the wholly-owned subsidiary of MPHB are suing PETRONAS and JOHOR government

I have no idea why bank negara rejected the proposal of final dividend =.=

Bank negara did not approve the proposal of final dividend and the proposed final dividend will be cancelled.

Hi, Mr Ooi, what is your opinion on tnlogis? is it ok to hold？

wayne83 jst an announcement of transfer of the LA to mother share =)

dividend? sure or not

LOL, my avg is 1.38, it is gonna gg

L&G gonna rebound

hakuna matata, technical correction only

tomorrow will rise again

bought at 1.57, planned to keep it for long term
and i am wondering when the dividend proposed will be given to us -.-

This counter is good, especially after it involves in the property development segment which contributed a lot to its revenue which is abt 30%(58.9million) in the third quarter. According to the previous results, this quarter 4th quarter financial result is the best and dividend will also be given by the company to the shareholders. Its NTA is RM2.34 with current share price,1.34 which is obviously undervalued.

i dont think L&G will gv dividend at this stage

currently, the price of L&G is 0.56 with cumulative eps 9.47sen currently , PE=5.913
assuming last quarter eps 4.5sen, then the whole year eps will be 13.97sen, assuming same PE
the price of L&G will be 0.82 =)

sry. This is BOLEHland, not singapore lol

lower limit*

lucky didnt touch limit down 3.29 this morning =\

bcs DSONIC is not the KLCI share =）

Posted on 4 April 2014 - 05:40am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
PETALING JAYA: Datasonic Group Bhd, which has seen its market capitalisation jump more than 17 times since its listing in September 2012, continues to reach new heights despite the stock exchange regulator's caution to investors in the trading of its stocks and call warrants, making the possibility of the counter being accorded "designated security" status very real.

"We really don't know how far its share price can go, but if it continues to soar, Datasonic may be given 'designated securities' status by the authority," TA Securities Investment Manager Lam Chi Mun told SunBiz.

Declaring a counter as a "designated security" does not stop trading in the stock but does seek to curb excessive speculation by requiring payment upfront before purchasing and a free balance of securities before selling.

After all, stock exchange regulator Bursa Malaysia drew criticism the last time it declared a stock "designated security", with players opining that it had acted too slowly.

The most recent stock given "designated securities" status was Harvest Court Industries Bhd, which saw its shares climbing drastically after the prime minister's second son Nazifuddin Najib bought into the company.

Harvest was declared a "designated security" back in mid-November 2011. It was lifted two months later.

Analysts observe that institutional participation in Datasonic is insignificant, signalling that retail investors are playing an active role in driving the share price up.

"We don't see big funds and strategic investors holding the stock, maybe retail buying (is being done) on the momentum they have seen in the company," said Interpac Securities head of research Pong Teng Siew.

According to Datasonic's latest annual report major shareholder Datuk Abu Hanifah, who is also the managing director, holds a 68.55% stake, inclusive of the indirect interest through Dibena Enterprise Sdn Bhd. Lembaga Tabung Angkatan Tentera holds 2.93%.

Datasonic, an electronic identification company, is seen as the main beneficiary of the compulsory migration to the new MyKad. It posted a net profit of RM81.90 million for the financial year ended Dec 31, 2013, representing a leap in growth of 191.27% as a result of higher revenue earned.

Since its listing, the company has undertaken a number of corporate exercises. It has announced two rounds of bonus issues, once in April 2013 and another just in February. It has also split its shares, dividing one share with a par value of 50 sen each into five units of 10 sen each.

The company, which listed on Bursa Malaysia on September 3 2012 with a market capitalisation of RM180 million, surprisingly saw its market capitalisation reach RM3.21 billion yesterday, up 17.7 times in less than two years even after its corporate exercises.

Datasonic shares hit an all-time high of RM4.87 last Tuesday.

Based on yesterday's closing price of RM4.70, it is more than double than its listing price of RM2, while its price-to-earnings ratio stood at 38.7 times, which is deemed expensive as compared to other small caps.

However, Pong opined that the valuation is "not unreasonable", calling it a characteristic of a high growing stock. "It's notable that the small caps in the local bourse have delivered good results for more than a year but we are quite stumped by the length of this rally," he added.

Bursa Malaysia on Tuesday advised investors to exercise caution and make informed decisions in the trading of Datasonic's shares and call warrants. This was after Bursa Malaysia queried the company on the stock movements last February. The management said then that they were unaware of any corporate developments that might have caused the unusual share price movements.

Last month, Bursa Malaysia advised investors to be cautious on Hong Leong Capital Bhd shares, which has been on a bull run since early last year.

thank you all for your explanations =)
3.29 limit down already, still got so many heroes bought at 3.3 @@

what does designated securities mean??

if i am not mistaken, andrew chiu is the only son of david chiu

L&G will be rising in long term, no worry

i found that L&G is a good counter last year due to its strong fundamentals and i was in dilemma whether want to buy its LA or not. L&G-LA was about .225 that time and i bought it at .285 when it was in an uptrend. I was thinking want to sell high buy low or not. In the end, I keep it until now because i am still unable to know when is the correct timing to sell high and buy low

sry, mistaken, it should be .440/.445

this counter is going to rebound at .4/.445