The issued price (also known as Norminal or Par Value) of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price will be reduced to 20 sen but the issued price (also known as Norminal or Par Value) of ICUL remains the same at 13 sen. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/3635957

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5383217

The issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price will be reduced to 20 sen but the issued price of ICUL remains at 13 sen due to the impending rights issue of the mother share. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.

Therefore, the upside will be good when the mother share starts to rally in the second half of 2017.

http://cdn1.i3investor.com/my/files/dfgs88n/2017/03/15/1485849795-1918106828.pdf

It's worthwhile to look at the existing loan stock ICUL as its conversion price will be reduced to 20 sen arising from the impending rights issue. In other words, one has to pay 7 sen only plus one ICUL to exchange for one ordinary mother share after the ex-date for the rights issue. This may be a good opportunity to ride on the next rally of this counter.

Moreover, there is growing optimism that the property sector index is likely to outperform the KLSE Composite Index in the next 12 months among the analysts as per the latest The Edge Magazine.

http://klse.i3investor.com/files/my/blog/img/bl3281_surprise_1.jpg
http://klse.i3investor.com/servlets/ptres/39718.jsp

http://m.themalaymailonline.com/money/article/malaysian-small-caps-getting-too-hot-to-handle-for-top-manager

http://www.thestar.com.my/business/business-news/2017/03/14/cyclical-sectors-to-outperform-market/

It's matter of time. This counter will fly when the sentiments improve for property sector.

https://m.youtube.com/results?q=jack%20ma%20poor%20people%20fail%20because&sm=1

If Malton can have climbed so much over the last two months, so can GOB !

https://drive.google.com/file/d/0ByHNLb_6lYSSQ3VhbWFMNnUxbEE/view

http://klse.i3investor.com/servlets/stk/chart/5038.jsp

Give it some time say 1 to 2 months, 1.90 is on the way...to teach a FI and research house a lesson....

if Malton can have climbed so much over the last two months, so can GOB !

https://drive.google.com/file/d/0ByHNLb_6lYSSQ3VhbWFMNnUxbEE/view

http://www.theedgemarkets.com/my/article/land-general-declares-two-sen-special-dividend

Cash in hand RM 471 mil but market capitalization is only RM 359 mil @ 32 sen per share.

http://www.theedgemarkets.com/my/article/another-rpt-lg-it-good-deal

EPS = 31 sen.

At the current share price, KSL is trading at 0.54 times its book value.

http://klse.i3investor.com/blogs/the_edge_stock_with_momentum/117492.jsp

Major resistance level has been broken!

EPS = 26.77 for FY2016

Has KSL broken its major price resistance level?

http://cdn1.i3investor.com/my/files/dfgs88n/2017/03/01/1485844067--653604855.pdf

This counter is on the uptrend again....pleasant surprise...should be on the way......

http://klse.i3investor.com/blogs/hleresearch/117102.jsp

Waiting to see its record share price

Maintain BUY, TP: RM2.66
 We like Kimlun as a prudently run construction outfit with
commendable results delivery and a growing avenue of job
sources after successfully diversifying away from Iskandar.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=954663

http://klse.i3investor.com/servlets/stk/fin/5401.jsp?type=annualUnaudited

Consistently making profits in the last 10 years despite challenging market..., better than many other companies & other sectors......

http://www.malaysiastock.biz/Company-Announcement.aspx?id=954597

Solid result with higher dividend!

http://www.malaysiastock.biz/Company-Announcement.aspx?id=954598

9 months EPS = 3.3 sen, NTA = 64 sen, Cash in hand = RM 471mil, Bank borrowing = RM78 mil

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=195114&name=EA_FR_ATTACHMENTS

Solid balance sheet with minimal borrowings. Its earning was still very impressive compared with that of other bigger property companies, even after netting off the fair value gain.


http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=195115&name=EA_FR_ATTACHMENTS

