Posted by Icon8888 > 2014-02-24 12:08 | Report Abuse

I sold all my warrants on Friday and swap into ordinary shares. In essence, I now own 50% of the original units (two warrants swapped into one mother share). By holding on to mother share, I hope to enjoy dividend. But of course if warrants run, I will not be able to benefit that much

Posted by Icon8888 > 2014-02-24 12:10 | Report Abuse

I old already. No appetite for too much risk.

Posted by tkg8 > 2014-02-24 12:25 | Report Abuse

Icon, in fact you may have done the right decision. I would also cash out when the price hit 0.85. Nevertheless, i would not jump boat to mother shares as i had bought some since 2011...I would keep my eyes on some other counters...Good luck to you!

Posted by tonylim > 2014-02-24 12:25 | Report Abuse

40 old?

Posted by tkg8 > 2014-02-24 12:33 | Report Abuse

Haha, 40 is just another start of new era!

Posted by Icon8888 > 2014-02-24 12:40 | Report Abuse

I retired already lah

Posted by Icon8888 > 2014-02-24 12:41 | Report Abuse

My son getting married next year. Need to preserve cash

Posted by Icon8888 > 2014-02-24 12:41 | Report Abuse

How I wish I am 40...

Posted by tonylim > 2014-02-24 12:43 | Report Abuse

You mentioned still got mortgage. Wa lao. Sun kau fu

Posted by Icon8888 > 2014-02-24 13:08 | Report Abuse

Ha ha tonylim you can remember my mortgage, I am inpressed

Posted by tkg8 > 2014-02-24 13:37 | Report Abuse

Well, Icon, so i suppose have accumulated plenty of experiences from Bursa which good for beginner like me to emulate!

Posted by Icon8888 > 2014-02-24 13:46 | Report Abuse

tkg8 I am trying to learn from OTB how to do TA. Might attend his 15 March talk

Posted by keith94 > 2014-02-24 15:58 | Report Abuse

price dropping. should i be worried?

Posted by Lollipot Anison > 2014-02-24 16:03 | Report Abuse

you should only worry if you play contra.
else nth to worry bout

Posted by nch218 > 2014-02-24 16:10 | Report Abuse

今年，辟捷控股（PJDEV，1945，主板产业股）得新任主席丹斯里黄宗华（金融界精明企业家）如虎添翼，业务登上新高峰指日可待。
辟捷控股已经拥有逾50年的历史，它成功完成许多着名和口碑极佳的的计划，包括吉隆坡市的D’Majestic、蕉赖的YouCity、USJ的You One、柔佛州的You Terrace、槟城的Wellesley Residences以及关丹Sand Series的Swiss-Garden Residences。
辟捷控股从事五大业务，皆经营有方，年年赚钱。
1.产业发展———加速成长
它有数十年经验，今日是着名产业发展商，有望于明年挤入我国十大产业公司之列。目前，它的发展计划庞大。
（A）巴生谷蕉赖，20.6英亩，永久地契。
此地点极近捷运站，计划兴建1400个单位服务公寓、办公楼、商业楼之综合城镇。前两年推展总值6亿4000万令吉首两期高楼计划（1090个单位），成绩极佳。
（B）巴生谷梳邦USJC，2.7英亩，永久地契。
此地区迅速发展，附近有轻快铁设施，前年推介总值2亿1000万令吉公寓，SOHO商业高楼（470个单位），反应热烈。
（C）富都监狱和敦拉萨交通枢纽间之中央商务区，0.51英亩，永久地契。
它于前年推展总值1亿7000万令吉公寓高楼，吸引很多国内外买家。
（D）槟城北海城镇（Bandar Butterworth）16.3英亩，永久地契。
由于地点好，前期公寓售完，将推出另一栋总值1亿4000万令吉服务公寓高楼。
（E）新山古来，30英亩，永久地契。
前期排屋计划售完，将发展83间围篱保安住宅。
（F）关丹Sg.Karang，22英亩，永久地契。
此地近海边着名渡假村，正兴建服务公寓、别墅、商业亭，总值9200万令吉，首期售出70%单位。
（G）吉隆坡巴都区10.23英亩，永久地契。
此地近Sri Hartamas高档区，将发展高级公寓（出售中）。
（H）云顶高原，将发展923个服务公寓单位与酒店。
（I）关丹柏诺（Penor）区，1007英亩，将发展一座新城镇。
由于地点优越，销售成绩辉煌，未入账销售额近8亿令吉，将在未来两年为公司盈利作出巨大贡献。
2.酒店与休闲———佳音频传
此业务包括吉隆坡Swiss Inn酒店、Swiss Garden高尔夫度假胜地，Damai Laut、关丹Swiss Garden度假胜地、马六甲Swiss Garden酒店，酒店管理与时光分享业务。
无论是酒店入住率、营业额与盈利，过去两年都创新高，今年将取得双位数成长。
3.电缆———保持强劲
它生产具有防火性能电缆，国内蓬勃建筑活动制造强大需求，它在越南的工厂已在去年投入生产，品牌日益被接受，销量持续增长。今年，它仍有强劲之盈利表现。
4.建材与贸易———依然良好
它生产溷凝墙板与销售普通建材，由于国内外需求保持强大，预期可提高销售额与盈利。
5.建筑———大有进步
由于国内私人与政府领域的建筑活动增加，它取得更多订单，今年盈利势必提高。

