Thursday, July 31, 2014


Stock Short NameTIMEDNEX
Stock Number44564456

The Company’s shares will be traded and quoted under the new name with effect from
26 May 2014

Wednesday, July 30, 2014

REACH ENERGY Berhad IPO - Closing on 4-8-2014 !

Issue Price
Share Issue A/C No.
Stock Name
Stock Code
Total Shares Offered (mil.)
Shares Offered To M'sian Public (mil.)
Bursa Malaysia
Opening Date
24 July 2014
Closing Date
04 Aug 2014
Ballot Date
07 Aug 2014
Listing Date
 15 Aug 2014
Issuing House

Tuesday, July 29, 2014

BookFest Malaysia by POPULAR

Date : 26 July - 3 August 2014 

Time : 10.00 am - 10.00 pm  
Venue : Kuala Lumpur Convention Centre (KLCC)

Friday, July 18, 2014

The Importance of Share Price by Koon Yew Yin

Another valuable and great advise by KYY on investing in share market.
Author: Koon Yew Yin | Publish date: Sun, 13 Jul 00:26

Koon Yew Yin

After having being a company director for a long time and having read hundreds of analyst and company annual reports in search for good public listed shares for investment, I think I have some knowledge and experience to share with you. I hope this article will benefit all investors and I also hope company directors can get some ideas to create more value for their shareholders.

The price of a share is indeed an interesting item. It had brought joy to many and brought tears to just as many, if not more, investors.

There is a classical saying ‘good management produces good share price and bad management produces bad share price’. When you select a share to buy, you expect to gain from the dividend and the appreciation of the share price; both of which are important catalyst to move share price.

Share price is an indicator about the health of the company. Increased profits, for example, will drive the stock price up; excessive debt, for example, will drive it down.

The share price has a profound effect on the company overall: for example, a declining share price will make it hard to secure credit, attract further investors, build partnerships, etc. Also, when employees are often holding stock options, a declining share price can severely dampen morale. In an extreme case, if the share price plummets too far, the company can be delisted from the stock market.

It is every clever businessman’s dream to list his company in the stock market to get more capital to expand his business. An initial public offering (IPO) is the way most companies get their shares traded in the stock market.

However, companies often go to market again and again to issue/sell more shares, after their IPO to raise more money to expand their operation. A clever way is to issue rights to buy the share together with bonus and free warrants which would encourage more investors to buy their shares, thus pushing the original share price higher.

Besides these secondary offerings, some smart companies issue shares to acquire land, factories or competitors to expand their operations to benefit shareholders. Unfortunately I seldom see companies making use of the advantage of their listed status which is like having a license from Bank Negara to print dud notes.

Why don’t they take advantage of this privilege of printing dud notes to acquire assets more often?

When a company goes back to the market to raise additional funds for expansion, the share price of the company's existing shares that are being traded is a good indicator of what they may expect to get for a secondary offering of shares.

To get the same amount of money, a company with a higher share price will require to issue less number of shares than another company with a lower share price bearing in mind that all the new issues will dilute existing shares of the company.

Also, consider corporate acquisitions: When one company wants to buy another, instead of the transaction being entirely in cash, there is often an equity component, which involves swapping shares of the company being acquired for new shares in the acquiring company or merged company. In that case, the values of the shares in the public marketplace also matter, to provide relative valuations for the companies, etc .

We often see examples of many companies where corporate exercises can sometimes undermined the value of share price, especially in cases where a company's profit growth is challenged. In situation like this, it shows that management is unable to make use of the funds raised to increase future earnings vis-a-vis the value of the business, leading to a destruction in shareholders's value where the dilution outweighs any advantages.

The importance of share price will therefore be valid provided the following conditions apply:

1. The business in question must in the first place be a well run business with consistent profit growth where the increase in share price is in alignment with the increase in the value of the business.

2. Any corporate exercises undertaken by leveraging on the "share price" (underlying value of the business) will be advantageous in increasing shareholders' value provided that the potential increase in the value of the business outweighs the dilution impact of the corporate exercise. (This is where management's expertise and judgement comes in. Very often, the entrepreneurial type of management has the ability to conjure up deals that tend to increase the business value more than the dilution impact, leading to an increase in shareholders's value. This is because entrepreneurs are instinctively able to see the "wood from the tree " and are able to make decisions that effectively increase shareholders' value. Education and qualification are helpful but not a pre-requisite to be enterprising.

If these two conditions are met, all good management should, in my opinion make full use and take advantage of its share price to grow and expand the business. The ability to use the share price or value of the business to finance the growth of the business is always an option that should be explored as long as the exercise can improve shareholders' value. Failing to do so is akin to not optimizing the resources at management's disposal to act in the best interest of the company.

Bear in mind that when you select shares you should not be unduly impressed with higher educational qualification of the members of the Boards. There are some CEOs with very impressive university degrees cannot perform and yet shareholders cannot remove them because of their controlling share holdings.

Good companies invariably have good businessmen or entrepreneurs as directors. Clever businessmen do not necessarily have tertiary qualifications e.g. Tan Sri Yeoh Tiong Lay of YTL, Tan Sri Lim Goh Tong of Genting and Tan Sri Teh Hong Piow of Public Bank.

Thursday, July 17, 2014


Stock Number15891589

The Company’s shares will be traded and quoted under the new name with effect from Friday, 18 July 2014

Tuesday, July 8, 2014

TANAH MAKMUR Berhad IPO - Oversubscribed by 14.45 times !

TANAH MAKMUR Berhad IPO attracted a total of 16,828 applications for 309,023,100 IPO Shares from the Malaysian public for 20,000,000 IPO Shares for public subscription, representing an over-subscription rate of 14.45 times.

A total of 7,914 applications for 123,000,100 shares were received under Bumiputera category, representing an over-subscription rate of 11.30 times.

For non-Bumiputera portion, 8,914 applications for 186,023,000 shares were received, representing an over-subscription rate of 17.60 times.

Tanah Makmur Berhad is expected to be listed on the Main Board of Bursa Malaysia on 17 July 2014. The stock name is TMakmur and stock code is 5152.

Thursday, July 3, 2014

TANAH MAKMUR Berhad IPO - LAST DAY for subscription !

Issue Price
Share Issue A/C No.
Stock Name
Stock Code
Total Shares Offered (mil.)
Shares Offered To M'sian Public (mil.)
Bursa Malaysia
Opening Date
36 June 2014
Closing Date
03 July 2014
Ballot Date
07 July 2014
Listing Date
17 July 2014
Issuing House

Tuesday, July 1, 2014

Econpile IPO - Continue moving up !

ECONPILE BHD made debut in BURSA Malaysia yesterday (30/6/2014) with a premium of 0.165 sen or 30% gains.

Today it continue to climb and closed up another 0.065 sen.

A total gain of 0.23 sen in two days.

The price changed from IPO Price of 0.54 sen to 0.77 sen.

Day 2 price movement:-

Day 1 price movement:-

Related Posts Plugin for WordPress, Blogger...

Blogs I Followed