"The major shareholder confirmed that there is a preliminary discussion with Lay Hong Bhd on the equity but however nothing has been finalised." ----- So can continue to "watch" this counter ....as it seems there's really something going on ..although not finalised...
Indeed a lot of japanese co interested in msia packaging co..as they are consider cheap in valuation sense..some they do takeover, while some collaborate for business.. In this case nh food has many packaging suppliers..there cld be synergies with what dnonce does -which is the food packaging biz.. So can "watch" this for any new developments.. Lay hong is a famous food(chicken) company..recall earlier QL fail in their hostile takeover , subsequently nh food japan buy in to lay hong..will lay hong take a stake in dnonce? Haha its still in negotiation stage..
Please read carefully, dnonce is not in food biz at all. dont listen stars nonsense, journalist took money from syndicate . syndicate have both layhong and dnonce. This is the way they sell stock to your.
Remember innofarm, holding of layhong, been buying so many stocks, Pesona. minetech., Yen and Greenpacket, OCR,SGB ( what happen? push up and dump )all these done by one person.
Ex Ingens ( now call MMAG). Utopia (now call xxx ), TMS (now call xxx ) all change name try to make retail or authority forget him.
He is using ppl share to get margin and to buy other share, chain holding, end up anything wrong, all PLC owner die. he will be flying away with handsome money.
This been used before by other syndicate, but time fly ppl tend to forget about Jeff and Rick, and this guy think he is so smart and using this new method, actually is old but so many naive plc owner never get smarted than before.
No capable ppl in authority to nail him or some may work with him, just make small money will do, dont all out, as remember he is damn greedy guy , you cant make his money.
Good luck to monitor, i guess some of here can be his ppl to encourage ppl buy and some are genuine investor. dont trust too much. all are con men in this world.
Yea time to test water on the warrant just done sapu plenty of units at 0.07 happy investing^^ predict the report out this mnth end will be turn green too:)
KUALA LUMPUR: Poultry company Lay Hong Bhd saw 10 million of its shares traded off-market at an average price of 78 sen each.
This was five sen below its Thursday closing price of 82 sen.
Stock market data showed that based on its paid-up of 608.75 million shares, the stake accounted for 1.64%.
At 11.12am, the share price was down 0.5 sen to 82 sen.
The FBM KLCI was up 4.77 points or 0.29% to 1,678.25. Turnover was 778.84 million shares valued at RM471.20mil. There were 321 gainers, 269 losers and 380 counters unchanged.
In late December, Lay Hong had expressed confidence in a significant rise in performance for the financial year ending March 31, 2019 (FY19).
This will be from a new joint-venture (JV) plant with Japan NH Foods Ltd (NHF) which is expected to start operations by 2018.
Work on the new plant in Kapar, Selangor, was slated to start in the first quarter of 2017
The plant under NHF Manufacturing Sdn Bhd (NHFM), a new JV company set up in May 2016, is set to produce 2,000 tonnes of processed food per month.
NHFM is 49% owned by Lay Hong and 51% by Japan NHF.
Where is it mentioned recently that Lay Hong is interested in Dnonce? This announcement was made late last year only. Currently no talks. Hope the said deal shall take off soon. Waiting in anticipation
"Notwithstanding the above challenges, the Group is confident that there would be turnaround in the profitability for the year ending 31st August 2017 due to the various strategies and actions that have been and will be taken during the period."
Not all, but a reasonable stake say 10- 15 percent in order for LH to have a control for the packaging. If NH, the Japanese JV takes a stake, it will be fantastic
Should be good. Last QR made PBT 1544M with NP 1073M. QoQ ~116% and YoY ~291%. Based on past record next QR will be released by 27th or 28th April. Trading theme at this moment seems to be on packaging....
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....
Josephine Ong
1,001 posts
Posted by Josephine Ong > 2016-03-11 15:07 | Report Abuse
volume increasing fast