Posted by samsung555 > 2014-10-12 21:17 | Report Abuse

who have bullet can averrage down, who no bullet sure get pain, all good thing got the end......

Posted by SaturnReturns > 2014-10-12 21:49 | Report Abuse

Be very clear, job creation must depend on sustainence. Example, if you produce hardware or IC chips to be supplied to region, the chip makers also have factories in other parts of the world and maybe a another in the same region to avg their production cost and have redundancy.
However in theme parks creating jobs...:) if no tourist, can they sustain? Singaporeans are one of the biggest tourist to this region Iskandar flagship B, & Melaka while Indonesian are also amongst the larger group of tourist to Johor. Singaporeans have drop significantly and in general malaysian tourism also drop in 1st half and what is worst is the effect is due to self failure in policy.
In this case, as long as Singapore boycott Johor, we are at their mercy. This is no water deal where Singapore use to depend on Malaysia, this is Iskandar where we depend on them. We need them for growth until we can sustain on our own. Only then, when Malaysia can show that, Iskandar will be in cold water and even Temasek influence will not be able to help.

Posted by SaturnReturns > 2014-10-13 09:11 | Report Abuse

If China hedge German currency with base in Frankfurt and now ECB mulling to buy yuan for foreign reserve. The first is like placing a bet on Europes best horse while the latter is like the bookie betting on the better.
What does the above sound to you? Taking position?

Posted by SaturnReturns > 2014-10-13 10:03 | Report Abuse

For those who remember, I predicted RHB-Cimb merger moons ago when MBB was in talks with RHB. I gave my reasons base on services which RHB had gotten rightfully should have been given to Cimb. The rest with MBB was a sandiwara. After all Tajuddin Atan who was then the CEO of RHB and Tan Sri Zainol EPF head was sitting in the board. Now we have Tajuddin sitting in Bursa as the CEO. The connections are clear and the intent are obvious.
And then there was the policy to restrict, to limit Epf funds from being withdrawn for Mutual fund investment, I did tell you, it was monies which Epf wanted to use to mitigate foreign outflow. This is a two way sword....one to balance the outflow and second to ensure Bursa transactions don't fall to an alarming level. Again look at the ppl running the show.
Then, I did say the only equation that didn't add up was Securities Commission. It used to be Zarinah, however she stepped down due to the "scandal" EnO where her husband Azizan was the chairman and taken over by Ranjit. The rest you can read up .....

Ok ok now coming back to EnO, what has the above to do with this? In a similar fashion, EnO supposedly taken private by Sime when it was at 32% holdings were suddenly relinquish their holding to 22%. It did surprise me !! The change came because of SP Setia. In the Eye of PNB, they were thought to be the King Investor in property holding every string to every major developer from then SPSetia helmed by LKS and indirectly ENO with Terry Tham, and then there was I&P losely hung in direction. Suddenly SP Setia also became a lose piece with no head when LKS resign and their whole jig saw fell apart.
Remember one of PNB pillar is development in UK, with Sime-SP Setia and EnO each having their own there. This was the same pillar recently announce by EnO as a growth pillar ie UK, Penang, KV and Iskandar. In Iskandar, they develop on a piece with PIV a Khazanah-Temasek venture. So it's obvious that connection.

For those who want to read more, pls read my old comments.

I said I was surprise earlier when Sime relinquish their holding however I followed that in my earlier writing of two possibilities.
1. Sime Property themselves maybe a target in the consolidation hence they need to prop up their value by selling EnO to show a higher number in performance.
2. To avoid a similar happening of LKS in SP Setia since Terry was suppose to retire. The 10% offering back to Terry was to appease Terry and key Mgmt esp Eric Chan and etc. while they work their new proposition.

Now we know banks and developer and major construction companies are closely connected . For one, no development means no progress and no progress means no loan base growth. If there are no loan base growth whether upstream or down stream, the banks will be in very big trouble. So while they buy time, (they here refer to banks and developers and contractors) because they need to consolidate, the do it by marketing and selling a new product ie Islamic banking....bond, financing,....while they consolidate. Thus the next cycle MUST developers to consolidate.

