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2016-02-16 15:03 | Report Abuse
For spaghetti, many thanks for your information. Hopefully, your piece of projection is correct; Further upside for Mitrajaya will be a certainty. And if the Board is smart enough, then declaration of dividend at 3.5-4.5 cents per share will boost up prices even higher.
2016-02-11 09:57 | Report Abuse
With the completion on the disposal for Lasik 51% subsidiary for 5.1 millions, more cash will be available for operations and dividends. HL investment bank has called for "buy" rating indicating the target price to be RM1.95. The bank has not disclosed up to when and for how long to achieve this target price of RM1.95
2016-02-08 20:15 | Report Abuse
Did anyone ever have a chance to visit "De'man' in USJ Subang Jaya? How is the crowd during Chinese New Year?
2016-02-08 20:11 | Report Abuse
An excellent report all Malaysians should take note. If you are investors in our Bursa Malaysia, then you need to be extra careful lest you will lose money investing big. Finally, for kiasutrader 1, you have done a favour to forumers with your good writing. Thank you very much
2016-02-08 11:13 | Report Abuse
Dolomite share price is unlikely to drop below 50 cents for a very simple reason. Controlling shareholder and director will not pump in over RM1.5 millions to convert his warrants into ordinary shares by paying 50 cents per warrant. Furthermore,China steam and electricity plant has started making money selling to the State owned Electricity Board effective from July 2015.
2016-02-08 10:36 | Report Abuse
An excellent insightful report. Thank you very much Yistock. You are indeed very good comparable to icon8888. Please write more of such reports to educate us and we really appreaciate your fine works.
2016-02-03 09:47 | Report Abuse
If Mitra can declare at least 3.5 sen per share dividend upon the closure of its financial year end 31/12/15 along with its good reports, soon price will gradually climb back to RM1.20 - 1.40 region.
2016-02-03 09:45 | Report Abuse
It looks like this company is doomed. So many projects secured and yet the price is down.
2016-01-29 10:38 | Report Abuse
Mitrajaya coming quarter results should be good. Likely dividend will be declared. Insiders are now busy buying this share as it has been bitten down quite a lot lately. Any news on the sale of Lasik business?
2016-01-27 09:48 | Report Abuse
May I ask 22avenue where and how you manage to come to know there will be a bonus issue? If you examine the present Directors, they are very conservative and prudent in making decisions. The recent private placement at RM4.20 can be considered eye-opener to us and I really hope there will be changes in the mind set to be more proactive and to pay at least 10 sen dividend instead of the meagre 3-4 sen yearly
2016-01-27 09:43 | Report Abuse
Dolomite will have no choice but to publish the operation and results of Power Plant in China as this will be another substantial source of income. Be patient to see for yourself the coming quarter results.
2016-01-25 08:48 | Report Abuse
Bintai will be up very soon. Imagine so many contracts secured. Recently Bintai has upgraded to Turkey contractor instead of sub-contractor. Just be patient for another 6 months, the revealed result will spur buyers into this counter.
2016-01-24 09:09 | Report Abuse
Just this month January, 2016 Bintai has secured 3 projects; 9.4 m, 120 m in Malaysia and 32 mil in Vietnam. Imagine, Bintain just clock in 5% profit from these project alone, you will get 8 millions profits. What about all those projects secured in 2014, 2015? Surely this is the counter we can bet on!
2016-01-20 12:52 | Report Abuse
Bintai just sent a filing to Bursa Malaysia announcing successfully awarded turkey project of RM120 millions for Kolej Teknologi Islam Melaka Berhad. Yesterday project announced merely RM9.4 millions. More yet to come. Share price will zoom soon
2016-01-19 20:28 | Report Abuse
For a long time, Bintai is not able to successfully secure job in Malaysia. Most jobs are from overseas. Not bad for 2016, I strong believe more projects will come very soon.
2016-01-19 20:18 | Report Abuse
Fling to Bursa Malaysia has confirmed receipts of RM22 millions from sales of loss making subsidiary based in Kuantan.
