Issue shares to acquire singer based on 33sen per share... :)

Undervalued?? Buyback continuously

29 May 2020 Immediate Announcement on Shares Buy Back
28 May 2020 Immediate Announcement on Shares Buy Back
27 May 2020 Immediate Announcement on Shares Buy Back
22 May 2020 Immediate Announcement on Shares Buy Back

Notice of Shares Buy Back by a Company Pursuant to Section 127 (16) of CA 2016
BERJAYA CORPORATION BERHAD

Date of buy back from 21 May 2020
Date of buy back to 29 May 2020
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 10,600,000
Minimum price paid for each share purchased ($$) 0.190
Maximum price paid for each share purchased ($$) 0.200
Total amount paid for shares purchased ($$) 2,074,644.74
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 10,600,000
Total number of shares retained in treasury (units) 319,600,000
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished
Date of Notice 29 May 2020
Date lodged with registrar of companies 01 Jun 2020
Lodged by Tham Lai Heng Michelle

Very steady compared to other stocks

52 Weeks Range: 0.17 - 0.275

Steady


BJCORP (3395): BERJAYA CORP BHD - Overview | I3investor


BERJAYA CORP BHD
Last Price Today's Change
0.195 +0.005 (2.63%)

Board: MAIN
Sector: Industrial Products
Avg Volume (4 weeks): 13,661,006
4 Weeks Range: 0.19 - 0.21
52 Weeks Range: 0.17 - 0.275
Average Price Target: 0.60
Price Target Upside/Downside: +0.405
Berjaya Corp Bhd is a Malaysia-based conglomerate that is engaged in financial services, consumer products marketing, property investment, hotel operation, gaming, restaurant operation, and others. The consumer products marketing segment and the gaming segment are the two largest segments by revenue contribution, jointly accounting for the majority of the company’s sales. The company’s marketing businesses are carried out through marketing company Cosway and organic product provider Country Farms. The gaming and related services businesses are primarily carried out through Toto-betting-business operator Sports Toto Malaysia and Berjaya Philippines. The company generates the majority of its revenue from the Malaysian domestic market.
Date Close
02/06/2020 0.19
01/06/2020 0.19
29/05/2020 0.19
28/05/2020 0.195
27/05/2020 0.195
22/05/2020 0.19
21/05/2020 0.195
20/05/2020 0.20
19/05/2020 0.20
18/05/2020 0.195
15/05/2020 0.195
14/05/2020 0.20
13/05/2020 0.20
12/05/2020 0.20
08/05/2020 0.20
06/05/2020 0.20

Tan will provide to BCorp a profit guarantee that Singer will achieve a profit after tax of RM20mil per year for 2020 and 2021.

PETALING JAYA: Berjaya CorpBhd has signed a memorandum of understanding (MOU) with Berjaya Retail Sdn Bhd (BRetail) and Tan Sri Vincent Tan, the major shareholder of both BCorp and BRetail, to acquire 100% stake in Singer (M) Sdn Bhd from BRetail for a net payment of RM388mil.

The deal is after the set-off of the inter-company debts of the Singer Group of RM148million against the purchase consideration of RM536 million.

As at Dec 31,2019, the unaudited net assets of the Singer Group was RM561mil.

In a statement, BCorp said the acquisition would involve the issuance of new BCorp shares at an issue price of 33 sen each.

This would represent a premium of 14 sen or about 74% over last Friday’s closing price of 19 sen per BCorp share.

“BCorp will issue about 1.2 billion BCorp shares for the net payment of RM388mil.

“In addition, Tan will provide to BCorp a profit guarantee that Singer will achieve a profit after tax of RM20mil per year for 2020 and 2021.

“Based on net payment of RM388mil for the 100% stake in Singer, this profit guarantee of RM20mil per year will translate to a net price-earnings multiple of 19.4 times, ” BCorp said.

