OVERSEA ENTERPRISE BERHAD
KLSE (MYR): OVERSEA (0153)
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2 people like this. Showing 50 of 865 comments
Jika Tan Sri Tan King Tai @ Tan Khoon Hai ataupun Benson mati macam eddie, kira karma haha
2024-05-24 09:03
AWARD & RECOGNITIONS
Throughout the years, the Group have received many awards and recognitions, which include, amongst others, “Asia’s Finest Restaurants”, “Greatest Table in Kuala Lumpur” and “Winner of World Gold Kitchen Cooking Grand Competition”. Other international recognition includes accolades such as “International Restaurant of Chinese Cuisine” awarded by “The World Chinese Cuisine Association”. In April 2017, the Company was accorded the Honesty Enterprise Category winner of The Asia Pacific International Honesty Enterprise - The 15th Asia Pacific International Honesty Keris Award 2017 for its outstanding achievement in the F&B industry which demonstrates honesty and integrity in their daily business dealings.
http://ir2.chartnexus.com/oversea/awards.php
2024-05-24 09:48
makin banyak outlet, serius ka?
OUR OUTLETS
Thank you for your kind interest in our restaurant.
You are welcome to contact our outlet’s number as below for enquiry and/or reservation:-
Restaurant Oversea (SKYPLAZA Genting Highlands)
Restaurant Oversea Imbi
Restaurant Oversea Bandar Baru Sri Petaling
Restaurant Oversea Ipoh (Jalan Seenivasagam)
Restaurant Oversea Ipoh (Jalan Datoh)
Restaurant Oversea 1 Utama
Restaurant Seafood KL
https://oversea.com.my/reservation/
2024-05-24 09:50
makin banyak outlet, serius ka?
OUR OUTLETS
Thank you for your kind interest in our restaurant.
You are welcome to contact our outlet’s number as below for enquiry and/or reservation:-
Restaurant Oversea (SKYPLAZA Genting Highlands)
Restaurant Oversea Imbi
Restaurant Oversea Bandar Baru Sri Petaling
Restaurant Oversea Ipoh (Jalan Seenivasagam)
Restaurant Oversea Ipoh (Jalan Datoh)
Restaurant Oversea 1 Utama
Restaurant Seafood KL
www.oversea.com.my/reservation/
2024-05-24 09:51
makin banyak outlet, serius ka?
OUR OUTLETS
Thank you for your kind interest in our restaurant.
You are welcome to contact our outlet’s number as below for enquiry and/or reservation:-
Restaurant Oversea (SKYPLAZA Genting Highlands)
Restaurant Oversea Imbi
Restaurant Oversea Bandar Baru Sri Petaling
Restaurant Oversea Ipoh (Jalan Seenivasagam)
Restaurant Oversea Ipoh (Jalan Datoh)
Restaurant Oversea 1 Utama
Restaurant Seafood KL
# www.oversea.com.my/reservation/
2024-05-24 09:51
Statement of financial position
As at 31 December 2023, total equity attributable to owners of the Company stood at RM138.6
million compared to RM75.4 million as of 31 March 2023.
Share capital increased from RM87.1 million to RM155.1 million due to the right issue exercise
with the issuance of 1,133,069,933 new share.
The increase in property, plant and equipment is mainly due to acquisition of new wholly own
subsidiary company, Nexus Excellent Sdn Bhd.
Statement of cash flow
Net cash for operations of the Group was RM4.3 million for the period ended 31 December
2023 against net cash for operations of RM1.1 million for the corresponding period in 2022.
Net cash for investing activities of the Group was RM27.5 million for the period ended 31
December 2023 against net cash for investing of approximately RM12.5 million due to capital
expenditure for existing and new restaurants, increase in investment and acquisition of
subsidiary.
Net cash from financing activities was RM63.4 million for period ended 31 December 2023, as
compared to net cash for financing activities RM2.8 million for the corresponding period ended
in 2022 due to the right issue exercise.
2024-05-24 10:15
The Group recorded revenue of RM13.3 million for the quarter ended 31 December 2023 as
compared to RM9.2 million in the quarter ended 31 December 2022 mainly due to higher
overall sales volume achieved in the current quarter under restaurant segment.
2024-05-24 10:16
macam selepas kematian eddie baru betul2 buat biz hahaha
Prospects
The Group remain focused in upgrading its restaurant facilities as well as new expansions of outlets
by incorporating technological advancements to improve the Group’s competitiveness as well as to
meet different needs of the customers.
The Group remains committed to focus on the business growth and bearing any unforeseen
circumstances, we are cautiously optimistic to deliver positive earnings in the future. The Group will
continue manage the cost during its expansionary exercise.
