Hey, Below is ChatGPT translation of
https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-02-23-story-h-297431019-E_amp_O_Sees_Rights_Issue_Future_Sales_Supporting_Phase_2_Andaman_Islan

CEO早间简报
E&O计划权益发行，未来销售支持第二阶段安达曼岛的资本支出

edgeinvest
发布日期：2023年2月23日，上午8:42

E&O总经理郭德昌（左）和执行主席Datuk Tee Eng Ho（Low Yen Yeing / The Edge拍摄）
吉隆坡（2月22日电）——房地产开发商东方和东方集团（Eastern & Oriental Bhd，简称E&O）的高负债对该集团而言影响甚微，因为该集团预计通过最新的筹资提议和销售所产生的现金将支持其下一个增长阶段。

该集团正在寻求第二阶段安达曼岛项目的额外资金，尽管缩小了首次在2022年2月提出的权益发行，该集团预计明年手头将有约5亿令吉的现金。

在E&O的业绩简报会上，该公司总经理郭德昌表示，他相信该集团的不可赎回可转换无担保贷款股（ICULS）权益发行将被充分认购，以实现其新目标，即筹集2.55亿令吉的新资本。

加上其房地产业务和酒店业务的持续销售和收入，郭德昌表示该集团到明年将拥有5亿令吉的现金。

该集团截至去年12月末的总借款为12.9亿令吉，现金为1.8631亿令吉。相对于18.3亿令吉的股本，总杠杆率为0.7倍。

E&O拟通过发行每四股E&O股份配发三张不可赎回可转换无担保贷款股为安达曼岛项目提供部分资金，每张股票价格为23.5仙。

这些ICULS的存续期为五年，票面利率为3.8％，转换价格为23.5仙。这些权益从2月21日（星期二）开始交易，最后交易价为3.5仙。

相比之下，E＆O的最后交易价格为30.5仙，市值为4.5041亿令吉。该集团此前提出以50仙的价格每两股E＆O股份发行一张ICULS，以筹集高达3.6278亿令吉的资金。

在安达曼群岛项目中，E＆O执行主席Datuk Tee Eng Ho表示，该公司预计在2024财年第二阶段的Seri Tanjung Pinang（STP）将投入2亿令吉的资本支出。

Tee表示，预计安达曼岛第一阶段的开发将在未来15年内提供170亿令吉的总开发价值（GDV）。

E＆O已经完成了253英亩的第一阶段填海造地，而507英亩的第二阶段预计将于2028年12月完成，Kok表示。

第三季度盈利近4倍增长，主要得益于安达曼岛第一阶段的首次推出销售
截至2022年12月31日的第三季度（3QFY2023），E＆O的净利润从去年同期的783万令吉跃升近4倍至3009万令吉，营收激增超过3倍或247.32％，从2338万令吉增加至8120万令吉，这主要是由于安达曼岛第一阶段的首次推出销售The Meg- 1020套服务公寓和14个商铺的销售额增加，以及填海造地的收入确认。

值得注意的是，其酒店业务部门的收入贡献增长了305.4％，从去年同期的1660万令吉增加至5070万令吉，主要是由于入住率和平均房价的提高。

截至2022年12月31日的九个月（9MFY2023），E＆O实现了盈利，净利润为2845万令吉，而去年同期则亏损了1526万令吉。累计营收从之前的8379万令吉激增了201.69％至2.5277亿令吉。

关于其前景，E＆O表示，自2022年1月开始销售项目以来，The Meg已经超过95％的销售。

该集团表示，鉴于其战略位置和广受欢迎的产品，它对即将推出的项目感到兴奋。

“虽然槟城将占据我们未来发布的大部分，但由于旅游和商务旅行持续强劲复苏，酒店业务部门的入住率和平均房价创历史新高，我们对其充满信心，”它补充道。

在2023财年之后，Tee将销售目标定为2.5亿令吉。

资料来源：TheEdge-2023年2月23日

End of translation.

The table in the Chinese article is not translated since it is in jpg format and I dont know how to turn it into text for ChatGPT to read. Happy Investing, Good Luck!

Bullish on the Future of Fruit and Vegetable Farming

According to the company's financial report, the increase in revenue mainly came from the company's wholesale business. However, due to a one-time negative goodwill gain of MYR 20.69 million in 2021, the profit for 2022 appears to have decreased significantly.

Based on its positive outlook for the future of fruit and vegetable farming in Malaysia, the company has decided to enter this industry and expects the new business to contribute at least 25% of its net profit.

The premium for ANNUM-WA is currently at 55.1%, which is relatively high for a warrant that will expire in two years. The warrant is also considered expensive due to its higher implied volatility compared to the historical volatility of the underlying stock.

Due to the significant drop in ANNUM's share price from its high, as well as the appearance of new significant shareholders after the issuance of the additional shares, there is a greater possibility of a rebound at a lower level, leading to support from investors for ANNUM-WA, which has a lower entry cost.

