Sell = Buy
Buy ≠ Sell

http://jakartaglobe.id/business/indonesia-palm-oil-output-exports-likely-fell-june/

From the Chairman .. Though our priority is to continue to
supply to the Malaysian market, we are
also evaluating opportunities to enhance
the value of several of our intermediate
product streams to strengthen our position
as a competitive refinery in the region.
This means moving products to the right
customers at the most suitable price,
whilst we exploit the partnership between
SHPC and HRC to capitalise on trade
benefits between Malaysia and China.
In addition, our central location in Asia
provides further options to grow the
business and diversify our product slate.

http://www.starproperty.my/index.php/articles/property-news/practical-hillpark/

More meaningful to find out WHO bought the shares sold down by Dato Lee.
Done through market so you need not go through the authorities.
Now who want to strong buy this property counter? He saw what we don not see! Great!

If you are working in a fund house. One moves before the Fund moves.

I've learnt the lesson. It is a journey. Stay invested.

Most institutional funds will not invest and will no longer have mandate to stayed invested.

https://sales.pr1ma.my/property/pr1ma-kajang-selangor-kajang/
Phase 1

First you have too rich the valuation which is set to correct sharply.
Second now that the expectation gap is wider because of the lousy terms signed in the SKIN.
Third you will have hell lots of uncertainties going forward during the implementation stage with the impending 1 billion debts.
Last don't think they can raise the 1 billion debts without raising equity. Creditors are not stupid the terms especially the financing cost will be adverse.

It is likely that this counter no longer meeting the investment criteria of institutional investors.

Q1 good results. Can sustain?

No period is good period no period is bad period.
This shows he is a reliable and respectable man. His doing is sustainable in nature.

So confident he is. Intention to trade shares during the closed period. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5495405
All good signs.

No need to defend with share buyback. Deploying current resources for better use is more important.

I agree with traderx. Companies deal with government's contracts are hard to predict. These companies have always not been tested commercially .. not until at least with a government that has business acumen.

With the successful launch of Adira Terrace hilltop development in April, the sold out 269 units should have raised the unbilled sales amount for this quarter.

Droidnplay .. if the disposal of shares by Mr Lee to institutional investors could potentially enlarge the pie then why not. I believe it helps to raise the company's profile as well as liquidity of the shares. It is by all means that these investors believe the share price will up further.

Sharing is powerful.

Even at the price now, the valuation is still expensive with more than 100 times PE.
There are very few companies around in the Bursa with this type of valuation.
If you are willing to invest, why not go to tech stocks like Facebook, Alibaba, Google and so on.
There are too many uncertainties during the implementation stage. SKIN is not about high tech but only system reconfiguration and customisation. The more share buyback the more the selling.

You know is falling why not wait for another 20% fall to enjoy cheaper entry.
Never test the depth of the river with both the feet.

So many stuffs on the plate.
They need to borrow why spending money on the share buyback?
They are carrying big project isn't larger capital base is better ... at least to debts rating.
The share buyback definitely reduces its capacity to pay dividend. Good luck all.

PE ratio of more than 100 times. Price you pay today equals to 100 years' profits .. technically.
It is not wise for the company to enter to support the price now, not until a level ..
Good companies usually only enter to support if the price falls more than 20% from it fair value.

The 30% is most puzzling. You are not the first that applied the system. The system already exists for more than a decade. Lots of countries already adopted it. It is more of applying it here and doing certain customisation. The 30% cut does not make business sense at all.

Surely this transaction dents the credibility of the entire management team especially the MD.

PE too high to justify its valuation. It will normalise to a level ..

After you've have spent the 1 bil, the current system becomes obsolete cannot counter new security threats posed by advanced technology and new types of crimes. Then the government says you need to invest a further 500 mil. Si kiau kiau.

Nobody and no company will do this kind of deal.
What concession! Up calculate down calculate left right calculate also not sound.
No return for 8 years yet required to assume all risks.

The company to raise 1 billion for the SKIN is almost equivalent to its market cap now.
And the company proudly says I assume all the risk.
And ridiculous from the cash flow perspective.

