Posted by Simon_khoo > 2019-11-27 18:45 | Report Abuse

It will go back 14-15c level in the next 6-9 months, provided PBT/PAT remained strong

Posted by Simon_khoo > 2019-11-27 18:46 | Report Abuse

DBE was 14.5c in 2012 when the company was still making loss...

Posted by prc4wifefe > 2019-11-28 14:11 | Report Abuse

the impact of chicken biz loss will be minimized

Posted by prc4wifefe > 2019-11-28 14:12 | Report Abuse

i can't see the Doh's will be satisgied with seeing their golden goose at 15cents....50 cents maybe

Posted by prc4wifefe > 2019-11-28 14:13 | Report Abuse

to achieved they hv to i ject some of their many asset in Setia Awan

Posted by EricHoe > 2019-11-28 14:15 | Report Abuse

no understand if u see latest report is a very profit company y the share price can't hardly move

Posted by prc4wifefe > 2019-11-28 14:25 | Report Abuse

market sentiment and DBE need to show consecutive quarters

Posted by prc4wifefe > 2019-11-28 14:26 | Report Abuse

this is 1st Q with positive

Posted by prc4wifefe > 2019-11-28 16:16 | Report Abuse

RUNNNNNNNNNNNN!!!!

Posted by prc4wifefe > 2019-11-28 16:16 | Report Abuse

https://www.theedgemarkets.com/article/dbe-gurneys-behindthescenes-transformation-property-company

Posted by Wow123 > 2019-11-28 18:11 | Report Abuse

Doh family profile quite established developer in Perak

Posted by NSKNSKNSK > 2019-11-29 00:06 | Report Abuse

OVER the last two years, Perak-based poultry company DBE Gurney Resources Bhd has been slowly transformed into a property developer.

Founded by the Ding family, the company charged onto the real estate scene in February last year, three months after Doh Properties Holdings Sdn Bhd surfaced as its major shareholder.

Doh Properties is the vehicle of the Doh brothers — Datuk Doh Jee Chai, Datuk Marcus Doh Tee Leong and Datuk Jimmy Doh Jee Ming — who are the sons of Datuk Doh Neng Chiong, a prominent Sitiawan businessman.

The Doh family, well known among Sitiawan folk, has played a major role in shaping and developing the property sector there.

When they emerged in DBE Gurney, speculation was rife that the Doh brothers were mounting a hostile takeover of the poultry company and that they would oust the Ding family.

DBE Gurney was also rumoured to be looking to hive off its traditional poultry business back to the Ding family as the Dohs intended to transform the listed vehicle into a pure property play.

When contacted by The Edge February last year, group managing director Datuk Alex Ding Seng Huat dismissed the speculation, saying that his family did not have plans to exit DBE Gurney or to buy back the poultry business.

But as the saying goes, what was meant to happen will happen. Or at the very least, the beginnings are already apparent.

Last month, it was announced that Alex would buy a 51% controlling stake in six wholly-owned subsidiaries of DBE Gurney for a combined RM32.58 million cash.

These business units, namely DBE Poultry Sdn Bhd, DBE Breeding Sdn Bhd, DBE Hatchery Sdn Bhd, DBE Marketing Sdn Bhd, DBE Food Processing Industries Sdn Bhd and DBE Gurney Chicken Sdn Bhd, are essentially the group’s poultry businesses.

Interestingly, Alex has granted a put option to DBE Gurney to sell all or part of the remaining 49% stake in the six companies at a total exercise price of up to RM9.8 million. Likewise, DBE Gurney has also granted a call option to Alex to acquire all or part of the option shares at the exercise price.

In other words, if the put option or call option is fully exercised, DBE Gurney will no longer be involved in the poultry business.

So, what’s next for DBE Gurney?

Easing the burden

Alex acknowledges that DBE Gurney will be focusing more on the property business, which is currently spearheaded by the Doh family.

“I will be buying back the poultry business, and if everything goes well, the listed entity will become a pure property company,” he tells The Edge over the phone.

For perspective, DBE Gurney’s poultry division is still bleeding red ink, whereas its property division is profit-making.

While the poultry business remains the main revenue contributor, it suffered a loss before tax of RM42.57 million in the financial year ended Dec 31, 2018 (FY2018).

In comparison, its property development division reported a profit before tax of RM4.52 million.

At the group level, DBE Gurney registered a net loss of RM27.8 million on revenue of RM108.23 million last year.

“Since our property division is doing well, why don’t we get the listed company to focus more on that?” says Alex.

“Poultry business is quite challenging, so DBE Gurney intends to offload half of its shares [in poultry subsidiaries] back to my family. By doing that, we can ease the burden of the listed entity. We don’t want the poultry business to drag the group’s performance.”

He says DBE Gurney’s poultry business faces challenges such as rising production costs and higher commodity prices. As such, he believes the group should sell it while there is value. “The listed company will still retain a 49% stake in the poultry subsidiaries, but it might be disposed of at a later stage. Eventually, the listed entity will be a pure property firm. Ideally, that’s our plan.”

It is worth noting that the RM32.58 million consideration comprises a disposal consideration of RM10.2 million and settlement of RM22.38 million owing from DBE Poultry to DBE Gurney.

The group is expected to record a pro forma gain of RM457,070, arising from the proposed disposal.

‘All shareholders could benefit’

It is noteworthy that DBE stands for Ding Brothers Enterprise, a company founded by its former chairman Datuk Ding Chong Chow and his brother Ding Choon Yung in 1986.

The emergence of Doh Properties at DBE Gurney has diluted the shareholding of the Ding family, whose members, including Alex — Choon Yung’s son — have since ceased to be substantial shareholders.