2024-05-24 10:18
Private Placement – 30%
On 28 July 2021, the Company proposed to undertake the following:-
(i) Proposed Private Placement of up to 396,384,000 new ordinary shares, representing thirty
percent (30%) of the total number of issued shares of the Company (“Placement Shares”).
(ii) Proposed renounceable rights issue of up to 1,717,664,991 new Shares (“Rights Shares”)
together with up to 572,554,997 free detachable warrants in the Company (“Warrants B”) on
the basis of 3 Rights Shares together with 1 free Warrants B for every 3 existing Shares held
by the entitled shareholders on an entitlement date to be determined.
With the completion of the Private Placement 30% on 18 November 2021, the Company raised a
total proceed of RM19.30 million.
On 30 November 2023, The Company has announced to extend time frame of fund utilisation for
Private Placement 30% for another 12 months period from 18 November 2023 (original expiry
date) to 17 November 2024 (Revised Time Frame).
2024-05-24 10:19
Right Issue
On 28 July 2023, the Company had circulated the Abridged Prospectus in relation to the proposed
renounceable right issue of up to 1,583,196,991 new ordinary shares at an issue price of RM0.06
each together with up to 527,732,330 free detachable warrant B for every 3 existing shares held
by the entitled shareholders.
The Rights Issue with Warrants has been completed following the listing and quotation of
1,133,069,933 Rights Shares, 377,689,939 Warrants B and 159,330,537 additional Warrants A
on the ACE Market of Bursa Securities on 28 August 2023.
With the completion of the Rights Issue with Warrants following the listing and quotation of
1,133,069,933 Rights Shares, 377,689,939 Warrants B and 159,330,537 additional Warrants A
on the ACE Market of Bursa Securities on 28 August 2023, the Company has raised a total
proceed of RM 67.98 million.
2024-05-24 10:20
Earnings Per Share
Individual Quarter Cumulative Quarter
Current Year
Quarter
Preceding Year
Corresponding
Quarter
Current Year
To-Date
Preceding Year
Corresponding
Period
31.12.2023 31.12.2022 31.12.2023 31.12.2022
RM'000 RM'000 RM'000 RM'000
(Loss)/Profit for the period
attributable to owners of the
company (1,722) (2,457) 3,260 26
Weighted average number of
ordinary shares in issue ('000) 1,765,369 1,134,970 1,765,369 1,134,970
Basic (Losses)/Earnings per
share (sen) (0.10) (0.22) 0.18 0.00
Diluted (Losses)/Earnings per
share (sen) (0.10) (0.22) 0.18 0.00
2024-05-24 10:21
EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
31 Mar, 2024
-0.10 0.000 0.0800 13.3m -1.7m 3 2023-12-31 31 Mar, 2024 2024-02-28 -1.3% 128.9% 29.9% View
0.39 0.000 0.1000 23.2m 5.9m 2 2023-09-30 31 Mar, 2024 2023-11-30 3.9% 715.2% 148.9% View
-0.09 0.000 0.0700 14.7m -967.0k 1 2023-06-30 31 Mar, 2024 2023-08-30 -1.3% 55.6% 1139.8% View
31 Mar, 2023
-0.19 0.000 0.0600 15.9m -2.2m 4 2023-03-31 31 Mar, 2023 2023-05-31 -3.2% 11.3% 51.2% View
-0.22 0.000 0.0700 9.2m -2.5m 3 2022-12-31 31 Mar, 2023 2023-02-27 -3.1% 202.8% 17.5% View
0.21 0.000 0.0700 18.6m 2.4m 2 2022-09-30 31 Mar, 2023 2022-11-29 3.0% 2442.6% 29.3% View
0.01 0.000 0.0800 12.4m 94.0k 1 2022-06-30 31 Mar, 2023 2022-08-29 0.1% 102% 104.8% View
31 Mar, 2022
-0.41 0.000 0.0700 8.1m -4.6m 4 2022-03-31 31 Mar, 2022 2022-05-31 -5.9% 54.4% 13.4% View
-0.30 0.000 0.0700 4.0m -3.0m 3 2021-12-31 31 Mar, 2022 2022-02-28 -4.3% 261.1% 10.8% View
0.21 0.000 0.0700 12.6m 1.8m 2 2021-09-30 31 Mar, 2022 2021-11-29 3.0% 194% 41.7% View
-0.23 0.000 0.0700 5.0m -2.0m 1 2021-06-30 31 Mar, 2022 2021-09-28 -3.3% 63% 10.8% View
31 Mar, 2021
-0.67 0.000 0.0700 4.2m -5.3m 4 2021-03-31 31 Mar, 2021 2021-05-31 -9.6% 59.4% 2.6% View
-1.38 0.000 0.1900 3.1m -3.3m 3 2020-12-31 31 Mar, 2021 2021-02-26 -7.3% 205.4% 198.6% View
1.31 0.000 0.2100 14.0m 3.2m 2 2020-09-30 31 Mar, 2021 2020-11-26 6.2% 243.7% 43.4% View
