@ Icon8888,
Wanna ask:
Do you know when will GOB award the rights issue + free warrants?
Also, at which point will they award those rights issue + free warrants? Like for shareholders registered as of what date?

sorry - what is the meaning of overbought?

aahhh...
patience is a virtue
good things come to those who wait at the sidelines...
continue to wait longer

hopefully, this counter will drop to below RM1.10. Then, can move in to accumulate.

Me too... i appreciate the sharing by Icon8888. Please keep it going...

@ icon8888,
need your advice about portfolio balancing. Currently, i have 2 counters under my belt - Tambun Indah (TI) and Malton. Been waiting patiently on the sidelines to load on GOB.

About TI - its current market price is RM2.04 (today's close). If its fair value (as touted by RHB Research) is RM2.20, there is a potential profit of RM0.16. This is the opportunity cost for selling TI.

I am thinking of selling off TI and waiting to load GOB when the price of GOB drops to below RM1.10. If GOB has risen way above my budgeted entry price of RM1.10, then, maybe i will just recoup the profit from Malton.

All i wanted is to have additional bullets when GOB drops to below RM1.10. For me, i think market sentiment for GOB is hyped up and the price may drop in the future.

Do you think this is a wise choice?

Hi Icon8888, Your article (GOB Part 6 Best of the Best) really makes alot of sense. Cross check against TheEdge report on 21st Apr'14 and the facts tie out. Thanks for the good work.

@ icon8888, just asking, when is the rights issue ? what are the chances that price may scale back after the rights issue?

maybe it will go down further as contra players need to close their position.

yes......minum milo - anda jadi sihat dan kuat....then, it gives late comers like me a chance to accumulate

@ dalpinia...hopefully, you are right.

mmm... this GOB is a different beast compared to Tambun INdah. I remember TI share price does not appreciate so much...it happens in stages...but maybe because TI's volume is not that much to begin with.

@ james70, thanks. I think i have made an ass out of myself. The information is available online:

http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/all/F00018BD8C06EA6448257AA4005D6CB8/$File/Malton.Ann%20on%20JDA%20with%20BKDSB%20.pdf

http://blog.intproperties.com/1113/the-development-of-batu-kawan-and-its-land-price-trends/

Thanks for your patience.

ok - i see.....then, Batu Kawan Development S/B is actually wholly owned by PDC (Penang Development Corporation)? in other words, it is under Penang state government? am i right?

@ Icon8888, if it is not too much of a hassle, please include Malton in your write up. Thanks a million.

@ James70, just wanna confirm with you, The Edge (21st Apr'14) mentions that the JV was entered between Malton and Batu Kawan Development (a company of PDC). But The Edge (21st Apr'14) does not mention anything about Malton and Abad Naluri for the JV. Just wondering ..whether the party to the JV is Batu Kawan Development or Abad Naluri?

@ Icon8888, if it is not too much of a hassle, please include Malton in your write up too...

hopefully, GOB price will drop - then, can start to accumulate

the only drawback about the land at Bandar Cassia is leasehold land. I think buyers will prefer freehold versus leasehold.

@ james70, thank you for your insight. Please evaluate my thinking. I think chances that Abad Naluri will revoke the JV if Malton does not fulfill the JV agreement is quite slim. Abad Naluri is indeed a subsidiary of GOB whereby Datuk Desmond Lim has a stake in it. Is this statement correct?

Just my 2 cents, the way things roll, i think GOB will focus exclusively on the residential portion - to bring the population to Bandar Cassia. Once the population has reached its critical mass, Malton will build the commercial outlets in the JV land.

i thought alot of people say GOB is the next Tambun? alot of people who missed out on Tambun is loading like crazy on GOB. But will NOT chase GOB. The share price is too high - currently over bought.

Hi all; just wanna ask all the sifus for advice. I am late for this GOB show - so, will not be a sore loser and complain. Have the discipline NOT to chase too. But i did load up alot on Malton. Just asking, from The Edge article (21st Apr'14), it is stated that Malton enter into a JV with BatuKawan Bhd. Subsequently, Malton paid an amount of about RM20.0M to BatuKawan Bhd. Hence, can we say that this JV thing has been firmed up? Like this JV cannot be revoked, and will remain perpetually in force? Regardless who is going to be the NEXT Chief Minister (opposition or ruling), this JV agreement will still be in force. Also, the land by GOB - is it freehold or leasehold? Because Malton's land is leasehold.

But the thing that worries me about Malton (for Batu Kawan) is that most of their projects will focus on commercial developments (rather than residential). Do anyone have the mix (%) for the commercial versus residential portion for Malton - Batu Kawan?