Disclosure: The author of this article holds shares in the company mentioned.

Disclaimer

This article is purely for academic or experiential advice, and readers who are interested in investing should conduct their own research or seek advice from a stockbroker before making a decision. Investment involves risk, and we encourage the creation of wealth through correct investment methods.

Hi, I asked ChatGPT to translate part of the article
https://klse.i3investor.com/web/blog/detail/nanyang_warrants/2023-02-27-story-h-297334794

The result is:
Title: Nanyang - Warrants Column / Wen Shilin
Entering the Intelligent Agriculture Industry, ANNUM and Its Warrants Deserve Attention / Wen Shilin

ANNUM-WA, a warrant issued by ANNUM (5082, Main Board Industrial Stock), was listed on Bursa Malaysia last Tuesday. The warrant was part of ANNUM's recently completed additional share issuance plan, and was distributed free of charge to subscribers at a ratio of 3 warrants for every 4 shares subscribed, with a total of 97.5 million units issued.

It is worth noting that the subscription rate for this additional share issuance plan was not high due to the issue price of 30 cents being higher than the market price. However, some investors made up for this by subscribing for additional shares, enabling the company to achieve its target fundraising.

After its listing, ANNUM-WA traded between 6.5 cents and 8 cents, and closed at 8 cents last Friday. ANNUM's mother stock has been on a downward trend for the past year, falling from a high of about 85 cents to 24.5 cents last Friday.

Formerly known as New Hoong Fatt Holdings, ANNUM is engaged in the plywood and construction businesses. However, the group has entered the intelligent agriculture industry through this corporate activity, mainly by cultivating Japanese melons through the additional share issuance plan.

For the first three quarters ending on September 30, 2022, ANNUM's revenue increased significantly by 40% from RM167.16 million in the first three quarters of 2021 to RM234.20 million. The company's net profit, however, decreased by 48% to RM22.68 million.

ChatGPT Feb 13 Version. Free Research Preview. Our goal is to make AI systems more natural and safe to interact with. Your feedback will help us improve.

haha, another and another big boss will be coming in? I said several times before can consider holding Ptrans as gifts to our children....nice that big bosses finally also keen in Ptrans! Didn't know I think like big bosses, regret didn't go into business, haha. Happy trading, friends!

PPl converted warrants to mothers and sell for quick gains. But I think no worry as long as company use the conversion fees wisely!

6 sens, good job! But expecting more upwards, with so much developments needed in East Malaysia！加油!!

Greensky2, I mean market cap is 300mil, not profit. Anyway, am holding on as things looks ok especially the newly appointed auditor.

Long queue at LR, good sign. Ppl who sell mother below fair price and hope to get cheap by bidding excess be careful....may be difficult. Good luck!

not directly, just to remind us of the durian industry. Btw, I tend to be a bit more optimistic in outlook. TAYOR

@Alfl3 You don't mean the one posted by ivanlau 6 days ago?

https://www.youtube.com/watch?v=pc3dJ-c9tZ0

HM's 50 acres durian farm will start to bear fruit in 2026, 3 more years. Meanwhile, I will just sit back and let HM work on its diversification plans to oil palm.

@Greensky2 According to AR2022, number of shares=353mil, so market cap is 300mil only. How you get few billion?
Am hesitating to hold or sell half. Why loss making? It does not collect payment in phases while building power plant? Would be great if some one can list the pro and con.

Oh, a former director who retired sold 8.8 mil shares in just 2 days 20&21 Feb. Think this was the main reason why it went so much down that two days. Expecting upward movements going forward.

@AlexChia I agree, must not practise selective prosecution....
Instead, as much as possible, better to move on and forward!

NOT bad at all! See
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=221985&name=EA_FR_ATTACHMENTS

3. Group's Prospects
The Meg which comprise 1,020 apartments and 14 shop units is more than 95% sold since we started selling this
project in January 2022. We are excited with our upcoming launches given the strategic location and well accepted
product offerings. While Penang will form the bulk of our future launches, the hospitality segment is enjoying historical high occupancy rate and average room rate on the back of continued strong recovery in tourism and business travel.

I cancelled my queue to sell, haha

To me the current warrant price and the quite long queue at 6.5 sen mean the current mother price is not justifiably low. Why ppl pay 7sen for warrants if the mother won't be at least 35 sens in 2 years time when expiring?

Great, report says UP replanted nearly half its land with UP seedlings that produce double the yield. I cancelled my sale :)

Okay, thanks for the explanation. But it's going downward. Maybe just overall market trend.....Hopefully new auditor will be announced soon!

Why change of auditor? Kind of worrisome due to other examples of falsifying accounts:(

@tklim Any comment on the current warrant price?

