Wow. UEMS has fallen by about 38% from May this year

Wow. Is it correct to say that Trop has fallen by about 40% from 2.20 in May to 1.29 yesterday?

What I commented here on 31 Oct on Iskandar was what the President of MIEA said in the Sunday Star dated 17 November 2013. So even the President of MIEA shares my view

Now is not the best time. Mid 2014-2015 is probably best time as many projects (condos n apartments) will be completed coming onstream and will be struggling to find buyers and tenants OR else these units will be vacant. And these will have a domino effect starting from the high end to mid and lower end condos and apartments. Empty/vacant units are very undesirable esp apartments as they are easily subject to vandalism. Apart from that you should watch out for quality of construction, quality of surroundings, quality of owners and tenants and quality of JMC n property manager

Dont believe these investment banks/stock brokers as they are paid to write n paint rosy pictures about these companies. If they are so accurate, why did price come down from 1.65 to 1.29 now when they predicted to go up by 32%?

Not intelligent. Just as an old man, I m more knowledgable and experienced than most when it comes to property. Like the proverbial cantonese saying " I eat salt more than you eat rice".

That was what I said 4 weeks ago

I beg to differ. Trop will be hit n affected badly simply bcos most Trop's projects are high-end niche projects such as Metropark and Danga Bay which are very dependent on speculators, flippers and club investors and of course sinagporeans. Trop does not even have a single township project or affordable schemes. With the 2014 Budget measures and BN Circular, Trop sales will be hit post Budget 2014 in the coming months and beyond ie 2014/2015 if BN/Govt do not relent on the measures. On top of that, the interest costs will eat into its diminishing sales and profits in future P&L results. Its too late for Trop to degear as evidenced by the backing out by CapitaL Malls. No other company will buy unless there is huge adjustment in the asking price.

MKLand is a hollow company with poor management and little potential

By right, EPF cannot own shares in this company as the major shareholder is a singaporean chinaman

Even european airlines incl Luftanza have down size to reduce costs in order to compete. But not MAS which is being held to ransom by the staff for their votes. Sell n privatise MAS is the only commercially viable option

I can definitely confirm that

Wan2super is absolutely correct. my average cost is only .26 cts. i still make money even if traded at .30 cts plus warrant

Legally speaking, politics aside, based on Part XV Section 127 of the Local Govt Act, DBKL has every right to review the Valuation List and revise the Annual Value to market rental value for assessment rates purposes every 5 years. The dispute is not so much the revision in AV but the quantum which wll only add onto the increasing spiralling living costs due to increase in fuel, food n electricity costs etc etc. Not forgeting the impending GST in 2015 which wil also inflate living costs for the low, low-middle and middle income groups. the only plus is it will hopefully add onto the financial burden of speculators and flippers esp when their units are not able to rent out due to excess supply if completed which is happening in KLCC n Mont Kiara locality. The same will happen in Iskandar in 2015

Mana tau buat business. Just tengok Emirates n Qatar buying hundreds of new 777, 787 & A380 costing hundreds of billions. Just close shop or sell it off. MAS is overstaff and overcost

What did I say on 1/11, 9/11? Now it looks like a sei mai, a dead horse if u r not careful

Betul cakap nemesis. If MKLand is impacted negatively by the potential abandonment of Empire City, share price mesti jatuh

The litmus test is what happens after listing say 6-12 months after listing

1.75 is Kenanga's view of the fair value of its share price based on DCF RNAV n is NOT the NTA. Moreover Kenanga is the PROMOTER and placement agent for Titijaya and as such Kenanga owes a duty to Titi. No where is stated the NTA

It does not make sense. Where does it say exercis price is .32? If true then warrant is not worth .27. Why should anybody exercise warrant then if mother is cheaper by .12? Can somebody explain or verify

If and once EPF starts selling the UOA will go south all way

Good question. My take. Matrix is smallish NS township developer with small paid up with very little float and tightly held with little trading activity. Once u get in u can hardly get out making profit. That is probably why its still trading above its IPO price of RM 2.20 whilst NTA is only RM 1.73. In trying to compete with other niche developers in order to bolster its revenue n profits through niche urban projects esp in KL, Matrix has just made its first mistake and foray into KL by purchasing the Jalan Ipoh Kechil land at RM 950 psf. This land was on the market for ages and no developer with experience and knowledge in KL would want to touch it even with a totem pole

