BJ PROJECT WAS LAUNCHED AT WITH A VERY GOOD TIMING. ABOUT 2.5 YEARS AGO WHEN THE PROPERTY MARKET WAS STILL STRONG. HENCE ITS EARLIER PHASES WERE ALL SOLD OUT. HENCE THE REMAINING PHASES MAY NOT NEED MUCH FUNDING AND SHOULD IN FACT BE SUPPORTED BY THE PROGRESSIVE COLLECTIONS FROM THE UNBILLED SALES.
FURTHERMORE THE INCOMING RM50M CASH RECEIVABLE FROM ECOWORLD WILL BOOST ITS CASH HOLDINGS AND CASH FLOWS. IN ADDITION MALTON'S GAERING WILL BE GREATLY REDUCED BY 97M UPON SETTLEMENT BY ECOWORLD.
HENCE MALTON'S FUNDAMENTALS REMAIN STRONG AND BECOMING STRONGER

OF COURSE A BUMPER PROFIT IF ENHANCED BY A SPECIAL DIVIDEND WILL BE EVEN BETTER

THE EXPECTATION OF A POTENTIAL SPECIAL DIVIDEND IS BASED ON EXPECTED GOOD BUMPER PROFITS OF RM58M IN THE COMING QUARTER RESULTS ( WITH THE RECOGNITION OF CAPITAL GAIN 36.3M). THERE IS NOTHING TO PREVENT THE COMPANY FROM DECLARING IT. MANY GOOD COMPANIES DO IT.
THE WHOLE YEAR'S PROFITS FOR LAST YEAR WAS 37M. HENCE WITH A PROFIT OF 58M JUST FOR 3 MONTHS IN ANY OF ITS QUARTER RESULTS FOR CURRENT FINANCIAL YEAR CAN SUPPORT ITS SHARE PRICE INCREASE (CAPITAL GROWTH LIKE SOME READER SAID ABOVE). IMAGINE JUST 1 QUARTER'S PROFIT IF REPORTED TO BE 58M WILL FAR EXCEED THE WHOLE OF LAST YEAR'S PROFIT OF 37M.
SURELY THIS NEWS WILL BUMP UP MALTON'S SHARE PRICE.

NOT NOW BUT IN THE COMING QUARTERS WHEN THEIR RESULTS REPORTED BUMPER PROFITS.
ASDUMING 4Q PROFITS REMAINED AT 22M THEN ITS CAPITAL GAIN
OF 36.3M = 58.3M JUST FOR THAT QUARTER.
CAN DECIDE TO REWARD LOYAL SHAREHOLDERS WITH A SPECIAL DIBIDEND.

STARTED COLLECTING FROM 0,60 ONWARDS.
SOUND FUNDAMENTALS AND GOOD BUSINESS PROSPECTS AND POTENTIAL WHICH CAN BE UNLOCKED WITH BETTER PROFITS AND BIGGER BUSINESS CONTRACTS.
MEANWHILE HOLD AS INVESTMENTS AND EARN THE HIGH DIVIDEND YIELDS

BEYOND 0.70 TO .80 CAN BE ATTAINED WHEN REALLY GOOD NEWS ARE SEEN

DIVIDEND EX DATE IS 29 NOVEMBER.
WITH POSITIVE NEWS PROGRESSIVELY ANNOUNCED AND AS WE APPROACHED NEARER TO THE DIVIDEND EX DATE, WE SHOULD BE ABLE TO SEE SHARE PRICES GO HIGHER TO THE 0.685 TO 0.70 RANGE.

