Buy in only if you believe. Don't do it if u do not understand!!

If they solve the gearing and interest expense, they are sitting on a pot of gold with the southern Landbank.

Iwalk, check ur email notification.

Grandma thinks those who do not have the whole picture may find it very difficult to digest. What Grandma and the rest have presented is indeed a very strong position added to the equation. Albeit their internal restructure, the target have been very clear.
Grandma is adding heavier position today as. Iskandar starts to heat up and Tropicana's position is falling into place.

Pls do not follow Grandma as the above position taken is to show grandma's commitment to this stock base on information in hand and for the followers to decide their stand. It's not a buy call.

For those still following, continue to monitor. Grandma do not see this stock failing. It's a very simple view if one still do not see it, it's no for you. Better sell! Grandma's advice to all still believing in this share to see closely and do homework .
Grandma see Rambotan is reading a lot a knows what Grandma has said on the history part repeating itself.

For those following, Grandma will not be providing to much explicit information anymore as its good for you to find out. Otherwise you will be condemning without understanding the real reason like the case of some individual.

Once Tropicana mall and office transaction is agreed, the next will be Plaza Dijaya along Tun Razak road. There is quite a fair b it of asset injected in last year and Grandma foresee it in billion if selling.

It's not difficult to calculate as they are yielding at 8% minimum. Now to raise 2.4 billion with the PP and non core asset sale against the land asset rise is another thing. Grandma see Tan Sri Is hedging and selling. It's always very very positive when selling property vs construction or property development because there is no real cost to it. When Grandma called for a buy in LBS, that was for the same reason.

If Hafiz does not understand the market as with his comment, you Saturn should not go on that level and not here . Use your own forum.!

For those continuing, Kimlun like many construction is heavy on the ppl and raw skill commodity. While Grandma views Kimlun as very discipline counter base on its steady revenue and net profit over the 5 years, Kimlun must ensure or at very least predict the outcome of contracts won with more precision on the deployment as it may cause exhaustion in moving assets and ppl during execution and be dependent on fix set of ppl for the next project in fear of the looming challenges for more investment.

Grandma has sold most and left insignificant number of lots due to price matching. The 5% margin is cut thinner with the recent results.

After holding this for 4 + years, Grandma will be releasing the last of Telco grade counter at 6.90 hopefully next week. Grandma too would like to do readjustment. This type of stock pick will prove Koon Yew Yin ideology right though Grandma do not think he bought into this counter.
Grandma feel the global business is heating up and challenges will continue with more man made crisis. For those following TPPA should also weigh in on the idea behind the globalization.

Is only Gradmas opinion as it does not look right.

Yes

Hafiz is isn't he?

Grandma will post openly too since there are 2 out of 3 counters In Grandmas list

Grandma think OTB should be fair and not have email sharing behind and hope OTB is transparent in this challenge.

Following Grandmas earlier write up, it will the next even year 2014 to see profit since the growth and harvesting of palm oil is exponential. The avg age is 5 to 6 years at current. April onwards this year has been good for log price but palm oil is only good in month of June. The results is expected with quarter result ending June having only 1 out of 3 mths in positive light. This can be seen in WTK who is doing the same as Jtiasa but proportion still higher in logging.

Take a moment and think about the world we live in with global issues stamping from war to financial. If you have read Grandmas thoughts in Kimlun, though the company has been very consistent, the margin of play is only 5 % which means there is not much room for global crisis, war etc and with the recent drop in Net Profit again proves the point. Though Grandma see a possible punt to continue but the odds of global is too high.

