wallstreetrookieNEW

Someone said the proposed acquisition is priced at RM0.80++ per share?

2 weeks ago

wallstreetrookieNEW

Remember someone named BursaMaster recently posted the rumour here. Hope he is not lying

2 weeks ago

moven00

Anyone also can put a price on the acquisition price la. Let’s say I say RM1 acquisition. Hope? Better don’t play with hope bro. You have money you’re king and can buy other counters.

2 weeks ago

moven00

Let the shark shiok sendiri. Play la. You buy and sell and kindly contribute to our BuRsa 1818 income.

2 weeks ago

jwyap

Star 死大！誰买了它，大家果然都是死大了。

2 weeks ago

linheng

A much higher price is achievable but needs time. So far all that have happen is positive. Tong is definitely not cozy with MCA and MCA is not going to sell controlling stake to Tong. Tong will be the policeman watching the company.
Just selling 2 piece of Industrial Property at Bkt Jelutong Shah Alam already net STAR 13% stake in MATANG and another RM4.12m cash. Looks like the same corporate move will be repeated on most of STAR Media's property across the control. So the cash hoard will just be increasing and simultaneous STAR Media will have a significant stake in Matang. Matang got alot of land with development potential in Johor. Star's entry into Matang is at just 8.09 cents a share.

2 weeks ago

linheng

Matang will unlimitedly become the property arm of Star Media

2 weeks ago

smallrail

everyday drop 2 sen

2 weeks ago

pang72

So, who want to be the last person to close the door?

2 weeks ago

stockraider

Still can buy mah!
Net cash 50 sen loh!

1 week ago

Icon 888

Election

1 week ago

mf

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1 week ago

9vegetable

Edge bos say faster buy now cheap

1 week ago

stockraider

Accumulate now loh!

1 week ago

9vegetable

continue junam

1 week ago

Lee Chee Wee

Bottom out already. Buy between 0.42-0.44 , sell 0.50-0.515.

1 week ago

jwyap

game is overed, back to 32ct soon

6 days ago

Donator

collect again when back to 32sen

6 days ago

Lee Chee Wee

Today bottom out @0.405. Rebound on the way.

6 days ago

jwyap

Currency drop. All share drop. Drop drop we have smart government

6 days ago

9vegetable

edge bos say faster average

6 days ago

jwyap

Suppose star is bright but mca star is bloody red.

6 days ago

kutipkutip

tutup 0.410 , besok sudah boleh mula kutip kutip

6 days ago

coolguy

Chairman at the AGM said quite confidently that 2023 financial performance should be better than 2022 in terms of revenue and profit. So dividend payout for 2023 will be more than 1c hopefully.

5 days ago

coolguy

The current share price is well below it's net cash figure now. All of Star business assets and properties are foc bundled in.

5 days ago

coolguy

Hopefully with the Star business hub development project the income will increase in the years to come. The high rise office block at section 13 when occupied will generate good return in future. Just hold on for me to collect dividends just like REIT shares.

5 days ago

9vegetable

continue junam edge boss ask collect!

4 days ago

kutipkutip

0.390 support , rebound lah sikit

3 days ago

kutipkutip

kemon limit up !

3 days ago

coolguy

Please read The Edge review on the sale of property to Matang. I agree with the Edge that the related party transaction does not benefit the minority shareholders of Star. Vote against the sale proposal at the EGM on 30 MAY2023!

2 days ago

coolguy

https://theedgemalaysia.com/node/668812

2 days ago

coolguy

A very detail analysis of Star Media's poposed sale of the 2 properties to Matang.

2 days ago

moven00

That’s the problem when you want to associate with untrustworthy people. Will be interesting to see once the biggie got burned.

2 days ago

nikicheong

Can MCA vote in the EGM? Or are they forced to abstain?

2 days ago

lassy

MCA a majority owner of THE STAR will decide in this coming EGM whether to support this related party transaction or reject it for the benefit of long time small faithful shareholders. The outcome of this inter related party transaction will definitely have a bearing in this coming STATE ELECTION .MCA will not garner support from the Chinese or the rahyat if THE STAR MEDIA star share price cannot SHINES.Some small shareholders already got BURNED chasing STAR MEDIA share above 60sens and now WHOM DO THEY VOTE in this coming state election,MCA can guess it outcome and MIGHT LOST it candidate election deposit if this group of shareholders,family member and friends vent their frustration in the ballot boxes.Should have let THE STAR share price stay at 30 plus sen instead of a share buy back chasing it to 60 sen and let it have a FREE FALL again back to where it came from.POLITICS always make the POOR RAHYAT look like a dumb fool and taken for a ride and only benefits those well connected rich.

