Agree with @Investor420 that Daibochi performance improved a lot under Scientex.
I am just an observer here to enjoy good argument. @dragon328 claimed "I do not really see any improvement in Daibochi operations since Scientex took over control in 2019." Your claim doesn't make sense.
Beg to differ. For 5 years, 2013 to 2017, Daibochi profit gone no where up and down RM23 million to RM27 million. No growth for 5 years! After Scientex came in, look, net profit now consistently RM47 million for 2 years!.
In other words, Scientex took a 0 growth company, gave shareholders 70% net profit growth in 1 year. Now offer to buy over at much higher than original 2019 offer. Offer price is also around highest price for last 1 year.
Acquisition rationale in take over announcement said take over needed to restructure Daibochi and enhance operations because of COVID-19 challenges.
@dragon328, since you said "nobody is saying Mr. Lim cheating his shareholders", then is it possible that Mr. Lim is bailing out shareholders and trying to bring a win-win deal? As @Investor420 said "I believe under PJ Lim, it’s for the greater good, or Scientex wouldn’t have this run for the past 20 years".
The difference between both of your opinions, one seeing the world with broken lens and being taken for a ride, the other a level headed investor that trusts in a 20 year performance.
Back to Daibochi profit, how did RM20 million extra profit appear magically? @dragon328, your post trying to discredit @Investor420, saying there was no improvement under Scientex, does not make sense, and raises a question similar to @Investmon's concern of moles.
Are you one of Apollo's hired moles trying to create negative stories to sway the opinion of shareholders?
Stock: [SCIPACK]: SCIENTEX PACKAGING (AYER KEROH) BERHAD
2021-09-29 21:55 | Report Abuse
Agree with @Investor420 that Daibochi performance improved a lot under Scientex.
I am just an observer here to enjoy good argument. @dragon328 claimed "I do not really see any improvement in Daibochi operations since Scientex took over control in 2019." Your claim doesn't make sense.
Beg to differ. For 5 years, 2013 to 2017, Daibochi profit gone no where up and down RM23 million to RM27 million. No growth for 5 years! After Scientex came in, look, net profit now consistently RM47 million for 2 years!.
In other words, Scientex took a 0 growth company, gave shareholders 70% net profit growth in 1 year. Now offer to buy over at much higher than original 2019 offer. Offer price is also around highest price for last 1 year.
Acquisition rationale in take over announcement said take over needed to restructure Daibochi and enhance operations because of COVID-19 challenges.
@dragon328, since you said "nobody is saying Mr. Lim cheating his shareholders", then is it possible that Mr. Lim is bailing out shareholders and trying to bring a win-win deal? As @Investor420 said "I believe under PJ Lim, it’s for the greater good, or Scientex wouldn’t have this run for the past 20 years".
The difference between both of your opinions, one seeing the world with broken lens and being taken for a ride, the other a level headed investor that trusts in a 20 year performance.
Back to Daibochi profit, how did RM20 million extra profit appear magically? @dragon328, your post trying to discredit @Investor420, saying there was no improvement under Scientex, does not make sense, and raises a question similar to @Investmon's concern of moles.
Are you one of Apollo's hired moles trying to create negative stories to sway the opinion of shareholders?