kinuxian | Joined since 2013-06-29

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2 months ago | Report Abuse

That's why I sold right after the ex (not comfortable after seeing PP price announcement). Big boy take advantages over PP again & gearing hit ~ 44.84% after the CelcomDigi building purchase, which I considered high especially at "higher for longer" period.


2023-11-21 17:08 | Report Abuse

Shang Q3 result maybe a good precursor for hospitality industry. Price action move ahead of QR.


2023-11-14 12:29 | Report Abuse

Wisma Technip - NLA about 11% of Sentral portfolio, and located next to TRX, maybe hv some spillover effect in coming years; Wisma Technip vacancy had been priced-in anyway; any lease or sales, that's will be a bonus.


2023-11-09 15:17 | Report Abuse

Buyback some since HSBC Quill building rented out. Occupancy rate 77 -> 86, higher payout in coming quarter. Furthermore, insiders pushed to 0.865 back in mid Aug.


2023-09-28 12:52 | Report Abuse

It's indirect share under Liew Tian Xiong nominees acct. Free shares given by papa. The question is why not get it done via an off market transaction?


2023-09-26 10:39 | Report Abuse

If that really the case, just do a off market transaction or share transfer to get the thing done, not thru open market.


2023-09-25 22:20 | Report Abuse

Over the time, only left few long timer here like risk8888 and warchest.. many are come n go.


2023-09-25 22:14 | Report Abuse

So many shout for the buy call now, but it was so quiet when it touched 20+ late 2022. Almost same fundamental and EWI already laud for div payout back then.


2023-09-21 10:58 | Report Abuse

Risk88, you breakdown a bit over optimistic, 800m worth of stock can't translate to 800m profit directly; got to factor in real estate agency commission, marketing and other operating cost etc.


2023-09-21 10:50 | Report Abuse

At 25-30 , risk reward might worth, but at 38 (or 71 pre-div), potential upside is everyone guess. Dont forget 800m stock wont direct translate 800m profit/dividend.

Beside, once the traders hot money gone, it will back to mean once trnx volumn receed. Look at past few up cycle and how operators run their game, how many greenhorn get trapped. No of comment in i3 is good indicator too.


2023-09-15 17:24 | Report Abuse

Nothing strange, today is witching day, most likely Vanguard group switch out, as they were hold 70m units as of 31 Aug, BlackRock come as 2nd with 33m holding according to MorningStar.


2023-09-15 12:10 | Report Abuse

Today is witching day, seems like index fund manager is exiting Sunreit, will fund manager with mandate in MY Reit move their $$ to YTLReit as better yield ahead vs Sunreit; or exit Malaysia REIT. 🙈


2023-08-25 11:23 | Report Abuse

Quite clear, "based on the article from leak source lately", IJM actions are telling aerotrain portfolio fr Pestech are among most important to them, took action even before secured ownership in Pestech officially on paper. However, based on news flow and timeline, their visit at first week of Aug, but MAHB still proceed with termination on 3rd week of Aug after their proposal. and Pestech response with potential legal response at worse after the termination announcement. And news flow followed by MAHB are invite participants for the tender early this week (4th week of Aug). So this "source" are publicized "proposal" as public pressure to MAHB as final attempt?


2023-08-17 20:37 | Report Abuse

@Lobaking Stock syndicate and short term & day traders in action, including some newbies retailers and risk-taker a.k.a gamblers. Nothing unusual.


2023-08-17 18:38 | Report Abuse

Simple comparison, Sunreit with 4.62 cents div half yearly, many willing to buy @ RM1.5, while YTLReit sold at 2/3 of price with 4.38 cents div half yearly. Not to mention highest payback from rental variation on FY24. More room to go while collecting good dividend.


2023-08-17 14:58 | Report Abuse

IJM offer still in paper work, nothing is nailed. Question now what are IJM next move? Revise lower or retract it, as what stated in proposals, few key assumption, rationale & benefit no longer stand.

i- In rail systems, PESTECH Group has a proven track record and an experienced engineering team
with the requisite technical expertise
ii - It is envisaged that PESTECH Group’s outstanding order book of RM1.56 billion as of 31 March 2023, as well as future projects, will contribute positively to IJM Group.
iii- The entry of IJM as a strategic investor in PESTECH Group, pursuant to the Proposed Subscription will enable them to pursue tenders for future infrastructure projects in Malaysia, such as the KVDT 2 System, Mass Rapid Transit Line 3 (MRT 3) and the Penang LRT System as well as the Southeast Asia (“SEA”) region.

Many of these are gone and Pestech execution ability are tainted, not once (termination on Gemas-JB EDTP with YTL) but twice in a row (aerotrain with MAHB). With such bad track records, IJM will hv bad start in tendering if still go with Pestech.

IJM most likely review the offer currently, as Pestech obviously become a liability to them for upcoming rail projects bidding.


