Do you think I need to make money from stock market to live?
Simply too naive people like musang and 'probability'.

Market crash or not will not affect me in any circumstances, not like you all still have to struggle.

As what I have mentioned, not just the Musang is an idiot, so called Mr Probability is also a big idiot.
Can't you just mind your own business?
Write what you think is right!

You know the meaning of opportunity cost?
If you buy A, you will have to forgo buying B.

Buying share is just to weigh balance of probability, say probability of making 30% ( within certain time frame), that is the expected gain.

Calculate to buy A or to buy B with expected gain, which one stand better chance.

My postings do not direct to any particular person.
I am addressing to general public in the forum.
Don't be an idiot trying to find fault with me.
Just remember, if you wish to post any comment, address it in general.

I am not your father.
You post what you think is right.
I post what is in my mind.

You take care of your business.
I take care of mine.

Do you understand, Musangking?

Forum here today is as hot as Forum in Heng Yuan exactly 2 years ago, i.e. 31 Dec 2017.

That was the time Heng Yuan almost hitting record high.

Jaks today is almost at local maxima, not much different from HYR exactly 2 years ago.

Wish all the promoters of Jaks good luck.

This musang again suggest you should buy Jaks even up to 3.00
Is he promoting Jaks in good faith?
What is good faith?
I doubt musang would know.
Go lah check up the meaning in Evidence Act.........

Posted by ks55 > Dec 31, 2017 9:29 PM | Report Abuse X

Why am I here?

I hate to see idiots promoting Hengyuan day and night non-stop.

Already gone overboard.

Just syiok-syiok sendiri.

Always think of the positive side.

Never want to pay attention to the negative aspects.

Try to lure ignorant newbies without giving due caution to the potential risk.

Promoters are not promoting a decent stock with decent price with good faith.........ALL IN ALL, THEY ARE HERE TO CON YOU..................

_____________________________________________________

The above posting was on 31 Dec 2017, when promoters like musang, KYY, and many more promoting Heng Yuan day and night non stop.

What lah crack spread, what lah profit 10 ringgit per share, what lah TP 50 ringgit, and all those sifu already took flight and left behind newbies licking their wounds, including highly educated personality like sslee.

Don't blame others if you think Jaks is good buy at 1.28
Think how much is Jaks upward potential
Think if there is another KYY to buy up 32% of Jaks share, and what is the potential of Jaks hit 1.80 again, and what is the profit in terms of percentage.
Not to forget the risk of losing your capital.

I am not here to discourage you to buy Jaks, but to remind you there are so many alternatives, if you are holding the principle for Rule 1, not losing money. AND Rule 2 to follow Rule 1.

Jaks today is just like HYR in Dec 2017, where all promoters were promoting HRY non stop.

Go to HRY and scroll down to see who were the clowns there.
Surely musang is one of them............

I do not suggest anyone to buy Star.
I just say if you still want to buy Jaks at present price, it will be a better alternative to buy Star for hope of special dividend paid by Andy Ang with Goodwill.

Star is in sunset industry, everybody knows that.
How come this musang doesn't know?
Surelah, he is musang, he is not human, he is just an Animal...........

Musangking still kicking kah?
I thought you already dead in HYR years ago together with KYY?

If you want to buy Jaks, might as well you buy Star for every Star share will get you 10 sen from Jaks.

You may expect special dividend paid by goodwill from Andy Ang..........

Everybody must follow KYY.
He exits Jaks year ago.
He knows power business inside out.
First he bought into Mudajaya because of Inida power project.
He lost a fortune there.
Then he bought into Jaks because of power also.
Again he lost another fortune.

Believe he must have swear no more power play.
Enough is enough regardless what other promoters have to say.

Do you think you are smarter than the superinvestor like KYY?
Do you think KYY can smell anything when you are able to smell?
Jaks would go back to 1.80 without driver like KYY.
Who else can buy up to 32% of Jaks if not KYY?
Even with 32% stake, he was not able to drive Jaks higher.

