KUCHAI DEVELOPMENT BHD
KLSE (MYR): KUCHAI (2186)
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Last Price
2.06
Today's Change
0.00 (0.00%)
Day's Change
2.06 - 2.08
Trading Volume
195,000
Analysis
Technical Analysis
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Simple Moving Average
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Exponential Moving Average
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Relative Strength Index
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Percentage Price Oscillator
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
William %R
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Moving Average Convergence-Divergence
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Money Flow Index
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
Stochastic Oscillator
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Rate of Change
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Discussions
4 people like this. Showing 50 of 1,007 comments
TRIPLE Jackpot for me! Great Eastern bought last yr Mar for S$17.52☝ Kuchai bought 64 lots since 2022 @ $1.78 avg incl margin interest✌ & SBagan bought 10 lots since 2015 @ $3.11 avg!💰💰💰
2024-05-10 15:08
Averaged UP @ 2.08 just now. As a point of interest, Kuchai's holdings in Great Eastern @ the takeover price alone is worth 2.13, not including the 66-68c in cash per shr once the latter's dividend is credited & disregarding all the other assets(Emerald Hill S'pore shophouse & 8 ha Semenyih land)
2024-05-10 15:59
anyone have the details for the following? kindly share.
from The Edge Malaysia Weekly : "Kuchai shareholders missed out on bonanza by a mere two days "
2024-05-11 08:10
I'm disappointed by the CAP AYAM standard of the Edge's articles(which is why I have refused to buy a single copy of their publications since 2016...crammed with dvmb ads!) The shareholders' approval was given 4 days ago BUT the deal needs to wait until 3Q '24 to be completed. There's still room for adjustments since the OCBC takeover could be completed b4 then so the 188 mil equities specified in the original deal could turn into 263.9 mil CASH which is a significant difference from the balance sheet position when the deal was entered into. Furthermore, many minority Great Eastern holders are dissatisfied that the deal is proposed @ 0.8 X the fair value of the biz, so the offer could potentially go UP ! OCBC failed to take it over in 2004 & 2006 so I doubt they won't raise the bid just to get it RIGHT this time...
2024-05-11 11:31
How will Kuchai shareholders benefit from this deal? Will they miss out completely after the recent EGM?
2024-05-13 17:13
Like I said, the transfers of ownership have presumably not yet been executed as the EGM approval has to precede it & that approval was only obtained 6 days ago. The latest dividend from 3.032 million GEastern shrs will be credited to Kuchai, NOT SBagan.
2024-05-13 17:17
Whether the deal could go through would not matter much.
Through the various proposals from the holding and associated companies, we can visualize how valuable and precious the assets are owned by Kuchai !!!
In other words, the share price might not have reflected its intrinsic value which only the insiders can know before the revaluations.
2024-05-14 07:29
dompeilee
Averaged UP @ 2.08 just now. As a point of interest, Kuchai's holdings in Great Eastern @ the takeover price alone is worth 2.13, not including the 66-68c in cash per shr once the latter's dividend is credited & disregarding all the other assets(Emerald Hill S'pore shophouse & 8 ha Semenyih land)
3 days ago
Took some contra profit on Kuchai @ 2.30-2.35
2024-05-14 09:27
Kuchai Development, will distribute the Sg Bagan shares to shareholders . It will distribute the shares on the basis of 222 Sg Bagan shares for every 1,000 Kuchai Development shares held.
2024-05-26 19:11
That's why the Edge is dvmb...cap ayam reporting...this deal is not a win-lose deal: it's win-win for both companies.If SBagan continues to rise, Kuchai shareholders will get MORE so the OCBC takeover benefits both enormously!
2024-05-27 06:56
I think coming from the angle that Kuchai could have gotten more. Is there any possibility of adjustment or go around certain conditions to what was agreed at the EGM so that Kuchai will get a fairer deal?
2024-05-27 08:30
Sg Bagan will take over all assets and liabilities of Kuchai. All benefits are going to Sg Bagan. Kuchai is just a shell company. Might as well buy Sg Bagan in the open market rather than wait for that 222 shares.
2024-05-27 10:53
Great Eastern closes UP 73c on the SGX on fairly high vol of 165,100 shrs, nearly 3% above OCBC's offer. This can only be good for both Kuchai & SBagan as they are unlikely to need to accept the bid & can keep the viable option to sell on the open market instead.
2024-05-27 17:08
Can Kuchai's shareholders still negotiate for a better deal from Sg Bagan after they have voted for the resolution?
Extending the date will not make any difference to the resolution. .
2024-06-28 15:51
Kuchai is still holding the GE shares
Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???
2024-06-29 15:07
Based on the approved resolution, Sg Bagan will definitely take over the assets and liabilities of Kuchai first before they will sell their GE shares to OCBC. I don't think Sg Bagan will allow Kuchai to sell direct to OCBC.
2024-06-30 00:28
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months
2024-07-13 17:41
After the swap with SBagan
Kuchai will be a cash rich shell company!
Will SBagan be privatise after the swap?????
3 weeks ago
Transfer of assets & SBagan shares finalized! Now just waiting for ex-date for 0.222 SBagan shares in exchange for each Kuchai share to be fixed...
3 weeks ago
@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up
Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!
3 weeks ago
Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍
3 weeks 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
3 weeks 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!
3 weeks ago
What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?
3 weeks 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?
3 weeks ago
Oh, the deal already done? I thought they going to fix a date for the actual transfer.
3 weeks ago
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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....
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2024-05-07 17:51