Got take over offer ka?

Major HoldersCurrency in MYR
Breakdown
63.87% % of Shares Held by All Insider

KUALA LUMPUR: Shares in Hwa Tai Industries Bhd attracted investors' interest in early trade Thursday although the company has not made any major corporate announcements.

The biscuit manufacturer saw its share price surge 48.96%, or 23.5 sen to 71.5sen at 10.13 am. Year-to-date, it has risen over 30%.

The company announced on Oct 31 that its group chief executive director Datuk Soo Chung Yee acquired 3,000 shares in Hwa Tai in the open market at an average of 42.5 sen per share. He has a 2.115% stake in Hwa Tai.

Soo also acquired 60,000 shares from the open market on Oct 26 and another 16,000 shares on Oct 27.

In September, Hwa Tai announced that the company had embarked on a solar project with the installation of solar panels onto the roof of its main factory in Batu Pahat, Johor.

It said the solar project cost RM1.35mil which is financed by internally generated funds and an existing available hire-purchase facility.

In the first six months ended June 30, Hwa Tai posted a net loss of RM4.12mil, or loss per share of 5.51 sen on revenue of RM34.14mil.

<%-- for fixing scrollbar--%>
Save Print Back

8478 HWATAI HWA TAI INDUSTRIES BHD
Quarterly rpt on consolidated results for the financial period ended 30/09/2023
Quarter: 3rd Quarter
Financial Year End: 31/12/2023
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
30/09/2023 30/09/2022 30/09/2023 30/09/2022
RM '000 RM '000 RM '000 RM '000
1 Revenue 20,880 18,113 55,018 53,299
2 Profit/Loss Before Tax (1,958) (1,542) (6,079) (4,203)
3 Profit/(loss) attributable to ordinary equity holders of the parent (1,957) (1,552) (6,078) (4,212)
4 Net Profit/Loss For The Period (1,958) (1,542) (6,079) (4,203)
5 Basic Earnings/Loss Per Shares (sen) (2.62) (2.07) (8.12) (5.63)
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.3700 0.2115
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

29/11/2023 07:00 AM


Ref Code: 202311293100156

Keep some. Bos dah mati. Mungkin anaknya mau jualkan hwatai macam apollo, oldtown, dll

New agung factor, 40-50sen by dec 2024. All the best

Short term target p/b value ~0.5 at least, 37sen or higher

My short term target, back to 70sen (IPO price) or higher

Share buyback mainly above 1.85, any price below this level, worth accumulating .

Accumulate in stages, potential target for acquisition by equity fund, and so forth

Satu pengajaran

Lambo Group’s external auditor expresses disclaimer of opinion | https://www.klsescreener.com/v2/news/view/1104271

Geng tangan ghaib. Ramai mati

Lambo Group’s external auditor expresses disclaimer of opinion | https://www.klsescreener.com/v2/news/view/1104271

Accumulate in stages

Next, kawan. :)

KUALA LUMPUR (Dec 18): Keynote Capital Sdn Bhd, controlling shareholder of Apollo Food Holdings Bhd, is confirmed to be exiting the group after Scoop Capital Sdn Bhd, the franchisee of Baskin-Robbins, proposed to acquire Keynote's entire 51.31% stake in the confectionery maker for RM238.08 million in cash.

Scoop Capital is purchasing the 41.05 million Apollo shares from Keynote — the investment vehicle of Singaporeans Liang Chiang Heng and his younger brother Liang Kim Poh — at RM5.80 per share, a 7.4% premium to the last closing price of RM5.40.

According to a filing to Bursa on Monday, while Scoop Capital is obliged to extend an unconditional mandatory takeover offer to acquire all the remaining 48.49% stake in the group at RM5.80 per share, it intends to maintain the listing status of Apollo on the Main Market of Bursa Malaysia.

