Posted by tedbeh > 2013-09-12 09:13 | Report Abuse

The selling of water assets will justify that Tan Sri wants to come in to a very clean and pure property firm

Posted by tedbeh > 2013-09-12 09:13 | Report Abuse

It will only be seen in mid term, I think

Posted by JTFX > 2013-09-12 09:17 | Report Abuse

a step towards the re direction of the co. twds prop sector via JV with ecoworld Iskandar w Liew's son...

Posted by TESSA > 2013-09-12 09:17 | Report Abuse

C'MON SALCON MOVE UP UP UP!

Posted by tedbeh > 2013-09-12 09:26 | Report Abuse

Need accountant to advise. Their NTA is 0.78, I assume that this already included the assets in China, assuming they sell with 10%, premium, meaning NTA is about 0.86, but they won't have the assets anymore, they have cash. So, is hood or not? Can the share price break 0.80? I have no idea

Posted by JTFX > 2013-09-12 09:29 | Report Abuse

can hood kaw kaw..

Posted by TESSA > 2013-09-12 09:31 | Report Abuse

any accountant out there? the news link http://www.freemalaysiatoday.com/category/business/2013/07/31/three-companies-shortlisted-for-langat-2-water-project-2/

Posted by topseeker > 2013-09-12 09:48 | Report Abuse

buy before too late ... when news out .. sure go up...

Posted by TESSA > 2013-09-12 10:10 | Report Abuse

http://www.theedgemalaysia.com/highlights/254248-stocks-to-watch-water-and-index-stocks-astro-stemlife-narrahl-industries-cbip-lfe.html

Posted by tedbeh > 2013-09-12 11:31 | Report Abuse

Very strange. The price doesn't move at all after the news....

Posted by TESSA > 2013-09-12 11:36 | Report Abuse

get up get up get up :(

Posted by messi > 2013-09-12 11:36 | Report Abuse

Not so soon, Langat 2 project will be announced only in Dec

Posted by peter89 > 2013-09-12 12:27 | Report Abuse

can any1 tell me y sum1 keep pressing down the price at 0.7? seem like dun like it break it

Posted by tedbeh > 2013-09-12 14:05 | Report Abuse

My guess, if Tan Sri Liew is to take over, for sure he will press down the price so that his entry cost is lower

Posted by peter89 > 2013-09-12 14:22 | Report Abuse

walao, big big stone at 0.700. wat happen==?

Posted by hiddengem > 2013-09-12 14:31 | Report Abuse

tedbeh when is Tan Sri Liew taking over SALCON? Also watch out whether Eco World hv been accumulating SALCON shares n becoming a substantial shareholder becos this Co is under the property arm of Tan Sri Liew's son.

Posted by Pak Lah > 2013-09-12 14:53 | Report Abuse

Lucky I run away yesterday at 0.715. Buy again when the price drops below RM0.60

Posted by TESSA > 2013-09-12 15:02 | Report Abuse

http://www.salcon.com.my/

Posted by tedbeh > 2013-09-12 15:05 | Report Abuse

Hi hidden gem, I think he won't take over before Salcon clearing their water assets, earliest will be next year, if our guess is true

Posted by hiddengem > 2013-09-12 15:08 | Report Abuse

Arigato gozaimas

Posted by messi > 2013-09-12 15:14 | Report Abuse

Buy & hold for a while......

Salcon targets ‘big jump’ from property business

http://www.freemalaysiatoday.com/category/business/2013/07/31/salcon-targets-%E2%80%98big-jump%E2%80%99-from-property-business/

Posted by Hafiz_444 > 2013-09-12 15:21 | Report Abuse

what happen not up today.

Posted by peter89 > 2013-09-12 15:57 | Report Abuse

u ask tat 1 keep throwing out at 0.700.. kns him. so tulan him..alway block at tat price.

Posted by koisewchay > 2013-09-12 16:20 | Report Abuse

may be from private placement shares (53.92m)

Posted by tedbeh > 2013-09-12 16:30 | Report Abuse

I guess the price will move after the situation is clear, which means after Salcon disposes all his water assets and Tan Sri Liew comes in. Just a point of concern, Peoperty Business is very tough in the coming future especially after the new budget as government trying to curb the speculation, I wonder whether the timing is right for Salcon. For me, Salcon short term target could be between 0,.75 to 0.85 when they announce the disposal of water asset, it will only fly after the annoucement of their new partner in property development

Posted by peter89 > 2013-09-12 16:36 | Report Abuse

all related water shares oso riding rocket now. oni salcon. gt ppl keep pressing it. i wonder why

Posted by stockcrazy > 2013-09-12 17:34 | Report Abuse

somebody collecting for next uptrend... warrant are forming uptrend...

Posted by JTFX > 2013-09-12 17:48 | Report Abuse

salcon sells 6water concession for rm518 mio...the edge....

