The Federal Court on Wednesday (June 21) upheld a Court of Appeal decision last year that quashed a development order for the construction of a 45-storey apartment complex near Jalan Jejaka 1 and Lorong Peel by Pavilion Integrity Sdn Bhd and ruling that the Kuala Lumpur City Hall acquire and build a road that had already been gazetted in the KL draft plan.
Guys..now it has been proven that this company is conman company.. They will keep facing lawsuit left and right..The Gan family is from a long line of scammer.. Avoid them in future and sell this share before it dips down further.
Freedom of speech is a must. But with fact please. Without fact + anonymous that’s slander. Dare you put up your true identity and keep your slanders going.
What part of this company is good? the people who bought their house got cheated. The people who bought their IPO got cheated.
IOIPG --> PE:4.10, NTA:3.95, current price:1.080 UOADEV --> PE:4.16, NTA:2.40, current price:1.570 SIMEPROP-->PE:9.84, NTA:1.41, current price:0.470 IGBB-->PE:15.75, NTA:4.2494, current price:2.0 ECOWLD-->PE:14.38, NTA:1.6300, current price:0.820 SPSETIA-->PE:7.17, NTA:2.96, current price:0.52 MAHSING-->PE:7.92,NTA:1.490, current price:0.610
Noticed that these property companies are trading at PE below 20 at price at half or less than NTA.
Now look at RADIUM: PE:110, NTA:0.15, current price:0.375
If this is not a scam then how do you explain those inflated price? they will have profit for selling house units but those profit will be offset with litigation and compensation damage. Dont wait until this become SSB8, another one of their counter and only then you want to regret.
@Ktrade you think Radium didn't manipulate their data or do you think 80% of property counter manipulate their data? either way do you think they have a chance rebound? They still struggle to convince people that their IPO price is correct.
If you think the PE and NTA was manipulated, how about those resident that sued them? Did other people manipulate them?
also, let me quote from the article:
"She said that Pavilion Integrity had known when it bought Lot 810 that the plot had been gazetted for the construction of a road.
She pointed out that the proposal for the construction of the project was done without a clear Traffic Impact Assessment, as none was laid out to the residents unlike the original proposal for the construction of a road to reduce the congestion"
This much already showed the attitude of the company.
@PakarSaham collect at cheaper price for what? to go 14th floor? or are you that guy who bought this IPO for 5mil and keep wishing to the star that the price will go higher?
Everyday the buy rate for this counter is 0%, all smart investor know other counter is much better than this.
The news clearly stated DBKL will compensate fully on court order. It was also never the developer's fault as the council was criticized by the court for sudden change of plan resulting in this embarrassing news.
KUALA LUMPUR (June 26): Radium Development Bhd on Monday (June 26) officially launched Desa East Residence in Sungai Besi, Kuala Lumpur. The residential development carries an approximate gross development value (GDV) of RM1 billion.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Chanzeryl
78 posts
Posted by Chanzeryl > 2023-06-21 18:02 | Report Abuse
The Federal Court on Wednesday (June 21) upheld a Court of Appeal decision last year that quashed a development order for the construction of a 45-storey apartment complex near Jalan Jejaka 1 and Lorong Peel by Pavilion Integrity Sdn Bhd and ruling that the Kuala Lumpur City Hall acquire and build a road that had already been gazetted in the KL draft plan.
GG.com
Source: https://www.edgeprop.my/content/1906431/apex-court-upholds-coa-decision-quash-do-45-storey-apartment-block-jalan-jejaka