"To graduate from the ACE Market to the Main Market of Bursa Malaysia, a company has to make an uninterrupted profit record of RM20 million over a period of between three and five financial years, with a profit of at least RM6 million in the year when the application is made."
Someone might wanna take a guess when SMRT got transfer to main board?
For long term investment, Smrt is ok..very good profit every year.. also dividend...don't have to worry about loss.. so far confirm profit every year..
SMRT has qualified f trsf to main mkt based on financials. BOD indicated pending in Oct 14. In 6/13 acquired 70% CUCMS (Cyberjaya University College of Medical Sciences). Fair value of 1.01 pegged agst FY15 earnings target PER of 14x.
SMRT proposed to amendments to thier articles of association....one of the change is changing the listing information from ACE market to Main market.....looks like things going well and just need minor administrative paper work......
SMRT Holdings Berhad (F.K.A. SMR Technologies Berhad) (659523-T) l Annual Report 2013
Profit After Tax:
Year 2010 : 0.136M Year 2011 : 8.333M Year 2012 : 8,568M Year 2013 : 8.250M
Key Financial Position (RM’000):
Total Assets: 63,398 Total Liabilities: 3,591 Cash & Cash equivalents: 4,013 Total borowings: 1,894 Issued and paid up Capital: 19,478 Shareholders’ Fund: 59,682
Share Information (RM’000):
Net Earnings per share (Basic) (sen): 4.26 Net Earnings per share (Diluted) (sen): 4.23 Net Assets per share (sen): 30.70 Market Capitalisation at 31st December: 42,852
Financial Ratios:
Return on total asset(%): 16.20% Price to earnings ratio (times): 5.16
SMRT HOLDINGS BERHAD (659523-T) (Incorporated in Malaysia)
NOTICE OF EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SMRT Holdings Berhad (“Company”) will be held at Unit 13-7 (Level 7), Signature Office (Block A), The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur on Friday, 10 October 2014 at 10.00 a.m. for the purpose of considering and, if thought fit, passing with or without modification the following resolution :
SPECIAL RESOLUTION
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY “THAT subject to the approval of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Securities Commission Malaysia and other relevant government and/or regulatory authorities on the "PROPOSED TRANSFER" of listing of the Company from the 'ACE MARKET' to the "MAIN MARKET" of Bursa Securities.......
BY ORDER OF THE BOARD
WONG YOUN KIM (MAICSA NO. 7018778) YIP SIEW CHENG (MAICSA NO. 7006780)
Try listening to below podcast recorded way back in 2013 Aug. I think the director is being consistent in what he said earlier..... I like this company.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cherry tomato
1,880 posts
Posted by cherry tomato > 2014-09-17 23:18 | Report Abuse
EGM on 10 Oct - one of the issue to pass is TRANSFER TO MAIN BOARD