On Aug 11, Mak Siew Wei was appointed as executive director of the company.
Credit: TheEdge
Mak is also a director in:
1. AT Systematization Berhad
2. Green Ocean Corporation Berhad
3. Advance Information Marketing Berhad
Mak's entry into those companies, have seen new business ventures being announced followed by big movements in their share prices.
This could be an indication of what is to come for Saudee.
Why do these new developments make Saudee interesting?
First of all, the DBT involving Tan's 53.8 million shares was done at a price of 40 sen.
Meanwhile, the open market disposal of Khoo's 20 million shares were done at 55 sen.
This means that the new shareholders cost would rougly be at 44 sen, if not higher.
Why is he paying 44 sen for a loss making and debt laden company?
As of July 31, 2020, the company was in a negative cash position of RM3.99mil.
Furthermore, the company has long term debts of RM4.98mil and short term debts of RM22.01mil.
This means the company has total debts of RM26.99mil.
Sources close to the new major shareholders say the first thing on the agenda is to pare down Saudee's huge debt as soon as possible.
"The new major shareholders want Saudee to be a zero gearing company. That's the priority before thinking about any business expansion. This will save the company lots in terest payments," said the source.
Once that is done, then the new shareholders have plans to turn the business around. They see potential in the food business, and furthermore, Saudee has already secured a few new export markets.
"With an injection of funds, Saudee's Sungai Petani plant can be ramped up, and perhaps by next year, the company will start seeing some contributions from the export markets," said the source.
Worst is Over
On a brighter note, it does appear as if the worst is over for the company.
Saudee had embarked on a huge kitchen sinking exercise, which saw the company record a loss of RM27.78mil for the nine month period to July 31, 2020.
For the third quarter alone, Saudee recorded net losses of RM19.68mil on the back of revenue of RM19.47mil.
In its filing to Bursa, Saudee said that the losses incurred in the third quarter were mainly due to the provision of allowances for slow moving inventories and the write-off of inventories amounting to RM17.40mil and RM25.40mil respectively.
Thus this also implies that the new shareholders are coming in at the tail end of Saudee's impairment and write-off exercise.
With most of the cleanup completed, it will be interesting to see whether Saudee on its own, will be able to turnaround in the coming fourth quarter results.
Moving forward
As it eyes to recover from its losses in the previous years, Saudee aims to transform itself to become the premium food manufacturer in Malaysia and in the Southeast Asian region.
According to its website, the Group is looking at:-
Embarking on an aggressive plan to expand and venture into the Middle East and European markets
Establishing a world class supply chain
Upgrading to the most modern and latest machinery and processes
Integration of information and communication technology.
[SAUDEE] Rights Issue on 05-May-2021 Stock [SAUDEE]: SAUDEE GROUP BHD Announcement Date 05-May-2021 Financial Year Subject Rights Issue Type RightIssue Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") ("SAUDEE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 237,647,697 FREE DETACHABLE WARRANTS IN SAUDEE ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 MAY 2021 ("RIGHTS ISSUE WITH WARRANTS") Amount 2.0000 : 1.0000 Ex Date 20-May-2021 Entitlement Date 21-May-2021
harga right issue sentiasa 15sen tahun 2021 mahupun dulu dalam tahun 2016
harga kini 14sen... lagipun dah dipulihkan, sukar dipercayai kan?
[SAUDEE] Rights Issue on 24-Feb-2016 Stock [SAUDEE]: SAUDEE GROUP BHD Announcement Date 24-Feb-2016 Financial Year 31-May-2016 Subject Rights Issue Type RightIssue Description RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF UP TO 30,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN SAUDEE ("SAUDEE SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY THREE (3) EXISTING SAUDEE SHARES HELD AS AT 5.00 P.M. ON 9 MARCH 2016, TOGETHER WITH UP TO 45,000,000 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF THREE (3) WARRANTS FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED BY THE ENTITLED SHAREHOLDERS OF SAUDEE, AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.35 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.15 PER RIGHTS SHARE IS TO BE CAPITALISED FROM THE COMPANYS RETAINED PROFITS ("TWO-CALL RIGHTS ISSUE") Amount 1 : 3 Ex Date 07-Mar-2016 Entitlement Date 09-Mar-2016
Saudee Group Berhad is a Malaysia-based investment holding company. The Company is engaged in wholesaling and dealing of fresh and frozen foods. The Company is also engaged in manufacturing and dealing of processed poultry, beef products, frozen foods and bakery products. It operates in two segments: manufacture and sale of food products, and property development. The Company's manufacturing activities include production of nuggets, frankfurters, drummet, balls, minced meat, banana cake, roti canai and pita bread under the in-house brands of Saudi and Deli-Deli. The Company's subsidiaries include Saudi Cold Storage Sdn. Bhd (SCSSB), which is a wholesaler and dealer of fresh and frozen foods; Perusahaan Saudee Sdn. Bhd. (PSSB), which is a manufacturer and dealer of processed poultry, beef products, frozen foods and bakery products, and Sunwish Venture Sdn. Bhd. (Sunwish), which is engaged in property development.
