M K Wong

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Joined Oct 2018

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This user has been posting inappropriate comments recently.
M K Wong replied to comment on CAPITALA.
Meaw.... You have a point... I could be wrong.
7 hours · translate
M K Wong replied to comment on GENM.
Are you aware that there are legal ways for a holding Co to extract profit and cash out from subsi? That's what Corporate Finance dept do and Gent have an team to do it. They don't need to declare dividend to extract profit
18 hours · translate
M K Wong replied to comment on CAPITALA.
It's a price adjustment for ex date and not a price drop. But yes... The price WILL be adjusted DOWN by at least RM0. 6 on that day.
1 day · translate
M K Wong replied to comment on GENM.
Open forum... Presenting facts and opinion... Can't accept it and accuse others of having a motive... So pityful....
1 day · translate
M K Wong replied to comment on GENM.
Serba inflated their numbers to look good and avoid PN17. LKT have no intention to inflate the bottom line. He will only try to bring it down by extracting profit to holding Co. Pressing the EPS down and object to any reso to declare dividend. His finger control 63% voting right.
1 day · translate
M K Wong replied to comment on GENM.
Johnny, EPS depends on profit... they can extract profit legally. So, profit of the company is "controlled"... Eps is therefore controlled by 1 person. Future DY would be NIL. In theory, EPS drop... Valuation drop... Share price drop... Proxy buy it and then sell. Make profit or loss is not important... Its left and right pocket. Corporate game. Its all legal.
2 days · translate
M K Wong replied to comment on CAPITALA.
William, in theory... Yes the price adjustment is about RM0. 6 +-... Depending on share price of both counter.
2 days · translate
M K Wong replied to comment on CAPITALA.
Every 1 CapA share will get 0.389 of AAX share. I'll round it to 0.4. AAX share is worth 1.6....so fraction of 0.4 is RM0. 6+.

This is dividend in specie so CapA is giving RM0. 6 as dividend. On ex date, CapA share adjust down by 0.6.
2 days · translate
M K Wong replied to comment on GENM.
Legally it's right but morally wrong, company can be profitable. Minority want to propose dividend... Table the reso in AGM or EGM... His 1 finger is 60% voting right. Guess who control reso approve or not.

He got an entire floor of corporate finance managers in Wisma Genting to help extract profit for holding Co and its all legally comply to law, no need to declare dividend.
2 days · translate
M K Wong replied to comment on GENM.
Johnny, there are dozens of ways holding Co can extract profit from subsi without using dividend
3 days · translate
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