Now coming back to Jtiasa and the examples presented on Global issues and palm oil in general. Palm oil is a commodity that provides Malaysia with 70 billion income and is only next to Oil which stands at 80 billion. Malaysia is second in palm oil producing and second now in export though earlier it was said to be top exporter but second in producing to Indonesia. The countries that vide palm oil are India, china, Eu27 etc . If we consider China to increase the export, we do need a person like Robert Kuok to further mediate with his strong relationship with China. However this is far from true now as the many of his business in Malaysia has been taken up by Syed Mokthar and the solemn man has increase his business further especially Sugar and now palm oil in the region and world since the down turn has given him further opportunities. Robert has now a strong base in Indonesia and may be a real threat if he grow the business further with China. Here again we have 2 big Asian importer in China and India vs a collective in EU to withstand the down turn and crisis. The only challenege is to whether the crisis and the weather and price of this commodity. In Grandmas, books, if 2/3 is in Asia, it stands a better chance of triumph even with a poorer price which can and will improve.

Grandma has provided a lot of news and story over this period, and Grandma would like you to think of the reason and believe before buying. The logic of this is simple, when you have an objective and you believe in it, the share that you buy will have less punters.and speculator, and the end you spend less time waiting for contra and sellers to finish selling their share before the price move gain. Grandma has seen many arguments but in the end, the trending charts and measurement actually depict this action. But when a TA guy explains, he would explain in technical but may not have a story.

Here Grandma, is interpreting the charts, TA and the latest news to tell a story and how the story would continue.

One analogy Grandma would give is, the value of a housing location depends on the majority occupying the place and its vicinity. A good example would be the recent ruling by some condos to ban the Africans. Apart from the nuisance and problem they create, the property value is also degraded.

In a similar fashion, if you take out the bad hat ( in our case the contra and punter) and replace them with genuine buyers who appreciates the value projected by the stock and the initiative of the company management to recognize shortcoming and address them, the share price together with the share buy back by the company will remain solidly intact and less speculative.

Grandma would like to remind all that history will repeat itself. If you trust this statement, history in this case will be the movement of the stock.

In Grandmas opinion, this is a very good positioning and timing. With the heritage of Penang, and its tourist, Grandma sees a potential of property buyer coming in. In addition to the rise in property around the world, the location, attraction and accessibility of Penang will make it a superb buying.

For those buying into Gob or any Penang Island property development should be excited with the PSB. The opening has been delayed a mth to Oct as per link. This will open another opportunity for projects that sit at both ends of the bridge from Batu Maung to Batu Kawan. Gob will potentially benefit from this as they have a plot of land in Batu Kawan on mainland. Albeit the bridge is located south of the island, project like PWC will also benefit with the additional inbound and outbound access and the 2 major bypass.

http://www.thestar.com.my/News/Nation/2013/08/31/penang-ramp-collapse-works-resume.aspx

Hafiz, unfortunately this is a turnaround stock. I would be cautious at this point. Grandma look for consistency at this stage as war and tapering looms.

Hafiz, Saturn, OTB, this is a great challenge. A turn around vs a TA.

Grandma hope the Tropicana will be the choice.......

Tan KW.....I don't see the first to 30% ....did I miss it.


Posted by Saturn > Aug 30, 2013 06:34 PM | Report Abuse X

Tan KW pls state also 30 % above closing of Favco and Tropicana is how much so that we won't argue later. My calculation is

1. Favco - ref 2.88 (30% above is at 3.74)
2. Tropicana - ref 1.64 (30% above is at 2.13)

Pls confirm and add into list. Let the games Begin!!! Hahahahaha

Looks like the PP2 is on the way. Grandma advice to readers to read the last portion of the Topic carefully on the PP price. Remember the discount applied is at liberty till 10 %. The last PP was at 9.88%

http://klse.i3investor.com/blogs/kenangaresearch/35962.jsp

Grandma think the average price of houses in Canal City will be RM600 to 650k in line with IJM's 1st Phase launch of 584 units at Rm 650 k to 720k depending on the the size variant. Grandma is excited on IJM's 3rd Phase because the 2nd Phase of Terrace ( 484 units) which was offered to those who failed in their bid for 1st Phase of their project due to overwhelming demand was also snap up quickly. At this rate of take up, Tropicana finishing would in Grandma's opinion better than IJM and would have a lot of follower who will be anticipating this launch end of the year from Tropicana. Accordingly this is the Part B agenda in the coming EGM.

