Not to forget currently launched projects:

Villa 22 GDV RM148 million

Located in Bukit Rimau, one of Malton’s pioneer
township development on 358 acres in Shah Alam,
Villa 22 is the last piece of residential development.
Sitting on a small and last parcel of 3.2-acre freehold
land, the development comprising 22 units of semi-
dees and bungalows carries an estimated GDV of
RM48.0 million. Being the final development in the
well-established and connected township of Bukit
Rimau, Villa 22 purchasers will enjoy an abundance
of amenities and facilities within the township. This residential development is open for sale in October 2018.

RAPID CITY CENTRE (PHASE 2 & PHASE 3) TOTAL GDV RM 233 million

Located in Sungai Rengit, Johor, Phase 2 and Phase 3 of Rapid City Centre comprise 68 units of 2-storey shop
offices and 30 industrial lots, carrying an estimated GDV of RM90.0 million and RM143.0 million respectively.
Phase 2 is open for sale starting August 2018 while Phase 3 is slated for launch in early 2019. The industrial lots are part of our diversified product mix offer to the market

Stamp duty exemptions from 1st Jan 2019 to 30th June 2019 will spur property sales. The balance 40-50 % of block B and C, Duta Park Residence at Jalan Kuching, KL, would easily be snapped up. Block A likely would soon be rolled out. GDV of Duta Park Residence is about RM1 billion.

Slated to be launched at middle of 2019, Mutiara Hill at Puchong, GDV RM 278 million and River Park Bangsar South, GDV Rm985 million would likely be brought forward to beginning of 2019..

With the unbilled property sales now at Rm1 billion, the above projects could catapult the unbilled property sales to rm 2-3 billion..

WOW! LOL!

Malton's projects mostly concentrated in the Klang Valley niche location. It can sell without the P2P crowdfunding. hihihi

It's true. But DL bought 6.8 million shares at the end of May and just below the 2%"Creeping Threshold, after the Pavilion Condo was raid. Don't think he didn't know what he was doing and if anything would implicated him.

Many funds had already existed and judging by the heavy volume done in May, June and July, the shares must have been collected by some guys who know the company very well.

Out of the 50 acres BJC Project, 28 acres was allocated for the Pavilion BJC Mall which has a net lettable floor area of 1.8million sq ft.

Malton actually put a lot of resources into the PAVILION BJC MALL. That's why it is

THE CROWN JEWEL

of the BJC project.

It's value has been neglected by the market and seems is not priced in Malton's share price.

Awaiting the results of PAVREIT's participation in the ownership of PAVILION BJC MALL.

Explained PEG and illustrated. Good

Malton Profit and Dividend Records
FY...NP.........EPS... .Div...Div payout ratio.. shares
10..22,067  ....6.3.....1.5.........25%............348M
11..72,694....20.9.....2.0.........10%............348M
12..64,408....18.5.....2.5.........13%............348M
13..35,387..... 8.4.....2.5 .........30%............418M
14..51,830....12.3.....3.0..........25%........... 422M
15..45,847.....10.2....3.0.......... 30%...........448M
16..37,240.......8.......2.5...........30%...........448M
17..63,287..... 12......2.5...........20%...........528M
18..56,482......10.7...2.0...........20%...........528M

Malton's market price then was 78 cents..

The valuation then was based on 2 catalysts to realise the TP
1. The potential M&A
2. The earning growth

The share price later hit a high of RM1. 94 due to speculations on Bandar Malaysia... Hohohoho...

I read a research report by a bank backed merchant bank dated 6th Feb 2017. The report gave a target price for Malton at rm1.75 based on 40% discount to its RNAV of 2.91 at the time of the report.

Haha!

Awaiting the outcome of the ownership participation of PAVREIT in the PAVILION BJC MALL.

If Pavreit comes in, it is an immediate gain for Malton. If it doesn't, Malton stands to gain the full benefits upon completion by 2020..

Malton did not buy any land directly from DBKL.

TTDI Project
Memang Perkasa Sdn Bhd was initially 100 % subsidiary of Tegap Dinamik Sdn Bhd. Malton bought 51% of Memang Perkasa from Tegap Dinamik.

