“For years, Kuchai shareholders had held on to the shares with the view that Great Eastern would be privatised eventually. This was on the account that the shareholders of Great Eastern were already clamouring for the board to take action to enhance shareholder value.

“When OCBC finally made the general offer for Great Eastern, the upside directly benefits Sg Bagan shareholders,” says the shareholder.

@Birdie.
I agree with you!

Hidden gem
The goose that lays golden eggs!

@ PureBULL
Why do u say KSeng is A1 stock?

How many acres of land does KSeng own in iskandar zone?
Where is it located?
What is the land cost?

Cash asset value?
Share asset value?
Hotel asset value?
Property investment value?
Property development value?

What is ,Ur prediction for the next financial years earning?

How strong is the future earning

# Dompeilee
Congrats!
You took profit at 230/235

Cooling period....

Kseng...
Is like a goose that lays golden eggs!
Hold tightly..
More to come!!!

HOLD TIGHT
HOLD TIGHT
More to come!.

20 cents coming...
Hopefully later they give bonus issues!

Looking for PureBULL
PureBULL.....come to KSeng station 💕

Insufficient media to cover this highly undervalue stock

PureBULL says
This is A1 stock...

We need PureBULL to highlight

JB theme play
No worries
Fund will soon know bout its value

Quarterly report coming out soon
This will reflect its value!

Super A1 stock
Angel stock..

Hidden gem!

Moving up non stop....
Chances are..
Deal will go through!

Kluang Rubber will also see its equity in Sungei Bagan rise from 30.72% to 43.12%, following Kuchai Development’s distribution exercise of Sungei Bagan shares.

SBagan up
Kluang up
Kuchai up
All related...

Hot stock ...hot...very hot!

Kuchai and Sg Bagan shared similar business activities in investment holdings and rental of property, with the latter also carry out oil palm plantation activities. They are controlled by a common major shareholder, Kluang Rubber, who owns 42.2% stake in Kuchai and 43.5% in Sg Bagan.
22 Jan 2024

Break resistance!
Strong ...

Break resistance....
Strong..very strong!

KUALA LUMPUR, May 10 — The Johor-Singapore Special Economic Zone (SEZ) could be a formidable competitive advantage in attracting fresh foreign direct investment (FDI) from multinational companies (MNCs).

This can be achieved by integrating Singapore’s global financial, logistics and advanced manufacturing capabilities with Johor’s access to competitive labour, abundant land and cheaper energy resources.

Maybank Investment Bank (Maybank IB) said Singapore enjoys wide and deep connectivity to global capital sources, while also serving as a gateway to the Asian markets, given unrivalled transport and trade links.

“MNCs are currently diversifying their supply chains away from China, and looking for alternative production bases as global competition for investments has intensified with rising impetus for countries to re-shore and friend-shore production.

“Against this backdrop, governments are looking to strengthen their competitive strengths to capitalise on this shift in supply chains and attract more foreign investments,” it said in a note today.

Maybank IB opined that there is scope for Singapore’s South-east Asia Manuf

Who has lots of industrial land?
kSeng....Pasir Gudang!

Congrats @ Contrarian '
Speakup and Dompeilee

https://www.klsescreener.com/v2/news/view/1323039

HOT STOCK

https://www.klsescreener.com/v2/news/view/1323039

I wait for news
Then decide..

@ Contrarian
Vow!
Great happiness!
Huat Huat Huat!!!!

222 x SBagan

222 x RM5.70

Up up...
Up non stop!

Will SBagan privatise?

Will SBagan propose bonus is

Highly undervalue

SINGAPORE: Singapore's second-biggest lender, OCBC, unveiled a S$1.4 billion (US$1.04 billion) offer on Friday (May 10) to buy the remaining stake in insurer Great Eastern Holdings and delist the company.

OCBC, Great Eastern's biggest shareholder, said it would acquire the 11.56 per cent stake in the insurer that it does not currently own. If it goes through, the deal will give the lender full ownership of the firm

The offer price of S$25.60 per share, a premium of 37 per cent, values Great Eastern at S$12.12 billion

SINGAPORE: Singapore's second-biggest lender, OCBC, unveiled a S$1.4 billion (US$1.04 billion) offer on Friday (May 10) to buy the remaining stake in insurer Great Eastern Holdings and delist the company.

OCBC, Great Eastern's biggest shareholder, said it would acquire the 11.56 per cent stake in the insurer that it does not currently own. If it goes through, the deal will give the lender full ownership of the firm.
The offer price of S$25.60 per share, a premium of 37 per cent, values Great Eastern at S$12.12 billion

Who owns Great Eastern?
Other than OCBC...

Kuchai SBagan or Kluang?

SINGAPORE: Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private.

OCBC, Great Eastern's biggest shareholder, offered a 37% premium over Great Eastern's last traded shares price to buy the 11.56% stake in the insurer that it does not currently own, valuing the insurer at S$12.12 billon.

It plans to delist Great Eastern from the Singapore bourse if the deal goes through.

OCBC, which is also Southeast Asia's No. 2 lender, forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year. It had first provided the range in February

Low
1.02 can buy n keep
Later will play up again
Look at HLCap
Later not affected by Dr Yu's YNH

When ex?

Wa
Going to touch RM5.00

Got bonus issues or not later?
Privatise?

