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I am not a property guy I am an analyst . I cover multiple sectors

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You don’t even have to talk about a highly competitive market like Vegas they bought over zouk in sg 8 years ago and they don’t even know how to manage it . It spiralled down from the most prestigious club in sg to a club many Singaporeans want to avoid other clubs in sg have taken away their customers and they are far from being the most sought after

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The Jesselton land has no access and it is also the subject of a litigation process. Court proceedings can take years and they cant sell the land until the litigation process is completed. Please read the announcement carefully

haha another pathetic quarter strip out the one off gain from subsi disposal and normalized profit is a mere 300k

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What good news ? They would have made a loss without the sale of their stake in aspen gross profit was negative and operations made a loss this profit is one off and analysts dont count . Only louzy amd desperate com keep selling assests

Genting may be called upon to bail out IMDB. They sold their power plants to them and may be asked to buy them back at inflated prices. They will have no choice but to comply since their license is renewed monthly

What has construction work got to do with good sales ? It is a norm for developers if there is no work going on at site then it is a red flag

It was disposed for RM8 . Please read the annoucement carefully.

Its just another failed goreng project and another hole in the boss pocket

con ppl. Apparently Contractors are suing them for late payments.

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From Starbiz
KUALA LUMPUR: China Automobile Parts Holdings Ltd plans to venture into the recycling of end of tyres and other process rubber products via a joint venture with Sri Elastomers Sdn. Bhd.

It signed an MoU with Sri Elastomers, which is based in Sungai Buloh, Selangor, on Wednesday.

“Sri Elastomers has the technical expertise and technology on the recycling of end of life tires and other processed rubber products,” it said, adding the Malaysian partner has the de-vulcanisation technology and processes to make new rubber compound.

China Automobile said the new rubber compound would be used to manufacture new rubber products.

“The objective of the MoU is to record the intention to form an alliance with Sri Elastomers to jointly venture to commercialise the technology in the city of Xiamen, Fujian Province, China,” it said.

It plans to set up a plant to recycle “end of life” tires and other processed rubber products to produce the compound to be used in making new rubber products.

What about someone who cannot read at all Mr leprosy? The share sale was all too plain for everyone to see and you are still denying it . What were you taught in school? You are neither read or click on a simple link. The 100mil was already proven. You are really mentally ill by disputing that again. Who can trust your stock pick? you cannot even read uselsss bugger

this share sale involves 9.9% of share cap. It is a material story not small story . Do you know what material information is? At least we all know that Mr leprosy is only good that making a mockery of himself by questioning black and white corporate exercise which are widely publicized and annouced. He does not even understand what share capital is. he is good for nothing when it comes to equities

Icon 00 who is the one with zero EQ? Anyone with even an EQ score one wouldnt be a busy body and intervene in something that has nothing to do with u

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http://www.theedgeproperty.com/news-a-views/12636-sime-darby-sells-eao-shares-back-to-tham-.html

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U r the moron couldn't u do even basic reading

http://www.theedgeproperty.com/news-a-views

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You have lost in Ivory as the stock has tanked. Looks like you are going to suffer the same fate in this counter as well if u continue to buy

You are the biggest failure in promoting and subsequently losing big money in Ivory. I was correct all the way about Ivory. I started questioning it when the share price was at 80 sen and now it is at an almost all time low of 40 sen. How much did you lose in Ivory?

Buy E&O HB the put warrant you will make a fortune. This company is being managed by fatty Tham who squanders shareholders money by indulging in London most of the time. Share price should plunge to below Rm1.50 when this artificially inflated KLCI bursts. One issue that shareholders must not overlook is that E&O does not have a positive working relationship with the penang state government who squeezes them left right and center all the time.

Happy what? awful results indeed. PAT is only half of small to mid caps like Tambun. Fair value is RM 0.80 at most based on latest results using a forward p/E of 15

Absolutely pathetic results. They would have made a loss if they did not recognize a profit in a JV company which does not translate into cash as no dividends were received by Ivory from the JV. Hock dog is barking down the wrong tree by venturing into Johor. How do you compete against mega chinese developors five times bigger than SP setia when you have failed so miserably in Penang.

Sime sold the 3M back to TT because they have genuine concerns about his ability to manage the company due to huge amount of time he spends in London. His misadventure into London will prove more costly than ever. The europe economy has not bottomed out and the contagion from the Greek Exit will cause more chaos than ever. UK is a matured economy with minimal GDP growth anyway. GDP has not grown above 2 percent since the Lehmann collapse anyway

Fongkeikei They may enjoy a marginally lower reclamation costs due to plunging oil prices. The oil price plunge has created a deflationary environment in which price of everything goes down. The cost saving is was less than and will never compensate for the expected plunge in high end property prices which will be exacerbated by the deflationary environment. Many Business including developers do fail during recession even though costs of raw materials go down. It is not uncommon for high end property price to go down by 50 percent during a recession if you look at singapore and hong kong. A marginal cost saving of 10 to 20 percent (yes steel price has also gone down) can never compensate for the even higher drop in property prices and sales. I am surprised that Ms Kok Wen from RHB cannot even work that out.

Joel is spot on. How are you going to sell condos in that price range? Banks have been quite strict with loan approvals for that category and some even questioning the valuations. They should have offered a more diverse price range like IOI which will survive the crisis unscathed because of that. Fatty Tham ego will not prevent him from lowering the so called prestige of his products but the Z score already indicates that he shall pursue his ego at his own peril. Their new sales of 250mil in the last 6 months is very poor for a high end developer.

if they are looking at acquiring a company, it will make the z score even lower as it will be taking on even more debt. Their gearing is already alarmingly high after the London foray as well as the reclamation costs. They are also expected to built a strectch of the new ring road for the penang state gov as well free of charge

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By the way. Sime sold 10 percent back to Terry because they have doubts about his commitment to the company. Thats what my friend in Sime corporate strategy told me. You are correct. He spends most of his time in London and jet set back and forth in Singapore Airlines A380 first class suite. The shareholders have been feeding him well considering his plump physique

Well Hammersmith is still a distance away from Central London if you have been there before. The office demand in London is weak as most of the major investment banks have announced major job cuts. In fact, a few new office buildings near Bank station have stopped work or postponed. They have certainly overpaid for this acquisition.

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It is still much better than penang Times Square it is an air conditioned pasar Malam where u can play futsal inside the atrium all day long without disrupting anyone there are Prob more shopkeepers than shoppers inside the mall

Times Square reputation is already bad enough and richer shoppers will never go there. The mall thrives as a gangster haven with two huge night clubs . The mini korean town will never attract the correct demographics. Ivory is now a minority shareholder in Penang World city which means that the land title may not be even in their name. You can quote whatever GDV you want and please remember that they are many developers that failed to sell even half their units. You cannot simply assume that all developers can sell all units at the price they want. Property market is slowing down and even reputable ones like Mah Sing and Ecoworld have to raise additional capital. Ivory will have to as well but it will face significant headwinds in doing that