Reaping fruits

Wow, index up 15pts

Penny stocks rebounding

Standby guys, time to recoup fair value

Glory market sentiment is back, stay tune

Malakoff on sale!!! Time to accumulate

RM80mil is nothing to MKLAND which is in net cash position now. Besides, its 4000 over acres land crossing PERAK, DAMANSARA and SG BULOH these assets are worth more than 10x of the tax bill and 5x of its market cap.

The worst will happen to MKLAND from now is only RM80mil or 7cts per share. IF tax issue matter, conservative or risk adverse investor can enter MKLAND at RM0.13. Nothing to lose

15.5 gone

Sleeping beauty

Luckily no power, opportunity to accumulate for good company. KBUNAI also can fly, Asiapac sure will

Found something interested in THE BUSY WEEKLY pg ZB5.

1. Management won't discount any possibility to list IMAGO MALL as REIT.

2. Comparison between ATRIUM REIT and IMAGO, the former total assets only stood at RM243mil, latest closing price RM1.10 equal to market capital RM134mil. The latter, total investment properties RM1.27BIL, which is 5 times larger than ATRIUM. Therefore, ASIAPAC should priced at least RM0.60~RM0.70 per share.

3. Ongoing property development Fortune Centra would have handsome profit margin because land bought in the year 1988 at RM135/sf and the current value at RM700/sf.

Wow wow wow

CNY ANGPAO COMING...

Just buy and keep, don't ever try your luck in and out with a tiny gain.

Those who no confident on BpurI, opportunity to sell....haha

Tee's business acumen and capability to seize every opportunities in future trends was revealed in the company's achievement. In past decade, Bpuri had effortlessly built the empire with recurring income stream, which is LATER expressway and power plant in Indonesia. The former going to breakeven this year and the lattar is generating handsome profit now.

Today, Tee was mentioned renewable energy...Don't miss the boat.

Based on track record and performance, I think Tee's family is highly credible entrepreneur. So no doubt to believe what Matthew mentioned this morning.

http://www.theedgemarkets.com/article/bina-puri-confident-securing-rm1b-jobs-next-69-mths-set-expand-presence-green-energy?type=malaysia

But is good counter fundamental still intact, as long as dun play contra, buy and wait.

He feed his followers, nyummy2

Lol

calvintaneng sold the share, run!!!

Brewing...

Tp1.30

MBL (Not Rated). MBL’s share price closed at a 4-year high yesterday after the share price rose 6 sen (5.4%) to RM1.18. Prior to yesterday’s bullish move, MBL’s share price had been stuck in a range-bound mode between RM1.00 – RM1.17 for more than a year. Nevertheless, yesterday’s breakout above the crucial RM1.17 resistance confirmed the “Rectangle” chart pattern, indicating that the share price is poised to climb further in the weeks ahead. Key momentum indicators have also hooked upwards to reflect this sudden shift in sentiment. From here, immediate resistance levels to target are RM1.26 (R1) and RM1.33 (R2). Downside support levels are present at RM1.15/RM1.17 (S1) and RM1.07 (S2) below

Source: Kenanga Research - 26 Sept 2017

Something's brewing in Magnum...

Magnum CY/CZ seem very attractive now, worth a bet.

That is because the rich punting and penny-pinching on every cent they spend, every cent matters. Most of the rich came from poor or lower class of society, but they seem never skunk by fate. They are formidable problem solver, they find solutions for every predicament faced. NO grumbling on inequality of society, NO shirking responsibility or failure to anyone's, NO tales of yesterday, only today and tomorrow. Besides, actions always louder than words.

The comparison between the rich and the poor lifestyle's behaviour in the beginning stage of life, starkly juxtaposed answer will be found, especially gen X and the millennial, we are not bound by consumption, unfettered spend on what we want rather than what we need. To name a few, we prefer Starbucks for hi-tea daily, entertainments like movie, karaoke, buffet, etc weekly, travelling yearly. These is what our plan at all, at the end of the day's, we shirk the consequences of inequality and imbalance society to policy maker or the rich, saying that they seize and ravage the opportunities and wealth from us, that is why the rich getting richer and the poor getting poorer...

If we crave to win big money from gamble, pls go for legal bet. Otherwise, you can't easily spend to money, IRB will look for you in a very short period of time. You would be charged not only under illegal betting but also under money laundering act. Think twice and think wise before you place your bet, you are betting for jail when you mouth-watering on the winning bet.

The Edge

IT was quite a busy year for the local construction sector in 2016 due to strong job flows from mega infrastructure projects, including the Pan Borneo Highway and Mass Rapid Transit Line 2.

