https://theedgemalaysia.com/node/680686

.. the land hearing process for the remaining 0.1% relating to 8 lots of section 3 has been completed and the payment to the land owners are currently being finalised and pay by the end of this year..

Good news from the AGM today by CEO:-

"About 99.9% of the land acquisition for the entire project has been completed"

yes, i will attend it this afternoon, hoping mgt can give us strong confident no private placement or right issue..

Very good comment @ Zhuge Liang

https://perak.sinchew.com.my/20230824/%E8%B5%9B%E8%8E%AB%E7%BA%B3%E5%8F%A4%E7%9B%8A%EF%BC%9A%E4%B8%80%E6%97%A62%E5%B7%A5%E7%A8%8B%E7%AB%A3%E5%B7%A5-%E8%A5%BF%E6%B5%B7%E5%B2%B8%E5%A4%A7%E9%81%93%E8%BD%A6%E6%B5%81%E9%87%8F%E5%B0%86/

Commentary
a Prospects



The Group’s core manufacturing and distribution businesses continue to perform well in the second quarter of 2023, driven by the Group’s commitment to sales
growth, new product development, brand management, customer service and operational efficiency. Demand for pharmaceuticals, consumer healthcare
products and medical devices remained firm in the first half of 2023, supported by the sales momentum from 2022.
Business prospects for the Group’s Penang-based associate SAG remain unchanged from the first quarter. A portion of the proceeds received by SAG from the
divestment of equity in SA to Quadria Capital has been paid to shareholders as dividends and the Group is actively evaluating opportunities to invest dividends
received in new business projects. Details will be announced should these materialize.
For the second half of 2023, the Group expects the business environment to be more challenging as economic growth in our key markets slows. However, the
Group is confident that its proven and well-placed fundamentals, business development strategies, as well as new opportunities in consumer health, halal
certification and international markets are expected to support performance. Barring any unforeseen circumstances, the Group expects to deliver a satisfactory
result in 2023 and is confident that its longer-term growth prospects remain positive.

Topped up some 1.28
This stock you need to have very strong patience because it is forming the bottom.
Guess the bottom formation is nearly completed
It will anytime push up. Now it only 欠东风。。

30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000

Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%

https://www.nst.com.my/business/2023/08/946328/hibiscus-proposes-five-two-share-consolidation-manage-price-volatility

https://www.orientaldaily.com.my/news/business/2023/08/23/591063

Definitely choose Pchem
I also already bought some Pchem in my portfolio and waiting to buy more if it further drop below RM 6..
Avoid Lctitian, bad mgt couple with value trap

Let see how QR performance

Next Monday good or not, first time facing counter trf from Ace market to main board with declining profit..

Qr not good why only have 35 million profit before tax

Prospect

Based on the continued growth trend of all products in the past six months, notably 4D Jackpot game and Magnum Life game, the Board is
cautiously optimistic that the performance of the gaming business for the second half year remains promising and encouraging.

Gaming
Despite lower number of draws in the current quarter (2023 : 40 draws; 2022 : 42 draws), Gaming revenue of RM537.1 million was higher than previous year's corresponding quarter by RM55.1 million or 11.4%.


The increase was due to improved net sales per draw, especially the 4D Jackpot game, where there was a strong jackpot run during the current quarter.

The Gaming division recorded a pre-tax profit at RM60.5 million which was RM20.7 million higher when compared to RM39.8 million recorded in previous year's corresponding quarter.

The higher gaming pre-tax profit was mainly due to higher gaming sales and coupled with lower prizes payout and operating expenses recorded in the current quarter

FY23 to be a breakout year. The Ivory Coast plant is expected to reach near-full utilisation by end 1Q23, and could potentially generate MYR50- 90m profit pa at an optimal production level, with a 5-year tax free status. Meanwhile, the declining trend of energy costs and higher ASPs are expected to swing Schokinag’s operations back into the black (following a minor loss in FY22). In the UK, an annual capacity of 16k tonnes of industrial chocolate will be commissioned by mid-2023 and start contributing in 2H23.

https://theedgemalaysia.com/node/678351

it is time for this stock to take off
Today price RM0.635
See one mth later what is the price..

Bought @ RM 4.18

Today lausai most probably because British increase interest rate..

The currency exposure profile of borrowings is as follows:
Group Company
2022
RM
2021
RM
2022
RM
2021
RM
United States Dollar 461,690,105 548,455,935 - -
Ringgit Malaysia 301,370,337 301,781,767 300,000,000 300,000,000
British Pound 227,053,801 350,590,916 - -
Euro 170,640,133 91,460,950 - -
1,160,754,376 1,292,289,568 300,000,000 300,000,000

so you bought already?
pls tell me you entry price

Congratulation @tongwong8

Very strong support..wondering who is supporting? Hopefully not ttb cronies🤣🤣🤣

Finally this stock reaches equilibrium at RM0.69-RM0.695

Now the most important thing is the disposal of land need to be successfully complete as scheduled..

