Popular Holdings

[KopiKat]

Why is the buyer in such a hurry to accumulate so aggressively?

I thought this appears to be an anticipation of privatisation efforts by mr chou. The run-up in price seems to have discouraged popular from performing more share buy backs. Perhaps this may motivate mr chou to launch an offer sooner rather than later. After all, he has been buying back shares on his personal account, and the company's account, for the past year.

I will be surprised if the q3 results surprise on the upside.

IIRC, there's a 30-days period before the release of quarterly results where they can't do any shares transactions.

As for the G.O. which many of us were speculating way back when it was closer to 20ct (which also motivated us to accumulate like crazy back then..), current close of 30.5ct is already >25% above NAV or >50% above the price back then. To be honest, it's higher than my speculated G.O. price back then...Seems so long ago, but only less than a year back.....

As for the upcoming Q3 results, IMO, their Property segment remains the joker in the pack. From Q2, there were $75M in Devt Property (8Raja + Purmei?) + $12M in Property Held for Sale (18 Shelford). That'd add a lot to the Cash if they managed to sell... But, with the 7th Cooling Measure, we can only curse their bad timing if they'd not managed to sell any (din see any caveats lodged in URA site) or to finally make some good profits...