HEXZA
Hexza Corporation Berhad
Company Background
Hexza Buys 50,000 Arm Shares for RM29.5mil as Investment
Hexza Corp Bhd has acquired 50,000 ordinary shares of Arm Holdings PLC for RM29.5mil cash in the open market on the Nasdaq Stock Market.
In a filing with Bursa Malaysia, Hexza said the acquisition is non-operational in nature and is undertaken mainly as an alternative to fixed deposits, money market financial products, and unit trusts.
“Hexza invested in quoted securities with the intention of deriving dividend income and for potential capital gains. Hexza purchased these quoted securities after taking into consideration the overall market conditions,” it said.
Arm is a British semiconductor and software design company based in Cambridge, England, whose primary business is the design of central processing unit (CPU) cores that implement the ARM architecture family of instruction sets.
In a separate filing, Hexza said it disposed of 216,394 ordinary shares of Symbotic Inc for RM23mil on the Nasdaq Stock Market.
It said Symbotic shares were purchased between April 28, 2023 and July 26, 2024 at an average cost of US$39.272 per share.
“The proceeds from the disposal will be used for working capital and/or to reinvest in other quoted shares,” it said.
$HEXZA / 3298 (HEXZA CORPORATION BERHAD)
https://cutt.ly/YeWfdTGL
Change in Principal Officer - MR LOKE PENG SIN
$HEXZA / 3298 (HEXZA CORPORATION BERHAD): Sell at Wrong Time, Miss Big Profit
In 2023, $HEXZA / 3298 (HEXZA CORPORATION BERHAD) sold 18,000 shares of NVDA in September 2023 and 10,000 shares in October 2023 (https://cutt.ly/ReinhNXV). As per the announcement in December 2023, the company plans to divest another 20,000 NVDA shares over the next 12 months.
The question arises: How many NVDA shares does the company currently hold, and what is their average price?
The company initially acquired approximately 50,000 NVDA shares, with the first investment dating back to 2017. Over time, the company divested some shares in 2018 and repurchased some in 2023. The average price per NVDA share stands at $93.15. With the latest trading price at $1,224.40, this represents an impressive return of approximately 1,214 times.
Considering the divestment of 28,000 shares in 2023, the company is left with approximately 22,000 NVDA shares. With 20,000 shares slated for divestment this year, the remaining 22,000 NVDA shares would amount to approximately $26.94 million (~RM126.53 million), which is roughly 62% of $HEXZA / 3298 (HEXZA CORPORATION BERHAD)'s current market capitalization.
Regarding investments in SYM, following the divestment of NVDA shares, the company purchased 185,000 shares in SYM last year at an average price of $41.98 per share. Currently, SYM shares are trading at $39.85 per share, resulting in a paper loss for HEXZA.
In conclusion, had HEXZA retained its NVDA shares until today, they would be valued at approximately $61.22 million (~RM287.57 million), surpassing HEXZA's current market capitalization of RM204.4 million. Considering the company's profitability, its market capitalization would likely exceed RM300 million if it had not divested any NVDA shares.
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Change of Company Secretary - CHAN EOI LENG
Change of Company Secretary - TAI YIT CHAN
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
- APPOINTMENT OF EXTERNAL AUDITORS
OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
- CHANGE OF EXTERNAL AUDITORS
Quarterly rpt on consolidated results for the financial period ended 31/12/2023
OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
DEALINGS IN QUOTED SECURITIES
General Meetings: Outcome of Meeting
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL OF 20,000 QUOTED SHARES IN NVIDIA CORPORATION, A CORPORATION LISTED ON THE NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED QUOTATIONS (NASDAQ) ("PROPOSED DISPOSAL")
General Meetings: Notice of Meeting
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHEXZA CORPORATION BERHAD ("HCB" OR THE "COMPANY")
PROPOSED DISPOSAL OF QUOTED SHARES IN A COMPANY HELD BY HCB IN A FOREIGN STOCK EXCHANGE, NAMELY NVIDIA CORPORATION ("NVIDIA") ("PROPOSED DISPOSAL")
Quarterly rpt on consolidated results for the financial period ended 30/09/2023
HEXZA - Notice of Book Closure
General Meetings: Notice of Meeting
Annual Report & CG Report - 2023
Final Dividend
OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
DEALINGS IN QUOTED SECURITIES
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS (Amended Announcement)HEXZA CORPORATION BERHAD ("HEXZA" OR "THE COMPANY")
DISPOSAL OF NVIDIA CORPORATION QUOTED SECURITIES
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHEXZA CORPORATION BERHAD ("HEXZA" OR "THE COMPANY")
ACQUISITION OF SYMBOTIC INC QUOTED SECURITIES
KUALA LUMPUR: Stocks to watch on Thursday include Boustead Plantations Bhd, Kuala Lumpur Kepong Bhd (KLK), KIP REIT, Hexza Corporation Bhd and YLI Holdings Bhd, according to Apex Securities.
Stock Market is more profitable than Business
On September 29, $HEXZA / 3298 (HEXZA CORPORATION BERHAD) sold 18,000 NVIDIA shares for a total of USD 7,904,599 or RM 37,065,457 on the Nasdaq Stock Market. These shares were acquired between June 9, 2017, and February 27, 2023, at an average cost of USD 93.146 per share, resulting in a total gain of RM 29.93 million, equivalent to a remarkable 419% return on investment over six years.
Following the NVIDIA share sale, Hexza made a new investment in SYMBOTIC on September 30, purchasing 115,000 ordinary shares for a total of USD 3,720,456 or RM 17,312,648 on the Nasdaq Stock Market. Symbotic is a robotics warehouse automation company that leverages AI-powered robotics and software to transform supply chains. Although Symbotic is currently operating at a loss, there has been an improvement in its net loss situation. Presently, Symbotic's share price stands at approximately USD 31.19 per share, with analysts predicting a potential increase to USD 53.50 per share within the next 18 months. Of these analysts, 8 have recommended a buy, 1 suggests outperforming, and 4 advise holding the shares.
Ultimately, considering Hexza's net profit from their investment in NVIDIA from 2017 to 2023, they have generated a total net profit of RM47.7 million from their business endeavors during this period. It's worth noting that the earnings derived from NVIDIA stock equally approximately 63% of their overall net profit from business operation over the course of these six years.
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OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
DEALINGS IN QUOTED SECURITIES
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHEXZA CORPORATION BERHAD ("HEXZA" OR "THE COMPANY")
DISPOSAL OF NVIDIA CORPORATION QUOTED SECURITIES
Quarterly rpt on consolidated results for the financial period ended 30/06/2023
Change in Boardroom - MR FOONG LEON KAH (Amended Announcement)
Quarterly rpt on consolidated results for the financial period ended 31/03/2023
OTHERSHEXZA CORPORATION BERHAD ("HEXZA" or "the Company")
DEALINGS IN QUOTED SECURITIES