Top secret.

Thanks Icon for another hard effort. I have 400k units of PJDEV-WC. bought around 58-65sen. :)

Agreed. Buy WA as it is more attractive than mom.

Nope i am not related to accounting but something related to human life. Stocks are just my hobby.

by calculation of its assets + debts + borrowings

IV= RM 2.62

GUH: It is close to sealing a 30 year water treatment plant concession agreement in Myanmar. The deal if materials, is expected to contribute rm9 million per annum to the company’s bottom line.

This is part of the company’s strategy to diversify its business which is involved principally in the manufacture of PCB. This division is the largest contributor which is 80% of its revenue.

GUH holds some rm40 million in water projects in Malaysia. Plans are afoot for greater participating in the segment via its 70% owned Teknoserv Engineering Sdn Bhd, which GUH acquired in 2012.

The group said the contribution from water projects is expected to generate about 10% of its turnover in 2014.

Apart from water treatment plants, GUG is involved in key businesses including electronics and electrical property development, plantations and power generation.

It has been operating a 35MW diesel engine heavy fuel oil fired power generating plant in Cambodia since 1997 via a 20% stake in an IPP. The concession is due to expire in 2015.

It has property development in Taman Bukit Kepayang on 50ha site in Seremban.

apa yg approved?

Today look good for both mum n son, next week will be very bright for them!

i always play ;long term, this stock not for contra

lets huat!

TQ mr OTB for ur guidance and advice. i self calculated the IV based on own researches and feedbacks. mr OTB will be a better man to ask for TP. tq

GOOD sign that it will reach rm1.00 by next week.. I am already smiling very broad now...

Whether u wana belief or not, its not my business. As long as i had calculated the IV for it, i am still firm. TQ

Yup, KSL was down badly in end of Feb due to losses incurred for the RPGT it seems, thats why it went down.

TP for encorp is RM2.26

rm1.00 coming

tua huat!!

1.50 coming

Must be influenced by article?

Tua huat today! yippieeeee

Wow....encorp today move already! Looks like my article really spur the market...hehehe

Did some small reading on Encorp and Sunway recently, hope Iconn888 can do better and give a good write ups on both stocks!

By end of May

what is there to kikikiki tjhldg?

Matrix, need ur opnion on KSL. tq

Why was the previous quarter in Feb that it reported a loss?

The boom in the property and construction sectors saw the group chalk up its best ever net profit in 2013 with RM1.5bil, though boosted by non-recurring fair value gains.

Expect the group to launch RM1.9bil worth of property launches, of which RM300mil will come from its maiden launch in Iskandar Malaysia in Johor where it has 1,800 acres for development

And Sunway is on the lookout for more land in the Klang Valley as only 50 acres of the 700 acres development in Sunway are left for development. Sunway’s construction unit is also eyeing RM2.5bil new jobs in 2014, of which 70% of the new contracts will be external jobs.

In 2013, it had RM2.3bil new jobs that helped boost its order book to RM3.9bil as at the end of 2013. The construction arm is keen to take on more jobs for the elevated packages for MRT2, after landing jobs for MRT 1.

Does not expect the China operations, where Sunway is building some high-rise residential blocks, to be a major contributor to earnings.

There is going to be an abundance of incoming supply in Johor Baru where Sunway has a joint venture with Khazanah Nasional Bhd and Iskandar Investment Bhd to develop 1,800 acres.

Although property demand of late has been relatively muted, margins are likely to be good given the Sunway group’s low land cost. Sunway’s holding cost is lower than many other developers in that area. It bought 700 acres for RM25 per sq ft (psf), and another piece of 1,100 acres, also known as the Pendas land for RM12 psf. In comparison, it only paid RM1 psf for the Sunway land in Bandar Sunway, which now fetch valuations of RM100 psf to RM500 psf.

The 1,800 acres add more landbank to Sunway and the Medini Iskandar development is projected to have a GDV of over RM30bil.

The 50 acres at Bandar Sunway will take sometime to develop. On top of that, there is the Iskandar land that will keep the group busy.

Its next big township development that it may undertake will be at least 500 acres.

There are also plots in several locations in Malaysia and overseas. Sunway is developing residential and commercial units and has construction jobs in China, India, Cambodia, Vietnam and Singapore.

It has morphed from pure property into construction, hospitality, retail, medical, leisure and commercial properties group.

Construction is also a huge business earner, and when combined with property and property investment, contribution to core earnings for the full year is 75%.

Sunway’s Remaining land Bank

Total land bank: 3388 acres
Total GDV: rm51 billion
Development Period: Up to 15 years

Klang Valley: 788 acres (Sunway South Quay, Sunway Velocity, Sunway Damansara)
Johor: 1835 acres
Penang: 204 acres
China: 28 acres
Singapore: 6.6 acres
Others: 527 acres

EnCorp: Sources say that Felda Investment Corp (FIC), a newly set up investment arm of Federal Land Development Authority (Felda), is believed to be eyeing for a substantial stake in the mid-cap construction and property group.