Undervalue!
Now only moving up

Can touch 18 ?
Hope directors give
1:5 bonus after ex dividend

Chin Teck Plantations - Bolstered by Lower CPO Production Cost
Date: 2024-04-26
Firm: PUBLIC BANK
Stock: CHINTEK
Price Target: 8.38
Price Call: HOLD
Last Price: 7.67
Upside/Downside:
+0.71 (9.26%)

Stripping out i) foreign exchange gain (RM2.9m) and ii) net fair value gain on investment securities (RM3m), Chin Teck Plantations posted 1HFY24 core earnings of RM36.3m, up 12.7% YoY. The better results were in line with our and the street full-year expectations, making up 46% and 56%, respectively. In view of the stronger-than-expected results, we raise our FY24-26F earnings projection by 7-8% to account for improved OER and lower production cost. Maintain Neutral with a higher TP of RM8.38. No dividend was declared for the quarter.

KUALA LUMPUR (April 25): Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

Net profit leapt by 612.2% to RM20.8 million from RM2.92 million a year earlier. Quarterly revenue increased by 11.1% year-on-year (y-o-y) to RM51.26 million from RM46.14 million, thanks to increased sales volume of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernels (PK).

Later fly non stop....like cresendo!...
N all the funds will rush in to buy!!!

https://www.klsescreener.com/v2/news/view/1309889

Plenty of hope!
Wait patiently!

JB land assets is very valuable
Hidden gem!
JB will be the new Shenzhen!

Will directors privatise Sg Bagan since most of the assets are parked here?” market observers are asking!

@Contrarian
Wah n wah!

Good luck!

More may be in store for SBagan shareholders after this!

"WE" hold till bonus issues are out!

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING: (I) PROPOSED DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("PROPOSED DISPOSAL"); AND (II) PROPOSED DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE

Tmoro
Another new high!

@dompeilee
Congrats!
Touch RM4.95

Strong...
Very strong!...

Sbagan looks good
Moving up steadily!
Valued at RM10.01

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION")

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION")

End of month announced dividend
Normally 20 cents
Hopefully this round give 50 cents like Harison!

Value....typo error

Hidden gem
Strong NTA
High dividend!

Stay patiently here for third generation to unlock its balu!

Vow!
Touch 7.20

Two blocks of 17.8% each in Pacific Carnival are held by companies belonging to Boon Siew’s daughters — Loh Gim Ean and Loh Phoy Yen, who is married to Datuk Seri Lim Su Tong. Gim Ean’s son, Datuk Seri Tan Hui Jing, and Lim are executive directors in Oriental Holdings.

Shirley Kathreyn Yap, who is Wei-Lyn’s mother and Kah Kheng’s widow, holds a 0.81% stake in Pacific Carnival.

The shareholding restructuring effectively shows that Boon Siew’s daughters, Loh Cheng Yean and Loh Ean, each hold an equity stake of 6.8% in Oriental Holdings. Their families are based in Singapore and Kuala Lumpur respectively.

After Boon Siew passed away in 1995, Cheng Yean, together with her brothers-in-law — Datuk Robert Wong and Lim — took over the driver’s seat at Oriental Holdings.

In 2015, Oriental Holdings executive chairman Datuk Loh Kian Chong, 47, who is Kar Bee’s son, took over as executive chairman of Oriental Holdings and led the third generation of the Loh family into managing the business. Kian Chong’s cousins, Tan Kheng Hwee, 58, and Tan Hui Jing, 43, have been executive directors since January 2015.

Kheng Hwee is the daughter of Cheng Yean; and Hui Jing is the son of Gim Ean.

The third generation was guided by Robert Wong Lum Kong, 83, and Lim, 79, who are group managing directors of Oriental Holdings

They have been running the show in the past, since Tan Sri Loh passed away. So, it is just a transition to the third generation. Notably, the heirs of Tan Sri’s two sons have inherited the bulk of the shareholding,” she says.

When Boon Siew Sdn Bhd was collectively managed by the various family members, it was unclear exactly who held major ownership of Oriental Holdings. The group held a 49.2% equity stake in it, and smaller stakes were held by several private entities.

The private entities through which the Loh family held their stake in Oriental Holdings included the Penang Yellow Bus Sdn Bhd, Bayview Hotel Sdn Bhd, Boontong Estates Sdn Bhd and Boon Siew Development Sdn Bhd.

Following the internal restructuring, Pacific Carnival emerged with a 36.74% shareholding in Oriental Holdings. The other companies ceased to be substantial shareholders.

Based on Bursa filings, the bulk of the shares in Pacific Carnival have been apportioned to the family of Loh Kar Bee (32.17%) and that of his late elder brother Kah Kheng (31.43%). Both are sons of Boon Siew, who made his fortunes from the distribution and assembling of cars and motorcycles under the Honda marque, and from the manufacturing of parts and components for the assembly plant.

The 31.43% bloc of Kah Kheng’s family is held by his daughter Loh Wei-Lyn, whose role in the family business is unclear. Kah Kheng was managing director of Oriental Holdings at the time of his demise in 1987.

This article first appeared in The Edge Malaysia Weekly on April 1, 2024 - April 7, 2024

AN internal restructuring of the low-profile Oriental Holdings Bhd has paved the way for a clear structure on the ownership of the group that was founded by the late Tan Sri Loh Boon Siew.

Based on a slew of Bursa Malaysia announcements since late February, it appears that the Penang-based members of the Loh family have joined hands to put their shareholding under a new holding company called Pacific Carnival Sdn Bhd.

The new holding company replaces Boon Siew Sdn Bhd as the single-largest shareholder in Oriental Holdings.

The shares of the Loh family members who are based in Singapore and Kuala Lumpur, namely Datuk Loh Cheng Yean and Datin Loh Ean, are carved out and held separately under their respective names.

An analyst who is familiar with the group tells The Edge that the planned internal restructuring in its flagship company Oriental Holdings will see the Penang-based family members of the Loh family continuing to helm the group.