aatzer, SAB call for a EGM, to revise the M&A.. Do you think SAB will announced that they will venture into property development project?

As per Dato's statement on May 2014, all the commercial retail unit have been fully sold out, and the service apartment unit was 70% sold out. I think the balance 30% are bumi-lot, so it is quite common for the industry. Dato said that they might not intend to sell the balance unit, as the whole building will be used to operate as a hotel, so he is comfortable to retain the balance unit, as this can generate higher recurring income for the company.

My RM30k cheque haven't due yet, few more days to go..

Btw, Mr/Ms Unique, I'm fully agreed with your comments.

Let wait for the quarter result, as well as wait for the RM200 million DTTB sub-contract award.

Hi all, kindly note that Digistar's 1st property project in Melaka has reached 90% completion.

Now they are painting the wall of the building, and it targeted to be 100% completed on November 2014.

I been to Melaka to visit that property before, it is located exactly beside the Dataran Pahlawan. From the lobby of the service apartment, you need to walk 50 steps, then you reach Dataran Pahlawan.

I still remember last time when Digistar first annouce this project, I looked at the small piece of land, and wondering how can they build a high rise building in this small piece of land. But now, the beautiful service apartment is stand in front of me, and it really look very nice (that why they change the name from "The heritage" to "Imperial Heritage:).

aatzer, thank for your comment. However, I don't really agreed with Chabalang's comment, if we refer to the financial report, it did mentioned that:-

A11. Changes in Composition of the Group

There were no change in the composition of the Group during the current quarter under
review and financial year-to-date other that those disclosed as follow:
The company had on 25 March 2014 subscribed 136,900,000 new ordinary shares of
RM1.00 each in Pembinaan Gejati Sdn Bhd (“PGSB”), an indirect 100% owned
subsidiary for a total consideration of RM136,900,000.00 which was settled via
combination of cash consideration and intercompany set-offs. With the completion of
the subscription of new shares, PGSB is now a direct 99% owned subsidiary of SAB
whereas the new paid up capital of PGSB is RM137,000.00.00 comprising 137,000,000
ordinary shares of RM1.00 each.

it did mentioned that it is settled via combination of cash consideration and intercompany set-offs.

Initially, Pembinaan Gejati is an 100% owned subsidiary of SAB Property Development Co Sdn Bhd (SPDC), and SPDC is a 100% owned subsidiary of SAB.

Pembinaan Gejati is just a small company with 100,000 paid up capital.

Subsequently, Pembinaan Gejati issue 136,900,000 new share directly to SAB. To subscribe for this new share, SAB has to inject RM136,900,000 cash into Pembinaan Gejati.

So now, Pembinaan become a direct subsidiary of SAB (99%), and balance of 1% is owned b SPDC.

I'm not a corporate finance expert, can anyone tell me why Pembinaan Gejati want to issue 136,900,000 directly to SAB? What is the purpose of enlarge it paid up capital?

Appreciate if we can have more expert come to contribute their opinion.

Alpha Trader, very good analysis.. Can you give a look to TADMAX, this company is quite similar to SAMUDRA, as it has dispose a piece of land to 1MDB, and the disposal should register an one-off gain of RM few hundred million.. This could double the the stock price.

If not mistaken, the projected RM60 million net profit is derive after deducting the land cost (which is the profit sharing with land owner).

Please correct me if I'm wrong.

ngyl, I think Dato Wira saw my post last night. That why this morning he immediately push the price up. I think at the time when my cheque is due, Digista-wa already hit 29 sen....

I hope Digista-WA can stable at 21sen for the next two week. I'm waiting for a 30k post dated cheque to due, then I can collect another 150 lots. I hope I'm not too late. Dato, please wait for my me, Don't push the share first.

Would it be SAB land at kemuning?

Heard someone said SP Setia is negotiating a piece if land at Shah Alam... 600 acre ++ for RM1bil

Comet, I like your quote! "calm before the storm"

I noticed last year Wintoni has private placement quite a substantial amount of share @ 20sen and 14sen.

I mean normally those who purchase private placement must be some deep pocket investor, and they won't so stupid take 20 sen or 14 sen to but a company that current market price is lower than private placement price.

So, i believe this is CALM before the STORM.

Hi all, Dato acquired another 797,000 again!!!

5:50PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (797,000 units Acquired)

Again, Dato Wira proof to us that he is very confidence with the coming quarter result.

Some people may think 797,000 unit is not a big amount, but would you try to take out RM243k from your own pocket to buy back your own company share from open market, if you do not have confidence on your own company.

GSB will become the next ESCERAM.

I used to own both counter at few years ago, and both counter are at the same price.

Now ESCERAM has surged to RM0.18, very soon ESCERAM will reach RM0.18 as well.

Actually, SAB seems like a good buy at any price below RM5.30.

Next soar should be able to reach RM6.50, and then consolidate and sustain at RM6.00.

It will never drop back below RM5 anymore.

Philip Capital target price is RM12++
Public Bank target price is RM9.90..
CIMB will start initial coverage soon..

