Posted by Skliew > 2016-11-28 17:47 | Report Abuse

Can safely invest in Ho Hup as the the market price now is lower than some major shareholders' average cost w/o taking in the holding costs.:)

Posted by buddyinvest > 2016-11-28 20:18 | Report Abuse

Bullrun18 or bear run? You better run. Don't get stuck here.

Posted by Skliew > 2016-11-29 00:23 | Report Abuse

Bullrun 18, The guy who asked you to sell Ho Hup and switch to FGV group would have brought you to Holland should you have listened to him! Haha! :)

Posted by Skliew > 2016-11-29 14:12 | Report Abuse

This is like a secured concession with assured cash flow year after year for a total of 800 million. At the same time, there will be additional surprise on securing of new construction jobs. Additionally, the 5 acres prime land at KK which is at the commercial center in the neighborhood of Shangri-la hotel, Time Squar and Jefferson will add another feather to the cap. The market value of the land is already fetching 185millions.

Posted by moneycashrich > 2016-11-29 15:03 | Report Abuse

Calls for sell now is an afterthought only. Buyers are coming in at low prices. Who do not want to make some pocket money.

Posted by Skliew > 2016-11-30 17:07 | Report Abuse

bullrun 18, you got cheaper. My average 74. Now has to sit tight. Remember to fasten seat belts. Don't let the operator shake us out ! LOL :)

Posted by GoldenShares > 2016-11-30 17:12 | Report Abuse

Skliew, hohup and malton, which one better ? : )

Posted by Skliew > 2016-11-30 18:49 | Report Abuse

GoldenShares, nice meeting you here. Ho Hup doesn't have to carry the risks for the success of the mall. Profitability is assured at 18% GDV for the whole of BJC project estimated at 4.5Billions as you already know. The fiixed operating overheads for Ho Hup is relatively lean as she has just out of PN17. From the change in shareholdings reported in Bursa, a major shareholder mopped up 20 over millions shares from the open market at more than RM1 average and as hugh as 1.40. Furthermore, EPS for Ho Hup is 20+sen.... It also involves in Construction though the margin from construction is thinner... but there might be pleasant surprises along the way..... :)

Posted by ivan9511 > 2016-11-30 18:57 | Report Abuse

GoldenShares Skliew, hohup and malton, which one better ? :

I also want to ask
hopup seem ok abit ?


Skliew y hop up no give dividend like Malton even earn many money now ?

Posted by Skliew > 2016-11-30 19:28 | Report Abuse

There is no cash flow to Ho Hup from the jv project with Malton yet as Malton had helped to settle Ho Hup's 80millions loan on the 60acres land charged to CIMB and Malton then take over the land and recharged it to Insas Credit and Leasing after the JDA was signed.The initial proceeds of Ho Hup's entitlements has to be used to offset the loan plus interests first. So far the total entitlements from the jv is 73.5millions. Soon, there will be net cash flow to Ho Hup from the jv BJC project with Malton. Furthermore, Ho Hup is changing in business direction, she now would like to focus on property development as it is more profitable. So, much cash is used to buy land. They had forked out 30millions to buy the KK land which I think is a good buy. And the jv land in Kulai, 429 acres, sitting in an oil palm plantation but it is cheap and need to fork out cash over a long period of 7 years as development progresses, if I am not mistaken. In BJC, the Aurora Place, they are building an 18 storeys office block for recurring incomes. So,Ho Hup needs cash to build business to generate incomes and they have called for a right issues. The CEO was reported to consider paying dividends from next year onwards..... :)

Posted by Skliew > 2016-11-30 20:09 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_GA_Attachments&id=43045

The Joint Development Agreement with Malton in BJC. Pls note the 80 mil loan and repayments...

Posted by GoldenShares > 2016-11-30 20:11 | Report Abuse

Thank you, Skliew, you r good, : )

Posted by ivan9511 > 2016-11-30 20:13 | Report Abuse

than Skliew

Posted by GoldenShares > 2016-11-30 20:15 | Report Abuse

i have sold all my malton at 0.75 - 0.77, will consider hohup since desmond is now focus on WCT and i think the construction project will be awarded to wct i/o malton, : )

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Posted by Skliew > 2016-11-30 22:34 | Report Abuse

Ho hup is fundamentally super undervalued! No need to read charts ! just buy and sit tight! Can go double since a major shareholder sitting in the board bought at 1.30-1.50 1-2 years ago!

