Dow is down

If down to rm0.50 is the best to enter

The Group will continue to agressively seek for further sizeable contracts whenever the opportunity arises to enhance
our order book and hopes to expand its ICT business following the joint venture arrangement with HFR, Inc. in the
second quarter of last year

KUB fail to hold

i think better buy cash rich company.

after dividend down again..

I think maybe stabilise. Anyway invest at your own risk. If you long term than any price at current is good. If is short term than need to wait for breakout from current price or higher...

Dow Jones down again. Weak again. Down to rm0.62
.

See at rm0.50

Down

Can sustain or not. That is the key. If can sustain than rm0.75 is on the way...

see you down..

See at rm0.60

So nothing already sell before too late.

See at rm0.60

See can break 0.78 this few day. If can than new high. If not than 0.66

Wait for drop before enter. The best is below rm6.50

Let it down to 0.60

closing shall be at RM0.695

Our Vincent tan also with KUB...

wait for rm4.60

More down better

yeap wait for 0.60 / rm0.50 below is the best

umno dispose the share. normaly lah need money..

All tax on higher cpo price

Monday red again.

Let it down.

will come down one...

Wait for it to go down

Wait to break 0.70

0.72

let it down.

DIRECTOR MAY DO TRANSACTION...

correct more is better. if can drop to 0.43

Wait for down.....

kub with the new management disposed the oil palm land to pare down the debt and thus reduce the bank borrowing which will save on the interest payment. There will concentrate on the LPG, ICT business and still have oil palm land in Sarawak. In my view the land is in peak area and not really economical to manage it. Better dispose off.

With ikhlas capital on the helm sure the road to recovery is there

0.755

Now the question is can the group get further lucrative contract from TM for 5G

For pelikan if buy below rm0.40 is the safest. Now is after the sepcial dividend may go down again

Anyway is the share price could not sustain at the level than will go all the way back to RM0.61 level. Anyway is for long holding. Just like the CI holding

I think the new owner have the right strategy by disposing the uneconomical asset to run which lead to interest payment for the group. Now there have cash and borrowing is been reduce further. With the solar gas, plantation although small and in the peak area but can still be returning it to profitable and eventually sell it off. Kub also the main contractor for TM.

The stock can be in for long term now.

KUB is growing the ICT business.

JAG Capital acquired 178.07 million shares or a 31.99% interest in KUB from Anchorscape Sdn Bhd last Friday in a deal valued at RM121.09 million or 68 sen a share, a 28.5 sen premium from the 39.5 sen closing price.

This means that Johari forked out some RM121.08mil for the stake. As of Dec 31, 2018, KUB had cash of RM92.83mil.

When contacted by StarBiz, Johari said that he was buying the stake for his private investment.

“I am buying for future value. I will assist the current board to revamp KUB if necessary,” he said.

Meanwhile, the large off-market trade saw KUB’s shares climbing early yesterday.

The counter rose 5.5 sen to close at 45 sen on a volume of 23.73 million shares.

Anchorscape still has 112.3 million shares or a 20.1% stake in the company following the DBT.

Johari is no stranger to the corporate world, as he had previously been the group managing director of CI Holdings Bhd for more than 12 years until July 2015 when he was appointed to the Cabinet.

At present, Johari is CI Holdings’ biggest shareholder with an indirect stake of 32.72%, also held through JAG Capital.

KUB has been a target of potential suitors for awhile now.

In early January, its share price jumped close to 70 sen when its major shareholder Anchorscape was approached by several parties interested in acquiring the stake.

One of them was carpet dealer Deepak Jaikishan, who first emerged as a substantial shareholder in KUB on Jan 9 after acquiring 32.23 million shares or a 5.79% equity interest in the company.

Nonetheless, it was perhaps just a trade for the carpet dealer, as by Jan 18, Deepak had ceased to be a substantial shareholder.

The first major shareholding change in KUB happened in mid-2017, when Anchorscape surfaced as the controlling shareholder with a 22.55% stake. This came about after it had exercised a call option to buy out the Ministry of Finance Inc from KUB.

Anchorscape also took over the KUB shares held by Gaya Edisi Sdn Bhd, which has a 29.62% stake in KUB.

Anchorscape is a wholly owned unit of Gaya Edisi.

Financially, KUB’s performance is not stellar. It posted net losses of RM20.56mil in the fourth quarter ended Dec 31, 2018 compared with a net profit of RM15.29mil a year earlier.

For the full year, it posted a net profit of RM1.17mil compared with a net profit of RM32.95mil in financial year 2017. Its net tangible asset per share was 57 sen.

PETALING JAYA: Former Finance Minister II Datuk Seri Johari Abdul Ghani is the new major shareholder of KUB Malaysia Bhd by virtue of his vehicle JAG Capital Holdings Sdn Bhd.

JAG Capital had emerged as the largest shareholder in KUB with a 31.99% stake after buying the block at a large premium last Friday.

A check with the Companies Commission of Malaysia showed that the shareholders of JAG are Johari and his wife Zurwati Haslinda Zainal Bahry. Johari owns 99.99% of the shares in JAG Capital.

A filing with Bursa Malaysia yesterday showed that JAG Capital had bought 178.06 million shares from Anchorscape Sdn Bhd via a direct business transaction (DBT).

The shares crossed at 68 sen, which was a large premium of 28.5 sen above the previous day’s closing price of 39.5 sen.

Already approved ..

Drop to rm2.40

Sine darby finally move a little