Posted by jackson88 > 2021-07-14 22:28 | Report Abuse

RM1.54billion refund of deposit to IWH & CREC. Suddenly, cash rich for them.

Posted by unomi12 > 2021-07-14 22:34 | Report Abuse

"Investment analysts said this could be a stroke of luck for IWH to exit the deal given the Covid-19 pandemic, the gestation period for the mega development is even longer.

A source familiar with the deal commented that the Covid-19 pandemic has changed the real estate market tremendously. It is a totally different scenario now compared with when the deal was struck, in terms of office space demand."

https://www.theedgemarkets.com/article/iwhcrecs-rm74-billion-deal-buy-60-stake-bandar-malaysia-falls-through?type=malaysia

From my perspective , this is a good move for IWH , keep the cash first to seek better opportunity.
Currently having BM is a big black hole, despite so many SME business is closing down.

From the termination, there is no penalty issued to IWH-CREC. Nobody know this covid will last how long.

Perhaps with this cash they can venture to other prominent business, like what they initially invested in PLS plantation

Posted by MrLuck > 2021-07-14 22:36 | Report Abuse

Jackpot for Iwcity...LU

Posted by jackson88 > 2021-07-14 22:41 | Report Abuse

My guess is that IWH may take IWCity private with the excess cash. They now have RM1.54billion refund to IWH and CREC.

Posted by jackson88 > 2021-07-14 22:58 | Report Abuse

IWH will have 50% of the RM1.54billion refund from MOF. That’s RM777 million. They just can’t park the money in the company. IWH is almost debt free. Very likely they will invest the money. My guess is they will take IWCity private at current low price of 1/3 of NAV.

Posted by monetary > 2021-07-15 07:32 | Report Abuse

Hi. IWCITY paid the sum of money they should have recoded in its balance sheet. I can't find where it's recorded. Can anyone enlighten me?

Posted by jackson88 > 2021-07-15 07:33 | Report Abuse

IWCity got about 800 acres of land in Johor Bahru Tebrau. At market capitalization of RM350mil now, it means the value of the land is appx RM10psf.
That’s way below market price of RM150psf in JB now.

Posted by MrsLee > 2021-07-15 07:34 | Report Abuse

Still have hope???

Posted by jackson88 > 2021-07-15 07:36 | Report Abuse

IWH will get 50% of the RM1.54bil refund. My guess is they may take IWCity private with that refunds.

Posted by jackson88 > 2021-07-15 13:56 | Report Abuse

IWH CREC to receive refund of RM1.54billion

https://www.thestar.com.my/business/business-news/2021/07/15/iwh-crec-to-receive-refund-of-rm154b

Posted by kevinobc > 2021-07-15 17:00 | Report Abuse

https://www.channelnewsasia.com/news/business/malaysia-china-railway-bandar-project-iskandar-waterfront-cancel-15224636

Posted by tamp0i > 2021-07-15 20:11 | Report Abuse

Political instability + pandemic = downtrend... I believe, one day it will wake

Posted by SJSOON > 2021-07-15 22:05 | Report Abuse

Habis…GG

Posted by jackson88 > 2021-07-16 09:16 | Report Abuse

IWH going to get RM1.54bil refund from Govt for Bandar Malaysia termination. Cash is King now.

Posted by aiaili > 2021-07-18 02:58 | Report Abuse

the regulation is you throw i buy lol..

Posted by aiaili > 2021-07-18 02:58 | Report Abuse

uncle says forget the BM, just hold it tight..

Posted by aiaili > 2021-07-18 03:00 | Report Abuse

remember last 2 years we were hand in hand together to wait summer christmas. btw now is the right time again for us to hand in hand together to wait this HAPPY JULY

Posted by aiaili > 2021-07-23 16:05 | Report Abuse

oh yes..

Posted by aiaili > 2021-07-23 16:05 | Report Abuse

our happy July is coming...

Posted by khpwwl > 2021-07-28 12:55 | Report Abuse

everyday also hold tight tight....from last year til now....hahaha...ask you uncle to buy whole iwcity company lah...then both of you can hold tight tight

Posted by aiaili > 2021-07-30 10:30 | Report Abuse

don't forget, today is the last trading day of July

Posted by dompeilee > 2021-07-30 11:30 | Report Abuse

Speculatively bought IWCity @ 38 this morning

Posted by aiaili > 2021-08-06 08:30 | Report Abuse

hi my dear comrades, uncle says maybe we will get a surprise Flyday lol..

Posted by Uz2015 > 2021-08-06 21:15 | Report Abuse

No surprise

Posted by MrsLee > 2021-08-06 21:43 | Report Abuse

When will fly?

Posted by Akukakijudi > 2021-08-10 21:15 | Report Abuse

Ailili u and ur uncle stories still here ka?

Posted by Bgt 9963 > 2021-08-11 08:46 |

Post removed.Why?

Posted by CUTLOST > 2021-08-12 15:19 | Report Abuse

Bought some 1000lot..hope will shining later

Posted by bullmarket1628 > 2021-08-15 16:56 | Report Abuse

Yes, backdoor PM will resign on Monday !
So, the new government will bring new
hope and new confident to all the local & foreign
investors enter into our market !

So, I think started from tommorrow, KLSE will have a big
uptrend toward 1,800 to 2,000 pts !