未来盈利有成长
在2013年6月财报中，董事主席乐观的评语，预示公司将有高成长。果然，2014年6月财政年首季每股盈利已有6.7仙，整年估计可达20至25仙，比去年13.4仙成长了50至86%（不包括特殊盈利）。
股息有望增加
目前，公司净借贷1亿9700万令吉。当它以2亿2000万令吉售辟捷大厦，以1亿8600万令吉卖吉隆坡地皮和以1亿2400万令吉买八打灵地皮全部完成后，将无债一身轻，还有几千万令吉净现金。
即使不景气，即使借贷高，公司不忘股东利益，10年来不停派息（过去4年皆5仙）。今年，公司将变成净现金公司，加上盈利大增，派较高股息的机率相当高。
在无重估产业与售产业盈利入账之下，公司每股净有形资产是2令吉51仙，储备金达6亿8400万令吉。
由于超过15年不曾送红股，今年业绩又大唱丰收，因此分红股回报股东之日理应不会太远。
今年企业活动精彩
（一）完成以2亿2200万令吉售辟捷大厦，净利1亿零100万令吉。
（二）完成以1亿8600万令吉卖首都地皮，净利5300万令吉。之后，买下新公司30%股权，参与产业发展计划（中国财团持70%股权）。
（三）完成以1亿2400万令吉买6英亩地皮，进军八打灵旺区之零售与服务公寓产业市场。
（四）辟捷控股与OSK产业合并（市场传言）。根据交易所的最新资料显示，丹斯里黄宗华及家族分别拥有辟捷控股的约31%股权以及侨丰产业的73%股权。
（五）子公司OlympiaCable上市马交所（2009年建议）。
总结
新领导创高峰
辟捷在高界扎根强稳。踏入马年，在企业精英黄宗华领航下，辟捷的商业运程，势如脱缰野马，奔驰万里。

http://www.nanyang.com/node/601934?tid=687

Finally got news cover PJD...

Posted by Icon8888 > 2014-02-24 16:15 | Report Abuse

no wonder there is a spike in share price this morning...

Posted by keith94 > 2014-02-24 16:17 | Report Abuse

Can someone explain what the
article is about?

Posted by Icon8888 > 2014-02-24 16:21 | Report Abuse

it spelt out the details of PJDev's property projects (mostly favorable), and said PJDev recently sold few pieces of land, so turning into a net cash balance sheet. As such, chances they wll pay higher dividend. PER is low, potenitial M&A with OSk... all the bullish staffs to make people excited...

Posted by sephiroth > 2014-02-24 16:24 | Report Abuse

nice nice, tomorrow tambah again at 70 n below

Posted by nch218 > 2014-02-24 16:26 | Report Abuse

Article indicated that NTA RM 2.51..possible bonus issue to reward shareholders...