“Accordingly, in the event that Apollo does not comply with the public spread requirement (at least 25% of shares held by public shareholders) as a result of the offer, the offeror (Scoop Capital) will, together with Apollo, explore other options of proposals within three months from the closing date or such extended timeframe as allowed by the relevant authorities, to enable compliance by Apollo with the public spread requirement,” the filing read.

“As at the date of this notice, no arrangements on the above have been made,” it added.


Apollo makes compound chocolates, chocolate confectionery products and layer cakes under its own “Apollo” brand for both the local and overseas markets.

Based on a trailing earnings per share (EPS) of 44.02 sen, Scoop Capital’s RM5.80 per share consideration for Apollo’s shares values the company at a price-to-earnings ratio (PER) of 13.18 times.

Kawan Food Bhd, which makes frozen food — ranging from paratha, spring roll, pastry, chapati, finger food, bakery and desserts — under the “Kawan”, “KG Pastry”, “Veat” and “Aman” brands, is trading at a PER of 22.34 times — based on Monday’s close of RM1.85 and a trailing EPS of 8.28 sen.

Meanwhile, Hup Seng Industries Bhd, which makes biscuits under the “Cap Ping Pong” and “Hup Seng Cream Crackers”, is trading at a PER of 14.32 times — based on a closing price of 78.5 sen and a trailing EPS of 5.48 sen.

Apollo said a share sale agreement has been entered between Scoop Capital and Keynote for the deal, with the share transfer to take effect via a direct transaction on Dec 19.

The announcement confirms a report in The Edge last Friday (Dec 15) that Chiang Heng and Kim Poh wanted to dispose of their 51.31% stake in Apollo under Keynote.

Scoop Capital — 90%-owned by Datuk Cheah See Yeong, while the remaining 10% is held by his spouse Datin Soon Gock Lan @ Soon Geok Lin — owns a 100% stake in Golden Scoop Sdn Bhd, which is the master franchisee for ice cream brand Baskin-Robbins in Malaysia and Singapore.

At Apollo's request, the counter, which climbed 49.2% year to date, was suspended from trading on Monday pending the release of the acquisition news. It will resume trading on Tuesday at 9am.

Keynote's Chiang Heng, 73, currently serves as Apollo’s executive chairman, while Kim Poh, 62, is the group's managing director. It was reported that with the pair of brothers advancing in age, coupled with the lack of a clear succession plan, rumours were abound of their interest in exiting the group.

Chiang Heng has been with Apollo since 1979 and was appointed as MD in 1996, followed by ascending to his current role in 1998. Kim Poh joined the group’s board in 1998, before assuming his MD role in 2017.

Apollo, a strong household brand in Malaysia, has been listed on the local bourse since 2000. The group has been consistently profitable and a regular dividend payer over the past two decades.

Most recently, the group’s net profit rose 5.15% to RM9.95 million for the second quarter ended Oct 31, 2023 (2QFY2024) from RM9.46 million a year earlier, underpinned by a higher gross profit margin.

Quarterly revenue was down 6.13% to RM65.99 million from RM70.3 million previously, mainly on the back of lower export sales.

For the six-month period ended October 2023 (1HFY2024), its net profit increased 25.37% to RM17.59 million from RM14.03 million previously. Half-year topline declined a marginal 1.15% to RM124.32 million from RM125.76 million previously.

Read also:
Apollo Food, likely a takeover target, to be suspended on Monday

Agung baru 2024-2029, pemegang syer kedua terbesar dalam bjasset

Golden era for bjasset

Mantap 64sen... 1 juta syer+++ trsnsacted

30sen.just the start. Sultan johor agung baru 2024... Buy3

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Reasons why KAWAN might be a good investment:

Strong financial performance: KAWAN has shown consistent revenue and earnings growth in recent years, with an EPS growth rate of 29% over the past 3 years.
Dividend payout: KAWAN has a track record of paying out dividends to shareholders, offering a potential income stream.
Growth potential: The frozen food market is expected to continue growing in the coming years, which could benefit KAWAN.

no wonder share buyback is performed periodically...