BOARD MEMBERS AND SENIOR OFFICERS Mr. Kok Chong Chief Financial Officer since: 2017role: Officer Mr. Siew Wei Mak Executive Director since: 2020role: Officer & Director Mr. Ben Seng Tay Executive Director since: 2021role: Officer & Director Kim Teck Lim Company Secretary since: 2020role: Officer Koon Ling Tang Company Secretary since: 2020role: Officer Mr. Chee Peng Chen Independent Non-Executive Director since: 2020role: Director Ms. San San Koay Independent Non-Executive Director since: 2017role: Director Datuk Sham Shamrat Sen gupta Non-Executive Independent Director since: 2021role: Director Mr. Yee Fuan Sim Senior Independent Non-Executive Director since: 2017role: Director
5157 SAUDEE SAUDEE GROUP BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : CREDIT SUISSE GROUP AG NRIC/Passport No./Company No. : CH-020.3.906.075-9 Nationality/Country of Incorporation : Switzerland Address: Paradeplatz 8 8001 Zurich Switzerland Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: 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 Details of Changes Date of Notice : 16/07/2021 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 14/07/2021 Disposed 143,600 - Circumstances by reason of which change has occurred: Disposal of 143,600 shares on 14 July 2021. Nature of Interest: Deemed Interest Consideration:
No of Shares Held After Changes: Indirect/Deemed Interest : 56,569,300 shares (7.9400%) Total : 56,569,300 shares Remarks: 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 Submitted By:
Pengarah focus dynamics dan berahim dah masuk saudee , banyak synergi :)
Change in Boardroom
SAUDEE GROUP BERHAD
Date of change 01 Jul 2021 Name MR TAY BEN SENG, BENSON Age 37 Gender Male Nationality Malaysia Designation Executive Director Directorate Executive Type of change Appointment Qualifications
No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree 1. Commerce 2. Marketing and Management Curtin University Technology, Perth.
Working experience and occupation Joined Marquee International Sdn Bhd, a wholly owned subsidiary of Focus Dynamics Group Berhad (FOCUS) in year 2012. He spearheaded the expansion of FOCUS and has been instrumentally in the successful yet distinctive brands of FOCUS. He is extensively involved in the areas of information technology, e-commerce, business development and brand conceptualization of FOCUS. Subsequently, he was appointed as Executive Director of FOCUS in Year 2017. He is fuelled with passionate towards conceiving and innovating lifestyle concepts in the food & beverage arena. Prior to joining FOCUS, he has vast experience in numerous fields, ranging from event management to Food & Beverage operations and conceptualizing new start-ups. In October 2020, he was appointed as non-executive director of Brahims Holdings Berhad. Directorships in public companies and listed issuers (if any) 1. Focus Dynamics Group Berhad 2. Brahims Holdings Berhad
Rcz2020, make it the simple way, call trader ask them they will press down the price to what price if 0.12 than you buy at 0.12, ask them want push up to what price level than you sell at the price level. No need read any teory and analysis the techinical chart.
hahaha..saudee, another fintec con group stock...after push the price up to sky limit...now left 14 cents...it only worth 2 cents ..wahahaja...the edge is correct....
Will there be an upward trend today? This is a conman counter. CREDIT SUISSE GROUP through and buy back the share. Got to be careful dealing in this counter
Credit Suisse sold down to cash out ??? Who is behind this nominee account?
Sold down to cover other losses? In Pasukgb ?
========================================= Notice of Person Ceasing (Section 139 of CA 2016) SAUDEE GROUP BERHAD Particulars of Substantial Securities Holder Name CREDIT SUISSE GROUP AG Address Paradeplatz 8 Zurich 8001 Switzerland. Company No. CH-020.3.906.075-9 Nationality/Country of incorporation Switzerland Descriptions (Class) Ordinary Shares Name of registered holder HSBC NOMINEES (ASING) SDN BHD EXEMPT AN FOR CREDIT SUISSE AG (DUB CLT NTREAT)/ Address of registered holder No. 2. Leboh Ampang, 50100 Kuala Lumpur Date of cessation 23 Jul 2021 No of securities disposed 6,607,700 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of 6,607,700 shares on 23 July 2021
Date of notice 27 Jul 2021 Date notice received by Listed Issuer 27 Jul 2021
======================================== Trade with care.
Mau goreng ka? Warrant exercised pada harga 15sen :)
Additional Listing Announcement /Subdivision of Shares
SAUDEE GROUP BERHAD
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No Types of corporate proposal Exercise of Warrants Details of corporate proposal Exercise of Warrants B No. of shares issued under this corporate proposal 1,180,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1500 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following
Units 715,424,819 Issued Share Capital ($$) Malaysian Ringgit (MYR) 146,014,592.310 Listing Date 29 Jul 2021
Saudee salah satu fintec punya stok yg Ada potensi kerana jenis perniagaannya yakni frozen foods... Kini Belian Kian naik sebab kovid & ramai rakyat semakin miskin terpaksa masak sendiri
Saudee salah satu fintec punya stok yg Ada potensi kerana jenis perniagaannya yakni frozen foods... Kini Belian Kian naik sebab kovid & ramai rakyat semakin miskin terpaksa masak sendiri
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....
Citadel9999
2,878 posts
Posted by Citadel9999 > 2021-07-25 16:09 | Report Abuse
penny stock finished goreng = end game , they won't goreng to let u run