Posted by LuckyStorm > 2014-02-24 16:39 | Report Abuse

The menara PJD is disposal on 31/12/2013 and increase EPS for 22sen which should be included in last year Quarter report.
It is possible to recognise on next quarter report? If this coming quarter report doesnt include the profit from disposal, i believe we will have chance to collect more share below 70sen.
However, if the report already include the profit, i assume EPS will be around 30sen.Pjdev-wc will shoot up again... hopefully can hit my TP of RM1.

Posted by Firebird2 > 2014-02-24 16:43 | Report Abuse

Looking forward to 1.00

Posted by brendonyeap > 2014-02-24 16:44 | Report Abuse

thank god i didnt buy....waiting for it to go down further

Posted by LuckyStorm > 2014-02-24 16:53 | Report Abuse

kawan brendonyeap,
if later announce EPS 30sen. i think you will regret like me...haha.
i am waiting it go down since 53sen. but now 76sen already...
maybe tomorrow RM1. who knows?

Posted by Firebird2 > 2014-02-24 17:00 | Report Abuse

It has to take into account those figures from its disposal sooner or later. Lets figure out how and when to get into the action.

Posted by Icon8888 > 2014-02-24 17:03 | Report Abuse

lets wait for 26 feb....

Posted by LuckyStorm > 2014-02-24 17:08 | Report Abuse

凭单专栏：母股波幅低派息慷慨 辟捷控股-WC吸引力低
2013-03-11 13:05

辟捷控股（PJDev，1945，主板产业股）是在两年多前开始在大马交易所上市。

该凭单（PJDEV-WC）自从上市后，曾经在2011年初上升到40仙左右的水平。

辟捷控股母股是一项波幅比较低而且慷慨派息的股项，这也令到两年多前以接近30仙交易的凭单，如今在母股价基本保持不变的情况下回调了一半左右，使得一直持有凭单的朋友承受亏损。

PJDEV-WC在上周五的闭市价是14.5仙，而辟捷控股母股则以78.5仙结束交易。

辟捷控股的主要业务是产业发展、酒店管理、电缆制造等。

该公司在2012年12月结束的2013财政年首半年，取得2391万令吉的净盈利，比起一年前的2549万令吉盈利逊色。公司每股资产净值则上升至2.04令吉。

徘徊最低价位

辟捷控股过去几年都派发每股5仙的股息，以目前股价计算，股息的收益率高达6.4%，而对净资产的折价高达超过6成。

PJDEV-WC目前是在上市后的最低价位范围徘徊，虽然PJDEV-WC的估价已经比两年前低了不少，该凭单在母股波幅不大以及股息的因素之下，始终未能吸引投资者进场。

除非母股能够摆脱低波幅高息股的阴影，PJDEV-WC看来不是凭单投资者需要考虑的对象。
文：温世麟硕士

any comment? I have to say thank you to 温世麟硕士, because of this article i am able to collect more pjdev on that time. within one year, more than 500% return.

Posted by LuckyStorm > 2014-02-24 17:09 | Report Abuse

sorry, is 400% return since the article post out.

Posted by Icon8888 > 2014-02-24 17:32 | Report Abuse

Ha ha on hind sight, mr wen is silly to be not excited about a 10 year warrant trading at 14.5 sen. The mother share at low PER

Posted by jayz89 > 2014-02-24 17:52 | Report Abuse

For those who sold your share today and to those wish to collect it at lower price, too bad to you all. Today was just a strategy to kick off those who wish to take profit. Those who keep your shares, tomorrow is your day!

Announcement will be out TODAY!

Posted by nch218 > 2014-02-24 17:53 | Report Abuse

look like jazy89 work with PJD...internal staff...

Posted by Icon8888 > 2014-02-24 18:05 | Report Abuse

Results is out. EPS of 5.5 sen

Posted by jayz89 > 2014-02-24 18:06 | Report Abuse

unfortunately I'm not.