I3investor: Price target analysis on I3investor suggests a potential range of RM2.34 to RM2.77 for KAWAN's share price in 2024.

biarkan ikan bilis jual dibawah harga IPO, geng sendiri sapu lagi banyak, terbijak :)

share buyback dan board members sapu syer... sudden surge anytime :)

Monday, 4 Dec 2023
5:14PM
DXN LSJ GLOBAL SDN. BHD. (345,000 units Acquired)
5:14PM
DXN LEONG BEE LING (345,000 units Acquired)
5:13PM
DXN DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:13PM
DXN LIM SIOW JIN (345,000 units Acquired)
5:13PM
DXN LIM SIOW JIN (345,000 units Acquired)
Friday, 1 Dec 2023
5:40PM
DXN DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:40PM
DXN LEONG BEE LING (351,700 units Acquired)
5:40PM
DXN LSJ GLOBAL SDN. BHD. (351,700 units Acquired)
5:40PM
DXN LIM SIOW JIN (351,700 units Acquired)
5:40PM
DXN LIM SIOW JIN (351,700 units Acquired)
Thursday, 30 Nov 2023
5:47PM
DXN DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
5:47PM
DXN LIM SIOW JIN (98,000 units Acquired)
5:47PM
DXN LEONG BEE LING (98,000 units Acquired)
5:47PM
DXN LSJ GLOBAL SDN. BHD. (98,000 units Acquired)
5:47PM
DXN LIM SIOW JIN (98,000 units Acquired)
Wednesday, 29 Nov 2023
6:15PM
DXN DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
6:15PM
DXN LIM SIOW JIN (292,300 units Acquired)
6:14PM
DXN LSJ GLOBAL SDN. BHD. (292,300 units Acquired)
6:14PM
DXN LEONG BEE LING (292,300 units Acquired)
6:14PM
DXN LIM SIOW JIN (292,300 units Acquired)
Monday, 27 Nov 2023
6:28PM
DXN DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
6:28PM
DXN LSJ GLOBAL SDN. BHD. (224,600 units Acquired)
6:28PM
DXN LIM SIOW JIN (224,600 units Acquired)
6:27PM
DXN LIM SIOW JIN (224,600 units Acquired)
6:27PM
DXN LEONG BEE LING (224,600 units Acquired)
Tuesday, 7 Nov 2023
5:54PM
DXN 1,457,200 shares purchased into treasury

From To Type No. of Shares Min Price Max Price
02-Nov-2023 02-Nov-2023 Buyback 30,000 0.665 0.675
01-Nov-2023 01-Nov-2023 Buyback 200,000 0.660 0.665
31-Oct-2023 31-Oct-2023 Buyback 189,000 0.655 0.675
30-Oct-2023 30-Oct-2023 Buyback 670,200 0.660 0.680
27-Oct-2023 27-Oct-2023 Buyback 190,000 0.670 0.685
26-Oct-2023 26-Oct-2023 Buyback 178,000 0.660 0.675
26-Oct-2023 02-Nov-2023 Buyback 1,457,200 0.655 0.685

dividend stock

25-Oct-2023 15-Nov-2023 DIVIDEND Second Interim Dividend RM 0.0090
28-Jul-2023 11-Aug-2023 DIVIDEND First Interim Dividend RM 0.0080