UOA was listed at RM 2.68 and went down to as low as RM 1.40 after a couple of months and has never reverted back to its listing price. Now its still trading at RM 2.09 despite massive buy backs. Just imagine your loss and holding costs

Or Tropicana or L&G

Take my word. Its not worth RM 1.50. It simply does not have such value. At this price I might as well buy Glomac

Sorry, UEMS peak was 3.66 couple of months ago

Mahsing at 2.09 from the peak of 2.50 only in Oct and UEMS at 2.27 from peak of RM 3.00 in Aug/sept. Facts speak for themselves

Mesti correct as predicted. As investors one has to think of opportunity costs. Developers do that all the time as well. Holding on is not a smart rational strategy

It is getting close to RM 2 as predicted

It is getting close to prediction is it not?

Another blow for property comapnies is the recent introduction of a LEVY of 2% by Johor State Govt on properties purchased by foreigners. Penang is currently mulling a LEVY of 3%. They are merely following measures adopted by other countries to curb speculation. If the interest rate is to go up by say 1 or 2% due to tapering, many speculators and flippers and property companies will go belly up and bankrupt

I already said in another blog price is too steep and pricey. cheaper to buy after listing just like UOA

This is preposterous. 1. How can the Planning authorities approved 4 blocks of 45-47 storeys serviced apartments for this land, a third layer lot from Jln Ampang, which is situated just next to Sekolah menengah. They shared a common boundary. 2. The infra in this area just cannot accommodate the high traffic generated from this developement. 3. the price paid for this leasehold land with an unexpired term of probably 80plus years ie at RM 480 psf is exorbitant. If I m not wrong this land was previously owned by a very prominent foreign royalty who subsequently sold to a company probably owned by Mayland at about RM 300 psf which it now flips to L&G n Mayland through XMSB for a tidy profit

Another disincentive for buying property and property companies esp in KL is the increase in assessment. From 1st Jan 2014 assessments for all properties have been increased DBKL by more than 100%. In my case my house assessments have been increased from RM 300 to RM 720. For speculators/investors who are unable to let their units, this will be an additional financial burden. So pls think twice before buying. caveat emptor

Yup, very likely to hit 2.00 n below. i said that on 9 Nov

Paloma at RM 900 - 1000 psf? Sayonara

Except for a few in KV, many shopping centres will be suffering in terms of occupancy, rentals and yield as the retail space in KV is highly overbuilt and over supply.

Despite downward trend in KLCI, sumatec is still flying

3rd Q would not be reflective. developers always have unbilled sales to carry for 1 or 2 Qs. Wait for 4th Q 2013 n 1st Q 2014 results

Not to worry. Property bubble is just about to burst and these companies with cashflow problems and poor sales will be hardest hit. their projects will end up abandoned

Will likely to get burned after listing if subscribe. 1.50 too steep n pricey

Sampai tua whilst sumatec already up more than 50% since budget

Pai keok mai how to run

Capital Malls of singapore pulled out of deal just in time before Budget. If Singapore companies like CapitalMalls reject, no malaysian companies will buy unless its a song like 50% discount

So far Sumatec punters put money take money

Trop gearing is still very high. That is why Trop needs to sell Tropicana mall n office to lower gearing. Unfortunately Trop is caught with the downturn and oversupply of office space and Budget 2014 measures dampening sales of Metropark and its many projects in Danga Bay. Funds are staying away

I commented to sell all property counters and put money on sumatec on or before 9 Nov under UEMS, wasting opportunity costs. Sumatec was then trading at abt .40 cts. Of course I went in earlier at abt 0.30 early Nov. Today/now its trading at 0.48 cts. Some think it will go to 0.60?

I told you to buy sumatec on 9 Nov which was trading at abt 0.40 cts then. Now its .48. Sumatec is flying

Congrats and good luck

Yes I would not advise you to put any bet/money on Titi