Posted by ggg123 > 2015-08-24 11:27 | Report Abuse

Many companies will do sbb at this time, or when it go down further. not only ksl.

Posted by N00b > 2015-08-24 15:07 | Report Abuse

Just for the record... I have just reduced my USD holdings by 75%

Posted by i3i2i1 > 2015-08-24 15:34 | Report Abuse

i sold all... kiss goodbye to KSL... i wait when bottoms is found... else.. sink with titanic

Posted by kenneth89 > 2015-08-24 15:37 | Report Abuse

how much u sold and quantity?

Posted by upsidedown119 > 2015-08-24 15:38 | Report Abuse

NOOb. Which currency did you exchange your USD for if you don't mind sharing?

Posted by i3i2i1 > 2015-08-24 16:57 | Report Abuse

not much :) but i sold almost 75% of my portfolio.... danger sign too huge now... then wait for buy call when things settle down.. no sign of thickface will sign off, DOW really bad sign.. and whole asia..

Posted by kenneth89 > 2015-08-24 16:59 | Report Abuse

china drop 900 point...

Posted by upsidedown119 > 2015-08-24 17:18 | Report Abuse

I am still investing today, although just holding in KSL.

Posted by kenneth89 > 2015-08-24 17:25 | Report Abuse

at least ksl management support ... other counter drop like nobody business

Posted by upsidedown119 > 2015-08-24 17:30 | Report Abuse

Matrix's stable.

Posted by kenneth89 > 2015-08-24 21:18 | Report Abuse

management buy back again today, tomorrow challenge KLSE

Posted by N00b > 2015-08-25 07:34 | Report Abuse

@Upsidedown119

AUD, SGD, CNY, MYR, and I am thinking about CHF

Posted by i3i2i1 > 2015-08-25 09:08 | Report Abuse

hope for the best.. besides KSL have downtrend too much since Feb2015

Posted by ggg123 > 2015-08-25 09:22 | Report Abuse

Queuing below RM1.35, dividend yield of 7%

Posted by kenneth89 > 2015-08-25 09:34 | Report Abuse

pe 1.89.. funny counter

Posted by ggg123 > 2015-08-25 09:37 | Report Abuse

PE is not 1.89, that is based on revaluation. Actual PE is 5+

Posted by kenneth89 > 2015-08-25 09:51 | Report Abuse

give a good profit report... with special dividend =)

Posted by upsidedown119 > 2015-08-25 10:30 | Report Abuse

NOOb. And I am into SGD and RMB. I hold some USD too.

Posted by ggg123 > 2015-08-25 10:31 | Report Abuse

kenneth89, two more days for sell off, then profit report.

Posted by kenneth89 > 2015-08-25 10:34 | Report Abuse

KLSE STREAMING RIGHT NOW..

Posted by hng33 > 2015-08-25 11:00 | Report Abuse

Bought KSL at 1.34

Posted by ggg123 > 2015-08-25 11:05 | Report Abuse

Not comfortable with the PE yet, had already bought into Matrix this morning with <5 PE. Waiting for RM1.30.

Posted by hng33 > 2015-08-25 12:58 | Report Abuse

ggg123

Agreed, KSL still have room to going down if upcoming result cannot meet market expectation. Just bought some at 1.34 and wait for more downside

I'm bit concern over KSL current strategy to focus more on high rise development instead of landed properties....Just recently launched in Taman Rinting, Pasir Gudang.....service apartment MINIMUM RM 460 psft, price RM 480k for unit size 1060 sft!!?? 560 sft apartment need RM 280k.....I think is BIG mismatch in price vs market demand

Posted by yfchong > 2015-08-25 13:54 | Report Abuse

i Q buy Rm 1.30........,my agent also tak layan me.......,

Posted by upsidedown119 > 2015-08-25 14:12 | Report Abuse

Fall of ringgit against SGD expected to boost demand from Singapore.

