BJ Toto and BJ Corp move largely in sync. Without strong BJ Toto expect BJ Corp share price to languish. Perhaps VT should crack his head how to move BJ Toto back to RM4.

Public Invest TP RM3.08. Mention not all is gloomy with strong USD. They can sell part of 150 aircrafts own and lease back.

Fly Mojo-AA brand name is strong & low-cost advantage.

AirAsia in possible sale and leaseback arrangement of aircraft

By PublicInvest Research / PublicInvest Research | March 24, 2015 : 10:39 AM MYT

AirAsia Bhd
(March 23, RM2.18)
Reaffirm outperform with a target price (TP) of RM3.08: According to various news sources, AirAsia Bhd is reportedly considering a sale and leaseback arrangement of its aircraft, amounting to approximately RM1 billion to improve its cash position and to take advantage of the stronger US dollar and lock in some disposal gains. We are keeping our forecasts unchanged for now, pending further clarifications from the management or an official announcement.

As at financial year 2014 (FY14), AirAsia has total borrowings of RM12.7 billion while its cash balance stands at RM1.3 billion, and a net gearing level of 2.5 times. Hence, a cash infusion by any means will do the group good, and in this instance it will potentially bring its net gearing level down to 2.2 times.

AirAsia group chief executive officer Tan Sri Tony Fernandes was quoted as saying that there is also the possibility of gaining an accrued profit of about RM170 million if the said disposal does take effect.

On a reported rights issue, we do not believe there’s a need for one, especially at the current share price levels. While cash infusion will strengthen the balance sheet at the moment, AirAsia has various other assets and/or invesments it can monetise. A case in point is the recent disposal of a 25% stake in AAE Travel Pte Ltd which reaped a gain of RM279.6 million and cash flow of RM306.2 million. On record, AirAsia owns about 150 aircraft which it could progressively unload (and lease back) should the need arise, more so with the strong US dollar currently. Other investments which it can divest include the remaining 25% it owns in AAE Travel, 50% of Asian Aviation Centre of Excellence Sdn Bhd and 50% of Think Big Digital Sdn Bhd.

Competitive pressures from new entrant flymojo is anticipated to be muted for some time at least, given its current lack of economies of scale. AirAsia’s first-mover low-cost advantage and stronger brand name stands it in better stead competitively, and this is adequately reflected in its recent financial results.

We have not adjusted our earnings estimates, pending clarification from the management regarding this issue and/or an official announcement to this effect. We are therefore keeping our “outperform” call and TP of RM3.08 unchanged, tagged to a 10 times price-earnings multiples of FY16 ending Dec 31, 2016 earnings per share. We see the current share price weakness as an opportunity for accumulation. — PublicInvest Research, March 23

IPO RM1.85 vs now 66sen, why IPO holders not complain.

Perhaps Ekuinas should park Ilmu under Icon and appoint new CEO.

Ekuinas plan to list another subsidiary(Ilmu) so is not selling Icon as feared.

NTA RM2.63. If Hunza can be privatized cash rich Parkson look even more deserved.

Danny own 70%. Can Tropicana be privatized?

PR also need to find money to spend otherwise how to fight BN?

KWAP started to buy in yesterday announcement as price become attractive.

Downtrend over. Uptrend to resume?

Why sell so early? Last Kenanga TP 80sen and Sin Chew TP also very high.

Tropicana holds regional launches
By Zatil Husna Wan Fauzi / The Edge Financial Daily | March 23, 2015 : 9:40 AM MYT

KUALA LUMPUR: Tropicana Corp Bhd ( Financial Dashboard) has simultaneously launched Tropicana The Residences in Malaysia, Singapore, Taiwan, China, Indonesia, and Hong Kong on Saturday.

The Malaysian launch — which featured a 3D projection mapping that showcased The Residences — was recognised by the Malaysia Book of Records as the biggest outdoor HD projection mapping screen in the country, while guests were also entertained by Malaysian singer Melissa Indot and fireworks.

“Tropicana The Residences prides itself on [being] the only swanky and luxury property located in Kuala Lumpur’s Golden Triangle. Seated on top W Hotel, this development is poised to become an iconic landmark,” said chief executive officer Datuk Yau Kok Seng during the launch at Marini’s on 57, which overlooks the project site.

