ISKANDAR WATERFRONT CITY BERHAD

KLSE (MYR): IWCITY (1589)

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Last Price

0.54

Today's Change

+0.005 (0.93%)

Day's Change

0.535 - 0.545

Trading Volume

1,197,400


31 people like this.

34,712 comment(s). Last comment by turbochart 3 days ago

aiaili

3,184 posts

Posted by aiaili > 2020-09-17 09:46 | Report Abuse

but life will go on..

aiaili

3,184 posts

Posted by aiaili > 2020-09-17 09:47 | Report Abuse

will see sunny this year coming summer christmas, uncle said lol..

khpwwl

3,477 posts

Posted by khpwwl > 2020-09-17 10:33 | Report Abuse

LKH throw to u all 1st, he made $$$ 1st and IPO IWH....

dompeilee

11,888 posts

Posted by dompeilee > 2020-09-17 16:49 | Report Abuse

SOLD all my IWCity bought @ 61.3c avg 2 mths ago, for 65c this morning...only cover commissions + a little bit more but at least I'm out for now =)

aiaili

3,184 posts

Posted by aiaili > 2020-09-17 16:58 | Report Abuse

pandai lo.., do not regret later lo lol...

aiaili

3,184 posts

Posted by aiaili > 2020-09-17 17:32 | Report Abuse

lol..

SWT1988

1,347 posts

Posted by SWT1988 > 2020-09-17 21:24 | Report Abuse

Today consider not bad la. Can sell above 0.66 n buy back @ 0.605. Tomorrow doing the same again n keep repeating for the whole month.

kakakemas

377 posts

Posted by kakakemas > 2020-09-17 22:18 | Report Abuse

hahahahaa

tkl88

8,712 posts

Posted by tkl88 > 2020-09-18 08:06 | Report Abuse

Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !

NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.

tkl88

8,712 posts

Posted by tkl88 > 2020-09-18 08:07 | Report Abuse

Walaoeh, oil price spike up like mad !
Today Construction counters will be spike up to sky high already !
Huat ah ! Heng ah ! Ong ah !

amircesc4

335 posts

Posted by amircesc4 > 2020-09-18 09:08 | Report Abuse

Dah habis. Merah today.

SWT1988

1,347 posts

Posted by SWT1988 > 2020-09-18 12:04 | Report Abuse

Bought @ 0.605 yesterday n hope to curi ayam today but IWC not enough sleep yesterday n weak today. Even this forum also quiet. Mana pergi all the limit up kaki? Will buy more if drop further

SWT1988

1,347 posts

Posted by SWT1988 > 2020-09-18 12:05 | Report Abuse

Let them wayang first at around 0.60.

khpwwl

3,477 posts

Posted by khpwwl > 2020-09-18 12:21 | Report Abuse

wait clear all 0.580-0.595

aiaili

3,184 posts

Posted by aiaili > 2020-09-18 13:46 | Report Abuse

tiptop meletop lol.....

amircesc4

335 posts

Posted by amircesc4 > 2020-09-18 13:58 | Report Abuse

I pray, lets hope close 0.630 today.

khpwwl

3,477 posts

Posted by khpwwl > 2020-09-18 14:47 | Report Abuse

ini kalilah...maybe 0.555 can buy already

dompeilee

11,888 posts

Posted by dompeilee > 2020-09-18 14:57 | Report Abuse

aiaili pandai lo.., do not regret later lo lol...
17/09/2020 4:58 PM

Now can buy below 60c...no hurry =)

Posted by Akukakijudi > 2020-09-18 15:06 | Report Abuse

No prayers will help Ekovest and Iwcity

Posted by Hairul Hafizy > 2020-09-18 16:02 | Report Abuse

rebound?

aiaili

3,184 posts

Posted by aiaili > 2020-09-18 16:06 | Report Abuse

uncle please....

aiaili

3,184 posts

Posted by aiaili > 2020-09-18 16:08 | Report Abuse

aku all tiptop meletop liao, uncle please...

