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MALTON FORERUNNER 4 BANDAR MALAYSIA?
WANT TO BE A SPARTAN?
Click here https://www.telegram.me/kimstock for more details.
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DATE : 01 NOV 2017
Stock : MALTON (RM1.24)
Target Price : RM1.50 (immediate)
Warrant : MALTON-WB (0.435cts) - TP (Jackpot 0.80+ cts)
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THE NEWS
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IWCITY out of the picture now.... so MALTON can it be the ONE?...
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A QUICKIE
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AFTER a strong start to the year, some property stocks have faltered in recent months. Despite the lacklustre outlook and absence of near-term catalysts, there could still be trading opportunities in the sector, especially those counters that ride on broader market sentiment.
1. MALTON BHD - Expects units in Tower 1 and Tower 2 of its luxury serviced apartment project, The Park 2 Pavilion Bukit Jalil to be fully taken up by year-end
2. MALTON BHD - Net profit more than double to RM48.17mil in the fourth quarter ended June 30, from RM21.27mil a year ago. Its revenue rose to RM334.69mil during the quarter compared with RM220.44mil previously. For the full financial year ended June 30, Malton posted a net profit of RM62.52mil on revenue of RM817.08mil.
3. MALTON BHD - Attributed the performance to a significant rise in property turnover and positive effect of cost saving measures and value engineering undertaken by the construction division, albeit marginally lower margins recorded by both divisions and reduction in other income,
4. MALTON BHD - Said its ongoing development projects, which include The Park Sky Residence and The Park 2 Residence in Bukit Jalil, will contribute to the earnings of the group for the financial year ending June 30, 2018 (FY18).
5. MALTON BHD - Tripped into correction mode owing to apparent profit-taking activity after a nice rally, which witnessed the shares peaking temporarily at RM1.94 on May 16, the best level since early March 2000.
The downward adjustment process lasted almost three months, dragging the shares to as low as 88.5 sen during intra-day session on Aug 11. At that moment, Malton appeared defenceless and risked declining deeper into the red. However, the sudden wake of a fresh bout of bargain hunting came to the rescue and lifted this stock to trade range-bound, marginally above the recent ebb.
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WHAT KIM'S COMMENT?
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"This is the one of my GEMS and FAVOR! Some keep bashing me why keep call this too many round. You will get the answer now!. By the rumors NOVEMBER's the day!". - Kim Spartan
Regards,
Kim Stockwatch
Telegram : https://www.telegram.me/kimstock (Real live time trading)
Or Join Elite Spartan Group Traders (SGT) by contact via phone number.
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