KLSE (MYR): SEAL (4286)
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Last Price
0.54
Today's Change
-0.005 (0.92%)
Day's Change
0.535 - 0.55
Trading Volume
486,800
Market Cap
205 Million
NOSH
380 Million
Avg Volume (4 weeks)
1,052,805
4 Weeks Range
0.53 - 0.59
4 Weeks Price Volatility (%)
52 Weeks Range
0.195 - 0.605
52 Weeks Price Volatility (%)
Previous Close
0.545
Open
0.54
Bid
0.535 x 260,500
Ask
0.54 x 33,000
Day's Range
0.535 - 0.55
Trading Volume
486,800
Latest Quarter | Ann. Date
30-Jun-2023 [#4] | 23-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 24-Nov-2023
T4Q P/E | EY
17.46 | 5.73%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.87 | 0.62
T4Q NP Margin | ROE
22.45% | 3.54%
2023-09-19
2023-09-19
Description:
Seal Inc Bhd is an investment holding company. The business of the company operates in various segments that include Property Management, Property Investment, Timber Related, Property Development, Construction, and Others. The Timber related activities consist logging, provision of logging infrastructure, sawmilling, plywood manufacturing and sale of timber products. The Construction segment generates maximum revenue for the company. Geographically the company caters its services only to the Malaysian market.
Seal Incorporated jumps 42% to 47 sen on expectation of new shareholder after placement
TheEdge Tue, May 09, 2023 11:50am - 20 minutes
KUALA LUMPUR (May 9): Seal Incorporated Bhd jumped over 42% to 47 sen, with 36.38 million shares changing hands early on Tuesday (May 9), on expectations of a new major shareholder, following another private placement exercise slated to complete by the third quarter.
According to the company’s Bursa filings, Aaron Chen Khai Voon is subscribing to a 20% stake in Seal via a RM16.2 million placement exercise, which will make the low-profile businessman the largest shareholder of the property developer.
Seal will be placing out 62.29 million shares to Chen at an issue price of 26 sen per share, which marks a 21% discount to the stock’s Monday closing price of 33 sen.
The stock closed up 2.5 sen or 8.2%, giving it a market capitalisation of RM104.72 million.
AmInvestment Bank Bhd has been appointed as the principal adviser and placement agent, while Astramina Advisory Sdn Bhd has been appointed as the financial adviser.
Seal’s current largest shareholders are Datin Seri Tan Guik Lan with a 14.38% stake, followed by her son Koay Shean Loong with 7.99%.
Following the placement to Chen, Tan’s shareholding will be diluted to 11.98%, while Koay’s stake will be reduced to 6.66%.
Chen, 62, would in turn own 16.67% of Seal’s enlarged issued share capital after the placement.
The placement came shortly after Seal completed a 10% private placement in March, raising RM7.08 million mainly earmarked for working capital.
It is worth noting that Chen’s sibling, Chen Siew Chong @ Chin Siew Chong, has also subscribed to Seal’s previous private placement, owning 14.31 million shares equivalent to a 4.6% stake as at April 12.
2023-05-09 12:13
@ipohwhitecoffee i haven't seen you on i3 for a long time. what were you up to?
2023-05-09 13:50
If you keep panicking like that, how will be you become a good trader like rr88?
2023-05-10 16:37
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2023-05-13 15:59
Last month 's news ? Yet it is still relevant. Mr. Chen Khai Voon is the co-founder of GENETEC.
So, what I hope is that Mr. Chen would not only joint venture with SEAL in renewable energy but also in EV vehicles and /or EV batteries as well, with his first-hand expertise and experience gained from GENETEC .
Even better , if SEAL would collaborate with GENETEC in EV.
This is what I dreamed for but sometimes a dream could turn into a reality.
(Just my opinion. Not a buy or sell call.)
2023-06-16 14:37
Mr. Chen Khai Voon, after the private placement completed, will be the substantial shareholder of SEAL.
2023-06-16 15:14
The prices of SEAL is fluctuating around RM0 40 to RM0.55. closing at RM0.425 today 16-06-2023 (Friday).. To me, there are still chances of moving higher.
Of course, there could be some downward corrections in between too.
