Thanks for the heads up kinuxian... It is true that some vacination wear gloves...some are not.... Let us continue to watch out if glove is part of the ppe in the early of mass covid vacination.. if not... Then we need to time our exit...
Not sure what to think of this merger with UEM. For me looks ok but the price offer is too low at only 0.3x NTA. Eventhough it is called a merger, I would look at it as if UEM Sunrise is buying EcoWld. The total value of the merger to EcoWld is actually 48 sens ( EcoWld can pay 2 sens dividend and the swap ratio would still be the same).
This has been done before when UEM Land "merge" with Sunrise Berhad back in 2010. The value put to Sunrise was RM2.80. The final agreement however provided minority of Sunrise to opt for cash (in the from of RCPS. basically deferred payment) in the same amount if they do not want to participate in the new merge entity. I would assume any final agreement between UEMSunrise and Ecowld would be in the same form as well.
FYI, when the final announcement was made though the share price of Sunrise actually went up a lot more that the offer price ( https://www.theedgemarkets.com/article/sunrise-surges-278-proposed-merger ). Hope it will happen as well for Ecowld if the deal happens. If not, i am actually ok with it. Last quarter result, if you exclude the RM65mil impairment (i assume on Penang completed properties) the profit would have been around RM79mil instead of the reported RM14mil. Sales in the last quarter of FY20 is actually better than 3Q20.
Eco aggressive moving forward without using brain. Management and staff are professional. It's just lack of strategic planning. Boss just want to quickly wrap up the gift box and sell. Now nobody wants gift box due to poor economy. Boss sells the company.
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....
apalumau
2,192 posts
Posted by apalumau > 2020-10-20 10:15 | Report Abuse
@raja. 鬼佬凉茶嘛,下火。尤其是在贱世蹲的朋友们!!!