Just drove down to Puteri Harbour and Iskandar area yesterday. Trader's hotel and Hello Kitty land are complete. There is some shopping now and the Starbucks facing the straits allows you to have a classy coffee with a view. Also a new small ferry terminal. Otherwise there are even more apartment construction going on everywhere. Unfortunately it is still pretty far from CBD and it seems they are just trying to replicate Putrajaya. Whole area is reminiscent of the "Ghost cities" in China as you drive through. This whole area is gonna be an empty tourist attraction in the future. In JB the current more happening areas are at Sutera Mall area and Bukit Indah areas.
There will be some value in Leisure farm for Mulpha but currently the whole area is just having an artificial boom from overseas investment which can dry up pretty fast.
Calvin you sound like a Joker buying only 20lots at 45c. Mr Lee is probably fictatious as just by looking at trading volume, don't see any 40million volume @ 46cents. Unless its a private transaction which would have been announced on the Bursa website anyways. Your value picks and analysis are quite good but only traders "SHOUT OUT" on the forums.
Good! You see Cities in Transition Are Best For Growth.
Once upon a time Puchong was a one track rubber estate. I traveled there in the early eighties. Nothing much to see except rows and rows of rubber trees.
Balakong was worst. I rode through the swamp by motor bike. My car would be stuck in the mud. Balakong is today an Indutrial zone & Puchong's properties are the hottest.
In those days brokers told me 1 Acre Land in Balakong goes for RM100K only and no takers.
And the worse was Semenyih - the people of Semenyih called themselves "Semua Monyek"
I heard SP Setia, Ecoworld, MKH are doing pretty well there today. Monkey (Semenyih) lands also got buyers today.
For Mulpha I know it since 20 years ago. Do you know that Hotel Suites in LEGOLAND Goes for RM1,200 to RM3,500 a night. And they are all fully booked by HK & Indon Tourists.
And Opposite Leisure Farm is ASCENDAS TECH PARK By SINGAPORE GOVT JV With UEMS!
35.000 Top Professionals will be here.
GREAT HAPPENINGS ARE IN STORE FOR LEISURE FARM
And One More Thing I Must Tell You
In Year 1969 Sungai Wang Plaza was a small rambutan plantation. How does Calvin know?
My house was there. In the rambutan plantation there wasn't even a bird, a rat or a mosquito. So eerily silent that the place looked like the middle of sahara desert.
Not today, Sq Way in Bkt Bintang is the HOTTEST SPOT IN KL CBD!
So Will Mulpa Leisure Farm be when High Speed Train Station is Built here.
Just Buy Some Mulpha Shares & Keep Until Value Emerges
Calvin I find your posting here full of propaganda and many things you said are false.
Inconsistency as below :
"And they are all fully booked by HK & Indon Tourists." UNTRUE, going to legoland hotel website and key in the dates, I can easily book a room for the rest of the month for many room types.
You are S'porean dun LIE to M'sian about KL history lah pls. Sungai Wang Plaza was built next to Low Yat Plaza which in turn was built on the old car park of Federal Hotel. There was no rambutan plantation there lah. http://i109.photobucket.com/albums/n59/stimix/BktBintangin1960.jpg
The more BULL you talk, the more Malaysians here will laugh at you. Dun make yourself a laughing stock please.
Bukit bintang location in KL CBD is like Pelangi area to JB CBD. Comparing Leisure farm to bukit bintang is like comparing Durians to Rambutans. Different things lah bang'
High Speed train won't be built so fast, took them so many years to even agree on the Tuas link and today still bickering over the causeway toll.
I Went To Legoland some months ago and was told they were fully booked. So is it true rooms are readily available now. That means that bookings have dropped. I will drop by & check out on it.
As to Sg Wang Plaza being a rambutan plantation is true. The BB Park was converted to Bukit Bintang Park but the Sg Wang Section towards the end part IS A SMALLRAMBUTAN HOLDING!
In 1969 when there was curfew all were told to stay indoors due to May 13 riot. One young man ventured out got shot.
The rambutan plantation is still vivid before me after these many years. This is The Truth. I even posted Sungai Wang Plaza story on my website www.jbhouseforsale.com
I saw the picture about Federal Hotel saying that it was dated 1960. That picture is definitely not 1960 lah.
In late 1960s Federal Hotel Built the Second Addition with A Revolving Restaurant. I still remember these 2 things
1) The Piling of Concrete Caused The Surrounding Houses To Vibrate.
2) My neighbors (naughty boys) stole cement from Federal Hotel Contractors to make "Fish Tanks" In those days young men made their own fish tanks.
And other memories.
Coconut juice was 10 cents Taking Toong Fong Bus to Pudu Town Center was 6 cents Roti Canai also 10 cents Wantan mee only 20 cents (plain) with ingredient (30 cents) Nostalgic memories!
I have both Mulpha & lately added BJ Corp shares due to these reasons
1) Like Mulpha which is near Rock Bottom BJ Corp also fell from RM1.80 to 50 cents.
2) All BJ Corp Subsidiaries have surged 80% to 300% - BJ AUTO, BJ ASSET, BJ FOOD, Atlan & Magni Tech & Others While BJ Corp is still a laggard.
3) Lately One Director Dato Zurainah has suddenly acquired 4.3 Million BJ Corp Icul C shares from the open market. Iculs or Warrants are instrument of Bull Market - it can amplify profit during bull run by higher percentage gain.
4) Company has trigger share buy back at 48 cents & VT himself quietly accumulate millions.
5) Share buyback is proposed again in coming AGM
6) These & other Signs point to Something "BIG" Ahead of BJ Corp.
In 2006 Calvin & Friends bought BJ Corp at 12.5 cents when I saw VT buying & Buying in absence of good news. And to our surprise Goldman Sachs join in at 50 cents. By 2007 BJ Corp jumped above RM1.50 - Up 1,200% in less than one year.
7) BJ Corp has been under performing KLSE for the last 3 years. The time has come for BJ Corp
8) How it will run up we do not know as yet. MOL by VT will be launch soon in the US. Alibaba which was launched recently received overwhelming response.
MOL stands for "MONEY ONLINE", These are the facts:
1) 37% Owned by BJ Corp & 63% by Tan Sri Vincent Tan 2) It is larger than GHL 3) A possible candidate for GST Service Provider 4) Will be Launched in USA Nasdaq at US$14.50 a share.
Abbyloo, honestly, paper loss a lot since holding big lots with my average price 0.46 now. Have been topping up aggressively when price hit 0.43 to 0.435. I really dont have courage to top up now but wait for next month report. But, I m sure I wont sell any. If comparing to skpres, I think I have made a wrong choice, but nobody know how low it can hit n how high it can achieve, since I m a patience holder, will hold it.
Faced with a wall of debt and possible increase in interest rates, there is a very high risk in investing in Mulpha or any property stocks with Johor exposure in the short term.
Most people don't realise that with high debt/gearing and doing developments in bouyant and peaked property markets, this stock is just waiting to be shorted.
RISKS : 1) VERY High debt 2) Low demand / High Vacancy development 3) Interest rate increases
"Only when the tide goes out do you discover who's been swimming naked." -WB
China just banned all new company bond issues. Highly leveraged China developers won't be able to get refinanced now. Iskandar will be Johor's first GHOST CITY.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sengchiek Koh
26 posts
Posted by Sengchiek Koh > 2014-10-01 20:39 | Report Abuse
Waw...going up ready