Duta Park Residence, Jalan Kuching.
Malton in JVA with Virtue Court Sdn Bhd to develop the land for RM74.8 million. VC got it from DBKL.... Piling work in progress...

When market is so bad, it is good time to take the company private at good discount. But would it or won't it? Haha!

Would you sell to him if the company is taken private at the current price? Hahaha!

He has to offer a reasonable price lah!
Bear in mind NTA is rm1. 73 and not taking the revaluation of the mall upon completion..

Damansara Heights Project, the 10 blocks of office space all sold. It is the private business of Tsr DL with some other partners. Tsr is going to make tons of money from there.

If he wants to take Malton private, the balance 331 million shares now not in his holdings, is chicken feed... I suppose.. hihi...

lincm,
I am not so pessimistic. haha!
It is likely that Pavreit will participate in the ownership of Pavilion BJC Mall. Even if they don't, not a problem. It maybe even better for real investors. When the mall is completed by 2020, investors will be able to reap the fruits, no need to wait 10 years.
There is also a possibility that the company would be taken private as the Mall is a jewel. 1.8 million sq ft, size does matter for a Mall.
I have a feeling that most of the shares in the market has been mocked up.

Tsr DL's shareholding cannot be increased by more than 2% in any 6 months' period otherwise it will trigger the "Creeping Threshold" leading to an MGO. He last bought 10 million shares in April and May, an increase close to 2%.

Company SBB may lead to an MGO.

nemesis

Btw I am a small investor... :)

nemesis

I am not hard selling. I am talking of facts. I try to get retailers informed especially newbies so that they can make wiser decisions with more information. I may stop posting here unless very necessary.... I think I have posted enough info...

Thank you for reading...

Share price is due to rise sharply from now! Guess what???
HA! HA! HA!

As of 30.06.2018
Total borrowing RM530 M
Cash and FD RM160 M

NET Debt RM370

Development Cost in current asset :RM1, 678Million

Many hundred million in the development cost for the PAVILION BJC MALL, the JEWEL..

2017 Annual Report
As of 30 June 2017, the Group and the Company have the following credit facilities from licensed banks:
The Group The Company
2017 2016 2017 2016
RM’000 RM’000 RM’000 RM’000
Secured:
Term loans 742,000 677,000 - -
Bridging loans 414,968 379,968 - -
Revolving credits 223,000 173,000 90,000 40,000
Trade facilities 63,286 50,000 - -
Bankers guarantee 55,750 44,880 2,000 2,000
Bank overdrafts 28,000 28,000 - -
Islamic financing 18,000 18,000 5,000 5,000

1,545,004 1,370,848 97,000 47,000

Only once rights issue in 2011
2 for 5 7 years 6% RCSLS with
1 for 5 BONUS
2 for 5 free warrants..

I don't think a rights issue is necessary as Malton has a standby Credit facility of more than RM 1Billion.
If there is one like the above, the price will go up, maybe... hihi...

Since listed in 2002, Malton only issued
1) once a private placement of 20 millions share @RM1 per share.
2) A Rights issues of 139 million RCSLS @RM1, 7 years 6% Redeemable Convertable Secured Loan Stock, 2 for 5
3) A bonus issue of 69 million shares, 1 for 5 together with the rights issue

The rights issue was very brilliant indeed..

23. SHARE CAPITAL
Group/Company
2003 2002
RM'000 RM'000
(a) Authorised:
Ordinary shares of RM1.00 each
At beginning of the year/period 1,000,000 200,000
Created during the year/period - 800,000
At end of the year/period 1,000,000 1,000,000
(b) Issued and fully paid:
Ordinary shares of RM 1.00 each
At beginning of the year/period 348,353 174,176
Bonus issue - 174,177
At end of the year/period 348,353 348,353

25. SHARE CAPITAL
The Group and
The Company
2013
RM’000
2012
RM’000
Authorised:
1,000,000,000 ordinary shares of RM1 each 1,000,000 1,000,000
Issued and fully paid:
Ordinary shares of RM1 each
At beginning of year 418,104 348,353
Bonus issue - 69,671
Issuance of shares:
Conversion of RCSLS - 40
Exercise of warrants - 40
At end of year 418,104 418,104

