Is PDZ Holdings Bhd being taken-over by Tan Sri Syed Mokhtar Albukhary, one of Malaysia’s most prominent businessmen?
Word has it that Syed Mokhtar, whose flagship company is MMC Corp Bhd may acquire a substantial stake in PDZ, a shipping and logistics company.
People with knowledge on the matter said the substantial stake will pave the way for an asset injection exercise — a strategy the tycoon is well known for. What we would like to know if this would trigger a mandatory general offer (MGO) of PDZ!
Port operation is one of MMC’s core businesses. MMC has a substantial stake in NCB Holdings Bhd, which owns Northport Malaysia Bhd and logistics outfit Kontena Nasional Bhd. The proposed acquisition in PDZ is strategic given that Syed Mokhtar’s MMC is expanding its presence in the port business.
Market experts whom we spoke to said it does make commercial sense for MMC to take over PDZ. They said MMC may be able to gain operational and cost synergies, which will further enhance the financial performance of its port and logistics divisions.
PDZ has been gaining momentum lately after the company is believed to have won a contract worth RM600 million from a large e-commerce platform operator in China.
We don’t know who PDZ has partnered with in China but the names we hear are Alibaba Group Holding Ltd and Tencent Holdings Ltd who currently dominate the China e-commerce market with platforms such as Taobao and JD.com Inc.
After this news went viral last week, the stock’s daily trading volume has been building up.
PDZ rose to a new high, rising up to 23 sen this morning at around 10.30 a.m and by mid-day, the stock had some 450 million shares traded. It was the most actively traded counter across the local bourse.
The stock surged from a low of 5 sen last month to the highest this year at 23 sen. There is also talk that a global fund or e-commerce operator from the United States is taking a substantial stake in PDZ.
Could it be that Syed Mokhtar wants to grab PDZ first before the other parties take a bigger hand in the company?
With PDZ, Syed Mokhtar’s overall logistics and port business will be further enhanced.
>>MMC might buy their stake after MARA out. New director will come after Tengku Ahmad resign.stay tune!
keyword [Due to the rampant market rumours and speculation surrounding this discussion, both PDZ and Sanichi have decided to jointly release this Joint Press Release.]
This is already a clue but many failed to realize that it means, project was suppose to be a secret but was leaked to public, and they have no choice but to provide confirmation because of bursa query. Clear indication pdz is safe to hold. To those who bought high, try to to average down while the price is still low at the moment, Hold and huat! Control your emotions and be patience,
======================================
MIDA also have release PDZ and Sanichi JV in their website. This is definately a greenlight to hold and keep accumulating. what else are you waiting for? waiting for it to go high and chase high is it?
Mida is Incorporated as a statutory body under the Malaysian Industrial Development Authority (MIDA) Act, the establishment of MIDA in 1967 was hailed by the World Bank as "the necessary impetus for purposeful, positive and coordinated promotional action" for Malaysia's industrial development. Today, MIDA is Malaysia's cutting-edge, dynamic and pioneering force in opening pathways to new frontiers around the globe.
Investors are encouraged to discuss their project interests with MIDA officers at MIDA's headquarters in Kuala Lumpur or at its overseas or state offices closest to them. Information on investing can also be obtained from the Getting Started section. Investors are also invited to visit MIDA's Business Information Centre (BIC) where published information on investment, trade, financing, productivity pertaining to the manufacturing and services sectors are available.
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....
xiaozhai
65 posts
Posted by xiaozhai > 2020-08-02 19:42 | Report Abuse
my average on 0.165