HLCap definitely overvalued. But the situation is different. They are in the takeover battle saga. HLCap is intended to be privatised by HL Fin Group. Their offer is too low (as always the billionaire tauke always made offer at cheap price). Then came a bold, wealthy Tan Sri who moped the shares from the open market to block the privatisation by HL. This is kind of shareholder activism to ensure the minorities are not being bullied by the HL tauke.

However the mopping up of shares by this Tan Sri from open market had caused the share price to increase dramatically. He collected almost 10% and HL almost 80% I think. Very little shares left in the market.

Datasonic has fundamental but at current price it is overly stretched. Just my humble opinion..

Ya, I'm hoping for that too. It is a matter of time before others join the fray. I believe once it has crossed RM2.00, it will get the limelight from investors community.

Yesterday share price increases by 3cent, today 5cents, tomorrow might be 7 cents. Haha. The stock is illiquid. If someone gobble up by huge volume it will rise very fast.

Someone says about TP of RM4.08 by RHB. Please, TP is only a guide but do not blindly believe that the share price is worth as TP. I give you one example. Remember JCY? It share price was RM1.50 in early 2012, when it made a net profit of almost RM400million in that FY. We all know that it business is cyclical and much depended on technological factor (technology shift from hard-disk to SSD). It was in 2011 that flood hit the hard disk manufacturer in Thailand, causing the windfall to JCY as they received higher orders from established hard disk brands and hence they made huge profit (that RM400million). Investment bank painted rosy pictures through high TPs given to JCY eventhough they know that business will back to usual once the hard-hit hard disk recovers from the flood. Suddenly in August 2012, an well-known investment bank issued a SELL call to JCY. Traders panicked and sold their share causing a limit down. The following quarter confirmed what the investment bank said. JCY made a loss in that quarter. What I am trying to say is a good investors should know when to enter and when to exit.

By the say, in the RHBIB report, they did mentioned about the risk posed by Dsonic. Dsonic earnings are much depended on contract based, as what they experienced last year. The government ordered more than 10 millions card since our ICs is upgraded for more security features. Which means only 18 millions card left to be replaced + newborns + lost ICs. Last year was a bumper year and it is difficult to replicate the same success unless they got contract to produce ICs in India, China and Indonesia.

I am writing this not because I want to put salt on your wounds but I want every investors/traders to keep their mind straight when making decisions. Put aside your greed and emotions or else the sharks always win...

agree with impartiality. Pavilion/pavillion reit should be injected to Malton so that Malton can recurring income. Plus Malton do not give dividends although they posted profit.
That's why the investors shied away from this stock.

To kancs3118,

I am also a fundemental type and not traders. From my observation, if you've bought Malton in May 2012, you would have made 100 percent profit. But others might have made more through other property stocks, i.e Tambun. Malton is a good company, scoring revenue more than 300 million since 2006. However their earnings is erratic. Net profit are up and down from 2010, ranging between 22m to 72m.

For me, when I invest in stocks, I would look for the dividend as it is an indication that the company has a strong cashflow. The dividends should be given consistently from time to time, not the special dividends. Normally, 5% dividends as compared to the share price is good enough since it is difficult to find nowadays as the overall share price has gone up so much.

As for the question for the entry price, I always use Price Earning Ratio and Net Asset Value to gauge the share price although it may not be accurate. That is my opinion.

I believe the share price will increase more towards the ex-date of 24 April. 5 cents of dividend.$$$

Cliq pattern for these 2 days is interesting. Yesterday some1 dumped their 10,000 lot at 63.5c and there is buyer collecting with the same amount. Today is quite the same. The only difference is the they dumped at 63cent.

Jangan percaya khabar angin yg mengatakan harga Dsonic akan jatuh. -PM-

Lol

RHB upped their TP from RM2.20 to RM2.50. I am quite confident that it can reach RM2.20, and play catch up with Titijaya (RM2.15 now). It is just that the disposal of shares by Nadayu that created share price overhang. Looking at positive side, actually TI is well supported even with large disposal by Nadayu. Only small correction occured. I believe the share price will increase towards the announcement of 4.6 cent dividend. I quite agree with impartiality, as Nadayu might need cash for working capital to their current projects in Melawati.

The difference between TI and others developers in the vicinity of Penang mainland is their strong track record and aggressiveness. Look at how they grow their revenue and net profit. From a small developer with a revenue of RM40 million in 2010, they are now churning almost RM400 million of revenue. So does the net profit. All they need is to increase their landbank and diversify to other market.

