Wouldn’t Q3 be better than Q2 seeing that the Ramadan month was in June this year?

General sequence: News of venture / expansion followed by PP, so that the market knows what the money injection is to propel the growth.

Good that things are explained clearly in the property investment side too.

Excerpt:

As part of the group’s strategy for the next five years, Ooi said the group was in the process of acquiring the 1st Avenue Mall to diversify into the property management business.

“The acquisition exercise, scheduled for completion in the fourth quarter 2019, will diversify 25% or more of the consolidated net assets of IUBIB into property investment holding, which differs from the property development operations currently carried on by IUBIB and its subsidiaries.

“1st Avenue’s acquisition would provide the group with a stable source of income.”

“The property has potential to be redeveloped in the future as it is in a prime and strategic location on the island, ” Ooi added.

According to Ooi, the rental of retail space is stable for most shopping complexes in the country.

“One of Malaysians’ favourite past times is to visit malls as part of their leisure activities. Because of the shortage of land, malls with the size of 1st Avenue are limited, ” he said.

“Shopping malls at a prime area in Georgetown record high rentals as much as RM450 per sq m, while shopping malls in the South West District register rentals ranging from RM109 to RM292 per sq m, ” he said.

Lowest RSI since last Oct. Grab popcorn.

Harapan Nibong. Nope, I was just calculating the 5-day VWAP assuming if this was for PP.

Thank you twinpeak. I know the math, but not sure about the definition used by Bursa.

Looking at the volume during 28/8 - 6/9 to push the price from RM 1.25 to 1.52, easily over 4 millions shares traded. Over the past 4 days from RM 1.45 to RM 1.30, around 0.5millions shares traded.

Hmm...

Is the 5-day VWAP based on closing price or actual traded price for each lot of share traded? Does anyone know? Thanks.

Twinpeak. How do you know where he goes for holiday? You have his FB / Insta / know him personally? Dim.

Like I said, mosquitoe bite. If you’re BS-ing, which you always do, then you’ll just be fine. If you really 开口中， we will make sure you are sent into lockup and eat curry gravy rice.

Those followed your sell call earlier have sold at RM 1.2X.

Anon. I can make money elsewhere. And it’s hardly bleeding, maybe a mosquitoe bite. And this stock is... a single counter in my lifetime. I can hold 5 or 20 stocks at this moment.

How about you? You’re stuck with your psychotic character for lifetime. This character of yours, whatever you make out of it, will stay with you everyday and it represent 100% of you. Not your car, not your house, not your possessions matter. It’s your character that tells ppl who you are. And you’re stuck with one that has despised many ppl here.

You are worried about my mosquitoe bite? Perhaps it’s time to look inward. It’s not easy but you have to start somewhere. It’s better than dying a dickhead.

客气地回你一下。收皮兼死远一点啦。

I am not rich by any measure but I still feel very fortunate to have what I have. I hope you can reflect and start working on your character. Don’t be so poor that you only own materials but no character. This is the only advice you will ever get from me.

Anon. Money is but a number to me. Losing money is unfortunate but not scary. Listening to a nutcase like you? I might as well throw my character away. So thanks but no thanks.

From the pattern, it seems that there’re 2 parties. One was trying to push it up a little when another suddenly came in to press it down and also parked 1,000+ lots at RM 1.40 to show for a while... Finally they agreed to keep it at RM 1.40.

Just thinking objectively, why aren’t the big boys coordinated? I know there’s a imminent PP and also 1:2 share split. Why spend millions to push the price up only to later press it back down for PP and then later push it back up? Burning money eh.

Why cannot do PP at RM 1.30-1.40 and then push it higher from where it is now?

Anon. Those who had followed your sell call previously had sold at RM 1.2x...

Anon. You’ve been advising ppl to dump in the previous upwave at 1.3x. And you mentioned the QR would be very poor. How could you have held on and only sold at RM 1.48?

Here only you have a memory that last < 2 minutes.

How did they push from rm 1.00 to 1.50 while unloading millions of shares? If you do the count, it’s extremely difficult for a counter with such a low daily transaction volume. From RM1.0X when they wanted to push up, a lot more ppl are at the selling end because it was deemed a light at the end of tunnel for them... Not many joined the band wagon to buy.

Twinpeak, I guess you’re right. I just feel a bit helpless sometimes. See them spent money to push up but don’t defend that support level... Or maybe I’m too noob, this is them doing right pocket left pocket to lure weak retailers to throw before they push somemore. Can only continue holding.

Anoym177, I’m still in the red. =|

Sharks want to make money too right? Someone is pushing the price up slowly. So if the objective is to make money, he just needed to park sell queue and let ppl take his shares. Now we’re seeing someone throwing to push the price down with an intention. Evil.

Today someone is keeping the price low. 多方加油! 打败坏人。

On a more serious note, buying mall will give IUBB a stream of more stable income, at the same time branching out into a different business different from its usual core one which is property.

90% occupation rate. The key is huge discount from market rate and the potential of what it could be. Very much like buying any other asset, you buy one which you can greatly improve to materialize its full potential. That’s how one can buy cheap and create value. Buying something that is already at its full potential at premium price just doesn’t make sense.

The subtle signs are showing. Maybe will go into construction later too looking at the tender for the Penang airport earlier. Same concept, wait until everything is bleeding obvious, then the value would already be reaped by ppl who bought it while it’s cheap.

Luckily Anon doesn’t agree with the move, we wouldn’t want to buy any mall that Anon would go.