The 55-storey mixed-use development will come up on a 1.28-acre (0.51 hectare) freehold parcel next to Suria KLCC, which includes 355 units of The Residences’ fully-furnished units from levels 25 to 53.

Meanwhile, W Hotel will have 153 rooms from levels eight to 23 and will be managed by Starwood Hotels and Resorts Worldwide.

The Residences has a gross development value of RM800 million and is scheduled to be completed in 2017.

The luxury residences have built-ups of 710 to 2,973 sq ft, with prices starting from RM1.7 million or about RM2,500 psf. The Residences will be managed by Tropicana.

“It will offer four types of residences, where its clients will be treated to conceivable luxury and amenity including concierge and housekeeping services, and a home-care programme which is ideal for jet setters,” said head of marketing and sales Ung Lay Ting.

The Residences will offer facilities like a salt-water infinity pool, forest-themed lounge, multipurpose area on the roof and hotel-like services such as concierge, laundry and dry-cleaning.

According to the group, the project will have resource-and energy-efficient features in daily operations like powering lifts and other utilities.

“The Residences is also forecast to be a serious contender for expatriates who want to make an investment in Malaysia. With an increasing appreciation of capital in the designated area, analysts foresee that Tropicana The Residences will fetch a steady traffic of those wanting to rent a space with close proximity to neighbouring office areas that house global companies,” said the group in a press release.

The development is designed by international architecture, interior design, urban planning and engineering firm Skidmore, Owings & Merrill who also designed the Dubai’s Burj Khalifa and New York’s One World Trade Centre.

The Residences will be a two-minute walk to the Petronas Twin Towers, and near other premier commercial and shopping hubs, educational institutions, medical centres and other attractions such as the KL Tower, Chinatown, Central Market and KLCC Park.

This article first appeared in The Edge Financial Daily, on March 23, 2015.

15% return meaning TP 2.40? RM 2.50-RM 2.80 still possible this year.

Meaning BJ Toto fair value should be over RM4.20 if follow VT buying price?

Hunza Property is privatised. Could Parkson be next one? Similarity is both companies keep buying back their own shares. Loss? Do last qtr result show loss?

Sell down-should be foreign fund who hold less than 5% stake. Not required to report to Bursa. If short sell(on Friday 20th) and Parkson buy back at higher price can they make money?

Why not Star merge with Media C? After all Star is controlled by MCA?

E-paper finally for MediaC?

Get your The Star-Sin Chew ePaper
http://www.thestar.com.my/News/Nation/2015/03/21/Get-your-The-StarSin-Chew-ePaper-Leading-English-and-Chinese-dailies-launch-bundle-for-bilingual-rea/

Departmental store operator Parkson Holdings Bhd has issued a statement to calm investors, after the company’s shares came under selling pressure over the last few days.

Through a statement today, the group said it is not aware of any circumstances within it that could have led to the sell-down of its shares.

Its counter plunged 19.4% or 48 sen from RM2.47 on March 13, 2015 (last Friday) to close at RM1.99 today, down 6 sen or 2.93% from yesterday’s close.

The counter is now at its lowest in five years. The current price gives it a market capitalisation of RM2.016 billion, which means it saw RM486.27 million in market value wiped out in just seven days.

Parkson (fundamental: 1.8, valuation 2.4) was also Bursa Malaysia’s 10th most actively-traded stock today, after some 42.2 million shares having changed hands.

The group reiterated it remains confident in its business fundamentals and prospects.

Wonder how much shares Parkson buy back today? If this going on next 1 for 20 share dividend will be as soon as April. Which company in Bursa can give dividend in 2 consecutive months?

Like Lim Guan Eng on PBA board?

Don't underestimate Parkson cash holding.

Mother up a lot son must follow eventually.

Sudah keluar penjara matakuda. Rugi tak beli tadi. Jualan hebat Parkson bukan selalu ada.

Buy rate 84% in afternoon.

Coming quarter got CNY and higher profit is expected. What about pre buying before GST? So even better sales and profit expected.

If Parkson really bad why every day can buy back share and WC want to own so much?

