PESONA METRO BHD TAKEOVER OFFER TO PAVE THE COMING BACK OF PUTRAJAYA PERDANA BHD?
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the global equity market recovering from covid, we are hit yet by
another inflation storm fuel by rising interest rate from the US.
Tension from Russia Ukraine war had contributed to volatile commodity
and energy prices.
For
Malaysia, most of the company share price had hit the rock bottom
level. However, for some companies, the rock bottom price level is seen
as an opportunity for major shareholder to do a takeover offer exercise
due to the company underlying valuation or the future prospect of the
company.
In 2022, there are numerous takeover offer exercise in the market. Let us look through a few example.
1. HEXTECH (Formerly known as COMPLETE LOGISTIC SERVICES BHD)
Takeover offer RM 2.50 (Dec 2021)
Current price - RM 13.00
up 500%
2. COMCORP
Takeover offer RM 0.15
Current price - RM 0.90
up 600%
3. CITAGLOBAL
Takeover offer - RM 0.19
Current price - RM 0.26
up 40%
4. MBRIGHT
Takeover offer - RM 0.07
Current price - RM 0.15
up 100%
As
we can see, most of the companies that got takeover will see share
price heading upwards in the later time frame as the takeover offer goes
unconditional.
As of 7 December 2022, PESONA takeover offer from WIE HOCK KIONG become unconditional.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=221548&name=EA_DS_ATTACHMENTS
For
a recap, PESONA METRO is a construction company. The major shareholder
WIE HOCK KIONG is a former CEO of PUTRAJAYA PERDANA BHD which is in
charge of more than RM 10 billion of development in Putrajaya.
As
the covid pandemic rollback a lot of construction progress, it is a
prime time to see Malaysia giving a much needed boost in the
construction and infra structure development.
PESONA
Takeover offer - RM 0.19
Current price - RM 0.235
Based on the example of takeover, the price can be up 40% to 600%.
If PESONA can go up 50% from offer price, share price can go RM 0.30
if 100%, then can go RM 0.40
How far can PESONA share price goes with this takeover offer? Only time will tell.
However,
if PESONA can be a vehicle for the coming back of PUTRAJAYA PERDANA BHD
into the market, that will be a good potential for it to go 500% up
until RM 1.00
IMPORTANT NOTICE
Please
be informed that I am not a professional or certified analyst. I am not
a licensed consultant, just a normal retail investor. I am just sharing
my ideas and opinion on the market outlook. Any company mentioned
should not be interpreted as a buy/sell/trade call. Please do your own
research and buy/sell/trade at your own risk.
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