Singer had an existing issued share capital of RM438mil.

something is very strange


01-Jun-2020 Audit Committee Member of Audit Committee Resignation - DATUK DR WONG LAI SUM on 01-Jun-2020.
01-Jun-2020 Board Member Independent Director Resignation - DATUK DR WONG LAI SUM on 01-Jun-2020.
01-Jun-2020 Nomination Committee Member of Nomination Committee Resignation - WONG LAI SUM on 01-Jun-2020.
01-Jun-2020 Remuneration Committee Chairman of Remuneration Committee Resignation - WONG LAI SUM on 01-Jun-2020.

Will fall ... Investors don't like largest shareholder selling private company to listed companies


Bhd (BCorp) is acquiring home appliances distributor Singer (M) Sdn Bhd from major shareholder Tan Sri Vincent Tan.

“The market talk is that BCorp is purchasing Singer from Tan, ” a source told StarBiz yesterday.

Trading in BCorp has been suspended from yesterday until 5pm today, pending a material transaction.

The stock last traded at 19 sen on Friday, with a market capitalisation of RM930.49mil.

Last year, the Berjaya group announced that it had planned to inject Singer into BERJAYA MEDIA BHDas part of the company’s regularisation plan.

According to its website, the Singer brand was established in Malaysia in 1906 as a branch of US-based Singer Sewing Machine Co.

In 1989, Berjaya Corp made a takeover bid for SSMC Inc, the parent company of Singer, resulting in BCorp acquiring 100% equity in Singer.

Singer became a wholly-owned subsidiary of Berjaya Retail Bhd, which also owned 7-Eleven Bhd, on June 14,2010.

Berjaya Retail, which was listed in 2010, was however taken private within less than a year by Tan, who cited the company’s poor share price performance as one of the reasons for the privatisation exercise.

According to Singer’s Malaysian website, the company has a retail network of over 700 shops in major townships, suburban and rural areas.

It is supported by more than 3,000 sales associates and 350 authorised after sales service contractors.

“Singer sells and provides easy payment scheme for its variety of consumer durables, both brown and white goods, flat panel television, refrigerator, washers, furniture, motorcycles, wellness products and digital products to Malaysia consumers.

“Singer was the pioneer in offering flexible Easy Payment Scheme giving customers the option of paying for the purchases by monthly installments that ranges from three to 48 months, ” it said.

:)

Date Price Target Source News
27/05/2020 0.25 MIDF Price Target News
27/05/2020 0.25 AmInvest

Won't travel this year unless takda choice

QR dateline is 30 june... accounts staff need more time to complete due to mco :)

OTHERS G3 Global Berhad ("G3" or "the Company") Collaboration Agreement between the Company and Malaysia Automotive Robotics And IOT Institute
G3 GLOBAL BERHAD

Type Announcement
Subject OTHERS
Description G3 Global Berhad ("G3" or "the Company")
Collaboration Agreement between the Company and Malaysia Automotive Robotics And IOT Institute
The Board of Directors of G3 wishes to announce that the Company has on 6 May 2020 entered into a Collaboration Agreement with Malaysia Automotive Robotics And IOT Institute.



Please refer to the full announcement as attached.



This announcement is dated 6 May 2020.

:)

MEMORANDUM OF UNDERSTANDING G3 GLOBAL BERHAD ("G3" OR THE "COMPANY") Status update on the Memorandum of Understanding between the Company and SenseTime Group Ltd and China Harbour Engineering Company Ltd
G3 GLOBAL BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description G3 GLOBAL BERHAD ("G3" OR THE "COMPANY")
Status update on the Memorandum of Understanding between the Company and SenseTime Group Ltd and China Harbour Engineering Company Ltd
Reference is made to the announcements dated 26 April 2019 (“Initial Announcement”), 6 August 2019, 25 October 2019 and 22 January 2020 in relation to the Memorandum of Understanding between the Company and SenseTime Group Ltd and China Harbour Engineering Company Ltd.



Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.



The Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU since 22 January 2020.



This announcement is dated 22 April 2020.

