Posted by stteck > 2017-08-14 18:29 | Report Abuse

EGM date 29 Aug, 11am......a long circular to be studied to understand why IFA views that the PART B is fair and reasonable.....Salcon put it multi-million dollars and most of the effort to acquire Yara project but now dispose of its substantial shares to EWI for AUD120,000 only and also appoint EWI as project management.....look like in favor of EWI, so why IFA thinks is fair and reasonable?

Posted by chinaman > 2017-08-14 19:46 | Report Abuse

No wonder its share keep falling due to this fishy property deal? Is salcon sell at profit/ loss How much is the profit from sales to EWI. SC, pls look into/ probe this suspicious deal..

Posted by chinaman > 2017-08-14 20:04 | Report Abuse

salcon bought at AUD38million but sold at AUD120K to EWI...why make this stupid deal? all minority must shoot down this stupid deal. directors think we're idiot?

Posted by chinaman > 2017-08-14 20:05 | Report Abuse

Malaysian-listed Salcon has brushed aside concerns about Melbourne’s apartment market, forging into the Australian ­property sector with the purchase of key site in up-market South Yarra that can support a $230 million luxury complex.

The Malaysian group swooped on the 2125sq m land parcel, buying 16-22 Claremont Street from the private K&E Rogers Pty Ltd for $37.88m in a deal struck late last week.

Mark Wizel and Lewis Tong of CBRE and Trent Hobart and John Marasco of Colliers International marketed the property.

The firms’ representatives were unavailable for comment.

One driver for the Malaysian group to buy in Melbourne had been “the general slowing down in the Malaysian property market”, which led it to diversify its property development portfolio overseas.

“This acquisition will allow the group the opportunity to ­establish a presence in the Australian property market, where demand for Australian properties has remained strong in key cities such as Melbourne, in ­particular in the inner-city areas,” Salcon said.

The property is well positioned in South Yarra, adjacent to the Chapel Street and Toorak Road shopping strips and near a railway station. Salcon plans to develop a residential complex of 336 units with a retail podium.

Offshore developers are also chasing sites in Melbourne’s middle-ring suburbs.

Not-for-profits Navy Health and Scope have sold their adjoining Box Hill properties for just over $30m to one Chinese developer.

That sale, of 826 and 830 Whitehorse Road, set a suburb record of almost $12,000 a sq m, according to Savills’ Clinton Baxter, who brokered the sale with colleagues Nick Peden and Jesse Radisich. The campaign generated spirited bidding ­between several Chinese bidders for the properties.

“The sale is a tremendous ­endorsement of the Melbourne and Box Hill development market, placing Box Hill property on a par with land rates being achieved close to Melbourne’s CBD, and demonstrating the ­development powerhouse that Box Hill has become in recent years,” Mr Baxter said.

Competition between prospective purchasers reflected an ongoing confidence in Melbourne and areas like Box Hill.

The site’s zoning allows for a landmark development with planning advice from Urbis ­indicating a potential building height of more than 30 levels, with a yield of more than 500 apartments.

Posted by keyin > 2017-08-14 20:19 | Report Abuse

Salcon=stupid co?

Posted by stteck > 2017-08-15 01:29 | Report Abuse

loji langat 2 - 82% completed

https://www.youtube.com/watch?v=3iO8sHIEm1g

Posted by jumbojet > 2017-08-15 10:28 | Report Abuse

closing will be in the red zone

Posted by kiasu_trader > 2017-08-15 19:00 | Report Abuse

Good news flying around, engine starts

Posted by kiasu_trader > 2017-08-15 19:00 | Report Abuse

Way back to 0.700!

Posted by husky88 > 2017-08-15 20:58 | Report Abuse

http://www.asiaone.com/business/the-10th-edition-of-asiawater-2018-organises-technical-visit-related-to-water-resources

Posted by alvisshare > 2017-08-15 23:03 | Report Abuse

well, im a beginner, can share what about this share?

Posted by husky88 > 2017-08-16 19:21 | Report Abuse

No see any announcement today, kiasu, any news ? Can sharing?