26. Share Capital
The Group and
The Company
2015 2014
RM’000 RM’000
Authorised:
1,000,000,000 ordinary shares of RM1 each 1,000,000 1,000,000

Issued and fully paid:
Ordinary shares of RM1 each
At beginning of year 422,550 418,104
Issuance of shares:
Conversion of RCSLS 5,866 4,446
Private placement 20,000 -

At end of year 448,416 422,550

. SHARE CAPITAL
The Group and the Company
2017 2016
No. of shares No. of shares
(’000) RM’000 (’000) RM’000
Authorised:
Ordinary shares - - 1,000,000 1,000,000

Issued and fully paid:
Ordinary shares
At beginning of year 448,416 448,416 448,416 448,416
Issuance of shares:
Conversion of RCSLS (Note 28) 68,490 68,490 - -
Employees’ Share Option Scheme (“ESOS”) 10,871 11,264 - -
Transfer arising from “no-par-value”
regime (Note 26) - 6 - -

At end of year 527,777 528,176 448,416 448,416

TSRDL is not so dumb to venture overseas if Malton's cash flow is tight and if the overseas venture needs so much cash that he has to call a rights issue. His focus now is to complete BJC project and the jewel, the Pavilion BJC MALL. That's why he rescinded from the Batu Kawan Project and took back more than rm 250 million cash in FY 2017.

Think in TSRDL's shoes and don't simply pluck something from the air and Blabla... Haha..

The results of the TENDER for the Taiwan project would only be known by March 2019.
The Development cost is about 60-70B NTD Or 1.93 to 2.27B USD and the owner is the Taiwan Government.

The Nai Hai Corporation Limited and Malton consortium(80%-20%) is tendering for the CONSTRUCTION of the SUPERSTRUTURE of the project as a contractor. The tender price is only a portion of the development costs. Assume 40%, it would be 800 - 900 million Usd. Malton's 20 % portion of the project, if the tender is successful, is only 160 -180 million USD or RM660 - 750 Million. Aiyah! Chicken feed lah! Malton's 100 % subsidiary Domain Sdn Bhd, current external construction job in hand also RM 1.5 B.

As a contractor for the construction, no need a lot of working capital as it would be paid along the way.

When the tender is successful, Malton share price is going to shoot up ! Hahaha!

SIGNIFICANT VOLUME transacted at historical low price range from May to present date.

Month...Monthly Vol....Highest..Lowest..Close
May...... 92.4 million..... 0.815.....0.545...0.565
June.... 106.8 M.............0.595....0.490....0.50
July...... 226.0 M............0.705....0.49.....0.665
Aug.......68.07 M............0.675....0.58......0.58
Sept..... 33.66 M........... 0.57.......0.52.....0.525
Oct*..... 27.13 M........... 0.57...... 0.48.....0.48

* Oct is as of 12th..

Share in issue :528 M
Major Shareholders, TSR : 197 M
Free Float :331 M

Judging by the significantly high volume of shares transacted at the historical low price range of 48-70.5 amidst stronger fundamentals in the last 5 months, do you think that much shares had been collected by interested parties?

August weekly volume and price range
6.8-10.8........22.84M....0.67-0.645
13.8-17.8......13.17M....0.66-0.635
20.8-24.8......15.64M....0.675-0.625
27.8-30.8.......7.19M.....0.645-0.58

The drop began after very disappointing 4Q results announced on 30th Aug...

The volume since is not significant.. as compared to May, June and July

WOW

Duta Park piling work started a few months ago... Sales for first 2 blocks out of 3 have a take up rate of 50%... GDV of the project exceeds 850M...

Some more....

1.Successful conclusion of the mutual resolution of the TTDI Project...
2. FY19 earnings would be excellent on the prospects of completion and handing over of the Park Sky Residence at BJC...

:)

SIGNIFICANT VOLUME transacted at historical low price range from May to present date.

