Posted by The One • > 2016-09-08 21:37 | Report Abuse

Hmm.. my curiosity on the costly deal finally revealed. But me believe many people still holding (chased at high prices) and confident the price will shoot up again.. perhaps close to 1.45 hmm. Well.. gudluck ya..

Posted by perseushermes > 2016-09-09 09:15 | Report Abuse

Based on my thoughts, this will be around here till T4
All contra out, then it will spurt

If I am a new buyer at 1.45 for the block, I will be stupid to continue buying at above 1.45
I will mop up at below 1.00., till I get almost 32% under 1.45
Then GO, 1.45 or less

Posted by greatful > 2016-09-09 09:16 | Report Abuse

ok, then i would say well done xD

Posted by yinyin99 > 2016-09-09 09:19 | Report Abuse

1.01 now

Posted by claye > 2016-09-09 09:26 | Report Abuse

huge wall @1.02

Posted by ctquay600305 > 2016-09-09 09:36 | Report Abuse

run....

Posted by PlsGiveBonus > 2016-09-09 10:08 | Report Abuse

1.02 resistance

Posted by kakashit > 2016-09-09 10:23 | Report Abuse

欢迎韩国仔加入，为E-commerce物流创新机

Posted by ongmari > 2016-09-09 11:14 | Report Abuse

if price don adjust up to rm 1 next week, then 90 will appear

Posted by kellysgk > 2016-09-09 12:49 | Report Abuse

Now still can buy ma?

Posted by valuelurker > 2016-09-09 13:01 | Report Abuse

ceteris paribus, a price higher than market, the buyers see more value in the firm than the market...if lower price, then you need to worry ;)

Posted by PlsGiveBonus > 2016-09-09 13:25 | Report Abuse

Overvalued?

Posted by limkh > 2016-09-09 17:22 | Report Abuse

Will new shareholders change dividend policy?

Posted by T1T4N > 2016-09-09 18:41 | Report Abuse

http://www.businesskorea.co.kr/english/news/industry/15815-strong-presence-malaysia-cj-korea-express-acquires-malaysia%E2%80%99s-2nd-largest

Korea Ambasaddor Witness the signing.
Anything below rm1 is a steal. Last call!

Posted by eric_b7b > 2016-09-09 19:03 | Report Abuse

lol T1T4N, last call for loss?

Posted by Ah Hooi > 2016-09-09 20:32 | Report Abuse

any update on this share? should hold or =.=

Posted by Eric Fong > 2016-09-13 15:46 | Report Abuse

For me i think i will hold and wait to see first...observation mode now..

Posted by Eric Fong > 2016-09-13 15:50 | Report Abuse

But if got fund can buy some first.

Founder sold it maybe coz of
1) EPS dropping year to year
2) Selling price is Rm1.45 to Korean that can make him and family retired

Can buy coz Korean can make the company E-commerce hub in the region and share technical transfer / customer based / operation based / company asset from both company.

Posted by Eric Fong > 2016-09-13 15:51 | Report Abuse

Korean buy it higher price means they see a good future in company operations.
Otherwise they can buy it from Open market that is lower price.

Posted by xxenoxx1987 > 2016-09-14 09:34 | Report Abuse

Really?

Posted by Koreanstar > 2016-09-14 10:02 | Report Abuse

Possibility of general offer if the Korean increase their share holding to more than 33.33 %.

Posted by dragon64 > 2016-09-14 10:14 | Report Abuse

Agreed with Eric. Korean is not stupid people & sure that they've foreseen a good opportunity of business growing, else they weren't pay for that share price (1.45) .......

Posted by KLCI King > 2016-09-14 11:33 | Report Abuse

Still got believer? My company has been dealing with so many Koreans, they will try to spend RM10 for things worth RM30.

Posted by yinyin99 > 2016-09-14 14:50 | Report Abuse

coming back

Posted by yinyin99 > 2016-09-14 14:50 | Report Abuse

today 1.00

Posted by Rex Ang > 2016-09-14 14:56 | Report Abuse

Go go go

Posted by yinyin99 > 2016-09-14 15:03 | Report Abuse

0.96 now

Posted by yinyin99 > 2016-09-14 15:05 | Report Abuse

Korean going to take over at 1.45

Posted by yinyin99 > 2016-09-14 15:05 | Report Abuse

Buy before too late

Posted by yinyin99 > 2016-09-14 15:06 | Report Abuse

another suspension soon.

Posted by wannabeinvestor > 2016-09-14 16:34 | Report Abuse

lol...drama drama..

Posted by valuelurker > 2016-09-14 16:45 | Report Abuse

Sell la...korean investor comes in...they just need to control the company with 31%, then work Century to the ground and in years to come will have very low profits, then strip it of all its value because USD $43.17mil is peanuts for them

Posted by bagan > 2016-09-14 16:51 | Report Abuse

there is huge opportunity in internet business, see how poslaju business transformed and making tonnes of money out of courier business. this koreans they are looking at regional growth, asean. the japanese are already in, now its their turn...

