Gocean: The company is a specialty cooking oil exporter. The buying interests may be due to investors' expectations that the company may post an improved quarterly financial results for the quarter ended September 30 2012.
The company, which has been bleeding for four years, is banking on the Novelin technology to get back to profitability. Malaysian Palm Oil Board developed the technology and Green Oceanpays the board a royalty for a 20-year exclusive use. The Novelin technology allows Green Ocean to produce cooking oil which has cold stability at zero degree Celcius, which means it can be used during the cold winter period. Palm-based products tend to solidify at about 24.1 degree Celcius, which means palm oil-based cooking oil can't be used during winter.
It was reported that the company is targeting a net profit of RM2.5 million for the financial year ending March 31 2013 and RM15-20 million net profit for the financial year ending March 31 2014. However, the management clarified that the target is achievable provided it signed a supply and production deal with a conglomerate. In February 2012, GreenOcean said it was still in talks with the conglomerate. To date, no agreement has been signed.
It was reported that the company is targeting a net profit of RM2.5 million for the financial year ending March 31 2013 and RM15-20 million net profit for the financial year ending March 31 2014. However, the management clarified that the target is achievable provided it signed a supply and production deal with a conglomerate. In February 2012, GreenOcean said it was still in talks with the conglomerate. To date, no agreement has been signed.
Mtronic: A building and industrial automation specialist had disposed of a subsidiary at attractive valuations in early Oct 2012. This prompted expectations that the company will use the sale proceeds to finance new business ventures. The company is also anticipated of board and management changes.
On Oct 5, 2012 Mtronic was selling its 51% stake in Mtronic I-Cares Sdn Bhd for rm10.2 million cash.
Datuk Raymond Chan had 5.18% stake in Mtronic but disposed them in the open market in July 2012. The firm saw the emergence of two new substantial shareholders with a combined stake of about 10% after its MD Ng ceased to be a major shareholder.
AMedia: AMedia posted a net profit of rm4.28 million on revenue of rm11.14 million for the second quarter ended June 30, 2012. Its net assets per share stood at 30.61 sen.
Wong SK Holdings Sdn Bhd is the controlling shareholder with 41.47% equity interest, while TA Unit Trust Management Bhd wons 2.38% stake.
Its CEO expects the share price to “stablise” sooner or later (11 Oct 2012). As a promoter and major shareholder, he had not sold a single share since the company was floated on BursaMalaysia. Market observers said that the company shares were sold down on concerns that the market for outdoor digital electronic display advertising would entail high replacement costs because of the bad habit of certain Malaysians who vandalised things placed at public places.
Pharmaniaga: This acquisition, if it materialises could be a major catalyst for the stock given the sheer size of the Indonesian population (237 million versus 28 million in Malaysia) and its already established distribution network there. Another key catalyst would be the EU GMP certification, which is expected in the first quarter of 2013. That will pave the way for entry into new markets.
Atlan/BJCorp: Tan Sri Vincent Tan is quietly building a presence in duty free chain operator Atlan, a move that could lead to a change of control in the company and possible a GO situation. Tan’s BJCorp, which is already has a 9.3% stake in Atlan, is set to riase its holding to just over 25% with its plan to acquire a strategic stake in the company held by Cipta Sdn Bhd. On paper, Berjaya’s enlarged shareholding in Atlan does not pose a direct threat to the duty free operator’s dominant shareholder, businessmen Datuk Sei Adam, who holds a 50.17% stake through his privately held vehicle Distinct Continent Sdn Bhd.
BJLand: It expects the construction for the new turf club in Sungai Tinggi, Selangor, to increase to rm1 billion from rm606 million previously due to the rising cost of building materials after years of delay in getting the necessary approvals from the state government. The expected construction cost of the rm1 billion effectively translates into land cost of about rm94 per sq ft for the 245 acres in Sungai Besi, KL that BJLand is acquiring from Selangor Turf Club.
The group needs to complete and deliver the new turf club in Sungai Tinggi to STC before it can redevelop the 245 acres of leashold land in Sungai Besi that is currently owned by the turf club. The redevelopment of the prime Sungai BesiLand is expected to generate several billion ringgit in GDV.
No comments:
Post a Comment