I learned that anything is possible and nobody knows the future for certain. But if you listen to the nutcase, you either end up in holland or share a room in a mental asylum with Anon.

You’re right that it went from a lowly sub-RM 1.0x to RM 1.49 in 2 months time. But this stock also went front RM 1.86 to RM 1.04 in less than 1.5 months’ time. TA doesn’t quite work here, sometimes the volume dries up entirely, and a lot of shares are in the hands of same group of ppl.

Why the sudden drop from RM 1.86 to RM 1.04 previously? The news only came out when it bottomed. So why did the price go up so fiercely this round?

Good closing. Have a good weekend everyone. Pre-QR uptrend has extended into post-QR.

Annualized EPS is around 16 cents assuming no improvement in profit. I feel that there’re a lot of rooms to grow, especially the potential to get projects on PMTP and even airport expansion. Now also trading building materials. PE 10 means RM 1.60. PE 15 means RM 2.40. It shouldn’t be at RM 1.4x ba. Now it even started giving out dividend.

There are a lot of ppl’s hard earned money here. There’re so many ways of earning money. You don’t have to spread fear, lies, etc.

The report missed out details of Imperial Grande, Amarene, Mori and Imperial Ville...

Ventured into selling building material. Will likely go into construction field also. Should be valued not lower than PE 10 ba.

Low volume transacted post result release. I guess investors are unsure of a suitable PE. Need the big boy give clue.

Guys. Remember we want to remain calm and share only constructive / useful posts here? Let’s ignore the noise. Today is a good day.

Understood. Thanks!

Pardon my ignorance, what does BBD fund stand for?

Twinpeak, I apologize if I offended you. Frankly, I still can’t be sure now.

But the question you posted to Anon is similar to what I wanted to ask but I withheld because I knew it’s just a waste of time (although I am also not sure about your claim of RM 16m net profit without making reference to the current share price), and also your comment to Anoym177 is akin to reading my mind.

Maybe we can all just ignore unproductive posts and focus on sharing useful news/views?

Again, sincere apologies if I hurt your feelings.

The reds. I wasn’t challenging you... I was genuinely asking to know how a trap work... as in, how does it make money for the operator?

My thought/guess is that... the boss once brought the price down for corporate exercise. Now that it’s done / almost done, it’s time to build a new base price before the release of some good news / results to propel further. I have to declare, this is me doing 100% speculations. Do not trade based on this.

If it were the same buyer, he has already spent around RM 4m to 5m getting the price from RM 1.1+ to where it is now... if he’s selling to himself, then it seems quite silly that he has to fight with himself at the 1.40-1.45 price range...

Only one way to find out, sit it out... I wish that this is a genuine uptrend.

The reds. How to see / tell? Wouldn’t doing this cost the buyer money...?

Do you mean, create the first wave of uptrend to create hype. When the last leg of uptrend is supported by Ikan bilis, which is when the shark unload?

QR good or not still unknown. But the volume is meaningful. Likely going into construction and acquiring projects. Pushing into RM1.40-1.45 region, I hope buyer wins.

There are only 5 ppl in this forum. Starcam, the reds, anoym177, myself and then the rest all belong to the same nutcase.

https://www.theedgemarkets.com/article/maybank-roped-penang-megaproject

Relevant? At least it is closer.

What is expectation?

Previous 3-4 projects either completed or at end stage with no replacements.
Injected 3-4 new projects all at early stages (won’t be contributing too much profit, if any).
Share base inflated by > 4times.
Potential beneficiary of PMTP.

Macro, Trump and Xi fighting non-stop with other issues in Europe, HK, etc...

I really don’t know what the market expectation would be anymore.

463.5m shares. I predict 2.5 to 3.0 cents EPS but better quarters going forward. However, what would the PE be? 12? 15?

Sad. Pushed up just to press it down. Small investors are but toys to the rich.

Someone spent c RM 2 mil to push the price up to RM 1.41. Supported at RM 1.30 for 3 weeks (could be a different person), then now just let it free fall. I don’t understand.

But I know Alex asked for shareholders’ votes to allow company buyback to stabilize share price. Why didn’t he do something?

Now this forum has a nutcase, anything others post that is not from this nutcase he’ll personal attack you. I hold 1 ID, I posted relevant news from reliable sources (bursa, news portal, etc), and I got attacked. This happened to many others.

Do others not have the right to share their thoughts? Just because someone you haven’t heard before shared his/her views that didn’t materialize doesn’t gives you the right to stop others from sharing their views.

This is a forum for god’s sake, not your house. If you do not agree you may refute or debate. It doesn’t give you the right to call ppl names just because you disagree.

twinpeak. Just leave him alone. I learned the hard way that he is both morally deficit and mentally ill. He’s not worth any of our time.

Again. Bullying is unacceptable. So we really hope you can just leave.

I’m in my 30’s. But I really failed to see how my age is relevant at all. I dont’t know your physical age, but it is obvious mentally you didn’t make it to adulthood.

You have misplaced confidence. What we are asking, is not for you to share anything but to leave this forum. As in, F off and never come back.

anonym177, there is such a thing called freedom of speech. He was just sharing his opinions. He even said “invest and trade at your own risk” and he was making projections based on his own observations and experience. What is wrong with you? You are the only person who contributed nothing to this forum ever. If anyone is to leave, it really should be you.

Check out Ideal Property Group FB page. RHB covered IUBB in its analysis report today. Fair price RM 1.60.