Posted by Diamond7 > 2024-05-13 11:13 | Report Abuse

Break resistance....
Strong..very strong!

Posted by bzeew > 2024-05-13 12:51 | Report Abuse

At stake is Sungei Bagan's 4.763 million shares in Great Eastern that has received a voluntary offer from Oversea-Chinese Banking Corp (OCBC). Sungei Bagan's equity in Great Eastern, equivalent to 1%, has a value of S$121.93 million, or RM426.88 million, based on the price offered by OCBC for an 11.56% stake it does not own in the Singapore-based insurer for S$1.4 billion (RM4.9 billion).

Posted by zildjian > 2024-05-13 13:18 | Report Abuse

all fives company semua kaki lang, jst sailang the king frm fives

Posted by speakup > 2024-05-13 14:02 | Report Abuse

Panic buying
Ppl just close eye and tikam buy

Posted by zildjian > 2024-05-13 14:44 | Report Abuse

the powered of 南益 Lee Rubber…

Posted by Diamond7 > 2024-05-13 15:22 | Report Abuse

Moving up non stop....
Chances are..
Deal will go through!

Posted by dompeilee > 2024-05-13 15:33 | Report Abuse

Over 1 million shares to be traded 2day! Only TWO other days in history where this has happened : 22 Nov 2010 & 12 Jan 2018!

Posted by zildjian > 2024-05-13 17:06 | Report Abuse

6.66 六六大顺

Posted by speakup > 2024-05-13 19:24 | Report Abuse

Devil stock!
Avoid!

Posted by dompeilee > 2024-05-14 09:18 | Report Abuse

Angel stock just touched a 19-year HIGH of $6.89!

Posted by Birdie > 2024-05-22 06:18 | Report Abuse

Sleeping beauty. When Prince Charming gives her a kiss, it will fly

Posted by Diamond7 > 2024-05-22 13:02 | Report Abuse

@Birdie.
I agree with you!

Hidden gem
The goose that lays golden eggs!

Posted by Ovantage > 2024-05-23 07:49 | Report Abuse

The control is by lee Thor seng, he also control Nyalas rubber 4 million share in great eastern..

Posted by Ovantage > 2024-05-23 07:51 | Report Abuse

Total he control more than 7.733 million great eastern share..meaning if he agrees to sell, Ocbc will be able to exercise compulsory take for rest of great eastern shares

Posted by Zhlim014 > 2024-05-25 20:57 | Report Abuse

Think will have bumper dividend. I hope share price move to rm8 plus.

Posted by Diamond7 > 2024-05-26 18:47 | Report Abuse

“For years, Kuchai shareholders had held on to the shares with the view that Great Eastern would be privatised eventually. This was on the account that the shareholders of Great Eastern were already clamouring for the board to take action to enhance shareholder value.

“When OCBC finally made the general offer for Great Eastern, the upside directly benefits Sg Bagan shareholders,” says the shareholder.

Posted by Diamond7 > 2024-05-26 18:49 | Report Abuse

The most valuable of Kuchai’s assets is a block of 3.032 million shares in Singapore-listed Great Eastern Holdings Ltd, the largest insurer in the region

Posted by Diamond7 > 2024-05-26 18:50 | Report Abuse

When Kuchai’s shareholders gave the nod for the deal on Tuesday, the block of Great Eastern shares was valued at RM184.8 million

Posted by Diamond7 > 2024-05-26 18:52 | Report Abuse

Assuming Kuchai had held on to the block, the 3.032 million shares alone would be worth an estimated RM271.7 million (S$77.6 million).

Which means Sg Bagan had got the land and other assets from Kuchai for almost nothing

Posted by Diamond7 > 2024-05-26 18:53 | Report Abuse

Sg Bagan now owning 4.763 million shares in Great Eastern, which have a market value of S$121.93 million or RM426.88 million based on OCBC’s offer price

Posted by Diamond7 > 2024-05-26 18:57 | Report Abuse

The cash proceeds would amount to RM4.556 per Sg Bagan share, based on its outstanding share base of 93.7 million shares.

Posted by Diamond7 > 2024-05-26 19:07 | Report Abuse

SBagan has been super undervalue!
Sales of Great Eastern shares will unlock the value of SBagan!
SBagan will get a big harvest of special dividend!

Posted by Diamond7 > 2024-05-26 19:15 | Report Abuse

Dun worry
Kuchai, Kluang and SBagan all benefits together from the sale of Great Eastern shares!
Bumper harvest!

Posted by MalaysiaEquityGuide > 2024-05-26 19:24 | Report Abuse

for SIME must watch
https://www.youtube.com/watch?v=XlZ5LIC0BWo&t=10s

Posted by AhPek > 2024-05-26 20:34 | Report Abuse

Kuchai at a losing end. Sg Bagan is the biggest gainer.