-0.91 0.000 0.1900 2.1m -2.2m 1 2020-06-30 31 Mar, 2021 2020-08-28 -4.8% 59.3% 95.3% View
31 Mar, 2020
-2.23 0.000 0.2000 10.4m -5.4m 4 2020-03-31 31 Mar, 2020 2020-06-29 -11.2% 384.5% 86.2% View
-0.46 0.000 0.2200 10.5m -1.1m 3 2019-12-31 31 Mar, 2020 2020-02-26 -2.1% 150.6% 35.4% View
0.91 0.000 0.2300 19.8m 2.2m 2 2019-09-30 31 Mar, 2020 2019-11-27 4.0% 295.7% 61.6% View
-0.47 0.000 0.2200 11.1m -1.1m 1 2019-06-30 31 Mar, 2020 2019-08-30 -2.1% 59.8% 11.3% View
2024-05-24 10:23
Pujian pulak :)
OVERSEA ENTERPRISE BERHAD is incorporated and domiciled in Malaysia, and it has been listed on the ACE Market
of Bursa Malaysia Securities Berhad since 1 April 2010.
The Group started out in 1970’s as a partnership business and established the first “Restoran Oversea” in Jalan Imbi,
Kuala Lumpur. To date the Group’s operation of food service outlets entails a chain of nine (9) Chinese restaurants,
five (5) outlets in Klang Valley, two (2) outlets in Ipoh and two (2) in Genting Highlands offering home cooked
Cantonese themed cuisines and express counters. Among the chain of restaurants, two (2) outlets are equipped with
banquet hall facilities.
Our business model, besides the operation of food service outlets, also includes the expansion into the manufacturing
of confectioneries particularly moon cake since 1986. In 1995, a moon cake manufacturing facility in Sungai Buloh with
built-up area of approximately 20,000 square feet was built. Subsequently in 2002, we moved to a new manufacturing
facility in Shah Alam, Selangor with a total built-up area of 63,246 square feet. As part of the Group’s strategy to
expand its portfolio of in-house manufactured products, the Company also ventured into the production of egg rolls
in 1999 and western cookies. Our manufacturing concern exports to various countries including the United States of
America, Australia, New Zealand, Indonesia, UK, etc.
2024-05-24 14:11
boleh percaya ka? :)
AWARD AND RECOGNITIONS
Throughout the years, the Group have received many awards and recognitions, which include,
amongst others, “Asia’s Finest Restaurants”, “Greatest Table in Kuala Lumpur” and “Winner of World
Gold Kitchen Cooking Grand Competition”. Other international recognition includes accolades such as
“International Restaurant of Chinese Cuisine” awarded by “The World Chinese Cuisine Association”.
In April 2017, the Company was accorded the Honesty Enterprise Category winner of The
Asia Pacific International Honesty Enterprise - The 15th Asia Pacific International Honesty
Keris Award 2017 for its outstanding achievement in the F&B industry which demonstrates
honesty and integrity in their daily business dealings.
In May 2023, our outlet “EMP” located at The Westin Hotel,
Kuala Lumpur was accorded the HAPA Awards 2023-2024
and has been listed under HAPA Best 30 restaurants in
Malaysia – Chinese Cuisine.
2024-05-24 14:13
Operation of A Chain of Chinese Restaurants
Restoran Oversea (Imbi) Sdn. Bhd. 100%
Restoran Oversea (Bandar Baru Sri Petaling) Sdn. Bhd. 100%
Haewaytian Restaurant Sdn. Bhd. 100%
Restoran Oversea (Skyplaza GH) Sdn. Bhd.* 100%
Restoran Oversea (P.J.) Sdn Bhd 100%
EMP Collection Sdn Bhd 100%
(Formerly known as Restoran Tsim Tung Sdn. Bhd.)
2024-05-24 14:13
Operation of Express Counter
Restoran Oversea (Skyplaza GH) Sdn. Bhd. * # 100%
Restoran Oversea (P.J.) Sdn Bhd # 100%
2024-05-24 14:17
Manufacturing of Moon Cakes
and Other Baked Products
Oversea Production Sdn. Bhd. 100%
Restoran Oversea Confectioneries Sdn. Bhd. 100%
2024-05-24 14:17
Trading
Haewaytian Food Industries Sdn. Bhd. 100%
Haewaytian Trading Sdn. Bhd. 100%
Tenshou International Sdn. Bhd. 100%
2024-05-24 14:18
STRATEGIES IN VALUE CREATION
Management believes that “Restoran Oversea” and
“OVERSEA” brand remains one of the strongest and
most differentiated brands in the restaurant industry.