Posted by SaturnReturns > 2014-10-13 10:10 | Report Abuse

Now how to consolidate developers. The runway is short. Once the bank merger is completed, the banks will be stronger and hungrier and one new main product (like Islamic banking) may not suffice then. This is when big bigger larger projects are needed and can only be achieve by bigger hungrier developers. Remember, a lot of our bank investment abroad fell short and took severe hit before they got going and some could not take off.
I think it is best they do the ICBC way whereby the bank exist to support the countryman's business in foreign land. If they do this, there is more economics of scale compared to their earlier endeavor of going in alone. Example if AA in Indonesia tied up with MBB or Cimb there would be better than MBB or CIMB, going there to compete with Indonesia banks alone

Have a thought!

Posted by SaturnReturns > 2014-10-13 10:17 | Report Abuse

If Sime Prop was a possible take over bid and SP Setia and EnO similarly into I&P?
My personal opinion is, do away with either one of the old name. If they use EnO's name, there is EGO factor, and I&P name is not glamorous while SP Setia is always tied to LKS and Sime name is too much CPO.
They should do like Ecoworld....take over a listed vehicle and rebrand. In essence, they did two actions which are fast tracked
1. Using the name Eco which many associated to Setia ECO....
2. Got a listed vehicle ready and rebrand straight away

Posted by samsung555 > 2014-10-13 13:18 | Report Abuse

Hard to make sustainable profit in such turbulent time.I hope you people will break-even or turn into some profit............................

Posted by cheeseburger > 2014-10-14 00:14 | Report Abuse

down and up, up and down. There is always cycle, no worry so much. What goes down will go up.

Posted by gweilo > 2014-10-14 10:43 | Report Abuse

EVERYTHING is crashing ! It's because of the KL bombing !

Posted by samsung555 > 2014-10-14 11:21 | Report Abuse

It's time to buy more. Question is u need to be good at stock selection......

Posted by Somdejking King > 2014-10-14 15:32 | Report Abuse

average down to 2.36 , to day already make money.

Posted by Jungjung > 2014-10-14 18:12 | Report Abuse

Wah Somdejking u are good leh. The price never go down to 2.36 this round but u can avg down to 2.36. You vely good

Posted by Jungjung > 2014-10-14 18:15 | Report Abuse

Yesterday 2.34,35,36 was vely little done but u can do it..how many shrs u hold arh??

Posted by Jungjung > 2014-10-14 18:18 | Report Abuse

how did you do it ar? At the point you were talking mths ago alredi 2.8x to 3.xx. Tell LAH more credible lie.wakakakak

Posted by Jungjung > 2014-10-14 19:00 | Report Abuse

Want to laugh again..laughmedie . Even if he bought at 2.40 the volume at 2.34,2.35,2.36 vely vely little lor.how did he manage to avg to 2.36? Bluff also must pandai pandai lor. You mean you have been here for so long asking to buy but you never bought..??


Somdejking King average down to 2.36 , to day already make money.
14/10/2014 15:32

Posted by SaturnReturns > 2014-10-14 22:00 | Report Abuse

ADR residency Danga Bay snapped up 80% in 2 days, I&P merger with SP Setia, No further tightening of property sector in budget 2015, Euro into property, OSK poise to be a major property player with the merge with PJDev, E&O STP2 poise to be the largest single GDV, 20,000 affordable housing announce for budget 2015....

A little while ago, to be exact moons ago I wrote a comment on property being a tangible asset that can appreciate. This makes property highly hedgeble during these difficult times. The ones who will take helm are the Property developers with the largest scale of marketing in various countries. Note that ADR in Danga Bay is a luxury condominium and not just an inflated priced property. These buyers are not your typical buyers that go for pricing of a million or two. Today's foreign buyer must buy property above rm2M and no longer rm1M. This means that a very selected property will have high take up rate which is premium. However this may not go well with ALL developers in Iskandar. Country garden took weeks from launch date to cover 65% take up.

Posted by SaturnReturns > 2014-10-14 22:12 | Report Abuse

Country Gardens too sits on Danga Bay with other developers like Tropicana.

