something big is coming

buy....

buy

4.76 rhb

ask your fren . he would know

whats happening in1st april? heard got redbull thailand coming.

nazir already hinted environment tough

my target is 23sen

breaking 2.20 resistance tomorrow wohoooo.

heard there is a savior white knight coming soon

wan has been selling all this while. but last round wan suffian bought from open market was back in march and in april 2014. 3 weeks later dsonic won a 220m ringgit contract. back then he didnt buy as much as 100,000 shares.

he bought 91k shares was back in 18th feb when share price tanked due to UMA. price spiked the day after. This shows strong conviction that something big is going to be announced.

:I

where is pavillion?

This is my own analysis on Guoco's fair value.

Fair value: RM2.53
Current price: RM1.52
Market cap: RM1.064b
Upside: 66%

(A) Company Background
-GuocoLand (GLM) is the property arm of Hong Leong Group, with an established presence of over 50 years in property development and hotel operations in Malaysia.

-GLM also owns GLM REIT Management which is the manager of Tower REIT, listed in Main Market of Bursa. Tower REIT owns 3 prime commercial buildings (Menara HLA, Menara ING & HP Towers) and 2 hotels (Thistle JB and Thistle Port Dickson Resort). Currently, GLM effectively owns 22% of Tower REIT.

(B) Shareholders
Guocoland Limited (Listed in SGX) – 65%
Guocoland Malaysia (ESOS) – 4.4%
Tha Bank of Nova Scotia – 3.1%
Tan Sri Quek Leng Chan – 2.8%

-As you can see, Tan Sri and related parties have owned more than 75% in the company, free float is thin here.If you look at Tan Sri's other long term investment like HLIND/ HLCAP and NARRA, their share price had done exceptionally well for the past 2 year.

(C) Current and upcoming launches
Developers are moving out of central KL to places like Semenyih, Kajang, Sg Buloh and Rawang. This position definitely benefits Guocoland as they own land in Kajang, Sg Buloh and Rawang.

Rawang (50% JV basis)
(i) The Rise (180 bungalow lots at RM1.6m – RM4.7m)
(ii) Emerald Gardens (161 units of superlink houses)
(iii) Peridot (65 bungalow lots) – sold out
(iv) Amberley (semi-detached homes) – sold out
(v) Coris (double storey houses) – sold out
(vi) Coral (double storey houses) – sold out

Damansara City
One of the Guocoland’s upcoming flagship project in Damansara Heights. The iconic landmark (8.5 acres) will include 2 luxury condominium blocks, 2 corporate office towers, a lifestyle mall and international-class hotel. According to a recent report by the edge, the response of pre-launch of DC Residency is good. I would expect the condos to be fully taken up within a year. The project is expected to have GDV of RM2.5b.

Amandarii Kajang - 33 units of 2-storey bungalows

Sepang (40% JV basis)
Huge piece of land (4,800 acres) where 1,200 acres will be allocated to develop the Pantai Sepang Putra project with residential development

http://www.thestar.com.my/business/business-news/2013/11/04/guocoland-plans-rm15bil-projects-in-fy14/

Melaka (50% JV basis)
Guocoland has announced they will increase stake in their JV company, Continental Estate Sdn Bhd which owns the 3,869 acres land in Melaka. The company’s capital structure consists of ordinary shares and convertible preference shares. A back to envelope calculation shows that the company is worth at least RM480m. There will be definitely be potential upside from this deal as Guoco is planning to develop this piece of land soon.

(D) Financial analysis

Revenue
Since last year, Guocoland has registered a strong growth of 130% in their revenue due to a few launches that has done pretty well. I expect Guocoland’s revenue to go higher from here as they desire to complete Damansara City’s project in 2016. A RM2.5b GDV by Damansara City will register total annual revenue close to RM800m for the next 3 years (assuming the mall/hotels and offices are sold to third party). Revenue may hit RM1b in FY2016 if all these materialise.

Contribution by JV
JV contribution has slowed down abit due to a massive launches in Rawang for the past 2 years. However, there are still huge landmark sitting in Emerald East and West waiting to be develop. With the addition of possibly launches in Melaka and Sepang for the next 1-2 years, earnings contributed by JV would set to double or triple in FY2016.

