I visited the BJC site yesterday afternoon and was very impressed. The 4 towers of the Park Residence have already reached the top floor and I was told by someone on site that internal plastering and even painting are in progress with many floors completed.

Construction of the 2 towers of Park 2 are also in progress. The structures of at least one of towers has already reached the 3rd floor.

The Mall is progressing well and has reached the 3rd floor. The construction of the mall is in full swing. I was told that the workers worked till midnight and even 24 hours when concreting work was being done.

It is very promising that the coming Quarter results to be released at the end of August would be very good as the progress claims on the 4 towers of Park Residence would be very substantial.

Disclaimer : This is a personal view and not a buy or sell call. If you do, you are doing it at your own risks.

Meanwhile, Daily and Weekly MACD remain positive and will last a while. The uptrend remains intact.

A bullish Hammer in Candlestick was formed on the last trading day, last Friday, reversing the short term correction and has found a temporary bottom @65 sen.
It is going to challenge the recent high of 70.5 sen. If surpass, will move higher.

Cheers!

Observation

Number of shares per seller in the Sell queue is much MORE than that of the buyer.. Meaning big sellers against small buyers?

So much shares were disposed in the range of 70-80 sen... Who are the sellers? Why they disposed?

LAYHONG Shareholding Changes
Date of change Shares(warrants) Director/
Substantial Shareholder
25 Jul 2018 Disposed
598,000 Mr Yap Hoong Chai
25 Jul 2018 Disposed
510,000 Mr Yap Hoong Chai
24 Jul 2018 Disposed
2,960,000 Mr Yap Hoong Chai
24 Jul 2018 Disposed
350,000 Mr Yap Hoong Chai
23 Jul 2018 Disposed
357,900 Mr Yap Hoong Chai
20 Jul 2018 Disposed
1,969,300 Mr Yap Hoong Chai
28 Jun 2018 Acquired
4,520,000 Mr Yap Hoong Chai
27 Jun 2018 Acquired
3,200,000 Mr Yap Hoong Chai
27 Jun 2018 Acquired
3,000,000 Mr Yap Hoong Chai
27 Jun 2018 Acquired
20,800,000 Mr Yap Hoong Chai
27 Jun 2018 Acquire
2,000,000 Mr Yap Hoong Chai


Director, the largest shareholder, acquired 33,520,000 warrants @rm0.50 in June and disposed 6,715,200 warrants @0.375-0.412 in July.

Did it make sense?
WHY HE DISPOSED? Cut loss just 1 month from the date of the purchase?
Margin Call?
I don't think so...

WHY?

Why it slowly went down and then plunged with volume yesterday and rebounded somewhat with so high vol today?

A major Shareholder selling?

Yes, there are short term traders and long term investors. This is an uncertain time. Too many problems investors have to face and wary about. There are trade wars, potential stagflation, an almost 10 years bull, potential invert yield curve of the US treasury bond... Be vigilant and agile.. Only my personal view.. Haha!

As I posted earlier, both daily and weekly macd are positive.. So whichever side you take, I am just sharing both sides of the coin.. Hihi..

Spinning Top Candle.
for reference only. Thanks

https://forextradingstrategies4u.com/spinning-top-candlestick-pattern/

Both Sunway Pyramid and Midvalley are very strategically located with vast catchment areas. I still have reservations on the immediate success of the Pavillion BJC Mall. Its location is still a bit out and it has to compete with many established Malls like Sunway Pyramid and Midvalley.. it will take long time for it to come close.. Too many Malls in the Klang Valley nowadays... There is one near home for everyone... hihi... That's is my concern..

Short term traders beware that today's Candle is a Spinning Top... Expect short term correction..

A pleasant surprise that today it closed at 67.5, up 4.5sen, volume 25.5M, considering today is T+3 day, heavy delivery of 59M scripts. Seems that there is a big buyer collecting.

After GE 14 till today, total share transacted in the open market is more than 350 millions. Is there a main buyer accumulating the shares?

Chartwise looks good. Today, It has broken out from the long term downtrend line since June 2017. Daily macd is positive and WEEKLY MACD also made a golden positive cross over.

Cheers!

Today shaking out short term players who will happily take their profits to regret later. hihi

At least it will go and close the gap at 78.5,
Hopefully!

Cheers!

Good show for the day...
UP 2 SEN volume 9.4M
T+2 for the 59M Shares

Let's see tomorrow how it perform..

If it breaks 64.5 with good volume, then it GOES!

Haha... Surely..

Just watch how it digests the high volume due in the next 1 - 2 days..

BJC is still shinning..seems the only bright star at the moment .. Hopefully the economy would be sustainable and the Mall successfully tenanted upon completion..

Thanks txfs for your sharing

txfs

Item 1 maybe a JDA....

thanks

Lot 345 (PT 193) Seksyen 48, Jalan Kolam Air, Off Jalan Kuching, Kuala Lumpur

May have bought from another party?

TTDI Kiara Park, 51% subsidiary Memang Perkasa, pending court case with the residents...

Malton's Duta Park Residence at Jalan Kuching,
is item 1 in the 64?

https://www.propertyguru.com.my/property-listing/duta-park-residences-for-sale-by-liza-aziz-26700581

sjy88,

Malton is basically a developer focused in the FT.

When trade War escalates, everything will tumble together... Stagflation, depression like that of the 1930s? Scary... Seems history could repeat itself..

The assumption on the cash flow just can't hold any water.

Don't think it even can sustain the current year cash flow in the next few years, let alone growth of 8 % and 16%.

