Highline keeps buying, why?

Able to win 3 major contracts within last half year, looking at more positive returns.
@Value_seeker thanks for listing out all 3....i missed the 130m Disease Control Centre.

@jaynetan, Happy for you!
But it was too brief.....is it the local politics of the jail or the escalation of the wars overseas? But believe Sarawak will push on and so Pansar should be back!

Expecting going back to 60+

Wow,Dec just won 100mil, now another 269mil contract....https://www.thestar.com.my/business/business-news/2024/04/18/pansar-gets-rm269mil-water-treatment-plant-contract#:~:text=PETALING%20JAYA%3A%20Pansar%20Bhd%20has,.1mil%2C%20via%20open%20tender.

1 year+ ago....posted the below:
"I like HM going into oil palm. It hired experienced managers, a PhD scientist, and a team of workers to do the job.
1300 acres for 21mil was a good deal as the valuation was 30mil. Besides oil palm, the land has 45 acres of durians, maturing in 2026.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326384"
Durian in 2 more years , just topped up some more :)

Ha ha, ya not really buta buta but MBL still retain the ~2000 acres of plantation right with ~90 year lease. Any news what MBL is going to do with this big piece of land??

That means buta-buta income of RM 10mil/224mil shares ~ 4.5 sens/share :) :)

So, correct me if wrong, basically MBL won, because it got 10mil (minus some expenses) from the Plaintiff, since Plaintiff paid 23.9mil as deposit and the refund is 13.9 mil only.

Everyone Happy Raya!

Guys, ACME is already out of the PN17 list, and its projects are doing well, think it's just a matter of time before ppl realise that...... Good luck!
Below is the Prospect of company summarised by ChatGPT for your reading pleasure:
"The Group has initiated phase 1 of Marina Residence, comprising 202 units across 3 blocks of 12-storey condominiums in Teluk Air Tawar, Seberang Perai Utara, Penang in February 2023, achieving a 100% take-up rate by February 2024. Due to the strong response, phase 2 is scheduled for launch in March 2024, with an estimated gross development value of RM100.04 million.

In September 2023, the Group launched Mandarin Residence, an affordable housing project consisting of 646 units in 2 blocks of 39-storey apartments in Bandar Baru Air Itam, Penang, with a take-up rate of 59% by February 2024, and a gross development value of approximately RM231 million.

Lagenda Etika Sdn. Bhd. (LESB), a subsidiary, has entered into agreements for a significant development project in Kuala Lumpur involving a service apartment block, car park, and commercial retail spaces on a 1.87-acre land with PERKESO, with an estimated gross development value of RM1.46 billion.

Moreover, the Group has formed a joint venture with Koperasi Kampung Melayu Balik Pulau Berhad to develop 178.34 acres of land in Balik Pulau, Penang, into a multi-phased integrated development, projected to yield approximately RM1.40 billion in gross development value. Both joint ventures are anticipated to positively impact the Group's revenue and bottom line in the mid to long term."

Anyone know how much one unit of Antara Genting is selling now?

Today very nice!
Since a couple of years back, keep holding to Hua Yang!
See www.facebook.com/huayangberhad/
i like the efforts to keep ppl updated on progress!

Just a reminder for newcomers .....
In 2020 AR:
"....the Group has acquired 2 blocks of agriculture lands in Muar, Johor measuring.... 50 acres to be planted with branded durians such as Musang King, Black Thorn and etc. ... expected to mature in year 2025 onwards and contribute positively to the Group’s result."
Next year durian mari!! See also nice video@ youtu.be/Upn1epkSy4c.

No one talked about Gadang received in Dec 2023 the 40 mil payment from Capital City Property Sdn Bhd (“CCPSB”) before due date (2025).....

Yeah, cantik......and those who chose to stay reap the fruits :)

@MZM2511 Thanks for the clarification. I found the announcement for land purchase in 2020, but not 2022.
I thought Bursamalaysia.com is the official channel and so all announcements should appear there?

Hmm, about the margin, still seem quite slim....the land cost 8.5 million few years back, so if we include interest, come to 9-10mil.
Hopefully someone who attend the EGM can get the management to clarify about this IJOK Developments.
(I do think their Genting Highlands Condo investments make good sense!)

