KUCHAI (2186) - Technical Indicators

Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍

2 months ago

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description (I) DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("DISPOSAL"); AND

(II) DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION AND REPAYMENT AND DIVIDEND-IN-SPECIE ("DISTRIBUTION")

(COLLECTIVELY, "PROPOSALS")
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024 and 10 October 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.

Reference is made to Section 4 of the Circular and the Company's announcement on 10 October 2024 in relation to the completion of the Disposal.

On behalf of the Board, RHB Investment Bank wishes to announce that, following the completion of the Disposal, an application was submitted to Bursa Securities on 11 October 2024 to seek the guidance of Bursa Securities on whether KDB is considered as a Cash Company under Paragraph 8.03 of the Listing Requirements.

The Company is currently pending a decision from Bursa Securities on the abovementioned matter.

This announcement is dated 11 October 2024

2 months ago

Considering both the 20c dividend AND the upcoming SBagan dividend in specie, the yield is an astounding 69.3% @ the current price of $2.16!

Lelong LELONG! By 11 Dec the price will almost surely be above $2.35!

2 months ago

What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?

2 months ago

I'm neither a lawyer nor a corporate M&A expert but doesn't the latest announcement imply that SBagan already owns all of Kuchai's former assets except its cash pile & its Semenyih land while the latter already owns 26.7 mil of the former's shares?

2 months ago

Oh, the deal already done? I thought they going to fix a date for the actual transfer.

2 months ago

Dividend in specie on 21-Nov-2024

216 per 1000

1 month ago

TheContrarian

Will Kuchai price adjust down after it goes ex-dividend? How much will it adjust down?

1 month ago

After adjustment, 1.40???

1 month ago

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1 month ago

TheContrarian

Posted by AhPek > 8 hours ago | Report Abuse

After adjustment, 1.40???

How do you calculate to get RM1.40?

1 month ago

Sorry. I think RM1.40 is the NTA not the adjusted price.

1 month ago

Sg Bagan =5.65
Kuchai =2.02
2.02-(5.65 ×0.216)=0.80

1 month ago

multi530

need to deduct dividend of 0.19 too?

1 month ago

TheContrarian

Dividend of 0.20 not 0.19, goes ex next month.

1 month ago

Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...

1 month ago

LittleKnife

anybody knows when do we receive the sbagan shares ?

1 month ago

zildjian

2/12

1 month ago

titita

dividend rm200 per 1000 shares pay on 2/12/24??

1 month ago

titita

such big "frog"? or just some gimmick...?
\

1 month ago

Will continue to up up till close to dividend date!!!

1 month ago

dompeilee

Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...

1 day ago

T + 1 only & already +17%😘

1 month ago

lohkinglun1

What is happening? will still receive RM0.2/unit? and the stock will change to sbagan share automatic??

1 month ago

taitaumau

My understandings, post distribution of SB shares and B4 x-dividend, the remaining assets held by KD(PN 16)
1. Cash (net) 84 M
2. Land 8 M
NOS123.7M. NTA 0.744.
Post x 0.20 dividend (12/12/24), NTA 0.544
Crediting date of SB shares: 2/12/24

1 month ago

lohkinglun1

SO if I have 1000 units. i will receive 216 units of Sbagan (Sbagan worth RM5.9/unit) on 2/12/24... if i keep Kuchai stock, i will get RM0.2/unit?

1 month ago

currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.

effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.

Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16

1 month ago

lohkinglun1

So the user bought at RM2+ will received some Sbagan share. while the guys bought atRM0.9 will only received RM0.2/ unit at dividends?

1 month ago

Refer here

https://theedgemalaysia.com/node/730172

4 weeks ago

T+2 UPPPP 38%! Beat any counter within these 2 days!!! 😘

4 weeks ago

paperplane

so the company intend to do what with empty shell now? interesting new ventures coming/?

4 weeks ago

zildjian

mana tau ocbc? great eastern ?

4 weeks ago

I think they diversify, they are investor in invesment fund, commodity, security and also land and property for rental. Currently they sell of the land to sbagan and become cash rich, so they may use the cash for venturing different invesment. It is sort of like Matrix Holding where they invest for you (Invesment holding company)

4 weeks ago

newbie5354_

Sifus if I buy Kuchai now Kuchai no more Great Eastern shares correct?

4 weeks ago

I think all was given to Sbagan, and left with mostly cash and some land. They basically cash rich company and plan for new investment method, so this will depends on their next action.

Kuchai is under Kluang Rubber, Sbagan is sister company

Main company is Nyalas Rubber Estate Limited in Singapore

4 weeks ago

paperplane

just hope this empty shell can be someone backdoor later, if good will fly.

3 weeks ago

At 93 cents
Worth buying?
How much cash is left after ex dividend of 20 cents?

3 weeks ago

Hope the cash rich empty shell will give another special dividend or return all the cash to the shareholders!

3 weeks ago

NTA 74 cent

3 weeks ago

20 cents dividend coming!

3 weeks ago

Vow!
Kuchai running up!
Hit RM1.00
20 cents dividend coming!

3 weeks ago

speakup

Kuchai very bullish

3 weeks ago

speakup

Kuchai back to 1.20?

2 weeks ago

@speakup
Congratulations!
Very bullish!

2 weeks ago