By the way, I have checked the bloomberg terminal. This company has minimal institutional shareholding. EPF has diposed everything and Public mutual is left with maybe 100 over lots.

These recomendations are valid for half a year at best anyway. There has been no coverage for this company for over a year now here or in the bloomberg terminal. In other words, it has fallen out of the radar.

Fully agree kchongnz, it may even have a market cap of 10 bil and eclipse the market cap of SP setia since their Bayan Mutiara will generate 10 bil of sales anway a 5000% upside from here

hustle who are these top gurus? It could be you plus a few duplicated account of yours. Do they have CFAs or even a degree in finance. Which university did they graduate from(some college located on a prewar house in Petaling Street maybe ). Your English is pathetic by the way and you are far from qualified to give any appraisal. The smartest anaylsts from top business schools (ranked in the top 50 in financial times at least) are more inclined to recommend that you short the shares of this company and Bursa Malaysia investigates Ivory Properties Bhd for accounting fraud

daniel. you should never buy shares based on rumours or recomendation by so and so. It is the easiest way to make yourself broke. Like kchongz said, you are the one ultimately responsible for your decision not rich or someone else. Ive been asked to recommend stocks many times but I am quite reluctant to (although I am technically qualified to do it). I cannot tell anyone explicitly which direction a stock will go. Bursa Malaysia is notorious for its inefficiency and it is not uncommon for dodgy stocks to rally for longer than usual

I am no accountant myself . I am a finance graduate. I am as baffled as you . I do know that revaluation from investment properties can be recognized as accounting profit but I am not sure about acquisitions of your own subsidiary though . Regardless whether its legal or not a company needs hard cash from its operations . one off revaluation , write backs etc cannot be sustained .

Aminvest is managed by a bunch of clowns anyway . They did their listing . Aminvestment recently wrote off saag loans

Of course they would have made a loss if not for the one off bargain purchase gain for the whole year. Analysts don't count one off gains like that . as far as analysts are concerned it is a loss making company . I have worked in such positions before for investment banks

Cut it while you can . They would have been investigated if they are listed in Hong Kong or Singapore . Kchongz is right . Cash flow has never been positive . There is more that meets the eye.Ive never seen Companies that owe more than market cap made profit for so many quarters. Their latest quarterly is the red though. all pyramid schemes do unravel eventually anyway. They are also other undervalued developers that have delivered tangble results and not just talk and talk . Why do they think that they are so speacial ?

Well their P&L is finally in the red, congragulations.Running out of investment properties to revalue? bernad madoff's accountant may be able to offer some creative accounting to boost your P&L. Can I suggest some fictitious deep in the money call options ? Revaluation gains looked impressive on paper hey but you cant fool all the people all the time. Thier outstanding loan has exceeded market cap by more than 50%. Even net gearing (loan-cash) exceeded market cap as well. Its not even worth 10 cent in my honest opinion. The company is partially insolvent. It owes more money than it is worth. What is basically means that creditors will get a lot less than what they are owed in the event of liquidation.

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TP2.40 by none other than AmInvestment which did their IPO. There is definently a conflict of interest here. Their reputation is at stake here.

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Brave words when no planning permission has been given for the bayan mutiara project. The BN govt must thank them as PDC has not done any due diligence before selling the land to them . Payment for the land is far from settled and no wonder why they are desperate for joint venture partners . I won't name who has been approached . by the way , the nanyang article has nothing to do with q2 results , it's merely what the boss says . A quarterly revenue of 30 mil does not tally with the sales figures above

Q2 profit came from revaluation of properties. Profit from operations is almost zero. It is a "one off" item that analysts have to exclude because it is a one off item. The latest profit is not even 1/3 of its rivals in Penang such as Hunza and Tambun indah. I do not deny that Ivory is profitable bit it has to make a lot more than q3 excluding revaluation to convince analysts that its share is even worth 1 ringgit which is just the IPO price

The TP was by an Aminvest analyst who would have been fired by now unless their management is really substandard. I've read the initial IPO write up and I already know that it was a load of crap.they were the underwriter of course but the way they exagaratted the growth rate was way too obvious. One anaylst that graduated from London business school agreed with me . I have a postgraduate degree in finance not from a Malaysian college but from quite a renowned business school. I know analysts that got fired in Hong Kong for far less than that. Using the most mundane calculations, the company has to be making more than 150 mil a year to justify 2.40. Their latest quarterly profit is 6 mil and the 1st quarter profit (although high on the surface ) was one off . In fact , they didn't make any money from operations.

Get rid of it. The company is partially insolvent . It owes more than what it is worth. Loans of 250mil vs market cap of 210 mil and falling. The boss for sure will try to keep it around 50 sen to avoid margin call and he can't do it forever

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