TG shares traded on its debut at a price of S$1.635 each. Last traded at S$1.61. TG is valued at 15.3 times earnings at that price. Its valuation is nearly identical to Riverstone Holdings Ltd's PE of 15. Riverstone is the only S'pore rubber gloves manufacturer listed in SGX.

Dato' Sri Ng Ah Chai has notified the Co that he had entered into a conditional Share Sale Agreement with BRDB Developments S/B to buy over the latter's substantial stake in Mieco at RM0.90 per share. Upon the fulfilment of the conditions precedent, Ng is obliged to undertake a MGO to acquire the remaining shares from the rest of the shareholders.

The suggested financial model is sufficiently easy for those not financial savvy to understand. Thanks Icon.

A good piece of advice to those panicky and irrational investors out there after the repercussions of Brexit. Thanks VGI.

Based on the last done price of RHBCap, the reference price of the new RHB Bank shares will be 4.68 upon listing/trading on Tuesday, 28/6/2016. Your original, say 10,000 RHBCap shares will be converted to 13,042 RHB Bank shares and 10,000 RHB Cap shares of 5 sen par value as shown in the CDS account. The latter shares will not be traded pending winding up whereupon any excess funds will be paid to the original RHBCap shareholder within 15 to 36 months.

The company will celebrate its 20th anniversary which falls on 6th December this year. Besides holding promotions for its customers in conjunction with the celebration, the Chairman in the AGM this morning reminded the attendees that the Co will not leave out the shareholders. The Board will deliberate on this and will make an announcement at the appropriate time.

HL Investment Bank rated the RI as neutral to slightly positive, and considered the 6.49% pa for the perpetual RCPS-i as attractive. For the time being, investors have ignored this counter because nothing has been firmed up, even the ex-entitlement date for the 19% final dividend although already approved in the last AGM.

Write a comment..In the recent announcement of rights issue of RCPS-i of RM0.01 each, the expected preferential dividend rate is stated as 6.49% p.a. Is this rate based on the par value of RM0.01 or issue price RM1.00? If it's 6.49% p.a. on the issue price, then worthwhile taking up the rights allotment.