KUALA LUMPUR (Jan 30): Two counters linked to Tan Sri Tan Kay Hock, namely Johan Holdings Bhd and George Kent (M) Bhd, saw their respective share prices hit a one-year high during Tuesday’s trading session.

Johan, which was barely traded with a two-month average volume of 467,500, emerged among the most active stocks on Bursa Malaysia after Tuesday’s noon break. It saw a total of 41.2 million shares change hands, its highest since August 2021.

The counter recorded its one-year high at 8.5 sen during Tuesday’s trading session, before closing at 7.5 sen — still up by 1.5 sen or 25% from its previous closing price of six sen. At 8.5 sen, the group is valued at RM87.6 million.

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Meanwhile, George Kent saw its share price close at 58 sen, up seven sen or 13.5%, on Tuesday. The counter hit 62 sen, its highest over the last one year. Volume shot to 29.1 million shares — a four-year high — during the day.

At 58 sen per share, George Kent is valued at RM323.67 million.



While there are no announcements made by George Kent that could warrant the spike in its share price, it could be fuelled by rumours that its largest shareholder Tan is looking at options that could address the issue of losses at its associate companies.

Tan holds a 45.56% stake in George Kent through Kwok Heng Holdings Ltd, Kin Fai International Ltd, Suncrown Holdings Ltd and Star Wealth Investment Ltd, as well as Johan Equities Sdn Bhd.

In the financial year ended March 31, 2023 (FY2023), George Kent made a paltry net profit of RM739,000, compared with RM31.3 million in the preceding financial year. The plunge in profitability was due to the RM18.43 million losses at its associates during the year that George Kent recognised, compared with just RM2.2 million in FY2022.

In the six-month period ended Sept 30, 2023 (1HFY2024), George Kent's share of the losses at associates almost doubled to RM6.3 million, compared with RM3.97 million in the corresponding period, dragging the group's net profit to RM4.2 million. In the corresponding period, the group reported RM15.5 million net profit.

Note that George Kent holds a 40% stake in Dynacare Sdn Bhd, a rubber glove manufacturing company. The group had been awarded a contract to design and build a glove manufacturing plant in Lumut Port Industrial Park, Perak in October 2021 for a contract price of RM686.5 million.

However, the contract was revised on March 31, 2023 to limit the scope of works for design, construction, completing, testing and commissioning for up to six double formers lines for a total sum of RM187.3 million in accordance with Dynacare’s decision to have six lines under Phase 1.

Johan holds a 60% stake in Dynacare. Tan is also the largest shareholder of Johan with a 60.67% stake.

Besides manufacturing water meters, George Kent is said to still be eyeing a slice of the country’s rail developments. Recall that George Kent was a partner in the Light Railway Transit 3 (LRT3) project between 2015 and 2021.

A slew of rail infrastructure projects are being planned by the government including the Klang Valley Mass Rapid Transit Line 3, the Penang LRT, the proposed Johor Bahru LRT as well as the Kuala Lumpur-Singapore high speed rail.

Edited ByKamarul Azhar
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G KENT now moving up with increased volume. Is there an impending announcement by G KENT/JOHAN on HSR??

Regardless which consortia wins, you still need a piling expert to do the job!

And the next HSR consortia IS... ..........

Will Econbhd be one of the remaining 6 consortia bidding for the HSR?

In 2018, GK made this announcement..
George Kent (M) Bhd and four multinational companies — Siemens AG, Alstom, Ferrovie dello Stato Italiane SpA and PORR AG, have formed a consortium to bid for the Kuala Lumpur (KL)-Singapore high-speed rail (HSR) project.

Surprise announcement on HSR next week?

WCT partners China consortia?

1 day 1 announcement. 6 consortia, 6 more announcements to go, 6 more market bull run days. Starting Monday?
YTL/ WCT/ ECONBHD/GKENT?

FREE BONUS WARRANTS
1 warrant free for every 2 mother shares held. CNY angpow!!💰💰💰

Yesterday's closing was 2 year high. More legs to go with

Typo..rm1B

Yesterday's closing was 2 year high. More legs to go with this HSR news. The next news is the rm10B redevelopment of KL SENTRAL.