2023-08-07 17:32 | Report Abuse

With 68% under master lease, 32% under management contract (Aus prop), latest report already shown Aus ADR exceed pre-covid while occupancy hits 70+%, inching closer to 80+% during pre-covid. Its just matter of time both rev & profit from Aus segment exceed pre-covid.

While 13% under master lease are due to renewal by Dec 23, any increment of rental revision are bonus as I doubt anyone priced in that for time-being.


2023-08-04 19:10 | Report Abuse

Make >60% return hold from 2013 - 2018 for 5y period which hardly look at it; Revisit again in 2020-2021 for recovery play, somehow pretty bumpy and sold all ard Q421 before Pavilion BJ (which draw away nearby visitors) opening for meagre profit. Double down on YTLReit instead as its pure hospitality play with better upside & prospect.

Sunway is diversified, but too bad, let go Sunway medical buildings in 2022. Both office & retail still sail against headwind due to retail space oversupply & office glut; while industrial segment is relative small. Unless their Transend 2027 roadmap archiving a substantial scale, otherwise, its pretty challenging and little cost benefit expanding to oversea. As usual, it take time to build up the team and scale, can't comment much but worth to monitor. On this front, I do believed SG Reit players which backed by sponsors like CapitalLand, Kepple, Mapletree etc had way better scale, matured and exposure in international stage. Further more, their REIT come with no withholding tax. In short, Sunreit can't score much from this aspect as better options are available.

Now looking back, swapping to YTLReit had almost double my return thus far if compared to stick with Sunreit, and potentially with more upside on capital gain & higher div in coming years due to rental variation & normalized return from Australia market. The odds it hover back 2017/2018 price range is much higher vs Sunreit when rate hike easing.


2023-08-01 10:00 | Report Abuse

@windy1974 I'm slight optimistic, FY24 might hit 9-10 cents due to rental variation. Anyway, with rate hike near end of cycle, this underrated REIT shall demand better valuation.


2023-07-31 20:50 | Report Abuse

FY24 (Jul23 - Jun24) will be much better. Shareholder will receive additional 45m from rental variation, (ard 2 cents dividend / unit.)


2023-05-12 09:28 | Report Abuse

They are pretty lucky, pound surge nearly +10% from Feb 23 low when the settlement of 450 million debt in MYR due May.


2023-04-20 09:17 | Report Abuse

Welcome those privileged folks who got @ 1.2 with the intent for quick gain.


2023-02-24 17:57 | Report Abuse

MRT 3 project will be revised again. Target cost trim down from 50b to 45b.


2022-10-27 17:15 | Report Abuse

Secured another RM1.28b project from Taiwan.


2022-09-08 11:42 | Report Abuse

There're always reasons why a firm with financial stat looks decent, but selling cheap. It's pretty hard for fund manager or operators bet on SOP in near term due to:
1: Tens of million shares from ESOS sold from 3 and above. Any yet, there're tens of millions ESOS can be exercised anytime. Doubt any fund manager or operators will create another exit windows for them (retailer bought at higher range & ESOS).
2: FFB production is on downtrending, eg: MIB est -5% on y2y basis
3. Very stingy dividend payout. The willingness to share profits with shareholder doesnt happened when they strike very good profits in 1H, what're the chances in coming quarters? Thus, put off long terms & dividend play holders. Management credibility is count to attract this grp of investor too.
3. CPO hype just over on 1H, it take times to complete its commodity stock cycle. FCPO price is on downtrending, the near term best outcome is reaching its stabilization. Dont bet too much on gap between CPO and SBO, as SBO can plunge while CPO maintains flat.

See price action from 2014 peak to 2019 bottom, that's tell commodity stock cycle.


2022-08-30 17:54 | Report Abuse

Gov shall hv sufficient money to subsidize ICPT. Risk to delay payment is lower.


2022-07-11 11:41 | Report Abuse

Without accessing to detail on contracts, we really can't comment much whether there is cost plus pricing.

Anyway, many raw material like iron ore, copper are declining fast. Steel plunged more than 45% from peak and touching Nov 2020 price range.


2022-07-06 11:43 | Report Abuse

With multiple headwind ahead such higher cost on labour, costlier fertilizer (bought on 1H22), higher CPO stock and production rising on Q3, its pretty gloomy fcpo future.

fcpo broke 3.8k, rhb analyst that reverse her stand early this year rise TP sharply to 7.25 need to apology again?


2022-07-02 10:56 | Report Abuse

Doubt so, quick scan on AH, Rhb IB, uobkh latest report, non of them mentioned about Air Selangor bid. Stand to be corrected.


2022-07-01 17:39 | Report Abuse

bagging another new project - Sg. Rasau Water Supply Scheme worth 1.98 bil.


2022-06-28 16:23 | Report Abuse

There might be a technical bounce by riding on coming good QR / potential better dividend. But in mid term, those bought at high 5.x to 6.x are stuck if fcpo floating around 4k+.