While most construction stocks shone last year, Prinsiptek Corp Bhd, a small-cap home builder and developer, did not gain traction with investors until early this year.

The stock, which has risen 65% year to date, closed at 16.5 sen last Thursday, giving the company a market capitalisation of RM52.3 million. It is trading at a trailing 12-month price-earnings ratio of 17.5 times.

Prinsiptek managing director and founder Datuk Foo Chu Jong attributes the significant increase in the company’s share price in recent months to rising investor confidence.

“Many developers and some investors have visited our site in Puncak 7 (Prinsiptek’s residential project in Shah Alam). Some of them even bought units there. Our company’s share base is small, so it’s easier to grow,” he tells The Edge.

According to Foo, Prinsiptek has embraced the industrialised building system (IBS) to build affordable homes. “Building affordable homes with IBS is the way forward. Not only is it the future trend but it is also the correct and modern method of construction,” he says.

The 60-year-old is the major shareholder of Prinsiptek with 44% equity interest. He started his career in the construction industry in the early 1980s when he was involved in the development of commercial buildings, condominiums, hotels and housing estates.

Foo says many property developers are interested in Prinsiptek’s IBS pre-cast method, which enables the developer to meet the need for affordable homes much faster. “Our site in Puncak 7 is very clean and our workmanship is good because we are using full IBS — 100% prefabrication. I think it is an advantage that we got involved in IBS sooner rather than later because other players now have a [steeper] learning curve.”

Foo acknowledges that IBS adds to costs but in the long run, considering the rising wages and inflation, IBS is still the way forward as it means “less headache” for developers and construction companies. “Puncak 7 is a very successful full IBS pre-cast project. The speed of the job is faster and the site is cleaner. We use fewer foreign workers and the quality of work is higher,” he says.

Puncak 7 is Prinsiptek’s landmark project in Shah Alam. Phase 1 of the development, consisting of 211 units with a gross development value (GDV) of RM106.26 million, is almost 90% sold.

The launch of Phase 2, comprising 17 two-storey linked terraced houses, has been pushed to next year because of the slowdown in the property market, says Foo. However, he adds, the developer will go ahead with its plan to launch its Serdang Perdana project, which consists of 208 small office/home office units that will be built by the group’s construction arm. The single-phase project has an estimated GDV of RM60 million.

“We plan to launch this in the third quarter of the year. We are still waiting for some approvals from the authorities. Looking at the location, our sales should be very good,” Foo says.

Moving forward, Prinsiptek is open to more joint ventures (JVs) with landowners and property firms to build affordable homes. “We are talking to a few property developers, including some locally listed firms, to explore JV opportunities. Currently, we are eyeing a JV with a landowner in Kajang,” says Foo.

“We are also in talks with some government agencies to build more affordable homes.”

Prinsiptek owns 9.3 acres of freehold land in Gombak, Selangor, that was acquired in 2006 and has a net book value of RM1.545 million.

“We might build a mixture of affordable homes and other residential units in Gombak. There are other projects in the pipeline but both (Kajang and Gombak) are not for this year,” Foo says, adding that Prinsiptek is on the lookout for new land bank in the Klang Valley and Seremban.

Prinsiptek’s unbilled sales stand at RM469 million, which will be reflected in its financial results in the next two to three years. Its net profit more than doubled to RM4.33 million in its financial year ended Dec 31, 2016 (FY2016), from RM1.87 million the year before mainly due to the recognition of higher profit margin projects and better control of its operating expenses and finance costs.

Revenue, however, declined to RM208.02 million in FY2016 from RM239.28 million the year before due to the completion of construction and property projects in the Klang Valley.

Prinsiptek’s ongoing construction projects in Malaysia include TTDI Sentralis in Shah Alam and Penang Sentral. Its unbilled construction order book totals RM700 million and it is expected to keep the group busy for the next two to three years.

Foo says Prinsiptek has also bid for new projects worth a total of RM1.5 billion, including affordable homes and government jobs, to replenish its order book.

MKLAND ( 8893 ) A Hidden Gem To Discover
Author: enfusix | Publish date: Sun, 18 Jun 2017, 01:11 PM

Property stocks continued their recovery from last week. We can monitor that most of the property stocks doing well such as ECOWLD, MAHSING, IOIPG, SUNSURIA, CRESBLD and GOB. If you all got follow me last week, GOB is one of the stock I recommended and it hit the highest of RM 0.41 ( + 7% ) from the RM 0.38 ( the price as I recommended ).