Despite ongoing speculation that the Ding family was “ambushed” by the Doh family and a Singaporean fund, Alex insists that the takeover was never hostile.


https://www.theedgemarkets.com/article/dbe-gurneys-behindthescenes-transformation-property-company

Posted by prc4wifefe > 2019-11-29 09:52 | Report Abuse

basically Ding now is investing back in DBE by buying 51% of chicken biz

Posted by prc4wifefe > 2019-11-29 09:53 | Report Abuse

Dohs sound like a dumb name but shrewd biz ppl

Posted by prc4wifefe > 2019-12-01 01:08 | Report Abuse

RUÑNNNN NN

Posted by Wow123 > 2019-12-02 09:07 | Report Abuse

big volume

Posted by Wow123 > 2019-12-02 09:11 | Report Abuse

PN17 not possible at this moment

Posted by prc4wifefe > 2019-12-02 13:44 | Report Abuse

their website also revamped already :-)

Posted by prc4wifefe > 2019-12-02 13:44 | Report Abuse

https://setiaawan.com/

Posted by prc4wifefe > 2019-12-02 13:45 | Report Abuse

setiaawan.com

Posted by NSKNSKNSK > 2019-12-02 14:05 | Report Abuse

today dapat gaji. will q to buy another 1000 lot@ RM 0.03 = RM 3k.

Posted by Simon_khoo > 2019-12-02 16:33 | Report Abuse

Coming ...

Posted by Simon_khoo > 2019-12-02 16:35 | Report Abuse

Looks like someone is giving the operator to collect @ 0.03

Posted by NSKNSKNSK > 2019-12-02 18:39 | Report Abuse

Trading Volume For The Past 21 Days

02/12/2019 18,133,500
29/11/2019 7,346,100
28/11/2019 5,930,000
27/11/2019 2,625,300
26/11/2019 1,868,500 <== quarters report release
25/11/2019 3,064,100
22/11/2019 2,198,100
21/11/2019 120,000
20/11/2019 370,000
19/11/2019 250,000
18/11/2019 135,000
15/11/2019 104,500
14/11/2019 210,000
13/11/2019 100
12/11/2019 14,000
11/11/2019 0
08/11/2019 600,000
07/11/2019 0
06/11/2019 200,000
05/11/2019 30,000
04/11/2019 490,000

Posted by Wow123 > 2019-12-02 22:04 | Report Abuse

someone is collecting and to take over from DBE change new ownership ended era Ding family to Doh family era. new chapter

Posted by Wow123 > 2019-12-02 22:07 | Report Abuse

lowest property share @3sen with profit , soon @20sen maybe

Posted by prc4wifefe > 2019-12-04 08:27 | Report Abuse

RUNNNNÑNNNNNNNNM

Posted by Simon_khoo > 2019-12-04 18:41 | Report Abuse

Announcement:
Ding sold off his entire shareholding in DBE on 2/12/19. Officially, this is a property stock....

Time to cruise!

Cheers

Posted by Wow123 > 2019-12-04 21:18 | Report Abuse

soon change name DBE to .......... bye DBE

Posted by newkid > 2019-12-04 23:47 | Report Abuse

Last batch of Ding shares finally was force sell off. Now Doh n Spore fund will start their game soon, get ready for the most powerful rally show on this counter!!!!!!!

Posted by Wow123 > 2019-12-05 08:54 | Report Abuse

finally ended Ding family era

Posted by Simon_khoo > 2019-12-05 14:01 | Report Abuse

The interesting part is who’s the 130m buyer?

Posted by Wow123 > 2019-12-05 21:27 | Report Abuse

I guess doh family holding more than 70% share

Posted by newkid > 2019-12-05 21:42 | Report Abuse

After 2 years waiting n waiting ,at last all pledge shares of Satha n Ding gangs were forced sell off by banks. Now DBE shares should be controlled by doh n spore fund..... for sure they will push up 300 -400% soon.,

Posted by Simon_khoo > 2019-12-05 23:27 | Report Abuse

Stays tuned!

Posted by Simon_khoo > 2019-12-05 23:28 | Report Abuse

From now to the next Quarter results, sure pecut!

Posted by Simon_khoo > 2019-12-05 23:37 | Report Abuse

Hopefully CNY big ang pow from Doh family....

Posted by Wow123 > 2019-12-06 08:58 | Report Abuse

20 sen will do just nice for big angpow

Posted by Wow123 > 2019-12-06 09:02 | Report Abuse

yes , bought it 2.5 sen@50 lot this morning

Posted by Victor Yong > 2019-12-09 21:35 | Report Abuse

Becoming property stock, Price/Book Value = 2.5sen/2sen=1.25 times, mahal bagi property stock, bukan? :)

Posted by Victor Yong > 2019-12-09 21:37 | Report Abuse

unless the Doh family wanted to take it private, pricey at 2.5sen :) so many property stocks with better profit and lower P/B :)

Posted by limsonic > 2019-12-10 09:26 | Report Abuse

consolidate soon

Posted by Wow123 > 2019-12-10 12:51 | Report Abuse

maybe 10 : 1

Posted by prc4wifefe > 2019-12-10 21:51 | Report Abuse

strategy consolidate then major shareholder baru buy...not other way around

Posted by Simon_khoo > 2019-12-11 09:18 | Report Abuse

Brewing

Posted by Wow123 > 2019-12-11 10:26 | Report Abuse

anytime kick start

Posted by Simon_khoo > 2019-12-11 12:59 | Report Abuse

Afternoon session showtime

Posted by bestoobest > 2019-12-11 13:37 | Report Abuse

what type of show time

Posted by prc4wifefe > 2019-12-12 08:05 | Report Abuse

gostan action

Posted by Lucky DBE > 2019-12-12 14:05 | Report Abuse

Shhhhh......already started