Posted by Peace99 > 2023-02-15 11:55 | Report Abuse

And he ceased as Substantial Shareholder as of March 2022: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3245425

Posted by Peace99 > 2023-02-15 11:57 | Report Abuse

So, I think Annum will recover from the shock

Posted by AlfI3 > 2023-02-17 04:31 | Report Abuse

@peace99, many thx for d info sharings. With ur clarifications shown; its share prc start recovering since d past 2 days to prove chin KF not d board member tat might cause abuse of descriptions.

Hope it escalates further prior to d rights issues listing in d coming few days

Posted by oskchoon > 2023-02-17 19:40 | Report Abuse

Guys , 97.5 millions free warrants will be listed soon .....

Posted by Peace99 > 2023-02-19 10:27 | Report Abuse

@AlfI3 You're welcome. I believe smart farming is the right way to go and the company seems to have assembled a team, so I participated :) Suddenly, the Chin KF shock came. Yes, I am relieved he is NOT Director of ANNUM.

Also, from NST: "Nadia granted bail at RM3,500 and fixed March 21 for case mention." If it is a serious crime, then isn't 3500 too small a bail? It also did not mention surety or have to hand over passport.

星洲：“陈国锋也是2家公共有限公司(PLC)的董事或股东，即ARB有限公司和Annum有限公司”

根据Annum2021年报他不是董事，是股东，有4.7%。

Posted by Peace99 > 2023-02-20 23:13 | Report Abuse

Looking forward to ANNUM's version in a year's time!
https://www.malaymail.com/news/eat/drink/2021/03/30/how-these-malaysian-farmers-grew-the-worlds-most-expensive-melons...-in-put/1962246

Posted by Peace99 > 2023-02-21 08:43 | Report Abuse

Looks like ANNUM now is grossly undervalue!
Refer to circular below Section 8.3 p. 38
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3315038

The maximum scenario applies now, but even after all the warrants are converted, the NA per share is 60sen. Furthermore, in the last couple of years it is a profitable company. So what should be the fair price now? I don't think is as low as 25 sens, especially we paid 30 sens for a right share. Personally. won't think of selling if less then 40sens. Happy trading!

Posted by Peace99 > 2023-02-21 12:03 | Report Abuse

@tklim Any comment on the current warrant price?

Posted by Peace99 > 2023-02-22 12:58 | Report Abuse

To me the current warrant price and the quite long queue at 6.5 sen mean the current mother price is not justifiably low. Why ppl pay 7sen for warrants if the mother won't be at least 35 sens in 2 years time when expiring?

Posted by AlfI3 > 2023-02-23 01:44 | Report Abuse

A possible rebound in Annum's prc very soon after so many days of prc adjustment of those additional oversubscribed RIs.

Posted by kl_guy > 2023-02-23 19:24 | Report Abuse

look like this counter going to goreng soon.

Posted by Peace99 > 2023-02-27 10:50 | Report Abuse

Hi, I asked ChatGPT to translate part of the article
https://klse.i3investor.com/web/blog/detail/nanyang_warrants/2023-02-27-story-h-297334794

The result is:
Title: Nanyang - Warrants Column / Wen Shilin
Entering the Intelligent Agriculture Industry, ANNUM and Its Warrants Deserve Attention / Wen Shilin

ANNUM-WA, a warrant issued by ANNUM (5082, Main Board Industrial Stock), was listed on Bursa Malaysia last Tuesday. The warrant was part of ANNUM's recently completed additional share issuance plan, and was distributed free of charge to subscribers at a ratio of 3 warrants for every 4 shares subscribed, with a total of 97.5 million units issued.

It is worth noting that the subscription rate for this additional share issuance plan was not high due to the issue price of 30 cents being higher than the market price. However, some investors made up for this by subscribing for additional shares, enabling the company to achieve its target fundraising.

After its listing, ANNUM-WA traded between 6.5 cents and 8 cents, and closed at 8 cents last Friday. ANNUM's mother stock has been on a downward trend for the past year, falling from a high of about 85 cents to 24.5 cents last Friday.

Formerly known as New Hoong Fatt Holdings, ANNUM is engaged in the plywood and construction businesses. However, the group has entered the intelligent agriculture industry through this corporate activity, mainly by cultivating Japanese melons through the additional share issuance plan.

For the first three quarters ending on September 30, 2022, ANNUM's revenue increased significantly by 40% from RM167.16 million in the first three quarters of 2021 to RM234.20 million. The company's net profit, however, decreased by 48% to RM22.68 million.

