Posted by socaisocai > 2014-10-09 17:48 | Report Abuse

Yala...ppl share their virew..follow or not follow is your responsibility ma...输打赢要 咩

Posted by micky92 > 2014-10-09 18:43 | Report Abuse

exciting news...

Posted by james70 > 2014-10-09 21:02 | Report Abuse

Highlight: PJ Development, OSK Property will merge soon, says Ong Leong Huat

Written by Liew Jia Teng of theedgemalaysia.com
Thursday, 09 October 2014 19:57

KUALA LUMPUR (Oct 9): Veteran stockbroker Tan Sri Ong Leong Huat is ready to merge PJ Development Holdings Bhd (PJD) and OSK Property Holdings Bhd in a move to create a first-tier property giant.

“We have that in mind. I think it will be quite soon. You will hear from me,” Ong told a news conference after PJD’s extraordinary general meeting here today. He opined that the consolidation of the property companies can create stronger financial power, higher efficiency and economy of scale.

Ong is the group managing director of OSK Property, as well as the non-executive chairman of PJD. He emerged as a substantial shareholder of PJD in November 2013 with a 21.31% stake, taking the place of older brother Wong Ah Chiew. He also controls 71.65% of OSK Property.

Ong also said PJD is expected to see a profit growth of 20% in the financial year ended June 30, 2015 (FY15), up from RM224 million in FY14. Earlier at the meeting, shareholders gave PJD the green light to acquire a freehold land measuring about 2.026ha in Southbank, Victoria, Australia from Dynasty Falls Pty Ltd for A$145 million cash.

Posted by matrix6050 > 2014-10-09 21:02 | Report Abuse

exciting news ..

Posted by Smart Stocks > 2014-10-10 00:44 | Report Abuse

Good to hear... Hope skyrocket tomorrow.

Posted by micky92 > 2014-10-10 05:46 | Report Abuse

Buy call for me despite down jones scare

Posted by gogorock > 2014-10-10 08:35 | Report Abuse

Ya , think is a good news for everybody here......should be sky rocket high from today....hopefully.

Posted by james70 > 2014-10-10 08:48 | Report Abuse

Published: Friday October 10, 2014 MYT 12:00:00 AM
Updated: Friday October 10, 2014 MYT 8:34:04 AM

PJD-OSK Property merger ‘quite soon’, no privatisation of merged company by wong wei-shen

“If you have two companies doing the same thing, and if it can be consolidated into a bigger entity, you can have more power, more efficiency, and more economies of scale,” Ong (pic forefront) said. “It is not our intention to privatise but rather to synergise.”

“If you have two companies doing the same thing, and if it can be consolidated into a bigger entity, you can have more power, more efficiency, and more economies of scale,” Ong (pic forefront) said. “It is not our intention to privatise but rather to synergise.”

KUALA LUMPUR: A merger and consolidation exercise between PJ Development Bhd (PJD) and OSK Property Holdings Bhd is expected to materialise soon.

Veteran stockbroker Tan Sri Ong Leong Huat said the exercise “will be quite soon”.

Ong is chairman of PJD as well as the managing director and chief executive officer of OSK Property.

He added that once consolidated, the entity would be able to do bigger things and deliver better results.

“If you have two companies doing the same thing, and if it can be consolidated into a bigger entity, you can have more power, more efficiency, and more economies of scale,” he told a press conference after PJD’s EGM yesterday. “It is not our intention to privatise but rather to synergise.”

The consolidation will result in the creation of a first-tier property developer.

“At the moment, we are second-tier developers, but combined, we will be a first-tier property developer,” he said.

‘First-tier’ constitutes a company with an annual turnover of RM3bil, Ong said.

Talks of the merger first surfaced when Ong emerged as the largest shareholder in PJD in November 2013. Ong has a 21.4% stake and 62.65% in PJD and OSK Property respectively.

Meanwhile, he expects PJD’s net profit to grow by 20% for the financial year ending June 30, 2015. “This will be backed by the advancement of certain projects, with the majority of it coming from YOU City @ Cheras, among others,” he said.

He added that PJD had RM1bil in unbilled sales, which would be realised within the next two years.

The company, with total gross development value (GDV) currently at between RM5bil and RM6bil, is expected to launch a few projects in Kuantan, Gohtong Jaya, as well as the third phase of YOU City in the next few months.