Now Evolve mall is dead.
Now Jaks pays 50m plus interest.
Now Jaks is facing LAD from residential unit buyers with VP not in sight (could be abandon?)
Now profit from Vietnam power project is nothing but only on paper.

Now you tell me is it worth the risk to put your money in Jaks.
Not to forget Andy Ang and other Directors got tens of million of FREE Jaks shares on top of their million dollar Directors' fees every year.

https://www.theedgemarkets.com/article/parkson-shut-mytown-store

Parkson is closing down its stall in Mytown.

Do you think Evolve mall can survive?

Just google Evolve Mall Lowyat Forum to find out answer yourself...........

Jaks has to pay 50m plus interest up to the day it pays up.
Simply abuse Malaysian legal system, and to incur unnecessary interest.

Next is to see how much LAD claimed by its residential unit buyers.
Don't be like Magna Prima paying 50k per unit, instead of 100k.
You should know Magna Prima's reputation already down the drain as far as property development is concerned.
Likewise, no more Jaks peroperty can sell now.
Evolve Mall has less than 20% occupancy ?
Find out yourself..............how good is Jaks, if not because of hype on Vietnam power project.
Again, you must be reminded when KYY first promote Mudajaya, based on power project in India.

What is the moral story?
DON'T COUNT CHICKEN BEFORE THEY HATCHED.

Posted by ks55 > Sep 19, 2016 9:28 PM | Report Abuse X

In case you do not know, TTB bought 9m Parkson shares from 01.06.2008 to 31.05.2009. What was the average price paid? Carrying cost 44.1 million. Check for your self.

As at 31 May 2009, your Fund invested RM156.441 million in Parkson, Petronas Dagangan, Fraser & Neave, Padini, Kuala Lumpur Kepong, PIE and Astro.

http://www.bursamalaysia.com/market/listed-companies/company-announcem...

http://trade.affinhwang.com/gcAF/html5/TTchart.jsp?exchg=KL&Code=5...=R

Posted by ks55 > Sep 19, 2016 6:02 PM | Report Abuse X

Just focus on Parkson in AGM.
Ask TTB how much icap paid for the Parkson.
Ask how much dividend (inclusive of dividend in specie) so far received.
Ask how much was written off.
Ask how much the carrying cost per share.
Ask if he intend to further write down, and by how much.
Ask when is he going to sell Parkson share.

Parkson is doomed.
Doomed because of yesteryears business model.
Doomed because WC abusing and misusing Ah Kong's money for his own benefit.
Doomed because Parkson may face force selling any time when WC can't service interest on pledged securities, and his personal loan.

Hard to believe still got people interested in a conman as Fund Manager.
Check the performance over the years.
Check dividend payout.
Compare with what the conman get for his so-called 'professional fees' on Fund Management and Investment Advisory over the years.

Really a big joke to appoint such a conman to manage your money.
Vote with your legs.
Say bye-bye to TTB.

Stock: [ECOWLD]: ECO WORLD DEVELOPMENT GROUP BHD

Oct 25, 2019 12:23 PM | Report Abuse

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld.Why go for lemon when you can find orange for the same price?

Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time.
That was the price LKS paid for his controlling stake!

Why for other developer of high-rise apartment, land cost is normally 15%, whereas Ecoworld is at 18%?
Why others pockets all profit whereas Ecoworld has to give away 20%?
It is not a JV, it is a hand-out for lip-service provided by PDT.

Do not reply to my posting.
It is for my own consumption only.

So, in order to factor in land cost as 18% of selling price, Ecoworld can only put up more PR1MA homes for sale.

Blog: Govt proposes panel to monitor cost components of houses

Oct 11, 2018 10:34 PM | Report Abuse

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (for every 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k (mostly contributed by profit from land cost).

