Some said current BOD is very transparent, but i think not to shareholders. What is going on for their Thailand ethanol and UK project? Borsig listing in SGX, now at which stage? Anybody know? Keep saying saying the same thing from last december, no meaningful update
I happen to know the Tunku and some of the board members. They are very decent and dedicated doing their best for the business. But I don't know the board of all the companies I invest in. So I don't rely on trust, I look at the performance only. So far, KNM management managed to work very well with the creditors. This is very critical to the survival of PN17 companies. So, to me their performance for the past year has been excellent or extraordinary bcos the figure involved is billion.
Tunku is my ex-employee. Do you believe? I can talk whatever I can without providing a proof.
Gen2, yes, it is affecting every listed insurance company. But my opinion is we must be clear on the incident timeline, for example COVID-19, borders reopened, discontinuation from Perlindungan Tenang scheme and fully exited a low retention large corporate account.
These incidents affected the revenue and growth of company. Insurance company is not like casino & tech company. It also cannot compare with insurers in HK who can attract mass mainland customers. The market in Malaysia is limited. That's why after borders reopened, company is expanding to overseas especially Asean countries. This takes time.
For the past few quarters, I'm happy to see this company is turned around and the profit margin is improving. The next thing is to grow the biz. Again, this takes time.
History is somewhat important but future is more significant. I will give them a little more time to see whether their core biz revenue and income will keep increasing after COVID-19 and borders reopened.
MRFS 17 also affected insurance company like tunepro
On Dec 16, 2022, KNM had announced the proposed listing of Borsig on main board of the Singapore Stock Exchange (SGX) by way of an IPO
If the M&A does not pan out, it could be eight months down the line before they can kickstart the IPO. Then, they will have to wait for a good year for the whole process to be wrapped up. Hence, the decision to allow both processes to run simultaneously.
Secures RM400m term loan from Sumitomo Mitsui to refinance debts. Astro Malaysia Holdings’ wholly-owned unit Measat Broadcast Network Systems SB (MBNS) secured a term loan facility of up to RM400m Sumitomo Mitsui Banking Corp Malaysia. The facility is to refinance the existing term loan facility of RM380m obtained from SMBC on Aug 9, 2018. (The Edge)
When the airlines around the world started to redeploy their idle aircraft back to operation, the supply side will only keep increasing. However, can the demand keep pace with the supply? High ticket fares due to borders reopened is already a history.
The room is limited for this share price increase further. In opposite, the downside risk is larger than the upside reward.
Exit PN17, this is already price in in the share price. See AAX in 1.5