@MZM2511 and kawan, Referring to the PP announcement
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428455
One reason for the PP is the IJOK development.
I have several questions:
1. Were the purchase of the land in IJOK announced in Bursa? I could not find the announcements.
(Lot 1765, Tempat Batu 28 Ijok, Mukim Ijuk, Kuala Selangor,1.2368 hectares (about 3 acres) RM 4.8mil
and Lot 1766, 1.2419 hectares (about 3 acres) RM 3.7 mil)
Anyone has a knowledge of land prices in IJOK?
(Personally I find these land prices very high, considering they are 99 year ending 2077, about 50 years left only)

2. The GDV of the IJOK Development is RM 46mil. Construction cost RM36mil.
Does this construction cost of 36 mil include the cost of land?
(Hopefully yes. If not, then land cost =4.8+3.7=8.5 mil. Then total cost =36+8.5=44.5mil, i.e very low profit margin)

Would appreciate any comment. Surely hope Kanger prosper.....just want to clarify.

https://www.sinchew.com.my/news/20240311/finance/5455318

https://www.sinchew.com.my/news/20240311/finance/5455318

TP is RM 2.02, Dividend 7sen
Sarawak I think will grow pretty quickly
https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-02-23-story-h-188239312-KKB_Engineering_Still_Remains_a_Key_Sarawak_Play_Keep_BUY

Mine is in today. Ptrans going down, may be some ppl start to sell some of their bonus.....For me, just simpan lah: As these bonus shares also qualify for dividend, this means my usual dividend will increase by 50% :)

Wow, come down more than expected, tunggu 2026!

A bit of old news:
https://www.straitstimes.com/asia/se-asia/indonesia-conducts-first-commercial-flight-using-palm-oil-blended-jet-fuel
MBL has no palm oil plantation now, but MBL should also benefit if palm oil industry up.

Haha, I already stay with kkb so many years, why rush leh?

I choose to stay with Madam :)

Thank you Ptrans! Converting my warrants to mother, you use our money to grow and reward us back!

Ppl just converted preferential shares @.1475.... don't think it will go below .145.... make sense?

50 acres maybe a good size for mbl to gain experience!

Could it be some one wants to gain control? After getting control, may down somewhat?
ok, am just waiting 2026!

Wow....this sudden up trend is kind of surprise for me.....because durian belum mali....wow, no need to wait until 2026??

Price drop, chance for me, already top up!

@Aubree Yup, although 50 acres is not huge, but i read a couple of years ago 1 acre of musang king could fetch like rm 0.5 mil (in Raub). Next year, the wait is not so long!

Chance for ppl to catch up?

Am waiting too....Highline Shipping has been acquiring. 8% in half year

So, what I suspected may well be true, don't get con at 1.75. Sarawak I want to go there!

so cheap but NTA rm3.....make sense ke?

Hmm, seems like the big selling blocks at 1.76 just now were fake.... suddenly reduced from 1000 to less than 100 a few times! Some one trying to collect at 1.75?? Be careful

7sen dividend coming

Yup, holding until 2026 when durian mali, then decide next step!

https://klse.i3investor.com/web/pricetarget/research/70527

Yes, dividend 7 sen, higher than the usual 6sen, TP 2.02https://klse.i3investor.com/web/pricetarget/research/70527

Hope Trade808 can revisit his posting of 28/12/2023. Since then it has gone from 41.5 to 47.5 or 6/41.5=14.5%. Looks like crossing 50 is not so far ahead..... Have been holding for few years!

I worry about the FIRE risk of aluminium wires, so Southern has my vote if the above are correct.

Hi, just managed to take a very quick look at a youtube comment on Master Tec. I heard it says it uses more aluminum, while Southern uses more copper...Is this right?
Did a quick check on aluminium vs copper: From Bing.com: "..... Aluminum conductor wire is one common type of wiring. Let’s explore some of the disadvantages of using aluminum cables:

Larger Size: Aluminum conductors are generally larger than comparable copper conductors. This means that larger raceways are required, which can add to installation costs.
Risk of Corrosion: While aluminum is resistant to corrosion, it is not completely immune. Over time, aluminum cables can still corrode, especially if not installed with care and diligence.
Expansion and Contraction: Aluminum experiences greater expansion and contraction cycles compared to copper. These cycles can loosen connections over time, potentially leading to electrical issues.
Lower Strength: Aluminum cables have lower tensile strength compared to copper cables. This can impact their durability and longevity.
Potential Fire Risk: If not properly installed, aluminum wiring can pose a fire risk. Connections must be made carefully to prevent overheating and potential hazards.
Despite these disadvantages, aluminum cables do have their advantages, such as being lightweight, easy to install, and efficient for power transmission. They can also withstand high temperatures without melting or burning. However, proper installation and maintenance are crucial to mitigate the risks associated with aluminum conductors

Likely will break 1.30 before exdate to encourage conversion of son to mom

If not for long distance buses, many people will find it difficult to meet their families/loved ones

https://www.thestar.com.my/business/business-news/2024/02/20/sarawak-set-to-become-a-powerhouse

@mzm2511 thanks for sending the email to Bursa to make adjustment on kanger's segment.

@waikikizzz The 0.76 is just for illustration. After getting the bonus, 1 share will become 1.5 shares, so let's say b4 bonus 1 share rm 1.50, then after bonus, price will be adjusted to rm 1. NO Change to the total worth of your share.