Belum file for bankruptcy, Ada hope kot? :)

ya, warrant can double to 60sen when gpmother share returns to RM1, 60sen + top up 40sen to exercise the warrant :) Pray hard !!!



GPACKET-WB, a Big Frog?
Author: i3gambler | Publish date: Sun, 31 May 2020, 11:25 AM

After reading KC's answer to John's question, is GPACKET-WB a big frog?



I want to busy body and calculate its fair value by using 200 steps binomial method.



The input required:

A) Expiry: I prefer to input Aug 2023 instead of Nov 2023, ie. 3 months earlier, as I believe any company warrant will be trading at discount when it is approaching expiry due to troublesome of conversion.



B) Asset, ie Mother Share Price, here I input 3 different prices:

B1) RM0.835, the current market price.

B2) RM0.700, equal to WB's price plus exercise price, ie. RM0.300 + RM0.400 = RM0.700.

B3) RM0.420, the lowest day closing price from the last 150 trading days.



C) Volatility, I suppose to input the average volatility for the period from now to expiry. I have to look at its historical volatility and assume it will remain more or less the same in future.

C1) 100%, as the volatility calculated from the last 90 trading days is 103%.

C2) 50%, be safe and chop half.

C3) 25%, the lowest volatility found in the last 150 trading days, before GPACKET became excited.



Look at the attached screenshot, the fair values are shown in column L.

Hehehe.....the fair values are ranging from RM0.095 to RM0.640, very much depending on the inputs.

Trade at your own risk, I neither own any GPACKET nor GPACKET-WB.

~ total warrants outstanding of 423.5 million warrants, just say, someone exercises 250mil at 40sen= RM100mil paid to the company, enough for the requirement of the digital bank licence. if the warrantholder tak wang untuk exercise the warrant, sell to cash rich companies to exercise the warrants :)

So many viewpoints, able to evaluate further starting tomorrow when the market opens :)

Period!

kenapa latest target price for AA so low? :)


Date Open Price Target Price Upside/Downside Price Call Source News
15/05/2020 0.73 0.43 -0.30 (41.10%) SELL AmInvest


Over the longer term, AmInvest Research said that the outlook for regional ports, including Malaysia, is underpinned by rising investments in the manufacturing sector that generates tremendous inbound and outbound throughput for ports as industries here operate within the global supply chain.

For the airline industry, it is expecting passenger volume for AIRASIA BHD to shrink by 35% in 2020 from the previous year, to be followed by a 25% rebound in 2021 from a low base.

But this assumes that the pandemic will have been significantly contained by then, or vaccines would have been developed and made available.

AirAsia is rated a sell with a target price of 43 sen.



https://www.thestar.com.my/business/business-news/2020/05/15/transport-sector-to-see-challenges-ahead

Due to mco, listed companies were given one extra month to report their QR. So, another month

Up to AirAsia if they wanted to release the QR. Dateline is June 30

G3 is controlled by gp indirectly as the largest shareholder and also the largest warrant holder


