KLSE (MYR): AJI (2658)
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Last Price
18.52
Today's Change
+0.20 (1.09%)
Day's Change
18.22 - 18.60
Trading Volume
23,700
Market Cap
1,126 Million
NOSH
61 Million
Avg Volume (4 weeks)
51,955
4 Weeks Range
17.00 - 19.64
4 Weeks Price Volatility (%)
52 Weeks Range
14.10 - 19.64
52 Weeks Price Volatility (%)
Previous Close
18.52
Open
18.22
Bid
18.46 x 500
Ask
18.68 x 1,600
Day's Range
18.22 - 18.60
Trading Volume
23,700
Latest Quarter | Ann. Date
31-Dec-2023 [#3] | 29-Feb-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 30-May-2024
T4Q P/E | EY
18.67 | 5.36%
T4Q DY | Payout %
0.49% | 9.17%
T4Q NAPS | P/NAPS
9.22 | 2.01
T4Q NP Margin | ROE
9.40% | 10.76%
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: FOOD& BEVERAGES
Subsector: FOOD& BEVERAGES
Description:
Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling of monosodium glutamate (MSG) and other related products. The company operates through two segments. Its Consumer business segment manufactures and distributes various consumer products, seasonings as well as provides services in relation to the food industry. The Industrial business segment consists of production and distribution of MSG for industry-use and industrial seasonings. In addition, it offers retail products under the brands, such as AJI-NO-MOTO, TUMIX, SERI-AJI, AJI-SHIO, Pal Sweet, AJI-MIX and AJI-NO-MOTO PLUS. The company's industrial products include hydrolyzed vegetable protein (HVP), AJI-AROMA, AJIMATE and ACTIVA TG.
8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities
2023-08-02 08:25
2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”
c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)
This Announcement is dated 20 July 2023
2023-08-02 08:31
After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.
as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000
Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000
total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000
=203857000/60799000
=RM3.35 per shares
2023-08-02 08:46
Now the most important thing is the disposal of land need to be successfully complete as scheduled..
2023-08-02 08:48
30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000
Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%
2023-08-25 08:18
Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!
2023-09-01 07:34
Malaysia gov should stop all tax incentives to all Japanese companies for such selfish acts!
2023-09-01 07:37
Over the past few years, the ROE of this company has gone below 10% despite growing revenue. Has it lost control of its gross margins? Not a good sign
2023-09-01 08:06
Inflated cost with artificial transfer pricing at the expense of minority shareholders
2023-09-01 09:30
too bad, nuclear waste dumping
japanese co image tarnish
worst still if raw materials contaminated..
2023-09-04 11:09
Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..?
So why we worry for the recent downtrend..
top up some @ RM 15.90 rare opportunity
2023-09-05 08:18
The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024
Completion of the Proposed Disposal End March 2024
2023-10-07 08:28
AJINOMOTO (MALAYSIA) BERHAD ("AMB" OR "COMPANY") PROPOSED DISPOSAL OF 6 CONTIGUOUS PARCELS OF LANDS WITH REDEVELOPMENT POTENTIAL WHERE ERECTED UPON ARE VARIOUS BUILDINGS HELD UNDER LOT NOS. 6269, 49366, PT 22910, 47088, PT 4508 AND 22968 IN MUKIM OF KUALA LUMPUR, DISTRICT OF KUALA LUMPUR, FEDERAL TERRITORY OF KUALA LUMPUR FOR A CASH CONSIDERATION OF RM408,000,000 ("PROPOSED DISPOSAL")
On behalf of the Board of Directors of AMB, Inter-Pacific Securities Sdn Bhd wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 6 December 2023.
2023-12-07 08:21
When a Sale and Purchase Agreement (SPA) becomes unconditional, it means that all the conditions and contingencies outlined in the agreement have been met or waived, and the contract is now legally binding on both parties involved. This typically occurs when all necessary approvals, inspections, financing arrangements, or any other specified conditions have been satisfied or waived, allowing the transaction to proceed to completion. Once the SPA is unconditional, both the buyer and seller are obligated to fulfill their respective obligations as outlined in the agreement.
2023-12-07 08:21
after roller coaster for so many times, already squeeze out short-term trader almost completely.
leaving behind are almost the mid to long-term holders
your patience will be well rewarded..
2023-12-07 14:56
Now you can relax and enjoy you coffee and let the money autopilot to generate your passive income
1 month ago
The disposal of kuchai lama land will bring alot of profits for ajinomoto , this will mean rerating of ajinomoto share price & good special dividend coming mah!
1 month ago
The tentative timetable in relation to the Proposed Disposal is set out below:
Events Tentative Date
EGM for the Proposed Disposal 25 October 2023------->Passed
Fulfilment of all conditions precedent in respect of the Proposed Disposal Mid January 2024-------> Passed
Completion of the Proposed Disposal End March 2024------>ongoing
1 month ago
Hi @Corporate
I m a long-term investor. I hold Aji for long-term. As long as:
(1) Aji continues to growth(Middle East market), then i will keep the shares.
(2) If no growth, then Aji should give at least 4% dividend.
In short, If Aji can't give me above two conditions, then i will sell regardless what the share price is..
At the moment, primarily reason I hold Aji because i hope for growth from the Middle East Halal market..
1 month ago
@Nepo I think engine probably start fully next week. Next QR expected end next week, hope for better QR and some good announcement.
1 month ago
Not exceptional but good QR. No good announcement yet, maybe early next month, fingers crossed.
2 weeks ago
From the QRSales to Other Asian Countries increased substantially, wondering what Other Asian countries does Aji Malaysia sell to..?
2 weeks ago
Look like Completion of the Proposed Disposal End March 2024------>ongoing-----> successfully completed..?
Your patient waiting will be substantially rewarded..😀😀😀
2 weeks ago
Normal pp can only wait to harvest..
smart pp, i.e. insider can sit and relax to harvest
that is y the wealth gap widen..
2 weeks ago
after a few days of pumping, the mgt still not let the cat out of the bag..
like this quite good because existing holders can still enjoy the runnnn.. until the day it announces..and it is the D-Day it gonna to harvest the leeks..
1 week ago
Nikkie breaks all time high like wise AJI..
AJI newly build fully auto factory bring the share price to AI automation high!
1 week ago
Japanese is the best Asean country..as compared to US
Nikkie breaks all time high if you miss Nasdaq...
AJI is your Japanese stock for all time high...
Kawaiii Neh meh!!
1 week ago
New AJI AI fully automated factory become benchmark or role model for industrial 4.0 in malaysia...
So, fly rrrr!!!
1 week ago
After almost one week of profit taking regarding the final confirmation of sales of land at Kuchai, Aji starts to stabilise at around RM 18.50.
Now it is the time to wait for RM 2.1x dividend from the disposal of land, adding to the stabilized share price RM 18.50, realistic price is around RM 20.xx
Are you satisfied with that share price..?
4 days ago
Nepo
ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.
2023-08-01 08:38