CYCLE & CARRIAGE BINTANG BHD

KLSE (MYR): CCB (2925)

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Last Price

2.48

Today's Change

-0.02 (0.80%)

Day's Change

2.48 - 2.49

Trading Volume

7,900

Overview

Market Cap

250 Million

NOSH

101 Million

Avg Volume (4 weeks)

33,500

4 Weeks Range

2.39 - 2.50

4 Weeks Price Volatility (%)

99.20%

52 Weeks Range

1.98 - 3.18

52 Weeks Price Volatility (%)

77.99%

Previous Close

2.48

Open

2.49

Bid

2.45 x 1,900

Ask

2.49 x 8,100

Day's Range

2.48 - 2.49

Trading Volume

7,900

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 26-Apr-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 28-Jul-2022

T4Q P/E | EY

25.10 | 3.98%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

2.48 | 1.00

T4Q NP Margin | ROE

0.96% | 3.98%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: AUTOMOTIVE

Subsector: AUTOMOTIVE

Description:

Cycle & Carriage Bintang Bhd is a Malaysia-based company. It is a dealer of Mercedes-Benz motor vehicles in Malaysia. The principal activity of the company consists of the retailing of motor vehicles, the sale of spare parts and servicing of vehicles. The company serves in two segments including Automobile Industry and Investment. The Automobile industry segment is engaged in retailing of motor vehicles, the sale of spare parts and servicing of vehicles. The Investment segment is engaged in investment in Mercedes-Benz Malaysia Sdn. Bhd.

Discussions
3 people like this. Showing 50 of 1,538 comments

Snowpiercer

Isn't it perfect for Jardines? Just don't meet the requirement and let it get delisted. The board and management are controlled by Jardines. Smart.

2021-06-25 21:54

Hafid

3.60 at least

2021-06-26 19:58

Snowpiercer

Just wait to be delisted unless the 2nd largest shareholder scared and do it by itlself. Or they do a offmarket transaction and all other small shareholder get stuck forever.

2021-06-27 13:33

Hafid

the share price will go down to rm1.40 i think...

2021-07-02 20:21

AlfI3

@Hafid, can share Wat wud b d basis to reach rm1.4!

2021-07-05 07:57

Snowpiercer

.delisted insufficient public spread

2021-07-09 18:12

Bgt 9963

Post removed.Why?

2021-07-10 09:05

stockraider

Tiap tiap hari good morning buat apa leh ?

2021-07-10 09:54

EatCoconutCanWin

yeah...

2021-07-28 17:45

Hafid

anything can happen. maybe will reach rm1.40 again down the road. or the company offer higher price. that's all. with the uncertainty i think better sell and wait until 90 sen that is the best entry.

2021-08-07 13:01

AlfI3

It made sense indeed. South turn to d bottom liao

2021-08-09 23:13

Snowpiercer

Those that have not sold will pray Dato David Goh to help them spread

2021-08-20 15:41

Bgt 9963

Post removed.Why?

2021-08-20 16:39

limitup123

wakakkakak tis cheap cheap now like kancilprice ka kikikkikikikiki

2021-09-23 16:07

limitup123

monitor first la filling the gap or wat kikikikikikiki

2021-09-23 16:07

Snowpiercer

No one can fight Jardines. They have both time and money.

2021-10-31 10:28

firehawk

will only consider below 2.00 ... buy this type of things hv to wait at least 1 yr

2021-11-20 10:12

Mabel

Ya lor..

Just have to wait..

Meow

2021-12-01 21:06

Snowpiercer

Compulsory acquisition and delisting soon

2021-12-16 15:58

Hafid

I think maybe reoffer at rM2.40

2022-01-11 05:24

Nepo

What happened today?
Going to Holland?

2022-02-04 17:32

Hafid

Yeap going Holland. Wait for price down again ....

2022-02-09 05:30

Nepo

can buy already.
last calling or u will miss the boat..

2022-02-09 13:31

Snowpiercer

I believe soon JC&C's shareholding will cross 90% and this counter will be delisted

2022-02-09 14:31

Hafid

Will be delisted maybe few month from now or 3rd qtr

2022-02-09 18:07

Nepo

Buy in now, don't think too much
Bottom fishing NOW @ RM 2

2022-02-11 13:05

Nepo

Still not yet bought?
Time running short..
The operator is washing out weak holders, they purposely press down a bit..
If you wish to challenge, buy in at RM 2.0x..
Last time to accumulate..

2022-02-17 13:05

Hafid

How much is the offer price. 2.20 / 2.40 / 2.80

2022-02-17 21:31

Nepo

Do you believe buy q and sell q is the same person..?

2022-02-18 09:34

Nepo

David vs Goliath in CCB privatisation stalemate
July 12, 2021 18:00 pm +08

“This is why we are willing to share our investment strategy. As a united group, the minority shareholders have the required dissenting votes to thwart any attempt to privatise the company again. All we as an investor want is a commendable offer price close to the EV of RM4.65 a share,” says Goh.

https://www.theedgemarkets.com/article/david-vs-goliath-ccb-privatisat...

2022-02-18 10:45

Nepo

Do you think selling or buying one small lot (100 unit) is an usual action in normal market?
Think about it..