Looks like ANNUM now is grossly undervalue!
Refer to circular below Section 8.3 p. 38
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3315038

The maximum scenario applies now, but even after all the warrants are converted, the NA per share is 60sen. Furthermore, in the last couple of years it is a profitable company. So what should be the fair price now? I don't think is as low as 25 sens, especially we paid 30 sens for a right share. Personally. won't think of selling if less then 40sens. Happy trading!

Looking forward to ANNUM's version in a year's time!
https://www.malaymail.com/news/eat/drink/2021/03/30/how-these-malaysian-farmers-grew-the-worlds-most-expensive-melons...-in-put/1962246

Am impressed by its Penang reclamation projects....so what the rush to sell at less than the fair value?

Why they don't follow the example of MyEG"s directors to buy?

Action is what counts! A big Thank You to Mr Wong and Dato' Dr Norraesah for setting good examples!!

@AlfI3 You're welcome. I believe smart farming is the right way to go and the company seems to have assembled a team, so I participated :) Suddenly, the Chin KF shock came. Yes, I am relieved he is NOT Director of ANNUM.

Also, from NST: "Nadia granted bail at RM3,500 and fixed March 21 for case mention." If it is a serious crime, then isn't 3500 too small a bail? It also did not mention surety or have to hand over passport.

星洲：“陈国锋也是2家公共有限公司(PLC)的董事或股东，即ARB有限公司和Annum有限公司”

根据Annum2021年报他不是董事，是股东，有4.7%。

Will be nicer if we can know soon for ppl to make judgement . Can help us in decision making. But if you prefer to wait, I am ok with it. Good luck and huat chai!

@Ivanlau Am very interested to know how you calculate the fair value of e&o. Can share your calculation?

hi jt18, I checked my record, sold some at over 17sen, cost was about 12 sen. Am still keeping some because i like to have some of my counters in agriculture.

So, I think Annum will recover from the shock

And he ceased as Substantial Shareholder as of March 2022: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3245425

Is the low price now due to the recent news that Chin KF was charged? The news said Director/Shareholder.....
I checked the latest AR 2021, he not director but had 4.7% shares
2. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. (197801004114)
PLEDGED SECURITIES ACCOUNT FOR CHIN KOK FOONG 4,600,000 4.7179%

Oversubscribed, so Annum can do the smart farming as proposed.... waiting for its success. I supported it cos it's green technology, nothing to do with Shareholder Chin KF

Hey, isn't Hua Yang greatly undervalued??
400 acres of landbank with GDV of 5.2B. From AR 2022, the book value of the land bank is more than 400mil. Number of shares is only 440million! What is wrong??

I think so too...the sale must have been planned earlier. It is still keeping 20%. What if it realises that it needed more fund to develop NIISe, and TASS came forward but wanted 80%?
And if IITS got the contract in an unclean way, some ppl will be convicted, but not IRIS itself, right? IRIS can handle production of ID and have contracts eg Senegal RM80mil and Tanzania RM 167.6mil. So will IRIS recover?

@Jacktan5050 he is shareholder, not director of ANNUM

Why this counter so quiet despite buy call from RhbInvest and TP RM 1.7+?
https://klse.i3investor.com/web/blog/detail/rhbinvest/2023-01-18-story-h-300942599-KKB_Engineering_a_Mightier_Year_Ahead_Maintain_BUY

@hellohellohellohello, well said! But i think "NIISe is sick project" did not come from Anwar's mouth, but an unnamed source as reported in Malaysia Today
https://www.malaysia-today.net/2023/02/08/macc-probing-possible-abuse-of-power-in-contract-for-ex-pms-son-in-law/

Just wondering: why IRIS is selling 80% and keeping 20% of IITS? Why not it sells 100%?

If the announcement is true with no plan to cheat us bilis, then possible. This one I think is doing real business.

Anyone attending EGM? Can ask why not plant more durians, say make it 200 acres of durian, in addition to oil palm?

Does it even make sense for JPJ, or individual Department/Ministry to have a Big computer/IT team to handle their platform?? Can't hire a few ppl and expect the platform to work well. Need a team of ppl with various expertise. Think it makes more sense to out-source such projects to specialized companies such as Myeg!!

hi @BLee, Thanks for your reply. I don't know proper accounting way, so i just hantam, haha: 80% of (6mil+NAV 37.5+Advances 33.4)=0.8*76.9=61.5mil, so profit 70-61.5=8.5mil?

@BLee, Just wondering how the figure gain 7.22 mil comes about. Is it possible to get this number out of the other figures in the announcement?

@Abba84 Thanks for sharing your personal experience. I don't know IRIS in details, but from googling around, it looks quite impressive for me, at least considering its beginning.
https://www.theedgemarkets.com/article/ey-world-entrepreneur-year-ey-helps-entrepreneurs-take-leap-world-stage

Group finance Mr H'ng did the calculations, and....

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326966
Hope all is well!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326966
Hope all is well....if not many of us will be hit!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326966
Hope all is well!