Lol I'm wonder why he so free to monitor. He must be buying and ask people to sell to him

Jolin is just giving moral support to the rest of people here. Though, she is the like the opposite of iphone7 in hiaptek forum that keeps cursing the counter to drop.

If u look at her past comments, he ( coz obviously no female would call herself chi pet ) is hoping for the best. Sometimes it's good to have some optimistic people around

With all due respect, uncle Koon has an impressive CV building businesses and identifying value. If u wanna criticize, anyone can be put in a bad light.

Instead of personal attacks which is of no value to the rest of the forum, why not share more views of what each and everyone thinks of different counters.

As for jaks, this company so definitely worth more than its current price but that doesn't mean share price will rise in tandem right now. After all, aren't we investing in future value? Comparison of jaks vs Mudajaya. I have seen the IRR > 10% ( if I recall correctly ) for jaks power plant project and also how they will also get portion of epc profits and they have backing of experienced china power party. Do they have assets that are undervalued ? I believe so too. Biggest issue would be their evolve mall dragging it down.

Mudajaya to me is a blast from the past. They have plenty of slow trade receivAbles, no mention of future order book ( that I recall) and I was told they had contra some property assets from client who could not pay. They also recently refinance their bond via 'other means' if I got my facts right. As for their power plant project, I have no idea what their IRR for the project and whatever it is, it has taken a huge discount on the delay not to mention cost overruns

Skliew thanks for sharing. I was going through bursa to check change in shareholding didn't know it was so easily accessible here lol

Coz Malaysian market is buying on spec, sell on news. Insiders already knew about this award, that's why share prices rose earlier

James, thanks for sharing as I didn't have that detail. I do remember seeing Msk and thong buying at above 1 buck for some of the shares as I went through the substantial changes in key shareholders the past 10 years briefly.

My point was they are supposedly wheeler dealer fellas so I don't think they will be exiting at this low price when they have been active in management at least the past 3 years ( Derek has been CEO for 3-4 years ? )and when the company now has good prospects

My take, switch to WCT that hasn't gone up much compared with to Malton

For those who want to put any weight on iphone7 comments, look at his profile and previous comments he has posted.

Iphone7. Recommend your stock picks to us. So we can sell this switch over

Looks like I'm right :-) im only holding son. Seems undervalued to me with long expiry, exercise price of 50 cent and mother doesnt really pay dividend if u checked.

Yeah look at the buying support. Could be management trying to con you sell cheap back to them or or funds that sold down from 16 cents first coz they knew of this development hoping to whack small holders and man on the street. And now they are buying back, coz there really is fundamentals to this counter

So eastern Steel production back on. You take positive or negative?

No extension of cooperative agreement. But the board can decide otherwise tomorrow so irrelevant

Why need to make this kind of announcement

Lwh88 - If Angang on, sure the valuation will jump more than double minimum. If it's off, recurring operations cashflow already enough losses from eastern Steel.

If your holding short term then better exit if u don't have the stomach to take some negative pressure.

Its not their dont have money. You look at what prices the current key shareholders bought in the past 3-4 years. Its much higher than the current level. When they submit RI approval, it was 1.05 and assumption was 80 cents i think for rights ( 20% discount ).

Now at current level, they have to give an even bigger discount and the man of the street will be buying in even cheaper than the main shareholders bought in. So either they have to play up or delay like what they have doing and submit for further extension.

KWAP entry doesnt really tell you anything, not saying that they are not good at what they do but public funds / pe funds that are managed by 'professionals', can 'do deals' with companies. Now if it was someone like a reputed businessman / investor buying in, now that would be a different story completely.. then their buy in price would have value to in my honest opinion.

Anyway funds like KWAP can afford to screw up and buy stocks expensive, as they have the long term holding power and also sufficient financial strength to 'double up' if prices do drop.

In a nutshell, i think that the large drop on Friday was telling us is that some shareholders are probably pissed off that the company decided to reduce their future profits by giving a piece of the profit cake to KWAP on subsidiary level instead of getting them to buy mothershare directly ( where in this case KWAP upside is the same as any other shareholder ).

I dont have all the details but if company doesnt put shareholders first, you sure you want to put your money there

I dont know much about this counter but based on what i can see is

1) Management stigma. So current shareholders should be happy their got rid of the previous CEO Eric who did nothing for share prices the past 2-3 years ? Now this tells me 2 things. Most funds would be unlikely to participate / continue investing given that they have shown they don't really care about shareholders. Now your last line of defense should would be the man of the street ( some of us in these forums ) to invest, but these appears to have also given up hope on this stock. So you buy cheap now but who you plan to sell to ? Has new mgmt done anything spectacular since ?

2) STP2. If this is so profitable, why sell 20% was it to KWAP. How much funds is KWAP going to help with 20% anyway. This group is not heavily geared ( less than 1x gearing ) and should have capacity to borrow more instead of going to equity for funding. Btw new CEO is supposedly well connected in the finance and property market but doesnt seem to adding any value here in my honest opinion. If STP2 was a good deal, and in the best interest for the shareholders, shouldnt mgmt convince KWAP take a larger shareholding at holding level instead of taking some equity at subsidiary.

Someone made a reference to JAKS. That to me seems an entirety different case as its depreciation and impairment provisions ( not going to be there every quarter ) and these are all non-cash items. So no change to baseline recurring cashflows.

Exit of Mr Goh ( singaporean tycoon ). I dont know much about him but let me say this. Tycoons dont like to lose money and have the ability to identify opportunities, probably due to their army of advisors and analyst.