More detail in :

http://klse.i3investor.com/blogs/gob/125200.jsp

Today, I wish to share another undervalue property company which is MKLAND ( 8893 ), this company attract me and current price is fully undervalue among so much property companies.

MKLAND Highlights

The group recorded steady performance of YTD, which registered RM12.5m (+2.5% YoY).
The Group plans to use RM47mil from the proceeds of the Perak land sale as working capital and the remaining RM25mil for ongoing and future development project expenses.
We expects the company’s net cash to increase to about RM122mil.
MK Land has close to 5,000 acres of land, with more than 4,000 acres in Perak, of which 3,000 acres are located in Lembah Beriah.
MK Land’s Damansara Perdana near the bustling Taman Tun Dr Ismail-Lebuhraya Damansara Puchong interchange area is its crown jewel. The company bought most of the land and started developing it in 1996, just prior to the 1997/1998 Asian financial crisis.
The Group plans to resume development at the 3,000-acre mixed development project, Bandar Teknopolis Perdana (formerly known as Lembah Beriah) in Perak, after halting the project following the launch of the first phase of residential homes 10 years ago.
The Group recorded net asset per share of RM 0.97.
Techincal Review



Target price RM0.295, RM0.31
Last closing price RM0.285
Support RM0.28
Possible for Bottom Fishing. MKLAND's share now it well supported above RM0.28 with anticipation of continuous improvement in its momentum and should the price rebound, it may continue to lift price higher to the next resistance levels of RM0.295 and cover the gap of RM0.31.

Conclusion

We believe that MKLAND has good prospect and it's currently trade at undervalue as it's Net Asset per share recored at RM 0.97. MKLAND's share price gapped down on 23rd May due to subsidiary Saujana Triangle Sdn Bhd gets surprise tax bill yet STSB disagreed with the assessment raised by the IRB and will appeal accordingly. We believe it's minor impact to the company as Mkland's strategically located projects in the Klang Valley and Perak are expected to be the key drivers for the Group.

Technically, MKLAND is well support at RM 0.28 and it ready to challenge the immediate resistance to lift the price higher to cover back the gap of RM 0.31.

Warren Buffet once said, 'I learned to go into business with only pepole whom I like, I trust and I admire.'

Undoubtedly, Dato Foo is the person whose honor and credence always mantle with his characteristic. Therefore, it's worth to invest our capital in such company.

Assuming the substantial shareholders of MKLAND announce to privatise the company at RM0.60 or even parity with it NTA RM0.97. I bet MSWG and analysts will turn up and advise minority shareholders not to accept the offer as the price offered was unfair and unreasonable. Thus, pretty much of land value held by the company will be debunked on a whim, which was bought in couple of decades ago. If these few thousand acres parcels of land adamantly revalued, the NTA will briskly dot a fold of the existing NTA.

http://m.nasdaq.com/article/zacks-industry-outlook-highlights-nucor-commercial-metals-united-states-steel-arcelormittal-and-steel-dynamics-cm785855

ICULS RM1.00

assuming free warrant listed price is rm0.05, two free warrant will worth RM0.10.

ICULS RM1.00 minus RM0.10, means the cost of ICULS is only RM0.90 come with 3% annual interest which translate into 3.33% yield . If convert into 5 mother shares, the cost per mother share only @RM0.18.

So, no matter long term value investor or short term speculator, it is worth and risk free to subscribe the right issue. Good luck

Steel sector has been undergone a torrid time and stellar shock in steel price attributes to overcapacity and dumping sales from China over the last decade since post global financial crisis. Moving forward to next chapter, steel industry has seen a glittering beacon and rabble-rouse in term of galloping price rise and production cut initiative implemented in China.

Recently, plummeting raw material price such as iron ore will reduce the production cost of steel miller and will be the earning booster in coming quarter report.

Thus, MEGASTEEL one of the Asia biggest upstream steel miller hot-roiled coil producer, a subsidiary company of LIONDIV will be the most beneficiary in steel glorious time and blossom future.

Megasteel will resume operation soon- trade at your own risk, good luck.

Transforming kuat

Drop a comment here, Runnn...

Don't miss the boat...