Iwcity tommorrow will spike to above 0.45 and
T.p by end of Aug 2021=> break above 0.60
T.p by end of Dec 2021=> break above RM1.00
T.p by end of Mar 2022=> break above RM2.00
T.p by end of Jun 2022=> break above RM3.00

Posted by bullmarket1628 > 2021-08-15 16:59 | Report Abuse

首相宣布1】首阶复苏区 11经济活动明起复工
2021年08月15日

吉隆坡15日讯）周一（16日）开始，在第一阶段国家复苏计划区的11项经济活动获准重新开放营业！

首相丹斯里慕尤丁发文告指出，由于意识到经济领域迟迟不开放将影响私人界及员工生计，因此政府同意从 8 月 16 日（周一）开始，让11项经济活动重新复工。

获准复工的经济活动及领域计有:
1. 洗车店
2. 电器和电子商店
3. 存放家居用品和厨具
4. 家具店
5. 运动器材专卖店
6. 汽车配件店
7. 汽车配送销售中心
8. 仅限早市和农贸市场
9. 服装、时装和配饰店
10. 珠宝店
11. 理发店和美容中心/沙龙（基本理发服务只要）

不过，他指出，有关宣布仅落实在成人疫苗接种率达50%的州属，而想要享有这些方便的人也必须得完成两剂疫苗的注射。期间，他就以巴生谷为例指出， 该区18岁以上的接种率已经达到64.7%， 因此可以获准重启11项经济活动。

他表示，届时，民众得出示数字证书，证明自己已经完成接种2剂疫苗。

“我再次提醒，完全接种的意思是注射第二剂双剂型疫苗后的 14 天，而单剂疫苗则是 28 天后才算完成。”

他也说，进一步详细指南，他将会在近期宣布。


## https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E3%80%90%E9%A6%96%E7%9B%B8%E5%AE%A3%E5%B8%831%E3%80%91%E9%A6%96%E9%98%B6%E5%A4%8D%E8%8B%8F%E5%8C%BA-11%E7%BB%8F%E6%B5%8E%E6%B4%BB%E5%8A%A8%E6%98%8E%E8%B5%B7%E5%A4%8D%E5%B7%A5

Posted by bullmarket1628 > 2021-08-15 17:01 | Report Abuse

Superb, almost all the economy is re-open for start business started from tommorrow, Monday, 16-8-2021 !
KLSE really will started booming tommorrow onwards !

Huat ah, Heng ah, Ong ah !

Posted by tamp0i > 2021-08-23 00:04 | Report Abuse

Hoot9e lor... This price once in 10 years, you will never get again...

Posted by bullmarket1628 > 2021-08-24 13:28 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-24 13:41 | Report Abuse

CUTLOST, why sold it so early ?

Now vaccination rate is up (almost above 50%) and
Covid-19 case is down sharply after more than one & half years pandemic ...
And pandemic is going to be over , business now is started to re-open and oil price is going up and our economy is started to getting prosperous hence our stock market definitely will be shooting up crazily to break above 1,800 to 2,000 points !
I strongly believe that IWCity definitely will be spike up to above RM1.00 in soonest of time !

Huat ah, Heng ah, Ong ah !

Posted by bullmarket1628 > 2021-08-24 14:53 |

Post removed.Why?

Posted by CUTLOST > 2021-08-27 09:24 | Report Abuse

Tq Bossku..

Posted by FaridIsland > 2021-08-29 11:47 | Report Abuse

Hodl....more thn 50sen..baru jual

Posted by ocbc > 2021-09-02 16:38 | Report Abuse

One of the stock selling at lelong price now, keep it and able to sleep well type.

When cash is trash, this is the value for money stock. Longer u hold, higher the internal value (NTA). Cheers !!

Posted by tamp0i > 2021-09-07 10:43 | Report Abuse

Do not sleep on this one... Momentum come

Posted by ocbc > 2021-09-07 11:11 | Report Abuse

Buy and sleep well and wake up suddenly limit up. : )

Posted by FaridIsland > 2021-09-07 17:00 | Report Abuse

Common iwcity....wake up!...besi kasi pacak tinggi2 sampai bulan!

Posted by bullmarket1628 > 2021-09-26 15:53 | Report Abuse

泰2022或全面开放 打两针免隔离.
就等大马亮绿灯
独家报道: 王义展
攝影: 陈友晋

https://www.kwongwah.com.my/20210917/泰2022或全面开放-打两针免隔离·就等大马亮绿灯/

Posted by aiaili > 2021-09-23 22:14 | Report Abuse

hi guys, pls stay tuned and fasten your seatbelt..
btw iwct will bring you all an unexpected surprise on next week. surprise..just had a dinner with uncle lol..

Posted by Shines > 2021-09-21 13:24 | Report Abuse

Aiyeo, week after week holding tight tight and waiting. Hand also pain holding.

Posted by Karma4444 > 2021-09-24 07:57 | Report Abuse

Iwcity is evergrande in malaysia

Posted by Bgt 9963 > 2021-09-24 08:56 | Report Abuse

M2H....goner..

Posted by aiaili > 2021-09-24 23:50 | Report Abuse

ci bai iwct because trust you....make me lose my all panties....

Posted by aiaili > 2021-09-26 16:38 | Report Abuse

btw i have checked to my uncle say month end or early oct, anyway very soon will hit 50cts for iwct lol..
remember buy at ur own risk and ur able budget!!!

Posted by aiaili > 2021-09-26 16:55 | Report Abuse

last week no move because of out source, uncle said..

Posted by Neutral > 2021-09-26 17:23 | Report Abuse

no more panties to wear lol. get disposable ones la lol