Posted by valuemaster > 2014-04-09 19:35 | Report Abuse

LITTLE is known of Johor-based Seaview Holdings Sdn Bhd – the company that will be taking up a majority stake in Damansara Realty Bhd (D-Realty) from state investment arm Johor Corp Bhd – except that it is partly owned by an individual with links to the state’s royal family.

Datuk Daing A Malek Daing A Rahaman, one of the two main shareholders of Seaview, is a member of the Council of the Royal Court of Advisers to the Sultan of Johor. He is said to be a long-time friend to the present Sultan and his father.

He has several business interests such as in Spektrum Budi Sdn Bhd and Spektrum Kukuh Sdn Bhd which he shares with a member of the Johor royalty.

Spektrum Budi and Spektrum Kukuh are both partly-owned subsidiaries of Benalec Holdings Bhd, and are actively involved in the land reclamation project in the future oil and gas hub in Pengerang, Johor.




Daing A Malek also shares a company with the Sultan of Johor in SIPP Energy Sdn Bhd. Sultan Ibrahim Ismail owns a 51% stake in the power generation company, while the former owns a 24.5% stake.

More importantly, Daing A Malek is a major shareholder in Astaka Padu Sdn Bhd, with an 80% stake in the Johor-based property development and construction company he co-founded in 1993.

Astaka Padu has mixed development projects in the state’s development corridor Iskandar Malaysia and capital Johor Baru.

In the company’s website, Daing A Malek and senior executives in Astaka Padu, the list of which includes the company’s CEO Datuk Zamani Kasim, pride themselves as the “pioneers” of Iskandar Malaysia.

Abdul Aziz Daing Rahman – the joint owner of Seaview – also has a stake in Astaka Padu, with 8.75% interests in the latter.

Many believe Seaview’s entry into D-Realty will provide a “royal boost” to the latter, and enhance the business proposition of company.

Posted by valuemaster > 2014-04-09 19:36 | Report Abuse

JOHOR BARU: Johor-based Seaview Holdings Sdn Bhd will develop the Damansara Realty Bhd’s (DBhd) parking business.

Chairman Datuk Daing A. Malek Daing A. Rahaman said the company would work with new strategic partners to expand the parking business of DBhd’s wholly-owned subsidiary Metro Parking Sdn Bhd in Malaysia and the Asean region.

“We see great potential in the business that offers healthy cash flow for the company,” he said at the signing of the share sale agreement (SSA) with Johor Corp (JCorp) here yesterday. Metro Parking is involved in car park management and provision of car park consultancy services with operations in Malaysia, Singapore, Brunei, the Philippines, Hong Kong and India.

It manages various types of car parks including at airports, office buildings, shopping complexes, hotels, transport terminals, wet markets, hospitals, open sites, a jetty terminal, sports centres, recreational areas and local council on-street parking.

Daing A. Malek signed on behalf of Seaview while JCorp was represented by its senior vice-president and chief operating officer Zulkifli Ibrahim.

The event was witnessed by Seaview executive director Syed Omar Syed Mohamed and JCorp president and chief executive officer Datuk Kamaruzzaman Abu Kassim.

Under the SSA, the company would acquire 51% or 158 million DBhd shares held by JCorp for RM79mil which would trigger a mandatory general offer once the SSA becomes unconditional. Both parties expect the conditions precedents set out in the SSA to be satisfied with a month.

“We will maintain the listing status (of DBhd) upon the completion of the exercise and will continue to enhance its value proposition and potential,” said Daing A. Malek.

He said the company also planned to rejuvenate DBhd’s property and construction divisions as they were largely untapped and have the potential to grow further.

Daing A. Malek said going forward, it would actively be involved in the economic activities in Iskandar Malaysia and the Pengerang Integrated Petrochemical Complex in Kota Tinggi.

The shareholders of Seaview are Daing A. Malek, Abdul Aziz and Daing Abdul Rahim.

Posted by valuemaster > 2014-04-09 19:39 | Report Abuse

reveal something here lar

http://astakapadu.com.my/

ASTAKA PADU WILL BUILT THE HIGHEST CONDO IN MALAYSIA IN ISKANDAR , THESE MIGHT BE THE ASSETS THAT WILL BE PARKED INTO DBHD

Posted by JoeC > 2014-04-09 20:51 | Report Abuse

So tmr will drop?

Posted by valuemaster > 2014-04-09 21:29 | Report Abuse

angelina, please don't ask me what stock to buy ok, so far i am so right on symphony and dbhd/ecoworld/sbccorp/golsta/maica, anyway, looks like tomorrow will be suspended for announcement soon, stay tuned.. 1.50 first target, then 2 long term target, designated? not even warnings like dsonic, you have to wait man, angelina haha

Posted by AyamTua > 2014-04-09 21:37 | Report Abuse

follow valuemaster! kikiki

Posted by valuemaster > 2014-04-09 21:42 | Report Abuse

wait ayam tua bagi tips, then i go value , maybe can go up?

anyway, last round uma 83cents shot up to 97cents, this time, uma , 1.50 =), after 1.50 sell some i wanna find new ideas

Posted by Dannyk > 2014-04-09 21:43 | Report Abuse

valuemaster sure tomorrow suspended?

Posted by SANG-JERO > 2014-04-09 22:14 | Report Abuse

On the current date Damansara realty Position is Long - Strong Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium and "Liquidity Risk" is Medium. In the Medium Term, Bullish phase is advancing, a short term positive price move is expected. In the Long Term, Bullish phase is advancing, a short term positive price move is expected.

