Lavender is a member since 15-Apr-2010.
Farlim is a property stock. Still laggard.
Others has run up quite a fair bit. Any news
on this counter?
27-Mar-2013 11:02 AM
A merger exercise is on the cards for AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd to create a larger group in efforts to gear up for expansion.
Last night, all three companies requested for suspension of trading from today until Monday pending a material announcement expected to be made on Friday.
Sources said the merger exercise will likely be done through a special purpose vehicle (SPV) which will acquire shares in AIC, Jotech and AutoV via share swaps. The SPV will then take over the listing status of one of the three companies.
Notably, all three companies share a common shareholder in Datuk Goh Tian Chuan, and there are cross-shareholding links between the three companies.
Filings show that Goh holds a direct 6.48% stake in Jotech, a 0.49% stake in AutoV and a 20.42% stake in AIC.
Jotech also holds a 16.12% stake in AIC, while AIC holds 19.88% stake in AutoV.
28-Jul-2011 8:24 AM
I doubt so, the directors selling Jotech shares. Autov is opposite, buying shares.
27-Jul-2011 2:57 PM
Any insider news? Joint-venture, buy over?
Please share. Thanks.
27-Jul-2011 8:50 AM
Today prices moving up. Look out.
It's mostly speculative.
24-Jun-2011 10:02 AM
HWGB traded to a high of RM1.00 and its warrants was doing at RM0.965 in Feb 2011. Now its trading at 1/3 and less. Is the stock worth buying or holding?
22-Jun-2011 8:48 AM
Taken from RHB Invest dated 12/4/10. Tan Chong & Proton has run.
Top Story : Motor - Stronger Rebound in 2010. Overweight.
Tan Chong - Fair Value raised to RM5.26 (from RM3.60 previously) Outperform.
UMW - Fair value increased to RM7.52 (previously RM6.71) based on 16X PER. Outperform
Proton – Fair value is maintained at RM5.48 based on stripped down book value
- With Malaysia’s economic recovery gaining momentum, the motor sector is expected to pick up considerably on the back of: 1) increase in economic activities; 2) better business conditions and 3) improving consumer sentiment.
- Previously, due to the weak economy, we saw consumers’ preference shift towards more economical cars. However, with the economic recovery now gaining traction, we expect consumers to regain their spending power and demand for premium vehicles.
- The weakening US$ and JPY against RM in 2010 will likely lower the imported CKD kits costs given foreign part estimates of 35-40% and 60-70% for Perodua and Toyota cars respectively. YTD, we note that RM has appreciated by 6
15-Apr-2010 11:42 AM
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