I thought of jumping in as well but the discount doesnt appear large enough for the risk that potentially i might have to hold this long term on a negative position. It has only fallen 10% ?

There is some truth iphone7 comments but some are arguably, not accurate.

If you take away eastern steel, the group makes something like 50m+ from operations YTD 6 mths based on segmental reporting ?

If you're in the steel hardware market, you would know this is a real business that makes money, though i wont defend reputation of owner.

But know this, why keep things private when you can increase your networth via injection to a PLC with PE ratio of higher than 1 ? So to me it is in their best interest to increase valuation of this company and yes they are not doing it for us as we are small insignificant shareholders like us here, because they are the main shareholders last i checked.

As for their business management / acumen, they have a couple of businesses under their private side which is obviously profitable ( you can verify this with bankers you know ).

What would most likely happen ? Change of shareholder and renegotiation of debt to shareholders from ShouGang to Angang seems positive to me for 1 very simple reason. Angang will be holding majority and Eastern Steel performance will no longer be consolidated under this Group. Also, the USD loans from shareholder would be probability renegotiated.

My cost for WB is 10.5 cents and im stilll ok to hold despite watching it drop.

So why is this coming down ? To me this group will only get support from people who understand their business and from the smaller funds. large funds will unlikely buy in and you can forget about the foreign funds. People have been burnt and tired of waiting for a lot of stocks to 'undervalued' stocks to recover so there will be downward pressure. This applies to a lot of stocks in the market now.

Could go either ways. If you have your ears on the ground there are too many brokers pushing Malton wb. I like this group but should be some consolidation after the big push yesterday. If you are really buying in the company, would you buy all the way up straight up or let it consolidate and flush out sellers at every level.

Now keep in mind there is no new news since warrant was 8.5 cents, though I'll say this group has fundamentals, but even with that you have to decide on the valuation

I cleared all today too :-)

James, what u buying now. I'm also holding hohup. Noticed u commenting there too lol.

Correction typo earlier. They don't want to sell too cheap :-)

If you check the share prices where substantial shareholders have bought the last 10 years, current prices are low. My take the reason they are not proceeding with rights is coz share price too low and they want to sell too cheap. Main shareholders like Dato Sri thong, MSK, etc are people who don't like to lose money. Look at their track record.

If u hold hohup, be prepared to subscribe to rights which is quite substantial.

Jamespond u sold off d ? I'm still holding

Iphone7, just curious can you share with us why you think this is a toilet paper stock instead of giving pointless comments that don't mean anything

Zzzzz on contra or taking up? Today is regional market down.

A lot of people buying LA to convert. Works best if you have mother share then you can sell first.

I cant be bothered to mobilize cashflow to do this.

So whicj counter u looking at gambler

Just to share with the rest, a few research houses are pushing Malton. Rhb is one of them.

Depends on your risk appetite. If you are conservative you should sell warrant and buy mother coz if it comes down your percentage loss should be lesser this way.

Theoretical pricing on binominal may be such but you have to look at market forces. If you are trying to take control over company shareholding, will you go mother, LA or wb based on the same limited funding

Seriously if u know how well TSDL is doing, with his track record / reputation the past few years and his pipeline of future projects, any idiot will not be putting all these under private entities when u can inject them into a plc for a nice p/e gain in networth

Pocket Rocket all I can say is dont put all your eggs in one basket and especially if its funds for SPA purchase.

No one can predict what will happen in the short term as there are too many factors to consider. If you hold long term however, I think this counter has still upside.

Ive been holding this counter for the past 4+ years and despite a generous gain im still comfortable to keep despite todays drop.

About time for consolidation. Anyways sell Malton and buy which counter? Almost everything is up or is even more speculative / weaker fundamentals.

Any ideas please share

For a stock with such a strong upward trend ie continuous green for at least the past 2 weeks, today drop retrace isn't surprising taking into account a lot of speculators have lost their guts to hold over the weekend.

For those who say this group has no fundamentals, there is hidden fundamental strength and by the time u expect everything to be declared and reported, upside will be limited.

If this was a traditional fry operation, why so little effort to flush weak holders.

Thank you to all the sifu whom predicted that price won't go up after and sold at 90 cents.

James pond u also holding hohup ?

Can't compare Malton and hohup as different class of companies and management. Yes this counter is undervalued and will likely trend up since mgmt will have to decide soon on rights issue. If rights to proceed, they will have to push the price up as they willl have to offer a bigger discount to market value as of current price.

James Pond, looks like we are right so far. 2nd round of flushing out short term players should be coming soon

JamesPond and Mirage, looks like we share the same view on this group.

Anyway if you sell now, what you going to buy that hasn't gone up already ? If nothing then might as well hold long term.

All i will say if you think you are smart, there are smarter people in the market and most of the operators or the people running these exercises arent stupid either. Obviously they are willing to let you earn 30% which some of you use as your benchmark to exit ( which is not based on any fundamental believe on how this target price was obtained ), they must have much larger targets or plans in mind.

For me, i think this is an undervalued stock by far looking at how projects are progressing on Pavillion area, bukit jalil and damansara heights. Though i wont comment on TP for this counter.

If you purely look at the volume and downside price range on a daily basis for the past 1 week, it is obvious that whoever is pushing the stock or buying is collecting it fast and not even willing to let the stock drop 5% back to flush out more sellers.

Coz Desmond also controls GOB indirectly. If your in the business circle, you will know this :-)