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

Is Ecoworld new land purchase bring any advantage?
Salient poits:

1. Ecoworld buying 200 acres of unconverted agriculture land from Botak Lim and associates for RM 305 million.

2. Ecoworld pays RM 20 million to PDT for lip services.

3. Ecoworld has to pay land premium to convert agriculture land into development land. How much is land premium payable? Could be 10 to 20 ringgit per square ft.

4. Total Land cost including nomination fee excluding land premium is RM 325 million. Work out 1.625 million per acre, or RM 37.3 per square ft.

5. If land conversion premium is RM 10, land cost is 47 ringgit per sf.
(If land conversion premium is RM 20, land cost is 57 ringgit per sf).

6. If land use conversion factor is at 0.5, total land cost is 94 ringgit per sq ft (or RM 104 psf if land premium is rm 20 psf)

7. For every RM 1 million profit after tax from development of this land, first RM 200k will go to PDT 干劳 without it need to take any risk or foot out any capital. Ecoworld will only take RM 800k with all the donkey work plus all finances to build and sell for next 10 to 15 years.

8. Payment for RM 305 million is payable over 7 years, which is very similar to DIBS introduced 5 years ago that kill all flippers. Ecoworld will be at similar situation when LKS starting to pay installment after 2nd year, plus interest. It is immaterial how long Ecoworld going to develop the whole project.


So, do you still think Ecoworld has a good deal?

UEMS can just sell land in Iskandar to any company and make hefty profit, including the land sold to Botak Lim which subsequently selling to Ecoworld.

Can Ecoworld sell any land any where in this world and still making money from the land disposal?
Never dream lah!
Ecoworld is buying land at prevailing market value, selling means it will lose money on all incidences plus GST and stamp duty.

So, if Ecoworld really can't sell its property, selling any of its land bank will incur hell of losses.
There is no avenue to mitigate its cash flow other than borrow more and more money by what ever means.
Better be careful.
Don't let fake sifu mislead and bring you to holland.

Ecoworld is lemon.
KSL is orange.

Only when Ecoworld is at 45 sen, it may become orange.
If KSL can go down to 45 sen, it may have become musang king..........

Ecoworld's 红豆军 mah.
How come you don't know he get pay from LKS?

Regardless what you want to say, I am going to repost everyday.
If you have any grey matter, you will think of something constructive to its share price.
You can tell the whole Ecoworld is going to make 5oo million next year, 1000 million in 2021, 1.5 billion in 2022 and so forth.

It is definitely better than trying to degrade others in order to prop up your superiority complex........I don't mind you write in Tamil if you are having language deficiency!

From 4.30 all the way to 62.5 sen, and with father buying from son at 45 sen, what do you expect?

90% rule means the share price must be 90% off the peak, i.e. at 43 sen.
LKS is absolutely right to buy at 45 sen and not more !

No creativity!
No innovation!
Only know how to react to my comments without any new idea!

Tell us if at all Ecoworld is good at 1.50.
When is your 1.50 coming?

Give target date.
Dare not give any finite suggestion 是狗熊!

何来英雄 ?
是狗熊 !

Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time.
That was the price LKS paid for his controlling stake!

Why for other developer of high-rise apartment, land cost is normally 15%, whereas Ecoworld is at 18%?
Why others pockets all profit whereas Ecoworld has to give away 20%?
It is not a JV, it is a hand-out for lip-service provided by PDT.

Do not reply to my posting.
It is for my own consumption only.

So, in order to factor in land cost as 18% of selling price, Ecoworld can only put up more PR1MA homes for sale.

By the way, there are already too many impersonators.
They are all cheapskates trying to attract attention.

To name a few:
ks55_
ks5S
KS55
ksSS
etc etc.......

Ah Gu is nobody lah.
If want to promote property counter, please do it in good faith!
You know the meaning of Good Faith?
Nothing is said to be done in good faith if it is not done with due care and attention, good intention itself is not sufficient.

Write something like below, if you think Ecoworld is a good buy at 76.5 sen.

