Wow 1 bill over liabilities, any disposal could cause losses, since having bank loans for the properties etc? In a filing, MBSB said five of its companies in the property development business will be transferred to a corporate share trustee, while disposal of the loans — carrying a book value of RM279 million — shall be settled in cash and on a deferred basis.
The five companies had combined negative net liabilities of RM1.105 billion as at end-2022, the filing showed.
Great multiplier effects from borrowings to increase lending, borrowing to replenish loans. tom2629 Why does PB needs to establish 20billion worth of subnotes with 30 years tenure? No other banks are doing it, so far? Who is the big borrower? The Govt or Private company?
Can get returns over EPF rate Divi plus share price appreciation should be ok. See how you handle your portfolio in PBB. Benchmark is EPF returns per annum, not FDR. FDR is 0 risk. PBB still has risk as share prices fluctuate. M55555 Park RM500k and receive RM25 to RM30K div return annually sampai mati.. ok right ? After mati , hang over by next generation. Should be a better option than parking RM500k in fix deposit , with currency value uncertainty and no growing prospect.
LLC is confused. At the current price, he said it is a steal but he is selling it all. Looks like he still loved MBSB, just frustrated to let it go. For those still waiting to buy more let it move to below 59 sen and pick it up. At its current price, it is expensive. At current PE of 11.85 is high. PE below 10 is just nice to buy. PE for PBB is currently 12 and Alliance Bank is only 8.9.
KUALA LUMPUR (Aug 29): Glove maker Supermax Corp Bhd posted an annual net loss of RM149.45 million for its financial year ended June 30, 2023 (FY2023), against an annual net profit of RM718.91 million in FY2022, as earnings were weighed by lower sales and average selling price (ASP) for gloves, amid persistent oversupply in the market.
With the latest annual loss of RM149.45 million, it recorded a cumulative loss per share of 5.67 sen, as opposed to a cumulative earnings per share of 27.26 sen in FY2022 previously. Annual revenue was RM821.86 million, down 69.42% from RM2.69 billion previously, the group's filing with Bursa Malaysia showed.
It closed its FY2023 with a quarterly net loss of RM7.17 million for the fourth quarter ended June 30, 2023, marking the group’s third straight loss-making quarter — albeit with net loss narrowing from RM39.92 million in 3QFY2023 and RM108.07 million in 2QFY2023. It recorded a loss per share of 0.27 sen in 4QFY2023, as opposed to an earnings per share of 0.74 sen in 4QFY2022, when the group made a net profit of RM19.53 million.
Some truth to what Ramasamy said about Anwar. Is he a chameleon? Even Anwar plays to the gallery, but the Northern and East Coast Melayus do not support him. His strength as a PM is with the DAP and to some extent Sabah & Sarawak MPs.
TG and Supermax abang adik. One loaded with money but want to build a "full of pride" plant in the USA knowing it is a losing "fiasco" venture. Another no more money or little money left to defend the baseline price moving downward in the long term and hoping another pandemic at the horizon.
Should have done so if not for the banking crisis surfacing in the states again, estimated unrealised losses on federal long term bonds held by all banks amounted to USD 500 billion really spooked Wall Street. Hachi Hachi Will reach at least 4.30 before report is released. My2ct. 53 minutes ago
Country Heights: Defaults on RM181m payment for Islamic financing facilities. Country Heights Holdings, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totalling RM181.1m provided by MBSB Bank. Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint. (The Edge)
Popularism that seeks to impose their way of living suggested the voting wave from the East Coast and the Northern part of the peninsular ................ would be misread and mistaken by those thinking that PAS religious morality has nothing to do with it. In fact, it is the perceived notion that their way of life and their religion is under threat under the Anwar (or DAP) government as always played out by PN. When you kept on repeating a lie people will think it is real eventually. Quotes from article below, "Oh juga tidak yakin pemulihan ekonomi akan meningkatkan sokongan Melayu, dengan berkata idea Madani tidak menarik majoriti orang Melayu. "Sekurang-kurangnya seperti ketika saya ke Kelantan dan Terengganu baru-baru ini,ramai orang Melayu yang mungkin bagi mereka isu sosioekonomi bukan perkara utama.
Kudos, Kedah MB has picked up the most legal civil suits and along the way collected 2 criminal charges for defaming the royal institution. He will be busy fighting off and defending them for the next few years rather than governing Kedah.
Precisely the point, Moo will play the victim of political persecution by the Anwar government because he is leading the opposition. Sympathy will be with him. The Malay support for underdogs has always been recorded since Anwar's reformasi days. Populism not withstanding.
Posted by Sslee > 41 minutes ago | Report Abuse Moo is just trying to save his own skin from the corruption cases he is charged with in court.
He has nothing to offer except playing up race and religion divisive issue to pull down unity government.
Is it really true that boosting investment & reducing inflation would work against popularism? I doubt so.
"It only provides a temporary syiok sendiri high. People like Liew should look into ways to address the plight of the people such as inflation and boosting investments - not just announcing FDI (foreign direct investment) pledges which does not translate into concrete benefits to the people."
