Hopefully a win win resolution could be sought for the TTDI Project..

Potentially another good news..

https://www.edgeprop.my/content/1427812/taman-rimba-kiara-judicial-review-postponed-dbkl-works-%E2%80%9Cmutual-resolution%E2%80%9D

Total borrowing as of 30th June 2018, RM 530 million...

CASH AND FD : RM 160 million

Borrowing, net off cash : RM370 million

PROPERTY DEVELOPMENT COSTS, which are CURRENT ASSET amounts to RM1,687 Millions. A big chunk of several hundred millions should be the development cost of the BJC Mall which has reached the 3rd levels last June.

Awaiting good news from PAVREIT, then the company would be debt free or with little borrowings...

The lowest price since Jan 2012 is 47 cent.

WOW! The retained earning for the years 2012, 2013, 2014, 2015, 2016, 2017 and 2018 are ALL FREE!!

IN THE LAST 7 YEARS THE COMPANY DIDN'T ADD VALUE FOR THE SHAREHOLDERS???

ISN'T THAT CRAZY AND ABSURD!!!

@48 cents

NTA =1.73
PRICE OVER BOOK IS 0.277

RNAV approx RM3
PRICE OVER RNAV is only 0.16, 84 % discount

EPS FY 18=10.69 cent
PE =4.5

CRAZY!

@48 cent and annual dividend of 2.5 cent
The yield is 5.2%!!!

nemesis
Yes, I agree with you.
The STOCK more or less is already cornered. It's now from left hand to right hand, back hand to forehand, lower hand to upper and finally weak hands to strong hands.. LOL

nemesis
Where did you get your clues?

So, is there value in Malton @51 sen at today's closing price?

Disclaimer :

Buy/Sell at your own risks..

Tan Sri Desmond Lim is trying to add value to Malton. He is now helping the company venturing to the overseas market by joining hand with Nan Hai Corporation Limited, listed in HKSE, which he holds 8% shares as announced a few days ago. Nan Hai Corporation Limited has a market Cap of about HKD 13B.

The major shareholder intends to add Shareholder values. This year April and May, he bought a total of 10 million shares from the open market at an estimated average price of 65 cent per share.

The largest shareholder has confidence and see value in the company.

This FY, there is no interest payment for the RCSLS which already matured last FY and no redemption of any RCSLS as in previous few years. Rightfully, could declare better dividend going forward.

Hopefully, positive outcome from Pavreit's participation in the ownership of the Pavillion BJC Mall as announced on 13th August.

As the name already suggested Pavillion BJC Mall, wouldn't it be positive?

Just have to be PATIENT.

If you think the dividend yield is sustainable which I think it will since the payout ratio is only 23% for a 2.5 cent dividend based on last year's EPS of 10.69 cents. At the same time the current year prospects would be satisfactory as the unbilled property sales stands at RM1. 03B and the construction order book at approximately RM1. 5B

The yield now is 4.9%

That's is a complete different story from then and now... Highest was 1.94 and recent lowest was 0.49.. Now 0.51

Malton at 0.515 has a yield of 4.8%. The dividend payout ratio is only 20-30 % from historical records... So it is likely sustainable.

When it was 1.26, the yield was 2%

That is the major difference

What you have posted is intelligent? The readers surely would know how to differentiate and analyse

To discourage from buying and encourage selling

Why you come here

Beware of HANTU

Don't quote Malton at 1.26 as it is now 0.515.. You have to talk sense... You are entitled to talk nonsense.. Nothing wrong with it if you choose to...

Put your money in FD... and enjoy FD TRAP

Nonsense

Are you recommending a sell now?

We are talking about Malton at 51.5 now..

There are so many parameters to consider.

Share price to book value
Share price to RNAV per share
Historical PE ratio, historical 10 years track records.
Propective PE. Earning visibility for the next few years.
Dividend Yield, historical 10 years track records.

Compute a company against the other B4 you arrive at a conclusion.

I guess some FM were misinformed of the "rumours" B4 the announcement..

Malton never failed to give dividend since 2010.

Since 2012, the dividend is 2.5-3.0 cent per share.

Many companies never give consistent dividend. Some never give but only give upon sales of assets and left with no other business.

I first bought Malton @50 sen. It gives a yield of 5%. It is an asset as I can count on it for a steady income source better than FD with potential of good capital gain.

With the unbilled property sales of RM1.03 billion and construction order book of about rm1. 5billion, there is earning visibility in the next few years.

There are also ongoing projects being launched like the Duta Park Residences with GDV of about RM850 million.. Total GDV of future projects approx RM9 Billion..

Just sharing...
That's all from me..

Buy/Sell at your own risks...

Malton ventures to Overseas. It now partners Nan Hai. Tan Sri Desmond Lim is also the 2nd largest shareholders of Nan Hai, holding 8.03% shareholdings or 5.5 Billion shares.

At Nan Hai's today's closing price @HKD 0.19, DL's investment in Nan Hai worth more than HKD 1 BILLION. Nan Hai's Market Cap is more than HKD 13 Billion.

@52.5 sen

DIVIDEND: 2.5 cent dividend yields 4.76 %, from past 3 years records.
NTA =RM 1.73 per share as of 30th June 2018.
PE =4.91, historical FY 18
RNAV =/> RM3 per share

Unbilled Property Order Book as of 30th June, 2018, RM1. 03 Billion

Construction order book as of 30th June 2018 exceed RM 1 billion (my estimate RM1.5 Billion)

Pavilion BJC Mall, PAVREIT accepted invitation to participate in the ownership, pending confirmation and details.

