Was advised to sell at 0.55, sold some, luckily didn't sell all. But today dump all 0.8 already. 30% also enough for me. Finally after 2 years, out of this scary stock. Play safe peeps.
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description January 2018 Production Figures January 2018 Production Figures of Kretam Holdings Berhad Group :-
FFB Production 31,230 CPO Production 9,170 Palm Kernel Production 2,236
Announcement Info Company Name KRETAM HOLDINGS BERHAD Stock Name KRETAM Date Announced 09 Feb 2018 Category General Announcement for PLC Reference Number GA1-09022018-00065
Wednesday, 14 February 2018 This is what happen when plantation land become highway Despite the global market equity shock last week, there are a few company which had stood strong, and became even stronger. If you still did not know which is the one stock that had been so strong despite the volatile sentiment, then I have to tell you that this stock is called Kretam Holdings Berhad.
While the CPO market had not went back to it's peak booming season, what is the real reason for Kretam share price to be shooting upwards, especially when there are no strong leads from the CPO market.
I had to tell you that Kretam rise is nothing to do with plantation booming, or CPO boom. But it has everything thing to do with the land that they are sitting at the region of Sandakan and Lahad Datu (Eastern Sabah)
To recap, the major development that is spanning across Sarawak and Sabah will be the Pan Borneo highway that had been in talks several years ago. As packages start to dish out in phases, packages at Sabah had yet to see any progress, but not until 2018, which is this year.
Many people thought that Pan Borneo is until Kota Kinabalu. That is very wrong, because it actually extend to the Eastern side of Sabah to connect the East and West properly.
According to the picture taken from Sabah Pan Borneo site, it is noted that the road highlighted in green will be an expansion, which will see 2 carriage way with 2 lanes. However, the Pink Color will be a newly built road.
As circled in red, this Pink Color portion of the proposed newly built road in Sadakan / Lahad Datu area will have to pass through a plantation land. And that plantation land will be owned by Kretam, as all of Kretam plantation land is at Sandakan and Lahad Datu area.
As you can see Kretam share price is on the rise now. While there is no official news in the media yet, you can assume this as a piece of rumor for now, because I am no official media.
Kretam share price has risen significantly for now. Where will be the true value of Kretam for the land disposal? When will the news come out? For this I had no idea, but if you plan to trade on Kretam, do trade wisely.
Cheers and have a happy holiday in advance. For those celebrating Chinese New Year, wishing you Gong Xi Fa Cai. Posted by Bonescythe Admin at 11:58 am Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest
KRETAM -REQUEST FOR SUSPENSION KRETAM HOLDINGS BERHAD
Kindly be advised that at the request of KRETAM, trading in the Company's shares will be suspended with effect from 9.00 a.m., Wednesday, 21 February 2018 pending a material announcement.
Announcement Info Company Name KRETAM HOLDINGS BERHAD Stock Name KRETAM Date Announced 21 Feb 2018 Category Listing Circular Reference Number ILC-21022018-00001
Type Announcement Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) Description Kretam Holdings Berhad ("KHB" or "Company") POTENTIAL OFFER On behalf of the Board of KHB, AmInvestment Bank Berhad wishes to announce that KHB has been informed by its Executive Director/Chief Executive Officer and the controlling shareholder, Datuk Lim Nyuk Sang @ Freddy Lim (“Datuk Freddy”) that he has on even date, entered into the following agreements with Hap Seng Plantations Holdings Berhad (“HSPB”) to divest his direct and indirect shareholdings in KHB as follows:-
i) conditional share sale agreement between Datuk Freddy and HSPB for the sale of 779,336,900 KHB shares, representing approximately 33.5% equity interest in KHB, for a cash consideration of RM716,989,948 or RM0.92 per KHB share; and
ii) conditional share sale agreement between Santraprise Sdn Bhd (a company controlled by Datuk Freddy) and HSPB for the sale of 500,857,600 KHB shares, representing approximately 21.5% equity interest in KHB, for a cash consideration of RM460,788,992 or RM0.92 per KHB Share.
The above conditional share sale agreements, if become unconditional, will eventually result in HSPB emerging as a 55% shareholder in KHB and thereby incurring the obligation to extend a mandatory take-over offer for the remaining issued shares in KHB not already owned by HSPB and persons acting in concert with HSPB at RM0.92 per KHB share, in accordance with the Rules on Take-Overs, Mergers and Compulsory Acquisitions 2016 (“Rules”) (“Offer”). Upon the above conditional share sale agreements becoming unconditional, HSPB will serve the notice of Offer on the Board of KHB in accordance with the Rules.
Please refer to the announcement made by HSPB on the even date and the attached press notice for further details.
For information, as at 21 February 2018, Datuk Freddy has direct and indirect interest of 1,134,743,080 shares and 500,857,600 shares in KHB respectively. Assuming the completion of the abovementioned share sale agreements, Datuk Freddy’s interest in KHB will reduce to 355,406,180 shares held directly by him, representing 15.3% equity interest in KHB.
The Board wishes to highlight that there is no certainty that the abovementioned share sale agreements will become unconditional or that there will be an Offer.
Shareholders are advised to exercise caution when dealing in the shares of the Company.
This announcement is dated 21 February 2018.
Please refer attachment below.
Attachments HSPB - Press Notice (21 Feb 2018).pdf 164.1 kB
Announcement Info Company Name KRETAM HOLDINGS BERHAD Stock Name KRETAM Date Announced 21 Feb 2018 Category General Announcement for PLC Reference Numbe GA1-21022018-00105
Sohi insider trading again. MCH why bursa never issue UMA to this company? Clever operator know how to squeeze to prevent UMA? If UMA is issued at least we know what is going on before this announcement! Such an unfair act happen again and again. I'm so tiring of being treated unfairly in this bursa market!
Kretam assets revalued at 0.97 so offer price 0.92 is discounted 5% still considered a good bargain because a lot of these lands are located in the east coast of Sabah where the upcoming CEMENT PLANT is to be set up by Hapseng's boss via BORNOIL. More projects will follow thereafter. If u are wiling to wait, pay attention to the ONE counter that has a lot of catalysts on the pipeline.
1996 KRETAM, KRETAM HOLDINGS BHD \ - \ + \ KRETAM -RESUMPTION OF TRADING 22 Feb 2018, 07:00 KRETAM -RESUMPTION OF TRADING KRETAM -RESUMPTION OF TRADING ILC-21022018-00006 Kindly be advised that trading in KRETAM's shares will resume with effect from 9.00 a.m., Thursday, 22 February 2018. Your attention is drawn to the Company's announcement dated 21 February 2018. . SVP, Issuers You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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Posted by htloi > 2017-03-14 17:07 | Report Abuse
sold all at 66