It should read RM1.2 to 1.5 Billion.

Avgly Kimlun performs at 5.3% on Net Profit. They are one of those company that perform every quarter to meet the years target as oppose to some who finish strongly at the end of the year. Again this is industry challenges.
However this round they are seeing one quarter dip. If such is is the case they need more convincing project % and numbers as they have to finish strong for next half and especially next quarter. As is they have a healthy order book of between RM1.2 to 1.5,, this is suprising for Grandma. If next quarter fails again, they will have a challenge in their hands. No 2 ways, top and bottom must be consistent since 5% is not a lot of room to play with.

This is one of the topic to vote and decide on in EGM. Note last year there was a PP which was cancelled.

Low volume inclination could mean one of 2 things. self buy or someone knows results. If its the latter, it is not guaranteed to sustain. If self buy, sometimes (apart from treasury buy) is to preserve the value of the stock . A good management does not only think of FA but the support of their share price is also of importance. We know good FA does not always translate to good valuation in the market share price perception.

PP2 decision is in September EGM. No businessman like Danny Tan will lose in exchange leave alone twice. So Grandma's advice is follow the trail of the money exchange Grandma mentioned earlier.

For those who like to dwell in deep.
http://www.crmz.com/Report/ReportPreview.asp?BusinessId=8319645

Russ, pls check your mail box for notification of Grandma's email.

The two combo that grandma does not like to see. The low volume and declining RSI . Those looking at this should be cautious now because pick up of the steam may be slow.

Cplee, Wonderful! But looks like the bottom line is hit by another interest expense and tax. Grandma see the de-gearing initiative as the only way to counter this interest as they come from debt laden interest or overdraft.
Russ, Grandma saw your message and am looking at more information to catch and understand your comment.

Hiddengem,

In Grandma's opinion as earlier in that sequence below. Grandma still believe to be correct and anticipated this week will be tough as in the comment. The KLCI failed to lift to the nearest at that point 1735 though it tried many initiative to move pass 1719. When this is seen, its normally likely to drop. Now it has drop below the 1710. Grandma has sold some yesterday in believe of what was posted since it did not suggest the ability to rebound further in yesterday's first half.
To give yourself direction, have a look at the consistency of Kimlun Revenue and Nett over the 5 years. It has been delivered with consistency though the margin is not as high.




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Stock: [KIMLUN]: KIMLUN CORPORATION BERHAD
Aug 23, 2013 08:50 PM | Report Abuse

Grandma too bought above 2 before the jitter of emerging market pull out. Grandma has since avg down again at 1.91. It will be tough next week because of market forces vs local sentiment for KLCI.

Having said that the plus point is what Grandma said earlier on NBIM and the only seller so far from Institutional perspective is RHB Investment and its local fund.

Grandma would conclude that most believe Kimlun will achieve target with the already 64% annual target reached.

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Stock: [KIMLUN]: KIMLUN CORPORATION BERHAD
Aug 23, 2013 04:47 PM | Report Abuse

Not when they have already achieve 64% of annual target. Unlikely to 1.60 unless global issue come one after another. If so, this will not be the only counter affected then.


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Stock: [KIMLUN]: KIMLUN CORPORATION BERHAD
Aug 22, 2013 11:59 AM | Report Abuse

As long as KLCI below the 174x and noninitiative from. 1719 to rise, the shares will be going down south. The initiative has got to be solid and passing at least 1735 to be convincing. Grandma can rest until 3.30 at this rate of action

OTB, Grandma wonders why you are getting into this fracas. You have those who read your posting and those whom you have helped and support you. Grandma thinks that is good enough. Your recent writing does not give a good impression and is taking away all the good things you have done. You are playing to their game which is to cause disruption.

Grandma has been looking to baseline Kimlun. So for those asking the question whether it is still good, use Kimlun RSI 25 as baseline. Start monitoring whether it goes pass the 30 and 40 etc. When it does that in inclination, the interest is there whether the price goes up or stagnant is a different matter. When a price start running up, this is a mix of momentum from speculator together with earlier investors. To further monitor this, look at the following day, if the price drops chances are its momentum buying from speculator who may not know what is happening but bought the previous day due to large volume or price run or rumor.