After the private placement has been completed, Mr Chen Khai Voon will play the vital role to propel the company to greater heights by venturing into new businesses ( which could include EV as he has the first hand experience. )
I won't think Mr. Chen would keep his private placement funds in SEAL for nothing.
( Just my opinion. Not a buy or sell call)
2023-06-16 18:33
Sorry, the prices were fluctuating between RM0.42 and RM0.455 and closing at RM0.425 as at 16-06-2023 (Friday).
I apologize for my mistakes.
2023-06-16 22:25
Let's read the Star's report dated 09 May 2023 carefully again.
The group (SEAL) planned to utilise the proceeds for acquisition or investment in new viable business whereby the company is eyeing "renewable energy -related business(es) SEAL executive director Nixon Koay Shean Loong welcomed Chen's equity participation as a "strategic investor '.
" We (SEAL) are looking forward to work with him (Chen Khai Voon) to leverage his "rich " experience in managing diversified business(es). We look forward to Chen's valuable advice, guidance an insight on our potential venture into renewable energy sector , " he said.
2023-06-17 11:06
So renewable energy could include EV as well.
Someone said SEAL could be the start of a mini PARAGON.
I would say SEAL could be the start of a mini GENETEC.
(Just my opinion , not a buy or sell call. Trade at your own risks.)
2023-06-17 11:13
It's just a matter of time that Mr Chen Khai Voon (co-founder of GENETEC and the top 30 shareholder as shown in GENETEC' s Annual Report year 2022) will be the substantial shareholder of SEAL.
2023-06-21 10:39
Just imagine buying the shares with bright prospects at the price below RM0.50.
What would be the price be when its future projects generated much higher profits in the coming months ?
( Just my opinion. Not a buy or sell call. Trade at your own risks)
2023-06-22 11:18
just wait patiently, trust Genetec and order will come in from tesla someday
2 months ago
PureBULL >>>, [2023-07-31 3:08 PM]
SEAL
has a substantial new owner, the co-founder of genetec.
https://klse.i3investor.com/web/insider/detail/SBSH_566485_147559223
SEAL will venture also into new beginning biz in SOLAR RE, the best huge biz now.
chart wise, it's close to or abt at euphoria level of std 6, I guess.
wish it goes into a mild CN, Correction:
https://www.tradingview.com/x/8A9MV10S/
1 month ago
Speculative gurus attracting bilis in Whatapp and Telegrams to buy this counter, an opportunity for long-term holders to make a quick exit. Typical buy on rumours and sell on the news. How many will be caught?
Let's explore SEAL,
Rights issue (RI) to a corporate highflyer (so-called) at 26 sen for 69 mill shares and price now at 59 sen & RI money is to be used for solar ventures. SEAL is a lumber company or saw mill with declining turnover and losses for many quarters. Is it really worth 59 sen? Takes another 2 years for a new solar business to really move from ground zero. If the acquisition of an existing solar business has to be bought for a premium from its owners, at this time would have to be at a higher price considering the current energy and oil costs.
0 seconds ago
49 minutes ago
1 month ago
Bilis following speculative gurus will be in panic mode soon as the market will turn down and syndicates will move to other counters.
1 month ago
https://theedgemalaysia.com/node/674754
The above depicts the potential earnings of biogas power plants. Seal has started with investing in 10MW initially which may translate into RM15m earnings a year based on a very rough estimation. Hopefully more RE investments to come.
1 week ago
Given that Seal is venturing into RE business, especially Waste-To-Energy power plants, it will attract more institutional investors eventually, as the institutional fund managers need to have more ESG-compliant investments going forward. Kudos to the new major shareholder who can quickly add value to the company. His ability to add value was well reflected in the transformations of both Genetec and Citaglobal.
6 days ago
https://www.thestar.com.my/news/nation/2023/09/17/malaysia-china-sign-three-mous-worth-nearly-rm20bil
NANNING: Malaysia and China have inked three memoranda of understanding (MOUs) worth RM19.84bil.
The first MOU, worth RM15bil, was inked between Citaglobal Bhd and Shanghai Sus Environment on exploring the potential collaboration for developing waste to energy power plants primarily in Malaysia.
6 days ago
abcb
Limit up soon
2023-05-09 11:01