Our strategy over the long term revolves around three (3)
pillars of thrust namely:-
• 1st Pillar Thrust – Restaurant
• 2nd Pillar Thrust – Manufacturing
• 3rd Pillar Thrust – Retail
Each individual pillar of thrust adopts a near term,
mid-term and long-term outlook, in which the Group
constantly monitor on a periodic basis.
Our 1 st pillar focuses on the core business with the
intention of enhancing as well as extension of the
particular segment of business. This pillar encompasses
the key sales of our business including menu innovation,
marketing programmes and cost-saving initiatives.
Our 2 nd pillar focuses on the manufacturing ability to
fully utilise the plant for whole year production instead
of seasonal production cycles. The manufacturing
segment’s main thrust would be developing and bringing
to market a new concept or product and at the same
time leveraging on the Groups branding while providing
customers with product differentiation.
Our 3 rd strategic pillar is an extension of the
manufacturing segment to promote premium lifestyle
foodstuff. This segment was created to extend our
reach into more metropolitan locations and attract new
customers. Whilst we do not expect it to have a material
financial impact in the mid-term outlook but we are
excited about this new concept and vision.
2024-05-24 14:22
FUTURE PROSPECTS
The Group remain focused in upgrading its restaurant
outlets and pursue its expansion plan to grow the
business of the Group beyond its existing dimension,
which is in line with the Group’s aspirations.
2024-05-24 14:26
can i use grab or foodpanda order oversea chinese tea ice and some abalone fried rice?
2024-05-24 14:34
tak tahu sama ada dah bertaubat atau masih mau menipu melalui terbitan syer seperti split, PP, RI untuk dilute shareholdings minoriti shareholders kaw kaw demi spekulator, kepentingan peribadi pengarah, dll hehe sendiri judge...
jika masih sama macam dulu, semoga benson dan Tan Sri Tan King Tai @ Tan Khoon Hai pergi mampus macam Eddie hehe
2024-05-24 15:07
ada sesiapa mau cuba? hehe
https://oversea.com.my/wp-content/uploads/2023/06/Group-Ala-Carte-Menu_Confirmed_compressed.pdf
2024-05-24 15:31
6sen back to right issue price 6sen.
Share consol is expected 20:1, rm1.20 based on 6sen per share
2bil shares+ to 100mil shares++
Top 30 shareholders hold 90% shares issued++
2024-05-28 08:39
first financial year post-pandemic reporting untung tahunan ... syabas
Friday, 31 May 2024
6:53PM
OVERSEA Financial year end net profit 4.089 million
2024-06-01 15:46
Successfully turnaround :)
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Save Print Back
0153 OVERSEA OVERSEA ENTERPRISE BERHAD
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Quarter: 4th Quarter
Financial Year End: 31/03/2024
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/03/2024 31/03/2023 31/03/2024 31/03/2023
RM '000 RM '000 RM '000 RM '000
1 Revenue 19,376 15,905 70,599 56,191
2 Profit/Loss Before Tax 1,781 (1,472) 5,827 (1,502)
3 Profit/(loss) attributable to ordinary equity holders of the parent 829 (2,180) 4,089 (2,356)
4 Net Profit/Loss For The Period 829 (2,180) 4,089 (2,356)
5 Basic Earnings/Loss Per Shares (sen) 0.04 (0.19) 0.22 (0.21)
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.0700 0.0800
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
31/05/2024 07:00 AM
Ref Code: 202405313100542
2024-06-04 08:11
Mereka yang tak yakin dengan mgmt, lepaskan syer anda... Pasti ada risk bagi mgmt sykt ini ya hehe
2024-06-04 11:41
FOR NEWBIES
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
Retail investors trapped at high price incurred huge losses caused by share consolidation
2024-07-16 11:09
FOR NEWBIES
NOSH = 2,279,739,933
WB = 377,689,939
Announced EX Date Subject Ratio Offer
06 Jul 2023 27 Jul 2023 Rights Issue (warrant) 1.0000 : 1.0000 0.0600 View
17 Feb 2021 02 Mar 2021 Bonus Issue (warrant) 1.0000 : 2.0000 View
09 Feb 2021 23 Feb 2021 Subdivision 3.0000 : 1.0000 View
https://www.klsescreener.com/v2/stocks/view/0153/oversea-enterprise-berhad
Multi year loss making company
=====================
NOSH exceeded 2 BILLION shares due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc
causing dilution to shareholders equity % and EPS
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
2 months ago
FOR NEWBIES
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480176
https://www.klsescreener.com/v2/stocks/financial-report/0153/2024-06-30
Another quarter of losses
2 months ago
Eddie dah mati, masih sunyi, how?