More upside potential for oil price recovery based on 30 years chart???

http://www.macrotrends.net/1369/crude-oil-price-history-chart

http://newlaunch.iproperty.com.my/platinum/Broadleaf-Hometree/5358#WVYDF7lidQ4cLLO0.97

REVIEW OF PERFORMANCE (extract from its quarterly announcement)

For the current quarter, the Group recorded a revenue of RM82.8 million, and profit before tax of
RM11.8 million, compared to a revenue of RM21.7 million and a loss before tax of RM20.9 million
for the preceding year corresponding quarter. The better performance over the preceding year
corresponding quarter’s was mainly attributable to contributions from sale of land as well as higher construction progress achieved across all our development projects in Seri Kembangan.
The Group recorded revenue and profit before tax of RM82.8 million and RM11.8 million
respectively as compared to RM58.3 million and RM4.6 million respectively in the immediate
preceding quarter. The increase in revenue was mainly contributed by revenue from sale of land
and higher progressive recognition from residential development projects in Seri Kembangan. The improved profit before tax was mainly attributable to higher profit contribution from our development projects in Seri Kembangan and also a gain from sale of land.

COMMENTARY ON PROSPECTS

Bank Negara Malaysia reported that Malaysian economy grew 4.5% in the fourth quarter of 2016, compared with 4.3% in third quarter of 2016, underpinned by continued expansion in private sector expenditure. For the whole of 2016, GDP grew at a slower pace of 4.2% compared to 5% in 2015.

In view of prevailing weak sentiment in property demand and cautious consumer spending, the
Group will continue to launch new projects and also manage current business operations prudently

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194681&name=EA_FR_ATTACHMENTS

Q3 PBT= RM 11.8M; PAT = RM3.3M NTA = RM1.0

Prospects
The on-going construction works will contribute positively to the performance of the Group for the
financial year ending 31 March 2017. The property market is expected to improve for the remaining financial year ending 31 March 2017. It is expected that there will be stable revenue and profit derived from water supply and services sector. For the property investment and investment holding sector, the rental receivable in Kepong Brem Mall is expected to continue contribute positively to the results of the Group

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194593&name=EA_FR_ATTACHMENTS

http://klse.i3investor.com/blogs/the_edge_stock_with_momentum/116024.jsp

Maybe the major shareholder sees great hidden value in the company and that's why it's prepared to pump in more money and assets into the company. Otherwise it could have just sold its assets to the company by draining the existing cash pile plus bank borrowing without the proposed rights issue.

When is the estimated ex-date for its rights issue?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5335873

New shareholders => new management team coming on board => new growth & new height ??

http://www.theedgemarkets.com/my/article/chinese-firms-keen-scomi%E2%80%99s-rail-operation

http://www.theedgemarkets.com/my/article/chinese-firms-keen-scomi%E2%80%99s-rail-operation

http://bonescythe.blogspot.my/2017/02/only-read-this-if-you-had-not-huat.html

Great work!
Thank you Bonescythe !

Climbing above the SMA 200..... coupled with decent Q2 result to be announced soon ??

Technically it is trending up @ 1.12 ??

This counter has been consolidating @ RM1 for a long while....... just have to wait for a strong recommendations from some analysts to give it a real push......

Crossing above the SMA 200 at 23.5sen ???

http://klse.i3investor.com/blogs/Stockoftheday/113031.jsp

IJM's cost is at 36 sen.....

NTA: 99 sen

http://klse.i3investor.com/blogs/amresearch/115453.jsp

This counter will surely fly immediately if Icon8888 SIFU writes a report on it detailing its upside potentials.

The closing price has finally climbed above its SMA 200 !!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5333121

3 weeks may double the price :-)

It has just crossed the SMA 200 strongly.....hopefully more upside in the next 3 weeks....

It might have lost much more money if it had not sold the mall earlier. The mall isn't doing well, is it?

trading above its SMA 200 ?