PJD has some 1,000 acres of landbank, which will be developed over the next five years.

“We have got enough for us to continue launching projects, while not being over burdened by landbanking costs,” said Ong.

Yesterday, PJD received unanimous shareholder approval to purchase about 2ha of freehold land in Melbourne, Australia for RM432.1mil, equivalent to RM21,307 per sq m. The land, which is its first major project overseas, has been earmarked as a mixed development with a GDV of between RM8bil and RM9bil, said Ong.

He added that the project would comprise residential blocks, office towers, a retail mall and a boutique hotel. He expected development works to commence late next year and be completed within five to seven years

Ong said once completed, PJD would retain some of the commercial units to generate recurring income for the group.

He said PJD would be funding the acquisition primarily via internally generated funds while the remainder would be through bank borrowings. Ong said that historically profit margins were much higher in Australia. “In Malaysia now, they are between 15% and 20%. Margins are much higher there,” he said.

He added the company would continue looking for opportunities around the region.

“The movement of people is very fluid these days. Businesses have to follow where the demand is. We want to go to areas where we can get better pricing and demand for our projects,” he said.

Posted by micky92 > 2014-10-10 10:27 | Report Abuse

Huat despite mkt very bad

Posted by kllow > 2014-10-10 10:56 | Report Abuse

KLCI chart looks very bad now :O(

Posted by kllow > 2014-10-10 11:04 | Report Abuse

Trading is based on chart (not on emotion or hope)

Posted by Ravi Kumar > 2014-10-10 12:14 | Report Abuse

Where is that idiot Optimus???

Posted by susuan > 2014-10-10 13:27 | Report Abuse

Why write about Censof, MEGB in PJDevW forum???

Posted by Ravi Kumar > 2014-10-10 13:51 | Report Abuse

OptiPUSS, come out of the woodwork??? Proven wrong again!!!!!!

Posted by damagpie > 2014-10-10 13:58 | Report Abuse

In a merger what is most likely scenario? PJD take over OSKP?

Posted by keelin > 2014-10-10 14:42 | Report Abuse

Yes, who take over who? This is main question.

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

In business world is small company can take over big company but in stock market is big fish eats small fish :O)

Posted by Smart Stocks > 2014-10-10 15:22 | Report Abuse

Optimus transform liao become lorry gua.. Autobots, roll out!!

Posted by micky92 > 2014-10-10 19:05 | Report Abuse

No further measures to curb properties increase, in fact the objective is to supply more houses which should go down well for properties sector.in fact further maximun loan for govt servant from rm450k to rm600k should further boost the demand.buy call for me

Posted by Ravi Kumar > 2014-10-10 20:25 | Report Abuse

Wakakaka. Optimus is never around when he is wrong.

Posted by optimus9999 > 2014-10-10 20:40 | Report Abuse

wakakaka....i am here RaviKumar....u miss me is it? wakaka....

Posted by Smart Stocks > 2014-10-10 21:17 | Report Abuse

This one different optimus.. optimus got how many account?

Posted by Ravi Kumar > 2014-10-11 20:50 | Report Abuse

This is optimus ciplak

Posted by Ravi Kumar > 2014-10-11 20:50 | Report Abuse

The TP is very interesting. I am selling all my other positions and buying more on Monday.

Posted by micky92 > 2014-10-13 07:38 | Report Abuse

interesting day how mkt response to budget & merger news..the only setback is world mkt now.only God know

Posted by CAF-POW > 2014-10-15 12:59 | Report Abuse

Merger news, seems to have no positive effect (yet).....

Posted by jackport > 2014-10-15 16:46 | Report Abuse

cone counter.....

Posted by jackport > 2014-10-15 16:49 | Report Abuse

the merger news from bad become worst.....

Posted by manutdchampion > 2014-10-15 17:40 | Report Abuse

what price u go in this counter?jackport

Posted by manutdchampion > 2014-10-15 17:41 | Report Abuse

i go in at 0.900

Posted by manutdchampion > 2014-10-15 17:43 | Report Abuse

ravi kumar u still hold this stock

Posted by manutdchampion > 2014-10-15 17:44 | Report Abuse

u have how many lot?ravi kumar

Posted by laughdieme77 > 2014-10-15 17:46 | Report Abuse

wil goto 60c..