What I m trying to share here today is this, if prices of thing have gone up and demands are selective, and base on economic of scale, it's more worthwhile to build luxury condos than just a highly price ones. The difference being a luxury condo must sit on a premium land with a landscape and integrated development of a certain premium quality. This is so because buyers at this category do not really have issue securing loans while banker are also happy to entertain them as the deal is more secure apart from the buyer changing their minds.

Hence we need to be clear why and where we are intending to place our bets. My other option are counters with the best take over value. Remember these company merging have no intention to take the secondary company private. Why? This is because securing loans are hard to come by and market capital are their best bet. Hence company that have the most value and secure projects r the best bet

Posted by Somdejking King > 2014-10-15 08:10 | Report Abuse

its just a story , every body likes to tell stories.and today closed at rm 2.54, if I bought at 2.36 that's .18 cts profit.

Posted by SaturnReturns > 2014-10-20 21:44 | Report Abuse

US top producer of OIL already. Say bye bye to Russia and suppressing ISIS income temporarily.
On the other end, this means controlling stake taking place. The damage will come from US before they are overtaken again. For now many many backend handshake and partners sleeping with brotherhood.
Don't understand? The message is not for you.

Posted by SaturnReturns > 2014-10-21 07:33 | Report Abuse

Operating ownership charges in Malaysia is cheap esp for foreign buyer. This operating ownership include maintainence charged, assessment, quit rent, rental tax and so on. While ringgit is easily suppressed at will, this makes Malaysia a real investors haven. This is because, foreign property investors only need to worry about inflation in Malaysia (which is happening all around the world anyway) and they can compensate it with their stronger foreign currency.
As Hse or property are ongoing, and foreign property investment for outsider must top RM2 Mil, more and more developer with premium land will engage luxury category while those others which hold less premium land banks will opt for volume sales against a more affordable housing backdrop.
In short, judging from the difficulty to secure loans locally, 2015 will be marred by high purchases by foreign property buyers vs volume buyers for outskirt property of lower cost. This may play in handy for developers who wants both end of the pie to start acquisition to ensure expedited growth

Posted by samsung555 > 2014-10-22 15:00 | Report Abuse

Eastern & Oriental Bhd (E&O) has proposed a corporate exercise, involving a bonus issue, free warrants and the issuance of up to RM500 million private debt securities. E&O said it had proposed a bonus issue of up to 114.098 million shares on a one-for-10 basis and the issuance of up to 228.18 million free warrants on a one-for-five basis. The warrants’ indicative exercise price is assumed at RM2.90 each, representing a premium of 4.6 sen, or 1.61 per cent, to the five-day volume weighted average market price of RM2.854 up to and including Thursday’s closing price

Posted by gweilo > 2014-10-29 13:08 | Report Abuse

Max Keiser, Stacy and Helena Norberg-Hodge BLAST the TPP !!!

TPP allows benign dictatorships !

https://www.youtube.com/watch?v=AvH9Rwjd348#t=02m25s

Investment becomes LAW ! Democracy becomes a JOKE !

Listen to Max Keiser discuss the takeover of governments by
trade treaty with Helena Norberg-Hodge.

https://www.youtube.com/watch?v=AvH9Rwjd348#t=19m25s

Posted by SaturnReturns > 2014-10-29 14:37 | Report Abuse

Remember when we were young and we watched Enter the Dragon with Bruce Lee ? What was your impressioned after the show? Of course this question goes to the 70s and 80s baby.
All we could remember was Bruce Lee right? All we could remember was how he whipped the bad ass with his snazzy moves like the hands and legs resembling the dragon's movement. But the jezz of it is that we remember Bruce Lee more than the show itself and the ......
Sometimes and somewhere, there always is a person larger than life, or larger than the things that propel him into stardom and Bruce Lee was one of them and there are many more examples. Having said that, what we are saying is we identify him as the movie rather than vice versa. Similarly the Internet maybe the epitome of the early 21st Century where in future ppl may refer to this as a evolution of the modern world where information is at their finger tip while tomorrow they may even be able to link our thoughts and question to our brain by just thinking and all the information will be there.

