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2014-08-01 17:45 | Report Abuse
This counter is worth much more if it can convert its existing Sri Damansara Club land into commercial land for mixed property development. If this happens, the share price may easily climb above RM1.0 :-)
2014-08-01 17:41 | Report Abuse
Based on the conversion price of RM0.26 (“Conversion Price”), the ICULS may be converted into new L&G Shares in the following manner:
(i) by surrendering RM0.26 nominal value of ICULS for one (1) new L&G Share; or
(ii) by surrendering RM0.13 nominal value of ICULS together with cash such that in aggregate it amounts to RM0.26 for one (1) new L&G Share.
Effectively, the option (ii) means that you can surrender 1 ICUL (which has a nominal value of RM0.13) plus RM0.13 cash in exchange for 1 new L&G share.
2014-07-31 21:24 | Report Abuse
Strong Q2 result on the way???
2014-07-30 19:34 | Report Abuse
http://www.hometree.com.my/longbranch.html
The profit to be derived from Home Tree alone can double the market capitalization of BCB???
2014-07-22 20:56 | Report Abuse
http://klse.i3investor.com/blogs/PublicInvest/50591.jsp
New major shareholders for Talamt?????
2014-07-02 20:22 | Report Abuse
Kenanga Research:-
As for small-cap pick, we favour Mitrajaya (TRADING BUY; TP: RM1.13) as this under-researched stock is one of the quality small-cap contractors that is worth considering given its visible earnings growth prospects. Mitrajaya’s earnings reached an inflection point in FY14 as its order book reached an all-time high of RM1.2b (3.3x to FY13 revenue), 140% higher than the previous high of RM500m. Based on our conservative analysis, we forecast Mitrajaya’s core earnings could at least record high double digit net profit growth of 52% and 31% in FY14E and FY15E, respectively. More importantly, valuation-wise, we perceive the stock’s current price has yet to fully reflect its growth prospects, trading at only 7.2x against peers’ average of 9-10x.
2014-07-01 19:08 | Report Abuse
The ICULS are issued to the entitled shareholders of Ire-Tex Corporation Berhad (“ITCB”) pursuant to the renounceable rights issue of 470,014,000 or RM35,251,050 nominal value of ICULS at 100% of the nominal value of RM0.075 each (“Rights ICULS”) on the basis of four (4) RM0.075 nominal value of Rights ICULS for every one (1) ordinary share of RM0.40 each in ITCB (“ITCB Share”) held at 5.00 p.m. on 16 May 2014 together with free detachable warrants (“Warrants”) on the basis of one (1) Warrant for every eight (8) Rights ICULS subscribed for (“Rights Issue of ICULS with Warrants”).
Based on the conversion price of RM0.60 (“Conversion Price”), the ICULS may be converted into new ITCB Shares in the following manner:-
(i) by surrendering nominal value of ICULS equivalent to the Conversion Price; or
(ii) by surrendering such number of ICULS together with cash such that in aggregate it amounts to the Conversion Price.
Each registered holder of the ICULS shall have the right on any market day from and including the issue date of the ICULS up to and including the maturity date of the ICULS (“Maturity Date”) to convert such amount of ICULS held into fully paid-up new ITCB Shares at the Conversion Price.
The ICULS will not be redeemable for cash. All outstanding ICULS will be mandatorily converted into new ITCB Shares on the Maturity Date.
Any fractional new ITCB Shares arising from the conversion of the ICULS will be disregarded and shall be dealt with in such manner as the Board of Directors of ITCB shall in its absolute discretion deem fit, expedient and in the best interests of ITCB.
This announcement is dated 13 June 2014.
2014-06-29 16:47 | Report Abuse
Iretex may become healthier and more cash rich if there are more & more people converting the LAs by surrending one LA plus RM0.525. So, unless the management team screws up, the company would likely perform better in the next 12 months and those long term LA holders could indeed be laughing to the bank eventually when the mother share goes up in due course. Time to tell
2014-06-29 16:37 | Report Abuse
If it can secure one more sizable contract soon, it will fly above the Kenanga's target price of RM1.13 easily. Moreover, its MD has indicated that the company should be reporting a higher annual turnover above RM500mil in this FY, exceeding last year's RM338mil. So, its FY2014 net profit could be expected to increase by probably >50% if it could manage its costs well. Another Gadang in the making???
2014-06-20 18:32 | Report Abuse
This company seems to be heading nowhere and going down...... damn slow in launching new phases or projects......the young son Andrew seems to be slower than his sister....probably slower than the aged MD.....sigh....
