Posted by sephiroth > 2014-01-04 10:20 | Report Abuse

10. PJ Development Holdings Bhd

AFTER launching a takeover on OSK Ventures International Bhd, people are interested to know what shrewd businessman Tan Sri Ong Leong Huat is up to next.

He emerged in PJD as a substantial shareholder last November and was subsequently appointed non-independent and non-executive chairman on Dec 23.

He is also the managing director and chief executive officer at OSK Property Holdings Bhd. Ong has a 21.4% stake in PJD while he owns 57.8% of the latter.

Following the divestment of OSK Investment Bank Bhd to RHB Capital Bhd, the seasoned stockbroker had expressed OSK Holdings Bhd’s focus on property, among others, to develop the land next to OSK Plaza with a gross development value of RM1bil.

“Due to the lukewarm sentiment in the property market now, it could be a good time for him to carry out a merger and acquisition or some form of restructuring among the entities he own,” observers say.

PJD’s net asset per share was RM2.17 as of Sept 30, 2013, implying a discount of 38% compared to its share price.

Recently, the property player announced the sale of Menara PJD along Jalan Tun Razak, which will see it bag RM101mil that translates into earnings per share of 22 sen.

Catalysts

– Possible merger and acquisition play.

– Disposal of Menara PJD that translates into EPS of 22 sen.

– Discount of 38% to net asset per share.

Risk

– Slowdown in property market.

- By Ng Bei Shan

Posted by Tommylim > 2014-01-04 11:34 | Report Abuse

Sepiroth, thank you for your chhb feedback. My remisier and Tan Sri Ong are same church members. Merger is definately on before Tan Sri embark to build more hotels compare to resindential properties. Many may not know Tan Sri Ong has many hotels in Malaysia that provide recurring incomes. I am amateur in stock market, i hope Sepiroth and others provide feedbacks? Thank you.

Posted by Icon8888 > 2014-01-04 21:49 | Report Abuse

Everybody is writing about pj dev : star, edge, Chinese weekly, wow. Really going to take off

Posted by Muda Fadli > 2014-01-05 10:09 | Report Abuse

Ok, Isnin ni tambah lagi everaging

Posted by skyhawk > 2014-01-05 14:41 | Report Abuse

Going in on Monday for a fast trade if price open above 1.35...setting my tight cut loss at..1.30

Posted by didi7349 > 2014-01-05 16:30 | Report Abuse

But kind of weird no investment write about it......

Posted by didi7349 > 2014-01-05 16:30 | Report Abuse

No investment bank write about it

Posted by lohman > 2014-01-06 10:11 | Report Abuse

why not do own homework instead of relying on investment house coverage? by the time it gets house exposure, pjd's valuations may be a little too rich for the savvy investor. spot the hidden gem early, not buy the polished jewel.

Posted by carson > 2014-01-06 10:57 | Report Abuse

wc, not bad 2.5cts up at 3000lots done, ikely a little more upside comes 12noon , good lucks to all

Posted by carson > 2014-01-06 11:24 | Report Abuse

what i saw was they cant suppress the uptrend , too many buyers coming in and i think todays closing should be 45 and above, more excitment comes in at tomorrow .

Posted by sephiroth > 2014-01-06 11:31 | Report Abuse

carson, those WC sellers born in the year of chicken will soon realise they left their golden eggs behind

Posted by Icon8888 > 2014-01-06 13:31 | Report Abuse

I have upgraded my target price for wc to 80 sen (from 60 sen)

Posted by carson > 2014-01-06 18:34 | Report Abuse

sephiroth, you are right , sad story leaving golden eggs behind

Posted by nemesis > 2014-01-06 19:37 | Report Abuse

Hopefullyy Pjdev can rise above 2.00...

Posted by lry01 > 2014-01-06 21:28 | Report Abuse

good reasons to buy Pjdev
http://182winpower.blogspot.com/2014/01/pjdev-wc-it-is-time-to-shine.html

Posted by carson > 2014-01-06 21:42 | Report Abuse

the stated tp for wc, in the above article looks realistic and i refuse not to believe in it, if osk take over pjd and they go ahead with the 1b project, these double + news will push shares prices up to a respectable high level.

Posted by bone > 2014-01-07 10:54 | Report Abuse

slowdown

Posted by carson > 2014-01-08 09:22 | Report Abuse

today is t4, performing well today means analysis tp 2 is achievable

Posted by carson > 2014-01-08 09:32 | Report Abuse

wc at 43.5cts , sold out

Posted by Tom > 2014-01-08 17:33 | Report Abuse

Mana ada, 43 sen masih ada hoh?