2016-01-19 14:54 | Report Abuse
Dolomite has resumed its climb upward. Soon it will go further north. Controlling shareholders and directors have continued to put in more money by converting their warrants into ordinary shares. Very likely coming quarter may even declare a small dividend to loyal shareholders
2016-01-19 11:11 | Report Abuse
Pintaras Jaya is a better counter. Par value is RM1 verses RM0.25 in Ikhmas; Dividend paid last year 18 cent per share, Ikhmas is yet to declare its first since IPO; Pintaras is cash rich whereas Ikhmas has about 7 millions loan (net) as at 30th Sept 2015.
2016-01-18 11:42 | Report Abuse
Hold. Unless you no faith in this counter and you can also make some money. By next few quarters, you will see the good results produced by Seal
2016-01-15 16:05 | Report Abuse
Huang Jen Soong, director and controlling shareholder has again converted 3.3 millions warrants into ordinary shares by paying 50 cents per warrant 0n 12 January 2016. This means that he paid RM1.65 millions to secure the ordinary shares. He did this on purpose! Most likely the forthcoming company's financial reports will be good and he might even declare a dividend. Do you think this is logical? If not, why must he put in more money into the company? Obviously, he knew what is going on with the company's performance better than all of us. Let us follow his step to keep and buy more to benefit from it as well.
2016-01-15 11:43 | Report Abuse
More piling projects will be forthcoming. Pintaras Jaya is a very well reputed piling company. Even the coming tallest building is done by Pintaras! Keep buying as this counter has been sold down previously..
2016-01-15 11:40 | Report Abuse
For Probability, Thank you very much for your insightful information on Seal. I believe Cheras project , Queensville can sell as the location is mature and close to LRT. Furthermore, if the price is around RM300 k - RM400/- range, I see not much problem for the project to be completed soon.
2016-01-15 07:23 | Report Abuse
My prediction is, for the coming quarter results will be very bad! Those in the same line of business in Palm fibre have suffered tremousdously. I am not here to kill your spirit but to provide a strong warning so that you can act shrewdly and prudently. Your money and your action will be accounted for,by yourself and not someone else.
2016-01-13 15:05 | Report Abuse
For Probability, May I ask your visitation to the Site, is there any construction works being carried out? We did not see any advertisement on sale of Q Residenz. According to Bonescythe, the gross development value of this parcel of work is worth RM300/-. Is it true the 70% already being sold for Q Residenz?
2016-01-12 10:21 | Report Abuse
Coming quarter results should be good. Insiders are now busy buying. To ride on, those who have the cash can increase their holdings. Trading price should be not less than 60-75 sen.
2016-01-11 09:42 | Report Abuse
Universal Trustee for CIMB Islamic Small-cap Fund is now owned 5.9 % of "Success" Issued and paid up capital. This seems strange for CIMB to invest in this sleeping, China man company, They must know better than ordinary investors. Anyone would like to share your feelings and any insiders' information as to who is the seller for such a big quantity of shares in order for CIMB to accumulate?
2016-01-08 15:29 | Report Abuse
Merchant bankers' almost always provide biased opinion. Understandably, providing recommendation to buy or sell is their business! So, do not trust 100% what they have written, just take the reports as references for your own research.
2016-01-08 10:23 | Report Abuse
Yeoman of Singapore investment fund has acquired 3,700,000 shares (or 1.35%) of Astino Bhd as per 31/7/2015 annual report. Why do think Yeoman want to buy this counter? For profit making. Yeoman Fund has been well-known for getting good returns for investors and as such this Fund must have done a lot of research before committing to buy. Furthermore, the bulk of Astino list of properties has not been revalue to market price; and most of them are located at Penang/Seberang Prai at 2008-2010 valuation.
2016-01-07 13:13 | Report Abuse
Anyone knows why Success suddenly up 12 sen whereas the general market sentiment is so poor? Any corporate development? Any change of ownership? Any Fund manager buying especially Yeoman from Singapore?
2016-01-06 16:33 | Report Abuse
In my posting on 4/1/2016, GOB's half year profit was 14.48 sen (EPS) instead of 9 months results.