2014-06-17 20:04 | Report Abuse
If the mother share can stay above 70 sen for 1 or 2 weeks, this LA is likely to shoot up to 22.5 sen in due course since conversion price is 1 LA + 52.5 sen only under Option 2 method. The window of opportunities for the present discount should close when the research houses highlight or publish this accordingly
2014-06-16 21:30 | Report Abuse
Just keep for another 6 months to see its upside..http://tropicanacorp.com.my/media/sinchew_160614.php
2014-06-12 22:18 | Report Abuse
1. Turn off phone
2. Wait 5secs
3. Hold up volume button, home button, and power button until phone cuts on
4. Let go of power button
5. When Screen comes up let go of all buttons
6. Use volume button to go down to wipe cache, use power button to select
7. Then press select reboot system
2014-06-09 21:59 | Report Abuse
http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/all/482576120041BDAA4825780100366F7E/$File/Appendix%20I.pdf
The properties were acquired for RM25 mil in 2010. They are worth much much more today.
2014-06-05 21:47 | Report Abuse
http://tropicanacorp.com.my/media/keehua_030614.php
Together with the earlier sales of RM395 mil achieved in Q1, the company has indeed achieved RM1 billion sales in 5 months into 2014. Hence, it may be on track to hit RM2 billion sales target.
However, it still has to quickly divest some of its assets to pare down its debts as much as possible. Otherwise, the analysts will not recommend highly on this counter.
2014-05-26 22:22 | Report Abuse
Let's the research houses to set the TP when they initiate coverage on this company. I will just keep this counter for next 6 to 12 months to ride on its growth story. This may be the next Hua Yang which was also under-researched about 3 years ago.
2014-05-23 21:49 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1630969
Latest 9 months' profit has exceeded last full year's profit.
2014-05-18 12:12 | Report Abuse
Since Mitrajaya-WC has risen by 17 sen to 54 sen in this one week alone despite having an exercise price of 90 sen, this 'may' indicate that the investment community or the speculators are seeing great potential in the mother share to rise much further.....
2014-05-14 21:08 | Report Abuse
Hopefully it would secure another major construction contract in excess of RM 300 mil when its share price crosses RM 1.10. That would help propel the share price to even much higher level then. :-)
2014-05-11 13:44 | Report Abuse
Tropicana should focus on selling its land banks to completely de-gear and derive maximum profits & unlock the appreciated value from the lands that it had acquired over the last few years as mentioned in the CIMB Research report. The recent disposal of Canal City/Kota Kamuning land & Bukit Bintang land has validated the positive impact from that approach.
http://ir.chartnexus.com/tropicana/docs/2014%2003%2031%20CIMB%20-%20Tropicana%20Corporation%20non-rated%20piece.pdf
http://www.theedgeproperty.com/news-a-views/12542.html
2014-05-08 23:11 | Report Abuse
2014-05-05 19:24 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1612925
Can forget about this counter for a long while if the 'hole' is big
2014-04-28 21:01 | Report Abuse
If it can secure one or two more sizable construction contracts, then it may even go above RM1.20 easily. This is because the outstanding order book is > RM1.2 billion, not to mention its own property development projects to be launched later this year. Its 2013 annual turnover was only RM338 mil. So, huat ar for this year!
2014-04-19 10:31 | Report Abuse
This counter needs to secure more construction contracts in order to move up. Otherwise, it is quite a boring money losing company and have to wait for people to push...........
2014-04-17 21:52 | Report Abuse
OMG!!! MIDF analyst under-estimated the earnings for FYE March 2014!!!
L&G's 9-month PAT already hit RM58.5 mil whilst MIDF only projected a PAT of RM50.9 mil for full year ending 31 March 2014.
The EPS may hit 13 sen instead of the 8.5 sen as projected by MIDF. Hence, the target price should be much higher if a PE of 8 times is ascribed to this count. Maybe RM1.00 or higher
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1550093
http://www.theedgemalaysia.com/business-news/285478-lag-aims-for-similar-success.html
2014-04-16 21:58 | Report Abuse
This counter may have to wait for a long while before it can show good operating profit growth because it does not have development projects to be launched in the near future. So there is no valid reason or catalyst to support its share appreciation, May have to wait until next year before meaningful operating profit start showing. Be careful
2014-04-16 21:44 | Report Abuse
This counter will fly like SBC and Brem Holdings once there are research houses initiating coverage on this under-researched company.
2014-04-16 21:40 | Report Abuse
This co will report fantastic record profit this year as it has so far quietly secured more than RM1.16 Billion worth of contracts in hand. Just hold for 9 months to reap the maximum capital gain from this counter. It is only RM0.675 now :-)
2014-04-15 21:41 | Report Abuse
Another great quarterly result coming soon
2014-03-31 21:32 | Report Abuse
TP : RM3.07 - RM3.58 by CIMB
http://ir.chartnexus.com/tropicana/docs/2014%2003%2031%20CIMB%20-%20Tropicana%20Corporation%20non-rated%20piece.pdf
2014-03-31 14:55 | Report Abuse
L&G will likely climb above 60 sen in the next 2 months if its Q4 result shows fantastic profit again.
Stock: [IQZAN]: IQZAN HOLDING BERHAD
2014-08-14 22:26 | Report Abuse
The time will come for this counter to rebound back to RM0.80 to RM1.00 when its profit starts to shoot up. This company has at least been reporting smallish profit for the last 5 years. :-)