Contribution by associate
The major contribution in this segment is Guoco’s 22% interest in Tower Reit. Expect to remain flat.

PATMI
Profit after tax and minority interest have shown more than 50% growth in the past 2 years. Using a PAT margin of 15%, we could expect contribution from Damansara City alone would easily generates RM100m annually for the next 3 years.With the projects mentioned above, Guocoland could easily register RM150m in FY2015-2016.

(E) Valuation
In this case, the company did not mention most of its upcoming development and potential GDVs for their projects, thus we use per square feet basis to value

will there be a privatization?

F***K yeah!

the big boys were the buyers

buy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

https://brokingrfs.cimb.com/1dpHU4-0Be-adZjhw-1K6nQ7JrzIDHeG2jSf7UjIDVjPnEGyjQ11ruxjRJNf8u-t8eMJdGL4YFUfvQ2.pdf

cantik... breakout... next 1.20. double order book means double revenue and triple profit!!!!!!!!

potentially getting cambodia job worth RM20m and solar job from 1mdb. BUY yaaaaa

potentially getting cambodia job worth RM20m and solar job from 1mdb. BUY yaaaaa

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCoQFjAA&url=http%3A%2F%2Fresearch.osk188.com%2Fattachments%2F87%2Fosk-report-my_ock_group_trading_idea_20131209_rhb-IkH3133493574652a51884d1a04.pdf&ei=TQIgU8SQBoelrQeCqoG4DA&usg=AFQjCNHLXZFe6jIdBTXCZOPxYAFVlyTfcA&sig2=y4rf7j9LZh4caHaJQ47nrg&bvm=bv.62788935,d.bmk

http://research.uobkayhian.com/content_download.jsp?id=20121&h=e34efa3403c4f206c11404a6fbc37cd0

The start of a major shareholder-value-enhancing journey... MAica is well
poised to join the mid-league property developers following the acquisition of two
small developments in 2013 which saw the emergence of a new controlling
shareholder, Datuk Ter Leong Yap who holds 50.11%. We foresee MAica eventually
raising its development GDV by manifold by acquiring Ter’s remaining valuable
landbank from his flagship Sunsuria Group that is serving current sweet spots (midpriced
residential and commercial/industrial) in property development.
 …led by an experienced hand. Ter is in the property development business for
over 20 years, serving the mid-priced residential segment in the Klang Valley. It has
been well-publicised that Sunsuria’s existing landbank in Selangor and Iskandar
stands in excess of 400 acres with the potential to generate GDVs of >RM11b.
These include a 300-acre township development in Salak Tinggi, adjacent to the
upcoming Xiamen University Malaysia Campus as well as an 82-acre plot of land in
Medini, Iskandar Malaysia.
 We foresee opportunity for MAica to significantly create value, via securing
substantial stake in the prized landbank, thus allowing shareholders to enjoy the
upside in development profits. A ballpark calculation of Sunsuria’s RNAV is in
excess of RM944m vs current land value of RM224m, which implies a potential
value enhancement of RM720m.
 Initiate coverage with a BUY and target price of RM1.98, based on a 40%
discount to our SOTP valuation of RM3.30/share. Our valuation assumes MAica
acquires 50% of Sunsuria’s key existing landbank at market prices, with each
incremental 10% stake increase in Sunsuria potentially lifting MAica’s FY15F net
profit and RNAV by RM4.6m (2.9 sen/share) and RM72m (45 sen/share)
respectively. Our target price also implies a hypothetical 6.3x FY15F PE. However,
we foresee a potentially significant cash call should MAica decide to go on a
landbanking exercise.

rnav is somewhere to the tune of rm3

the company just sent an invite out to the analyst community to see their new plant. gonna be a boost to earnings

theyre bidding 60m usd worth of new jobs... so total orderbook will balloon to 552m RM. their 2013 revenue was 217m rm. so orderbook to revenue ratio is 2.54x... coastal contracts a comparable peer is only doing a orderbook to turnover ratio of 1.57x. Coastal PE is 9.5x and TAS is only 5.7x. so if we use 9x on FY14 EPS , TAS offshore tp is 1.15 as per above paragraph. but i think it should deserve higher because of its larger orderbook to revenue ratio

they doing share split or bonus issue soon.