Bad company YOY loss widen by 88 % . Sure drop some more. See you at 5 sen. Investors still holding , bye bye bye. Run , run , sell , sell... if not you sure will die one.

Later when ESOS sold, you all going to die ..... price sure drop down like waterfall. Run run run run .. save your pocket , save your self.

Once the directors and employees sell their ESOS, share value will drop more ...... very liquid downward. Who dont want to sell if ESOS price way much cheaper than market price.... Sell now or else you will lose big time .... liaow

Sell sell run run before you make bigger losses. This is a con-man company. Try to con Najib but failed .

Run for your life. Your money , your decision. Once you lost it , you cant buy share anymore.

Sell, sell, sell.

Newinvestor17 Huat Ah a loss making company but condemn promotion of a profit making company.

NewInvestor17 Huat Ah IWc at RM 2.13 on May 15th 2017.

Posted by newinvestor17 > May 15, 2017 09:43 PM | Report Abuse

So what i said earlier today ws right, there's a high chance for IWCity to get a share of it. It wouldn't be as big as what it wanted earlier. BUT IT STILL GETS SOMETHING. Tomorrow should GAP UP and close way above today's 2.13. Huat ah!

.....................................................................................................

But now , the news is out :

Posted by ran777rpt > May 31, 2017 10:03 PM | Report Abuse

Waterfront City Bhd (IWCity) saw its net loss widen to RM56.46 million in its first quarter ended March 31, 2017 (1QFY17), from RM4.8 million a year earlier, mainly due to a one-off expense arising from granting the Employees Share Option Scheme (ESOS) in March this year, totalling RM54.73 million.

Loss per share worsened year-on-year to 7 sen, from 0.7 sen in 1QFY16.

In a filing with Bursa Malaysia today, IWCity said quarterly revenue however, grew 70.5% to RM13.65 million, from RM8 million in 1QFY16.

In 1QFY17, IWCity’s property development division posted a revenue of RM11 million, an increase of 314% of RM8.3 million, from RM2.65 million in 1QFY16.

“Accordingly, the property sector also registered a higher profit of RM4 million in 1QFY17, compared with RM817,000 in 1QFY16,” the group said.

“The significant variance was due to the higher percentage of completion of sales achieved in the quarter under review,” it said.

As for the construction sector, revenue declined by RM2.5 million, from RM5.3 million in 1QFY16 to RM2.8 million in 1QFY17.

However, since the project had a better profit margin, the division saw an improved profit of RM264,000, IWCity said.

On outlook, with the recent acceptance of the proposed merger exercise of Iskandar Waterfront Holdings Sdn Bhd (IWH), IWCity said it expects the landbank of the merged entity to boast to approximately 6,600 acres.

The landbank, it said, comprises mainly prime waterfront land in Johor and is meant for long-term projects spanning 25 to 30 years.

“With one of the most attractive tracts of waterfront properties in the country, IWCity’s prospects remain bright and will generate significant capital appreciation and value creation,” said the group.

Furthermore, the group said it will continue its effort in growing the existing business, especially on the development segment, by attracting more foreign and local investors’ confidence to its business development, despite the property market's and economy's tough and weak outlook this year.

“We recently completed the purchase of a freehold property measuring 67.5 acres near Taman Sutera, an established housing and commercial estate, and we are targeting to launch the first phase comprising gated and guarded landed properties for which we expect an overwhelming response,” it said.

IWCity settled unchanged at RM1.67 today, valuing the group at RM1.4 billion.

Sell Sell Sell , run run run ... net loss widen . Dangerous ...going to drop some more , going to drop some more.

bashing in Ablegroup later because that company is making losses. The price of Able should be around 3 sen at most hahahaha hihihi hohohohoho

Hahahahaha .. we are here to share info that helps us to make money. That fellow is here to bash me ....

Frankly , just stay kewl , no point arguing with NewInvestor and fughting IB , after he gets what he wants in 6th June , he may keep quiet. I will go bashing

PTB P/E ration is above 60 ? If i buy that stock, they will sell all to me . I still have around RM 500k to invest.

AAX is much more fundamentally stronger than Able and MUI and IWC.

If AAX price goes below 40 sen, then Ablegroup which is a worst company should be around 5 sen and MUI should be around 3 sen.

NewInvestor17: using words like KNNCB shows your mother does not teach you well, poor the mother see her son in hell. You have bad social skill and you intend only for AAX price not to goes above 40 sen because of expiring date 6th june carry 40 sen exercise price on it ?

long term shareholder does not lose. Beware kontra kaki and margin kaki. You will lose. All of us here long term shareholder knows the risk we are taking by investing in AAX.

newinvestor17 : You are against all the shareholder of AAX. Dont make yourself goes deeper into shit.

