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just need to know that these two Chuah are not Chuah Choon Bin. These are the "crafts" from Luster - private placements (2x) along with some diversifications/acquisitions activities. Just need to pay attention whether similar crafts happening in Aimflex; red flags if you are seeing it in Aimflex.
@cheng
Chuah Chong Ewe was the ceo of pentamaster. Just like your pmetal, do you think pmetal can make it without koon poh ming? He's the key person when comes to pmetal success, together with his brothers... Sometimes people wonder why pmbtech is worth 3 billion... The answer is simple, it's because the management are all Koon...
Chuah choon bin was the chairman of pentamaster... No doubt an engineering mindset is vital in making a company to be successful especially if the company is operating in the tech sector. Just check out lfecorp, another "craft" that was made by Chuah brothers...
Thanks for sharing, sea bobo. If it is the same two Chuah, then, yes, you should keep an eye on the same crafts - pp and diversifications/acquisitions :)
Chuah subscribed to the pp and became the major shareholder of aimflex, there's nothing special here. The acquisitions that they made last year were not those hanky panky deals like what conman would do to move the cash out from the company to his pocket. They are align with the group's strategy. Ps, his son is the current CFO.
Yes, this chuah is the one who joined penta years ago as the ceo. I think it's better to read through first before making a wild assumption here la...
I bought aimflex because of one simple thing, the Chuah brothers are behind it... Just like pmbtech got pmetal behind it, boilermech got QL behind it (I know they are very big and it's unfair to say that penta is at their scales)...
Please don't take what I say here as promoting the company. It's never my intention to bait water fish... I'm just a small fry with an intention to make friends and learn from their inputs.
Penta got listed on Bursa Malaysia on 23 July 2003 at RM1.40 and moved to the Main Market in 2004.
Chuah Chong Ewe joined Pentamaster in 2015 when the share price was only 2 sen. After that, the company got pioneer status for 10 years, got listed on HKEX in 2018, and even won a Forbes award in the same year for delivering the highest returns to shareholders over three years. Before Chuah joined
Before Chuah joined, Penta's financials were in the red for about 12 years, and the share price had dropped from RM1.40 to just 2 sen. But after he came on board, the company's CAGR shot up to 45.4% between FY2015 and FY2019.
Chuah resigned in 2021, right when the share price was at its peak. But even now, he still holds 6.3% of Penta, which is worth about RM183 million.
From 2015 to 2021, Penta’s share price surged more than 10,000%! (Chuah joined in 2015 and left in 2021).
haha, adama. Or choose a safer route if you are early in the game - Paypal :) It has assets in cryptos. lower risk, lower gains but still decent enough.
Bitcoin: the ultimate gamble. These are the daring pursuits of the fearless entrepreneur. Your tonight mission: to place your bet and all in with 100x leverage; to seek out untapped opportunities and limitless wealth; to boldly risk everything where no man has risked before!
Anything can happen in the stock market , and we can observe a person through his actions. He never sold any shares, even resigned from Penta BOD . Like I said , his stake in Penta is enough to privatise AIMF
With a total asset of RM 160 mil , net cash of RM 100 mil , he is surely planning on something . If the share price doesn't perform , he might as well privatise it or list in NYSE . Bursa is too slow and small
Take a look at the balance sheet for JFTech, Coraza, Oppstar, and TTVHB, and company them with AIM. JFTech’s market cap today is RM742 mil, 2.5x more than AIM. They’ve been quietly working hard on FA. Shariah funds pushing down the price – I see this as an opportunity to accumulate. Dont let others affect your investment decision. Study and do your own research.
the two Chuah from Luster, Nick :) apparently, aimflex round 1 pp completed. Old habits die hard as the saying goes. Luster Chuah's tickets are at 0.127.
haha, Derrick. Bcos it is a public forum? your buy call is good and other comments are bad? are you ok? Dont take it too serious, bro. Feedbacks is a gift :)
@cheng
Without majority interest, why should he take effort to turnaround the company? I mentioned just now the Chuah brothers weren't the founders of istone, but the grads from UTM are. Easiest way to become the major shareholder is through pp, but Not acquire from the open market.
If the MD of a company is someone without majority interest (no skin in the game), what's his motivation to push the company to next level? Bigger bonus?
You may share your findings too.
In Bursa , only genuine owner dares to put their family members in BOD , BOD has to be responsible with everything they sign and etc . Syndicated counters only put proxies in BOD , you have no idea who the real owner is, and they don't want to be responsible if anything goes wrong
50m distribute as div then it will fly..ROE so low, PE even excluding Forex loss still 20++ consider a bit high for penny stock..0.13 Mari Mari home. Best is around 0.1
Take a look at the balance sheet for JFTech, Coraza, Oppstar, and TTVHB, and company them with AIM. JFTech’s market cap today is RM742 mil, 2.5x more than AIM.
I'm thinking if penta really wants to buy a stake in aimflex... Will aimflex do another round of pp again... If yes, then the drop in the share price make sense lol...
Companies that really want cash will jack up the share price first before pp... But aimflex is different, they don't want the 'fat water flow into foreign land'... Probably will do another round of pp at a dirt cheap price for penta to subscribe...
The stock price was intentionally driven down using two negative events. First, the quarterly loss, which was primarily due to forex. Second, the announcement of non-Shariah compliance further spooked funds. These moves successfully crashed the price, causing funds to lose patience and exit. Only then did they return with strong support at the current level, as evidenced by their share buyback.
When investing in a company, always focus on its fundamentals, growth prospects, and the quality of
No need PP , just buy it from lobster. Since Lobster is only a holding company, their cost in Lobster is just around 2 - 3 sen , and the price surge more than 1400% to 0.3 in 2020, so this is free shell for them already
Ah, makes sense also, just buy it from luster...
Well I'm just trying to guess the reason why the price is constantly hovering at this level even though shariah funds already exit...
I will not comment further . If you think that this company has no prospects , you can always buy other companies . There are a lot more companies in Bursa , including the 55 IPOs in 2024 XD