The new land purchase is very strategic at Bangsar! It's next to the Zehn Bukit Pantai, along Jalan Bukit Pantai. Somewhere behind TNB Bangsar.

it's a healthy correction indeed. the current earnings represent the solid foundation for the years to come. However, the future earning from data center & green energy still yet to show up. So, whoever wish to buy during this correction is buying into future earnings.

Answered in AGM, pioneer status will not get extension.. but, they mentioned got another Grant related to IR 4.0 running in parallel.

@Foreign_Invest Wrong! For institutions subscriber, 71sen per share.. No bonus shares for them. For IGBB shareholder, although their effective price seems 40sen per share, don’t forget they also suffers the share price drop of IGBB. Let say from average 2.20 to 1.90 now, also losing 30sen. I would say their effective price around 60-70 sen as well. Unless they sold IGBB at higher price much earlier after entitlement date. Question is will ppl willing to sell lower just to cash out?

Ah hah… so they have to amend the bonus issue proposal to 1:1. It seems apparent that the 3 months average price prior to application to authority can’t sustain above RM1.50 for compliant to MMLR 6.30 (1A) rule.

not sure how much impact is the hike of construction materials to developers like UOA?

Announcement of Multiple proposal on 26Jul mentioned the company shall submit the application within 2 months... and estimated timeframe for completion is 3Q of 2021.

Take note that, MMLR Rules 6.30 (1A) states (as highlighted in the proposal document itself too):

(1A) A listed issuer must ensure that its share price adjusted for a bonus issue is not less than
RM0.50 based on the daily volume weighted average share price during the 3-month period
before the application date.

Tricky things...
- Share price should stay above RM1.50 in average for the 3 months period before application date.
- We can see share price generally trending above RM1.50 prior to 3Aug21 & start to drop to low of 1.2x ~ RM1.3x past few trading days.
- if the share price continue to drop significantly below RM1.50, resulting in lower daily VWAP, it may affects the compliance to this rule.

So? probably they shall submit the application ASAP? or, investor can hope the price trending above RM1.50 in coming days?

or... the proposal would be amended?

curious..

seems to retreat back to 14~16 sen?

Fair Value given:
Public Bank - 82sen
https://www.theedgemarkets.com/article/publicinvest-derives-fair-value-82-sen-ace-marketbound-haily-group

TA - 83sen
RHB - 76sen
https://themalaysianreserve.com/2021/07/08/ace-bound-haily-on-76-83-sen-price-talks/

missed the AGM. The lousy ShareWorks only approve the account registration so late despite registered weeks ago! Anyone attended? mind the share any insights ?

the company hardly give any good dividend. perhaps that's the reason the share price never appreciate. only 1~2 days show due to KYY's posting.

@Johnlee85 , although Feb number encouraging, but the pace need to improve significantly to reach higher number compare to last year.

https://paultan.org/2021/01/27/vehicle-sales-performance-in-malaysia-2020-vs-2019-all-the-numbers-and-how-the-brands-fared-last-year/

@JJChan are you saying they make a full provision on warranty due to the 6+6 maintenance upfront? Mind to share / explain more on this?

@CHHu
I guess minimum need to reach market cap of 15b .. to go back to KLCI. Current MCap 8.322b. Perhaps we're looking at Px of 1.50 before can see the potential of going back to those key index.

hope YTL can go back to index component in future..

wonder what is the next catalyst for Nylex to move? seems stagnant...

seems dropping. good to add more?

Making good money, but dividend seems not attractive. Is that the reason no buying interest?

good 11.11 sales?

@wehcant, share dividend Ex.

https://www.channelnewsasia.com/news/singapore/ema-grants-energy-efficiency-projects-senoko-tuas-power-ytl-13381500

Anyone attend the AGM?

Any other insights given by management during today AGM?

any updates from AGM?

Q2 result out. Not impressive

i guess the result not impressive enough. perhaps consumer market picking up for Q2, but not other sectors due to MCO/CMCO. Those business will pick up in Q3, Q4 I guess. Meanwhile, just have to brace for lower share price until next quarter.

Consider good result? Or not impressive?

probably liquid share on market is too low? they should do 1:1 bonus issues then...

probably go down further below DRS fixing price of RM1.48. Too bad! I guess nobody will take up the DRS.

Gap between YTL and YTLPower widen. Potentially same old tricks to do share swap on privatizing YTLPower?!

you mean they will also make the same offer to minority shareholder?

With YTLCorp now > 75% of YTLLand.. and they purposely don't want to comply with minority shareholding % spread requirement... what will happen next? let the price keep falling and ppl give up & just sold at open market?

What is going to happen with YTLCorp PAC get > 75% of YTL Land now?

This is a company without substances.. except for the so called JV news.. no different from punting

@TrendLai, perhaps warrant go back to 0.2 level ...

Look at the trend.. or even today's trading pattern of mother. Can easily drop to 1.40 in short while. So, it's not hard for mother to drop below 1.00. Some would think to convert warrant, but conversion need 8++ days as pointed out someone who contacted the share registra. Would you take the chance? Worst, with the thin volume of mother share, if everyone convert and "throw", there is nothing to gain at the end of the day. What do you think?

probably go back to 0.2 to 0.3 level for warrant... PA seems perform better.

Good luck everyone!

Be prepared to hold for mid term if you have confident of their JV future.

mother could easily drop back to previous price..... that means warrant can also drop to 0.4?!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6124045

it is COMBINATION of a few contracts.. 1.279b not coming alone from single contract

Anyone attend corporate presentation of Orion IXL today? Mind to share any insights?

I also think it sounds like shorting right? Borrow from you now.. sell it .. a year later, buy back from market much cheaper .. return to you + small interest.

seems no news on progress of Jordan power plant nor Indonesia power plant. Anyone have the news or progress of these two?

@hornbill, for long term is true, another "theme" shouldn't be an issue. But, this legal tussle and uncertainties with 21Fox will drag the opening of outdoor theme-park. The longer it drag, the non-generating revenue problem become more severe. Like I said earlier, the properties depreciation will become very significant when no revenue coming in.

@enid888, hmm.. 21Fox may file counter claim for revenue lost in the delay. Foresee there would be a very long legal process.. hopefully they work out something amicable.

enid888, but we don't know the details of the contract. It could be the delay of the project that enable 21st Century Fox to terminate the contract. In that case, GenM is at fault?

but the design of the theme-park is already according to "21Fox" theme. Can't imagine the rework, time & money need to involve if the deal is indeed terminated. Worst, by dragging longer, the properties value depreciation would become very significant in the result of GenM when there's no income generating from the theme-park.

last week movement is merely window dressing for Q3?

Haha.. make sense also..