In July 2013, the shareholding of Encorp saw a major change when former executive chairman Datuk Seri Dr Mohd Effendi Norwawi decided to sell out via his private vehicle Lavista Sdn Bhd, which owned a 30.55% stake in Encorp.

The stake was bought over by both Encorp group chief executive officer Yeoh Soo Ann and chief operating officer Mohd Ibrahim Masrukin.

For now (15 March 2014), it is still unclear whose block of shares FIC is ogling at.

Among Encorp’s signature development projects in Malaysia and Australia include its flagship Encorp Strand in Kota Damansara, Encorp Cahaya Alam in Shah Alam, The Enclave Hillside Villas in Batu Feringghi, Encorp Marina Puteri Harbour in Nusajaya and Residences on McCallum Lane in Perth.

As at June 2013, Encorp’s gross development value stands at RM3.5bil with its construction division’s order book generating over RM2.2bil and its concessions valued at RM2.2bil.

Set up in July 2013, FIC is one of the four income generating models created by Felda to support the new generations of Felda settlers. Thus, FIC has been tasked to monetise Felda’s existing assets including 22-acre prime land bank in Kuala Lumpur and hotels by way of undertaking ventures in property-related projects and further develop Felda’s hotel ventures under the Felda Residence brand name, among others.

It was reported that FIC via Felda also have some RM8bil worth of quoted and unquoted shares in companies in Malaysia.

Sources said that FIC is currently (March 2014) identifying new businesses and also streamlining its existing ones. For now (March 2014), the core businesses identified by FIC include hotels/hospitality, property development, travel/tourism and manufacturing businesses.

Under hotels and hospitality, which Felda has been involved since 1991, sources point out that FIC is in the process of rebranding and considering a name change for its Felda Residence (FR) chain of hotel.

There are seven Felda Residences in the country including FR Tekam in Pahang, FR Trolak and FR Hotsprings in Perak, FR Kuala Trengganu in Trengganu, FR Sahabat in Sabah and FR Tanjung Leman in Johor. This exclude the three new ones bought over by FIC in 2013 namely Hotel Grand Borneo in Sabah for RM86mil, Hotel Sri Costa in Malacca for RM24mil and UK-based Grand Plaza serviced apartments in Bayswater central London for a hefty RM497mil.

FIC came under heavy criticism from the detractors of Felda last year for splurging over RM600mil on the three ventures within a short span of five months prior to March 2014.

Meanwhile Encorp expects to continue on its growth trend and sustain its revenue growth this year from progress billings generated from the lock-in sales of RM727.5mil comprising the projects of Encorp Marina Puteri Harbour in Nusajaya, Encorp Cahaya Alam in Shah Alam and Encorp Strand Residence in Kota Damansara.

Yeoh had earlier denied that Encorp was disposing its only shopping centre asset, Encorp Strand Mall in Kota Damansara, and that an interested party had offered RM400mil to buy the mall. He said the company was keeping the shopping centre for future recurring income.

The Encorp Strand Mall is projected to strengthen the group’s financial performance for the financial year ending 2014.

Contrary to the speculation of the sale of the mall, he said preparations were going full swing for the mall’s grand opening in April 2014.

Csn still buy?

Adamlambert : u shouldnt blame Icon for any losses, the decision is yours of whether to buy or sell. I dont see any wrong of Icon writing on GOB lately, in fact i enjoyed reading his articles. Of course, we need to use own judgement on whether wana fully digest and accept his facts as virtual 100% truth or not. Thats why we hv an organ named BRAIN.

I think u should stop harrass Icon. I see u harrassing n condemning him in Tropicana and GOB threads, which isn't a good thing to do, but it showed how stupid are u.

Ya, ur menu looks nice....

Icon888 should write something abt CView.tq

Icon888 shold prepare an article abt this stock

Continue to accumulate....sure up

With the share buy back, i am sure the price will be stabilized.

what happened? suddenly this price rise?

KNM had taken a great beating for one week, profit taking sets in now. Doesnt look good

Profitman : need ur opinion on KNM. Can it be bought at current price 83sen? TQ

Though with that high volume, the price still went down to 34.5. No meaning

awake already at last!

Out of no where, this thread is so active....suddenly

How sure are u that it will rise till that high?

tomorrow for sure will breach rm1.00

Tua hUat!

Tua Huat!!

thanks for your updates and effort!

Thanks profitman and Matrix for info, really appreaciate ur feedbacks. Well, the knowledge is to enable me understand a company better :)

Is Mahsing a good buy?

Would you think tomorrow the price will go up?