KWANTAS CORPORATION BHD

KLSE (MYR): KWANTAS (6572)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

1.65

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


Be the first to like this.

249 comment(s). Last comment by calvintaneng 2024-06-28 13:08

Posted by Go_Kwan_Tas > 2020-09-10 13:11 | Report Abuse

Exactly. All current holders should not sell at such low prices.

kentrade888

1,572 posts

Posted by kentrade888 > 2020-09-10 15:36 | Report Abuse

Rumor has it that it will raise the price.

kentrade888

1,572 posts

Posted by kentrade888 > 2020-09-10 16:00 | Report Abuse

The good news will be announced.

Larrytrader

1,453 posts

Posted by Larrytrader > 2020-09-10 19:31 | Report Abuse

Hi guys, how can I vote yes or accept the offer? Has it started to vote already?

Posted by AllanTingAS > 2020-09-10 22:27 | Report Abuse

Please wait patiently, they have announced IA. So, their next announcement will be on the time schedule SRC or further movement. Slowly buying.

Ubull717

35 posts

Posted by Ubull717 > 2020-09-11 08:37 | Report Abuse

GONNA publish another announcement. be patient. Good NEWs!!

Money168

245 posts

Posted by Money168 > 2020-09-15 16:10 | Report Abuse

Good News is coming.....

Ken Chung

85 posts

Posted by Ken Chung > 2020-09-15 19:58 | Report Abuse

What good news?

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-09-16 10:57 | Report Abuse

No risk no gain.
If abort, drop to normal price.
If confirm, up to 5 sen lower than offer price.

LOOK009

1,079 posts

Posted by LOOK009 > 2020-09-17 12:03 | Report Abuse

I believe the good news is coming.

Superb99

6,603 posts

Posted by Superb99 > 2020-09-17 12:34 | Report Abuse

if abort then gg.com

Posted by Go_Kwan_Tas > 2020-09-18 08:48 | Report Abuse

The SCR is going to take awhile, at most 6 months. But with current price of 1.30~1.32, it's going to be about 25% upside if it goes through.

Posted by ehsuk1954 > 2020-09-18 16:25 | Report Abuse

UP IS GOOD FOR SHARE HOLDERS

Posted by meerkat0078 > 2020-09-18 18:11 | Report Abuse

Let's hope no major shareholder try to block this privatization like Muar Ban Lee against CCB's privatization this year. Blocking it will not be beneficial to any shareholder as you cannot expect the price to maintain much after the privatization failure. By the way, did you know that Muar Ban Lee left as majority shareholder after the failure to privatize CCB? This shows that greed failed when market conditions are weak.

Posted by Go_Kwan_Tas > 2020-09-18 21:10 | Report Abuse

Current SCR having premium of 1.65 / 0.555...that's 3x that of CCB's 2.20 / 1.29. Looking at current market condition and price drop of CCB due to the unsuccessful deal, only foolish and greedy shareholders would not want the SCR.

Posted by AllanTingAS > 2020-09-19 10:47 | Report Abuse

Don't worry at all even SCR did no go through. price will be at high side since CPO price close to RM3,000/mt. Company will make profit for next QR.

Posted by Go_Kwan_Tas > 2020-09-19 12:15 | Report Abuse

Haha...the proposal sent to Bursa already stated why SCR is done, look at item 3 (rationale for the proposed scr). They are going to undertake a major replanting exercise on their oil palm areas which will affect their financial report negatively . Don't expect the price to go up

firehawk

4,782 posts

Posted by firehawk > 2020-09-21 10:20 | Report Abuse

Accumulation in progress .... :-)

firehawk

4,782 posts

Posted by firehawk > 2020-09-22 16:27 | Report Abuse

u all sold yr holding alrdy?

price so good also so quiet ....

Posted by Go_Kwan_Tas > 2020-09-22 16:43 | Report Abuse

Why need to sell now...still roughly 20% upside. Next few months. FD takes how many years to make 20%..

firehawk

4,782 posts

Posted by firehawk > 2020-09-22 18:31 | Report Abuse

ya loh .... but seemed like not many people interested .....

Posted by meerkat0078 > 2020-09-23 18:18 | Report Abuse

Up up up... we are not greedy. 1.65 is good enough. Blocking your privatization in a soft economy will not sustain the share price at this level.

Posted by meerkat0078 > 2020-09-28 17:11 | Report Abuse

Good time to buy and approve the SCR of RM 1.65 per share

kentrade888

1,572 posts

Posted by kentrade888 > 2020-10-02 09:15 | Report Abuse

high dividend counter.
https://www.klsescreener.com/v2/news/view/709717/quick-take-naim-rises-2-2-on-dividend-plan

Quick take: Naim rises 2.2% on dividend plan
TheStar Mon, Aug 03, 2020 09:16am - 1 month ago



KUALA LUMPUR: Shares in Naim Holdings Bhd rose in early trade following its plan to use RM90mil from land sale as dividend.

The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.

The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.

This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).

Naim said the cash dividend is to reward shareholders for their investment and continued

support of the group.

On July 17, Naim’s wholly-owned subsidiary, Petrochemical Hub Sdn Bhd had entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corporation (SEDC) for the proposed disposal of two parcels of vacant land with a total area of approximately 405.6 hectares in Bintulu, Sarawak for RM340mil.