Let us wait and observe how the PHBN-led government is going to resolve the issue of a certain section of voters dissatisfied with them. Anwar has 2 years to do that before another state election is due. Posted by Starship2 > 3 minutes ago | Report Abuse
I feel in a democratic country we should not overly "demonize" the political choices of certain groups.. The challengue is to convince and win them over... The PM has been in office for less than a year..and being new, I am sure the govt would have taken time to settle in as well. Let us see what he can do... Let us also not overlook the fact the voter turnout was low..So the people who actually voted relative to the population must be very low.... especially in the PN states...Another point, the combined population of the three PH-won states is roughly 10.2 mil while that of the other three is 5.25 mil...Selangor alone has a population of roughly 7.21 mil....Do you see the diparity and the difficulty in making comparisons?
The reason why positive issues based on integrity, transparency and good governance are ignored and voters choose populism instead. We had seen that before during the incarceration of Najib and his court cases, despite their negativity, where his popularity bought Bersatu losses in Malacca & Johor state elections. However, any pronounced shift in voters' sentiments toward good governance and positive values can only happen if there are significant shifts in what voters perceived as "discriminative values" whether real or not that led them to vote for populism.
“The continued rise of the green wave is an expected push-back against multiracialism and multiculturalism.
“This push-back will continue until the majority of Malaysians learn that ethno-nationalism is dangerous and leads to fragmentation of our society.
Speculative gurus attracting bilis in Whatapp and Telegrams to buy this counter, an opportunity for long-term holders to make a quick exit. Typical buy on rumours and sell on the news. How many will be caught? Let's explore SEAL, Rights issue (RI) to a corporate highflyer (so-called) at 26 sen for 69 mill shares and price now at 59 sen & RI money is to be used for solar ventures. SEAL is a lumber company or saw mill with declining turnover and losses for many quarters. Is it really worth 59 sen? Takes another 2 years for a new solar business to really move from ground zero. If the acquisition of an existing solar business has to be bought for a premium from its owners, at this time would have to be at a higher price considering the current energy and oil costs.
Good strategy though, because glove sectors are not going but down. Those ignorant and gullible would be drawn to buy and those averaging down would be asking for trouble as the depth of the downwards price movement is unknown and estimated by the funds manager which will not account for how much owners of listed gloves companies manipulate their stock price and range movements.
YourQuirkyWays29 @eatcoconut, yeah need to remind myself to take some profits next QR if retail overreacts to the expected green.
I think he is rating a company like a brothel. If the madam customer service is shit, the whole outfit is slutty. vijay99 everyone no need to see EPS , P/E ratio etc anymore....just call customer service , if anyone pick the call within few seconds thats a good company and lets put all our money in it.
As I said earlier Supermax should abandon its intention to set up a plant in USA. Just cut losses and get out and distribute the dividend from the cash horde of RM2.2 billions. Market will adjust the price. In doing so Stanley will still gain the most. It is not a shame to let the company share drop to a penny. The fact is the business is in a downturn and rescue can be done through future rights issues.
Well, I would expect EPF & other shareholders to have a strategic plan to improve the performance of MBSB if they are to create value for the company and at the same time collect more shares of MBSB. henry888 Sure they would push to at least 96.52 cents and acquisitions sure would go through as EPF is holding more than 50% of the shares. There is no any other reasons minorities would reject the deal as their share value would increase. This is my opinions.
Did you read properly it is not cash but the issue of new shares to shareholders of MIDF. wallstreetrookieNEW It's not even a merger. It is a cash-only acquisition. RM1.01 billion MBSB is spending 1 billion Ringgit Malaysia to acquire a dying business. Malaysia is in a technical recession and thus the investment banking/debt capital markets will experience further downside.
Why is the market still pumping MBSB shares when it is a 'cash-only acquistion' which means the company would have to use cash reserve or issue more bonds to pay back the premium.
A share of MBSB is issued at 96.52 sen to all holders of MIDF shares for the takeover. This is based on the valuation that is acceptable to both parties. It can be the market value if the price hit 96.52 sen later. pang72 Offer 96.52c? I can't understand..
All money gone in no time, 1st Phase already RM1.47 billion? There are another 3 phases how many billion MYR more? This will be the company’s 18th manufacturing plant worldwide and its first in the US. The new 215-acre manufacturing facility will showcase cutting edge capabilities through expanded use of artificial intelligence and robotic engineering. The facility will be comprised of a total of eight buildings.
Depending on Tan Seli/Taikor, he is the main driver on how and when the price of his counter is at any time. Dun worry all will be fried by Tan Seli until penniless. Just watch if glove ASP still has not recovered there will be fewer and fewer people interested in this counter and the price has to give way to the bottom. In the meantime, Taikor, will have to create news once in a while to excite punters to support his counter. So price swings as it moves side way ...... UlarSawa Wow you garanti 60sen sure can get kah. Many IBs and broking house also TP like you leh. They also never say garanti leh. Only making assumptions it will hit their TP leh. Tapi belum hit lagi leh. After next QR they also will revise their TP again leh. Kesian. Haiyoh. Correct?
The possibility of 40 sen depends on whether the owner will support the counter when selling pressure from weak holders cut losses. Meanwhile, the zig-zag price movement will be attributed to the owners driving the market. Returning to the fundamental is very far from the horizon. SinGor TopGlove is the "Flatess katak " on the Highway----Run over by a thousand lorries ( RM40 to 86sens ) If you DonT believe 40sen Tp, you are a Aliens from Mars