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 ?

http://www.theedgemarkets.com/my/article/oil-pushes-higher-us-treasury-flags-sanctions-iran?type=Corporate

http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe=10y

Can oil price recovery repeat its history seen in 2009? No need too much recovery.... US$65 to 70 per barrel would be nice enough.....

http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe=3m

http://klse.i3investor.com/blogs/coldeyedsharing/17820.jsp

In essence, this company is ultimately majority owned by IJM. Just buy and keep......

http://cdn1.i3investor.com/my/files/dfgs88n/2017/01/27/1485760453-376912659.pdf

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=77128&name=EA_GA_ATTACHMENTS

The Proposed Disposal will give rise to a net gain of RM47.78 million or 1.13
sen per ordinary share. The net assets of TTB will also increase by 0.10 sen to
10.61 sen per ordinary share and gearing ratio will improve from 0.45 to 0.38
(Based on the Audited Financial Statement as at 31 January 2016).

http://www.theedgeproperty.com.my/content/1050035/90-liberty-arc%E2%80%99s-block-b-and-c-soho-units-taken
http://www.theedgeproperty.com.my/content/1049735/waterside-residence-light-penang-sees-good-take
Property market started seeing light at the end of the tunnel??

http://www.theedgeproperty.com.my/content/814804/cash-hand-ultimate-buffer

http://www.theedgeproperty.com.my/my/content/877214/lg-launch-properties-worth-over-rm16-bil-next-six-months

http://klse.i3investor.com/blogs/kianweiaritcles/104022.jsp

Getting more interesting for the next 12 months if the oil price can remain above US$50...the share of profit can be .....

http://www.thestar.com.my/business/business-news/2017/01/14/scomi-energy-set-for-ophir-boost/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5311281

Another new shareholder?

Up 15% today.....Something is brewing?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5305341

Who is the new shareholder??

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5303433

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=76310&name=EA_GA_ATTACHMENTS

http://www.theedgeproperty.com.my/content/1008637/eaton-residences-defy-market-forces
http://www.theedgeproperty.com.my/content/1011687/hana-gardens-jade-hills-85-sold-over-weekend
http://www.theedgeproperty.com.my/content/1013076/phase-1-gamuda-land%E2%80%99s-kundang-estates-fully-sold

Early signs of property market recovery??

http://klse.i3investor.com/servlets/stk/annchsh/7183.jsp
When will the new shareholder surface?

Tropicana just pocketed RM18M extraordinary gain....for coming Q4 earnings.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5279301
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=74580&name=EA_GA_ATTACHMENTS

This is a solid property company. In total, it generated RM 1 Billion net profit over the last 4 years.

However, its market capitalization is only RM 1.1 Billion based on its present share price @ RM1.07. It is definitely value for money in terms of low P/E ratio and good long term growth potential based on its strategic and cheap land bank with limited borrowings.

It's just too bad that property sector is not favoured by most analysts or research houses for the time being.

Against all odds, the Group has quietly registered revenue and profit before taxation of RM164.5 million and RM72.7 million respectively for the current quarter ended 30 September 2016. This
represents an increase of approximately 10% and 11% respectively over the results
achieved in the preceding corresponding quarter ended 30 September 2015. Though it may report lower PAT for FY2016 as compared to that of FY2015, its profitability track record over the last 10 years has been fantastic and commendable. A blue chip property counter.

EPS for 9 months to-date: 14.98 sen. NTA: RM2.12

The current quarter’s performance was mainly contributed by the change in sales mixed
and percentage of completion of the existing main on-going projects of the Group,
especially in Johor Bahru and Klang.

The Group has approximately 2,400 acres of land held for current and future
development which are strategically located in the District of Johor Bahru, Batu Pahat,
Kluang, Segamat, Muar, Mersing, Klang and Kuala Lumpur. Most of these properties
are available for immediate development as they have been granted approval for
subdivision. These will help the Group to sustain its medium to long term development
and profitability.

Most of the total land held in Johor, are located in the high growth Iskandar
Development Region. More investment is expected to come from Singapore to the
Iskandar Development Region. The Group is expected to benefit from the effect in view
of its strong brand name in the Johor property market as most of its flagship projects are
located in the Iskandar Development Region.

Besides, the Group is in the midst of developing the land held in Klang and is expected to
anticipate a gross development value of RM10 billion with ten (10) main development
phases. The site is strategically located along Jalan Klang-Banting and is 15 minute drive
from the Klang town centre. This mixed development project is expected to entail
thousands of units of residential and commercial properties.

http://cdn1.i3investor.com/my/files/dfgs88n/2016/11/28/1485670312-1210665363.pdf