SUNGEI BAGAN RUBBER CO (M) BHD

KLSE (MYR): SBAGAN (2569)

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Last Price

5.39

Today's Change

-0.01 (0.19%)

Day's Change

5.37 - 5.40

Trading Volume

52,900

Financial

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Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 51,060 40,643 39,950 32,080 35,775 18,851 14,086 12,241 14,193 12,296 11,079 11,097 15.28%
PBT 83,396 47,369 28,092 15,652 -19,740 44,715 -10,301 -2,739 6,466 -5,529 -1,706 4,407 22.82%
Tax -280 -1,578 -1,588 420 -208 -651 1,841 -3,923 -127 -574 -173 1,025 -
NP 83,116 45,791 26,504 16,072 -19,948 44,064 -8,460 -6,662 6,339 -6,103 -1,879 5,432 19.23%
-
NP to SH 83,116 45,791 26,504 16,072 -19,948 44,064 -8,460 -6,662 6,339 -6,103 -1,879 5,432 19.23%
-
Tax Rate 0.34% 3.33% 5.65% -2.68% - 1.46% - - 1.96% - - -23.26% -
Total Cost -32,056 -5,148 13,446 16,008 55,723 -25,213 22,546 18,903 7,854 18,399 12,958 5,665 10.07%
-
Net Worth 694,369 694,369 727,558 647,769 614,827 616,134 564,221 675,769 632,952 611,560 561,837 579,939 2.54%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div - - - - - - - - - - - - -
Div Payout % - - - - - - - - - - - - -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 694,369 694,369 727,558 647,769 614,827 616,134 564,221 675,769 632,952 611,560 561,837 579,939 2.54%
NOSH 66,175 66,175 66,337 66,337 66,337 66,337 66,337 66,332 66,332 66,332 66,332 66,332 0.00%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin 162.78% 112.67% 66.34% 50.10% -55.76% 233.75% -60.06% -54.42% 44.66% -49.63% -16.96% 48.95% -
ROE 11.97% 6.59% 3.64% 2.48% -3.24% 7.15% -1.50% -0.99% 1.00% -1.00% -0.33% 0.94% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 77.16 61.42 60.36 48.47 53.93 28.42 21.24 16.33 21.40 18.54 16.70 16.73 15.30%
EPS 125.60 69.20 40.05 24.26 -30.07 66.43 -12.75 -8.89 9.56 -9.20 -2.83 8.19 19.26%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 10.4929 10.4929 10.9933 9.7877 9.2682 9.2885 8.5059 9.0129 9.5421 9.2196 8.47 8.7429 2.57%
Adjusted Per Share Value based on latest NOSH - 66,175
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 54.85 43.66 42.92 34.46 38.43 20.25 15.13 13.15 15.25 13.21 11.90 11.92 15.28%
EPS 89.29 49.19 28.47 17.27 -21.43 47.34 -9.09 -7.16 6.81 -6.56 -2.02 5.84 19.22%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 7.4596 7.4596 7.8161 6.959 6.6051 6.6191 6.0614 7.2598 6.7998 6.57 6.0358 6.2303 2.54%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 30/09/24 30/09/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 5.90 5.90 6.31 3.25 3.37 3.00 2.49 2.81 3.30 2.98 2.95 3.12 -
P/RPS 7.65 9.61 10.45 6.70 6.25 10.56 11.73 17.21 15.42 16.08 17.66 18.65 -6.22%
P/EPS 4.70 8.53 15.76 13.38 -11.21 4.52 -19.52 -31.63 34.53 -32.39 -104.14 38.10 -9.33%
EY 21.29 11.73 6.35 7.47 -8.92 22.14 -5.12 -3.16 2.90 -3.09 -0.96 2.62 10.32%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.56 0.56 0.57 0.33 0.36 0.32 0.29 0.31 0.35 0.32 0.35 0.36 5.23%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 27/11/24 27/11/24 28/08/24 28/08/23 29/08/22 30/08/21 28/08/20 22/08/19 29/08/18 30/08/17 30/08/16 28/08/15 -
Price 5.50 5.50 6.00 3.36 3.20 3.03 2.50 3.05 3.20 3.26 3.01 2.95 -
P/RPS 7.13 8.96 9.94 6.93 5.93 10.66 11.77 18.68 14.96 17.59 18.02 17.63 -6.16%
P/EPS 4.38 7.95 14.98 13.84 -10.64 4.56 -19.60 -34.33 33.49 -35.43 -106.26 36.02 -9.28%
EY 22.84 12.58 6.67 7.23 -9.40 21.92 -5.10 -2.91 2.99 -2.82 -0.94 2.78 10.20%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.52 0.52 0.55 0.34 0.35 0.33 0.29 0.34 0.34 0.35 0.36 0.34 5.48%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
3 people like this. Showing 50 of 276 comments

Diamond7

Currently kuchai has not swapped it's shares with SBagan

Kuchai is still holding the GE shares
Can kuchai sell the shares to OCBC?

