Posted by Lim Chun Ping > 2015-11-25 17:11 | Report Abuse

C u at 0.80

Posted by red_85 > 2015-11-25 17:13 | Report Abuse

bad report throw first...

Posted by ryanze > 2015-11-25 17:17 | Report Abuse

Report out loo
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4930149

Posted by kancs3118 > 2015-11-25 18:10 | Report Abuse

JUST DON'T UNDERSTAND WHY THEY NEED THE FU*KING F&B AND PNT BUSINESS~!!!!

they should just stick to what they do best - that is property development...kanasai~!!!!!!!!!

Posted by davidkkw79 > 2015-11-25 18:12 | Report Abuse

I don't think result is bad...

Posted by davidkkw79 > 2015-11-25 18:17 | Report Abuse

very similar as KSL incurred an accounting loss....then after that immediately rebound and climb higher and higher

Posted by meiling870 > 2015-11-25 18:30 | Report Abuse

got some annoucement

Posted by meiling870 > 2015-11-25 18:31 | Report Abuse

dun sell first, otherwise you'll regreted

Posted by kancs3118 > 2015-11-25 18:36 | Report Abuse

Why do you think the results are not that bad?
Expect a bad day tomorrow ...

Posted by meiling870 > 2015-11-25 18:38 | Report Abuse

http://klse.i3investor.com/blogs/dummyinstockexchange/83800.jsp

Posted by kancs3118 > 2015-11-25 19:36 | Report Abuse

Thank you very much. I know about the impending sales of damein and the effect it has on GOB share price. But then, this quartet's results have been quite poor. So too is last quarter if without the sales of 2 parcels of leasehold land.

Posted by kancs3118 > 2015-11-25 19:36 | Report Abuse

Please tell me something I don't know

Posted by Mohd Fahmi Bin Jaes > 2015-11-25 19:44 | Report Abuse

quarter report: revenue down, net profit negative.
gap down.

Posted by gick891214 > 2015-11-25 20:09 | Report Abuse

><'''

Posted by YOLOOOO > 2015-11-25 21:06 | Report Abuse

dead

Posted by AllWin > 2015-11-25 21:19 | Report Abuse

Result not good but PE still only 3 with impending Damen sale. Short term sell, hold for mid term.

Posted by kwchan8 > 2015-11-25 21:21 | Report Abuse

http://klse.i3investor.com/blogs/JTYeo/86868.jsp

tomolo sell. buy or hold??

Posted by crossroad > 2015-11-25 22:01 | Report Abuse

GOB sale of land announced in August will bring profit of RM16 mil, and the sale of the damen shopping mall to pavilion will also be good for the group. Short term player esp on contra may not want to hold, but for long term, GOB is in a better position than it was a year ago...

Posted by crossroad > 2015-11-25 22:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4824605

Posted by valueinvestor > 2015-11-25 23:40 | Report Abuse

Why it chose to recognize more expenses/costs first incurred for Da:men mall which is under construction and pending completion sale to Pavilion Reit???
Couldn't it classify and capitalize such costs first in its balance sheet under property development costs, instead of charging off in the P&L account so fast?
Sigh....

Posted by SuperMan 99 > 2015-11-26 00:29 | Report Abuse

Result is very BAD, short term sale is unavoidable.

Posted by kancs3118 > 2015-11-26 06:28 | Report Abuse

@ value investor : you are right. The costs associated with Damien is about RM30M after comparing the segmental results between Q2 vs Q1. If they capitalise this cost, this quarterly results would have been a profit not withstanding the RM10M losses from the F&B sales.

I am not so concerned about the losses associated with Damein because I sincerely believe they can recoup it via sales of damein to Pavillion REIT.

But the losses concerning the F&B division of RM 10M is horrible. They should have exited the F&B business. It is not a business that they have a competitive advantage at all.

Posted by kancs3118 > 2015-11-26 06:34 | Report Abuse

@ value investor - about the RM30M losses incurred for Damein, i think there is something happening behind the scene whereby maybe, just maybe, Pavillion REIT ask GOB to absorb the RM30M cost. Maybe that is the reason why they cannot capitalise this RM30M into the property development costs as this is not possible to recoup via sales to Da'mein.