Disclaimer: buy/sell at your own risks! :)

Posted by Skliew > 2016-11-30 23:54 | Report Abuse

Bullrun 18, that should be the mentality of investing in fundamentally sound stocks like Hohup. Just take it that we have bought the apartments in BJC and wait for it to be handed over by the end of 2019. Then we will see the returns!! By then the whole BJC project may have come to ending.... Imagine how much money has come in to Hohup' s coffer. :)

Posted by Skliew > 2016-12-01 09:50 | Report Abuse

Buy 1 million Hohup shares now costs rm700k+, when the service apartment due for taken vacant possession, then sell 500K shares, maybe the sales proceeds then is enough to buy a unit of the apartment in the secondary market..ha! :)

Posted by lloydlim > 2016-12-01 10:56 | Report Abuse

Sounds reasonable, well said Skliew, time to accumulate!

Posted by JamesPond > 2016-12-01 11:40 | Report Abuse

Yes, by then it could be RM5 per share, 500K shares more than enough to buy 1 unit.....but it could also be RM0.05 per share, enough to buy apartment in Timbuktu. Kakakaka

Posted by Skliew > 2016-12-01 16:17 | Report Abuse

:) haha! Lol !

Posted by buddyinvest > 2016-12-01 20:02 | Report Abuse

Bullrun18, you hari-hari hohup. You bought from 1.10 until 0.72. Still not yet give up kah? Good luck to you.

Posted by Skliew > 2016-12-06 11:30 | Report Abuse

Haha! Bought and just sit tight. No worries!
The land value as appraised by knight frank malaysia sdn bhd, the indicative value is 185millions. The company is in the midst of submitting plans and the launching could be in the 2nd half of 2017.

http://www.thestar.com.my/business/business-news/2015/06/26/ho-hup-to-undertake-jv-mixed-development-project-in-kota-kinabalu/

Posted by Skliew > 2016-12-06 11:57 | Report Abuse

Just Google "kota kinabalu terminal bas (pusat) bandaraya" will find the exact location of the land on the map. :)

Posted by Skliew > 2016-12-06 12:10 | Report Abuse

Ho Hup's entitlement for the project REV.O at the BJC on top of Aurora Place is 18% of the GDV which is about 170mil.

Posted by Invest33 > 2016-12-06 12:16 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_GA_Attachments&id=43045

http://klse.i3investor.com/blogs/icon8888/70215.jsp

Posted by Skliew > 2016-12-06 13:19 | Report Abuse

REV.O project is a jv with mbmland. It is built on top of the Aurora Place which is on the 10 acres land, own development by Hohup. The GDV is about 170mil, 18% entitlement is 30.6mil... :)

Posted by Skliew > 2016-12-06 17:07 | Report Abuse

Ho hup actually has 75%x70%=52.5% of the land. So the jv co paid 57.15mil for that piece of land. :) Now, there is an unrealised paper gain of 127.85mil on that piece of land and HoHup's share of the paper profits is 67mil :)

Posted by Skliew > 2016-12-06 17:33 | Report Abuse

Buy hohup can sleep well. There are so much values in it and the earnings are visible.

Disclaimer: Buy/Sell at your own risks. ...

Posted by Skliew > 2016-12-06 19:55 | Report Abuse

Haha! JV in BJC alone already let us have peace of mind, after all we bought at the current fire sales prices ! :)

Posted by Skliew > 2016-12-07 10:00 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_GA_Attachments&id=43045

http://klse.i3investor.com/blogs/icon8888/70215.jsp

So much assured incomes from the Joint Development Agreement from Bukit Jalil City with Malton.

270millions GDV from signature shops, scheduled to hand over by June/Sept 17, 18% is 48.6mil, coming in over the next 12 months, 800mil GDV( or 144mil incomes) over the next 3 years from Park 1 and retail shops.... Park 2 is being soft launched, 71% of 1 tower already booked. GDV for park 2 estimated at 500mil, (90mil from 2017-2021), the mall gdv 1billion to be completed by 2019..... 2 hotel blocks and 1 office tower yet to be launched..... So Much Money there!

