Posted by 27055825 > 2017-05-27 16:12 | Report Abuse

second wave starts next week !!!!
not late to buy in !!!

Posted by ObamaOsama > 2017-05-27 16:42 | Report Abuse

Really? Almost 30mil shares sold @0.135 on friday despite the news coming out. The news was just about construction project which investors were expecting already isn't it? And the fact that the price rallied all the way to even the current price of 0.135 is already showing quite a huge overpricing of the share which was supposed to only be around 0.105 or 0.110 (if market is optimistic) . And let's not forget the private placement causing more dilution to the eps. Wonder why people like to overstate news. It is a good news yes but even with that news, the price of 0.135 is way overvalued!

Posted by conair99 > 2017-05-27 17:44 | Report Abuse

Time will tell is overvalue or undervalue!! Don't bark here

Posted by Crazy11223 > 2017-05-27 18:05 | Report Abuse

Teh Diven hv sold out at 0.05, so he is wasting to exist here

Posted by char1234 > 2017-05-27 20:22 | Report Abuse

new high n drop back support level at 14....looks like downtrend more likely as

Posted by char1234 > 2017-05-27 20:23 | Report Abuse

sp0094 sugguests

Posted by Teh Diven > 2017-05-27 20:49 | Report Abuse

Up 16 drop to .135, not worth to keep. No support.

Posted by ngch > 2017-05-27 21:09 | Report Abuse

http://www.concordregister.com/luster-industries-bhd-5068-kl-needle-moving-on-volume/

Posted by quahsb > 2017-05-27 21:26 | Report Abuse

Overvalued, then good to sell off lor

Posted by ngch > 2017-05-28 01:35 | Report Abuse

Write a comment alot dump at 0.135 especially after 2.30pm,
When the buy que at 0.135 almost finish, suddenly 9M volume (9Mx0.135 = RM 1.2M) come into support. If without support, the que may be will become buy0.130/0.135sell

Posted by ngch > 2017-05-28 01:54 | Report Abuse

From what we know so far,

1) 1Q2017 good quarter （real）
2.) Get the project for construction (real)
3.) New Owner coming （ To be confirmed）

达证券指出，林时星减持股票之际，该公司股价却逆市走高。去年10月至今，其股价由6仙涨至昨日的12仙，林时星同时卖出1000万股。
(from an article at sin chew with title 迎新股东．股价走高．鲁斯特赌场料启动 )

From all previous announcement, directors, suncity and from ESOS disposed quite alot number of shares into open market

So two thing abnormal here,

1.) When people disposed, but the price go up.."WHO" come into support?
2.) "WHY" the person support the price and push up when alot ppl disposed?

This is very FISHY!!

Just personally opinion, not a buy/sell call.

Posted by quahsb > 2017-05-28 05:41 | Report Abuse

Good observation

Posted by master_tan > 2017-05-28 09:33 | Report Abuse

I think some thing is brewing behind too. Else base on the earning, the share worth only 0.06sen nia.

Posted by ObamaOsama > 2017-05-28 13:47 | Report Abuse

This is just like in 2013 when prices shoot up for absolutely no reason. Of course, there are countless of rumors to convince the public to keep buying and buying before it all crashes and it came tumbling down. Who do you think did the so called "support" back then? This so called "support" had been buying and disposing at a slightly higher price while the public is fooled into buying it over and over again. In the long run, maybe (or maybe not) the turning over to the construction business would be profitable, but smart investors don't jump to such a conclusion and buy it up just from small news.

Posted by melvintcs > 2017-05-28 14:34 | Report Abuse

hv good news. Monday will up?

Posted by Teh Diven > 2017-05-28 16:43 | Report Abuse

Will go up? Ini luster lah. Not iwcity.....ini luster always gostan gostan like nobody business

Posted by ObamaOsama > 2017-05-28 18:09 | Report Abuse

Why go up? News was already out on friday but instead of up, it went down

Posted by melvintcs > 2017-05-28 21:42 | Report Abuse

then fk stock la

Posted by char1234 > 2017-05-28 22:00 | Report Abuse

construction deal confirmed ? how much is d project ?

Posted by Shines > 2017-05-28 23:08 | Report Abuse

It is always the case, buy on rumours and sell on facts

Posted by Teh Diven > 2017-05-28 23:08 | Report Abuse

Tp 16 already achieved.

Posted by ObamaOsama > 2017-05-29 08:53 | Report Abuse

Thats because rumours are not as great as facts and therefore stocks are overvalued

Posted by char1234 > 2017-05-29 09:29 | Report Abuse

tp 16.....looks like it

Posted by char1234 > 2017-05-29 09:45 | Report Abuse

game over

Posted by Saberspreez > 2017-05-29 09:56 | Report Abuse

game begin.

Posted by ObamaOsama > 2017-05-29 12:01 | Report Abuse

Better sell off 0.135 before it all finish

Posted by Saberspreez > 2017-05-29 14:41 | Report Abuse

Ya, obama try to persuade u all to sell off so that he can buy in enter low price. if really not that good, why r u still here. say bye to the team n f o

Posted by Crazy11223 > 2017-05-29 15:47 | Report Abuse

Coming RM3

Posted by Teh Diven > 2017-05-29 16:12 | Report Abuse

U r rite coming .13 cts

Posted by Teh Diven > 2017-05-29 16:12 | Report Abuse

Selling down

Posted by smelly_captain > 2017-05-29 16:31 | Report Abuse

Hmm...hitting rock bottom today...and we all know what happens after that when something hit rock bottom...let's rest for maybe 2 days and then watch some shooting stars...captain out...