After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.

as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000

Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000

total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000

=203857000/60799000
=RM3.35 per shares

2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”

c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)

This Announcement is dated 20 July 2023

8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities

Good job@tongwong8.
Hope to have more long-term investor like @tongwong8 willing to share his view here

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.

After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50

The Disposal Consideration is further supported by the valuation certificate dated 20 July 2023.
The Disposal Consideration represents a 12.09% premium to the market value of the Subject
Property of RM364,000,000 as appraised by the independent property valuer, namely CBRE WTW
Valuation & Advisory Sdn Bhd (“CBRE” or “Valuer”) as at the date of valuation on 5 July 2023 vide
its valuation certificate.

this stock outlook is optimistic

If this project sure no need extra fund ( i.e right issue), do you think it is logical to assume that this stock only worth RM 0.70 (which is today price)?

https://www.enanyang.my/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1/%E3%80%90%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1%E3%80%91%E6%97%B6%E5%85%89%E7%BD%91%E7%BB%9C-%E6%96%B0%E6%95%B0%E6%8D%AE%E4%B8%AD%E5%BF%83%E5%89%8D%E6%99%AF%E7%9C%8B%E4%BF%8F

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81%E2%80%9C%E5%A4%8D%E6%B4%BB%E2%80%9D%E5%9C%A8%E6%9C%9B-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%9C%BA%E6%9E%84%E6%96%99%E7%AA%81%E5%9B%B4

It seems this counter back to former glory..
Now the question, will the price be sustainable..?

9 CITIGROUP NOMINEES (ASING) SDN BHD 34,225,600 1.15
Exempt An for UBS AG SINGAPORE (FOREIGN)
10 HSBC NOMINEES (ASING) SDN BHD 28,738,400 0.96
Exempt An for CREDIT SUISSE (SG BR-TST-ASING)
======
Foreign banks already hold WCE
EPF name not appeared un 30 largest shareholding, neither Glc group

CONSTRUCTION ACTIVITIES
WCE Maju Sdn Bhd (formerly known as KEB Builders Sdn
Bhd) (“WCE Maju”), a wholly owned subsidiary of the
Company, has entered into a Memoradum of Agreement
(“MOA”) to undertake, on a design, build and manage basis,
the construction works of a proposed access from West
Coast Expressway to a mixed development project in Kota
Seri Langat. This Proposed Access will be known as the
Kota Seri Langat “Left-In and Left-Out Interchange” and
includes the construction works of a bridge, main drainage,
water pipes and associated works for a total consideration
of RM126.8 million (“the Seri Langat Project”).
WCE Maju had also accepted a Letter of Award by IJMCKEB JV on 2 April 2021 to construct and complete Section
7, Part 2 of 2 (“Section 7B”) of the WCE Project which is
approximately 10km in length from the beginning of the
Assam Jawa Interchange towards the Tanjung Karang
Interchange

Extract from Annual Report 2023

"TRAFFIC PERFORMANCE
Currently, our four opened sections
which have been operating since 2019 is
witnessing encouraging traffic volume, with
an average of 50,000 to 60,000 vehicles
passing through daily, an increase of 65%
from the previous financial year. The Group
continues to see traffic volume growth
where it recently reached a new peak of
100,000 daily vehicles during the recent
Hari Raya festive celebration compared
to 60,000 daily vehicles in the previous
year. The Group anticipates that even
higher numbers will be recorded as more
sections of the WCE become accessible to
commuters."
======================
Traffic increase by 20%

that is y sb said if you owns a listed company, you are few lucky people on the earth that can easily earn and enjoy your life..but before that you need to struggle very hard..and of course LUCK is a most important factor.
BUT, if No try, definately no luck.

Another atomic bomb exploded

https://www.thestar.com.my/business/business-news/2023/07/27/lotte-chemical-titan-posts-wider-net-loss-in-2q23

国家能源转型大蓝图 料为我国带来逾兆商机 【内附音频】
https://www.chinapress.com.my/?p=3531187

https://www.thestar.com.my/business/business-news/2023/07/26/alliance-bank-expects-8-to-10-loan-growth-for-fy24

Poor people like me definately need to take the risk.
if not, your next generations, most probably have more difficult life because of lesser chance..
that is y i called myself anonymous warrior

This stock has one advantage over other stocks because of its new factory at Bandar Enstek, Negeri Sembilan. It is a Halal Hub where any Aji Products exported will have defined years of tax exemption.