Posted by dragon64 > 2016-09-15 13:37 | Report Abuse

Can today breach 1.00 ??

Posted by kt99 > 2016-09-19 13:40 | Report Abuse

mau breach 90

Posted by Jay > 2016-09-20 16:06 | Report Abuse

what the Koreans pay is just a guide. that say, they are in for the long term and in their valuation they would have embedded in value for controlling the company and the synergies to their own operations elsewhere, neither of which are applicable to retail investors, so we shouldn't benchmark ourselves to them. the company financials in recent quarters doesn't look good and valuation also not cheap. the only reason you should buy this counter is if you believe that the financials will improve, which won't happen overnight but for medium to long term

Posted by Jay > 2016-09-20 16:10 | Report Abuse

and please stop misleading people by saying koreans will takeover the company at 1.45. it is obvious that the deal is structured to avoid the MGO trigger. based on the revised takeover code by SC, SC has the discretion to order a MGO if it's borderline 33% and after taking into account other factors. but any competent lawyer would also insert a breakout clause in the S&P in case a MGO is required, so it is very highly unlikely

Posted by lanciao > 2016-09-20 18:15 | Report Abuse

Sikit sikit turun mati

Posted by Eric Fong > 2016-09-21 00:57 | Report Abuse

Agree with you Jay

Posted by belkg > 2016-09-22 17:25 | Report Abuse

i don't think the deal is on.see the volume and movement.it going back to 87

Posted by belkg > 2016-09-22 17:40 | Report Abuse

the true story is just gv fake news.in future u hear of any announcement
fm these people u know what to do

Posted by Lim123 > 2016-09-22 20:28 | Report Abuse

i believe deal will on. They are appear in media few week ago and take picture together. Big company, the reputation is important ,face important le. Ma look at FA lo. If have confidence on future prospect then ma start accumulate.

Posted by R40s > 2016-09-23 10:02 | Report Abuse

The deal is on. See the announcement on 8.9.2016, the deal is expected to be completed on 31 October 2016. See also the announcements on 9.9.2016, Datuk Phua and his other partners have ceased to be Century's substantial shareholders...

Posted by R40s > 2016-09-23 10:22 | Report Abuse

Could it be accumulation of more shares by somebody (or some parties?) ahead of deal's SPA? The current prices stay above the past 1 year's high (closed prices), it looks like at strong support level.

One point we should take note, the MD, Datuk Phua's nephew, Mr. Steven Teow has no intention to sell off his shares, and will remain as the MD after the Korean's M&A...

http://www.thestar.com.my/business/business-news/2016/09/12/century-logistics-md-to-stay-on/

Posted by R40s > 2016-09-23 10:34 | Report Abuse

The Star's news on 12.9.2016 above has reported this statement by CJ-Korea's VP:

"CJ Korea, a unit of South Korea’s biggest public-listed logistics provider CJ Korea Express Corp, said the group viewed Century Logistics as the perfect fit for it to achieve its goal of becoming a dominant player in Malaysia.

Century Logistics, on the hand, would be able to leverage on CJ Korea’s strengths, including its technology systems and solutions.

“We can leverage on Century Logistics’ strong local customer base. We are now operating a parcel delivery service but it is still in its infancy. As we see e-commerce growing, we would like to focus on parcel delivery,” CJ Korea’s vice-president for the strategy planning division, Ahn Jaeho, told the press earlier.

“We would like to strengthen and expand the parcel delivery service to become a major player in Malaysia,” he added."

Posted by R40s > 2016-09-23 10:45 | Report Abuse

So we should focus on Century's mid to long-term growth prospects after merger with CJK, who intend to transform Century into a major player of express parcel delivery in this region.

Apparently, CJK has chosen Century as their new partner and as the hub in this region, because of Century's new Document Management Services and it's new Multilevel Warehouse in Klang, ready for operations in 2017 next year. This new warehouse is big enough to fit their e-commerce / parcel delivery business growth plans perfectly.

Posted by wannabeinvestor > 2016-09-23 15:59 | Report Abuse

today century drama again...lol

Posted by jonatlau79 > 2016-09-30 15:59 | Report Abuse

Buy Again 915

Posted by Annetan > 2016-09-30 22:55 | Report Abuse

It was stated in the announcement the deal is based on conditions in the agreemet.However I couldn't find what were the conditions for the deal.Does anyone know?

Posted by Ah Hai Jai > 2016-10-06 11:24 | Report Abuse

Understand from Klang logistics companies, business slow down alot.. singapore Import/export down for many Quarters.
Next year will be worst. they had close down lots of logistic offices at port klang and bukit tinggi/nearby.

Still in downtrend.. Century continuously 3 Q results downtrend, think will down 20% more.