Posted by char1234 > 2017-05-29 16:41 | Report Abuse

wow....real profit taking

Posted by smelly_captain > 2017-05-29 17:06 | Report Abuse

Well market is bad now, we are all taking a rest. But give us 2 days and you will see some really awesome graph for luster...=)

Posted by char1234 > 2017-05-29 17:14 | Report Abuse

rock bottom already ?

Posted by celaka > 2017-05-29 17:42 | Report Abuse

time boom coming

Posted by emil123456 > 2017-05-29 17:44 | Report Abuse

Market sentiment not good these few days. TA securities give the target price of 13 cents

New property project:
Luster Industries (Luster) entered into a project financing, management and
construction agreement with GDW Mengkuang (GDW) to appoint Luster to act
as the project financier, project manager and contractor for the development of
a portion of the land, measuring 84 acres, in Bertam, Seberang Prai, Penang.

Our view:
We are positive on the agreement as the group does not need to fork out
substantial amount to indirectly own and develop the 84-acres land. The
payments to PERDA (RM13.2mn) will only be made progressively over a period
of time before the project is completed. In addition, the effective land cost for
Luster of RM5.0psf, after taking into account payments to PERDA and
compensation to PTP, is at a steep discount to RM38psf for residential land in
Bertam.
As far as sales are concerned, the project location is approximately 2km away
from Tesco, Mydin and Sunshine Bertam shopping mall. As such, we believe the
demand would be overwhelming for these affordable properties, which will be
priced at approximately RM200,000 for a unit of terrace house. Looking at past
transactions, we understand from management that all 451 units of properties,
which situated on the same land, were fully sold when the project was launched
two years ago.
In terms of construction risk, it is low as compared with a greenfield project.
Note that this project has received all necessary approval for Luster to launch
immediately. The land has also installed with some basic infrastructure

Diversifying into property development:
It is announced that Luster will seek approvals from its shareholders to diversify
into the construction and property development business in due course if
required. This indicates that profit contribution from this segment is expected
to be substantial as opposed to current profit. After securing three property
development projects since Mar-16 (see Figure 1), i.e.: Taman Tasik 1Malaysia,
Alwaqf and Bertam project, worth a combined GDV of estimated RM261mn,
property development is expected to be one of the key earnings drivers in the
future.

Financial impact:
We raise our FY17-19 earnings projections by 32-79% to factor in contribution
from Bertam housing project

Recommendation:
We raise Luster’s DCF valuation to 13.0sen/share (from 11.0sen/share
previously), based on a revised discount rate of 13% (from 14% previously).
The change in discount rate is to commensurate the earnings risk, which we
believe would be substantially reduced after diversifying into construction and
property. Note that the housing projects secured so far are all on JV basis, which
the group does not have to fork out massive investment for land purchase.
Furthermore, as the projects comprise mainly affordable houses, sales of
properties are expected to be overwhelming.
We reiterate Sell recommendation on Luster as the stock remains overvalued.
Re-rating catalysts include: 1) securing new manufacturing contracts and
housing development contracts, and 2) revival of casino project in Cambodia.

Posted by smelly_captain > 2017-05-29 18:04 | Report Abuse

Yup this is rock bottom trust me, =) anything below that would be free money for us

Posted by ngch > 2017-05-29 18:24 | Report Abuse

smelly captain
seem down ald

Posted by char1234 > 2017-05-29 20:21 | Report Abuse

difficult to imagine can rebound..

Posted by smelly_captain > 2017-05-29 20:30 | Report Abuse

Hahaha...look at the graph for the past 4 months, what makes you think it is hard? Give it time and there will be a good ending trust me..all the statistics above failed to consider one very important thing. Something few of us know that would drive this stock up like mad =)

Posted by ngch > 2017-05-29 21:25 | Report Abuse

smelly captain, i believe now even promote also no one dare to buy, the selling pressure very huge, while the buyer too little. This counter up without reason, even now down also no one want to buy. As people might only think this is goreng stock only. If continue like this, very fast 0.12

Posted by Junhao > 2017-05-29 21:26 | Report Abuse

Director dispose at 0.14 and wife acquired at 0.135 on the same day....

Posted by ngch > 2017-05-29 21:35 | Report Abuse

Husband disposed for 0.9% while wife acquired for about 0.009%

Posted by 27055825 > 2017-05-29 22:02 | Report Abuse

husband disposed off market wife buys from open market.
something is cooking!!!!

Posted by ngch > 2017-05-29 22:14 | Report Abuse

Any idea what situation

Posted by HowAh > 2017-05-29 22:20 | Report Abuse

Sei lor

Posted by ngch > 2017-05-29 22:25 | Report Abuse

Good or bad?

Posted by 27055825 > 2017-05-29 22:54 | Report Abuse

its a good sign !

Posted by smelly_captain > 2017-05-29 22:58 | Report Abuse

it is all part of the plan.....time....that's all we need =)......don't trust me? Go ahead and sell it, and wait for me to say "i told you so"

Posted by ngch > 2017-05-29 22:58 | Report Abuse

smelly captain, u look like know something ....