After checking the record since ipo on 15th Jan, all the major shareholders purchased the shares from market except EPF. If EPF is one of the major shareholder the other share holder who attend the AGM should question EPF (especially there is a director appointed from EPF) why make the share price up and down! They should protect the interest of the small shareholders! here is the % EPF in ioipg: 22 jan. 9.21% 13 Feb 9.41% 12. Mar. 9.42% 27 mar 9.41% 8. Apr. 9.38% 25 apr. 9.48% From the % holding from jean until present! EPF is just play around the counter by disposed and accumulate. It is not possible for them some time think positive and some time think negative like mr M.
note $ belongs to epf, but not necessary always under epf directive, as epf uses a host of agents to buy/sell in the market, each carries own "quota" and "target". this process has abs no transparency so forget about it but beware of it.
IOI Properties (BUY, TP RM3.85): IOIPG is our top pick within the sector, as we like it for its diversified landbank. Key catalysts to rerate the stock include Phase 1 of IOI City Mall in Putrajaya (slated to open in end 2014), the slew of launches in Malaysia to underpin earnings, potential inclusion in the Syariah list in May, and room for higher dividend payout given its strong balance sheet. http://klse.i3investor.com/blogs/hleresearch/51309.jsp
Full confident that ioipg will perform especially all the main shareholders were bought in the shares started from ipo (not even one is selling) except epf.
Just recall less than a month ago which happened in YTL, many people think that counter is useless and teasing when i started to buy in at rm1.51and then rm1.50. but today i already disposed 90% with good profit.
Next support at RM2.50? It will take some time to reach there though..... unless some really bad news is out.... If good news is announce first then chances to reach RM2.50 might not possible in short term. Good luck....
Real estate portal PropertyGuru International (Malaysia) Sdn Bhd says the outlook for the property market does not look too bright from the buyers' perspective. This is the finding of its survey conducted at the end of last year involving more than 1,000 respondents. PropertyGuru country manager Gerard Kho said "buying interest dropped and interest in owning condominiums/apartments declined by 9%, the desire to own terraced houses plummeted 23% and the demand for other landed/commercial properties slipped 16%."
1. During this challenging time in property market, only the BIG&STRONG developers with strong land banks and cash resources will become stronger because the new developers and smaller developers do not have deep pockets to compete with them.
2. On top of that, bankers will always support the BIG & STRONG rather than new and smaller developers.
3. Even for end financing, bankers are more choosy now, so, if you are a banker with more restrictive from BNM, who would you lend to?
4. Of course, during this period of slowdown, all property stocks are effected, but, the strong ones have little effects, the question now is, should we come back later to property stocks? Like plantation stocks, do you buy them when the CPO price is high or low? Similarly, when the demand slows, supply will also slows, but urbanisation and population will continue to grow and in one or two years time, there will be an imbalance again.
5. Conclusion, some prefer to get in when they see recovery as a whole in the market. No right or wrong in this approach.
This counter is not for contra players. I will still accumulate more when the price is down further. The return will much better than FD++ for the period of 2~3 years.
When you buy into property counter this year, you should have expect its pricing to be suppressed due to the property market already not in good condition since late last year. If you expected short term massive return, you're in the wrong counter at the wrong time. A couple of years ago, then its the type of stock to "profit" in short term but not now. Property market are in downward trend, so its a buy for those going for long term. Buy will it's price is suppressed, not when its on the way up (recovery). This is the mid to long term counter for this couple of years. Expecting recovery in 2-5 years time unless worldwide market crashed.
rock_trader, this is a good news if this counter is delisting. for me the only reason is the major shareholder want to privatise it because it is way under value. With value more than rm3.3+, it is good !
When a lot of people feel useless of this counter but when i checked it fundamental plus all major shareholders were bought in this counter (epf at 9.53% at 6may; almost highest since ipo). This make more confident to accumulate more when the price is further down. in fact ioipg was top five in my portfolio.
Based on track record of how epf buy and sell, I won't rely on them buying to be confident of counter durability. They can sell at anytime, the moment the make a little profit, they have done it before and they will do it again.
Mirilang keep mentioning useless counter. Chances are he is buying it during IPO opening when the price is at max. Probably a short term buyer where he is at wrong counter at this year. When IOI split the property segment, they have already known it is going downward these couple of years. They would have drag down its CPO segment when CPO is going up these couple of years. Its the speculators that are buying in big time when IPO is release.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investeye
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Posted by Investeye > 2014-04-30 11:12 | Report Abuse
IOIPG.... i believe you can fly !