11M shares transacted today - the bulk from a negotiated trade at 4:50pm and at the higher 0.35 price. Hopefully that's the big institutional seller offloading their remaining shares to a big buyer, which will mean the end of the current downtrend. Let's see tomorrow if the selling stops and daily volume drops significantly.

At 0.10, the TTM P/E will be 2.5x, and dividend yield 22.5%. P/B is 0.28. Unless there's accounting fraud or their concession contracts got terminated, do you think it's possible?

The 7.8% dividend is dependent on the discount between price and NAV maintaining until the next QR. Price is currently depressed because of CoL selling and NAV surged because the semicon/AI names (Dufu, KGB, SAM, Unisem) are near their 52-wk high. Once either (or both) of this change, the discount will narrow and DY will fall.

It's climbing because of share buyback, e.g. out of the 3.5M transaction volume today, half was share buyback.

@Andreew Agreed, but maybe Astro is not a good example because their business model is fundamentally broken - Genting is a better example :) But unlike them, Taliworks is mainly a concession business - their revenue is almost guaranteed. FY25 earnings was the highest since 2018 and they're still paying 5% DY, so it doesn't make sense that the share price is so low.

Heavy selling on abnormally high volume since last week but no panic - maybe an institutional seller exiting because it's dead money until FY27 - FY28. Price now sits attractively at NTA and is at the lowest since 2014. If you looked at the historical price trend versus revenues and earnings, the current price doesn't make sense.

Bcos they made a RM 65M loss for FY26. But at 7.5c, the market cap is half it's net cash alone. Their properties have not been revalued for a long time, e.g. the Canadian property had a book value of $1.1M but was sold for $9.9M. They will book a RM 25M pre-tax gain on the sale of the Canadian property in Q1 or Q2 FY27 - will there be a special dividend? 3 mths after Tan Sri died, his children shut down Canadian ops and monetized the asset - more to come?

There's still 1-2 quarters left of CAPEX (RM 15M more) for their new factory. They're affected by the strong RM since most of their revenue comes from exports. Plastic packaging cost will also go up substantially because of the Iran war. And yes, they're a good privatisation candidate.

@接票侠 Need to see if they can optimize the cost for TBS SG and whether B&L Jakarta will be as profitable as B&L KLCC. They also need to improve TBS MY - the Q1 margin was only 0.6%. Not forgetting in the coming months, there will be additional startup costs for YR MY and SG, and also B&L Penang. That said, their net cash position and NTA only dropped slightly, from 0.1865 to 0.1704 - hopefully they're able to maintain the 0.01 dividend, which is btw, way above their 30% dividend policy in the AR. Let's see market reaction when trading opens on next week.

@Lucky Notice I said SHOULD and not WILL be better? I can only infer from the rosy Q4 QR, in which Management did not disclose the high rentals and salary cost at TBS SG, which resulted in a RM 4.38M loss - the main drag for Q1. Now they suddenly say to expect a 9-18 months gestation period. They also didn't guide to the high opening cost of B&L Jakarta, where despite a great RM 2.2M revenue in the first 3 months, it suffered a loss of RM 591K.

Were they unethical or genuinely inexperienced? That's something to think about.

Hopefully you're capable of typing a more intelligent comment AND about the company in the future, instead of childish sarcasm that brings ZERO value to the community.