2024-06-29 15:05

dompeilee

Looks like by the time the deadline for the exchange arrives, Great Eastern would already be swallowed by OCBC & the original agreement has to be significantly amended to reflect the much enlarged cash pile & the corresponding reduction in the equity asset column.

2024-06-29 18:07

Zhlim014

@Dompeilee you mean the transaction between sbagan and kuchai will most likely go through?

2024-06-29 23:17

AhPek

Don't think Sg Bagan will allow OCBC to buy over GE shares from Kuchai. Already 90%+ of Kuchai's shareholders voted in favour of the resolution so there is no turning back unless there is another resolution to overrule the earlier resolution. I think OCBC needs to negotiate with Sg Bagan and not Kuchai. As it stands, Sg Bagan got the upper hand and not Kuchai. Just my opinion.

2024-06-30 01:11

AhPek

Very interesting development. Don't know how it's going to end up. Hope a win-win for both Kuchai and Sg Bagan shareholders.

2024-06-30 14:22

lionel messi

There must be a good reason why they pushed it so far forward to 29 Oct when the closing date to accept the OCBC offer is 12 July. Is there a hidden message? Read between the lines.

2024-06-30 21:04

Zhlim014

@lionel messi what is the hidden line?

2024-06-30 23:51

Zhlim014

You mean they will talk behind scene until 29 oct?

2024-07-01 21:59

AhPek

I think they will just let 12 Jul lapse. Drag on so that they will get more time to get a better offer from OCBC.

2024-07-02 14:43

AhPek

The major minorities shareholders of GE is fighting for a higher price from OCBC.

2024-07-02 14:46

AhPek

Seen the latest announcement?

2024-07-12 23:13

Diamond7

Oversea-Chinese Banking Corporation’s offer for Great Eastern Holdings G07 0.00% closed at 5.30pm on July 12. OCBC now holds 93.52% of GEH. On June 25, OCBC’s ownership crossed 90%. As a result, GEH shares will be suspended on Monday July 15.

Accordingly, the offer is no longer open for acceptance and any acceptances received after 5.30 p.m. (Singapore time) on 12 July 2024 will be rejected. However, shareholders who have not accepted the offer can still require the offeror to acquire their shares at the offer price pursuant to Section 215(3) of the Companies Act.

This says the transferee or offeror must, within one month from the date of the transfer, give notice to holders of the remaining shares that haven’t been tendered, that they can still tender their shares, and OCBC will have to accept them

2024-07-13 04:00

Diamond7

The date of transfer refers to the date on which OCBC’s shareholding crossed 90%, on June 25. On July 24, OCBC will likely be announcing that GEH shareholers can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.

OCBC group CEO Helen Wong unveiled a One Group strategy last year. GEH is likely to be part of that strategy. Interestingly, analysts have pointed out that OCBC doesn't charge GEH any bancassurance fees as these are not indicated in its annual report. In 2019, United Overseas Bank U11 0.03% and Prudential renewed a bancassurance agreement for 15 years for $1.5 billion over the course of the 15 years.

2024-07-13 04:03

AhPek

How will this exercise going to affect Kuchai and Sg Bagan's shareholders?

2024-07-13 10:55

Diamond7

GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months...

2024-07-13 17:27

AhPek

So this is actually very beneficial to Sg Bagan as Sg Bagan already executed the resolution.

2024-07-14 01:18

Diamond7

My guess is...

SBagan will sell the Great Eastern shares to OCBC within the 3 months after acquisition from Kuchai.

Deal with kuchai is still on going. Takes some time!

2024-07-14 12:07

Diamond7

50-50

All not sure if the great Eastern shares will be sold to OCBC or not!

2024-07-14 13:59

AhPek

The notice did not mention the ex-date for taking over the assets and liabilities of Kuchai. Even if Sg Bagan doesn't sell the GEH shares to OCBC, it's still a valuable shares to hold. For long term, I think Sg Bagan's share should fly.🤞

2024-07-14 20:48

Zhlim014

And kluang will fly together

2024-07-15 11:43

Zhlim014

Or maybe have takeover of sg bagan asset by kluang

2024-07-15 11:44

Diamond7

Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open
Earn dividends from shares that are suspended from trading and wait for a richer future offer

Leslie Yee
Leslie Yee
Published Tue, Jul 16, 2024 ·

2024-07-17 06:24

Diamond7

On July 24, OCBC will likely be announcing that GEH shareholders can still accept the offer at $25.60 per share and this offer will be open for three months from July 24.

There is still hope that after the kuchai SBagan swap deal...

