Do not ask me why an investor would buy an ICPS at its peak of 13¢, and then forked out another 49.5¢ for a share of the Focus mothers—which were trading at 60 to 70¢ at the time. They thought I was crazy when I told them to wait for 0.5¢! Hehe:) If you cannot predict the future, go for bank deposits then:)

Google AI:
"Focus Dynamics Group Berhad accrued approximately RM63.34 million in cash from investors utilizing the ICPS's cash-supplement conversion route."

The RM112M (for The Arch Galeries—51% then, but 75% now) was deposited into a separate account and protected, not so much for the RM63M! That is, the net profit/loss cannot reflect the enormous cash generated or some wasted cash like the LKL "investment"!

For the 0.5¢ shareholders, any previous money contribution from former naive investors is a bonus:)

Google AI:
"Focus Dynamics Group Berhad officially issued its Irredeemable Convertible Preference Shares (ICPS) on 27 November 2020, and they were subsequently listed on the Bursa Malaysia ACE Market on 3 December 2020. Through this renounceable rights issue exercise, the company raised a total of RM112.44 million."

The HK shark bought back all the forced-selling shares from the Lambo sharks through Morgan Stanley across several internal accounts, keeping each one under 5%. If you want to trade this stock, you must know every single detail, not just the superficial volume data!

Google AI:
"In 2025, Focus Dynamics Group Berhad (0116.KL) had a daily trading volume exceeding 100,000,000 shares on 31 July 2025. On this specific trading day, Morgan Stanley & Co International plc processed a forced disposal of 200,000,000 shares (representing a 3.14% stake in the company) to satisfy a margin call. This massive chunk of pledged shares being offloaded directly caused the stock's single-day volume to spike far past the 100 million threshold."

Unfortunately, you are not a shark! This stock does not operate like a normal one; sharks still control probably 80% to 90% of the shares.

Just LKL alone was RM37.5M, which is worth almost nothing today! The second largest shareholder of Oversea (0153) was the HK shark, but several years later, it became the LKL founder—go figure! Hence, the 0.5¢ price is critical for guarding against all risks.

These enormous shares have been a constant source of artificial net profit or loss each quarter since 2019. Paper profits and losses (non-cash items) must be adjusted before calculating the final net profit or loss.

If you think Focus Dynamics is spending its cash generated from operating activities only on new outlets or The Arch Galeries, think again!

Google AI:
"Based on public filings and acquisition announcements since 2019, Focus Dynamics Group Berhad has invested an estimated total of RM81.53 million across its five primary strategic targets (excluding the undisclosed cost for the Saudee Group subscription)."

Google AI:
"Based on the financial reports and announcements from Focus Dynamics Group Berhad (0116), the company has opened approximately 7 to 8 new F&B outlets in the past 24 months (May 2024 – May 2026). These openings include the expansion of The Lemon Tree brand into new leased locations, the launch of new nightlife concepts like Zest and L1 Club, and the progressive unveiling of tenants at its flagship hub, The Arch Galleries."