.... only if can hold more than 5 year

If not mistaken the MD said the Government has zero risk.
Means you have all the risk.
What a deal !?!?

1 billion investment.
294 mil proceeds one year starting from 2022.
Free 2018 to 2021.
So your investment cost only fully recovered after 7 years (and execution risk and interest cost have not been factored in).
The company only get +positive cash flow from SKIN from year 8 onwards.
Hmm ... better put money in FD first.

http://www.thestar.com.my/business/business-news/2017/07/18/prestariang-secures-rm3pt5bil-concession-to-implement-skin/

Very positive to value of the assets of MKH
1. Already operational MRT line to Kajang
2. Already open new flyover linking Bangi and Kajang 2.
Still pending completion; expected this year
3. New Kajang 2 KTM station

http://www.thestar.com.my/metro/community/2017/07/18/new-flyover-in-kajang-to-open-on-thursday/

Good one zoom

Prestariang jumped 8% at 2.38 ringgit after BIMB Securities initiates the stock's coverage with a "buy" call and a target price of 2.85 ringgit. "We are positive on Prestariang's earnings prospect given the potentially significant contribution from the SKIN (National Immigration Control System) project and better demand outlook for its software distribution division," BIMB said in a note.
_Nikkei Asian Review

http://www.thestar.com.my/business/business-news/2017/07/17/prestariang-to-make-material-announcement/

http://www.thestar.com.my/news/nation/2017/07/17/najib-launches-phase-2-of-sungai-buloh-kajang-mrt-line/

Do you see this a tech company?

zoomboom thanks for sharing .. you are spot on.

“Profitability is still not the priority for our cloud business,” Wu told investors. Alibaba wants to “quickly expand cloud leadership in coming quarters.”

https://www.bloomberg.com/news/articles/2017-06-08/alibaba-foresees-sales-growth-of-as-much-as-49-percent-this-year

http://www.focusmalaysia.my/Property/mkh-turns-to-greater-kl

The Director bought shares.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5452333

Sure he is happily buying the shares.

Still Happily sell Happily buy.

Among the new launches are integrated high-rise developments in Kuala Lumpur known as TR Residence at Jalan Tun Razak and Saville @ Mont’Kiara with an estimated gross development value (GDV) of RM400 million and RM430 million respectively, said executive chairman Tan Sri Alex Chen Kooi Chiew.

The company also plans to launch Phase 1 and Phase 4 of Hillpark @ Shah Alam North by June next year. The two phases will comprise 814 double-storey terraced houses with a total GDV of RM366 million.

Meanwhile, poised to be unveiled by March 2017 is the RM262 million mixed-use development MKH Boulevard 2. MKH will also launch Kajang 2’s Precinct 2, which consists of 198 double-storey terraced homes with a GDV of RM137 million.

Another day of Happily Sell Happily Buy!

The dull property segment in 1H is set to be more vibrant in the 2H when the MRT to Kajang becomes operational by July 2017. The new KTM station being built in Kajang 2 township is expected to be completed about the same time. MKH is set to launch more infrastructure themed properties.

Already the TR Residence project (with GDV close to RM400 million) has garnered very good take up rate (more than 80%) since its soft launch in February 2017.

https://www.bloomberg.com/news/articles/2017-05-31/china-s-road-to-world-tech-domination-begins-in-southeast-asia

Happily Sell and Happily Buy

Will this result prompt Public Bank to sell MKH shares?

I am puzzled with this statement .. see the last row (".. with anticipation in the increase in CPO and palm kernel prices"). On what basis?

The Board of Directors expect the Group to achieve satisfactory results for the financial year
ending 30 September 2017 arising from the profit recognition of the ongoing projects that
have been launched and sales locked-in in the previous financial years by the property and
construction division and the profit contribution (excluding unrealised foreign exchange
gains/losses) from the plantation as more palms are entering into maturity stage with higher
yield couple with the anticipation in the increase in CPO and palm kernel prices.