Posted by upsidedown119 > 2015-08-25 14:41 | Report Abuse

The building of apartments has always targeted Singapore. Sing gov tried to stop it by raising the daily transit rate across the causeway. But if bought for capital appreciation's OK.

Posted by ggg123 > 2015-08-25 14:42 | Report Abuse

Any comments on the monstrous volume of sell Q?

Posted by kenneth89 > 2015-08-25 14:46 | Report Abuse

THIS COMING REPORT WILL LET US KNOW THE TRUE

Posted by kenneth89 > 2015-08-25 14:47 | Report Abuse

BASE ON CURRENT SITUATION... MANAGEMENT YET BUY BACK... HOPE 3 PM THEY WILL START TO BUY BACK THEIR SHARE.... TO 1.35

Posted by upsidedown119 > 2015-08-25 15:09 | Report Abuse

The monstrous volume is to buy, not sell. Cheap sale going on in KSL. It has become a safe haven stock with solid and massively undervalued REAL assets AND committed dividends of 40% of net operating profits. Where to get? But watch out for the wolves and their KSL insiders handlers. But next time they raided, it's likely they will be jailed!

Posted by ggg123 > 2015-08-25 15:13 | Report Abuse

I am referring to the monstrous volume that is queued for selling at 1.35 and 1.34. So far the selling has been ongoing since morning, at 1.33 and 1.34.

Posted by upsidedown119 > 2015-08-25 15:26 | Report Abuse

ggg123. Matrix's very stable.

Posted by ggg123 > 2015-08-25 15:28 | Report Abuse

Yes, already bought in at lower range of 2.10 this morning. Now considering KSL.

Posted by upsidedown119 > 2015-08-25 15:47 | Report Abuse

ggg123. Why do you think Matrix's so stable? Care to share?

Posted by hng33 > 2015-08-25 15:51 | Report Abuse

upsidedown119

'Fall of ringgit against SGD expected to boost demand from Singapore' the statement can only correct partially.......I think for those Singporean already invested may be very regret now to invest any properties in iskandar....invest in depreciate service apartment in turn of currency LOSS and diminishing if there is ever capital gain due to oversupply......it may however, can still entice only NEW batch of Singaporean now due to sharp gap in turn of absolute pricing between Singapore and Iskandar....

Posted by hng33 > 2015-08-25 16:11 | Report Abuse

There are now a new phenomena, instead of Singaporean or people working in Singapore, earn SGD opt to change Ringgit due to sharp appreciation, it is now reverse...... Singaporean, people working in Singapore, earn SGD and Malaysian opt to keep their SGD or less keen to change to ringgit and some Malaysian even opt to change their ringgit to SGD to keep their value as expect Ringgit will may continue to FALLLLLL. If these situation continue, it will defer investor to buy Iskandar property in ringgit in order to protect their SGD value

Posted by upsidedown119 > 2015-08-25 16:17 | Report Abuse

hng33. The fall of the ringgit of 15% against SGD (25% against USD) is not yet big enough to spark a rush into Iskandar properties. But USD is not perceived to be stable in the next 3-6 months. The safe-haven currency in the Asia-Pacific region is likely to be Singapore (already a safe-haven for ASEAN). If the USD in turn falls against YUAN and EURO, the rush of money from Asia-Pacific is likely to be into safe and stable Singapore and equally stable SGD. This will spark a lending splurge by Singapore Banks. Since they do not want properties in Singapore to sky-rocket in price, they will channel the cash to Iskandar and its massive ready-for-sale properties. Watch out for a relaxation of Causeway daily charges as a signal. That's my take at the moment.

Posted by upsidedown119 > 2015-08-25 16:19 | Report Abuse

The interest is in index-linked stocks today signalling a recovery. Tomorrow the second and third liners?