AS INVESTORS WE AIM FOR MORE FINANCIAL RETURNS
LET US HOPE FOR MORE REWARDS BY WAY OF A " SPECIAL DIVIDEND" GOING FORWARD WHEN ALL THE GOOD ANNOUNCEMENTS ON CORPORATE ACTIONS ARE RELEASED (ESPECIALLY THE RECEIPT OF RM50M CASH FROM ECOWORLD AND THE MUCH HIGHER QUARTERLY PROFITS REPORTS (WITH THE RECOGNITION OF CAPITAL GAIN RM36.3M FROM THE REVOCATION FEE)

MALTON'S DIVIDEND GIVES MUCH HIGHER CASH RETURNS THAN BANK FIXED DEPOSITS
___________________________________________________________________________
100,000 SHARES @ 0.655 = RM65,550
100,000 SHARES @ DIVIDEND OF 2.5 SEN = RM2.500 (in 2 months time)

BANK FD RM65,550 @ 3.4 % PER ANNUM = RM 557 (in 3 months time)

(65,550 x 3.4 % x 3 divided by 12 )

FOR THE SAME PRINCIPAL INVESTMENT MALTON CASH RETURN IS RM1,943 MORE THAN BANK FD AND ALSO MORE QUICKLY

ALL THESE IMPENDING ANNOUNCEMENTS ARE IN THE PIPELINE TO BE RELEASED OVER THE NEXT FEW WEEKS OR MONTHS AND SHOULD ACT AS CATALYSTS TO BOOST ITS SHARE PRICE GOING FORWARD

UPON THE ANNOUNCEMENTS OF ALL THE ABOVE , THEN WE CAN SEE THE REALISTIC PROSPECT OF A SPECIAL DIVIDEND ON TOP OF THE CURRENT DIVIDEND. THEN WE WILL DEFINITELY SEE CAPITAL GROWTH

THE REVOCATION FEE OF 50M, THE REDUCTION IN GEARING BY 97M ARE FACTUAL, BASED ON BURSA ANNOUNCEMENTS. THE EXPECTED BIG JUMP IN NEXT Q PROFITS ARE ALSO REALISTIC BEING BOOSTED BY THE CAPITAL GAIN OF 36.3M. THE IMPENDING AWARD OF BIG CONSTRUCTION CONTRACTS BY THE PAVILION GROUP FOR ITS PHASE 2 OF THE BUKIT DAMANSARA PROJECT IS A GIVEN AS IT'S NORMAL AND WISE TO GIVE THE CONTRACTS TO A MEMBER OF THE PAVILION GROUP (AND THE PROJECT HERE IS HUGE (RM7B).

ALL THESE POSITIVE CATALYSTS WILL SUPPORT AND INCREASE MALTON'S SHARE PRICE (I.E. CAPITAL GROWTH) EVEN AFTER IT WENT EX DIVIDEND ON 29TH NEXT MONTH

Capital Growth after ex D will come with the announcements of better profits in the next Q results, the receipt of the balance of revocation fee rm45m cash from Ecoworld and the settlement of the rm97m related loan Plus the award of mega construction contracts by the Pavilion Group for Phase 2 of the Bukit Damansara project.
All these should be in the pipeline

Current Dividend is 2.5 sen
Looking forward to its prospective Special Dividend in the next Q results which is expected to very strong based on the above

AGREE. UPSIDE POTENTIAL WILL BE GOOD.
FY2017 WITH ITS 1Q STARTING 1/7/16 TO 30/9/16 WILL SEE GREAT RESULTS TO BE ANNOUNCED NEXT MONTH

MALTON WILL ALSO RECEIVE RM50M CASH AS REVOCATION FEE. ( IN ADDITION TO HAVING RELATED FINANCING RM97M BEING PAID OFF BY ECOWORLD)

1) DIVIDEND OF 2.5 SEN GIVES A YIELD OF 3.82% (BETTER THAN BANK FD's 3.4 % NOW)
PAYMENT RECEIVABLE IN 2 MONTHS TIME.
2) NEXT Q RESULTS WILL BE VERY STRONG. ASSUMING ITS STAYS SAME AS 4Q AT RM22M + 36.3M CAPITAL GAIN FROM THE REVOCATION DEAL WITH ECOWORLD, ITS 1Q PROFITS WILL JUMP TO RM58M.