This is really Hohup' s cash cow .....

The investment fraternity doesn't see this ? :)

Posted by Skliew > 2016-12-07 16:33 | Report Abuse

Bullrun 18, yes,you are right. But I am talking about the unbilled portion as of 1st Oct 2016. It's about 50% of RM543mil. :)

Posted by Skliew > 2016-12-07 16:40 | Report Abuse

I try to project the cash flow from the jv project. Now that the 80 million advance payments from Malton to settle the previous land charge would be set off soon. The set off is against the entitlements which uptodate is 73.5mil, the balance would not be much..... :)

Posted by Skliew > 2016-12-07 16:59 | Report Abuse

There's 30.6mil entitlements from REV.O, 18% of 170mil from Mbmland. FY2015 collected 4.2mil, FY 2014, 0.98mil. Balance still 25mil. This year no report of receiving any entitlement from this JV. A lot of Cash coming in ..... :)

Posted by lloydlim > 2016-12-07 22:23 | Report Abuse

Let's all in tomorrow guys!

Posted by moneycashrich > 2016-12-09 15:18 | Report Abuse

Thanks to SKliew and Bullrun18 for u insight.

Posted by Skliew > 2016-12-09 17:14 | Report Abuse

Daily MACD is positive for consecutive 3 days already. Today break up of 75 resistance. Parabolic
SAR emanating BUY signal, break up of the downtrend line from 88sen since mid August...Technically POSITIVE.

Posted by Skliew > 2016-12-10 08:55 | Report Abuse

So, Hohup'S entitlement is 360millions , 18% of 2 Billions!

Posted by Skliew > 2016-12-10 09:09 | Report Abuse

The Edge weekly dated Dec 12th, 2016, page 32, has a corporate story on HO HUP Titled:
EXCITING TIMES AHEAD FOR HO HUP ! :)

Posted by Skliew > 2016-12-10 10:00 | Report Abuse

Own 18% physically or 18% the lettable space and other common areas and amenities and car park lots. Ho hup would not bear the construction costs or and debts incurred for the construction of the mall. It is a clean sleek of 18%. :)

Posted by Skliew > 2016-12-10 11:14 | Report Abuse

http://www.thestar.com.my/business/business-news/2015/09/18/pavilion-reit-to-buy-usj-mall-for-rm488mil/

Damen in USJ 420,920 Sq ft with 1672 car park sold to Pavilion REIT for 488 Millions

Posted by Skliew > 2016-12-10 11:16 | Report Abuse

2 Billions for Pavilion 2 is conservative! :)

Posted by smalltimer > 2016-12-10 11:16 | Report Abuse

in the futute..we may not b around

Posted by Skliew > 2016-12-10 11:23 | Report Abuse

The mall will be ready by end of 2019! I hope you are still around ! :)

Posted by Skliew > 2016-12-10 11:31 | Report Abuse

Malton is actually also very good but can't be sure of the profitability margin and there are the risks in the Mall being successfully leased out in view of bleak economic outlook, though with the brand Pavilion and world renowned mall designers, the chance of success is very high! It is much more risk adverse by investing in Ho Hup comparative. :)

Posted by Skliew > 2016-12-10 11:38 | Report Abuse

Yes... Let hope Ho Hup BOD is tough enough in negotiating with TSRDLSC... haha!

Posted by Skliew > 2016-12-10 11:41 | Report Abuse

DSTKK and DSMSK are good and seasoned businessmen with good business acumen anyway. Have confidence in them

Posted by Skliew > 2016-12-10 11:45 | Report Abuse

DSTKK's INSAS bought Ho Hup shares as high as 1.40 He surely knows the value of Hohup and will surely take care of Ho Hup's interests...

Posted by buddyinvest > 2016-12-10 12:15 | Report Abuse

Sound very desperate entering into the wrong sector. Hehe

Posted by Skliew > 2016-12-10 13:37 | Report Abuse

Already with paper profits! :)