Name Details of Changes
Date Type No. of Shares Price
DATUK LIM SIOW JIN 30-Nov-2023 Acquired 345,000 0.651
DATUK LIM SIOW JIN 29-Nov-2023 Acquired 219,600 0.660
DATUK LIM SIOW JIN 28-Nov-2023 Acquired 132,100 0.666
DATUK LIM SIOW JIN 27-Nov-2023 Acquired 98,000 0.663
DATUK LIM SIOW JIN 24-Nov-2023 Acquired 292,300 0.668
DATUK LIM SIOW JIN 23-Nov-2023 Acquired 91,000 0.672
DATUK LIM SIOW JIN 22-Nov-2023 Acquired 133,600 0.659
DATUK LIM SIOW JIN 22-Sep-2023 Acquired 769,100 0.689
DATUK LIM SIOW JIN 21-Sep-2023 Acquired 169,700 0.690
DATUK LIM SIOW JIN 18-Sep-2023 Acquired 115,000 0.699
DATUK LIM SIOW JIN 15-Sep-2023 Acquired 190,600 0.700
DATUK LIM SIOW JIN 14-Sep-2023 Acquired 90,000 0.704
DATUK LIM SIOW JIN 13-Sep-2023 Acquired 684,600 0.699
DATUK LIM SIOW JIN 12-Sep-2023 Acquired 1,863,900 0.694
DATUK LIM SIOW JIN 11-Sep-2023 Acquired 60,000 0.685
MISS ONG HUEY MIN 07-Sep-2023 Acquired 20,000 0.705
MISS ONG HUEY MIN 06-Sep-2023 Acquired 25,000 0.700
MISS ONG HUEY MIN 05-Sep-2023 Acquired 25,000 0.695
MISS ONG HUEY MIN 30-May-2023 Acquired 20,000 0.650
MISS ONG HUEY MIN 29-May-2023 Acquired 10,000 0.655
MISS ONG HUEY MIN 26-May-2023 Acquired 20,000 0.645
MR TEOH HANG CHING 18-May-2023 Others 830,000 0.700
MR TEOH HANG CHING 18-May-2023 Others 39,000 0.700
MR TEOH HANG CHING 18-May-2023 Others 36,000 0.700
DATUK NORIPAH BINTI KAMSO 18-May-2023 Others 200,000 0.700

Performance has been driven by a number of factors, including:

Strong financial results: DXN has reported solid earnings growth in recent quarters, thanks to rising demand for its health and wellness products.
Expansion into new markets: DXN is actively expanding into new markets, such as Peru, which has boosted its growth prospects.
Positive analyst sentiment: Most analysts covering DXN have a buy rating on the stock and believe that it has further upside potential.

Source: maybank investment

Visiting DXN China
We came away from our recent visit to DXN’s Ningxia, China manufacturing facility feeling positive. This is premised on the group’s clear strategies in pursuing new markets in China for longer-term growth, strong product innovation for export markets and use of automation in its production lines to minimise cross contamination and its reliance on labour. Our earnings estimates, BUY call and TP of MYR0.90 (on 11x FY24E PER) are unchanged.

2024, ramai dijangka masak kat rumah... frozen foods senang dimasak, jualan dijangka naik lagi