My method of investing is to see the products of the company that I invested. I have gone to see houses by TI and quite confident with its prospects. Same goes to other property developers that I invested in. Seeing is believing. Haha

Cheers!

Malton is a good company, may consider as well looking at the prospect.

hopefully it is a good news.

agree with kancs3118. Most of property players focused on high-end houses in Johor, Klang Valley and Penang. With the reintroduction of RGPT, these property players are caught red-handed. Even big property players like Mah Sing is now shifting to affordable house below 700k. TI stands good chance to capture the market in Batu Kawan due to close proximity to 2nd Penang Bridge and it is already offering affordable houses. TI managed to buy land at cheap prices in the past and going forward is their plan for diversification. Focusing at one place is unsustainable and they have to diversify to other places and markets.

It is worthy to have another look at other property stocks that are doing well. But invest at your own risk =)

1. Titjaya
2. Oskproperty
3. Matrix Concept
4. SBCCorp
5. Seal Inc (new project with KL City Hall)
6. Crest Builders
7. UOADev

UOA is among the big property players. I wonder the why the share price does not reflect that.

Consolidation mode. Nice to see the share price holdings up even with a very small volume.Expect the share price to increase when near to 5 cents dividend ex-date on 24 April. Cheers!

I've made some benchmark against other property stocks. At 2.20 the PE is around 10x.

Agree with Icon8888.
Oskprop has low liquidity. Easy to rise further.

Wow! 62 cent only..Bargain!

OSKProp is tightly held by their owner, Ong family. Flush with money after selling OSK Invsmt Bank to RHB, OSKProp is the favourite target for privatization. Even the warrant is 75% owned by Ong family.

tambun is steady! cheers

New rising star after Tambun and Titijaya. OSKProp is deeply undervalued since it is under NAV of RM1.71. Last year EPS is 23 cent and they give half of it at 10 cent. OSKProp is at par with Tambun and Titijaya but its market cap lag behind those two. Based on the share based of 240 million and share price of RM1.68, OSKProp is valued at RM400million, whereas Tambun and Titijya is valued around RM800 million each. I believe OSKProp should be priced at RM3.00...

Cheers!

Touched a new high of RM2.00. I have disposed some of my holdings to lock some profit. But I am still thinking that Titijaya should be valued between RM2.20 to RM2.40.

new high!

hopefully it will touch RM2.00 tomorrow. the more the merrier. Haha.

someone is collecting the shares..=)

HY14 revenue is already 71.5% percent of overall revenue FY13, while the net profit HY14 is RM32.8 mil while full FY13 net profit was RM52 mil. NAV is now RM1.04 while the share price is RM1.73. Titijaya is known to have great margin (above 20%) since they bought land at cheap price. So does Tambun.

At current price, their market cap is already 760 million.

callme77 is correct. They rejected the potential QA. All borad members agree except for one. Now waiting for another QA...

If I'm not mistaken, there is no research house that cover this stock yet.

accumulate while you can. There's no need to wait for Saudi job since their job in hand is lucrative enough. I am not at liberty to reveal any further..=)

My verdict is the share price drop due to poor result for last quarter. Sept to Dec usually a weak quarter due to monsoon season. Activity will pick up after monsoon season. My 2 cents..

Below 1.80 might be okay. Last 2 days had seen huge volume selling between 1.77-1.80 but last minute support managed to put back the price to 1.79. Highest historical price is 1.92, so i assume upward movement to 1.92 not much problem.

Barakah market cap is almost RM1 billion which made it eligible for fund managers to subscribe. In fact the funds holds close to 15% based on 2013 annual report. Still not convinced? haha

Quite agree it is hard to find their news. Not like Mah Sing, Eco World, SP Setia. Everybody know whne they launch their new projects, but as long as the director doing their job to increase profit, I am okay! haha

The biggest project I assume will be the h2o @ Ara Damansara. GDV might be RM500-RM700 million. They have 4 other projects in hand including Embun@Kemensah which was launched late last year. Almost all their project are freeholds, and can fetch higher price psf compared to leasholds.
http://www.titijaya.com.my/upcoming-projects/h2o-residences-ara-damansara

I am bullish on Titijaya since their market is in Selangor where demand for house is growing. NAV is RM1.04, which makes their current share price looks very cheap. I believe Titijaya might be worth RM2.20 now via a direct comparison with Tambun.