ECOWORLD WILL ALSO PAY OFF RELATED LOAN OF RM97M THUS SIGNIFICANTLY REDUCING MALTON'S GEARING AND BANK INTEREST COSTS AND HENCE INCREASING ITS PROFITS AND FREE CASH FLOWS.
WITH SUCH BIG FINANCIAL BENEFITS, PROSPECTS ARE BRIGHT FOR A
SPECIAL DIVIDEND IN THE NEXT Q RESULTS.

BUKIT JALIL DEVELOPMENT PROJECT IS PROGRESSING WELL.
ADDITIONAL BIG CONSTRUCTION CONTRACTS FROM BUKIT DAMANSARA NEW TOWN CENTRE/PAVILION MALL (2ND PHASE) WILL BE RECEIVED FROM ITS PARENT PAVILION GROUP.

YES. BREAKOUT ON THE UPSIDE

UPDATES/REVIEW OF MALTON'S FINANCIALS AND PROSPECTS(based on its FYE 30/6/2016)
---------------------------------------------------------------------------------------------------------------------------
CAPITAL BASE RM448M (PAR RM1)
NTA per share RM1.65
EPS 8.3 SEN
RETAINED EARNING RM268M
CASH/BANK DEPOSITS RM97M
PROSPECTIVE DIVIDEND 3 SEN YIELDING A RETURN OF 4.8% (LIKE PREVIOUS YEARS BUT CAN BE SLIGHTLY MORE)

POSITIVE CATALYSTS
==================
1) DIVIDEND ANNOUNCEMENT BY THIS MONTH END
2) IMPENDING ANNOUNCEMENTS ON NEW/ADDITIONAL BIG CONSTRUCTION CONTRACTS FROM THE PAVILION GROUP (IN-HOUSE AWARDS FOR PHASE 2 OF THE BUKIT DAMANSARA NEW TOWN CENTRE)
3) INCOMING RM50M CASH (AS REVOCATION FEE) FROM ECOWORLD WHICH WILL ALSO PAY OFF MALTON'S RM97M LOAN RELATED TO THE REVOKED JOINT VENTURE. HENCE MALTON'S BORROWINGS/GEARING WILL BE REDUCED BY RM97M
4) MALTON WILL RECOGNISE A CAPITAL GAIN OF RM36.3M THUS BOOSTING ITS BOTTOM LINE PROFITS.

PROSPECTS LOOKING VERY GOOD

WILL NOW HAVE QUITE A TIDY AMOUNT OF CASH TO WAIT FOR BUYING OPPORTUNITIES WHEN THE MARKET CORRECTS TO LOWER PRICE LEVELS WHEN IT BECOMES AFFECTED BY ALL THESE UNCERTAINTIES. WILL HAVE A CLEARER MARKET DIRECTION BY EARLY DECEMBER

PERSONALLY I BECAME VERY TIRED OF HOLDING SO LONG HOPING AND WAITING FOR ITS DIVIDEND ANNOUNCEMENT FOR THE CURRENT YEAR.
DISAPPOINTED THAT THERE WAS NO DIVIDEND WHEN ITS 2Q/HALF YEAR RESULTS WAS RELEASED. DECIDED TO WAIT TILL NOVEMBER FOR ITS 3Q RESULTS AND HOPE TO GET A DIVIDEND THEN.
BUT LAST FRIDAY'S ANNOUNCEMENT THAT IT HAD USED RM280M FOR EARLY REDEMPTION OF ITS MTN LOAN MADE ME WONDER IF THIS USAGE OF ITS CASH WAS AT THE EXPENSE OF PAYING A DIVIDEND COME NOVEMBER (AS LESS CASH WILL AVAILABLE FOR DIVIDEND PAYMENT).
WITH THIS DOUBT AND BCOS OF THE MANY MAJOR ECONOMIC/POLITICAL UNCERTAINTIES NEXT MONTH (USA ELECTION AND INTEREST RATE HIKE N BERSIH5)
I FINALLY LIQUIDATED MY TROP