Changes in Director's Interest (S135)
PARKSON HOLDINGS BERHAD

Information Compiled By KLSE

Particulars of Director
Name TAN SRI CHENG HENG JEM
Address A-16-1, Blok A, Satu Residensi
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur
Descriptions(Class & nominal value) Ordinary shares of RM1.00 each

Details of changes
Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change No of securities Price Transacted (RM)
Acquired 14/11/2014 51,600 2.370
Acquired 17/11/2014 9,500 2.400

Circumstances by reason of which change has occurred Following the notice dated 24 October 2014 on the intention to deal in the shares in Parkson Holdings Berhad (“Parkson”), Tan Sri Cheng Heng Jem advised that on 14 and 17 November 2014, he has acquired a total of 61,100 ordinary shares of RM1.00 each in Parkson (0.006%).
Nature of interest Direct
Consideration (if any)
Total no of securities after change
Direct (units) 317,599,008
Direct (%) 29.16
Indirect/deemed interest (units) 266,087,705
Indirect/deemed interest (%) 24.43
Date of notice 17/11/2014

William Cheng own 53.59% Parkson in his latest filing.

ks55 is really an evil man as someone said.

William Cheng the major shareholders not selling a single shares despite all rumours. Want him to buy cheaply? Each time share dividend his percentage shareholding increase.

People every where in Msia don't mind paying extra for their water bill. Why Selangor as richest state in Msia cannot afford to so? No wonder they have to suffer water rationing despite the so called "most developed state".

The cheaper Parkson become the less money is needed to buy back its own shares so percentage of buying back share increase. By next month or early May don't rule another share dividend which is equivalent to cash dividend.

wan, biar kita beli dulu masa murah. TMS sekarang tak sama dulu. Sekarang sudah untung dulu syarikat rugi lagi mahal.

Everyone cut loss so Ah Kong lui very powerful to push it up.

Eco Sanctuary-Tropicana Aman(Canal City) land. So payment for RM471 million finally received from EcoWorld.

Eco World Development Group Bhd has posted net profit of RM3.06 million or 60 sen per share and revenue of RM158.03 million, for its first quarter ended Jan 31, 2015.

There was no preceding quarter for comparison, as the group changed its financial year end to Oct 31, from Sept 30.

Looking ahead, the group said it intends to launch four new projects in the upcoming months of its current financial year — Eco Sanctuary in Shah Alam, Eco Terraces in Penang, Eco Tropics and Eco Business Park III in Iskandar Malaysia.

Meanwhile, Tan Sri Liew Kee Sin, currently a director in Eco World, has been redesignated as the non-executive chairman on the board, effective tomorrow.

Penang water tariff again increase. Why Puncak water tariff cannot increase like Penang(opposition state like Selangor)?
http://www.thestar.com.my/News/Nation/2015/03/19/penang-water-rates-up-apr-1/

Someone must compare FGV dividend with other index linked blue chips to justify further selldown eg Astro, GenM, IOI or IHH.

If compare BJ Toto with blue chips such as GenM, IOI Corp, IHH, etc which one give more dividend?

So many companies want to join renewable energy business. Is it not a good business now that Tek Seng have? KNM, AT, PUC and many more.

Msports Taiwan price different so much with M'sia. Wish one day I can buy here and sell there to make profit.

So far no report from Bursa yet.
Why William Cheng or TH want to sell Parkson at 9 year low(from SPG) price if true?

Why Xinghe so active but not Msports? Msports EPS and NTA far better than Xinghe.

Tsuto I'm more interested to know who sell the shares to the company?

Maybe those who fear Parkson run out of money after spending so much money buying back shares. So many Parkson haters here maybe they are the one.

Suppressing share price now so that those who get share dividend cannot sell at high price?

flymojo not seen as direct competitor to AirAsia
http://www.theedgemarkets.com/my/article/flymojo-not-seen-direct-competitor-airasia

Treasury shares as at yesterday stood at 7,39%. After deducting 5% for share dividend balance is about 2.4%. So if Parkson continue to buy back share at the pace they are doing don't rule out another share dividend 1 for 20 in 2 months. Net cash as per latest balance sheet stood at RM 1,129.4 billion or RM1.03 per share should support share buy back activity.

Dow up 227 points. Time for Parkson to rebound since buy back step up last 2 days?

What happen if next month deadline(Apr 9th) is final one since this time Najib got mention something and our govn will be richer with money from GST?

But still higher than RM3.36? Only question is Maybank TP reliable?