Posted by valuemaster > 2014-04-09 22:33 | Report Abuse

lets wait for announcement tomorrow, if not company would have replied..stay tuned, meanwhile can buy knm/ sbc corp guys, tomorrow sbc gonna touch 2.30 again

Posted by valuemaster > 2014-04-09 22:38 | Report Abuse

got relationship kah? i thought petalingtin is a sabah counter as well, not sure, didnt research, i saw one undervalued gem again, after i collect already i will show you guys

Posted by abdulrango > 2014-04-10 09:01 | Report Abuse

yellow card again

Posted by valuemaster > 2014-04-10 09:24 | Report Abuse

and it goes up again, don't play play with royal, you will get sack! bursa!

Posted by valuemaster > 2014-04-10 11:43 | Report Abuse

took some profit =)

Posted by qqbb > 2014-04-10 11:52 | Report Abuse

angelina2-huat2 dbh. how u see sycal?

Posted by Dannyk > 2014-04-10 12:58 | Report Abuse

Don't worry can up new higher

Posted by seanwkc > 2014-04-10 14:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1590593

Posted by matawang > 2014-04-10 14:54 | Report Abuse

go for sycal... :)

Posted by Azizah Zaki > 2014-04-10 15:01 | Report Abuse

Looking good.

Posted by matawang > 2014-04-10 15:16 | Report Abuse

on track dbhd... boommmm

Posted by matawang > 2014-04-10 16:39 | Report Abuse

so nak parking counter mana pulak? hehe

Posted by valuemaster > 2014-04-10 17:23 | Report Abuse

took some profit doenst mean I sold all, originally i sold 40% on 1.20, then now another 20% on 1.34, leftover to fight sama dia!

Posted by SANG-JERO > 2014-04-10 23:00 | Report Abuse

On the current date Damansara realty Position is Long - Strong Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium and "Liquidity Risk" is Medium. In the Medium Term, Bullish phase is advancing, a short term positive price move is expected. In the Long Term, Bullish phase is advancing, a short term positive price move is expected.

NO RESISTANCE LEVEL on the current date.....

Posted by xxxx > 2014-04-11 06:44 | Report Abuse

Today is bear day, not bull.

Posted by Dannyk > 2014-04-11 21:57 | Report Abuse

Today stabil and I think next monday price will good

Posted by iskandarjb > 2014-04-14 13:04 | Report Abuse

Looking so good..

Posted by iskandarjb > 2014-04-14 13:05 | Report Abuse

Still watching.....Can touch?

Posted by Carrie Loh > 2014-04-14 13:06 | Report Abuse

beware of 3rd UMA and will be declare as 'designated'

Posted by SANG-JERO > 2014-04-14 13:08 | Report Abuse

Break resistance 1.39.....Looks like DBhd is going north to uncharted territory.......

Posted by danet7882 > 2014-04-14 15:05 | Report Abuse

really 3 time uma become designated share??? pls elaborate

Posted by iskandarjb > 2014-04-14 15:08 | Report Abuse

looked strong and steady..

Posted by iskandarjb > 2014-04-14 15:09 | Report Abuse

Going to hit 1.45

Posted by iskandarjb > 2014-04-14 15:12 | Report Abuse

Jump in 1.44

Posted by Cweed > 2014-04-14 20:12 | Report Abuse

3 UMA oledi meh? R u sure? Share the link!

Posted by Dannyk > 2014-04-14 20:15 | Report Abuse

I sold at 1.41 I think tomorrow can fly higher because today very stabil

Posted by Pakcik_Kayo > 2014-04-14 21:45 | Report Abuse

Only 1 UMA... no 2nd UMA so far yet.... pls dont misleading others...

Posted by Cweed > 2014-04-14 22:24 | Report Abuse

Any TP? I sold quite early. Earned quite a bit. Hehehehe,

Posted by Pakcik_Kayo > 2014-04-14 22:41 | Report Abuse

TP RM2.00

Posted by Cweed > 2014-04-14 22:59 | Report Abuse

Bila?

Posted by Pakcik_Kayo > 2014-04-14 23:13 | Report Abuse

slow n steady sbb dah kena UMA... kena pick up... sy prefer PDZ

Posted by Cweed > 2014-04-14 23:16 | Report Abuse

Ohhh....hehehe slow n steady better.... Pandu cermat jiwa selamat!

Posted by Pakcik_Kayo > 2014-04-14 23:19 | Report Abuse

jangan jadi designated counter sudah... abis semua masuk longkang.. hihi

Posted by tjhldg > 2014-04-14 23:54 | Report Abuse

betul betul donkey ni

Posted by chameleon > 2014-04-14 23:54 | Report Abuse

6.3.14 first UMA & 10.4.14 second UMA..correct me if wrong..

Posted by valuemaster > 2014-04-14 23:55 | Report Abuse

i am still holding ni, as i said, RM1.50 soon, just sit and hold, people are collecting like mad

Posted by Pakcik_Kayo > 2014-04-15 00:03 | Report Abuse

Yes chameleon.. ur correct.

Posted by SANG-JERO > 2014-04-15 07:34 | Report Abuse

Support level 1.39...Moving NORTH...uncharted territory

Posted by Alfred Aun > 2014-04-15 09:38 | Report Abuse

If it can break 1.50 today, then it is a significant UP trend for this counter.

Posted by danet7882 > 2014-04-15 09:51 | Report Abuse

strong up trend support for final limit up?

Posted by iskandarjb > 2014-04-15 10:03 | Report Abuse

RM 1.50 coming ??