Red alert for US stocks with ‘very high’ chance of severe fall, warns HSBC
Gemma Acton | @GemmaActon
2 Hours AgoCNBC.com
"The possibility of a severe fall in the stock market is now very high," warn technical analysts at HSBC, who have dialed up the bank's outlook for U.S. stock markets to "red alert" following an aggressive wave of selling.
The warning heightens the note of caution in HSBC's tone from a September 30 report in which the bank issued a lower rated "orangealert", pointing to similarities between Dow Jones Index trading patterns seen just prior to the 1987 "Black Monday" stock market crash and now.
HSBC contends the "head and shoulders" shape - a visual representation of price trends which are seen to signify the approach of a market top – is currently in evidence for the industrials-focused index, saying the pattern has recently been tested and re-tested.
The report described Wednesday's sell-off as "broad-based" and as demonstrating "intense selling pressure", both factors in its decision to crank up the alert level.
The note highlights 17,992 points for the Dow and 2,116 points for the S&P 500 as the critical pivot points to watch for signs of a broader capitulation.
Clinton will win election, but expect ‘nasty time’ for the markets, David Stockman says
Annie Pei
While many analysts believe the market will pop given a Clinton victory, Stockman believes the economy is in trouble regardless of the result.
This is because Stockman predicts Congress will be "totally dysfunctional" once Clinton is in office, as lawmakers may not be able to come together and work out solutions leading to economic growth given how many divisions the election has caused.
What could make it even worse, according to Stockman, is political action taken against Clinton within the first few months of her presidency.
"I think it's going to be so contentious in the House because [Paul]Ryan has moved to protect his House majority, that it's very likely that investigations will begin immediately," he said. "And within any kind of excuse, they will try to impeach Hillary Clinton barely after she gets in office."
In other words, political gridlock and a Clinton impeachment could be on the way, and the market will be a victim.
"When the stock market stumbles and the economy begins to actually register negative growth, which I think is coming if not next quarter certainly in the first half of next year, there's going to be nothing below and the market is going to go through a massive contraction," said Stockman.
"I think it's going to be a very nasty time in the year ahead," he added.
IF TRUMP WINS, VERY NEGATIVE FOR WORLD ECONOMY AND POLITICS DUE TO HIS PROFESSED DISRUPTIVE POLICIES.
BUT NOW EVEN A CLINTON WIN WILL ALSO BE BAD (per above)
PERSONALLY NOW IN A CAUTIOUS STANCE DUE TO THE ABOVE RISKS NEXT MONTH
PLUS WORLD MARKETS NEAR ALL TIME HIGH.
ADDITIONAL ECON & POLITICAL TENSIONS FROM USA INTEREST RATE HIKE IN NOV OR DEC AND BERSIH5 ON 19/11.
SAFER TO WAIT UNTIL AFTER ALL ABOVE UNCERTAINTIES ARE OVER
(Disclaimer: my personal views only. Not calls to buy or sell any shares/counters)

AGM

NORMALLY THE 2 ANNOUNCEMENTS WILL MADE FIRST TO BE APPROVED
AT THE COMING AHM

Share buy back mandate

PROPOSAL TO RENEW SHARE BACK MANDATE N RELATED PARTY TRANSACTIONS (RPT)
AT AGM. EXPECT 3 BIG ANNOINCEMENTS
DIVIDEND
BIG CONTRUCTION CONTRACTS FOR MALTON NY PARENT PARENT PAVILION
GROUP (RPT INHOUSE) FOR PHASE 2 BUKIT DAMANSARA PROJECT
RM50M REVOCATION FEE FROM ECOWORLD
STARTING NEXT WEEK PRICE UPTREND STRONGER N FASTER

GOOD SIGN. 0.645 RESISTANCE BECAME SUPPORT LINE.
VERY LIKELY THERE ARE SOME ADDITIONAL GOOD NEWS COMING

UPDATE. LATEST CHINA ECONOMIC DATA . A SHOCKING 10% SLUMP ON EXPORTS. USA DOW FUTURES NOW DOWN TRIPLE DIGIT POINTS.
HOW?