Posted by husky88 > 2017-08-16 20:29 | Report Abuse

http://www.scandoil.com/moxie-bm2/news/salcon-petroleum-services-appointed-as-a-preferred.shtml

Posted by chinaman > 2017-08-17 09:26 | Report Abuse

As per circular, Salcon sold out its Yarra property to a JV co. and earn myr2Million + earlier advance ~ myr50Million....Cash level rising up again....ok. quite a safe company with stronger balance sheet. hold for long term....big dividend very likely with ample cash

Posted by tham hoe yean > 2017-08-17 12:19 | Report Abuse

strong support at 0.45

Posted by kiasu_trader > 2017-08-17 15:53 | Report Abuse

Told you ! Way to 0.700

Posted by Tham Hoe Yean > 2017-08-18 09:22 | Report Abuse

Frankly speaking, this counter not in the reseachers radar. Not much news and too depend on selengor water issue. I still trapped at 60cents

Posted by keyin > 2017-08-18 19:11 | Report Abuse

Salcon having egm on 29 -aug, anyone attend?

Posted by stteck > 2017-08-19 12:04 | Report Abuse

salcon's next milestone should still focus in water sector and new venture in VBT and Alitrip being the former is the core biz and the latter is the new dynamic biz in current market and whoever come in first will win. less involvement in property developer is a good move

Posted by husky88 > 2017-08-19 12:54 | Report Abuse

Stteck, how you think coming q . Can deliver good results ？

Posted by husky88 > 2017-08-19 13:55 | Report Abuse

https://www.energyglobal.com/upstream/digital-oilfield/18082017/sps-and-edrilling-to-partner-in-malaysia/

Posted by stteck > 2017-08-20 09:31 | Report Abuse

Husky, Mr. Leong said he is optimistic to see profits from new investments in next year. Mean no expectation in this year.

http://www.salcon.com.my/media-clipping/new-investments-to-see-profit-salcon

Posted by husky88 > 2017-08-20 11:42 | Report Abuse

Stteck, you got attend coming egm?

Posted by stteck > 2017-08-20 12:12 | Report Abuse

Husky, I will Not be able to attend

Posted by stteck > 2017-08-22 08:47 | Report Abuse

Share price returns to 5 years back's level, no winner in this stock yet the bulk volume at 0.465 is quite suspicious

Posted by husky88 > 2017-08-26 13:14 | Report Abuse

Coming q should be not good, prepare to down below 40 cents . Foresight 3q or 4q only can bring profitable.

Posted by steven69 > 2017-08-29 18:46 | Report Abuse

Qbuy 40cts

Posted by keyin > 2017-08-31 13:53 | Report Abuse

Stteck, where you?

Posted by husky88 > 2017-08-31 15:02 | Report Abuse

Kiasu trader magic show broken.

Posted by stteck > 2017-08-31 19:19 | Report Abuse

keyin , yes?

Posted by stteck > 2017-09-01 20:26 | Report Abuse

专注科技与旅游电商 实康冀新业务2年后进账
http://www.klsescreener.com/v2/news/view/276031

Posted by husky88 > 2017-09-01 21:46 | Report Abuse

Res 28 also, think can bring profit on 3 or 4 q. Another is splash deal and langat project.