Now leading to the end of the month, start monitoring the behavior of Kimlun. It already did 3 runs of recent and have taken a longer break with its results due next week. When an investor like RHB pull out, sometime what it means is their trading buy (3mths above) or buy (12 mths above) or target price has been reached or they may have felt bearish sentiment and invested on a new stock with more inclination.

Grandma eager to see a twist next week. A 140 Million RCUL exercised, a 50 Million transferred out from Puan Sri, a 50 Million Received, a 50 Million disposed. We know where the shares came from but where did it go? So to understand, Grandma will revisit the old story again

Back to the Driver and his Boss story. At this point the driver has more confident to maneuver after some car parts are checked, fixed and addressed. So the Boss then tells the driver, to drive confidently towards a few checkpoint to deliver the goods of some deals promised to some of his loyal buyers.

To achieve this, the Boss made some partnership at the back of the deals he made upfront and to ensure cash flow while he also reduce his own risk with more partnership in a endeavor with multiple exposure and one that is larger than what he has done before. This, the Boss believes comes without a choice at the expense of growth.

One of the way is to convince partners of the growth that they are about to see is nothing short of stupendous. This in return indirectly will convince his buyers of what success is to come. At this point, the Driver has pretty much more routes to drive to his destination.

Grandma's summary of the Boss is, a deal was done first before the partnership. Hence knowing how convincing the Boss is, the driver job is to deliver the deal with finese and the the rest will be the Boss role.

"The above story is Grandma tales to put Grand children to sleep and has no relation to anyone dead or alive"

Grandma too bought above 2 before the jitter of emerging market pull out. Grandma has since avg down again at 1.91. It will be tough next week because of market forces vs local sentiment for KLCI.

Having said that the plus point is what Grandma said earlier on NBIM and the only seller so far from Institutional perspective is RHB Investment and its local fund.

Grandma would conclude that most believe Kimlun will achieve target with the already 64% annual target reached.

Good to find out more base on Grandmas earlier comment. Good or bad you have to decide for yourself.

Not when they have already achieve 64% of annual target. Unlikely to 1.60 unless global issue come one after another. If so, this will not be the only counter affected then.

Round 1 to investors. Grandma thinks they should have an announcement this evening if not next week. Finger cross and hands cross.

Looks like the boss listened to Grandma. Now driver can make full turn without worries.

Grandma like the support at 1.70

Grandma's advice to Danny Tan on perception of this counter as follow. The story of the driver and his boss. Everyone may see Yau as a good driver driving a premium car which requires a few things for it to run wonderfully and sound even better to bypasser and potential buyer and buyers of the car. Yau can only drive well if all the car indicator are not lighted. Any major parts require Danny to invest further into the car to ensure it continue purring and sound like what a premium car should and driven even better around corners and top speed on straight road. Don't expect the driver to work around a problem when the indicator is begging for attention. His job is to drive and drive well. And the indicators are the presentation of your coming financial report. So make it work!

Jenny, Grandma advice you to read first on the article and have an opinion. Your answer for this particular counter is truly an example of a TA vs a FA vs a true Investor. If you check on the PE, ROE and Net Profit, you may not be encourage. However if you read the logic of a successful investor below you may form a better opinion


http://klse.i3investor.com/blogs/kianweiaritcles/35212.jsp

Iwalk, GDP not really a big deal. The concern as Grandma can see is the sudden pull back by especially foreign buy in investors. However it cannot be done abruptly as they will also need to monitor the improvement first.

The date has been change to tomorrow for the announcement of the report.

Also KYY will want to buy those if they sell down as he has already mentioned that there are not enough share liquidity in the market to buy.

This one has 2 US base foreign investor Northern Trust and Dimensional fund. The former % is small and the latter hold about 7% again would not be too concern as KYY holds 34 Million shares approx 3.65%. This will help to stabilize.