Director's Particular: Name DR LOH YEE FEEI Details of Changes: Currency - Date of Change Type Number of Shares Price 15-Aug-2023 Acquired 200,000 0.400 Registered Name DR LOH YEE FEEI Nature of Interest Direct Interest Consideration RM 0.400 Date of Change Type Number of Shares Price 15-Aug-2023 Acquired 150,000 0.400 Registered Name LOH EE HENG Nature of Interest Indirect Interest Consideration RM0.400 Nature Interest Direct and Indirect Interest Shares Ordinary Shares Reason 1) Acquisition of 200,000 Ordinary Shares via open market transaction. 2) Acquisition of 150,000 Ordinary Shares by his son, Mr Loh Ee Heng via open market transaction. Deemed Interested pursuant to Section 8 of the Companies Act 2016. Consideration - Total no of securities after change: Direct (units) 3,333,000 Direct (%) 1.21 Indirect (units) 4,532,000 Indirect (%) 1.65 Total (units) 7,865,000 Total (%) 2.86 Date of Notice 15-Aug-2023
No news is good news. This counter is strongly undervalue. Now is at consolidation period... Once the weaker is out, it will be push back to 40sen. The asset (Factory & Land) is worth few times above its market cap.
SWSCAP last time is a takeover target of Eddie Ong. But after the BOD reject Eddie Ong proposal, Eddie Ong has quit and sold his share to MBL. Now MBL is largest shareholder. Everybody is waiting MBL's next step.
Wow... SWSCAP deliver a suprising result. Judge from the drop of the share price from 40sen to 20sen for the past 6 month, at first I thought the Q1'24 result must be very ugly, so I am estimating Revenue RM25mil, and Losses around RM7mil. Surprisingly the result is Revenue RM37mil (highest in the last 7 quarter), with a small profit after tax of RM200k.
Why choose SWSCAP:- 1) Solid business with solid asset (Factory in Northern & Southern). Furniture business and Plastic business are proper business. All they need is just to wait for the cycle. When raw material drop, or demand increase, you will see profit come it.
2) MBL acquired a lot of the share at higher price. Sure one day the share price will at least go back to MBL's purchase price.
3) Current market cap is very low, RM68 mil only. Its NTA have minimum RM150-RM200mil if take into account the revaluation of its property and land.
Why choose SWSCAP:- 1) Solid business with solid asset (Factory in Northern & Southern). Furniture business and Plastic business are proper business. All they need is just to wait for the cycle. When raw material drop, or demand increase, you will see profit come it.
2) MBL acquired a lot of the share at higher price. Sure one day the share price will at least go back to MBL's purchase price.
3) Current market cap is very low, RM68 mil only. Its NTA have minimum RM150-RM200mil if take into account the revaluation of its property and land.
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....
Lee Ying Yee
409 posts
Posted by Lee Ying Yee > 2023-07-13 15:43 | Report Abuse
200m become 2b ? biliion air? ?