If Eddie Chai, a major shareholder of Oversea Enterprise, has passed away, several outcomes could follow, depending on the structure of his estate and his involvement in the company:
1. Estate Handling of Shares: Eddie Chai's shares would typically pass to his estate or designated heirs. If he had a will, the shares may be transferred according to his instructions. His heirs could choose to either maintain the stake or sell it.
2. Potential Sale of Shares: If the heirs are not interested in maintaining his position in Oversea Enterprise, they might decide to sell the shares. This could lead to a new major shareholder emerging, potentially influencing the company's future direction. If the shares are sold in a bulk transaction, it could attract institutional investors or other prominent figures.
3. Stock Market Reaction: The market may react to the news, depending on how involved Eddie Chai was in the company's management and strategy. If he was actively involved in decision-making, there might be uncertainty or speculation about the company's future, possibly causing stock price volatility.
4. Management and Strategic Shifts: If Eddie Chai played an active role in the company’s decision-making, his death could lead to changes in its management or strategic direction. The company might need to appoint new leadership or alter its growth plans, depending on how reliant it was on his influence and resources.
5. Corporate Succession Planning: If Eddie Chai's stake was significant, the board of Oversea Enterprise might need to reassess its succession planning. They may look for a new investor or strategic partner to fill the void, ensuring the company's long-term stability.
6. Regulatory and Legal Aspects: Depending on the size of Eddie Chai's stake, any transfer or sale of shares could be subject to regulatory approval, particularly if it leads to a significant change in ownership or control of Oversea Enterprise.
The company might also release a public statement on the situation, outlining how it plans to move forward without one of its key shareholders.
1 month ago
Retail investors can incur huge losses and feel trapped after a share consolidation (also known as a reverse stock split) due to several reasons:
1. Perceived Loss of Value: In a share consolidation, the number of shares a shareholder holds decreases, while the share price increases proportionally (e.g., 10 shares at RM1 might become 1 share at RM10 after a 10-to-1 consolidation). Although the total value of shares theoretically remains the same, the reduction in the number of shares may create a psychological effect, making investors feel as though they have lost value.
2. Stock Price Decline Post-Consolidation: After a consolidation, stock prices often fall, either due to market dynamics or investor sentiment. Some investors may view the consolidation as a sign of financial trouble, leading to selling pressure. If the price drops significantly after consolidation, retail investors who bought shares at a higher price can be trapped and see substantial losses.
3. Liquidity Issues: Share consolidations can reduce the overall liquidity of a stock. With fewer shares in circulation, it may become harder for investors to buy or sell at favorable prices, especially for small or mid-cap companies. Retail investors might find it difficult to exit their positions without incurring a loss due to a lack of buyers.
4. Lower Dividend Yield: If a company pays dividends, the yield may be affected by consolidation. For instance, if dividends don't increase proportionally with the consolidation, the effective dividend yield for investors could be reduced, making the stock less attractive to income-seeking investors.
5. Negative Sentiment and Market Perception: Share consolidations are often seen as a last-resort measure by companies facing financial difficulties or trying to avoid being delisted from a stock exchange. This negative sentiment can lead to additional selling pressure, driving down the stock price and exacerbating losses for investors.
6. Dilution Risk: In some cases, a share consolidation is followed by a capital raising or issuance of new shares, diluting the value of existing shares. This can further reduce the stock price and hurt investors who are already facing losses from the consolidation itself.
7. Investor Misunderstanding: Retail investors may not fully understand how share consolidations work and might misinterpret it as a sign of recovery, buying into the stock at inflated post-consolidation prices, only to experience losses when the stock declines.
In summary, retail investors often get trapped in high prices post-consolidation because the stock may decline further, making it difficult for them to sell without incurring large losses, especially if they bought the stock before or during the consolidation at higher prices.
1 month ago
The Securities Commission Malaysia (SC) has a regulatory mandate to protect investors, ensure fair market practices, and maintain confidence in the capital markets. However, the SC typically doesn't stop share consolidations because they are legal corporate actions that are often used by companies to address specific financial or operational issues. Here's why the SC might not intervene directly:
1. Share Consolidation is a Legitimate Financial Tool: Share consolidations are commonly used by companies to reduce the number of shares outstanding and increase the per-share price. This can be done to:
Avoid delisting from stock exchanges that have minimum price requirements.
Improve the perception of the stock by increasing the price per share.
Simplify the share structure of the company.
