Posted by valueinvestor > 2015-11-29 14:33 | Report Abuse

http://www.thestar.com.my/business/business-news/2015/11/28/penang-global-city-centre-valued-at-rm25bil/?style=biz
http://www.thestar.com.my/business/business-news/2015/11/28/a-project-that-ended-in-a-whimper/?style=biz

Posted by snwong13 > 2015-11-29 15:27 | Report Abuse

Thanks,,,,,,something to look forward!

Posted by gick891214 > 2015-11-30 13:00 | Report Abuse

good... collecting it when it is lower...

Posted by Telstar > 2015-11-30 17:20 | Report Abuse

Suma mun mun c lo

Posted by valueinvestor > 2015-12-01 19:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4938577

Posted by gick891214 > 2015-12-01 20:20 | Report Abuse

bought so many dormant company. it looks like GOB is planning to do something for the future...

Posted by chankp7010 > 2015-12-02 10:50 | Report Abuse

Why must the board splits their hearts and souls to venture into food and beverages business that has resulted in losses year in year out? Why can the board and management concentrate on construction and property development? I believe GOB will perform better if only the board divest non core business as soon as possible. Hopefully there should not have any conflict of interest among the board or management in venturing into food and drinks business.

Posted by boldrun88 > 2015-12-05 19:14 | Report Abuse

Gob management diversified move is a strategic well planned move...

Posted by snwong13 > 2015-12-06 11:42 | Report Abuse

.
Take a little bit caution.....

"He said the long-awaited US Federal Reserve rate hike will likely be announced on Dec 15.
Given this, I expect the index to trade within a tight range next week," he added....."

Sources:http://www.theedgemarkets.com/my/article/klci-ends-week-red-after-ecb-disappointment

Posted by chankp7010 > 2015-12-08 17:22 | Report Abuse

What happened to the sale of 'Deman" in USJ Subang Jaya? Still no news for the payment of 70%! If Icon8888 has given up hope on this company, then, it is time for Directors and Management to give a prompt reply rather than "buat tak tahu"

Posted by boldrun88 > 2015-12-08 18:00 | Report Abuse

Never give up...

Posted by gick891214 > 2015-12-08 22:39 | Report Abuse

Go go go...

Posted by boldrun88 > 2015-12-09 15:12 | Report Abuse

Go go n go..

Posted by chankp7010 > 2015-12-12 11:40 | Report Abuse

Diversification into food and beverages is good if GOB has the expert personnels to handle it and with soul and heart putting into this line of business. However, since GOB involved in this business, the financial reports confirmed losses year in and year out. This losses not only dragged down overall profits but also worsen the Balance Sheet. A well planned and strategic move will not continually suffered loses. I would think more likely of personal interest that might manifest conflict of interest, persisting into doing something that does not benefit the company.

Posted by kancs3118 > 2015-12-12 16:10 | Report Abuse

i believe a majority of the losses are due to opening of the new stores - for both Grandmama and Grand Harbour. During the AGM, management does mention that they are confident overall F&B business will turn into black at the end of next year.

Posted by boldrun88 > 2015-12-14 12:40 | Report Abuse

Global Oriental may trend higher after surpassing the MYR0.58 level in its as a bullish bias could be present above this level....

Posted by slbzr > 2015-12-17 18:17 | Report Abuse

uptrend should be on the way

Posted by gick891214 > 2015-12-17 22:25 | Report Abuse

yeah

Posted by very_goat > 2015-12-18 18:46 | Report Abuse

Downtrend on the way... 45 cent mari mari... ngek ngek...

Posted by luckyman > 2015-12-20 13:31 | Report Abuse

GOB will fly if it can get a slice of job from Bandar Malaysia....

Posted by very_goat > 2015-12-20 15:20 | Report Abuse

Can u provide more information?

Posted by Mohd Fahmi Bin Jaes > 2015-12-20 15:22 | Report Abuse

Avoide

Posted by Koon Bee > 2015-12-20 15:27 | Report Abuse

Pls avoid property now...i can only see ewein in property sector that hv potential for time being

Posted by gick891214 > 2015-12-20 15:56 | Report Abuse

Luckymab: any link on your information? Tq

Posted by very_goat > 2015-12-20 18:22 | Report Abuse

GOB no cash to develop this project...

Posted by gick891214 > 2015-12-20 21:34 | Report Abuse

if GOB has cash, is it got chance win for this project? haha...

Posted by lim169 > 2015-12-22 22:20 | Report Abuse

moving a little

Posted by gick891214 > 2015-12-22 22:36 | Report Abuse

Finally. Lol

Posted by Edward Wong > 2015-12-25 15:09 | Report Abuse

These are all speculation...need further actual proof...wait and see then for few months.

Posted by Mohd Fahmi Bin Jaes > 2015-12-25 15:13 | Report Abuse

Avoide

Posted by kancs3118 > 2015-12-25 21:14 | Report Abuse

Something is brewing in GOB...it is busy building cash pile

Posted by DreamCruiser > 2015-12-25 21:18 | Report Abuse

so so

Posted by prakash012 > 2015-12-26 10:30 | Report Abuse

guys usj damen sales already done? as my understood pavilion riet will buy over from GOb

Posted by gick891214 > 2015-12-26 16:48 | Report Abuse

May I know when daimen sales will be count into quarterly report?

Posted by hng33 > 2015-12-28 09:32 | Report Abuse

Bought GOB at 55.5sen

Posted by kancs3118 > 2015-12-28 11:08 | Report Abuse

@ hng 33, what prompt you to buy? you are a smart man....please share your reasons lar..do you foresee another rise?