Posted by Tom > 2014-01-08 17:34 | Report Abuse

Today IRIS lagi kuat

Posted by Icon8888 > 2014-01-09 09:45 | Report Abuse

wc 44

Posted by sephiroth > 2014-01-09 09:50 | Report Abuse

at 0.44, premium is only 5.88%, compare to mind boggling premium of 40.29% for symlife-wb which also expire end 2020

Posted by Icon8888 > 2014-01-09 09:57 | Report Abuse

sephiroth what is your target price for wc ?

Posted by sephiroth > 2014-01-09 09:58 | Report Abuse

60-70

Posted by Icon8888 > 2014-01-09 10:01 | Report Abuse

achievable within 3 months

Posted by carson > 2014-01-09 20:26 | Report Abuse

i believe mom share can reach rm2 within this year and therefore wc will be rm1 +20% premium= 1.20

Posted by nemesis > 2014-01-09 23:05 | Report Abuse

tat rubbish Iris stock oso can rise tat much...Full of high borrowings and high P/E too...NTA just at 0.26 with low profits also can rise to 0.40...really bursa is a real gambling table...i am speechless...

Posted by tjhldg > 2014-01-10 00:57 | Report Abuse

no win no lose

Posted by faberlicious > 2014-01-10 10:06 | Report Abuse

seph,warrant@0.46.

Posted by sephiroth > 2014-01-10 10:06 | Report Abuse

fab, wat yr tp? mine 60-70

Posted by Icon8888 > 2014-01-10 10:09 | Report Abuse

up up up !!!!!

Posted by faberlicious > 2014-01-10 10:15 | Report Abuse

seph,my tp 60 sen

Posted by bone > 2014-01-10 10:25 | Report Abuse

I target 300% from my buy in price

Posted by nskim0909 > 2014-01-10 10:34 | Report Abuse

nemesis ...hahaha u din see genting until today also cannot bankrupt.....that y lo...

Posted by jasonj > 2014-01-10 11:49 | Report Abuse

Buy wc .lagi untung

Posted by balvin71 > 2014-01-10 13:09 | Report Abuse

Hoping to see another record close. Need to revise my tp upwards. Initially had it at 1.60, now hope to all of you at 2.00

Posted by promaxsam > 2014-01-10 13:49 | Report Abuse

if mother go rm 2 , warrant is 1.05(5%premium) x rm2=2.10-rm1(conversion)=rm 1.10(warrant price)

Posted by promaxsam > 2014-01-10 13:50 | Report Abuse

warrant still can gain more than 100% , happy invest

Posted by Aheng > 2014-01-10 14:36 | Report Abuse

I sold the mother shares (@RM1.1) & doubled my investment in WC (average @32Sen) last October. The results so far look good:)

On the other hand, I also sold Unisem and bought Unisem-WA last year but the results are totally different. While the mother shares are moving up, the warrants are not moving :(. Hopefully. Unisem-WA is my next golden-egg laying goose !

Posted by Icon8888 > 2014-01-10 15:00 | Report Abuse

49

Posted by Icon8888 > 2014-01-10 15:01 | Report Abuse

today can touch 50?

Posted by lry01 > 2014-01-10 19:27 | Report Abuse

good catch up! I agreed with Sephiroth 's catalysts:

http://182winpower.blogspot.com/2014/01/do-you-want-50-gain-in-less-than-1.html

Catalysts

– Possible merger and acquisition play.

– Disposal of Menara PJD that translates into EPS of 22 sen.

– Discount of 38% to net asset per share.

Posted by carson > 2014-01-10 23:54 | Report Abuse

price gap up coming

Posted by Icon8888 > 2014-01-11 10:42 | Report Abuse

TP 80 sen for wc

Posted by NavinShah > 2014-01-11 11:54 | Report Abuse

RM2/- is sure as the sun must rise in the morning. Start buying before ist is too late.

Posted by Icon8888 > 2014-01-13 09:22 | Report Abuse

finally 50 sen

Posted by sephiroth > 2014-01-13 09:25 | Report Abuse

premium shd be 10% of 1.40, so pjd-wc shd be 54 sen NOT 50 sen

Posted by Icon8888 > 2014-01-13 09:31 | Report Abuse

mother share moving. Sign of buyer accumulating. Maybe it is an anlyst buying before releasing a bullish report for the stock

Posted by vincentt0001 > 2014-01-13 09:31 |

Post removed.Why?