Tomorrow LIMIT UP??

" The 10 storey Corus Paradise Resort in PD and the surrounding land that PMH owns hv a book value of RM34.83M , according its 2023 annual report"

Read the rest in pmhldg...

Bull13

Pan Malaysia in the limelight after stockbroking asset sale?....The Edge Weekly page 18,Jan 24
..something is brewing..
"Sources say PMH is currently in talks with several parties, including a private property developer, to sell a block of shares in the company."

Khoo kay peng. Owner

There is no sexy story in pmcorp unfortunately. The real story is in PMHLDG

More sedappwhen it is 30s

Last year, they disposed PM Securities for RM90M. So the company is now clean and cash rich..will KKP now restructure the whole group now its easier? Including the sale of block of shares of 68.32% held by MUI?

Pan Malaysia in the limelight after stockbroking asset sale?....The Edge Weekly page 18,Jan 24
..something is brewing..
"Sources say PMH is currently in talks with several parties, including a private property developer, to sell a block of shares in the company."
"

Its not scared of no jobs, but scared of too many jobs!!

With so much happening in JB, Ekovest with its current profitability, will have its hands FULL in all other new projects

ECONBHD is the dark horse when the list is announced tomorrow..or tonite

Tomorrow is the deadline for submission of RFP for the HSR. WILL Ekovest express its interest in the Bandar Malaysia project the 2nd time??

Maybe play over. May go down back to 7.5s

Those who jual will regret

Thanks Calvin for the reply. Btw PMCorp's 100% owned A&W is the only American fastfood brand listed
in Bursa, so at 20s its dirt cheap.

Last chance to buy!!

This is a HALAL packaged food manufacturer. Made profits last Q. Malaysia focussing and moving forward with HALAL industry! Undervalued Gem!

Hotel play started!!

Next week.. 3rd liner Glove stocks will fly... AT, Johan, Johan -WB.

PMCorp 2024 will be profitable with its chocolate business and A & W
PMHLDG will be profitable with its Corus Paradise Hotel in PD and after disposing PM SECURITIES last year

Last chance to buy Johan. Cheapest glove counter !

Mid valley have 2 A&W , outlets and they are expanding...good news is nobody is boycotting...but instead business improved becoz of new cistomers from other fast foods

Johan also owns Dynacare Gloves. Double profit coming...!!

Another penny stock..JOHAN 5.5s. Lumut Resort hotel. This year is aslo VISIT PERAK YEAR 2024

Hotel play starting soon!!

Please read. The Edge today..Tourism & Hospitality will do very well and profitable in 2024. PMHLDG runs Corus hotel in PD. MUI runs Corus hotel in KL.

Ringgit expected to recover with boost from higher commodity prices and tourism sector — StanChart
By Choy Nyen Yiau / theedgemalaysia.com

Calvintaneng...is PMCORP /A& W a good investment??

Chinese, Singaporeans, Europeans (winter cold now) Americans with big €,$, will contribute to this year's profitability. And cuti cuti Malaysia will also benefit ( Corus Hotels Mui, PMHLDG) and Lumut (Johan)

Will be another great year for tourism.! 2023 surpass target of 26m tourists. Hotels, Resorts, will definitely benefit. Look out for these counters..

CHEAPEST GLOVE STOCK in the market!! JOHAN & JOHAN - WB!! Last chance to grab!!

Time to switch to 2nd liner GLOVE STOCKS!! Soon no more below 10s!!

Dynacare will post positive Q results!

Last call to BUY JOHAN, JOHAN W-WB, on worsening Covid, glove recovery theme.

PM sec sold 90m. Corus Hotel profits up. Malaysia Tourism hit 26m tourists. Limit up!!

BUY JOHAN for
1. Glove recovery theme play
2. VISIT PERAK YEAR 2024 - Lumut Resort

BUY JOHAN for
1. Glove recovery theme play
2. VISIT PERAK YEAR 2024