Who jump to PH?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?

ESOS RM 1.54 why can allow not RM 8?

Focus RM 4.9 billion mkt cap 25% Fintec owned already >RM 1.2 billion who sell at 10 sen smart? I add more.

Focus Dynamics’ single largest shareholder as at June 1 was Asiabio Capital Sdn Bhd, which had a 25.05% stake. Asiabio is controlled by business incubator and strategy advisory Fintec Global Bhd.

Who are Focus Dynamics’ shareholders?
Just as it is hard to explain its price surge, it is equally hard to know the people who control Focus Dynamics as they are hidden behind corporate entities.

Among its largest shareholders is Credit Suisse Group AG, which had 9.95% equity interest as at Aug 18, according to exchange filings. Who Credit Suisse is holding these shares for is unknown. Meanwhile, in its annual report, the list of 30 largest shareholders has very few individual names and comprises mostly merchant banks holding for clients.

Focus Dynamics’ single largest shareholder as at June 1 was Asiabio Capital Sdn Bhd, which had a 25.05% stake. Asiabio is controlled by business incubator and strategy advisory Fintec Global Bhd.

According to Fintec Global’s annual report, its only ultimate substantial shareholder as at June 24, 2019, was Adamas Finance Asia Ltd, holding 5.21%. Meanwhile, on its list of top 30 shareholders, UOB Nominees is named as holding 6.15% for Sanston Financial Group Ltd.

Perhaps this is one case where unmasking may be necessary.

Cover Story: The unfathomable rise of F&B operator Focus Dynamics to become a RM4 billion stock

AMONG the stellar performers on Bursa Malaysia this year is Focus Dynamics Group Bhd. Year to date, its stock has gained more than 350%, closing at RM2.28 last Friday, translating into a whopping market capitalisation of RM4.66 billion.

This market value is quite an achievement considering that, in the decade from 2009, it has only managed to register net profits in one financial year — in FY2017, when it chalked up RM3.48 million in net profits from RM31.65 million in revenue.

In the first quarter ended March 31 (1QFY2020), the company, whose main business is running food & beverage (F&B) outlets, registered a 21.2% year-on-year increase in net profits to RM748,000 while revenue slipped 6.7% to RM9.30 million. It had cash and bank balances of RM3.7 million and deposits with licensed banks amounting to RM1.95 million. It had little in terms of borrowings, with its interest expense at a mere RM218,819 for the three-month period.

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Since the company’s flotation exercise on the Mesdaq market of Bursa Malaysia on Feb 10, 2006, Focus Dynamics has yet to pay out any dividends. This is despite its saying at end-November 2017 that it had adopted a policy “to pay an annual dividend of up to 20% of its consolidated profits after tax attributable to owners of the company in respect of any financial year, provided that such distribution will not be detrimental to the company’s cash flow requirements”.

It also added, “The company reserves the discretion to pay [a] higher rate of dividend as it deems appropriate”.

From the date of the flotation exercise to end-April last year, Focus Dynamics’ share price averaged 8.3 sen.

As at end March, its net asset value per share was only around two sen, with its main asset being an entertainment outlet in Menara Lien Hoe in Petaling Jaya.



In early July, when questioned by Bursa Malaysia on the meteoric rise of its share price via an unusual market activity query, Focus Dynamics said, “The group has been continuously on the lookout for opportunities to expand its core business in the F&B segment via mergers and acquisitions to enhance the group’s earnings and improve its financial performance.

“In recent weeks, the group has been in discussions for several opportunities to potentially acquire strategic stakes in F&B companies. In addition, the group is currently in an exploratory stage for a potential merger/acquisition exercise with another company that has a sizeable assets base.

“Notwithstanding the above, the group wishes to highlight that no decision has been made yet with regard to any potential proposal at this juncture as all discussions are still at a preliminary/exploratory stage. The group will make the relevant announcements in accordance with the Listing Requirements in the event of any material development pertaining to the above.”

What is going on?
“Irrational exuberance,” says a seasoned market player on Focus Dynamics’ rise. Another says hidden hands or syndicates — groups that push specific counters up or down — are at work.

Checks with market sources indicate that there are about 20 companies whose share prices appear to have been pushed up by the same group of people. When asked to name some of these counters, one source says, “Just look at the most actively traded on a daily basis … it’s all the same group.”

Nevertheless, there has been a number of developments at Focus Dynamics. For example, it announced a cash call in January 2018, but that has yet to take place with many postponements and several revisions and changes.

In its latest announcement on Aug 18, Focus Dynamics proposed a one-to-three share split, a renounceable rights issue of up to 2.04 billion new irredeemable convertible preference shares (ICPS) with up to 3.07 billion free detachable warrants on the basis of three warrants for every two ICPS subscribed. The proposal is a revision of the previous proposed exercise announced on Jan 9, 2018, it added.

The ICPS have a 10-year tenure and are convertible to new Focus Dynamics shares at a conversion rate of 10-to-one. Both the rights issue and conversion prices will be determined later, although the company has placed an indicative rights issue price of five sen per ICPS.

The free warrants, meanwhile, come with a tenure of five years with the exercise price also to be determined later.
https://www.theedgemarkets.com/article/cover-story-unfathomable-rise-fb-operator-focus-dynamics-become-rm4-billion-stock

Sanston Financial group agree Tan Sik Eek new boss?

Tan Sik Eek want to be new boss bec then Fintec 15.5 now 10.5 where he can find money?

Close to RI 8 sen will it proceed Tan Sik Eek?

No shares talk cock here?