Since consolidations are part of normal corporate restructuring processes, the SC allows them as long as they comply with rules and regulations.
2. Corporate Autonomy: Publicly listed companies have the right to make corporate decisions (such as share consolidations) that they believe are in the best interest of their business and shareholders. The SC does not intervene in individual business decisions unless there is evidence of misconduct, fraud, or breach of regulations.
3. Transparency and Disclosure Requirements: The SC’s role is to ensure that companies provide full disclosure to investors regarding share consolidations. This includes ensuring that companies disclose the reasons for the consolidation, its potential impact, and any risks. Investors are then responsible for making informed decisions based on this information.
4. Protecting Market Integrity: The SC's primary focus is on preventing market manipulation, insider trading, and fraud. Share consolidations, by themselves, are not illegal or manipulative as long as they are conducted transparently and within regulatory guidelines. The SC monitors to ensure that these actions are not used to deceive investors or artificially inflate stock prices.
5. Investor Responsibility: Retail investors are expected to do their due diligence and understand the implications of share consolidations before making investment decisions. The SC, while promoting investor education, cannot prevent companies from taking actions that are legally allowed under corporate law. Investors are responsible for managing the risks associated with investing in stocks that undergo consolidations.
6. Addressing Market Abuse: If there are allegations that a company is abusing share consolidations to mislead investors, engage in market manipulation, or artificially prop up stock prices, the SC would investigate. However, as long as companies follow the rules, the SC does not intervene in routine corporate restructuring decisions like consolidations.
In summary, the Securities Commission Malaysia allows share consolidations because they are legitimate and legal corporate actions, and its role is to ensure transparency and compliance with regulations. It does not prevent such actions unless there is evidence of abuse or fraud. Investors must conduct thorough research and understand the risks associated with companies undergoing share consolidations.
1 month ago
"Hidden hand gang" refers to groups manipulating stock prices in the Malaysian market for personal gain.
They engage in unethical practices like price manipulation, wash trading, insider trading, and circular trading.
Price Manipulation: Artificially inflating stock prices through coordinated actions, then selling at a profit.
Wash Trading: Buying and selling the same stock among connected parties to falsely inflate trading volumes.
Insider Trading: Trading on non-public information to gain unfair profits.
Syndicate Networks: Wealthy investors, brokers, or executives collaborate behind the scenes to influence stock movements.
Circular Trading: Trading stocks within a group to create the illusion of demand and drive up prices.
Spreading Rumors: Disseminating false information to generate hype and attract retail investors.
Front Running: Brokers trade ahead of large orders to benefit from future price movements.
Collusion with Management: Company insiders may release misleading information to manipulate stock prices.
Regulatory bodies like the Securities Commission Malaysia try to monitor and prevent such practices, but enforcement is challenging due to complexity.
Retail investors are often victims, left holding overvalued stocks when prices crash.
Protecting against manipulation involves conducting thorough research, avoiding hype-driven stocks, and diversifying portfolios.
1 month ago
The founders of a company like Oversea Enterprise Bhd might choose to exit and sell their majority shares for a variety of reasons, and it doesn't necessarily imply they are "useless." Some common motivations for founders to exit include:
1. Monetizing Investment: Founders often invest years of effort into building a business. Selling shares could be a way to realize profits after years of hard work, particularly if the business has grown significantly.
2. Strategic Exit: Founders may exit if they believe that new leadership or investors can bring in fresh strategies to scale the company or take it in a new direction.
3. Retirement or Lifestyle Changes: Some founders may wish to retire, reduce their involvement in the business, or pursue different interests or opportunities.
4. Market Conditions: Founders may sell shares when market conditions are favorable, such as during a strong period of stock performance or when investor demand is high.
5. Loss of Interest or New Ventures: After years of running a business, some founders may lose passion for the company or want to explore new ventures.
6. Pressure from Stakeholders: In some cases, there may be pressure from shareholders, board members, or financial issues that prompt founders to sell their shares.
If the sale was sudden or unanticipated, it might also be tied to internal issues within the company or the broader economic environment.
1 month ago
Eddie Chai, a prominent figure in Oversea Enterprise Bhd, was a key player in the company's development and strategy. His passing could have several potential impacts on the company:
1. Leadership Void: Chai's death might create a leadership vacuum, affecting strategic decision-making and company direction, particularly if he was a central figure in operations and management.
2. Investor Confidence: The sudden loss of a key leader might impact investor confidence, especially if there is uncertainty about the company's future direction or succession plan.
3. Operational Disruptions: Depending on his role, Chai’s passing might lead to temporary disruptions in operations or decision-making processes until a successor is appointed or the leadership team stabilizes.