（吉隆坡13日讯）达证券认为，近期股价节节攀升的鲁斯特工业（LUSTER，5068，主板工业产品组），可能迎来新股东和新计划，不排除是柬埔寨赌场计划或扩增房产业务。

达证券表示，该公司去年6月至今发生戏剧性变化，近期股价又走高，让人摸不着边际。

首先，侯松孔（音译）和两名相关人士进入董事部，促使该公司与侯松孔的公司Citi-Champ签署备忘录，探讨进军香港拖车市场。该行指出，当时这一连串活动令人以为该公司正多元化营收来源，以降低依赖单一业务的风险。

后来，上述备忘录在去年12月终止，侯松孔和两位董事也在上任7个月后卸任。

达证券发现，该公司创办人林时星去年10月至今年1月出脱股票，虽然管理层以个人财务规划为理由，但该公司过后宣布私下配售10%股票，进一步稀释林时星的股权和控制权。

数据显示，林时星以6至8.5仙脱售股票，而该公司较早将配股价位定在10.5仙。

达证券指出，林时星减持股票之际，该公司股价却逆市走高。去年10月至今，其股价由6仙涨至昨日的12仙，林时星同时卖出1000万股。



“该公司赢得新合约，虽是股价上扬的原因之一，但我们怀疑背后另有其他原因。”

达证券分析配股资金后发现，该公司计划将99%资金或2690万令吉拨作房产开发费用和营运资本，主要分配给两项计划，分别是TT1M和Alwaqf。

掌握1600万净现金

“不过，我们并不明白，这家公司为何在拥有充裕的净现金时筹集资金。截至2016年12月，该公司掌握1600万令吉净现金。”

有鉴于此，达证券认为，该公司可能很快公布新的大型交易，包括启动柬埔寨赌场项目或进一步扩展房产开发业务，而林时星也可能逐步淡出，让位给新股东。

无论如何，达证券目前选择静观其变，暂时保持该公司财测和10仙目标价，并将评级定为“检讨中”，以待该公司宣布更多详情。

今日闭市，鲁斯特工业以平盘价12仙挂收。

Or maybe just dead cat rebound to bait ikan bilis...haha

Where u all heard the insider news, sound authentic...haha

Interconnected....haha

I bet Drwarrant already took profit and cheering out there now.

The animal spirit is back...watch up

Opportunity, grab it before it's gone...

Check it out, Dataprp historical chart in the past three mths almost similar with Luster. Showtime for Luster soon?

Runn...ing

Since i don't know when, Drwarrant everyday adamantly urge you all buy before the price goes up, but no one listen to him/her*(pondan maybe), thought he/she is crazy. Now it's too late to regret.

Opportunity...Runnn

OTHERS AGREEMENT BETWEEN PEMBINAAN LSP SDN. BHD. AND COSMO PROPERTY MANAGEMENT SDN. BHD.

LUSTER INDUSTRIES BHD.

Type Announcement
Subject OTHERS
Description AGREEMENT BETWEEN PEMBINAAN LSP SDN. BHD. AND COSMO PROPERTY MANAGEMENT SDN. BHD.
The Board of Directors’ of Luster Industries Bhd. (“Luster” or “the Company”) wishes to announce that Pembinaan LSP Sdn. Bhd. (“PLSP”), a wholly-owned subsidiary of Winco Precision Engineering (Melaka) Sdn. Bhd., which in turn a wholly-owned subsidiary of the Company, had on 10 March 2017 entered into an agreement with Cosmo Property Management Sdn. Bhd. (Company No. 913979-V) (“Cosmo”), where Cosmo has awarded the construction project more particularly described as “Cadangan membina dan menyiapkan Projek ‘Alwaqf’ di atas Lot PT 775, tanah milik Perbadanan Menteri Besar Kelantan, Seksyen 67, Mukim Kota, Daerah Kota, Jajahan Kota Bharu, Kelantan Darul Naim Fasa 1 (Lot Komersial) - 99 unit lot komersil 5 tingkat berserta 1 tingkat basemen tempat letak kereta (TLK), Fasa 2 (1 Blok Pangsapuri Servis 13 Tingkat) – 443 unit Suites, 24 unit Suites 1 bilik, 38 unit Suites 2 bilik, Fasa 3 (Kompleks Perniagaan) - 256 unit lot kompleks perniagaan 3 tingkat berserta 1 tingkat basemen tempat letak kereta (TLK), taman atas bumbung, dewan konvensyen, cineplex, food village dan musolla berseta pusat riadhah dan kolam renang atas bumbung Serta lain-lain kemudahan For tetuan Perbadanan Menteri Besar Kelantan (“the said Works”).

As at today, the said Works has been partially completed and the structure of the building has reached level 12.

PLSP will be taking over the balance and uncompleted part of the said Works and Cosmo will be appointed as the sub-contractor for the execution of said Works.

None of the Directors and/or major shareholders and persons connected to the Directors and/or major shareholders of Luster have any interest, direct or indirect, in the Agreement.

This announcement is dated 10 March 2017

Drwarrant convening extraordinary meeting with Luster senior management today, no time to give lecture here, perhaps.