It is really mind boggling to me

Heavy delivery of scripts amidst a broken Bandar Malaysia dream in the next 2 - 3 days...

Let's talk of the price action in the last 2 days...

Thursday closed 2.5 sen off high of 64.5 sen @62 sen... on huge volume of 59M shares, half of which at or above 62 sen

Friday closed at the lowest of the day @61 sen with about 17 million shares transacted, highest @64 sen..

Heavy volume of shares due for picking up in the next few days... hopefully no adverse news from FT ministry or MACC... keep your fingers crossed..

J4investmentCapital

Could you please explain what and how do you assume 8% and 16% profit growth for Gkent and Gamuda respectively? This is a surprise amidst the cancellation, deferment or downsizing of those Mega Projects by the government. Going forward, open tender system will be squeezing on the profit margins of the construction companies..

Going forward the new government is going for competitive open tenders to get the best bits. Construction projects profit margins would be squeezed amidst less projects, many of which would be cancelled or deferred or prolonged the completion period as the government does not have money in the coffer..

I don't see any good prospect for the construction companies in the next 2 to 3 years..

https://www.cnbc.com/2018/07/19/4-lethal-weapons-china-has-to-help-win-the-us-china-trade-war.html

Furniture is labour intensive and the impending implementation of the min wages in Malaysia, how does it affect the competitiveness unless the company has factories in Vietnam or other 3rd world countries...

Chinese government is very good. They have a lot of ammunition. They have already devalued their currency from 6.3 to 6.8 for 1 USD. Deprecated more than the RM.

Trade war may lead to stagflation. Consumers may hold back spending on durable goods. It may not be all that rosy when it pan out. When China goes down, don't think others can prosper.. hihi

http://www.klsescreener.com/v2/news/view/407071

Early Birds get the worms..

Monday many may rush in... Hope would not be trapped in the end after profit taking... hihihi

Is Malton involved? https://www.nst.com.my/news/nation/2018/07/391729/federal-territories-ministry-seek-macc-update-dbkl-land-sale-case

http://yigedama.info/article/1531938482

Volume leads price...

To check it out with Ekovest this time and see if it is true..

I thought there are resistance at 63 64 and 65

Now 63 64 broken... See 65.. Then higher... Aha ha

The Chart looks like very bullish " Cup and Handle"

Any Good Chartist here to comment?

Regional mall

The Bukit Jalil City project will also see the development of the Pavilion Bukit Jalil City Mall by the Pavilion Group. Hong is confident that there is still room for growth despite the current glut in the retail sector.

“While there is a growing number of malls facing intense competition in Klang Valley, many are not successfully run or occupied. Hence, there is still room to grow a successful mall in the country as growth is still evident in the retail business.

“Mall development, concept, retail diversity, traffic, location, brand and an experienced retail team are contributing factors to a successful mall.”

Last week, Pavilion KL retail chief executive officer Datuk Joyce Yap said the mall, which would open for business in 2020, has received more than 1,000 registrations.

She said the Pavilion group is targeting sales of RM1.7bil for the mall in its first year of operations, adding that the shopping centre is expected to hit an expected occupancy rate target of over 70% when it begins operations in 2020.

Hong says the mall will differ in terms of scale and concept from other malls, adding that the entertainment and shopping experience offered will cater to customers of all age groups under one roof.

“Exquisitely designed by the KL Pavilion Design Studio, the regional mall façade, which stretches up to 560m, is built to give maximum visibility to the retailers’ brands.”


Read more at https://www.thestar.com.my/business/business-news/2017/08/26/the-power-of-two-in-bukit-jalil-city/#i59lkXv0XSkteDmq.99

https://www.propsocial.my/property/9077/jalan-ipoh/duta-park-residences

Malton current project at Jalan Kuching.

Notshort of project..

http://www.theedgemarkets.com/article/canada-pension-plan-may-buy-stake-pavilion-bukit-jalil?type=corporate

https://www.thestar.com.my/business/business-news/2017/08/26/the-power-of-two-in-bukit-jalil-city/

https://www.reuters.com/finance/stocks/companyProfile/IGREbi.KL

Mid Valley Megamall and the Tower Garden Mall

https://www.sunwayreit.com/sunway-pyramid-shopping-mall/

1.8million sq ft of lettable area is slightly bigger than Sunway Pyramid..

Cheap Sales... Still ongoing..
2.5 sen dividend @60sen still yields 4.1%

1.8million sq ft of lettable area for the Mall is about the lettable areas of mid valley megamall which has a net lettable area of approx 1.822 million sq ft. The Garden has another 866 K lettable area.

Coming Q results should be excellent as the progress of work for the Park View Residence and the Park 2 are fast advancing... Was told now building roads and drain for the Park View Residence...

This article appeared in the Star is dated 26th August 2017

But the facts are still relevant. It is good info I read few days ago..


https://www.thestar.com.my/business/business-news/2017/08/26/the-power-of-two-in-bukit-jalil-city/

On Technical Chart, it is forming a beautiful "Flag" with volume reducing... and today is T +3 after the upsurge with volume last Friday!

Watch out for the next upward move...

:)

Buy more...

Cheap Cheap

For the Mall,however,only piling work has been done as of today...

A Short Sleep or A Nap is completely OK, make sure not falling into Coma.. LOL!!

CPF, if interested in the Pavillion 2 in BJC, surely spotted Malton at a ridiculously undervalued price. Wouldn't the fund also buy into the stock?

I really wonder if they don't..