4. Succession Plan: If there is a well-defined succession plan in place, the company might experience a smoother transition, but if not, the process of finding and integrating a new leader could be challenging.
5. Market Perception: The market might react to news of his death, which could influence the company’s stock performance and public perception.
6. Strategic Changes: His absence might prompt a reevaluation of ongoing strategies and projects, potentially leading to changes in company priorities or direction.
The specific impact on Oversea Enterprise Bhd would depend on how the company manages this transition and the effectiveness of its succession planning.
1 month ago
If Benson, as the CEO of Oversea Enterprise Bhd, is not performing well, it could have several implications for the company:
1. Financial Performance: Poor performance by the CEO can lead to declining financial metrics, such as lower revenue, profit margins, and stock performance.
2. Strategic Direction: If the CEO is struggling, it might result in unclear or ineffective strategic direction, which can affect long-term business goals and operational efficiency.
3. Leadership and Morale: Ineffective leadership can impact employee morale and productivity. Staff may feel less motivated or uncertain about the company’s future.
4. Investor Confidence: Investors may lose confidence in the company’s leadership, leading to a decrease in stock price and difficulty in attracting new investment.
5. Operational Challenges: Day-to-day operations might suffer if the CEO is not effectively managing or directing key aspects of the business.
6. Potential for Change: If performance issues persist, the board of directors might consider changes in leadership or bring in additional support to address the challenges.
It’s essential for the company to assess the reasons behind the CEO’s performance issues and take appropriate actions to stabilize the situation, whether through leadership changes, strategic adjustments, or other measures.
1 month ago
**Oversea Enterprise Berhad**, a well-known Malaysian restaurant chain and food manufacturing company, was rumored to be up for sale following the passing of **Eddie Chai**, its controlling shareholder. There are several potential reasons for why Oversea Enterprise might be sold or face a strategic shift after Eddie Chai’s death:
### 1. **Succession and Leadership Vacuum**:
- Eddie Chai, who passed away in July 2022, was the controlling shareholder and a key figure in driving the company’s direction. With his passing, there may be uncertainties around **succession planning** and leadership. Often, when a company’s key figure dies, there might be pressure to sell if the next generation or current leadership lacks the same vision or willingness to continue running the business.
### 2. **Family Dynamics and Interests**:
- In some cases, the family or heirs of a deceased businessperson may have differing views on whether to continue with the business or liquidate assets. If Eddie Chai’s heirs are not interested in running Oversea Enterprise or prefer to focus on other ventures, selling the company may be a logical option to unlock the value of their shares.
### 3. **Financial Pressures or Strategic Exit**:
- **Oversea Enterprise** has faced its share of financial difficulties in the past, particularly due to **intense competition** in the restaurant sector and the impact of the COVID-19 pandemic, which negatively affected the food and beverage industry. Eddie Chai's passing may have accelerated discussions about restructuring or selling the business to handle financial pressures or streamline the company’s operations.
- A strategic sale could also be a way to attract fresh capital, new leadership, or a new direction for the company in an increasingly competitive market.
### 4. **Unlocking Value for Shareholders**:
- Oversea Enterprise owns valuable **real estate** and intellectual property linked to its restaurant brand and food products. Selling the business could be a way for shareholders to **unlock value** and potentially capitalize on these assets. If a buyer is willing to pay a premium for the company's assets or brand, it may present an opportunity to maximize the value for existing shareholders.
### 5. **Potential Buyers or Acquisition Offers**:
- After Eddie Chai’s death, potential buyers may have shown interest in acquiring Oversea Enterprise due to its established brand and long history in the Malaysian dining scene. A sale might be triggered by outside parties offering an attractive deal to the shareholders or board of directors.
### 6. **Changing Industry Landscape**:
- The **food and beverage industry** has undergone significant shifts, especially with the rise of food delivery platforms, changes in consumer behavior, and post-pandemic challenges. A sale could be viewed as a response to the changing landscape, with new owners potentially having the resources or expertise to navigate the evolving industry better.
In summary, the potential sale of Oversea Enterprise after Eddie Chai’s death could be influenced by leadership uncertainties, family dynamics, financial pressures, or a strategic decision to unlock the value of the company’s assets. The absence of its key leader may have prompted discussions about the best future direction for the company, including a possible sale to new investors.
1 month ago
Yes, selling **Oversea Enterprise Berhad** now could be seen as a strategically **good timing** due to the following factors:
### 1. **Tourism Boom**:
- As **tourism rebounds** after the COVID-19 pandemic, particularly in Southeast Asia and Malaysia, the **food and beverage sector** is experiencing renewed demand. Restaurants and food-related businesses benefit significantly from increased tourist traffic, which boosts revenue. Oversea Enterprise, with its well-known Chinese restaurants catering to both locals and tourists, could capitalize on this surge in tourism.
