KUALA LUMPUR: Berjaya Corp Bhd (BCorp) last Friday clinched a deal to sell a 70% stake in its stockbroking arm, Inter-Pacific Securities Sdn Bhd, to Singapore-listed Kim Eng Holdings Ltd for RM142 million.

The RM142 million price tag comprises total net assets of RM100 million and goodwill of RM42 million.

BCorp, in a statement, announced that its subsidiary Inter-Pacific entered into an asset purchase agreement with Kim Eng to transfer the former’s entire stockbroking and related businesses to a special-purpose vehicle (SPV).

The RM142 million sale consideration will be settled in the form of a 30% equity stake in the SPV and a cash payment of RM42 million.

According to Kim Eng’s announcement to the Singapore Exchange, Inter-Pacific’s estimated net profit for the financial year ended April 30, 2010, was about RM14.4 million, while its estimated net asset value as at April 30, 2010, was about RM97 million.

Based on the estimated net asset value of RM97 million, Inter-Pacific is being valued at 1.46 times book, which analysts consider a rather good price for BCorp.

The deal came as a surprise as BCorp and Kim Eng had in end-August announced that discussions to form a partnership had been mutually terminated. The termination came barely two weeks after the duo had disclosed that they were in on-going talks for a strategic partnership, following a report in The Edge Financial Daily.

Nonetheless, this is a pleasant surprise to the local stockbroking industry.

The hefty RM42 million premium that BCorp is able to fetch will probably cheer the other stockbrokers, many of whom are trading below book value.

http://www.theedgemalaysia.com/in-the-fina...g-industry.html

This post has been edited by yok70: Dec 3 2010, 03:22 PM

what's up with suncity?
while sunway still laggard....


This post has been edited by yok70: Dec 3 2010, 03:29 PM

but it's among the closest to the newco's offer price...
...probably new injection to sunreit?

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Added on December 3, 2010, 3:40 pmonly 2 reds in Asian market so far...china and us.


This post has been edited by yok70: Dec 3 2010, 03:40 PM

I got some sleeping...dunno when can awake.
Don't make me wait until next Sarawak election by April!

magician got...up 2 pts...
...today's target is just stay above 1500 mah.
so that Alex won't withdraw his rally TA perspective.


This post has been edited by yok70: Dec 3 2010, 04:58 PM

Axreit recent few days got someone trying to push up the price and put on rather big sell queue at much higher price with some gap.
As at current price of 2.34 with latest 3 quarters + estimated some yield as 3rd qtr for the 4th qtr, yield is only at 6.7%.
I thought to top up some too, but not sure if I should wait for a while for it to consolidate.

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Added on December 3, 2010, 10:25 pmArreit has been laggard recently. Guess 0.905 is a good entry point, may top up some too before it catches up with other reits.


This post has been edited by yok70: Dec 3 2010, 10:25 PM

How you calculate to get RM2.7? What yield % you expecting?

I got the latest 3 qtr DPU to be 3.7, 4.0, 4.0.
Then I estimate the upcoming qtr to be 4.28 (7% more income as for newly acquisitions, as research house estimates a 5-10% gain)
That gives a total of 15.98 sen (quite far away from your 19 sen)
Therefore yield % = 15.98 / 2.34 (today closing price) = 6.82%

Please enlighten me. Thanks!

If its yield goes up to 20% how?
I also love it that way but too optimistic.

Was he? Misunderstood loh.

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Added on December 3, 2010, 11:19 pmAnyone has research paper on Tecnic? Since so hot now, wanna take a look also.


This post has been edited by yok70: Dec 3 2010, 11:19 PM

Bursa is so not informative.

I read this page trying to understand warrants, and I can't find answer.
http://www.klse.com.my/website/bm/products...d_warrants.html

My immediate questions:
1. -W is what? call warrant or put warrant?
2. What's the difference between call/put warrant?
3. What happen when the call/put warrant expire?

Until now, I still getting all kinds of different answers. Try to find accurate answer at Bursa (since I worry different market has different definitions) but can't find any.

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Added on December 3, 2010, 11:47 pmThanks for the info.

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Added on December 3, 2010, 11:51 pmThe world is fair. Expansion comes with dilution. As long as it has enough jobs for the expansion...this, gotta wait for papers to come. lazy lazy...