Disclaimer :

Buy /Sell at your own risks

https://www.hk01.com/%E8%B2%A1%E7%B6%93%E5%BF%AB%E8%A8%8A/242128/%E5%8F%B0%E5%8C%97%E9%9B%99%E5%AD%90%E6%98%9F%E6%88%AA%E6%A8%99-%E5%8D%97%E6%B5%B7%E6%8E%A7%E8%82%A1%E6%88%90%E5%94%AF%E4%B8%80%E6%8A%95%E6%A8%99%E5%9C%8B%E9%9A%9B%E8%B2%A1%E5%9C%98-%E6%8A%95%E8%B3%87%E9%A1%8D%E6%96%99%E9%80%BE150%E5%84%84

The GDV of the the project is about NTD 60 Billion or USD 2 Billion.

The contract value for the CONSTRUCTION of the SUPERSTRUTURE of the project is not disclosed. Assuming 30%-40% of GDV would be USD 600-800 million or RM 2.5-3.25 Billion. Malton's 20% is only RM500-650 million. It will take many years to construct if the bid is successful. I don't think it needs a lot of capital.

Btw, Malton currently has an outstanding construction order book in excess of RM1 billion.

If the bid is successful. Good news for Malton.

If I read correctly, the headline of the Edgemarket is misleading....

It is bidding for the CONSTRUCTION of the SUPERSTRUTURE .. NOT BIDDING FOR DEVELOPMENT OF THE PROPERTY PROJECT..

QUOTE
In a filing with Bursa Malaysia this evening, Malton said that the two companies had submitted the bid to the Taipei City authorities on Oct 1 for the construction of the superstructure of the complex. Nan Hai will hold an 80% interest in the bid while Malton holds the remaining 20% interest.
UNQUOTE
from the EDGEMARKETS as above...

It is a bit for the CONSTRUCTION OF THE SUPERSTRUTURE OF THE COMPLEX, NOT THE DEVELOPMENT OF THE COMPLEX..

Don't think need a lot of fund...

I think the drop in price in Malton is over done..
despite all the negatives mentioned

It is only a bit/tender...

Could be some FM heard some rumours of the above and sold like no tomorrow???

Malton jointly submit a bit for a property project in Taipei with Nan Hai Corporation Limited. Malton holds 20% while Nan Hai 80%. The tender may or may not be successful.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5930329

https://m.marketscreener.com/NAN-HAI-CORPORATION-LTD-6170597/charts/

Company is doing well..

Share price reflects on the 10 years charts.. Not bad..

https://m.marketscreener.com/NAN-HAI-CORPORATION-LTD-6170597/company/

Tan Sri Desmond Lim holds about 8%in Nan Hai Corporation Limited.

Would another bigger block come out! LOL

Finally the 54.5, 2 million share block was cleared.

No one would sell his shares by parking 4×500,000 shares @54.5 cents on board at one go! Obviously it is blocking the share price from moving up with the intention to buy cheap from the poor and helpless small retailers, as fund managers shun away from property stocks now.

6 months* period

SuperVegetto what if Malton involved in the 1mdb issue?
14/09/2018 11:20

TSRDL bought 6,200,000 shares in May 2018, in the open market, details as follows :

23.05.18 bought 2,180,000 shares
24.05.18 bought 3,100,000 shares
28.05.18 bought 500,000 shares
30.05.18 bought 420,000 shares

It was after 9th of May, after PH won the election and after the raids of Pavilion Condominium...

The share price was so depressed due to the above. TSRDL certainly knew what he was doing in buying the shares.

Now the price is again so depressed. Would he buy if he would not trigger the "Creeping Threshold" for an MGO. He can't buy more than 2 % in a 6 period.

Hantu coming

The bankers call the shots

The mall could be sold soon...otherwise by 2020 can collect rental and later list as REIT

Pressing down the price lah...
It is like a poker game...
Small retailers are helpless as there are no big institutional buyers... Property stock is out of favor now... That's why the price keep dropping even though fundamentally it is good..

The bankers are watching.... Better shut up.. Haha

wah168 Assumption that the property crisis is happen in next year or after the malaysia budget day this year. What point can support that Milton still can sustain the net profit at the high time.
13/09/2018 16:32

The unbilled property sales at BJC of RM1.03 B and the construction order book of approximately rm1. 5B could sustain the earnings for the next 2 - 3 years....

Duta Park Residence with a GDV of RM850 million is being marketed and the take up rate for block B and block C was told recently at 50 %...

If you are following the price action on the Screen today, the queue on the buyers and sellers, you probably would have a guess as to why the share price is so depressed...

Please post the bad points!
You are also free to post. Haha!

Current Market Cap @54 cent is RM285 million

Accumulative last 6 years NET PROFIT is RM 288 million. The earnings assessed over a longer period is actually reliable.

FY...... Basic EPS(cent)...... Net PROFIT (RM)
FY18..... 10.79...................... .55,449,000
FY17..... 13.59........................63,181,000
FY16........8.12 .......................36,315,000
FY15......10.47 ...................... 45,847,000
FY14......12.42........................52,043,000
FY13........8.46........................35,384,000
-------------------------------------------------------------------
Total......63.76.......................288,219,000
=================================

Malton has grown bigger in the past 6 years. Unbilled property sales crossed RM 1 billion mark was a milestone. In-house construction jobs within the Pavillion Group is also aplenty. Construction order book also crossed RM 1.5 B

The contribution of the BJC Mall has not been taken into account yet.. This could be another windfall on the way.. hihi..

Txfs said need 3 months to conclude the deal. But why need 3 months ? 3 months to complete every thing? completion of all the corporate exercise, including payments, etc?