SBagan can still sell the Great Eastern shares to OCBC within the three months

2024-07-21 16:09

dompeilee

Great Eastern, though suspended, has announced a fantastic set of results & an improved dividend of 45c per share payable in a month, so I believe the two sister companies should benefit.

2024-07-31 17:34

dompeilee

SOLD 1 lot @ $6.34 to secure my 992nd consecutive capital gain day since July 29th 2020!🤗

2024-08-01 10:03

calvintaneng

Poor dompeilei got tunnel vision
She CANNOT see Value in TSH RESOURCES

UNDERSTANDING DIFFERENT FORMS OF VALUE IN VALUE INVESTING, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-03-story-h-155170407-UNDERSTANDING_DIFFERENT_FORMS_OF_VALUE_IN_VALUE_INVESTING_Calvin_Tan

2024-08-03 00:41

Diamond7

KUALA LUMPUR (June 26): The cut-off date for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (KL:SBAGAN) in return for a 29.37% stake in Sungei Bagan has been extended by four months to October 29.

The two companies on Wednesday signed a supplemental letter for the extension, according to Kuchai and Sungei Bagan's filings with the stock exchange, which did not specify the reason for the extension.

2024-08-04 13:20

Diamond7

This swap benefits SBagan...
Time will tell!

2024-08-04 13:22

Ovantage

Delisted share maybe big problem for sg Bagan, I still holding shares of Ytl land, nstp just to name a few..no dividends even annual report for delisted Share holders.

2024-08-13 11:24

Ovantage

Hope this don’t happen to sbagan.. else it’s upto Ocbc to declare how much dividends to shareholders if any..

2024-08-13 11:25

Ovantage

Since not listed, can have flexibility to do anything they want

2024-08-13 11:26

AhPek

Sg Bagan got💪💪💪. Don't think OCBC can bully them.

2024-08-13 17:51

Ovantage

Don’t think so.. only 1 % holding in geh.. upto to people to fish meat.

2024-08-13 20:55

AhPek

The swap has been sealed. Just wait for the cut-off date. Good for Sg Bagan's shareholders.

2 months ago

multi530

wondering SBagan to sale Great Eastern or not.

2 months ago

multi530

if not, share price may be stand above RM6

2 months ago

AhPek

Hope they sell and distribute to shareholders.

2 months ago

Diamond7

I hope the great Eastern deal will go through too!
Let's wait patiently..!

Anyway
The swap with kuchai oso excellent!!!

2 months ago

Diamond7

Hopefully after this exercise
SBagan will have implement some cooperate exercise to energise this stock!

2 months ago

taitaumau

Ref. SB 4Q report (ending 30/6/24) released on 28/8/24
As in the past, GE shares are classified as investment under non-current assets.
So, may i assume that SB has no intention to dispose of the shares within 1 year ?
Any possibility that the shares be re-classified as current assets b4 auditor sign off his report ? ? ?

2 months ago

multi530

dont worry too much, Annual reports is going to announce soon, just watch out.

2 months ago

mf

IDF eliminates Hezbollah's Suhail Hussein Husseini, commander of terror group's headquarters
Story by JERUSALEM POST STAFF • 1h • 1 min read

2 months ago

Diamond7

What will happen to SBagan after the swap?
Will they sell the great Eastern shares to OCBC ?

2 months ago

Ahthau

Any dividend declare this few days ?

2 months ago

Diamond7

SBagan is cash rich!
Think the dividend yield will be good!

2 months ago

dompeilee

Disappointing dividend of 8c...less than 1.4% yield. My original stake already > DOUBLED so I'll hang on to as many shares as possible while awaiting my stake in Kuchai to give me more! Kuchai itself stands to receive $2.14 mil cash.

2 months ago

Diamond7

SINGAPORE (Oct 22): Great Eastern now has till Jan 24, 2025 to comply with the free float rule. The extension was announced on Monday, two days before the company’s previous deadline of Oct 23.

On Aug 2, Great Eastern said it had received approval from the Singapore Exchange Securities Trading that it had until Wednesday to explore options to restore its public float. The trading of shares in Great Eastern was suspended from 9am on July 15.

The company lost its free float on June 14, when offeror Oversea-Chinese Banking Corporation (OCBC) received 1.48 million shares — or 0.31% acceptances from shareholders — taking the bank’s total stake to 90.16%..

Still got HOPE!!!

1 month ago

Diamond7

SBagan
Sales on....

Will the Great Eastern OCBC deal go through?

1 week ago

Diamond7

https://www.businesstimes.com.sg/companies-markets/great-eastern-gets-further-extension-jan-24-explore-options-free-float-rule

1 week ago

Diamond7

Among the three musketeers
SBagan is most undervalue
It now owns all the kuchai assets including the Great Eastern shares!

Will SBagan declare a bigger dividend?
Or bonus issues?
Will it be privatised?

1 week ago

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