ChatGPT Feb 13 Version. Free Research Preview. Our goal is to make AI systems more natural and safe to interact with. Your feedback will help us improve.

Posted by Peace99 > 2023-02-27 10:52 | Report Abuse

Bullish on the Future of Fruit and Vegetable Farming

According to the company's financial report, the increase in revenue mainly came from the company's wholesale business. However, due to a one-time negative goodwill gain of MYR 20.69 million in 2021, the profit for 2022 appears to have decreased significantly.

Based on its positive outlook for the future of fruit and vegetable farming in Malaysia, the company has decided to enter this industry and expects the new business to contribute at least 25% of its net profit.

The premium for ANNUM-WA is currently at 55.1%, which is relatively high for a warrant that will expire in two years. The warrant is also considered expensive due to its higher implied volatility compared to the historical volatility of the underlying stock.

Due to the significant drop in ANNUM's share price from its high, as well as the appearance of new significant shareholders after the issuance of the additional shares, there is a greater possibility of a rebound at a lower level, leading to support from investors for ANNUM-WA, which has a lower entry cost.

Disclosure: The author of this article holds shares in the company mentioned.

Disclaimer

This article is purely for academic or experiential advice, and readers who are interested in investing should conduct their own research or seek advice from a stockbroker before making a decision. Investment involves risk, and we encourage the creation of wealth through correct investment methods.

Posted by Peace99 > 2023-02-27 10:57 | Report Abuse

End of translation.

The table in the Chinese article is not translated since it is in jpg format and I dont know how to turn it into text for ChatGPT to read. Happy Investing, Good Luck!

Posted by AlfI3 > 2023-03-09 09:43 | Report Abuse

@Peace99, wat is the great news tat cause todays spike??

Posted by Peace99 > 2023-03-09 15:14 | Report Abuse

@AlfI3 Don't know why it spike up! I think it makes sense to go up, but why today? and why spike? Could it be some big buys also notice ANNUM and buy it while it's cheap??

Posted by AlfI3 > 2023-03-09 16:32 | Report Abuse

Very much under valued indeed & dirt cheap

Posted by kyosan > 2023-03-17 10:05 | Report Abuse

buy ...accumulate.... need spare pocket, dont lump sum... maybe go 18 back,..

Posted by Peace99 > 2023-03-22 08:58 | Report Abuse

Just a gentle reminder on the schedule: Smart Farming Business is to start in 3rd Quarter this year. Currently, the company should be busy getting ready for the launch, such as engaging external service provider for the IoT system, building up to 19 green houses, and getting the relevant licenses. Prospectus said: "....our Management expects the
Smart Farming Business to generate revenue and profits to our Group by 4th quarter of
calendar year 2023." So will be exciting to see the result in less than a year!

Posted by Peace99 > 2023-03-22 14:49 | Report Abuse

If the melon can be exported to Japan, then really huat cai!

Posted by TakeProfits > 2023-05-09 01:54 | Report Abuse

Betul kah Sangjero...Bila Akan Sampai 2.50....hehehe..Thix year, next year or in 5 years time !! Haha

Posted by TakeProfits > 2023-05-11 15:49 | Report Abuse

Wah soo many IB analysts....one say going up to 2.50 and another one bullish and bearish option. Hahaha

Posted by Victim1 > 2023-05-27 01:44 | Report Abuse

Congratulations to all supporters, another ageson in here with same boss. All money gone, this account will be suspended soon like ageson

Posted by TakeProfits > 2023-07-07 18:00 | Report Abuse

Ini bolih Naik langit kah !?

Posted by zuhutuho > 2023-07-07 18:04 | Report Abuse

Need time lor

Posted by Victim1 > 2023-07-08 12:30 | Report Abuse

Dari ageson pindah ke annum sambung tipu

Posted by Happy8 > 2023-07-08 17:53 | Report Abuse

No chance?

Posted by Happy8 > 2023-07-09 16:07 | Report Abuse

Still can go above 20c?