Posted by tedbeh > 2013-09-12 18:03 | Report Abuse

How much money can they take back after paying off the debt?

Posted by tedbeh > 2013-09-12 18:35 | Report Abuse

Just Announced in Bursa, will get back RM200+ million after paying back the loan, NTA is 0.91, don't know whether is good or not. No more steady income from China, have RM200 mil cash for investments in Property Development, Property Development is very challenging business nowaday, but they may have Tan Sri Liew, still a lot of uncertainties

Posted by peter89 > 2013-09-12 18:53 | Report Abuse

today announcement is good or bad news for salcon? y suddenly appear heavy selling on last minute? dun scare me

Posted by avenger88 > 2013-09-12 18:56 | Report Abuse

washing small fish

Posted by Idiot > 2013-09-12 19:29 | Report Abuse

Poor corporate governance for sure : for a disposal involving such a substantial part of the business, they didn't suspend the stock today, very strange instead

Posted by TESSA > 2013-09-12 19:36 | Report Abuse

We have to wait till tomorrow :)

Posted by super911 > 2013-09-12 19:46 | Report Abuse

Not to worry guys. From TA perspective, uptrend intact. I believe Salcon wanna focus on property development, that's why they dispose those water assets. Why focus on property development? Who is behind them? Why they so confident suddenly? Guess guess.

Posted by tedbeh > 2013-09-12 20:08 | Report Abuse

May need to hold for a year in order to wait for the true value of salcon

Posted by peter89 > 2013-09-12 20:24 | Report Abuse

true value, sp setia RM 2.30 be4 sold to government. will Tan Sri create another sp setia? wait and c ..lol

Posted by JTFX > 2013-09-12 20:26 | Report Abuse

Salcon Bhd today announced it is disposing its entire shares in six water companies in China for RM518.3 million, a move that will allow it to expand further into its new business, property development.
It also announced that its subsidiary, Nusantara Megajuta (NMSB) has signed a letter of intent with Eco World Development Sdn Bhd to jointly develop two pieces of land in Johor.
Eco World will acquire 100 per cent shares of Kembar Makmur (KMSB), which owns 49.99 per cent shares in NMSB from existing shareholders of KMSB.
This agreement will be formalised in a month, Salcon executive director Datuk Eddy Leong said at the signing of the deal.

Read more: Salcon to expand its property development http://www.btimes.com.my/articles/20130912174834/Article/#ixzz2egGhkpmq

Posted by messi > 2013-09-12 20:48 | Report Abuse

Salcon & Eco World - good synergy

Posted by YiStock > 2013-09-12 22:56 | Report Abuse

May i know anybody has info of how much these 6 companies contributed to the bottom line of Salcon? China big market, they sold because of losing money? Or Malaysia biz is much profitable?

Posted by anbz > 2013-09-13 00:32 | Report Abuse

may be to get funds for water projects in malaysia

Posted by hiddengem > 2013-09-13 07:14 | Report Abuse

Eco World Development Sdn Bhd is the peoperty development Co of SP Setia Tan Sri Liew Kee Sin's son Liew Tian Xiong based in Johore, Recently they hv bought a piece of land covering 248.8ha in Iskandar Malaysia valued at RM534.7mil.

SALCON Executive Director Datuk Leong Kok Wah who sat on the SPSETIA board for 13 years, also sit on the board of Eco World Development Sdn Bhd.

Posted by tedbeh > 2013-09-13 07:25 | Report Abuse

Very unusual. Normally share price surged before the announcement, and furthermore the news had already leaked to the Edge one day before, and yet, the price didn’t move. It lead me to think that this could be one of the pre-purchase condition of Tan Sri LKS, sell off all your water assets, clean up the company, maintain the share price at current level, before he can take over. Anyway, is just a rough guess...

Posted by Feimaw > 2013-09-13 07:29 | Report Abuse

jump up today?

Posted by tedbeh > 2013-09-13 07:34 | Report Abuse

No idea

Posted by tedbeh > 2013-09-13 07:34 | Report Abuse

Suggest not to contra

Posted by super911 > 2013-09-13 07:45 | Report Abuse

Salcon-> SpSetia in the making?

Posted by tedbeh > 2013-09-13 07:47 | Report Abuse

Let's do a rough guess, Eki World land worth RM600mil, Salcon has approximately 600 mil share. The market cap will be around RM500 mil if the price is 0.80, if Eko World pump in their land worth RM600 mil, they will have the controlling stake of 55%. With this calculation, I think they will not let the share price up too high before the this exercise. We may need to hold for a longer duration

Posted by Muarmali > 2013-09-13 08:55 | Report Abuse

Hot! :)))

Posted by Muarmali > 2013-09-13 09:02 | Report Abuse

Soy chin chin. :)))