Top up at 1.13.

Proposed acquisition of companies extended for another 2 months.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

We refer to the announcement dated 5 October 2017 in relation to the above.

The Board of Directors of the Company wishes to announce that the Parties to the HOA had on 4 January 2018 mutually agreed to extend the HOA for a further period of two (2) months to 4 March 2018 to facilitate the finalisation of the detailed terms and conditions in relation to the Proposed Acquisition.

Other than the aforementioned, all other terms stated in the HOA remain unchanged.

This announcement is dated 4 January 2018.

Tomypak situation now is quite similar with BPPlas. Making good revenue but face margin compression issue.

Apa macam? Drop like hell now.

Chekhup not my favor. Taste too sweet. Pwroot also so so only.

Window dressing?

Yes. My broker also advise to sell now as share price is difficult to breakthrough 3.18. Nobody won't buy this counter beyond this offer price.

Seems like Kimlun is looking good on Johor future prospects.
Establish 3 new subsidiaries: Kii Morris S/B, Kii Ashbury S/B and Kiiville S/B and buy 3 new lands so far in this month. Of course it won't give quick return in recent years. This is talking about 5-10 year investment. Currently Kimlun almost completed on-hand property projects (eg. The Hyve and Pekan Nanas).

FY2016 is paying 26 sen dividend in total. Q1 to Q4 paid 4 sen each quarter plus 10 sen special dividend.

Based on latest AR 2017, Cold Eye still within the top 30 shareholder list.

Power of Icon8888.... up 3 sen already!

Dividend received too. Yeah!

Volume up, short term can test the next resistance 1.42

HLIB Research sees recovery for Kimlun in FY18

Hong Leong Investment Bank (HLIB) Research is retaining its Buy call for construction company Kimlun Corporation with a target price of RM2.65.

It said on Thursday although it forecasts earnings to decline by 22% this year, it is positive on a recovery in FY18 (+20%) underpinned by its strong job wins leading to a record high orderbook.

“Our TP of RM2.65 is based on an 11 times price-to-earnings (P/E) multiple ascribed to FY18 earnings (mean: 12 times),” it said.

On Wednesday, Kimlun announced it was buying from UEM Sunrise (UEMS) 11.734 hectares of freehold agriculture land from the latter for RM82.1mil.

The land is within Iskandar Puteri and is near Horizon Hills, Eco Botanic and Taman Nusa Sentral. It is roughly 5km (by road) north-west of Kota Iskandar. The land has been zoned for commercial use and Henry Butcher Malaysia has appraised the land at RM83mil.

“The pricing for the land works out to be RM65psf. Our property analyst feels that this may be on the high side when compared to the recent transacted price of RM43.4psf when UEMS sold a parcel of land to Country View. It is nonetheless noted that the land that Kimlun is buying is much smaller in size.

“Kimlun intends to develop commercial properties on the said land but no further details were given,” it said.

HLIB Research said as of 3Q17, Kimlun’s net gearing was low at 5.5%. On a proforma basis, the land purchase would increase its net gearing to 19.6% which the research house deemed as manageable.

“As of 9M17, property contributed a minimal 2.5% to revenue. Kimlun has thus far only undertaken two developments, with take up rate at 90% for The Hyve (launched 2012) and 50% for Pekan Nenas (launched 2015),” it said.

https://www.thestar.com.my/business/business-news/2017/12/21/hlib-research-sees-recovery-for-kimlun-in-fy18/

Collect at 2.15.

It shows to the Government what is Value-added services called for!

Already sold off this counter last month.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1022418

你是说first day吗？

It could be possible to drop further below RM1.

Nobody looking at this stock?

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1021399

OldTown entered agreement to open cafe outlet in Cambodia.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1021601

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1021447

RainT you better sell and runaway from here.

Appreciate if someone can share any AGM updates. Thanks.

Those analysts can eat shit. All ask us to accept this offer.

I feel what a waste that a good counter will going to be privatised if this is become truth. And hard to find another counter same good fundamental as Oldtown.

Either we wait till all pre-condtions been fulfilled and met, offeror will pay us at RM3.18 without incurring brokerage and trading costs, at the same we still can entitled dividends.
2nd choice is if the price shoot beyond RM3.18, we can immediately dispose off in the open market. Why we want to accept RM3.18 if the market willing to pay more for it?

51.45% big shareholders already fully support this privatization. As long as get more 38.55%, then can immediately delisted from KLSE.

Ok thanks. Interesting. Just waiting and see what's the material announcement.

Suspended without reason?

why sell? Just hold tight tight and enjoy dividend every quarter.
This counter makes me sleep well every night :)

Generally Hevea is doing well in 4Q, but if they can't solve labour shortage within this period, they also cant get more high margin orders from customers due to lack of manpower.

Sold already. Cut loss now and move to other promising counter better,

Bought 25 lots for my mum.

Bad market sentiment. Dun too focus on USD exchange rate. Back to basic, Hevea's main exporting markets are Japan and China despite trading with USD dollar. Anyway, I still can't figure out why 3Q17 GP margin dropped so much. I dun think just the forex issue only.

Sold off finally. Good luck to all existing shareholders.

Decent result. Nothing can comment much. Pls keep it up!

Lansi! Note 16 Review of Performance said that PBT increased "only" 20% due to bla bla bla.. But i liked it! hahaha...

Still solid and decent result. Nothing to comment much and unbilled sales reached historical high at 1.1 billion.
Remain the same dividend 3.25 sen per share after bonus share issue. Thanks Matrix!

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1015208
Annual Report 2017

Almost everyday drop and red, at least one day let me happy also good wat

Who buy low yesterday at 1.07 already earn back 5% gain immediately.

tksw sifu also go holland liao..

Final dividend of 6 sen per share ex-date = 19/12 and payment date= 29/12

Congrats to all!

Move out of Malaysia!

@cong5895, no worries. Market sentiment no good. Gadang shld worth than current price.