IS IT BASED ON TECHNICAL CHART INDICATORS?

ACTUALLY THE MAIN BUYER WAS WILLING TO BUY AT HIGHER PRICES TO ACCELERATE UPTREND BASED ON ITS CONVICTIION THAT SOME ADDITIONAL VERY GOOD NEWS ( BESIDES DIVIDEND N THE 50M CASH FEE) IS COMING.
BUT SINCE STILL GOT SELLERS THEY
ARE PATIENTLY COLLECTING MORE FIRST

Sellers supplies will be exhausted soon

GOOD NEWS CATALYSTS INCLUDING DIVIDEND ANNOINCEMENT N THE RM50M REVOCATION
FEE IN CASH HAPPENING SOON.

TQ. APPRECIATE IT

ITS OK. ANY ONE IS WELCOME TO AIR THEIR VIEWS. i3FOFUM IS A GOOD CHANNEL TO EXCHANGE MARKET INFO N NEWS. ANYWAY MY VIEWS ARE BASED ON FACTS N NEWS WHICH ARE ALREADY AVAILABLE IN PUBLIC DOMAINS. I WOULD JUST HIGHLIGHT THEM N ADD IN MY
PERSONAL INTERPRETATIONS N WHICH NOT CALLS TO BUY OR SELL. IN FACT I HAD ON DIFFERENT OCASSIONS HIGHLIGHTED BOGH POSITIVE AS WELL AS NEGATIVE ONES WHENEVER SUCH NEWS ARISE. ANYONE CAN JUST IGNORE MY COMMENTS. MY APOLIGIES IF I HAD UNINTENTIONALLY UPSET ANYONE.

SKLIEW. YOUR VIEWS ARE ACCEPTED (HOWEVER PLSE NOTE THAT MALTON'S BALANCE SHEET DO HAVE A FAIRLY SIZEABLE AMOUNT OF RETAINED EARNINGS INDICATING THEY CAN AFFORD IT.
NEVERTHLESS I WILL BE BE HAPPY TO GET 3 SEN N BE VERY HAPPY FOR GOLDENSHARE'S 3.5 SEN

THE 3 SEN D IS THE NORM.
THE ADDITIONAL 1.3 SEN IS IN MY WISH LIST. THEY CAN AFFORD IT. ESPECIALLY NOW THAT THEY ARE GOING TO RECEIVE RM50M REVOCATION FEE N REGISTER A NET CAPITAL GAIN OF RM36.8M. ECOWORLD WILL ALSO PAY OFF THE RELATED LOAN OF RM170M THEREBY REDUCING MALTON'S GEARING. HENCE THE BATU KAWAN DEAL IS A VERY GOOD ONE FOR MALTON. DESMOND SHOULD CELEBRATE IT BY GIVING THE SPECIAL D. GOOD FOR EVER ONE

B.KAWAN DEAL JUST WAITING FOR OFFICIAL GREENLIGHT BY THE PENANG GOVT/LOCAL AUTHORITIES. ECOWORLD, THE PARTY TAKING OVER IS WELL ESTABLISHED WITH A GOOD TRACK RECORD AND MANY ONGOING PROJECTS IN PENANG. NO PROBLEM. JUST NEED TO GO THRO THE PROCESS. THE DEPOSIT FOR THE RM50M REVOCATION FEE ALREADY RECD. SHOULD BE SOON

HIGH POSSIBILITY FOR FULL YEAR PROFITS TO BE MORE THAN RM200M (ALREADY REACHED RM98M BY MID YEAR. HENCE BESIDES ITS RETAINED EARNINGS OF RM726M, IT WILL BE IN A POSITION TO PAY A DIVIDEND N ANNOUNCE IT THIS MONTH

PAST FEW DAYS BUYING PATTERN AND VOLUMES INDAICATED MALTON'S SGARE PRICE IS ON THE MOVE UP. A 3 TO 4.3 SEN DIVIDEND POSSIBLY?