My apologized for the mistake. As GOB financial year is ending 31st March 2016, my prediction still stands.
2016-01-06 09:09 | Report Abuse
Dolomite is now being fried by investors to move price higher. Image, even if it is at RM0.90 sen, the P.E. for this financial year is still less than 10 provided the profitability is sustained in the last quarter.
2016-01-04 20:01 | Report Abuse
For yeohhh, In this forum for investors, all are encouraged to give their thoughts and viewpoints. My purpose of writing is noble, trying to warn those naives and newbies to get out of this doomed counter. If they failed to do so now, they might be trapped once the coming quarter results are released. If you are not in agreement with what I have written, please ignore them. Also if my language has hurt you, I now apologized for it. Even though you posted what I have said on 30/12/15 and 4/1/2016, the contents are still the same, not contradictory. AVOID HHG
2016-01-04 12:46 | Report Abuse
You don't need to be an expert. If you are in this trade of palm fibre, then you will know how difficult to see to China market now. Not only cheap but quality must be good. So cheap that it is below cost for HHG. Just wait till end of February to view this latest quarter results, you will be convinced what I said.
2016-01-04 12:12 | Report Abuse
GOB's 3rd quarter results have shown earning per share =14.48 sen; borrowings RM255.9 millions, Cash RM89.3 millions. Fast forward to 4th January 2016, 2 major transactions have yet to be taken into account. (1) Sale of Da'men in USJ for RM488 millions. (2) Sale of 51 % of Batu Kawan land via 100% owned subsidiary Penaga Pesona Sdn Bhd for RM41 millions. The latter sale will generate profit RM43.24 millions (due to accumulated losses in prior years) As in the case of De'men, not much details have been given, and can safely assumed to make RM80 millions x 72.5%=RM58,000,000/- ( 27.5% is attributed to landowner) Thus, even without taken in property dev profits, trading profit , GOB will have RM101.24 millions + 9 months report up to 30/9/2015 of RM65.8 millions totalling RM169.74 by 31/12/2015. eps will be 75 sen. Additionally, cash flow from sales of 2 land and property will further reduced borrowings. In fact, GOB will have net cash in hand after the 2 transactions are completed before 31st March 2016. As it is I don't see any good reasons why GOB share price is still dropping. It should instead have move upwards.
The above is just my viewpoint. If you are not agreeable, please state the reasons to help me improve my understanding of investment. Kyy advocates buying shares if earning this year is better than last year! GOB has nicely fits into this category.
2016-01-04 10:56 | Report Abuse
We are looking forward to Icon8888 trading price of RM3.96 since the first trading prince of RM3.58 is about to achieved. Now TGuan is trading at RM3.40
2016-01-03 06:23 | Report Abuse
For kilady_fidah - you are right! Saturday Star newspaper has published Ajiya prospects in a favourably. This may help share price on Monday
2016-01-02 08:29 | Report Abuse
What happens to the Cheras project? Still no news for launching! I am keen to see its response
2016-01-02 08:27 | Report Abuse
Please run away from HH Group if you wish to save your hard earned cash. Palm fibre is not sellable in China anymore. Romours were circulating that its factory has ceased few lines of production due to slackened demands! Do you believe such talk? Why not pay a visit to the plant to see for yourself
2015-12-31 12:09 | Report Abuse
Investors cannot expect Dolomite taking a flight like rocket straight to the moon! Reasonably, Dolomite needs to pause, rest and even go down due to profit taking activities. What is important is the trend that is moving forward and upward with good momentum. Otherwise, director will not put in money to convert warrants into ordinary shares. Wait for about 2 months to confirm the financial results, you will be surprised to see people will rush to buy even at 60 sen.
2015-12-31 07:04 | Report Abuse
Icon8888 very well written article on the TGuan (Part 6). I indeed appreciated it very much. Your 3 lorries warrants could fetch you 2 bungalows soon if target price is reached at RM3.96. Ha Ha ! Just kidding!