Superb99

6,603 posts

Posted by Superb99 > 2020-10-05 16:39 | Report Abuse

1.35...lelong again

pap9163

60 posts

Posted by pap9163 > 2020-10-05 17:09 | Report Abuse

apa ini ?

Posted by AllanTingAS > 2020-10-05 22:09 | Report Abuse

Started to Q at 1.35 but can't get it. Will try tomorrow, big premium !

meow me

2 posts

Posted by meow me > 2020-10-06 16:46 | Report Abuse

when is egm ?

Superb99

6,603 posts

Posted by Superb99 > 2020-10-16 13:46 | Report Abuse

Wait till neck become long long

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-10-25 17:53 | Report Abuse

If market crashes, believe plan will cease. In the first place, why so generous to offer high price? Anyway, if succeeded, congratulations for those who still hold it.

Posted by Cantel Wong > 2020-10-26 23:35 | Report Abuse

I don't think the plan can cease. But can be voted out

Superb99

6,603 posts

Posted by Superb99 > 2020-10-27 16:34 | Report Abuse

From 50 over cents to 1.3 sth....lol....already more than 100% gain...if not confident, just sell and take the profit

LOOK009

1,079 posts

Posted by LOOK009 > 2020-10-28 14:56 | Report Abuse

KWANTAS The good news is coming.
1.380
+0.04 (+3%)
OTHERS KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")
KWANTAS CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")
(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 25 September 2020 in relation to the Proposed SCR) We refer to the announcements dated 26 August 2020, 28 August 2020, 2 September 2020, 25 September 2020 and 29 September 2020 in relation to the Proposed SCR. On behalf of the Board, Maybank IB wishes to announce that the Securities Commission Malaysia had, vide its letters dated 27 October 2020, notified that it has no further comments on the circular and independent advice letter in relation to the Proposed SCR. This announcement is dated 28 October 2020.




Announcement Info
Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 28 Oct 2020
Category General Announcement for PLC
Reference Number GA1-27102020-00129

LOOK009

1,079 posts

Posted by LOOK009 > 2020-10-28 16:31 | Report Abuse

take over is coming

NTA:RM3.55

Seek

443 posts

Posted by Seek > 2020-10-28 16:47 | Report Abuse

Offer only 1.65

LOOK009

1,079 posts

Posted by LOOK009 > 2020-10-28 17:02 | Report Abuse

Definitely more than 1.65.

Posted by AllanTingAS > 2020-10-28 22:14 | Report Abuse

Keep buying in batches. TG is 1.60

Posted by petnch2020 > 2020-10-29 12:33 | Report Abuse

Wow free money. hahah. 18% return is not bad. just leverage a lot if you think this would happen. In most cases, the offeror must have done their homework first. Just need to be patient. SCR normally takes around 1 year to complete (at most). Good luck guys.

chshzhd

1,908 posts

Posted by chshzhd > 2020-10-31 00:19 | Report Abuse

SCR will be completed first Q 2021.

firehawk

4,782 posts

Posted by firehawk > 2020-10-31 00:55 | Report Abuse

at least another 4 months to go ....

apolloang

18,163 posts

Posted by apolloang > 2020-10-31 01:19 | Report Abuse

what do u think tan sri calvin? u think the deal can approve? u still holding?

calvintaneng

56,552 posts

Posted by calvintaneng > 2020-11-05 14:29 | Report Abuse

Kwantas upside is limited

Sell and switch to Wtk now

Ken Chung

85 posts

Posted by Ken Chung > 2020-11-20 09:32 | Report Abuse

up 4 sen. Why?? anything happening??

Superb99

6,603 posts

Posted by Superb99 > 2020-11-20 11:28 | Report Abuse

Approaching the approval date so some people start buying

LOOK009

1,079 posts

Posted by LOOK009 > 2020-11-20 15:02 | Report Abuse

顾问:出价不公平但合理 关氏小股东应接受献购

(吉隆坡30日讯)独立顾问指出,关氏(KWANTAS,6572,主板种植股)大股东关恩华提出的选择性资本回退“不公平但合理”,建议小股东接受。

根据顾问Mercury证券的报告,关氏应用通常用以衡量亏损公司的“净资产估值法”,来评估资本回退价格。

根据评估,关氏的市值应达约11亿710万令吉,或每股3.55令吉;然而,大股东献议以每股1.65令吉选择性资本回退来私有化关氏,折价了53.5%,因此献议“不公平”。

不过,关氏股价过去5年来,几乎都低于献议价;而且1.65令吉的出价,比起关氏于提出选择性资本回退献议参考日期的5天、1个月、3个月、半年和1年交易量加权均价(VWAP),溢价高达181%至220%之间。

而且,关氏股票的流动性也不高,故Mercury证券认为,献议“合理”。

关恩华是于今年8月下旬提出选择性资本回退建议,计划以超高溢价私有化公司,这让关氏接连两天涨停板。

Superb99

6,603 posts

Posted by Superb99 > 2020-11-20 17:30 | Report Abuse

Better approve it else back to 60 cents then cry no tears

hsteoh56

50 posts

Posted by hsteoh56 > 2020-11-20 19:27 | Report Abuse

I'm attending the EGM, I'll vote in favour of SCR. Cheer....

Posted by fatphatty > 2020-11-22 01:13 | Report Abuse

history show.. SCR price that 50% below NTA.. doesnt end up a go... if can lockdown ur profit first.. 1.4x-1.5 is btter than fire sales later

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-11-22 01:49 | Report Abuse

Waah

Post a Comment
Market Buzz