Posted by Diamond7 > 2024-05-26 21:27 | Report Abuse

Kuchai oso will up...
Together with SBagan n Kluang
All up up together

Lucky
Kuchai get 222 SBagan

Posted by Diamond7 > 2024-05-26 21:29 | Report Abuse

@AhPek
I agree with you
Biggest winner is SBagan
But all the three musketeers will up together with Great Eastern deal
Directly or indirectly all the three musketeers gain big harvest from this deal.

Posted by Zhlim014 > 2024-05-26 21:32 | Report Abuse

Will you all still hold after this huge spike due to it still being undervalued?

Posted by Diamond7 > 2024-05-26 23:35 | Report Abuse

Must look at how much is the special dividend

Posted by dompeilee > 2024-05-27 09:27 | Report Abuse

Great Eastern trading @ S$26.15, 55c or 2% ABOVE offer price. Great thing I'm holding all 3 beneficiaries of OCBC's attempt to sapu insurer cheaply!😊

Posted by Zhlim014 > 2024-05-27 09:49 | Report Abuse

Hope ocbc will up offer in geh

Posted by Diamond7 > 2024-05-27 10:04 | Report Abuse

Great Eastern share holders are given till 31/5 to sign n sell their shares to OCBC

Some minority share holders of OCBC are unhappy....saying that the offer to buy great Eastern is too expensive!

Let's hope that the deal will go through!

Posted by Zhlim014 > 2024-05-27 10:23 | Report Abuse

On the contrary, geh shareholder are very angry as embedded value is 36.59 but ocbc is offering only 25.60

Posted by dompeilee > 2024-05-27 10:48 | Report Abuse

OCBC...so loaded but cheapskate...that's why failed in 2004 & 2006...& will likely fail in 2024 if bid not raised to closer to S$30! Hopefully, both sister cos. will not be swayed by their Lee Rubber affiliations & hold out for a better offer instead of caving in to the $25.60 offer. After all they have held on for the past 50+ years!

Posted by Zhlim014 > 2024-05-27 11:15 | Report Abuse

If accept, the first friday when ocbc table offer, think will have immediately delisted.

Posted by Zhlim014 > 2024-05-27 11:29 | Report Abuse

This is purely my guess

Posted by lionel messi > 2024-05-27 12:12 | Report Abuse

If they don't accept OCBC's offer, the three sisters will go back to sleep for another 50 years. Think everybody is old and tired already. Just accept and move on.

Posted by Zhlim014 > 2024-05-27 12:18 | Report Abuse

https://www.straitstimes.com/business/great-eastern-minority-shareholders-seeking-better-offer-from-ocbc

Posted by Diamond7 > 2024-05-27 15:42 | Report Abuse

Yes
If deal does not go through SBagan will go back to 3.60...

Posted by Diamond7 > 2024-05-27 16:18 | Report Abuse

Mr Wong Hong Sun, whose grandfather was chairman of Great Eastern for close to 20 years, holds more than three million shares. “Even if I am not sentimental, I won’t sell,” he said. “Half price is no way.”

Can the deal go through?
🤞🤞

I pray pray the shareholders will accept the offer n the deal goes through!

Posted by Zhlim014 > 2024-05-27 16:45 | Report Abuse

Dont think will fall to 3.60 ah

Posted by zildjian > 2024-05-27 16:48 | Report Abuse

if sg bagan back to square RM3.600, sailang all and keep for nxt generation

Posted by Ovantage > 2024-05-27 18:46 | Report Abuse

We have till end of June for geh shareholders to decide..at least 28 days from now

Posted by Ovantage > 2024-05-27 18:48 | Report Abuse

Like what I said, if Ocbc can strike a deal with lee Thor seng.. they can compulsory acquire geh shares at that price.. lee Thor is one one the key with 7.733 million geh shares under his control

Posted by Diamond7 > 2024-05-28 18:59 | Report Abuse

Singaporeans very legalistic!

EY the financial adviser will advice !
Chances are...
The deal will go through!

Posted by dompeilee > 2024-05-29 17:35 | Report Abuse

A piece of UNBELIEVABLE LUCK 2day!!! I managed to fortuitously grab 84 units of Sungei Bagan odd lots shortly after I logged in @ 4:10 pm offered for sale @ $4.77, thus saving $136 compared to the lowest price on the board lot mkt!!! SOLD 300 more units of sister Kuchai that roughly represents the no. of SBagan shares that I so fortunately bought @ a huge discount!!!

Posted by Diamond7 > 2024-05-29 18:28 | Report Abuse

@Dompeilee
Congrats!
Happiness!
Good Luck!

Pray pray deal will go through n OCBC will offer a higher price to take over!

Posted by Zhlim014 > 2024-06-08 12:13 | Report Abuse

Definetly not at 25.60. Sg bagan shareholder may benefit from a revised offer of their share instead

Posted by lionel messi > 2024-06-11 09:42 | Report Abuse

Or sell to the market. More than 26 currently.

Posted by lionel messi > 2024-06-14 10:25 | Report Abuse

Decision time is near. Accept or reject?