Posted by CAF-POW > 2014-10-15 21:12 | Report Abuse

oLH offers 0.60 for wc... Osk merger........not sure if minority can fight it out....

Posted by Jungjung > 2014-10-15 21:16 | Report Abuse

Katak Katak Katak...Katak di bawah pokok...Katak katak Katak, Katak di bawah tempurung

Posted by Jungjung > 2014-10-15 21:17 | Report Abuse

Katak laughmedie..so funny. Tell me Katak got dicky or not?

Posted by Jungjung > 2014-10-15 21:18 | Report Abuse

This one Katak pussi Ke?

Posted by laughdieme77 > 2014-10-15 21:33 | Report Abuse

Posted by laughdieme77 > Oct 15, 2014 05:46 PM | Report Abuse X

wil goto 60c..


CAF-POW
74 posts
Posted by CAF-POW > Oct 15, 2014 09:12 PM | Report Abuse

oLH offers 0.60 for wc... Osk merger........not sure if minority can fight it out....

Posted by oopstikus > 2014-10-15 21:35 | Report Abuse

those who bought in pjdev-wc at high side..kena jor... sad to see that

Posted by laughdieme77 > 2014-10-15 21:37 | Report Abuse

otb where? "no chance to lose money"???

Posted by laughdieme77 > 2014-10-15 21:38 | Report Abuse

how come optimus knew it would goto 60c before OLH tells everyone?

Posted by Jungjung > 2014-10-15 21:39 | Report Abuse

When katak's big mouth laugh, how do you know they are laughing or not?

Posted by Jungjung > 2014-10-15 21:40 | Report Abuse

Katak, katak, Katak...laugh laugh..kakakakak

Posted by CAF-POW > 2014-10-15 21:40 | Report Abuse

This is a voluntary take over for pjdev since olh holding less than 40%..... I think holders should ignore the offer.

Posted by Jungjung > 2014-10-15 21:42 | Report Abuse

Ya Ya but kayak want to vote so that can laugh until die . Let him lor Kakakaka....KAKAKAK

Posted by laughdieme77 > 2014-10-15 21:48 | Report Abuse

Posted by laughdieme77 > Oct 15, 2014 09:37 PM | Report Abuse X

otb where? "no chance to lose money"???


laughdieme77
296 posts
Posted by laughdieme77 > Oct 15, 2014 09:38 PM | Report Abuse X

how come optimus knew it would goto 60c before OLH tells everyone?

Posted by Jungjung > 2014-10-15 21:53 | Report Abuse

laughdieme77
296 posts
Posted by laughdieme77 > Oct 15, 2014 09:38 PM | Report Abuse X

how come optimus knew it would goto 60c before OLH tells everyone?

He knew because he cannot tell difference betwen merger and mgo.

Posted by laughdieme77 > 2014-10-15 21:54 | Report Abuse

Posted by Jungjung > Oct 15, 2014 09:53 PM | Report Abuse

laughdieme77
296 posts
Posted by laughdieme77 > Oct 15, 2014 09:38 PM | Report Abuse X

how come optimus knew it would goto 60c before OLH tells everyone?

He knew because he cannot tell difference betwen merger and mgo.





wrong. bcos Optimusprime is so powerful. all big sharks seek his advise.

Posted by Jungjung > 2014-10-15 22:03 | Report Abuse

Posted by laughdieme77 > Oct 15, 2014 09:54 PM | Report Abuse

Posted by Jungjung > Oct 15, 2014 09:53 PM | Report Abuse

laughdieme77
296 posts
Posted by laughdieme77 > Oct 15, 2014 09:38 PM | Report Abuse X

how come optimus knew it would goto 60c before OLH tells everyone?

He knew because he cannot tell difference betwen merger and mgo.





wrong. bcos Optimusprime is so powerful. all big sharks seek his advise.

----------------
Laughmedie is right Optipussi so powerful that he cannot understand merger. He thinks is transformer and Mgo he thinks is megaton. Really sohchai

Posted by hello123 > 2014-10-15 23:31 | Report Abuse

this is voluntary offer..voluntary means we have the choice to reject.. Let just reject the offer and dont panic sell..it wont have any effect..as we are the majority 68.3%