Posted by SaturnReturns > 2014-10-29 14:42 | Report Abuse

Ok, we understand what I m trying to impart here, however the point I m really getting at is what defines Malaysia at this point of our life, at this century, at this era, that is bigger than the everything else? If you have the answer, and you have the facts, the MONEY is already your pocket.

Posted by SaturnRises > 2014-10-30 15:07 | Report Abuse

Took a bit of time to realign all my holdings as some have peaked while others have dropped a significant % in recent market anticipation and consolidation and exacerbate by the QE ceasing. EnO was one of them that dropper from 2.9x to 2.3x a whopping 60cents. In % that would mean almost 20% while some of my other holdings sustained quite well eg Axiata.
To most,mth is is the time to throw however for most investors myself included, this is the time to swap shares.
How? My shares are divided by ratio. Example Axiata to EnO ratio is 2.5. That means that if the ratio increases significantly EnO would to me be a very very good swap from Axiata and similarly other stocks like Huayang to L&G in the same manner. However stock that this is to be play must have true potential of catalyst or growth.

When a share is swap, you have to be very certain the % will be higher than the swapped share. Example if share X is 50cents and share Y is rm1 and the ratio is 2 to 1 right? And if share Y drops to say 80censt ie 20% drop that ratio would have a large impact assuming share X sustained. Hence if such is the case the share that is swapped must have the potential to grow 2 times that of the former. Example if share X after the share swap incline 10cents, share Y that you have swap to, must incline 20cents or more.

So this execise has helped me to move stagnant shares and limit my holding to lesser and focus more on moving ones. So far my inclination on recovery has been encouraging at 15%. The next question however is whether this would sustain and we should play. For me a 25% gain is a must to release/sell unless it's those counter that I have already hold more than 100% gain. As I mentioned earlier, I am expecting November financial report, and December window dressing to come into play although many are against it as the QE question and Fed rationale is still looming and begging for an answer. Again play it to the % you have targeted and keep taking profit as this is the best time once those criteria have been met

Posted by SaturnRises > 2014-10-30 16:49 | Report Abuse

Market is difficult animal to tame. For instance, the recent respond of the market on global issues which was long accepted however the market responded hugely negative! Why? Always remember the market is Malaysia is one which will find reasons to consolidate and to perform correction even though sometimes situation may not warrant. This is partially because the coincide a correction to a long bull run or the market perceive the run has been halted too long and the only way is to perform correction before further uptrend. A good point would be that the market did not respond to the ECB bank stress test after this recent major correction.

So the question is really whether the market will do a real year end closing in style? October hasn't been overwhelming however it is to be expected and Novemebrr in my opinion should pick up and end 2014 with a fireworks blast!! What say you?

Good Luck and God bless!!

Posted by SaturnRises > 2014-10-30 21:32 | Report Abuse

When tomorrow come!......

Firstly for all those who are worried about tomorrow, the situation is this
1. QE to be remove
2. Weaker U.S. dollar expects to suppressed oil price
3. Greece zero in again - ppls will be unsure of this effect because it is couple with 1 and 2

The rest on Q3 GDP growth in US can be read from all business website.

Now the point highlighted here is not really 1 or 2 because Removal of QE has been in the talks for a while and real concern is upping interest rate. If they up interest rate, there will be a reshuffle of market just like the example I wrote earlier of realign my stocks during the Oct downturn. However upping the interest rate maybe TOO EARLY because they cannot assume a Quarter result performance to up interest rates since they are already removing the QE. It may spell DOUBLE JEAPORDY.
What I assume will be likely to happen is upping the interest rates may take another quarter result while they proceed with the QE removal.
The market is weary of the ICBC situation currently while at the same time concern about Greece again. Note each is on a different continent. Imagine this ICBC will affiliate bad loans that may affect the countries where Chinese are given loan on project while the Greece situation is known on the EUrope front with a general inflation globally , what do you think will happen if they raise interest rates of one of the 3 economic power ie US. It will be disasterous.

So have a thought, because my opinion is interest rates will NOT be raise a not at such a vital time when they are removing QE.