KWNF Historical Data
Time Frame
Monthly
Download Data
01/01/2021 - 12/26/2023
Date Price Open High Low Vol. Change %
12/01/2023 1.840 1.880 1.880 1.810 131.40K -2.13%
11/01/2023 1.880 1.860 1.920 1.840 6.37M +0.53%
10/01/2023 1.870 1.800 1.900 1.770 9.25M +3.89%
09/01/2023 1.800 1.750 1.840 1.740 3.26M +2.27%
08/01/2023 1.760 1.860 1.910 1.680 5.78M -4.86%
07/01/2023 1.850 1.910 1.980 1.810 926.00K -2.63%
06/01/2023 1.900 1.980 1.990 1.810 1.58M -5.00%
05/01/2023 2.000 2.100 2.220 1.950 2.61M -3.85%
04/01/2023 2.080 2.130 2.180 2.080 606.90K -1.89%
03/01/2023 2.120 2.190 2.220 2.080 2.96M -2.75%
02/01/2023 2.180 2.200 2.280 2.120 2.23M -1.80%
01/01/2023 2.220 2.220 2.400 2.160 2.98M 0.00%
12/01/2022 2.220 2.210 2.240 2.050 4.61M +1.37%
11/01/2022 2.190 2.180 2.310 2.090 4.82M -0.45%
10/01/2022 2.200 2.150 2.410 2.100 9.86M +2.33%
09/01/2022 2.150 2.170 2.300 2.070 8.52M -0.92%
08/01/2022 2.170 1.900 2.190 1.790 9.02M +14.81%
07/01/2022 1.890 1.660 1.930 1.640 3.97M +13.17%
06/01/2022 1.670 1.690 1.820 1.640 3.00M -1.18%
05/01/2022 1.690 1.790 1.830 1.650 4.15M -5.06%
04/01/2022 1.780 1.630 1.800 1.600 4.20M +8.54%
03/01/2022 1.640 1.650 1.670 1.470 6.10M 0.00%
02/01/2022 1.640 1.470 1.700 1.450 5.27M +12.33%
01/01/2022 1.460 1.680 1.680 1.450 2.25M -10.98%
12/01/2021 1.640 1.600 1.690 1.550 1.19M +2.50%
11/01/2021 1.600 1.770 1.790 1.580 2.75M -9.60%
10/01/2021 1.770 1.810 1.850 1.740 3.07M -4.32%
09/01/2021 1.850 1.810 1.900 1.780 6.01M +2.78%
08/01/2021 1.800 1.880 1.950 1.760 4.11M -4.26%
07/01/2021 1.880 1.970 2.000 1.850 2.54M -4.08%
06/01/2021 1.960 2.070 2.160 1.940 5.10M -4.85%
05/01/2021 2.060 2.050 2.190 1.860 7.41M +0.98%
04/01/2021 2.040 1.850 2.060 1.800 9.04M +9.68%
03/01/2021 1.860 2.120 2.120 1.830 6.98M -12.26%
02/01/2021 2.120 1.940 2.150 1.740 18.65M +9.84%
01/01/2021 1.930 2.140 2.180 1.890 9.39M -7.21%

Date Price Open High Low Vol. Change %
12/01/2023 0.64 0.65 0.67 0.63 2.04M -1.54%
11/01/2023 0.65 0.67 0.69 0.64 35.17M -2.26%
10/01/2023 0.67 0.68 0.69 0.61 89.56M -2.21%
09/01/2023 0.68 0.70 0.70 0.67 29.49M -2.16%
08/01/2023 0.69 0.75 0.75 0.68 86.04M -6.71%
07/01/2023 0.75 0.74 0.77 0.70 169.43M +2.05%
06/01/2023 0.73 0.65 0.75 0.64 157.55M +10.61%
Highest
0.77
Change %
-3.03
Average
0.69
Difference
0.16
Lowest
0.61

Initiate Coverage on DXN With An Add Call and TP of RM0.85
We initiate coverage on DXN Holdings Berhad (DXN) with an Add call and a GGM-based TP of RM0.85 (FY26F ROE of 27%, COE of 12% and 4% long-term growth). We like DXN for its i) globally diversified operating markets, with a solid 4.6m direct-selling active member base, ii) integrated supply chain with superior scale economies and margins, as well as iii) extensive product portfolio, driving our strong 3-year EPS CAGR of 15% (FY23- 26F). At our TP, DXN trades at an undemanding 11.1x CY24F P/E, a 20% discount to its peers, which we think is justified given its higher frontier markets exposure that generally carry a higher country risk premium, while offering attractive dividend yields of 5-6%.

Superior Profit Margins Driven by Its Vertically Integrated Structure
In our view, DXN’s competitive edge is its highly vertically integrated business model, allowing it to conduct key operations in-house vs. its peers (Fig 25). Thus, DXN was able to manufacture 327 own brand products (72% of total stock-keeping units) in-house that accounted for 90% of its direct-selling products sold as at FY23 (vs. peers’ c.23-70%). Hence, DXN was able to achieve superior gross margins of 82.9-85.7% in FY19-23 (vs. peers’ average of 20-74%, Figs 36 and 37) as it benefitted from operational synergies.