I think, now the biggest problem is the dividend yield. This company have a lot of cash reserved, but seldom declare dividend. Even declare, it declare very little (5 sen).

Technically, it a company is making 30 sen EPS per year, and the company does not required a lot of cash for re-investment, it should declared at least 70% dividend to its shareholder.

If let said SAB willing to payout RM0.20 as a dividend, then i believe its share price will stable at RM6.00.

Anyway, I think SAB reserve the cash is for property development purpose (that why it injected RM130mil cash into this company).

JayC, the latest is by 29th August 2014, 3 more weeks to go.

If this quarter is not good, then next quarter will be very good (because all revenue n profit has been postpone to next quarter).

If next quarter not good again, then you should cut loss immediately, because it proof that this is a conman counter (because by next quarter, the Melaka property project should be completed, and all sales should be recognised in the book).

But anyway, I trust Dato Wira, i knew he has a bigger plan for Digistar.

bones, can check this Zahari background or not?

Whether he has sound technical background, or politic background, or he is the founder of handal, or he served at Petronas before..

If the result is he has nothing, then you must email to the IR of the company, and shoot him kaw kaw.

4u2c, please check this out.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1706377

Bones, your write up on Handal provide a good opportunity for the Malay Director to unload the share to all of us.

I hate this type of director, just know how to focus on short term profit.
When share go up, immediately clear his stock.

A good director should focus on running the company, secure more contract for the company, not sit in front of the computer and wait to right timing to unload share.

No wonder the company under-perform for so many year.

Probably in next AGM we should fire him

Actually WA is the best option.

WA exercise price is 13 sen, and current price is 20.5sen.

Currently mother is at 31sen. so the premium are only 2.5sen.

If mother go up to 42 sen, WA will be around 30 sen (as premium will be slowly reduce).


WB have longer time frame, but the exercise price are too high, 26sen.
At current price of 14.5 + 26 sen = 40.5sen, that mean the premium are 9.5sen.

For me, I will prefer WA.

GSB next launch project should be the landed property at Klang. if not mistaken, the piece of land is just nearby my parent house.

In Klang, the main criteria to make sure you project sell well is the concept of Gated and Guarded. Any project with G&G can be sell at higher price by at least 20%. (this taman without G&G are selling for RM500k, then next taman with G&G are selling for RM600k). People willing to pay extra 20% just to enjoyed the secure environment, where you can allow you kid ridding bicycle outside the door, and not worry suddenly got some bad guys kidnap them.

So, if GSB going to launch the project at klang, let me be the contributor to update the sales progress. Haha.

Hi all investor, below are the total number of share purchased by Dato / Datin in the past 4 months:-

6:17PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (300,000 units Acquired)
6:29PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (100,000 units Acquired)
6:30PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (403,400 units Acquired)
6:49PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,350,000 units Acquired)
6:49PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,035,800 units Acquired)
6:16PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (85,000 units Acquired)
5:31PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (500,400 units Acquired)
5:21PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (359,700 units Acquired)
5:47PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,421,300 units Acquired)
6:53PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (297,500 units Acquired)
6:30PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (166,900 units Acquired)
5:50PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,488,200 units Acquired)
6:00PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (500,000 units Acquired)
5:24PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,287,200 units Acquired)
5:48PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (817,600 units Acquired)
5:25PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (200,000 units Acquired)
5:31PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,360,400 units Transacted)
5:20PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (1,180,000 units Acquired)

So, what do you think? Some big project is coming in? Or some big surprise will be reveal in this coming quarter result.

PFCE Sdn Bhd and PFCE Bhd are two different entity. it is not related to each other.

Just like Apple Inc and Apple Sdn Bhd, one is selling IT product, another 1 is selling fruit at pasar malam.

Cheapest O&G company....

Chee Chong Liow, fully agreed with your analysis.

Now YSPSAH is under consolidating process, because Tabung Haji is in the midst to dispose their share.

Once Tabung Haji stop dispose, very fast YSP can shoot up above RM2.00.

Both Vietnam n Indonesia factory will contribute significant.

Hi JayC, the last private placement was only announced on June 2014. The proposal has been approved by Bursa on 30 June, but there was no further notice published by Digistar. So I guess now they are in the midst to fixed the pricing.

The big boss of SIMA Group are planning to inject more project into GSB.

Hi Melinvest, since you already invested in Digistar, my advise is don't sell it.. I know Dato Wira has a big plan for Digistar, and he is waiting for the right timing to push the stock. You should wait for the coming quarter result, it may give you a surprise. Please take note that now Digistar is in the midst to fixed the pricing for 10% private placement, so until the placement has been completed, the stock price wont have big movement.

Anyone can calculate how much gain REdtone will get from the disposal of RMB28mil?

Hi all, before you buy something, you must think who is selling to you. Why he sell? If he know the stock got potential to go up, why he want to sell to you? Now every newspaper also announced Fuelsubs House got very high potential to secure the project, so do you think those people who sell you share don't know how to read newspaper? Or you think they are short of money, need to cash out?