Posted by zuhutuho > 2023-07-12 15:59 | Report Abuse

Moving slowly

Posted by Happy8 > 2023-07-16 18:47 | Report Abuse

Start to move. Gogogo

Posted by Victim1 > 2023-07-17 10:38 | Report Abuse

From ageson group to annum continue

Posted by Superb99 > 2023-07-20 17:46 | Report Abuse

Super lousy stock

Posted by Superb99 > 2023-07-20 17:47 | Report Abuse

Can even stand above 0.2

Posted by Superb99 > 2023-07-21 20:57 | Report Abuse

Dreaming

Posted by felet404 > 2023-08-07 15:34 | Report Abuse

The Board of Directors of Annum (“Board”) wishes to announce that the Company has on 4 August 2023 received a notice in writing pursuant to Section 281(1) of the Companies Act 2016 (“the Act”) dated 3 August 2023 ("Notice") from Messrs. PCCO PLT (“PCCO”) on their resignation as Auditors of the Company. Pursuant to Section 281(2) of the Act, PCCO term of office will end after 21 days from the date of the Notice.



The Board wishes to inform that the resignation of PCCO was on a voluntary basis, due to their limitation of resources and the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.



Further announcement will be made by the Company on the appointment of new Auditors in due course.



This announcement is dated 4 August 2023.

Posted by felet404 > 2023-08-09 09:36 | Report Abuse

So little only? someone predicted it will hit 2.30 back in April. LOL!

Posted by Dehcomic01 > 2023-08-11 12:02 | Report Abuse

The company seems to have turned profitable over the past 3 years. How much of this was due to the plywood business?

Posted by Victim1 > 2023-09-01 10:04 | Report Abuse

Become another ageson

Posted by Lee Ying Yee > 2023-09-04 21:18 | Report Abuse

really crazy ? m boleh ???

Posted by Lee Ying Yee > 2023-09-04 21:21 | Report Abuse

more than 90% small company will crazy ? go home and sleep ?

Posted by TakeProfits > 2023-09-12 17:10 | Report Abuse

Tklim....can go up or not this Annum fella...?
Is it low enough to buy?

Posted by TakeProfits > 2023-09-12 17:12 | Report Abuse

Nta 0.73c...
But price now 13.5c...
If co is not doing well or executing well, habis mar

Posted by TakeProfits > 2023-09-12 17:16 | Report Abuse

Hey Victim1, can trust this co or not...!? Takut lar...
Auditors resign mean something not light (right)...
What you think Victim1....
Also as you say they in Ageson before !

Posted by Victim1 > 2023-09-13 14:44 | Report Abuse

Same boss same director so you think will this annum will be like ageson. Now ageson propose a RM2 afton sdn bhd that just register company not even a month can afford to buy over ageson shares?

Posted by helangtua > 2023-09-24 21:57 | Report Abuse

monitor

Posted by zuhutuho > 2023-09-27 16:30 | Report Abuse

Rdy to goreng up?

Posted by Dehcomic01 > 2023-10-04 08:08 | Report Abuse

For those thinking of investing in this company, have a look at Eskons. https://www.youtube.com/watch?v=g1byo-eO4CM
Eksons was originally a plywood manufacturer which then diversified into property development. In Jan 2023 Eksons ceased the plywood business. Doesn’t this path sound familiar when you look at Annum?

Posted by felet404 > 2023-10-04 15:49 | Report Abuse

Becareful with this conman counter! News of searching for new Auditors doesn't look good, Malaysia got so many auditor firms why is it so hard to find a one? Unless you want to get someone so sign off your dubious accounts and report. Investors be cautious!

Posted by PeterMK28 > 2023-10-25 16:10 | Report Abuse

https://www.thestar.com.my/news/nation/2023/05/01/council-lodges-police-reports-over-people-with-fake-datuk-datuk-seri-and-tan-sri-titles

Posted by PeterMK28 > 2023-10-25 16:10 | Report Abuse

Dato Sri Larry Liew Kok Leong is using fake Dato Sri title. Why SC and Bursa allow them to cheat to share holder? They never do KYC to all director? SC and Bursa so lousy. Only protect the rich.




https://www.istiadat.gov.my/semakan-penerima-darjah-kebesaran-bintang-dan-pingat/

Liew Kok Leong name cannot search in the official Pingat website.

Larry Liew Kok Leong only got Dato from Pahang. Never get any Dato Sri. But he has claim himself Dato Sri since 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067591

This is public cheat. Why Bursa allow listed company director cheat to public. Larry Liew Kok Leong use fake Dato Sri to cheat credibility from public.

https://www.thestar.com.my/news/nation/2023/05/01/council-lodges-police-reports-over-people-with-fake-datuk-datuk-seri-and-tan-sri-titles