Backed by Its Robust Global Network and Scalable Incentive Model
DXN also has a vast network of 4.6m active members in over 180 countries as at Aug 23, with its member base growing at a CAGR of 14% over FY19-23, far outpacing its peers. We believe this illustrates the scalability of DXN’s direct-selling model. This is powered by its one-of-a-kind “One World One Market” incentive scheme (no upfront or annual fees, product sales-driven model across all markets) and digital infrastructure that integrates its physical, online and back-end global operations (sales ordering, tracking and commission pay-out, Fig 35). We view this as a differentiating factor for DXN, as it is able to operate on a global scale with low capex and low marketing costs (2-4% of its annual revenue budget).

Growth Strategies Driving Its Strong 3-year EPS CAGR of 15%
We project DXN posting a 13% revenue and 15% EPS CAGR over FY23-26F, driven by: i) our active member CAGR forecast of 4.2% and revenue per active member CAGR of 8.1%, ii) its high-growth markets expansion, iii) new high-margin product launches, and iv) price hike exercises, resulting in a recovery in EBITDA margins in FY24-26F (31.3-31.7%), from FY23 (31.0%). Key re-rating catalysts are higher membership growth and margin expansion on lower input costs. Key downside risks are adverse regulatory changes affecting product sales and profit repatriation, and weaker consumer sentiment.

Source: CGS-CIMB Research - 10 Nov 2023

DXN is trading at attractive valuation despite the robust earnings growth and sector-leading profit margins on offer.

DXN Holdings Bhd - Key Takeaways From China Investor Tour

sectoranalyst
Publish date: Wed, 06 Dec 2023, 11:41 AM
We remain positive on DXN post our visit to its facilities in China, which comprise its large-scale raw material cultivation and manufacturing sites.
DXN’s China operations are gearing up to enter China’s growing FMCG markets, while laying the groundwork for a local direct-selling licence.
Retain Add with a TP of RM0.85 (undemanding 11.1x CY24F P/E) with attractive div. yields of 6% and strong 3-year EPS CAGR of 15% (FY23-26F).
A Strategic Location That Would Help Drive the Next Leg of Growth
In Nov 23, we participated in an investor tour to DXN Holdings Bhd’s (DXN) manufacturing (Fig 1) and cultivation facilities (Fig 2) in Ningxia, China (DXN Ningxia). The event provided us with an on-the-ground perspective on DXN’s operational backbone, which is critical to its global direct-selling business. As a key raw material (i.e. Spirulina and Mycelium) production base and an export hub, DXN Ningxia houses its largest Spirulina farm (60% capacity for export) and its manufactured own products (Fig 3) are already exported to up to 20 operating countries (with 30 more in the pipeline), according to management. In addition to generous subsidies and incentives from the local government, DXN Ningxia has access to cheap raw materials and a favourable climate for its Spirulina farming yields. Its customised equipment for mass production of Mycelium liquid spawn (key to its cultivation) and biotechnology innovations to advance its Mycelium variant could help to boost yields and operational efficiency, in our view. While the facility is not operating at full capacity, we believe this represents a strategic readiness for future growth phases and would drive margin expansion once it scales up (FY24-26F GP margin: 83%).

Future Growth Plans to Further Penetrate Into China Market
Management said DXN established its presence in China in 2015 with an aim to secure a local direct-selling licence, which has stringent requirements, including at least 3 years of track record of domestic trading business (DXN China is currently in its third year). It expects to file the licence application in the next 2-3 years. According to TMO Group (a global ecommerce agency), the size of China’s direct sales market is expected to exceed c.RM200bn in 2023F. Meanwhile, with the completion of its liquid beverage factory in Jul 2023, DXN Ningxia has started to produce its high-margin ready-to-drink health product series (Figs 8-11) to venture into China’s fast-moving consumer goods market in 2024F (launching in Hangzhou, Chengdu and Xinyang cities) as a means to build initial brand awareness and subsequently export to its other operating countries, management said.