2022-02-18 10:59

huatallplant

googogogogogogo

2022-02-24 10:34

Hafid

Tomorow selling day

2022-02-24 23:29

Nepo

Based on the Record of Depositors dated 18 February 2022 (latest practicable date), the public shareholding spread of the Company remained at 10.97% and that the Company has yet to comply with the public shareholding spread requirement.

2 months ago

Hafid

Unless otherwise stated, the terms used herein shall have the same meanings as those set out in the Company's announcements dated 30 April 2021, 25 June 2021, 28 July 2021, 1 November 2021 and 29 November 2021 (“Announcements”).

As announced on 29 November 2021, Bursa Securities has vide its letter dated 29 November 2021 granted the Company a further extension of time of six (6) months from 28 October 2021 until 27 April 2022, to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements.

Based on the Record of Depositors dated 18 February 2022 (latest practicable date), the public shareholding spread of the Company remained at 10.97% and that the Company has yet to comply with the public shareholding spread requirement.

With JCCL’s current level of shareholding, any rectification proposal will not be successful without its support. Accordingly, the Company has engaged with JCCL on several occasions on the public shareholding spread shortfall and requested JCCL to formally inform the Company of their intention and plans with regards to CCB. As JCCL has not provided any plans on its intention with regards to CCB, the Company has not identified a feasible rectification plan at this juncture and will continue to engage with JCCL on the possible solution with regard to the listing status of the Company.

The Company will make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement for each quarter of the Company’s financial year in compliance with the Listing Requirements.

2 months ago

Hafid

wait for ccb drop to rm1.50

2 months ago

Hafid

2.30

2 months ago

airfan99

Ini kali RM3.60 atau terus kaish sampai RM4.65. ha ha....

2 months ago

mahmudkashimj

CCB shares climbed trading session last Friday, from RM2.10 to high RM2.38 and close the day at RM2.31 apiece. To recap, in March 2021, Jardine CCL made a fresh bid to privatise CCB — one of the country’s largest dealers of Mercedes-Benz vehicles — at RM2.40 per share or RM241.79 million.

2 months ago

mahmudkashimj

Goh mention that this third time around, the offer price will be so good that we will also sell. Why? JCCL simply just needs to buy 7.87% more shares to force a compulsory acquisition. After two failed privatisation manoeuvres in a row, do you think JCCL will afford to let it go up in smoke for the third time after increasing their stakes from 59.1% to 88.04%?” he asks.

“This is why we are willing to share our investment strategy. As a united group, the minority shareholders have the required dissenting votes to thwart any attempt to privatise the company again. All we as an investor want is a commendable offer price close to the EV of RM4.65 a share. In the mid-90s, Nasimuddin came to know that Daimler AG — parent company of Mercedes-Benz Passenger Cars — was going to reorganise its distributorship network in Asia, whereby the lucrative importership and distributorship of CCB would be terminated, in exchange for a 49% stake in Mercedes-Benz Malaysia Sdn Bhd (MBM),” he recalls.

Under the deal, CCB was transformed into a Mercedes-Benz dealer with no voting rights in the affairs of MBM, but it would be entitled to fixed dividends amounting to RM22.1 million whenever MBM declares a dividend, Goh explains.

“Seizing the opportunity to be appointed as the approved permit (AP) holder for imported Mercedes-Benz models into Malaysia (as MBM is not a 100% bumiputera-controlled entity), the late Nasimuddin went on a buying spree to acquire a lot of CCB shares in the open market, and made himself and Naza group a substantial shareholder of CCB back then. CCB’s share price surged as high as RM19.50 per share in 1997,” Goh says.

Note that the issued share base of CCB has remained at 100.74 million shares over the past 25 years. But today, CCB is only trading at about RM2.31.

2 months ago

airfan99

At the end of the day, we are all businessmen who look at the bottom line, not to make foes. But if you are not willing to make a good offer, that’s fine too as we see long-term value in CCB. say Mr. Goh...Mercedes, parent co is talking a deal with Tesla

2 months ago

meerkat0078

Jardine is collecting.. another privatization announcement expected soon.

2 months ago

Hafid

buy from 18/03 until 22/03.

2 months ago

Hafid

Jardine offer will not be that high. Maybe at the same at RM2.40 to RM2.80. keep buying back.

2 months ago

Hafid

The parent co still collecting. I suspect only June announcement and not now.

1 month ago

Nepo

like this type of buying by the JCCL, soon the shares will be depleted.
I was wondering why sellers want to sell at this price RM 2.40.
If you want to earn profit in stock market, you need to challenge, no free lunch. Refer to the earlier two offering, share price will at least worth at least RM 2.40, so WHY SELL NOW at RM2.40

1 month ago

Nepo

imagine If there is another party comes and also buy in to disrupt the supply of the shares, the share price will shoot up due to shortage of shares...if you sell now you may lose the opportunity to self-witness this historical event..

1 month ago

mahmudkashimj

SOMEONE IS SELLING AND JCCL BUY. THE QUESTION IS THE OFFER PRICE THIS TIME. RM2.40, RM2.60 or RM3.60 or RM4.65. THE PARENT COMPANY ALREADY NREARLY CONTROL 90%. SO THE SHARE IN THE MARKET IS GETTING LESS AND LESS.

1 month ago

mahmudkashimj

no offer yet.....

4 weeks ago

airfan99

extended another 6 months to comply with the listing rules

6 days ago

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