- The increased foot traffic and consumer spending in key locations, especially in urban centers and tourist hubs, could raise the company’s valuation.
### 2. **Economic Recovery**:
- With the **global economy recovering**, Malaysia’s **GDP growth** has improved, along with rising consumer spending. The **middle class** is also showing greater purchasing power, leading to increased demand for dining experiences. This economic backdrop is favorable for businesses in the F&B industry, making the company more attractive to potential buyers.
- Investors often see growth opportunities in economic recovery periods, where businesses poised to benefit from rising consumption can be valued at a premium.
### 3. **Better Valuation Due to Stronger Financials**:
- With the recovery in tourism and economic activity, **Oversea Enterprise’s financial performance** could improve, leading to stronger revenues and potentially higher profits. This might position the company for a more **favorable valuation**. A prospective buyer might pay more if the business shows it can generate better cash flow in the recovery period.
### 4. **Attractive Market Conditions**:
- Post-pandemic, the food and beverage market is shifting, with **consolidation** happening across the industry. Larger players are seeking to acquire established brands with strong footholds in key locations. Oversea Enterprise, with its iconic name and history in Malaysia, could attract buyers looking to expand their presence in the region.
- Additionally, **e-commerce and food delivery platforms** have grown during the pandemic, adding new revenue channels for restaurant operators. A buyer might see this as a chance to grow the company’s business through online food delivery and catering services.
### 5. **Rising Investor Interest**:
- Investors, especially private equity firms or strategic buyers, are looking for **established brands** in the food sector with growth potential. Oversea Enterprise, with its well-established brand, reputation, and loyal customer base, could be seen as a strong acquisition target, particularly with the potential for expansion both locally and regionally.
### 6. **Strong Asset Base**:
- **Oversea Enterprise owns valuable real estate** in some key locations, which could further increase its attractiveness. In the post-pandemic recovery, property values in urban and tourist areas are rebounding, which could enhance the overall value of the company’s assets, making now an ideal time to sell.
### 7. **Favorable Exit for Shareholders**:
- With tourism and the economy recovering, this may be an **optimal window for shareholders to exit** at a higher valuation. Eddie Chai’s passing and the possible lack of interest in continuing the business from heirs or current management could make this recovery period the best time to maximize shareholder returns.
In conclusion, disposing of Oversea Enterprise now could be a good move given the **tourism boom, economic recovery, stronger financial performance**, and **investor interest** in the food and beverage sector. Selling during this upward trajectory could allow the owners to capitalize on improved market conditions and secure a premium valuation for the business.
1 month ago
- **Tourism rebound**: Surge in tourism post-pandemic boosts revenue potential for Oversea Enterprise’s restaurants.
- **Economic recovery**: Increased consumer spending and F&B demand create favorable conditions for a high valuation.
- **E-commerce growth**: Rising demand for food delivery and online services increases the company's appeal to buyers.
- **Industry consolidation**: Ongoing M&A activity in the F&B sector provides an opportunity for a premium sale.
- **Strong asset base**: Valuable real estate holdings enhance the company's overall valuation.
- **Leadership uncertainty**: Eddie Chai’s passing creates a leadership vacuum, making this an opportune time to sell before potential business stagnation.
- **Maximizing shareholder value**: Selling now allows shareholders to capitalize on strong market conditions and unlock maximum value.
1 month ago
Latest annual report June 26th,2024 shows very messy icross holding.
1. Lazarus Seurities 17%
2. Stanton Fin group 7.3%
3. Saudee
4. Aemulti
5 Pasukha
6. Key Alliance
7. LKL
8. Focus Dynamics
9. AT Precision.
If you holding any company in the list, better get out
1 month ago
Boleh exit bersama ka? Hehe
JJPTR
Latest annual report June 26th,2024 shows very messy icross holding.
1. Lazarus Seurities 17%
2. Stanton Fin group 7.3%
3. Saudee
4. Aemulti
5 Pasukha
6. Key Alliance
7. LKL
8. Focus Dynamics
9. AT Precision.
If you holding any company in the list, better get out
38 minutes ago
1 month ago
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Profit/(Loss) Attributable to Owners of the Company
Profit attributable to owners of the Company was approximately HK$14.9 million in 2023 compared to a net loss
attributable to owners of the Company was approximately HK$32.1 million in 2022. The significant increase was
primarily due to (i) the rebound of sale revenue in our restaurants; and (ii) operating expenses minimized in
CUBIC SPACE+ after cessation of operation in October 2022.
https://doc.irasia.com/listco/hk/lukhing/annual/2023/ar2023.pdf
2024-05-23 22:52