KUCHAI DEVELOPMENT BHD
KLSE (MYR): KUCHAI (2186)
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Last Price
2.15
Today's Change
0.00 (0.00%)
Day's Change
2.15 - 2.16
Trading Volume
21,400
Overview
Market Cap
266 Million
NOSH
124 Million
Avg Volume (4 weeks)
34,278
4 Weeks Range
2.15 - 2.19
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
1.23 - 2.35
52 Weeks Price Volatility (%)
82.14%
Previous Close
2.15
Open
2.15
Bid
2.15 x 2,900
Ask
2.16 x 17,700
Day's Range
2.15 - 2.16
Trading Volume
21,400
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#3] | 30-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 28-Aug-2024
T4Q P/E | EY
8.66 | 11.55%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
2.93 | 0.73
T4Q NP Margin | ROE
233.77% | 8.48%
Market Buzz
2024-06-30
2024-06-27
2024-06-27
2024-06-27
2024-06-27
News and Blogs
Company Profile
Sector: FINANCIAL SERVICES
Sector: FINANCIAL SERVICES
Subsector: OTHER FINANCIALS
Subsector: OTHER FINANCIALS
Description:
Kuchai Development Bhd is a Malaysia based company which is principally engaged in investment holdings and rental of property. The business operates in various segments that include Investment segment; which invest in long-term securities, Interest Income segment; which does the placement of excess fund in fixed and short-term deposits, and Rental Income segment, which does leasing of properties. The Investment segment generates maximum revenue for the company. Its services are exported to Singapore, Mauritius and Australian region. The Singapore region generates maximum income for the company.
Discussions
4 people like this. Showing 50 of 990 comments
Buying few lots making few hundreds can be very happy also to old lady...
I m very envy of u...happiness is very simple
2024-01-25 10:58
Some funds positioning to force owners to sweeten the offer. Now it's 1000 get 222 Sg bagan, maybe force to 1000 get 400
2024-01-27 20:47
@speakup, yes, proposals can be revised. That would definitely be better for Kuchai minorities.
2024-01-28 21:34
On the first trading day of this year I completely exited from Kuchai at 1.62, now Kuchai is at 1.60.
2024-03-07 17:48
TheContrarian
On the first trading day of this year I completely exited from Kuchai at 1.62, now Kuchai is at 1.60.
5 days ago
IRONIC how less than a week after your boast, Kuchai rises smartly to exceed your EXIT by 7c per share!
2024-03-13 14:25
This article first appeared in The Edge Malaysia Weekly on January 8, 2024 - January 14, 2024
ROUGHLY 15 months after Kuchai Development Bhd (KDB) completed distributing its 26.51% stake in Sungei Bagan Rubber Company (M) Bhd (Sg Bagan) to shareholders, the company ended the year with an announcement of a bigger deal.
This time around, KDB is selling its assets and liabilities valued at RM275.47 million to its sister company Sg Bagan in return for shares. Again, KDB will distribute Sg Bagan shares to its shareholders. For every 1,000 KDB shares, shareholders will be entitled to 222 Sg Bagan shares under the proposal.
The controlling shareholder Kluang Rubber Company (M) Bhd will get the lion’s share of the block of Sg Bagan shares being distributed.
Kluang Rubber holds a 42.21% stake in KDB and a 43.5% stake in Sg Bagan. It is, in turn, controlled by low-profile Singaporean businessman Lee Thor Seng and his sons — Justin Lee Chung-Shih and Colin Lee Yung-Shih — via their family vehicle The Nyalas Rubber Estates Ltd. Justin is the executive deputy chairman of KDB and Sg Bagan.
It is worth noting that the divestment consideration of RM275.47 million was RM120 million more than its market cap of RM154.68 million prior to the announcement.
The divestment, which unlocks the asset value of KDB, gave a strong boost to the share prices of the three companies, lifiting them to all-time peaks on the first trading day of 2024.
The move is seen by market observers as the nonagenarian Thor Seng’s attempts to further streamline his interest in the Bursa Malaysia-listed companies, apart from unlocking asset values. This has left many wondering about his next move with KDB, which will soon be a cash-rich listed shell company.
“Would he privatise Sg Bagan since most of the assets will be parked there?” muses a market observer.
2024-03-30 17:31
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION")
2 months ago
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING: (I) PROPOSED 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") ("PROPOSED DISPOSAL"); AND (II) PROPOSED DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE
2 months ago
Just look at the price chart of these companies for the last 20 years then you decide whether these companies fit your investment criteria.
2 months ago
Soon...$1.80, then $1.90...tgt is $2 at least, at which point, the return on capital is still 53%, far higher than the 29% just before the ex-date of the previous SBagan shr distribution!
2 months ago
Prediction fulfilled!!! Another bullseye!!!🎯🎯🎯 I can now terminate another $8,595.68 of margin loans on Kuchai if I so choose!🙆✌🍾 POOR CharlesT can go fly LOSERS' kite...🎃
2 months ago
YIPPeeeeeEEEEEE!!! Equal 2024 high( & 8 year high to boot!)!!! $2.00 by 8th May!!! Another bonus is that it looks like nobody else is here...the less participants( ie speculators), the higher it can rise!🤗
2 months ago
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!💰💰💰
1 month ago
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)
1 month ago
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 "
1 month ago
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...
1 month ago
How will Kuchai shareholders benefit from this deal? Will they miss out completely after the recent EGM?
1 month ago
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.
1 month ago
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.
1 month ago
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
1 month ago
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.
1 month ago
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!
1 month ago
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?
1 month ago
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.
1 month ago
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.
1 month ago
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. .
3 days ago
Kuchai is still holding the GE shares
Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???
2 days ago
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.
1 day ago
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dompeilee
🐓'Chicken' rice....🐔 the double entendre says it all! 🤣🤣🤣 SBagan price has been comatose for most of the period 2012-2023, spurting only briefly in '13, '18 & '21. Better than you, earned ZERO & better than the quick & the dead impatient gamblers( of which club you're also a member)😂
2024-01-25 08:41