2015-12-30 15:07 | Report Abuse
1.95 sen dividend is forthcoming. Almost same line of business with Ajiya, except Glass production, how come Astino cannot perform as good as Ajiya? I am still puzzling as to why such a big gap in market price!
2015-12-30 10:23 | Report Abuse
HHG is involved in biomass industry. I considered it as a very volatile business. Currently, this business is facing problems securing buyers in China. I heard rumors about plant being shut down to cut production. If this is true, then coming financial reports will be doomed. Please do your own research before investing in HHG; market price will be even lower than current price if those reports that I gathered is truthful. Personally, I have disposed all my holdings even at a loss in this counter.
2015-12-30 09:51 | Report Abuse
For kancs3118 - Investing is a very tricky business, you need perseverance, patience, skill and a bit of good timing in order to gain. Otherwise, you may as well surrender (give up). I strongly feel that GOB's board of directors and Management had done a good job in disposing loss making subsidiary that owned land in Batu Kawan, and also to monetize Da'men for RM488 millions. Time is bad and cash is likely to be King very soon. Come next year reporting, you may see GOB strong results to spur market prices to a new height.
For hng33, you have done a good job by buying more at 54 sen. I believe you can make a good deal from this counter soon.
2015-12-29 17:29 | Report Abuse
For kancs3118 - I really appreciate your frank and candid information. Your views on F&B and PNT are relevant and definitely sore points to investors. Judging from the market price movements since announcement made on disposal of Batu Kawan Land, many investors have actually concurred with you. I believe there are many valid reasons also - some hindered, some obscured and some obvious to onlookers like you.
I also agree that the Board and Management tend to have very close link/connection with Malton and its boss. I also feel strongly that the terms on sale of De'man (USJ project) more favour to buyer (Pavilion REIT). Still the purchase price is reasonable and enabling GOB to monetize its property with immediate cash to settle debts and providing funds for developing Ampang Land.
Also the BK sale is close to RM8 per sq ft, not much difference from RM10/- market value at this time. Of course, Land will always increase in value over time. But, GOB requires Cash and this sale fulfil its requirement.
2015-12-29 14:52 | Report Abuse
up 2 cents to 54.0 cents. Volumes have increased to 3 millions as at 3 p.m. today.
2015-12-29 09:45 | Report Abuse
Selling Batu Kawan land not only enabled GOB to monetize its idle land but also improve its cash flow, increase profitability and balance sheet for the coming financial year. Since GOB bought the company which owned Batu Kawan land in 2011, GOB has to service loan, incurred additional losses yearly totalling RM38 million as at last FYE. Furthermore, GOB's disposal is only 51% for RM41 million or about RM31/- per share of Penaga Pesona Sdn Bhd and has a put option to sell further 49% at the same term within 12 months from date of S&P. I would strong believe this disposal is favourable to investors and may see dividend payment by next financial year along with the completion of de'man (USJ project) disposal.
2015-12-28 16:41 | Report Abuse
Wow! I am wrong, it is now 52 cents and not 50.5 cents. Simple logic will tell insiders' are keen to
buy, even Huang Jen Soong, director and controlling shareholder has converted 1,925231 warrants into ordinary shares by paying 50 cents per warrant.
2015-12-28 16:36 | Report Abuse
Dolomite is now moving fast, touching 50.5 cents. Soon it will cross 60 cents
2015-12-28 11:53 | Report Abuse
Sorry! see wrongly. Now it is only RM3.11 up 18 cents for mother share
Stock: [MITRA]: MITRAJAYA HOLDINGS BHD
2016-02-16 15:17 | Report Abuse
After checking Mitrajaya 3qrt results, spaghetti's prediction may not be correct. 9 months Mitrajaya reported 636 millions revenues, 83.6 millions pretax profits. Assuming 4 quarter revenues recorded RM200 millions, then total profit before tax = RM103.6 millions, far below the consensus. I would expect more than RM240 millions revenues Vs Sept 2015 RM231 millions; with pretax profit of at least 26 millions.vs RM25.8 millions of the last quarter.