A 3 SEN D IS GOOD ENOUGH

MBSB'S RETAINED EARNINGS STOOD AT A GOOD RM726M. IT CAN PAY SUCH DIVIDENDS AGAIN

VALUE INVEST. AGREED. HENCE IT WAS AVERY GOOD MOVE BY MBSB TO INITIATE ITS 2 YEAR IMPAIRMENT PROVISIONING PROGRAMME FOR RM1.7B FROM 4Q 2015 TO 3Q 2017.
IT IS ALSO A POSITIVE INDICATION THAT IT REMAINED PROFITABLE (ALTHO DOWN) AFTER ABSORBING THE PROVISIONINGS.
IN FACT DESPITE CONTUNUING PROVISIONINGS IN ITS 2Q, IT 2Q PROFITS INCREASED BY 80% FROM 35M IN 1Q TO RM63M. POSSIBLE FOR ITS 3Q PROFITS TO REGISTER SUCH IMPROVEMENT.
ALSO IN 22 OCT 2013, IT DECLARED A 5 SEN DIVIDEND. POSSIBLY A 3 SEN DIVIDEND THIS MONTH?

LOTS OF POTENTIAL AND UPSIDE. WILL GIVE DETAILED COMMENTS TOMORROW.

AGREED WITH USApg. THE COMMERCIAL BANKS WILL BE GREATLY HIT BY THEIR BIG LOANS TO AND BONDS BOUGHT FROM OIL & GAS COMPANIES. ONCE THE BONDS DEFAULTS THE LOSSES WILL BE HUGE AND FINAL (CANNOT BE RECOVERED UNLIKE HOUSING LOANS GRANTED BY MBSB WHERE THERE ARE POTENTIAL RECOVERIES AND WRITE BACKS INTO PROFITS)
MALAYSIAN COMMERCIAL BANKS HAD ALREADY REACHED THEIR FULL POTENTIALS WHEREAS MBSB IS GROWING. THE BUSINESS POTENTIAL FOR ISLAMIC BANKING PRODUCTS AND SERVICES IS HUGE OUTREACHING ACROSS THE WORLD. ITS A HUGE AND PROFITABLE MARKET FOR MBSB TO TAP. MBSB IS GROWING IN THE RIGHT DIRECTION

AGREED.
MALTON IS VERY UNDERVALUED AND SAFE . MEANWHILE MAKING GOOD PROFITS AND HIGH DIVIDEND YIELDS

GOLDEN SHARES. SOME COMFORT FOR U.
DIVIDEND ANNOUNCEMENT THIS MONTH
AT 3 SEN YOUR DIVIDEND YIELD WILL BE 4.9% (U WILL GET RM15,000)
IF WE ARE LUCKY TO GET 4.3 SEN(INCLUSIVE SPECIAL D 1.3 SEN) D. YIELD WILL BE 7% (U WILL GET RM21,500)
ALL IN 3 MONTHS TIME. MUCH MORE THAN FROM BANK FD

HOPE TO HAVE BETTER MARKET SENTIMENTS TOMORROW

AT 10 PM TONIGHT THE DOW WAS UP 100 POINTS
EU MARTS WERE SLIGHTLY OFF.
BUT DEUTSCHE BANK SHARE PRICE WAS UP ANOTHER 1% ON TOP OF THE 2% RISE YESTERDAY.

DIVIDEND ANNOUNCEMENT THIS MONTH

AVERAGING TO BUILD UP MY HOLDINGS