Reiterate Add With An Unchanged GGM-based TP of RM0.85
We retain our Add call on DXN, with a TP of RM0.85 (FY26F ROE of 27%, COE of 12% and 4% long-term growth). We believe DXN’s current valuation is undemanding at 8.5x CY24F P/E (38% discount to its overall peers’ 10-year average mean; Fig 4) given its superior scale economies and margins driving a strong 3-year EPS CAGR of 15% (FY23- 26F; Fig 5), while offering attractive dividend yields of 5-6%. Re-rating catalysts are higher membership growth and margin expansion. Key downside risks are adverse regulatory changes affecting sales and profit repatriation, and weaker consumer sentiment.

Source: CGS-CIMB Research - 6 Dec 2023

free float tak banyak... bila terbang, sangatlah laju :)

Direct Deals

Summary from 19/05/2023 to 07/08/2023
Highest Price 0.7350 First Occurred on 19/05/2023
Lowest Price 0.7000 First Occurred on 23/06/2023
Highest Volume 1.500m First Occurred on 19/05/2023

labur sebelum terlambat... terbaik


Date Open Price Target Price Upside/Downside Price Call Firm View
2023-12-06 0.65 0.85 +0.20 (30.77%)
BUY
CIMB
2023-11-10 0.67 0.93 +0.26 (38.81%)
BUY
RHB-OSK
2023-11-10 0.67 0.85 +0.18 (26.87%)
BUY
CIMB
2023-09-21 0.685 0.93 +0.245 (35.77%)
BUY
RHB-OSK
2023-07-31 0.75 0.93 +0.18 (24.00%)
BUY
RHB-OSK
2023-07-26 0.72 0.90 +0.18 (25.00%)
BUY
MAYBANK
2023-07-21 0.71 0.93 +0.22 (30.99%)
BUY
RHB-OSK
2023-07-17 0.72 0.93 +0.21 (29.17%)
BUY
RHB-OSK
2023-05-19 0.69 1.06 +0.37 (53.62%)
BUY
Rakuten

Wednesday, 25 Oct 2023
6:16PM
DXN Second Interim Dividend
6:14PM
DXN MEMORANDUM OF UNDERSTANDING
6:14PM
DXN 1H net profit 160.624 million (increased 0.22%)

yg ini harga sasaran lagi tinggi 94sen terindah

https://klse.i3investor.com/web/stock/analysis-price-target/5318

target price 89sen.... cantik

https://www.tradingview.com/symbols/MYX-DXN/forecast/

He said besides tackling the physical accessibility between the crossing points, collaboration between the two governments on infrastructure and policy that will benefit both countries is equally important. These include the Johor Bahru-Singapore Rapid Transit System, the Iskandar Malaysia Bus Rapid Transit and the revival of the Kuala Lumpur-Singapore high speed rail.

“More than infrastructural solutions, strong collaboration between the two governments is even more pertinent. There must be political will on both sides to make [the bridge] closer. Policies such as the Special Economic Zone (SEZ) will help too. When the details of the SEZ are announced in a month or two, it will harmonise this and bring both columns together,” Tay said.

The SEZ aims to improve the flow of goods and people between both sides of the Causeway and enhance the ecosystem of the Iskandar development region and Singapore

Bridging Johor-Singapore gap
In his presentation titled “Singapore real estate market trend updates: Real estate demand spillover effect towards Johor real estate demand”, Knight Frank Singapore head of research Leonard Tay spoke about the performance of the Singapore residential market and its spillover effect on Johor. He highlighted that the cooling measures in Singapore, which have made its properties more expensive for foreign buyers, have presented an opportunity for Johor.

“We have seen renewed interest among buyers and brokers [for property in Johor]. However, this is only anecdotal, not translating into historical transactions yet. Singapore and Johor have a special relationship that can benefit each other. The one thing that prevents Johor and Singapore from unlocking their potential, however, is the traffic congestion at the Causeway,” Tay pointed out.