OR can sell to me? 0.005 I give you.

RI no $ true or not?

Buylowandrun Bodoh bod
17/09/2020 6:03 PM

TopGlove latest QR record profit why haters don't know? Venture into gloves also wrong?

Focus >2.4 why not Fintec buying?

Komarkcorp, Saudee latest buy also in profit.

Focus share as good investment also wrong?

winsonmo What's wrong with the car? not supporting local brand? hahah
17/09/2020 9:14 PM

Focus 2.63(up further 2 sen) bad for Fintec? I confuse like my ID haha.

MMAG signs ECRL foreign workers agreement
https://www.thestar.com.my/business/business-news/2020/09/16/mmag-signs-ecrl-foreign-workers-agreement

Can gain from ECRL like MMAG?

Goreng after M'sia Day?

1 more sour grape I see haha.

Focus RM 2.61 is still higher 50 sen from this blog.

i3gambler cut loss? Why no more post? What if Focus drop badly(90%) is Fintec still worth?

ruby20 are you implying Focus Dynamic will drop to 0.26 not RM 2.6? Answer me back.

https://klse.i3investor.com/blogs/gambler/2020-08-19-story-h1512418784-Is_FINTEC_PA_a_fat_frog_dancing_in_the_street.jsp

I3 members selling? Even Focus 0.26 not RM 2.6 Fintec total shares owned as per i3gambler compiled(blog); Fintec worth is more.

OTHERS Announcement by Parkson Retail Asia Limited - Update on Legal Proceedings involving Parkson (Cambodia) Co., Ltd
PARKSON HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Announcement by Parkson Retail Asia Limited - Update on Legal Proceedings involving Parkson (Cambodia) Co., Ltd
Reference is made to the announcements made by Parkson Holdings Berhad (“PHB” or the “Company”) on 15 November 2018, 29 October 2019, 27 April 2020 and 21 May 2020 in relation to the announcements made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) by Parkson Retail Asia Limited (“PRA”), a 67.96% owned subsidiary of the Company listed on the SGX-ST, in respect of the issuance of Notice of Arbitration to Hassan (Cambodia) Development Co., Ltd. (“Lessor”) and the update on the litigation in relation thereto (“Announcements”). Unless otherwise stated, the terms used throughout this announcement shall have the same meaning as defined in the Announcements. On 15 September 2020, PRA had announced that it was informed on even date that Parkson (Cambodia) Co., Ltd (“PCCO”)'s lawyers had received the final award (“SIAC Award”) from the tribunal hearing the SIAC Arbitration (“Tribunal”) (“PRA Announcement”). The Tribunal had found, inter alia, that the Lease Agreement was lawfully terminated by PCCO, and has ordered the Lessor to pay to PCCO approximately SGD10,641,471, which includes: 1. security deposit of USD2,463,750 (approximately SGD3,363,167); 2. advance rental of USD2,025,000 (approximately SGD2,764,247); 3. costs and expenses incurred by PCCO of USD2,692,253 (approximately SGD3,675,087) which has been wasted as a result of the Lessor’s breach of the Lease Agreement; and 4. costs and expenses of the SIAC Arbitration, and legal fees and various disbursements and expenses incurred in connection with the proceedings of approximately SGD838,970. A copy of the PRA Announcement is attached herewith. Following the receipt of the SIAC Award, PCCO will continue to work closely with its Cambodian lawyers, and PRA will make the relevant announcements as and when there are material developments. The SIAC Award does not have a material impact on the earnings of the PHB Group for the financial year ending 30 June 2021 and the net assets of the PHB Group based on the audited consolidated statement of financial position of the Company as at 30 June 2019.



Please refer attachment below.

Attachments
PRA-Announcement.pdf
43.8 kB
https://www.klsescreener.com/v2/announcements/view/3229837

Super-rich step up big stock sales after global prices surge
https://www.theedgemarkets.com/article/superrich-step-big-stock-sales-after-global-prices-surge

Fintec still not selling Focus is right so far but for how long?

Focus cantik so Q3 QR sure cantik.

100% ROI by Oct? Add more.

Hold tight-tight or add more.

CPO futures climb to highest in eight month on China demand outlook
https://www.thestar.com.my/business/business-news/2020/09/15/cpo-futures-climb-to-highest-in-eight-month-on-china-demand-outlook

i3 something wrong? Why Fintec active in Bursa not i3?

Fintec why 12 sen if QR is news?

Down(<10 sen) no news why up must have news?

MALAYSIA IS ON THE ROAD TO REDUCE POTHOLES… BY ADDING RUBBER TO TO ITS ROADS.
https://cilisos.my/sick-of-potholes-they-may-soon-be-a-thing-of-the-past-thanks-to-a-malaysian-innovation/

CPO RM 2888.

CPO RM 2888.

I own >20 counters if my counters up a lot later still can sapu those cannot wait until RI if no goreng?

Tan Sik Eek can wait RI to sapu a lot how about others?

Ace Market-listed MMAG takes centrestage
https://www.thestar.com.my/business/business-news/2020/09/14/ace-market-listed-mmag-takes-centrestage

CSY why VC no JV Covid19 biz with MMAG?

SOP like Covid19 SOP?

Kerap basuh tangan dengan air dan sabun so must need more CPO?

The Store can privatise why not Parkson?

WC privatise?

RM 81.9m glove venture
https://www.theedgemarkets.com/article/fintec-plans-rights-issue-free-warrants-raise-funds-new-rm819m-glove-venture

Tan Sik Eek who? Vincent Tan son so can sapu RI?