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-09-18 18:10 | Report Abuse

Still quite well supporters. Not bad.

hoowk77

438 posts

Posted by hoowk77 > 2020-09-18 23:36 | Report Abuse

The listing of IWH requires participation of IWC due to its land bank in southern region. So, what do you think the potential of IWC...gogogo

hoowk77

438 posts

Posted by hoowk77 > 2020-09-18 23:38 | Report Abuse

Bandar msia is not good enough for IWH listing

hoowk77

438 posts

Posted by hoowk77 > 2020-09-18 23:43 | Report Abuse

You must have sizeable land banks and these are your ace card

NPRA1985

3,415 posts

Posted by NPRA1985 > 2020-09-20 03:05 | Report Abuse

Useless counter

Posted by ThePowerOfGlove > 2020-09-20 06:42 | Report Abuse

Down 2.46%

Posted by ThePowerOfGlove > 2020-09-20 06:42 | Report Abuse

Why like this one

Posted by ThePowerOfGlove > 2020-09-20 06:42 | Report Abuse

Apa pasal imi macam punya

Posted by ThePowerOfGlove > 2020-09-20 06:43 | Report Abuse

Susah sikit la ini macam

Posted by ThePowerOfGlove > 2020-09-20 06:43 | Report Abuse

Investors lari oh

Posted by ThePowerOfGlove > 2020-09-20 06:44 | Report Abuse

Better start improving la

Posted by ThePowerOfGlove > 2020-09-20 06:44 | Report Abuse

Good luck

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-09-20 17:56 | Report Abuse

Vote PN for better development...
Yes, more $ for development, go to whose pocket doesn't matter as far as bursa all the way to 2800. Lol.

ubaL taM

120 posts

Posted by ubaL taM > 2020-09-20 22:46 | Report Abuse

ISKANDAR_nasi_KANDAR

Posted by damiantreez > 2020-09-21 09:54 | Report Abuse

will go down to 57 sen first before shoot back up

dompeilee

11,888 posts

Posted by dompeilee > 2020-09-21 16:22 | Report Abuse

Lim Kang Koo stock dangerous...better to get out while it's still in downtrend lol

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2020-09-21 19:07 | Report Abuse

Still very strong support. Unlikely like mui property price. Anyway, just goreng to survive.

dompeilee

11,888 posts

Posted by dompeilee > 2020-09-22 09:07 | Report Abuse

Hah....he's like Lim(ockThay now...overstretched & overburdened by DEBT!

khpwwl

3,477 posts

Posted by khpwwl > 2020-09-22 15:07 | Report Abuse

aiyoyo....below 0.595....

BladeGuard

1,464 posts

Posted by BladeGuard > 2020-09-22 19:30 | Report Abuse

aiyoyoyoyooyoy still dropping ka

tkl88

8,712 posts

Posted by tkl88 > 2020-09-22 20:57 | Report Abuse

Bandar Malaysia to start with over 12 world-class towers worth RM10 billion in 2021
By Sharen Kaur
September 22, 2020 @ 10:40am

https://www.google.com.my/amp/s/www.nst.com.my/amp/property/2020/09/626299/bandar-malaysia-start-over-12-world-class-towers-worth-rm10-billion-2021

The developers for Bandar Malaysia said they will build more than 12 world-class towers with a gross floor area of over 12 million square feet in Phase 1 of South East Asia's largest development project.
Construction will commence by June next year, reflecting their confidence that the development will spur the Malaysian economy and create hundreds of thousands of jobs, says Iskandar Waterfront Holdings Sdn Bhd (IWH) executive chairman Tan Sri Lim Kang Hoo.

Lim, in an interview with NST Property, said the first phase will see an estimated gross development value (GDV) of around RM10 billion.
He again dismissed notions that the mammoth project would add to the over-supply of residential and office space in the city.
"We have done our homework and property boom-and-bust is a cycle. Statistics show that when there is a bust, the recovery comes within three years and the boom lasts much, much longer.
"The boom sustains; the bust will overcome," Lim said, explaining why he was embarking on the project.
"I am a businessman and I wouldn't be doing this if I thought it would not succeed," he said.

Lim said with the master plan that they have put in place when the first phase is completed in four years after starting work, multinational companies and financial institutions can either lease or buy properties at prices considerably lower than other CBDs (central business districts) in neighbouring countries.
Phase 1 will kick-off with infrastructure development involving the building of several roads and highways, as well as installing power and water supply, costing several hundred million ringgit.
Lim said that IWH-CREC Sdn Bhd (JVCo) will invite qualified investors, developers, consultants, and contractors, both local and overseas, to submit proposals to participate in the development.
"We are doing a pre-qualification for all international and local firms, including Bumiputera companies to be registered for participation in this project. We will select the best," he said.
In the first phase, there will be several Grade A office towers, hotels, serviced apartments, and luxury residences, developed across 20.23ha over four years.