2022-06-28 15:51 | Report Abuse

Question to ask is why directors are selling if good prospect and dividend ahead, what're the odds these directors with access to first hand information act illogically? They had been dump more than 10+ mil prior Jun, and added 11+ mil new ESOS lately, which likely hvnt digested by market (if they still selling).

Mill operators are expecting cheaper ffb too according to theedge news and sentiment is dampen by Indonesia move lately.

Btw, bonus issue just split the same cake into smaller size, the only advantage is provide better liquidity.


2022-06-20 11:47 | Report Abuse

RHB analyst might be sweating again on the wrong reading. Some points to consider:

- Market is flushed with extra 10mil+ from ESOS.
- When fcpo traded at 5.2k range at late Jan 2022, SOP still in sleeping mode and traded 3.5 range
- fcpo was in uptrend back in January, but now is gap down and bearish under 200MA.
- sbo and soybean future all both in downward trend / gap down.

Many eyes on Indonesia policy direction and latest move on accelerate export distribution, known as “flush out“.


2022-06-16 16:10 | Report Abuse

fcpo on downward trend after double top. CPO price might soften further due supply increased (Q3 is peak production period normally, Indonesia increased export permit from 100mil to 225mil tonnes etc). Newly appointed trade minister might be more export friendly after export uproar. Besides, SBO future is soften as well. Watch out EU biofuel mandate too, if they loosening the mandate to counter their energy crisis, it might affect negatively edible oil market.


2022-06-15 17:55 | Report Abuse

Ffb is not improving actually compared to Q1. As whole, still on downward y2y due to labour shortage.
Jan to Mar: 293,667 (2020) > 293,781 (2021) > 253,543 (2022 : -14% y2y)
Apr: 107,627 (2020) > 104,553 (2021) > 87,447 (2022: -16% y2y)
May: 113,066 (2020) > 105,111 (2021)> 91,698 (2022 -13% y2y )


2022-06-14 11:35 | Report Abuse

For record, after months, bought another batch of Harta using profits from plantation stock. Lets see how it goes as it may get worse after pretty sharp correction. Minor plus point is rising USD may neutralize abit the headwind. Filled 1/2 of desired position.

Posted by jolynce > 2022-02-10 15:15 | Report Abuse
@kinuxian likewise with regards to utilities, banking, plantation.. managed to take profit, no losses here but generally not happy with the meagre returns from these sectors LOL! Good luck!


Posted by kinuxian > 2022-02-10 15:09 | Report Abuse

I'm on the opposite, vested in recovery play like utilities, banking, plantation etc. Slowly taking partial profit off from these sectors and park into Harta (earn some pocket money in net with trades). Still long way to go as it merely 1/5 of my desired position.


2022-06-01 08:38 | Report Abuse

Company announcement at 29/Apr -
"Outstanding ESOS Options" : 29,850,500 outstanding ESOS options pursuant to the ESOS as at the LPD

one can do the math; I guess ESOS can last for months, since first 5 months of 2022 merely touch 10mil esos.


2022-04-08 18:01 | Report Abuse

Then, in 2H, followed by bidding result of Australia Coffs Harbour Bypass, and potential some Taiwan bid. Any success bid shall warrant a rerating. Beside, updates from Penang reclamation project shall be known too after EIA submission.


2022-03-29 19:08 | Report Abuse

some red flag.. CEO keep disposing.


2022-03-15 11:34 | Report Abuse

@John Traders are around and those entered at top will be concerning unlike old timer here which had their position at 3-4.
Hot money, and it used to be a low liquidity stock, these will cause higher beta ahead.


2022-03-01 11:38 | Report Abuse

Gamuda has set a MYR3.5b pre-sales target for FY22. Recent 2 awards had exceeded the target. I think most retail folks are concerning about high material cost. Similar to plantation stocks where everyone overly concerns about ESG and labour shortage back then. Sometime we may over pessimistic and overlook stock price was beaten down too much. Perhaps collects slowly on low tide maybe a good option.


2022-02-25 17:07 | Report Abuse

Sold all, let others earn the top dollars. Hv a good weekend.


2022-02-25 14:54 | Report Abuse

Cash call via RI, not all institute or retail had sufficient liquidity or go for full subscription.


2022-02-20 14:18 | Report Abuse

@enning22 CPO price hike is more than enough to compensate output volume.

Do compared 2022 vs 2021. FY21 about 10% output fall y2y, but NP surged 50%. Seems like they're direct some of their labour to havesting from replanting, that maybe the reason we seeing softer output impact compared to their labour shortage.


2022-02-18 15:31 | Report Abuse

@joerakmo Expected. Looks for RHB latest plantation report to find out forward sales positions. For time-being, those without forward sales upstream players will benefited most with high CPO.