Tradewinds (M) shareholders approve RM510m building acquisition (Update) KUALA LUMPUR: Shareholders of Tradewinds (M) Bhd approved its plan to buy a proposed building along Jalan Raja Laut for RM510mil at its EGM on Thursday.
The proposed building - called MRT 2 -- would comprise of 31 floors of strata office space with 440 car park bays.
It was learnt that some shareholders had earlier queried the company over the proposed acquisition. The proposal was then put to a vote.
Tradewinds (M) had proposed that its unit, Sovereign Place Sdn Bhd, acquire the building from Skyline Atlantic Sdn Bhd, a unit of Tradewinds Corporation Bhd, for RM510mil cash consideration.
Tradewinds (M) has stated the rationale was the acquisition would allow the group to have its own "Grade A" MSC compliant corporate tower with Green Building accreditation.
Its subsidiaries include Tradewinds Plantation Bhd, Padiberas Nasional Bhd, Mardec Bhd and sugar refinery companies.
TWS has some of the most saught after assets by the foreign funds. While 1st half 2012 may be disappointing, its prospect remains very bright. Rice, Sugar, and Palm oil businesses are the most promising sectors in this turbulent economic times. stock price can easily double from here.
tan88, u sleeping ka? the good times for tws is ordi long over... now cpo low px n raw sugar pulak expensive, tws canot maintain d profit... still has the potential to drop further
anyone can give comment for TWS. Since this counter have drop to attractive point. if based on current dividend 0.45 / current price 6.68 = 6.7% dividend yield. can consider worth to buy?
best price RM6.00 and below...crazy stock....results drop compare last year...highest 2012 rm10.58 , lowest 2012 rm6.35 today... so, no more divided for FYE 2012... better buy gas malaysia at RM2.60... 6.35/2.60= 2.44 times...so, buy 1 lot tws can get 2.5 lots of gas malaysia.. Good dividend..100% payout for 2012.
7.50 is 50MA resistance. Strong bullish where RSI is cutting 50% upward now and same to ADX signals are cutting after both kissign yesterday. If breakout above 7.50, then 7.50 will be the next immediate support. I foresee retracement happen once touch 7.70 and retrace back to 7.50 ~ 7.70 then continue the bullish. Let's see how the signals soon. Note: Gap up continue for 3rd days including today. Bullish is strong.
coming to 7.87 already. Next resistance is 100MA line at 8.10 Don't think today will hit 8.10. If break 7.87, may be moving flat or sideway a while in range of 7.87 ~ 8.10
Yesterday's close with nice candle, not hammer, not too worry. I just get to know they are going to consolidate the bueiness. That's why TA can tell you signal faster than news. Yesterday closure touching the upper band with high volume compare to the day before and almost the same volume to the first 2 days when price up. 3 days continue to gap up. Technically with ignoring the news, the uptrend is pretty convincing. To answer you whether Monday can still up or not, it depends whether you want to E (Entry) on Monday or want to P (Profit taking) on Monday. Next 1-3 days may probably be fluctuating, as I mentioned earlier, where once broke above 50MA line, will fluctuate within 7.50 (50MA line) and 7.70 (upper band). But we know the band and line are changing daily, so, the range may also varies. In short, I think it may have flat in next couple of days before next rally (without refering to news). Normally as i have seen, 3 days continue to gap up, it means extremely bullish and you can see no Hiher Low happening after 4 days price up. Therefore I would expect either flat formation or retracement back to 7.50 level as support. Of course technically it will continue to rebound and trying on 100MA at 8.10 which is about 2 cents above it's NTA of 8.08. So to answer you, you can wait at 7.5x to enter (if you plan to E) or you can sell at any price below 7.70 if you do not want to hold it (if you plan to P). Since news is out, we do not know how they consolidated. I can see TWSCORP and TWSPLNT also surge a lot. One thing I observed, TWSPLNT and TWS has same TA, about 98% similar. But NTA for TWS is 8.08 while TWSPLNT is 3.4705. Therefore TWS is still have room to go north. Hope this helps. Good Luck.
Choon Siang, the predicted PE is 11.46. Here I calculate: Q1 profit = 31,184,000 Q2 profit = 67,865,000 Share issued = 1,168,293,932 Since Q3 and Q4 still not announced, therefore we estimate: [Last Price/{2x(Q1+Q2)/share issued}] = 11.46 Anyway, 11.46 still very attractive.
Good Luck. News out, let's see how the consolidation to be happen.
Choon Siang, Unexpectedly, all indexes not drop serious and MBCI (Malaysia Boleh CI) still up. Today TWS up but the volume is not promising. Today most likely is the start to reverse. The volume for tomorrow and day after tomorrow are the key if upward continue.
oop, so early. Anyway, you still made profit. I will stand at 8.00 above to consider to P. The price is sticking around at 50MA few days and started to seat on it. 20MA is curving up to meet 50MA, so it's good sign for uptrend continuation. Again 7.90 is the recent high will serve as classical resistance which concurrent to upper bollinger band and 100MA. Hence the strongest resistance will be 7.90, as of tomorrow. It must be high volume when breakout 7.90.
actually this is not really good counter. I had it because saw TA rebounding signal and still below it's NTA. i dont really like the boss of this counter. but i love money :)
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Tradewinds (M) shareholders approve RM510m building acquisition (Update)
KUALA LUMPUR: Shareholders of Tradewinds (M) Bhd approved its plan to buy a proposed building along Jalan Raja Laut for RM510mil at its EGM on Thursday.
The proposed building - called MRT 2 -- would comprise of 31 floors of strata office space with 440 car park bays.
It was learnt that some shareholders had earlier queried the company over the proposed acquisition. The proposal was then put to a vote.
Tradewinds (M) had proposed that its unit, Sovereign Place Sdn Bhd, acquire the building from Skyline Atlantic Sdn Bhd, a unit of Tradewinds Corporation Bhd, for RM510mil cash consideration.
Tradewinds (M) has stated the rationale was the acquisition would allow the group to have its own "Grade A" MSC compliant corporate tower with Green Building accreditation.
Its subsidiaries include Tradewinds Plantation Bhd, Padiberas Nasional Bhd, Mardec Bhd and sugar refinery companies.
Further reading: http://biz.thestar.com.my/news/story.asp?file=/2012/6/28/business/20120628143146&sec=business