2 days ago

lassy

if MCA over 50% owned HUAREN Holdings cannot stabilize a small STAR MEDIA company share price, do you think if MCA is part of the government is able to contribute an idea to stabilize our economy and especially our RINGGIT. Actually because of the poor market sentiments a pull back of about 10% to 54sen is OK but not 20% down to the price when the company excercise it BUYBACK. Someone must have GAIN during the run up and also during the sell down. Why not let TABUNG HAJI fund sell all the way down to 20 sens before exercising the buy back and in that case small shareholders would not have been caught holding the over 60sen STAR shares now with a very GOOD write up article on STAR.MCA is resposible because it hold a majority share and resposible for company directors and company senior exec.appointments Cannot understand WHY let GOOD money going after BAD MONEY.

1 day ago

lassy

This morning I overheard a group of senior citizen eating BKT in KLANG grumbling how bad is STAR MEDIA share price and got burned during the RUN UP. This innocent seniors was just hoping to collect a angpow election moneya but unfortunately somebody else with golden fingers has collected it and safe inside the pocket.

1 day ago

speakup

My sifu once told me..... When u heard uncles and aunties comment about a stock in a koptiam, sell it!

1 day ago

Seek

Edge boss Tong bought into star media n many chase this stock. Now Tong not happy with the Matang interrelated party deal.

1 day ago

speakup

Not happy, sell lor! Not happy, keep for what? Just prolong his unhappiness only

1 day ago

i3lurker

Masochists => people who enjoy suffering. Not happy must keep in order to suffer more.

1 day ago

coolguy

The Edge bought over the remaining 5%+ share owned by ASB on the same day. Many got caught recently chasing the shares up to 60cts +. No choice but to hold on.

1 day ago

speakup

https://www.thestar.com.my/news/nation/2023/05/27/yeow-tongs-take-on-matang-deal-inconsistent-with-egm-circular

Star hamtam balik Tong 🤛

1 day ago

i3lurker

BURSA requirement for subject matter experts had been implemented long ago.

quite difficult for Tong to hold out as another "subject matter expert"

I cook everyday
but its difficult to claim I am a subject matter expert on cooking unless I am an accredited Culinary School graduate.
Key word is accredited.
taking cooking lessons from mum dun qualify as cooking subject matter expert.

1 day ago

freddiehero

sudah habis goreng ka

1 day ago

lassy

i AGREE with TONG because if it is a GOOD DEAL for STAR then it share price would have gone up or at least hold steady at 56 to 60sen because of poor market sentiment and not ALL THE WAY DOWN to 39sen.The AH PEK drinking chatting in the coffee shop only knows if it is a good deal then the price will has GONE UP and not the other way round.

20 hours ago

coolguy

Save for the following Interested Parties, our Company is not
aware of any other Directors and/or major shareholders of our
Company and/or any persons connected with them who have any
direct or indirect interest in the Proposed Disposal:
(i) Tan Sri Dato’ Sri Kuan Peng Ching @ Kuan Peng Soon,
being the Interested Director who is the Deputy Chairman
and the Non-Independent Non-Executive Director of our
Company with a direct interest of 3.64% and indirect interest
of 0.46% in Matang held through Unique Bay Sdn Bhd
pursuant to Section 8(4) of the Act;
(ii) Malaysian Chinese Association, being a substantial
shareholder of our Company with a direct interest of 43.23%
in our Company, also has an indirect interest of 17.15% in
Matang held through each of Huaren Holdings Sdn Bhd and
Rohua Sdn Bhd; and
(iii) Huaren Holdings Sdn Bhd has a direct interest of 2.13% in
our Company and as noted above, is a substantial
shareholder of Matang with a direct interest of 16.28% in
Matang.
Rohua Sdn Bhd does not hold any shares in our Company as at
the LPD. It has a direct interest of 0.87% in Matang.
As such, the Interested Parties will abstain from voting in respect
of their direct and/or indirect shareholdings on the resolution
pertaining to the Proposed Disposal at the forthcoming EGM.
The Interested Parties have also undertaken to ensure that the
persons connected with them, will abstain from voting in respect

19 hours ago

coolguy

All interested parties or person connected with them will abstain from voting. So the decision is up to the minority shareholders. Good to have The Edge as a check and balance on the actions of the Major controlling shareholder which is MCA

19 hours ago

coolguy

The above taken from Section 9,
Part A of the Circular to shareholders

18 hours ago

lassy

When STAR MEDIA share price start to fall below 30sen in the year 2020 ,MCA only have 2 MP left standing against 31 seat in 2004 and 15 seats in 2008.I will call it LUCKY for MCA still able to hold on to the 2 seats.STAR media is the FLAG BEARER of the MCA and if the STAR FALL what do MCA election candidate expect.Just ONE SIMPLE QUESTION if MCA cannot run it own house THE STAR in good order , HOW DO MCA expect the rahyat to vote them in to run the state constituencies ,they must be JOKING with the rahyat.

17 hours ago