From land cost perspective, Crescendo and Plenitude have lowest development land cost. So these two property developers will never lose money no matter how bad property market is. Moreover, Plenitude is so cash rich that interest hike actually put them in better position:-
1. They can earn more from bank placement
2. They can buy more land at more competitive pricing as others have to struggle to find source of funding.
3. Many developers especially fly-by-night will be forced out of market, thus limit houses supply in next 3 years.
4. They can hold longer to their inventory and need not go for fire sales.
5. Since their land price is cheap, no matter at what price they are selling, will still make profit, whereas many already folded up.

Buy property stock?
Buy into those company with low land cost.
BUY PLENITUDE and CRESCENDO..........when you feel comfortable......

Do you think I will run away from small fry like Ah Gu?
When was my last posting prior to price movement?

If Ah Gu such a small fry can turn me away, what about KYY?
How Ah Gu going to compare with KYY?

Look at my comments when HengYuen was at its heyday.
It was the time KYY promoted fiercest with one article every week on Hengyuen, with all his machai echoing non stop.

===================================================

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 7:46 PM | Report Abuse

When did Hengyuan pay dividend for the last time? 2013?
When do you expect Hengyuan to pay dividend again? 2023?

Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend.

Sama-sama lah, all are red chips.

Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend.

Later on fire will break out in their factories/ refinery.

Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen.........


===============================================

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 9:29 PM | Report Abuse

Why I am here?

I hate to see idiots promoting Hengyuan day and night non-stop.

Already gone overboard.

Just syiok-syiok sendiri.

Always think of the positive side.

Never want to pay attention to the negative aspects.

Try to lure ignorant newbies without giving due caution to the potential risk.

Promoters are not promoting a decent stock with decent price with good faith.........ALL IN ALL, THEY ARE HERE TO CON YOU..................

Ah Gu telling you 0.765 is cheap cheap x2
Why? He has being promoting since last year when the price was at 80 sen mah.
Surely his average cost would be much more than than.
1.00 may be a better guess.
So die die he must tell people to keep long long.
Right or not Ah Gu?


===============================================

@yeochingu -- 0.765 is cheap

If you are standing at RM 1.5 and not sure got dividend or not...you are dangerous

the price is still at ground floor, not painful...
0.625 is the bottom before Good QR
0.765 is undervalued

0.625 is oversold
0.765 is cheap cheap x2 very safe...
Tp how much ? (you guys set)
wan run then run, stay for More than 200% profit
12/12/2019 9:04 PM

Ha..ha......
Ah Gu has been promoting Ecoworld since last year when the price was at 80 sen.

No wonder lah die-die also must defend the price.

If he can start promoting at 80 sen, meaning that he must have bought it much higher.
Stuck already lah.
My guess his average price at 1.00 ringgit should not be too far away.
Tak boleh tahan rugi, go and put money in FD lah........

Pui..
Pui.....
Pui........
Pui Ah Gu till he go to hell.

Pui Ah Gu till he lose all his money......
Pui Ah Gu till he become bankrupt..........
Pui Ah Gu till he commit suicide...................

Pui to this Ah Gu.
As he like to pui at anything and everything.

Pui...
Pui......
Pui.........
Pui Ah Gu..........

Ah Gu has been telling you his TP for Ecoworld is 1.50
Do you trust him?

I can also ask him when can Eco World reach 1.50?

He must be blind when people give this stock as under-perform, or merely hold with TP lower than prevailing market price .....

He must be cursing why so many people do not concur with him.

Why is he not PUI on EPF Fund Managers?
He doesn't know EPF Fund Managers have being selling like tomorrow won't exist?

By the way, if you think Ah Gu will help you make money, just following him.
He is not going to tell you how Eco World will perform before hand.
He will tell you only after the price move in his favour.
So call sifu of Cannon Behind Horse mah............

This idiot Ah Gu only know how to attack on personal basis, and only after any price movement.
Does he have guts to tell you how would the share price be moving on Monday?
NO! He has no balls!