Posted by davidkkw79 > 2015-12-28 13:09 | Report Abuse

Buy it just because of it is really cheap.

Posted by riskabsorber > 2015-12-28 15:38 | Report Abuse

The recent disposal of 51% equity which the company has 2 parcel of land total up to 229.3 acres disposed for RM41mil. Which is RM8 per sq ft or RM350k per acres. Seems like the land in Batu Kawan not so valuable as we thought of previously.

Posted by hng33 > 2015-12-28 16:10 | Report Abuse

Bought more at 54.5sen

Posted by kancs3118 > 2015-12-28 16:49 | Report Abuse

@ hng33, why are you buying?

Posted by chinaman > 2015-12-28 16:53 | Report Abuse

batu kawan market rate should be at least myr50/ sq feet. something fishy la. RPT to director, I guess

Posted by riskabsorber > 2015-12-28 17:09 | Report Abuse

Called up to the purchaser Batu Kawan Development S/B and the receptionist said that the holding is Global Oriental Berhad. Probably formerly belongs to one of the director and that's why the disposal is so cheap. Bank lelong also will get higher than this price.

Posted by chinaman > 2015-12-28 17:14 | Report Abuse

this jewel land SHOULD'NT be disposed. many fight for batu kawan now..it's new hot potato land due to scarce land in penang. GOB-formerly Equine-used to be myr5/share, if I'm not wrong. I thought want to buy back this share till this unfavourable news of cheap land sales

Posted by chinaman > 2015-12-28 20:08 | Report Abuse

why sleeping independent director allow such fishy deal to go thru? gob should get at least myr340million i/o peanut myr40million. perhaps, im wrong

Posted by Mohd Fahmi Bin Jaes > 2015-12-29 00:37 | Report Abuse

downtrend

Posted by chankp7010 > 2015-12-29 09:45 | Report Abuse

Selling Batu Kawan land not only enabled GOB to monetize its idle land but also improve its cash flow, increase profitability and balance sheet for the coming financial year. Since GOB bought the company which owned Batu Kawan land in 2011, GOB has to service loan, incurred additional losses yearly totalling RM38 million as at last FYE. Furthermore, GOB's disposal is only 51% for RM41 million or about RM31/- per share of Penaga Pesona Sdn Bhd and has a put option to sell further 49% at the same term within 12 months from date of S&P. I would strong believe this disposal is favourable to investors and may see dividend payment by next financial year along with the completion of de'man (USJ project) disposal.

Posted by hng33 > 2015-12-29 10:07 | Report Abuse

chankp7010

Agreed :D)

Posted by kancs3118 > 2015-12-29 13:06 | Report Abuse

I have followed this company for close to 2 years and i have just disposed my entire shareholdings plus warrants.

This is about trust issue - i totally have NO confidence in the management of this company.

No doubt, after disposing Da'mein, the 2nd parcel of leasehold land at Sri Kembangan and this Batu Kawan (BK) land, this company will be in a net cash position. What they are going to do with this cash makes me worried simply because this company is acting as a front for Desmond Lim's group. So far, their actions show they are not really acting in the best interest of the shareholders but rather benefiting Malton and Pavillion.

For the disposal of BK land:
The BK land is a CROWN JEWEL for the company. The average price per sqf hovers at the vicinity of RM10 and is expected to go lower once they exercise the option to purchase additional parcel of land at BK. Low land cost is a sustainable competitive advantage. As more development takes place at BK, the land price will gradually appreciate and this will naturally expand the gross profit margin. Current market price is already RM45 psqf and that is the reason why they make a RM41M profit selling the BK land. This shows you how cheap their land cost is. But then, they have sold off the main reason why i buy this company in the first place - which is the BK land.

Posted by kancs3118 > 2015-12-29 13:06 | Report Abuse

The reason given for the disposal is "due to entries of new major players into Batu Kawan and coupled with the challenging / weak market condition for properties, hence, it is decided in the best interest of the company to dispose". What stupid reason is this? If management is serious to divest loss making businesses - the loss making F&B division is the first one to go. If not for the F&B losses, last quarter should be in the black. If not for the F&B business, the company does not need to incur such a high OPEX and will make even more profit. The F&B business (and to a certain extent, the trading business) is bleeding this company. Why they want to hang on to their F&B division but to sell off their crown jewel? For their F&B Grandmama - i have eaten there before and seriously, it has got nothing to shout at. Nothing special and it is deemed relatively overpriced. This sort of logic does not make sense.

Posted by kancs3118 > 2015-12-29 13:06 | Report Abuse

For the disposal of Da'mein:
Firstly, when they do not have enough monies - they perform a rights call. It was written very clearly in the rights prospectus that they need the money to develop BK land (which they sold off) and to develop Da'mein. Eventually, rather than keeping Da'mein, they decided to sell it off. Even the disposal of Da'mein is not a clean sale. There are T&C which is deemed very favourable to Pavillion REIT.

Please ask yourself this question. For the last quarter, why they want to charge some of the costs associated with Da'mein to P&L instead of capitalising as part of property development costs? Conventional accounting states that you charged to P&L if you are not confident on making profits. You need to expensed it off. I am not saying they may not profit from the disposal of Da'mein. I am just wondering why there is this peculiarity? In addition, the mall is slated to be open before CHristmas. But then, until now, it is still not open yet. Sometimes, i doubt they will get the full RM488M.