Posted by SaturnRises > 2014-10-30 21:36 | Report Abuse

So in short, tomorrow if the market responds again, be ready to pick your stock and practice ur avging to get ahead.

Posted by SaturnRises > 2014-10-30 21:47 | Report Abuse

For those who are not in the know, each time the MRT route is announce there is an auto revaluation of the Landbank or location where the landing will be. As we know Sime has applied for Mrt to City of Elmina. While this is only anticipation of approval, there is also a report that property prices In Malaysia currently continues to escalate. When you add anticipation + fact of the price increase, you will get a situation whereby the govt needs to think of how to moderate the loans in other ways rather than suppressing them to prevent NPL.
I have said this many times that in a global inflation, nothing much can be done to suppress prices unless they produce sub quality end product

Posted by SaturnRises > 2014-11-01 18:48 | Report Abuse

I have always ask ppl to look beyond a particular counter in first evaluation, then followed by sector and then only the counter. I have written a few comments on this, on property before GST! The article below illustrates some of the key points however we have to ensure also global climate especially on inflation is thrown into the equation. Everything in our life has a saturation point and an optimum point. The difference is knowing your own economy and truthful to yourself. Example BOJ added stimulus while Fed is taking away QE. In my point of view, Japan has good leadership here and not just following one global source in making their decision but believing it will give a better leap frog forward.
As I also believe, the world market is split into 4,namely the US, EU, UK and Rest of the world. I did not name Asia or Australia for this region simply because it is loosely coupled with no real effort to forge a closer economic ties while China loosely benefit some of the Asian countries. With this stimulus added into the global economy with inflation thrown in, we can expect some money to flow in this way.
What will it do? If for those who remember the 0 interest in Japan a couple of years back which brought a positive note in Asia and similarly when they pulled back, the perverse reaction took place. It will be the same again.......

http://www.thestar.com.my/Business/Business-News/2014/11/01/Property-conundrum-Seminar-raises-more-questions-about-the-state-of-sector/?style=biz

Posted by SaturnRises > 2014-11-02 17:20 | Report Abuse

I am excited about tomorrow because it's been a long time since stars align. Star align here refer to good news in and bad news sunken in. So here, correction has sunken in deep the last two weeks while QE Removal has been debated with many corrections entered into its figures while BOJ expanding its stimulus was certainly surprising.
What I am expecting to happen tomorrow is a responsive property sector behavior toward the KLCI. It will wait for the KLCI to move and they will move in tandem and similarly reversal in the buying pattern. You will more commit at every sustainable resistance it overcomes.
The rationale is this, where is this stimulus money channeled and what is it channelled to? Now if you are commodity, most cannot be played at this point...namely oil, CPO. If you consider the statement by Petronas to abdicate some of the planned projects due to the falling price & dropping unfeasible contract , while in CPO is only expected to recover in mid 2015 or anywhere nearer to that date. REMEMBER, free money or free interest loans are the best money in this globalise world because these money can work longer and harder for the investors and traders alike. Moreover the timing is beautiful for one run towards the financial result and to release just before the results are out or maybe even till December window dressing.

The other thing I like about this is, the heavy presence of Japanese investors in Penang for sometime now. I believe Penang is attractive to them as it serves as a holiday venue, a business oppotunity, a growth opportunity especially in Batu Kawan side while the heritage sites and greenery serves the other purpose. In addition, the Penang Govt under DAP gives better direction and indication of the moving forward and perceived with lesser corruption or maybe not. Again I will bet bigger on Penang than Iskandar at this point as Northern opportunity is more conducive for business and quality of living than their counterpart in Iskander filled with theme parks and 8 years of waiting and dicing.

Posted by SaturnRises > 2014-11-03 17:53 | Report Abuse

It is highly irresponsible of some senior members here in promoting warrants and rights until they are above the mother share after conversion price. This same person has done it a few time despite the fact a few occasion the counter subsequently dropped. When a warrant or right is above the mother, your chances dropped significantly. If your chances used to be 50/50 it's now 30/70 70% to the market and 30% chance to you.
While many think highly of him, my opinion of him is truly low and I have no respect whatsoever for this individual. So trade with caution and if you do not understand the risk, use you logic and wisdom or not trade at all and NOT take advice from this joker. It is obvious he is doing this for his own keeps and those who paid him.