Posted by jayz89 > 2014-02-24 18:06 | Report Abuse

result was out

Posted by Icon8888 > 2014-02-24 18:06 | Report Abuse

Let's see what happened tomorrow

Posted by Icon8888 > 2014-02-24 18:20 | Report Abuse

i will do a detailed analysis of the result tonight. Stay tuned

Posted by LuckyStorm > 2014-02-24 18:24 | Report Abuse

the disposal of menara PJD was not included in this Q2 report.
Q to Q profit increase around 50%
Y to Y profit increase more than 100%
hopefully tomorrow have durian collect!!

Posted by tkg8 > 2014-02-24 18:28 | Report Abuse

LuckyStorm, you meant 100% of Y to Y profit increase has not included the building disposal profit?

Posted by LuckyStorm > 2014-02-24 18:38 | Report Abuse

yes.havent include disposal of building.
FY2012 6months EPS is 5.25sen compare to FY2013 6months EPS 12.21sen
FY2013 Q1 EPS 6.71sen , Q2 EPS 5.5sen

Posted by wchooi87 > 2014-02-24 18:42 | Report Abuse

where can view the report?

Posted by tkg8 > 2014-02-24 18:45 | Report Abuse

Thanks LuckyStorm

Posted by Firebird2 > 2014-02-24 18:45 | Report Abuse

Congrats luckystorm, icon. We shall see a storm tmr.

Posted by tkg8 > 2014-02-24 18:53 | Report Abuse

wchooi87, here is the link which you can have a glimpse: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1546601

Posted by wchooi87 > 2014-02-24 18:57 | Report Abuse

thanks, tkg8!

Posted by Icon8888 > 2014-02-24 19:50 | Report Abuse

Ladies and gentlemen, as promised, the following are the analysis for PJDev's latest quarterly result. I have only compared Q-o-Q (ignore y-o-y, as I don't think it is relevant to the sentiment now)

(a) Q2 property division net profit RM9.8m, slightly lower than Q1 net profit of RM11.98m

(b) Q2 construction division net profit RM2.74m, slightly higher than Q1 net profit of RM2.36m

(c) Q2 cable division net profit RM4.9m, slightly lower than Q1 net profit of RM5.3m

(d) Q2 building material division net profit RM2.8m, slightly higher than Q1 net profit of RM1.5m

(e) Q2 hotel division net profit RM5.1m, slightly higher than Q1 net profit of RM4.6m

(f) Q2 investment holding division net loss of -RM0.1m, lower than Q1 net profit of RM4.9m (Q1 includes gain on disposal of RM9.4m)

Observations :

(1) Q2 net profit of RM24.9m (EPS 5.5 sen) is lower than Q1 net profit of RM30.4m (6.4 sen). However, this is because Q1 included an exceptional item of RM9.4m (gain on disposal). Exclude that gain, Q2 and Q1 net profit is almost the same

(2) almost all divisions perform more or less the same as Q1

(3) Q2 net profit of RM25m (5.5 sen EPS) seemed to reflect the sustainable profit of PJDEV (as no exceptional item at all). If annualised, EPS = 22 sen. Based on RM1.56, PER now is 7 times.

Personally, I don't think the current price is overvalued. Given some time, I think this company should at least trade at 10 times PER (RM2.20), especially if you factor in the strong balance sheet and the capacity to pay out higher dividend (as compared to 5 sen in the past few years).

However, due to the run up over past few weeks, share price might take a breather, before scaling new height.

Lets see what happen tomorrow.

Have a nice evening

Posted by Ooi Teik Bee > 2014-02-24 19:57 |

Post removed.Why?

Posted by Lollipot Anison > 2014-02-24 19:58 | Report Abuse

Hi Mr Ooi.

Based on your TA. which price is the right price to enter during correction?

70cents?

Posted by Ooi Teik Bee > 2014-02-24 20:05 | Report Abuse

Hi Mr Ooi.

Based on your TA. which price is the right price to enter during correction?

Ans : 0.67 to 0.70 if there is a major correction. Hopefully, you can get it when everyone is fearful. Final decision is yours.
Thank you.

Posted by Terry Ang > 2014-02-24 20:34 | Report Abuse

Thanks Mr Ooi and Icon8888.

Posted by bernard6key > 2014-02-24 21:59 | Report Abuse

Mr Ooi,

What about IQgroup??