Posted by kancs3118 > 2015-11-26 06:39 | Report Abuse

not withstanding a bad quarter, whole year profit is still RM66M mainly due to the disposal of 2 parcels of leasehold land. I think we will end the year with profit due to the disposal of DaMein (but then, i still cannot understand why they do not wanna capitalise the RM30M as part of property development costs) and additional disposal of land at Seri Kembangan.

Also, not to forget the unbilled sales of RM400+M from its ongoing projects which has achieved 90%++ take up rate. this counter is still "safe" until the end of FY2016.

Over the long term, both Batu Kawan and Lembaga Getah projects will be main engine of growth.

But the F&B division is bleeding rather heavily. The main increase in OPEX is attributable to the F&B division. They should hive off the F&B division.

Posted by kancs3118 > 2015-11-26 06:42 | Report Abuse

won't be looking at this counter today - will be like an ostrich, digging my head in the sand

Posted by snwong13 > 2015-11-26 07:31 | Report Abuse

while F&B causing a slight losses..we still have profit of RM66M and unrealized sales proceed pending. No problem...hold

Posted by snwong13 > 2015-11-26 07:49 | Report Abuse

this qtr loss but still have....22% up in revenue, 339% up in profit & 14% up eps...compare yoy

Posted by riskabsorber > 2015-11-26 08:30 | Report Abuse

Gearing is at high risk now. Might be due to mismanagement of cash that's why even disposal of 2 parcel of land, the borrowing still increased by 70m. Certainly need to sell Da'men anxiously to get the money.

Posted by littlewolf88 > 2015-11-26 09:05 | Report Abuse

woo woo wooo........

Posted by kancs3118 > 2015-11-26 09:05 | Report Abuse

@ riskabsorber - come on lar...the majority of the gearing is mainly due to the credit draw down to build da'mein - which upon the sales of Da'mein - will make the company to become a net cash company. Please read the quarterly report and understand the company before commenting here. Thanks.

Posted by NoPainNoGain > 2015-11-26 09:21 | Report Abuse

Those who buy queue matched between 50 to 55 cents are the luckiest person!!

Posted by Muda Fadli > 2015-11-26 09:25 | Report Abuse

indeed

Posted by SuperMan 99 > 2015-11-26 09:25 | Report Abuse

Kancs, I put my hands up to agree with your statement here:

"But the losses concerning the F&B division of RM 10M is horrible. They should have exited the F&B business. It is not a business that they have a competitive advantage at all."

Posted by riskabsorber > 2015-11-26 10:47 | Report Abuse

Kancs, I mean the additional borrowing which is drawn down this year. The disposal of 2 parcel of land received the cash around 130m + additional draw down this year of 70m, Which is already 200m. How much funds needed to build Da'men ? Why need to pay additional interest when the company have 115m of cash ?

Posted by snwong13 > 2015-11-26 11:46 | Report Abuse

thanks a lots....managed to get some to top up at 57 from panic investors ...
...retained profit reflecting down at a range of expected 59 to 61
...will move up slow slow
...we meet next qtr...
Terima Kasih Banyak banyak!!

Posted by tailwagsdog > 2015-11-26 17:18 | Report Abuse

.
Some of you have quoted an analysis of the results. Do please give us the link(s). Thanks.

No doubt GOB is cash rich. But I am seriously concerned about top line revenue in the quarter, only 36m, down from 121m in the corresponding quarter last financial year. Why so low? Houses in Batu Kawan not selling?

I have noticed some other developers have also reported serious revenue declines. The property market downturn seems really bad!

Posted by snwong13 > 2015-11-27 09:28 | Report Abuse

Generally last qtr property sales, no good ..greatly down as developers cut sales to maintain property price....that is strategy to down supply to move price up/maintain.., but retained profit compared yoy is better though compared q2q slightly down..
..hold as most profit takers have already cut losses yesterday at 57

Posted by snwong13 > 2015-11-27 09:59 | Report Abuse

.........refer NP Margin....it explained! Thks

Posted by kancs3118 > 2015-11-27 11:30 | Report Abuse

@ snwong13, what NP margin? where to find?