Posted by ggg123 > 2015-08-25 16:20 | Report Abuse

upsidedown119 ggg123. Why do you think Matrix's so stable? Care to share?
25/08/2015 15:47

As I shared in earlier posts, my view is that it is due to investor confidence and sentiment on:

(1) High degree of certainty of outperforming FY2014 profit. First half profit already >50% of last year. Backed up by consistently strong sales record in past few quarters, which will be converted into revenue and profit for next few quarters until 2016.

(2) Based on analyst reports, buyers from KL/Selangor are increasing due to spillover from expensive and unaffordable homes.

(3) Dividend yield of 6.5% based on FY2014 profit. This excludes special dividend, which would lead the yield to be higher. As FY2015 will be higher profit, so the yield should be higher.

In short, FY2015 and first half of 2016 is certain to have good results. After that, not sure anymore, it's anyone's guess.

(4) Consistent performance by management to deliver results and reward shareholders since listing, which leads to the company have many strong supporters. KSL does not have this benefit since they missed results guidance, this can be seen in the first wave of massive selloff after adjusted TP by Kenanga.

(5) Diversification into high-rise KL properties.

(6) Although overall property sector sentiment is down and has hit Matrix's share price, KSL is further hit by the second sentiment on Johor oversupply.

Also as I posted on Matrix page:

ggg123 Note: The first two dividend payments for FY2015 are only 30% of net profit, which is below the 40% policy. Also, the 2nd interim dividend ex-date has not yet passed. So you will be getting 2nd interim dividend, and also 3rd & 4th which will be higher in order to meet the 40% policy. Good deal. 25/08/2015 10:14

Posted by upsidedown119 > 2015-08-25 16:25 | Report Abuse

ggg123. Yeah, KSL's reported quarter to quarter profits were not stable, smacks of manipulation to tamp down the share price so that insiders and their wolves can collect.

Posted by ggg123 > 2015-08-25 16:26 | Report Abuse

Picked up a little at RM1.33 as it is already slightly reasonable based on the high dividend yield.

Posted by yfchong > 2015-08-25 16:38 | Report Abuse

go straight to Rm 1.30..., can buy lah..,

Posted by hng33 > 2015-08-25 17:16 | Report Abuse

Johor Sultan: Stem economic woes now

In a rare royal reprimand against Putrajaya, Sultan Ibrahim Ismail Iskandar of Johor called on the federal government to resolve the instability facing the country as well as the falling ringgit......

http://www.malaysiakini.com/news/309786

Remark: Even Johor Sultan unprecedented also raise BIG concern over falling ringgit and political instability.....it have resulting slumping demand in Johor properties market, as savvy investor unlikely want to invest in country with depreciating currency and unstable political.

It MUST restore back to normal track (get rid of corrupted leader as fast as possible), restore back investor confident, stabilizing currency, before Iskandar can recover back and attract Singaporean buyer to buy Iskandar properties by capitalizing their strong SGD.

Posted by sultanpukimak > 2015-08-25 17:18 |

Post removed.Why?

Posted by ggg123 > 2015-08-25 17:20 | Report Abuse

Any comments on Hua Yang? Lower PE and higher dividend yield.

Posted by Alex Lee > 2015-08-25 17:50 | Report Abuse

What you all think of KSL upside in short-term? Looks like they bought back shares past few days.

Posted by kenneth89 > 2015-08-25 19:28 | Report Abuse

everyday they buy back, any news behind?

Posted by wisdomtot > 2015-08-25 19:41 | Report Abuse

DRP share price much higher...

Posted by choonyong > 2015-08-25 22:30 | Report Abuse

Property share, affected by politic government. who is going to buy property at current situation, lock in long term physical investment. it is just a normal practise of buy back scheme, more of company is doing that. Wait for the quarter result. Low will go lower.

Posted by chinchiahor > 2015-08-25 23:11 | Report Abuse

for sure the company is buying back shares with undoubted knowledge of its higher intrinsic value & much profit to be gained over time. Current mkt sentiment is extremely irrational, opportunity for the cool headed.