LIST OF TOP 30 WARRANTS HOLDERS AS AT 15 APRIL 2020
NO WARRANTS HOLDERS WARRANTS %
1 GREEN PACKET BERHAD 76,312,500 50.6433
2 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHAN SWEE YING
20,106,050 13.3430
3 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TAN CHONG SWEE
17,097,500 11.3464
4 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KON TEK YOONG
7,708,100 5.1153
5 SMART WISDOM SDN BHD 7,410,000 4.9175
6 GRANDSTEAD SDN BHD
PLEDGED SECURITIES ACCOUNT FOR MASTER
KNOWLEDGE SDN BHD
5,402,175 3.5850
7 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHEOK KUANG YI
3,141,000 2.0845
8 GRANDSTEAD SDN BHD 3,000,000 1.9909
9 GRANDSTEAD SDN BHD
PLEDGED SECURITIES ACCOUNT FOR PENTAGON
PARADE SDN BHD
2,029,200 1.3466
10 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR YONG MONG HUAY
1,550,000 1.0286
11 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LEONG SENG WUI
1,110,950 0.7373
12 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LOH LEE YIN
710,800 0.4717
13 GAN LAM SEONG 523,500 0.3474
14 GRANDSTEAD SDN BHD 337,400 0.2239
15 RHB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHAN CHOOI TENG
320,000 0.2124
16 GRANDSTEAD SDN BHD 300,000 0.1991
17 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR KON TEK YOONG
204,600 0.1358
18 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SIN CHIN CHAI
150,000 0.0995
19 NGAN CHAI NENG 142,500 0.0946
20 NG THEM SEANG 128,600 0.0853
21 KENANGA NOMINEES (TEMPATAN) SDN BHD
RAKUTEN TRADE SDN BHD FOR LIM SIEW PING
123,500 0.0820
22 NGAN NAM CHANG 108,000 0.0717
23 SHUE TEE WOH 84,000 0.0557
24 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ENG MOK HOCK
(08E00033Q-008)
77,700 0.0516
25 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LEE MIK SEN
72,400 0.0480
26 GOH LEONG YEONG 72,200 0.0479
27 TAN GINN AN 72,000 0.0478
28 TAN HAI LING 71,700 0.0476
29 LEONG YAIK SOON 67,500 0.0448
30 RHB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TAI KIM CHUAN
67,500 0.0448
TOTAL 148,501,375 98.5500

This company will become a subsidiary of GP if GP exercises all its warrants as the largest warrant holder in G3, right? :)

@Joe8 This company 30% owned by gpacket, management also one hang. Go see how their stock dropped 30% from a pump and dump exercise just these last few days.

Better stay away from these con companies
20/05/2020 7:29 AM

Use your weekends to study its QR if any.

After Genting fell with its QR, wise to wait for QR for tourism related sector like airlines, hotel, etc

Who hold the millions of warrants traded recently now? New investors from China, etc ???


Date Close Volume
28/05/2020 0.315 44,697,800
27/05/2020 0.355 61,312,900
22/05/2020 0.35 105,798,600
21/05/2020 0.31 85,733,800
20/05/2020 0.285 145,679,900
19/05/2020 0.265 234,074,000
18/05/2020 0.465 331,511,700
15/05/2020 0.465 419,926,800
14/05/2020 0.46 185,125,700
13/05/2020 0.395 75,301,300
12/05/2020 0.445 68,001,500
08/05/2020 0.41 79,069,800

Guru kewangan ajar, bad results release on Friday night, investors boleh bertenang , tak Jual next day, boleh berfikir at weekends

No hurry to buy today . If cash tinggal sedikit, big fall next Monday jika results released tonight

Wait for the results tonight. Read the financial statements till 31.3.2020. see cukup cash untuk bertahan dulu

Next week, tonight many companies will be releasing results. Not advisable to buy today

Results should be released tonight so that investors could be cool during weekends

Lagipun ekonomi teruk , rakyat malaysia Ada banyak Wang lagi pergi Judi Ka?

Q2,2020 results nanti, sangat teruk

OTW to below rm2

Not optimistic with the announcement by the minister

Right issue or private placement without govt help.

AirAsia needs govt help

Q2 lagi buruk. Apr + may + Jun 1-8, MCO.

Q2 lagi buruk. Apr + may + Jun 1-8, MCO.

Die lah

PUBLISHEDMAY 21, 2020, 9:18 AM SGT
FACEBOOKWHATSAPPTWITTER
PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) - All those entering Malaysia will have to bear the cost of mandatory quarantine and are to sign a letter agreeing to pay before they can make the trip to the country, says Datuk Seri Ismail Sabri Yaakob.

The Senior Minister said with the latest policy, Malaysians would pay half the cost of quarantine services while non-citizens, including spouses and family members of Malaysian citizens, had to bear the full cost.

"This will take effect from June 1 as Malaysia will continue to impose compulsory quarantine on those who return from abroad to prevent the spread of Covid-19, " he said at his daily media briefing on Wednesday (May 20).