Posted by snwong13 > 2015-11-27 12:26 | Report Abuse

1147 (GOB °)
DJ Global Oriental Malaysia 2nd-Quarter 2015 Earnings Summary Table >1147.KU
25-11-2015 09:03:00


Global Oriental (1147.KU) - Malaysia
(2nd) quarter ended Sep 30:
Figures Are In Ringgit (MYR).


2015 2014

Revenue 35,993,000 121,244,000
PreTax Profit -14,400,000 16,982,000
Net Profit -12,965,000 9,522,000
Earnings Per Share -2.85 Sen 4.19 Sen
Dividend 0.00 Sen mtt

6 months ended Sep 30:

Revenue 260,018,000 213,862,000
PreTax Profit 96,497,000 26,545,000
Net Profit 65,835,000 15,001,000
Earnings Per Share 14.48 Sen 6.60 Sen
Dividend 0.00 Sen mtt

Posted by snwong13 > 2015-11-27 12:27 | Report Abuse

"A high net profit margin indicates that a business is pricing its products correctly and is exercising good cost control..."

6 months ended Sep 30
compared NPM (NP/Revenue) despite this qtr2 make a rugi...
not shown, but, please calculate yourself
2014-7%
2015-25% (>3x)
EPS boleh tahan at 14.48% compared to 6.60% in 2014
qtr 1 performing well, qtr2 not, doesn't mean end of GOB
lets see this qtr3/4...

My 2 cents worth financial opinion....thks

Posted by snwong13 > 2015-11-27 12:30 | Report Abuse

so fair enough...this qtr not making money, back from 65 to 60...

Posted by kancs3118 > 2015-11-28 08:02 | Report Abuse

i wanna write to their investor relations to confirm the following:
- higher costs incurred for Da'mein maybe attributable to the RM28M paid to Revenue Concept - as agreed per the JV agreement btw GOB and the landowner. However, why this was not capitalised as part of the property development costs?
- how much profit arising from sales of Da'mein to Pavillion REIT?
- higher losses incurred from the F&B division. Whether this is attributable to the opening of new Grandmama's stores or Grand Harbour stores? Because i attended the AGM , it was mentioned they wanna open up new stores...

Posted by snwong13 > 2015-11-28 17:54 | Report Abuse

http://cdn1.i3investor.com/my/files/dfgs88n/2015/11/25/1483821317--1501348034.pdf

Posted by kancs3118 > 2015-11-29 05:09 | Report Abuse

The problem is that the quarterly report does not mention the business reasoning behind the losses....

Posted by DreamPravira > 2015-11-29 05:12 | Report Abuse

what TP

Posted by snwong13 > 2015-11-29 13:12 | Report Abuse

.
look at below......financially better despite qtr2 rugi a bit..it should go up slowly till next qtr result out...are we happy we EPS?

.compare 14/15, the financial standing of GOB @ 6 months ended Sep 30

2015
Revenue 260,018,000
PreTax Profit 96,497,000
Net Profit 65,835,000
Earnings Per Share 14.48 Sen

2014
Revenue 213,862,000
PreTax Profit 26,545,000
Net Profit 15,001,000
Earnings Per Share 6.60 Sen

Posted by snwong13 > 2015-11-29 13:15 | Report Abuse

TP, not expert in..but believe it will move slowly uptrend till next qtr result...while "others" remains constant!

Posted by SuperMan 99 > 2015-11-29 14:11 | Report Abuse

Disposal of USJ da men is one sided to Pavilion, it is not a clean sale from GOB & it is subject to price reduction if the actual occupancy rates & rental charges are not up to the mark.

Most importantly, GOB has to make sure the mall is 70% operated & rented with not less than RM9.20 sf, what a deal to Pavilion!


1. 签署SPA后6个月内，卖方必须成功出租至少85%空间，平均租金不能少于RM9.20 per square foot.

2. 签署SPA后6个月内，当damen开始营业时，且70%的租户已经开始营业

See more details here:
http://malaysiareit.com/2015/09/pavreit%E6%94%B6%E8%B4%ADusj-da-men.html


WHY GOB is so desperate to get rid of Da:Men mall?

Posted by Icon8888 > 2015-11-29 14:32 | Report Abuse

I have long given up on this company. 拖泥带水， ka ka cau cau