Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
I don't think KTIMB would have such financial strength to acquire OPM with RM290 mil cash. most probably they may swap with Melaka Gov lands and takeover the outstanding loans with MBSB. Imagine if they offer a rm200 mil lands swap, would it help Bintai? Bintai would still face cash flow and operational expenses challenges. You can't liquidate land easily for cash.
as of 31st Dec 2023, term loan with MBSB was RM118.5 mil and KTIMB owing OPM RM58.6 mil. Concessions period remaining around 17 years with annual fee of around RM13.1 mil, subject to 5 years review of not less than 13% adjustment to the annual fee. As per 31st Dec 2023, concession receivables value at RM114.3 mil. Any offered below rm290 mil for 100% stake in OPM would result in losses to Bintai.
as long as no amount of OPM valuation been announced, market won't see it as good news yet. OPM can be acquired with discount and cause losses to Bintai. we never know.
this month would release result quarter ended Feb 2024. looking at Malayan cement and Hume cement results, Esceramics yet to deliver the higher revenue and profit from construction biz. As the two big players already delivered higher result for Q3 and Q4 2023, should there is a delay to smaller player such as Esceramic, this quarter should reflect a better revenue and profit.
@ William, why are you commenting and spending time here in Esceramic if you think this company isn't worth the effort and investment? you should be focusing on the counters that you have invested in or plan to invest in instead of wasting time here as you commented. isn't that you contradicting yourself by commenting and deleting your own comments?
should expect higher revenue due to higher CPO price. unfortunately due to cessation of cocoa biz, the company won't benefit from the steep price rise of cocoa products in 2024.