Month...Monthly Vol....Highest..Lowest..Close
May...... 92.4 million..... 0.815.....0.545...0.565
June.... 106.8 M.............0.595....0.490....0.50
July...... 226.0 M............0.705....0.49.....0.665
Aug.......68.07 M............0.675....0.58......0.58
Sept..... 33.66 M........... 0.57.......0.52.....0.525
Oct*..... 27.13 M........... 0.57...... 0.48.....0.48

* Oct is as of 12th..

Share in issue :528 M
Major Shareholders, TSR : 197 M
Free Float :331 M

Judging by the significantly high volume of shares transacted at the historical low price range of 48-70.5 amidst stronger fundamentals in the last 5 months, do you think that much shares had been collected by interested parties?

Can logon to Facebook account
"The Park, Bukit Jalil"
to look at the latest photos on the progress of the project...

Park Sky Residence, all fully sold, is going to be completed by June 2019. Park 2, only 3 units left.

Jon

Malton is very focus on the KL Market. The BJC Mall could be a jewel.

lincm86

It was bought by the major controlling shareholders, not the company. :)

Tan Sri bought 10 million shares from the open market in April and May 2018 @ estimated average price of 65 sen per share... Cheap Cheap...

And now even cheaper... hihi


http://www.klsescreener.com/v2/announcements/view/28877033

http://www.klsescreener.com/v2/announcements/view/28874433

http://www.klsescreener.com/v2/announcements/view/28855385

http://www.klsescreener.com/v2/announcements/view/28854565

http://www.klsescreener.com/v2/announcements/view/28854567

http://www.klsescreener.com/v2/announcements/view/28848675

See!

Tan Sri converted his 29 million RCSLS into shares @RM1 in 2017. He actually had the option to redeem for CASH and received RM29 million CASH from the Company. He definite know the value of the share of the Company.


http://www.klsescreener.com/v2/announcements/view/7553159

http://www.klsescreener.com/v2/announcements/view/7619201

http://www.klsescreener.com/v2/announcements/view/7722187

http://www.klsescreener.com/v2/announcements/view/8047361

Even at 70 sen is also dirt cheap!

The "lucky" guy who bought at the lowest @46 cent, 7 years ago on 29th Sept 2011 received dividend year after year with a yield of 5%-6%... better than FD rate and today he sit on a capital gain of 2 cent , assume he didn't sell..LOL

But today his company has made more than
rm264 million of wealth or 50 cent per share as compared to the day he bought the share, 7 years ago...

Would this " lucky' guy do better for the next 7 years as compare to the last 7 years...

Please answer this question and decide if it is a good investment at the current price! Haha!

Profit records

FY........... NET PROFITS (000') .....Dividend (cent)
10.................22,067 .......................1.5
11.................72,694........................2.0
12.................64,408........................2.5
13.................35,387........................2.5
14.................51830.........................3.0
15.................45,847........................3.0
16.................37,240........................2.5
17.................63,287........................2.5
18.................56,482.......TBA by end Oct, usually

I computed NET PROFIT made by the company from FY ending June 2011 to FY ending June 2018, meaning for the period from 1.7.2011 to 30.6.2018, the company made

Total Net Profit. Rm 354.45 million
Total Dividend paid out about RM 90 million
(Assume dividend for FY 18 will be 2.5cent)

Retained Profit is RM 264. 45 million
(excluded private placement proceed and conversion of the RCSLS)

THIS IS MORE THAN THE MARKET CAP NOW. LOL

Support 1@47 cent, 26th Fed 2013,
Support 2@46 cent 29th Sept 2011.

My goodness! Have to go back to 2011 lowest level...

The net profit made by the company less dividend since 2011 is more than the Market Cap of RM 254 million @48 cent now

Fight**... Not find... Sorry

Hold till the completion of BJC Mall... Hahaha

I believe that the share is almost SAPU already..

Can't find the syndicate...They made the charts for you to sell...

Dumb dumb hold... is my choice...

As of 30th June 2018
Unbilled property sales, RM 1.03B
Construction order book approx RM1. 5B

:)