Posted by keyin > 2017-09-05 12:46 | Report Abuse

PETALING JAYA: Salcon Bhd, a diversified water and wastewater engineering company, is expected to post a strong earnings improvement in the second half of this year, supported by contributions from the company’s construction business, according to CIMB Research.
“We expect a strong earnings turnaround in the second half (H2’17), underpinned by strong construction billings, completion of a property development project, and marketing cost savings,” the research house said in a report.
CIMB said Salcon’s earnings would be supported by property development profit recognition from Res 280 in Selayang. The development with a total gross development value (GDV) of RM160mil and at a 15% net margin and 50% stake implied a profit of RM8mil to RM9mil.
It added that earnings would also be supported by the reversal or write back of RM4mil to RM5mil marketing cost from its Yarra One property development project in Melbourne, Australia (GDV of RM728mil).
Furthermore, the sale of a 80% stake in this project to Ecoworld International has been completed. Salcon posted a net loss of RM9.04mil in the second quarter ended June 30 against a net profit of RM27.9mil last year. Its revenue for the quarter fell marginally to RM21.5mil against RM21.7mil a year ago. In the first six months, Salcon posted a net loss of RM12.8mil on revenue of RM40.9mil.
“We consider the performance to be broadly in line as we expect an earnings turnaround in H2’17 forecast, driven by infra and properties. We expect stronger construction billings in H2’17F on top of a property margin recovery in Q3’17F due to the completion of a project,” CIMB said, adding that weak property earnings and slow construction billings were the main reasons for the core losses in H1’17.
Results aside, CIMB said Salcon’s job tender outlook for the rest of financial year ending Dec 31, 2017 remained unexciting. Given that new sizeable water treatment plant (WTP) projects have been awarded (including the Labuhan Dagang 400 MLD WTP in Selangor), Salcon will be vying for small non-revenue water (NRW) contracts.
“We understand that it is targeting contract sizes of RM10mil-RM20mil each. There are roughly 50 NRW contracts up for grabs in Selangor, of which 30 have been tendered out and some others pending awards by end-2017,” CIMB said.
It noted that there was a possible delays of phase 2 of the WTP contract, which CIMB had earlier expected to be awarded by end-2017.
Indications from its industry checks suggested that there was likely no immediate need for the Government to award phase 2 this year given the ample capacity in the medium term, according to the research house.

Read more at http://www.thestar.com.my/business/business-news/2017/09/05/salcon-profit-expected-to-improve-significantly-in-second-half/#cpzyubmp5BhaxCDU.99

Posted by stteck > 2017-09-05 15:39 | Report Abuse

Keyin CiMB 的 research 报告看看就好

Posted by keyin > 2017-09-05 18:42 | Report Abuse

After comb research out, crashed

Posted by Peter2357 > 2017-09-05 19:13 | Report Abuse

I am holding on tightly to this stock..
it will recover on 2nd half 2017 strong profit recovery, strong net cash of rm80m, strong nta of 74cts, its divisified n niche businesses, its growth potential and supported by its strong coporate shareholders.

Posted by chinaman > 2017-09-05 19:26 | Report Abuse

except strong net cash level, salcon is like a Jack of all trades, master of none -investor will like to see what is its core business, but none..sana sikit, situ sikit...So, how to classify them?

Posted by stteck > 2017-09-05 19:54 | Report Abuse

keyin, that's the norm and happened many times in the previous publication by CIMB

Posted by husky88 > 2017-09-05 20:01 | Report Abuse

Cimb and pb research is good

Posted by stteck > 2017-09-06 11:39 | Report Abuse

the trading is so odd today, looks like there is a storm coming, hopefully is a good ones,

Posted by keyin > 2017-09-06 14:44 | Report Abuse

Bad news....
http://www.sinchew.com.my/node/1679458

Posted by stteck > 2017-09-06 16:27 | Report Abuse

haha..last straw on the camel's back....broke new low record.

Posted by keyin > 2017-09-06 16:43 | Report Abuse

Why the running cancel? Any internal bad news.?

Posted by tham hoe yean > 2017-09-06 18:42 | Report Abuse

0.30 is possible.

Posted by husky88 > 2017-09-06 19:20 | Report Abuse

Right issue soon

Posted by MARC11 > 2017-09-06 20:43 | Report Abuse

time to get in

Posted by husky88 > 2017-09-06 21:08 | Report Abuse

为什么那么突然起消一带一路马拉松, 没人参加吗？

Posted by novice77 > 2017-09-07 10:24 | Report Abuse

i bought this two years ago at 0.84. Now it is only peanuts left. Go to hell, Salcon.

Posted by steven69 > 2017-09-07 15:07 | Report Abuse

Now possible don't buy in.... Wait and look

Posted by chrystine520 > 2017-09-07 17:50 | Report Abuse

I bought this at 0.52 >.< >.<