tkl88

8,712 posts

Posted by tkl88 > 2020-09-22 20:59 | Report Abuse

Property overhang to be resolved
Lim said the Bandar Malaysia project will help to dramatically ease the current overhang in the property market by creating hundreds of thousands of job opportunities and economic spillovers across major industries.
"I disagree with those who say that the Bandar Malaysia project will further worsen the oversupply of properties in Kuala Lumpur.
"Thousands of people, including expatriates, will be working on this project in the next four to five years. They will require office space, and a home to stay and they will be looking at the KLCC area as Bandar Malaysia is not too far off from there.
"As a start, it can be expected that property prices and rents in the KLCC area will increase," he said.
Lim reiterated that when he launched Danga Bay in Johor Bahru 23 years ago, many had expressed similar negative views, given that Johor was one of the worst affected states by the Asian financial crisis.
"Look at Johor Bahru today," he said.
"There are many activities in Johor Bharu today and most shops and offices are occupied."
Lim argued that the situation in the country and in Johor will improve despite the current slow economy, partly because of the Johor Bahru–Singapore Rapid Transit System (RTS). The RST will further enhance the connectivity between Johor Bharu and Singapore.
"We can expect more Singaporeans coming to Johor Bahru to look for a place to stay as the properties are three times cheaper than in their home country. In the future, we may also see a lot of Singapore-based companies setting up offices in Johor Bahru to take advantage of the tax incentives and the lower cost of operation," Lim said.

Prime national development to boost the local economy
Lim said that Bandar Malaysia, a prime national economic project will resuscitate and jump-start the Malaysian economy.
"Malaysia needs such a large scale project to prime pump the economy. A project of this nature will attract foreign direct investments (FDIs) and that is what we are aiming for. With FDIs, there will be economic benefits and spillover effects across the various industries and a lot of Malaysian companies are going to benefit, including Bumiputera firms.
"We need a massive project like Bandar Malaysia to attract FDIs and talent from around the world and reduce the glut in the property market. There must be large scale economic activities and the project itself must be attractive in terms of its product offerings. We are building a smart, intelligent city...a new CBD," Lim said.
Bandar Malaysia is located at the site of the former Royal Malaysian Air Force base in Sungai Besi. It will be developed across 194.5ha and will be the single largest city development project in South-East Asia.
Based on international real estate consultants' estimates, the GDV of the Bandar Malaysia project is estimated to be over RM200 billion; the Ministry of Finance Incorporated (MOF Inc) had earlier in December 2019 estimated an RM140 billion GDV for the project.
The master developer of the project is IWH-CREC, which holds 60 per cent in Bandar Malaysia Sdn Bhd while the government holds the other 40 per cent through the Ministry of Finance Incorporated's (MOF Inc) wholly-owned subsidiary TRX City (TRXC) Sdn Bhd.
IWH-CREC is a joint venture (JVCo) between IWH and China's state-owned enterprise China Railway Engineering Corp (CREC). IWH holds a 60 per cent stake while the remaining 40 per cent is owned by CREC. However, they both share 50:50 in economic benefits.
Lim is a common shareholder of Ekovest Bhd and IWH. He holds 63 per cent in IWH through his private vehicle Credence Resources Sdn Bhd.
The Johor government holds the remaining 37 per cent in IWH, through Kumpulan Prasarana Rakyat Johor Sdn Bhd.
IWH-CREC tendered for the project, which attracted around 40 bidders, at RM12.35 billion, and its 60 per cent stake works out to RM7.41 billion.
Ekovest seeks to acquire 40 per cent of IWH's equity. Upon the successful completion of the strategic stake, Ekovest will own 12 per cent of Bandar Malaysia and its construction order book, currently at RM1 billion, will balloon multiple times over the 20 to 30 year period of the development.
The Main Market-listed group's property development division will also get a major boost.
Lim has said that IWH's offer to Ekovest is so that the latter can offer participation opportunities to all companies which he has investments in.

bahai4453

2,297 posts

Posted by bahai4453 > 2020-09-22 21:13 | Report Abuse

wah lao eh, so long story, very tire to read about the 12 towers and Botak Lim's talking cock story. Pls next time put in summary or point form.

freddiehero

16,722 posts

Posted by freddiehero > 2020-09-22 21:57 | Report Abuse

u r steady

aiaili

3,184 posts

Posted by aiaili > 2020-09-23 09:11 | Report Abuse

my 6sense told me today up...

aiaili

3,184 posts

Posted by aiaili > 2020-09-23 09:11 | Report Abuse

lol..

roger3210

5,149 posts

Posted by roger3210 > 2020-09-23 10:23 | Report Abuse

ur 6sense is rubbish

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