Semoga they let go their stake to other reputable players. Cfo resigned, CEO cum ED pun tired kan?

Something is boiling.

Yayasan Atm pasukhaskhas projek era sabri sebagai pm pun takda berita..

Hahaha

KUALA LUMPUR (Dec 26): Foreign fund inflow into domestic equities on Bursa Malaysia extended for a second week with a net total of RM112.3 million last week, a slight drop from RM143.4 million the prior week.

In its weekly fund flow on Tuesday (Dec 26), MIDF Research said during the week, every trading day except last Monday (Dec 18) witnessed net foreign inflow.

It said foreigners were net sellers last Monday at RM26.5 million.

“The stocks experiencing the most outflows on this day were Public Bank Bhd (RM37.2 million), RHB Bank Bhd (RM27.4 million), and Gamuda Bhd (RM14.0 million).

“For the week, the top three sectors with the highest net foreign inflows were financial services (RM202.0 million), technology (RM23.3 million), and property (RM18.3 million), while the top three sectors with the highest net foreign outflows were healthcare (RM69.4 million), consumer products and services (RM40.7 million) and utilities (RM28.2 million),” it said.

The research house said that after two consecutive weeks of net buying, local institutions switched to being net sellers at RM106.7 million.

“The sector that recorded the highest net outflows by this investor group was financial services (RM384.3 million).

“Local retailers continued to be net sellers of domestic equities for two consecutive weeks, totalling RM5.6 million,” it said.

MIDF said this amount was significantly more moderate compared to the previous week’s outflow of RM225.5 million.

“In terms of participation, there were marginal increases in average daily trading volume (ADTV) among local retailers (0.9%), and local institutions (0.4%), but a decline among foreign investors (29.0%),” it said.

Commenting on the international markets, MIDF said out of the 20 major indices it monitors, 13 recorded weekly gains.

“The top performers were the FTSE 100 (1.60%), South Korea’s KOSPI (1.40%) and the Nasdaq Composite Index (1.21%).

“The top decliners were Hong Kong’s Hang Seng Index (2.69%), the FBM KLCI (0.55%), and India’s Sensex (0.53%),” it said.

Bonus syer bagi bjassets lagi

BJassets
Announced EX Date Subject Ratio Offer
2024????????????????????????????????????????????
22 May 2018 04 Jun 2018 Bonus Issue (warrant) 1 : 2 View
02 Nov 2017 21 Nov 2017 Subdivision 1 : 2 View
12 Feb 2008 22 Feb 2008 Rights Issue (warrant) 1 : 4 1.0000 View
29 Aug 2002 16 Sep 2002 Bonus Issue 3 : 1 View

Bjfood
Announced EX Date Subject Ratio Offer
15 Nov 2023 13 Dec 2023 Share Dividend 1.0000 : 100.0000 View
19 Aug 2022 02 Sep 2022 Bonus Issue 4.0000 : 1.0000 View
02 Jul 2012 12 Jul 2012 Rights Issue (warrant) 4 : 5 View

awal2, VT dah bertindak kan? hahaha

26 Jan 2023 25 Jan 2023 Others 10,530,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 3,900,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 19,950,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 10,600,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 51,500,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 110,585,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 1,063,086 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 25,000,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 27,073,054 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 7,000,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 21,872,502 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 27,264,836 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 9,300,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 29,350,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 54,900,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 11,750,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
26 Jan 2023 25 Jan 2023 Others 3,500,000 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

dah 2 kali syer consol.... salah labur wang lebur hahaha

Announced EX Date Subject Ratio Offer
03 Apr 2023 17 Apr 2023 Share Consolidation 1.0000 : 10.0000 View
04 Jun 2021 18 Jun 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 View
25 May 2021 09 Jun 2021 Share Consolidation 1.0000 : 10.0000 View
27 Mar 2017 06 Apr 2017 Rights Issue 1 : 1 0.1000 View