So my advise is think think think.... before you take any action!

Project on hand:-
1) Imperial heritage hotel - RM150 mil
2) JKR Training Centre - RM250 mil
3) Pinewood Studio - RM23 mil
4) Panther 911 - Targeting 100,000 user

Upcoming / Potential project:-
1) DTTB implementation
2) ESSCOM Sabah
3) Fuel Subsidy Scheme
4) Property development in Klang Valley

RayWong, how you know Digistar is signing with Digi?

Hi, may I know whether the recent ringgit appreciation will resulted in higher cash for the shareholder? The acquisition price is determined in AUD or USD or MYR?

Private placement again..... I think this is the 3rd times for this year. Every times the proposal just mentioned it will be place to a 3rd party investor to be identified later, but at the end never disclose who is specific investor.

Lack of transparency, is the biggest pain of Malaysia's corporate.

Hi all, please pay your attention to this stock. My intuition tells me that Digistar will start move. For those who holds Digista since last year, your patience will be rewarded.

Sorry sunztzhe, I'm not from Terengganu. I'm not familiar with timber expert, I'm just an ordinary investor.

My understanding is the RM27.29 million was log sale proceed from the 2,076 hector. Based on the total concession area of 128,720 hector, so GPHAROS's earning should be able to sustainable for many quarter. Furthermore, based on the monthly log production figure announced for April'14, it seems like Q2 result will be even better than Q1.

The above just my 2 cents opinion.

Would it be the next GPHAROS?

Q2 Revenue has increased by 133%, and net profit increase 239%.
This is a very good sign, as 90% of the revenue is contribute by the System Integration and Broadcast segment (where a lot of investor thought Digistar has lost their competitive in this segment).

Hi Tinyinvestor, actually my principal is very simple:-
1) This company has two big project on hand (RM150mil Heritage Apartment and RM250mil JKR Training Centre Project). So it won't suddenly go bankrupt or PN17.
2) The RM150 mil heritage project will be completed by end of 2014. However, so far from year 2012 until now, the total revenue from property development booked into account is less than RM40mil, so at least there will be another RM100mil to be booked into account in next 3 quarter.
3) The RM280mil bond has been take up by all the big pension or insurance company, and the money is already in Digistar bank account, that mean this project sure will on.
3) The share price is purposely pushed down for the 20% private placement purpose.
4) The average issuing price of the private placement of 70 million share is RM0.215.
5) Dato Lee is a smart business man.
6) Most importantly, Secret Recipe Cafe and Dato Steven's family member appeared as one of the substantial shareholder of Digistar.

As long as I have extra money, I just accumulate this stock, no matter how long it take me to wait, I will wait... I believe Dato sure will reward long term investor like me.. haha!

This two day I have collected some Digistar @ 23-23.5sen. Don't follow my foot step if you do not have withholding power.

Connie, I don't have any insider information to share with you.. However, my suggestion to you is just hold.. Don't sell.. If you got some extra money, can consider to load more.. Now is very good time to accumulate, because the 2nd tranche of 10% private placement is not place out yet... So the share price will maintain at 23 - 26 sen level.. Let see what Dato Wira will announce during the AGM.

Hi, anyone still holding Digistar? Or maybe i should ask "who still interested in Digistar"?

Hi Chiam 4192, you can refer to the following link:-
www.skmm.gov.my/skmmgovmy/files/attachments/dttb-TV.pdf‎

There are two more weeks before the quarterly result released. So now would be the best time to collect, if the result is good, then you can earn some quick money. If the result is not good, then just keep it until the DTTB project announced. Based on the current pricing of RM0.275 / 0.280, this is considered safe as Digistar has the RM150million Melaka Service Apartment and RM240million Advance Technology Centre project on hand. This two project will keep the company busy for the next 2 years. Also, no matter REDTONE or PUNCAK SEMANGAT awarded the DTTB project, I believe they will at least sub-contract a portion of the project to DIgistar (i.e. RM200-500million), as the Government has very tight timeline to implement the DTTB project (i.e. it has to be completed by 2015), and DIGISTA is one of the very few market player that have the ability and experience in converting Analog system to Digital System (i.e. 3 years ago, ASTRO MEASAT awarded RMXX million project to Digistar for this similar project).

Don't worry, I'm pretty confidence about this counter. There are syndicates behind this counter.. November is a good month for Digistar.

Target price within next 2 week = RM0.385

Hi all, now is the time to collect Digistar.

Below are the reason:-
i) From 27th Sep - 28th Oct, all contra player has been kick out.
ii) Substantial share has been unload to many parties.
iii) Coming quarter result will be very good (trust me, it is superb good result).
iv) DTTB will be announced soon
v) The "Panther 911" project will launched very soon.

since Director just unloading all the digistar-wa... Most likely there won't be any goreng activity in coming weeks. It takes time to settle down before the next surge... All contra player should quit, otherwise you will be hurt.