I believe the share price will pick up. just read the annual. It contain a lot of information...

Titijaya is also fast catching with Tambun. Today titijaya add 8cent to RM1.80. Investors anticipate 10cent dividend (from full quarter) from titijaya while Tambun only give 6.6cent for last FY13. However this year, Tambun's dividend will be higher since Tambun will book all profit from subsidiaries. Last year they made 64mil net profit while 23mil (almost half!) goes to minority shareholders. This year RHB targets tambun to made 92mil net profit which brings the EPS to 23cent.

Tambun has targeted to give out 40-60% from net profit as dividends. If 40%, it is more than 9cent per share which is at par with Titijaya. Cheers!

Huge blocking at 1.80. Who is selling?

Huat ar!

Their margin quite high. Annualized EPS almost 24 cent. They wanted to opt for 40% dividend policy. Almost 10cent dividend! Higher than Tambun for the time being.

Best ever result! Record revenue, net profit in a quarter! Quite surprise when RHBIB prediction is almost correct (revenue 376 million and net profit 64million). The only difference is Tambun is yet to surpass the TP RM2.08 but this will happen soon.

Dividend of 4.6 cent is an improvement from 3.3 cent from last year. Although the total dividend of 6.60 cent is lower 9.10 cent, I believe Tambun might want to conserve some cash for land acquisition. Going through the numbers in the report, Tambun cash increase form 95 million to 125 million, the long-term borrowing decreased by few millions.

Going forward, Tambun launches planned for 2014 include new projects such as Pearl Harmoni, Pearl Avenue 2, Raintree Park and Pearl Tropika in Pearl City, Simpang Ampat, Camellia Park in Butterworth and Taman Bukit Residence in Bukit Mertajam.

To ApaMauMau, conversion of warrants is too small and does not impact the share price at all. The transfer of Novinia Sdn. Bhd. to be put under Palmington Sdn. Bhd is just a normal excercise. The land held by Novinia (which Tambun bought in December 2013) might be developed by Palmington and reduce the cost since Palmington has all the machineries and project team to develop the land.

Cheers!

hopefully they announce solid result this week. finger-crossed..

hopefully tambun touches RM2.00 thus week..

haha, many companies will be scrambling to announce their result on the last week of February.

Maybe Q4 announce next week..

It is possible actually. Westports, Astro, and Maxis announced dividends in 2nd quarter after listing. I believe Titijaya is capable of giving out dividends as soon as 2nd quarter after listing.

Strong volume yesterday n today. I believe there might be good news incoming. Perhaps great dividends ahead? Cheers!

I'm teruja too. Plus, the Q4 announcement. Haha.

http://www.bharian.com.my/bharian/articles/NajibterujatungguhariperasmianJambatanKeduaPulauPinang/Article/?bh

Astro pun sampai sekarang struggle nak break 3.00. same story. AK took out money 1st before listing, and list for overpriced IPO.

I have grown impatient with Wprts. All is not well since the listing.

Overpriced IPO price of RM2.50 instead of below RM 2.00. Net asset/share is only worth RM0.47. Declared 5.22 cent dividend, while the owners enjoyed 35 cents of dividend before IPO. That is 7 Quarters worth of dividends!

Plus the owner sold their own shares and netted more almost 1 billion. Institutional investors like PNB and EPF had first hand info regarding the IPO and they don't subscribed. We, as the retail investors does not have that privilege. MITI investors even worse, they even don't have chance to see the prospectus before making payment for shares offered.

Some may see Westport as dividend-play stocks. But the way they handle the P3 alliance news after it came out 1 day after listing is horrible.

Hoping for the great dividends for last FY.

Titijaya is tightly controlled by the owner, therefore the share price is likely to increase faster. Maybe investors are waiting for Q2FY14 the before snapping up the shares. Finger-crossed..

Yes, read that in the star today. Penang 2nd bridge opening date on 1st march.

glad to see the price inching upwards.

Moving forwards I would like to see Tambun diversify from Penang market. Maybe they can carry out M&A with other property companies. IMHO, an M&A with Titijaya would be ideal. Almost the same size, they cater two important markets which are Penang and Selangor. Market cap will shoot up to above RM1 billion and made them eligible to be invested by funds..

Cheers!