mukri bin Harun, who used to own zero shares in his company, announced the intention to deal in CCM shares on 3 Nov.
https://www.bursamalaysia.com/market_information/announcements/company...
The CEO then bought 120,00 shares on Nov 9 and 10 at an average price of RM2.28. What a coincidence!
https://www.bursamalaysia.com/market_information/announcements/company...
Is the CEO going to cash out at RM3.10, which would have netted him a 36% profit or close to RM100k?
Perhaps Encik Mukri bin Harun has merely expressed his strong confidence in the company's future under his stewardship? In that case, he should forgo the MGO. He should hold his shares for the long term, casting a vote of confidence in his own leadership!
2020-11-17 21:51
Batu Kawan Bhd, which controls Kuala Lumpur Kepong Bhd, has proposed to buy a 56.32% stake in Chemical Company of Malaysia Bhd (CCM) from Permodalan Nasional Bhd (PNB) for RM292.97 million cash, or RM3.10 per share.Subsequently, Batu Kawan will make a mandatory general offer at RM3.10 per share to buy all the remaining shares in CCM.Batu Kawan said it intends to maintain the listing status of CCM on Bursa Malaysia subsequent to the MGO.The transaction price of RM3.10 represents a premium of 11.11% over CCM's closing price of RM2.79 today — the highest level in 12 years.
2020-11-17 23:33
ya lor, before announcement already risen very significantly ... it's insider tradings .....
2020-11-17 23:33
Batu Kawan said it had entered into a conditional share purchase agreement with PNB and Amanahraya Trustees Bhd (ART), both collectively holding 56.32% stake in CCM.
ART is a trustee for Amanah Saham Malaysia, Amanah Saham Bumiputera and Amanah Saham Bumiputera 3-Didik unit trust funds for the proposed transaction.
At RM3.10 apiece, the purchase consideration represents a premium over the last transacted price and volume weighted average market price (VWAMP) of CCM shares up to and including Nov 16.
It said the premium was between 27.52% and 107.43% for five-day and one-year’s VWAMP of CCM shares of RM2.43 and RM1.49 respectively.The proposed acquisition will be funded via internal funds whereas the proposed offer will be funded via internal funds and/or bank borrowings.
2020-11-17 23:33
Batu Kawan said the acquisition will increase the group’s market presence as a chlor-alkali chemicals manufacturer as well as to unlock value through the realisation of operational efficiencies in logistics, distribution and procurement.
CCM saw a steep climb on its share price since mid-October on news that PNB was mulling over divesting its stake in CCM.
CCM is principally an investment holding and management company whilst its subsidiaries are engaged in the manufacturing and marketing of chlor-alkali chemicals and polymers products and services. Caustic soda is the group’s core product.
CCM has a three-year supply contract with Petroliam Nasional Bhd (Petronas) to supply 351,000 tonnes of caustic soda for Refinery and Petrochemical Integrated Development (Rapid) Project in Pengerang, Johor. The contract commenced in April last year.
2020-11-17 23:34
CCM’s polymer division’s products are being used by the glove industry, and good demand is expected to continue for the remainder of 2020.
The proposed acquisition is subject to the consent of a lender bank in respect of the banking facilities provided to the CCM group for the transfer of the sale shares. However, the proposals are not subject to approval of the shareholders of the company.
Subject to the fulfilment of the condition precedent, the proposals are expected to be completed by the first quarter of 2021.
2020-11-17 23:34
I keep some for future since batu kawan will keep the listing for ccm in bursa.
2020-11-18 12:18
https://klse.i3investor.com/blogs/general/2020-11-18-story-h1536492732.jsp
[转贴] [Video:浅谈CHEMICAL COMPANY OF MALAYSIA BHD, CCM, 2879] - James的股票投资James Share Investing
2020-11-18 19:11
With the change in Management the only way it can go is up. Unless the the staff start to do what MAS staff did, when TF gave his views. So just wait and seelah. My prediction is in 2022 it will hit RM5.
2020-12-26 08:58
Who knows when will be the payout date for those of us who transfer units to batu kawan?
2021-01-30 01:27
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2020-11-16 16:25