Posted by SaturnRises > 2014-11-03 18:00 | Report Abuse

After reading some of the comments by those who oppose him, I came to realise not all are wrong or incorrect. While i3 chose not to understand some who are real in their facts to oppose him, he has become audacious and bold in his remarks.
I am choosing not to name him here at this point because I chose my rights to teach this individual of what he did to other when my chance is available.

Posted by SaturnRises > 2014-11-03 20:09 | Report Abuse

With MTN PDS in place followed by bonus coming, I believe E&O will have a final trump card using Private Place for the balance. All these method are key as the build partnership rather than taking loans as the foreseeable future is not encouraging.

Posted by Somdejking King > 2014-11-05 13:37 | Report Abuse

yes its pressing down time again.hope it goes down down down to 2.36 again and again and again

Posted by Somdejking King > 2014-11-05 13:38 | Report Abuse

and then we make money and money and money,$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Posted by Somdejking King > 2014-11-05 13:39 | Report Abuse

sometimes i do like these people who does this sort of thing

Posted by Equityengineer > 2014-11-05 15:53 | Report Abuse

Why dropping today ?

Posted by Somdejking King > 2014-11-05 17:30 | Report Abuse

something about new issues of securities , pressed down .

Posted by cheeseburger > 2014-11-06 10:27 | Report Abuse

PDS limit the share price...more downwards perhaps...

Posted by Equityengineer > 2014-11-06 10:56 | Report Abuse

Any idea how much it will drop more ...will it renounce to rm 3.00 again

Posted by Sugus > 2014-11-06 12:29 | Report Abuse

Cheeseburger, PDs is commercial level. When the warrant comes out there will be excitement to come because It will be weighted average with target rm2.90, together with Bonus. With 5day weighted it should be above rm3 to toget 2.90. It's down because the tender not out only.

Posted by Sugus > 2014-11-06 15:50 | Report Abuse

2.90 is the key
Warrant at 2.90 with 5 to 1 is approx 60cents
bonus if base on 2.90 with 10 to 1 is approx 2.60
Warrant + Bonus = 3.20
PDS must be attractive to sustain a weighted avg offer

Posted by Equityengineer > 2014-11-06 16:20 | Report Abuse

What is PDS means , please explain. Does that mean this is temporary fall ..

Posted by Sugus > 2014-11-06 17:12 | Report Abuse

Warrant is 20% of the WAP of market while 10% is dilution of price due to bonus. As for PDS, it is categorized as bond issue. In bond, the higher the price, it will be seen against the particular debt of project like Stp2 or overall debt of E&O. E&O has debt gearing at 0.3 which is low and market norm.

Posted by Sugus > 2014-11-06 17:14 | Report Abuse

To know, go for the EGM end on November. If against the Stp2 project, the bond issue maybe more appealing

Posted by Sugus > 2014-11-06 20:26 | Report Abuse

MTN expected 5/shr for conversion and warrant at 2.90/shr. though 20 years there is a second part at 7 years commercial paper. That means for 20years at certain point base on value or period the conversion will be 1:1 in exceeding the 5

http://klse.i3investor.com/servlets/ptres/26037.jsp

Posted by Sugus > 2014-11-06 21:33 | Report Abuse

Sifu Saturn, hope you can enlighten your experience in E&O on the MTN PDS mention on how the calculation method will affect the price because the two others mentioned are easier to calculate once the warrant is in and expected at 2.90/share as per Amresearch

Posted by Sugus > 2014-11-06 21:38 | Report Abuse

Fyi info my numbers came up to 3.10 if truly at 2.90 is expected. Kindly advice as the 5/shr MTN conversion seemed is 27cents above the current NAV expected 20years. Is that a bad sign?

Posted by jeannie > 2014-11-06 23:14 | Report Abuse

with all the above mentioned, means still a good price to go in???