When was my last comment on Eco World?
What was the price then?
Even when the price move downwards to 62.5 sen on 4th Dec, I don't even bother to look at Ecoworld forum.
Why? Just read my comment below. And that was my last comment prior to recent rum up.

What PUI this idiot want to prove?
Is he going to tell you he like to spit any where he like?
I believe so.



Stock: [ECOWLD]: ECO WORLD DEVELOPMENT GROUP BHD

Dec 3, 2019 9:08 AM | Report Abuse

Even if there is merger between ECW and UEMS, ECW is valued at 50% of UEMS after deducting borrowings.

So called fair value of ECW is at 1.09, if at 0.2 P/FV, ECW is at 22 sen (many property counters follow 0.2 P/FV).

If at 0.4 P/FV, ECW is at 44 sen (already best figure for property counter right now).

So LKS was right to offer 45 sen to gain control of the company.
Why pay more when he has being in property sector for so long.

If offers is in cash, I have no doubt he will run for cash with 4 legs........

https://www.thestar.com.my/business/business-news/2019/11/30/the-makin...

Still want to talk cock non stop?
Check its profit margin, already shrank from 10% to only 7%.

Put up your points as how your darling stock will perform on Monday.
Don't try to boast only after you see its movement. Cannon behind horse.

From 65 sen to 74 sen, how much do you think you are making?
What is your cost?
Average 1 ringgit?
Others already made money when they sell, only die hard like Ah Gu still act like 蛮牛

One day show is just one day show.
Those trapped yesterday will be the driver to make Ecoworld down the ravine on Monday.

If still think Ecoworld a good buy, put all your money into it.
It will be interesting to see who were the sellers if they are Directors.
Was Chang selling?
Was LKS selling?
It would be the indicator whether Directors themselves have any confidence in their own company.

As far as I am concern, Fund Managers all shy away from this counter as per high gearing,high land cost and low profit margin. EPF surely is one going to sell non stop.

Where got money to be stuck here.
Where ever he goes, he got stuck then spam to capture whole thread.
He need attention of others....

He has nothing to do and come here to spam no day bo night lah.
Try to learn Inkelan Powder for free mah.....

UK PM has committed robbery.
He should be charged and removed as PM........for criminal offence

Posted by ks55 > Apr 28, 2017 09:33 AM | Report Abuse

PRA gone down from S$1.76 to 10 cent.
If it is good, it won't drift downwards non-stop since listing in SES.

How dare you compare Parkson with other retailers in Malaysia?
Who is the owner of Parkson Stalls in Malaysia?

Don't be misled by stupid idiots that Parkson is cash rich (probably now is 'cos recent disposal of asset in Beijing, but the money is held by PRGL not PHB).
Don't be misled by idiots PHB net asset is 2.70, just find out how much is its goodwill, and how this goodwill arises.

I wish to reiterate Parkson is good buy only at 50 sen and below..........


========================================================

Now PRA is at 0.8 cent, really 一文不值
Parkson at 22 sen, believe is grossly overpriced

Parkson Malaysia is closing down all its stalls when PRA declared insolvent.........

When Public Anal-list ask you to buy, you must run fast-fast.
This anal-list is out to con people when shim has nothing to do.
Shim has built 'reputation' again and again, making 'kills' from Lonbis, to Parkson, to LCTI, to SP setia and many many more.

According to Parkson in its August disclosure, MMSB's solicitors had given an undertaking to the court that it would not file any winding up petition against PCSB until after a decision had been made on the injunction application. But after the injunction was filed, PCSB had received a legal letter from MMSB alleging wrongful termination of its lease and claiming about RM77.9 million for reinstatement charges, rental charges for the lease period, double rental and ancillary charges.

M-Square sues Parkson for RM 77.9 million.
There may be winding up petition again Parkson Malaysia.
How come you don't know?

Ecoworld at best is 45 sen. Why?

1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.

2. Mountain size debt killing all.

3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)

4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.

5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.

6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.

7. Ecoworld International is another sick child. Medical fees will be unbearable.

8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?