No, Cws, or put warrant won't adjust their exercise price due to the announcement. They are not related, as CW, HW are warrant issued by third party, not related at all to the company.

All the babies won't be alive if privatisation exercise finishes, as KNM share no longer in the market or listed, if the privatisation completed. What's for those babies in the market if mother is no there anymore.

There is always clause in the CWs, whenever if the mothershare underlying no longer exist or whatever issue, they had set up rule how to deal with it. Can be final exercise based on privatisation price, or whatever they had put up prior before hand.

If the privatisation price is proposed at 0.90. Probably market fair price should be around 0.85, as it doesn't make sense for anyone to buy beyond or even at 0.90 if privatisation has strong possibilities go through, unless investors 0.90 is huge undervalued and don't want to sell at 0.90 for privatisation plan to go through.

Normally privatisation takes sometimes to be completed. Also, not every privatisation will definitely go through one.

It is in the stage of proposal. There are lot of work need to be done, by then some warrant may expire or near expire already. (sorry

Generally, the clauses are already there when they issue the warrant time. Just one needs to dig into the details of it.

This is not like playing game, that simple can change the rule, but there is short term joy and longer term pain for CWs if privatisation go through.

Short term, KNM share goes up to 0.8x, so CWs follow a bit.
Longer term, KNM share won't go up more than 0.90 so does valuation on CWs, so whatever premium paid will be gone.

Generally if there is privatisation proposal, stock price generally stuck in a range until stituation of the privatisation is clear and near conclusion, until now it is under proposal stage, anything can still happen in between.

Please don't turn me into stone...

Take years may be decade of polishing the stone before it can turn into gold.

It should be called trade surplus data.
Not balance.

Sure boh? for a company that usually five 2/4 cents dividiend one, suddenly give RM1.00?

10 cents already big deal and shareholders will be jumping up and down.

I remembered Digi said they want to give >100% if its profit few days ago, if not mistaken.

Don't heard any of it. But BNM signalled don't expect low interest rate environment will stay long.

But I don't view it can be upped a lot though, max go to 2.5% only for near term or this year.

Interest rate up, means interest payment for refinancing for reit is up also. So it is a negative factor for reit.

Actually with high amount of cash, Resort or Genting Malaysia is a good target for privatisation.

GentingM's short term investment (1.7b) + cash (2.7b) already reach 4.5 billion

While it has 5.7 b outstanding shares, means if offer Rm3.00 it needs roughly 17b. With Genting already hold around 50%, means 8.5b needed only for privatisation. Pay 8.5b which they can access 4.5 billion seems very attractive deal, not to mention GenM generates huge cashflow each year.

Yup, for red chips issue,
because if there is no trust, then whatever figure, EPS, PER is meaningless, as investors don't know those figure is trustable or not, due to some issues happened in Sg.

Until company give real hard cash (dividend) consistently from its profit made, only can slowly gain trust on it.

It is about trust, not PER or whatever figure on the book.

No comment but can read some in SAAG topic http://forum.lowyat.net/topic/1021447/+1340

More and more shares being issued due to bond exchange..

Your remisier actually recommend SAAG?

My gut feeling is that (I am not good and might be wrong),
1. I feel not quite right when all red chips come in all are shoe manufacturers, posted before, why all shoe coming to Malaysia? Malaysian like to buy shoe? Joking only.

2. Why target KLSE? There are lot of bourses with more liquidity and more exciting bourses to list, why Malaysia?

3. PER is extremely low for IPO, as normally company list IPO around 8-12x PER. IPO at 3x PER is seems too cheap. Company willing to accept so low valuation for listing? When something being sold at so low price, why investment banks didn't raise any question on it?

This issue had been mentioned since the first day Euro being formed, this is disadvantage of having single currency. For eg, if Germany inflation is problematic, so need to raise interest rate, but at the other side countries, economy is so poor with high unemployment, then how to tackle this situation? There is no easy solution for this kind of problem.

I don't think so, EU will fight hard for singularity, if not, Euro becomes meaningless and could fall apart, two-tier is a bad starting point which could lead to decoupling.

Market has reserved view on red chips...

Woot, bad for IPO...

Could be low subscription as well.

Photo? Should call graphic ler.

Since it is a listing company, they should have a investor relationship section for publishing the annual report column one.

ISO just means proper procedure in manfacturing or way to do, nothing to do with product quality or company. In fact, almost every company can get ISO certified, if you are willing to spend some effort to do it and get to certified.
I involved before in ISO issue, so know a little bit.

Actually don't have direct relationship. ISO can slow down the productivity if being done inefficiently.

Manufacturing required lot of process and flow, it can be very tedious and affect productivity. Imagine engineers and technician need to do every report and documentation an every single inspection and rectification they do, (some may very minor issue only). The technician might be more busy writing report and prepare documentation as compared to the time spent for fixing.

But proper documentation is very essential for those crucial part or industry. But for the like just furniture fixing, or ordinary non-important product or minor one could be very tedious.
So this may vary from industry to industry.

For more simple eg. You go to car manufacture service centre to service your car vs oridnary Ah Beng workmanshop car repairing.

Service centre with proper documentation with ISO standard procedure could take half an hour just to register your car, type in details, search and review service record etc, blar blar then confirm with you for servicing your car (just changing engine oil and oil filter), which you might only get it done totally after more than 1 hour+.

Go to Ah Beng service shop, tell him want to change engine oil and oil filter, see your service booklet record (or majority none), then straight away draining your engine, flush, then fill up new engine oil, everything done less than half hour)


Yup, but still a lot of people misunderstand the got ISO one, must got quality on their product. In actual fact, no direct relationship.

Which type of "gathering"?

"Huat Chai gathering"?

The high volume on MAS-OR should be taking into consideration.

High volume OR means right holders don't want to exercise the right issue.

Anyone with MAS in hand currently should dispose MAS and buying in MAS-OR, instant can make some money.

OR- is just a right issue right.

You have MAS-OR then you can buy MAS at Rm1.60.

So now MAS is 1.92. If one has MAS currently, and want to hold it one and also don't want to sell or buy or increase/decrease stake of it.
Then it is advisable to dispose MAS at Rm1.92 then buy and use the OR to buy MAS. As your cost for the right issue OR (0.14 + 1.60) = 1.74 only. So you dispose MAS can get 1.92, you have extra or 'earn' 0.18 out of it.