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Added on December 3, 2010, 11:52 pmmy first buying was at 0.845.


This post has been edited by yok70: Dec 3 2010, 11:52 PM

Thanks!!


This post has been edited by yok70: Dec 4 2010, 05:21 PM

I think what he means is that CI high, stocks are moving up high, so can earn much more than defensive REIT, which usually moves only 4 times a year (while declaring dividends)

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Added on December 5, 2010, 1:40 pmI guess for those who can't take stress or those who is already rich, may play safe game on divvi stocks/reit. Since only the divvi received already large amount, enough to buy benz.
On the other hand, those new player who has little capital, may play higher risk stocks, hoping to grow more capital from their tiny capital.


This post has been edited by yok70: Dec 5 2010, 01:40 PM

There has no free lunch in this world, has it?
As for me, if I am a millionaire and heading towards my golden years, I'm pretty sure I'll only invest in REITs. So I only need to read the newspaper once a week to update myself of world economy. I won't spend so much time on stocks as today.

wondering how much the korea war can affect our market, as US and China also kind of tense on it right now (inclusive of Japan-China issue in addition to the korea one).
sigh! buy or sell? I'm newbie woh, give me such challenge so fast meh!

This post has been edited by yok70: Dec 5 2010, 06:47 PM

Not yet one year. But not very young also lah.
My graduation day will be when I reach 5 years.

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Added on December 5, 2010, 9:31 pmYa, agree that many don't have any idea what REIT is. I was quite surprise when talking to them, and some have more than 10 years trading experience. And not to mention TA, almost zero % of those I know care to learn TA. However, for long term (3 years and above as defined by unit trust) investment, it makes sense that TA is not so important. Remember pana always said. just buy lah, why care that few cents to queue.
I can see nowadays, investors are getting more and more pro, willing to learn to understand FA and TA, instead of by TIPS. A lot of old folks play stock by TIPS. I also have a friend that his father is actually having a "retired bosses fund". They retired, and they are very rich. What they do is they gather millions in hand, and play/create TIPs to earn money. They are what we called sharks.
I kena a few times by tips thing. Now, I rather stay safe, buy on good FA stocks, with the support of TA.

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Added on December 5, 2010, 9:32 pmTaikor, would you mind sharing your comments on current market situation? I am kind of worry on two things:
1. korea war that involved china and US, and also sort of involved Japan now!

2. hot money. I was wondering if our index was being pushed up 5-10% by it directly or indirectly, what could happen when it leaves us? Will our index drops 5-10%? do you mind share your pass experience on hot money issue as when comparing it with current situation of malaysia economy?

Thanks!!


This post has been edited by yok70: Dec 5 2010, 09:32 PM

Are you making profit?

Thanks!

In this case, the "buying for christmas" wish in US may not be as good in Asia....it's a buy low vs. average down case here. Gotta do some math on calculating the possibility ratio now. 344*0.485+(435.657^87-847*0.7463)/((22*3930.57-445)+(77880.32/654).....

wah....holding power is really important woh. If you hold those in 2009, now you probably double capital already.
so first lesson to learn: holding power if there is no reason to sell.

This is what buffett said right? he said hold gains more, because if you sell, you may not be able to catch the first train when it rally.
I did set up a target of 70% profile keep for mid/long term, 30% for speculations. But until today, still hard to achieve that. Because my profile still not clean, still got some underperform laggard stocks with huge loss right now, so capital stuck. Such as bjcorp, msports, supermax, p&o. Why i still keep them? Because 1. huge loss. 2. still got hope on them to rebound.

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Added on December 5, 2010, 10:51 pmya, tuition fee paid and learn.
one said, stock trading is very easy, just hold some good stocks, don't sell until 100% profit. And for those losing, cut loss when it reach 30%.



This post has been edited by yok70: Dec 5 2010, 10:51 PM

Thanks for the comments.
From your attachments, what I see was when interest rate gets lower, it triggers market index goes lower as volume is losing too. And Investment Advisers earlier bullish call was fake while the market continues to get bearish, and these advisers turn their call into bearish at last. Quite scary to see this!

This post has been edited by yok70: Dec 6 2010, 02:26 AM