Die lah with such announcement :(


PUBLISHEDMAY 21, 2020, 9:18 AM SGT
FACEBOOKWHATSAPPTWITTER
PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) - All those entering Malaysia will have to bear the cost of mandatory quarantine and are to sign a letter agreeing to pay before they can make the trip to the country, says Datuk Seri Ismail Sabri Yaakob.

The Senior Minister said with the latest policy, Malaysians would pay half the cost of quarantine services while non-citizens, including spouses and family members of Malaysian citizens, had to bear the full cost.

"This will take effect from June 1 as Malaysia will continue to impose compulsory quarantine on those who return from abroad to prevent the spread of Covid-19, " he said at his daily media briefing on Wednesday (May 20).

Good to wait for results first. Genting tumbled after announcing results

London biscuits Dah tiada, bigger market share in the local market now? :) Durian runtuh?

Volume traded up, anak largest shareholder Beli syer, Ada news mau Jual ka? :)

Date Close Volume
21/05/2020 0.295 425,200
20/05/2020 0.285 127,800
19/05/2020 0.285 123,800
18/05/2020 0.295 66,700
15/05/2020 0.285 109,300
14/05/2020 0.29 61,200
13/05/2020 0.29 160,000
12/05/2020 0.29 288,000
08/05/2020 0.295 1,400
06/05/2020 0.29 0

Hwatai factory in Johor is close to munchy, hopefully CVC offers to acquire hwatai also :)

:) 2017 for remembrance


Hwa Tai Industries Bhd (-ve)

SHARES in Hwa Tai Industries Bhd (fundamental: 1.15/3, valuation: 0.3/3) triggered our momentum algorithm last Friday for the first time this year.

The stock closed up 6.5 sen or 12.15% at 60 sen last Friday, with a volume of 2.44 million shares traded, exceeding the counter’s 200-day average volume of 204,505 shares.

Its market capitalisation stood at RM44.9 million.

For the financial year ended Dec 31, 2016 (FY16), Hwa Tai saw its net profit rise 17.4% to RM378,000 from RM322,000 in FY15, while revenue slipped 4.8% to RM63.17 million from RM66.3 million in FY15.

At the current share price, Hwa Tai is trading at 1.44 times its book value.

For hwa tai, hope for new buyer to acquire it, the current top Mgmt is useless , etc. Destroying shareholders' value over many years

World Biscuit Market and Trends | | BBM Magazinewww.magazinebbm.com › english › .html
While demand for nutrition is increasing worldwide, biscuit consumption is rising accordingly. Demand for biscuits in the snack category has been increasing.

Biscuit sales in India: Cookie demand grows while biscuit ...m.economictimes.com › ... › Cons. Products › FMCG
Aug 27, 2019 - Cookie demand grows while biscuit sales slow. Agencies. Consumption in rural India, which accounts for about a third of the market, has been ...

Demand for biscuits, instant noodles soars | Cities News,The ...indianexpress.com › Cities › Pune
Mar 27, 2020 - ... in large quantities, shopkeepers have seen a sharp rise in the demand for instant packets of noodles, dough, biscuits and tobacco products.

Global Biscuit Market | Growth | Trends | Forecastwww.mordorintelligence.com › industry-reports › biscu...
The global biscuits market is projected to grow with a CAGR of 5.08 during the forecast period 2019-2024. The market is driven by the rising demand for ...

Biscuits Market Global Demand is Anticipated to Grow at a ...www.globenewswire.com › news-release › 2019/07/29
Jul 29, 2019 - Biscuits act as on-the-go food and are experiencing high demand due to urbanization which boosts the growth of the market. Easy availability of ...

Demand for healthy biscuits is increasing due to the active lifestyle of the consumers who look for convenient eating options. Rising demand for healthy snacks, coupled with high per capita food consumption, especially in developing countries such as India and China, is contributing to the growth of the global market.

Healthy Biscuits Market Size, Share | Industry Research ...