Hi all;
May i ask for some advice? Why GOB rise faster than Malton? Cannot understand.

price is now too high - will NOT chase

will enter if price falls back to about RM1.01 to RM1.02

hehehe...actually, i just follow the herd...read what RHB research analyst say - TI fair value is at RM2.20/-

don't know why got this voice in my head saying..."shit...you should have bought it at RM1.00 - then, it is a round number - bulat bulat - looks very nice - why pay more RM0.01"....

became a proud Maltonian at RM1.01. Time to switch off the laptop and sleep until end of this year.

if you are looking for a gain of RM0.20 to RM0.40, maybe you can try Malton. It is trading at about RM1.00. Hence, you can buy more of Malton compared to TI and even if you gain RM0.20 for Malton, the quantum of gains will be more compared to when you buy TI since you buy more at RM1.00 compared to RM2.02.

@ pinpin1314: just my humble opinion, TI is going to fulfill its fair value of RM2.20 - latest by the end of this year. For me, i think the return of 20 cents (RM2.20 - RM2.00 = RM0.20) does not justify the risk of entering at such a high price.

Hi all;
just need to ask for some advice. Actually, i am the "uncle" type of investors (fundamental type and NOT traders) - someone who is going to buy and then hold for long long time - maybe about 2+ years before selling. From my research - it appears Malton is deeply undervalued. TP is expected to be at RM1.80 (trading at about 55% discount to current price of RM1.00). Hence, for "uncle" investors - (not traders), do you think i should be concerned about the day to day market fluctuations? Like this morning - i saw Malton is trading at $0.95. Now, Malton is trading at RM1.00. Hence, do you think i should start loading now at Rm1.00? It is very hard to guess the market. For buyers, i definitely want the price to be low - but then, it is hard to guess when low is the lowest. Like when low is the lowest???

Hi all;
just need to ask for some advice. Actually, i am the "uncle" type of investors (fundamental type and NOT traders) - someone who is going to buy and then hold for long long time - maybe about 2+ years before selling. From my research - it appears Malton is deeply undervalued. TP is expected to be at RM1.80 (trading at about 55% discount to current price of RM1.00). Hence, for "uncle" investors - (not traders), do you think i should be concerned about the day to day market fluctuations? Like this morning - i saw Malton is trading at $0.95. Now, Malton is trading at RM1.00. Hence, do you think i should start loading now at Rm1.00? It is very hard to guess the market. For buyers, i definitely want the price to be low - but then, it is hard to guess when low is the lowest.

by the way, Malton just hit Rm1.00
For the investors who buy low and then, switch off their laptop and keep the shares forever (maybe say 2 years), do you think they should be worried about the day to day market fluctuations? Like wait for it to drop to RM0.95 and then start loading?

Hi gnat,
Concur with your portfolio spread. Now, i am looking to move into Malton as well as it is deeply undervalued with very strategic landbanks at Penggerang (major oil and gas hub), Batu Kawan and Damansara.

About GOB, If not mistaken, this company has absconded in one of their housing projects before. If they can do it to their customers, I don't think they will care that much about their shareholders interest. Especially us who are the very very very minor punya minority interest.

mmm...come on - another 5 cents to RM0.90/- then, can start buying liaw

Just asking, why the directors are disposing such as significant numbers of shares? also, what is the impact on the share price? (besides price coming down due to over supply)

mmm... maybe RM0.90 is possible...

the bomb disposal squad is too strong liaw

mini explosive defuse liaw........

ohh - which development is that???

this counter is good to buy and hold.

just asking, if people sell - hence, supply more than demand - why price no drop?

Malton is powerful - but not moving?

think about investing in Malton Bhd for the long term; given that they have 3 strategic landbanks - at
(1): Penggerang Johore where Petronas has approved a mega oil and gas hub,
(2): Pusat Bandar Damansara (a joint venture with Ho Hup), and
(3): Batu Kawan - heard it is located right next to IKEA.

Hi Azlan88, what do you think of Malton?

yes - please come down so that buyers can start loading

Hi Azlan88, what do you think of Malton?

ohhh - hehehe - waiting for it to drop to RM 0.90/- Please don't kill me....But what are the chances mate?

By the way, if you have not bought into TI yet, maybe there is another counter for your consideration - Malton Bhd. The counter is deeply undervalued - whereby current trading price is hovering at about RM1.00.

Just my humble opinion. The level of property transactions/ sales depends on which market segment. The segment for upper affluent class will be slow this year as this is attributable to the government cooling measures. But then, the market targeted by TI is mainly the middle class market whereby there is a genuine lack of supply to meet demand. The 2nd link will allow middle class Penangite an opportunity to own a landed property at about RM400K to RM500K - something which is not achievable in Penang Island - and to work in Penang Island. Hence, all this will act in favour of TI. Don't forget - for 2014, TI will commence building the international school and a shopping mall at Pearl City. Both will act as a catalyst to spur additional demand for properties in Pearl City. Also, management is confident that residential project being launched this year will be snapped up.

About the TP of RM2.00, give TI some time to cement the price of RM2.00 and above. There is still 9 more months for TI to accomplish this. At the meantime, just enjoy the dividend. :-)