Airasia is trying to recover its price . Since AAX is correlated with AirAsia, AAX price should moves up as well. Immediate term TP 0.43.

Newinvestor17 : Do you realise that many people who are holding AAX shares hate you when you trying to catch a fight with me ? Do you want to be public enemy number one ?

He is a MacQ agent. I nearly made MacQ lost big sum of money. That is why he is mad at me and he is trying to control this forum.

Reverse psychology saja boleh hajar budak ni ...

newinvestor17 : Come on ... condemn AAX more , condemn AAX more

i know you make losses in Ablegroup after i knock that counter down. Nak balas dendam lah ni ya... hahahahaha. Knock AAX down some more lah newinvestor17 , apa aku kisah, boleh beli lagi murah ...

If you know more , i will buy at cheaper price .

NewInvestor17 : You want the price to drop below 40 sen ? You are really MacQ agent.

We look at it , if the counter is getting fundamentally better, should i keep it to my self and buy all the shares at cheap price, or should i share the news with others ?

It still does not fall like you wish. So, I will add up more AAX in the future.

To me , AAX is a counter with good fundamental. I will monitor the situation and give you more analysis in the future. It is getting better.

you were promoting Ablegroup at 22 cents with TP 25 cents. Now, it is 15 cents.

if good promotion is made in AAX by pulling other investors from other company forum, newinvestor17 will create ideas to promote other counter in this AAX forum such as Ablegroup and IWC, and coming others so that people will sell AAX and buy other counters.

newinvestor17 is MacQ agent. He does not want to hear anything good about AAX so that AAX price remain low for MacQ

newinvestor17 : You are just like Calvin Tan Eng. How is your IWCity making around . A politically correct counter .. pui pui pui KNN CB

Current jet fuel price is around USD 62 per barrel.

Can you show me what you mean by disaster decision ?

My take on Q2. cost wise , relatively better compared to Q1. Revenue wise stagnant. Profit wise higher than Q1. Need MYR to appreaciate more. Oil price looks stagnant around USD 49. May continue to downtrend after production cut stops. More people getting electricity from solar in India and China, electric car and hybrid car gaining popularity, shale gas production cost reduces as technology improves.

There is one more Call-Warrant expiring on 6th of June. Becareful.

bjgdilla123, keep long term. Mmg untung.

Aberage fare per passenger decreased compared to 2016

refer to financial report AA - USD 57 per varrek March 2016 and USD 66 per barrel March 2017. Increased around 12 %

revenue does not sufficiently increased to cover cost or revenue is shifted to AA ?

AAX and AA is quite fluid. The vast network connected with each other means revenue and cost can easily be interchanged between both companies.

Doer, that is my assumption. Either they manipulate the revenue/cost or they did not increase ticket price substantially to accommodate cost increase. Frankly, to develop a system that adjust ticket price according to cost should not be difficult for a big company like AAX.

Revenue increase by 20% but fuel expenses increased by 55%. Increased of revenue does not tally with increase in cost.

I think some of AAX revenue is given to AA , but AAX paid the cost of that revenue.

For time being, if u r afraid to miss the opportunity, just average down.

Avangelice : Dont you realise that NewInvestor17 just hates me when I give good updates on AAX. Why ? LOL.

skng74: just to uncover the truth about NewInvestor17 everytime he attacked me. I know he made many people encounter losses in IWC.

NewInvestor17 says it is better to overestimate cost but underestimate revenue. What about promoting a loss making counter like Ablegroup or IWC, hypocrite NewInvestor17 ?

NewInvestor17 is MacQ agent . He is very afraid is some positive things is talked about AAX because currently one of the call warrant is still in the money. Once MacQ interest is vanished , then he will dissappear unless he jumps to Maybank IB or RHB IB.

I believe TF siphoned some AAX profit into AirAsia to entice investor purchase AAC. That is another culprit of it. Dont you see how much big is AA profit. This tendency would be over after AAC sales.

NewInvestor17. Let just see what happen to AAX by the end of the year :) . If the tunnel is not long, then you see it. I am monitoring the situation now.

Anyway, a non hypocrite is better than a hypocrite who said be conservative but still "huat ah" IWC at 2.40. You talked cock when "it is about Radzi" , have you not forgotten what you have done in IWC and Ablegroup ? All the mama, papa, auntie, uncle, brother, sister and etc are all still cursing you . No caveat. My caveat - Kama/Focus Malaysia cooked things out such too much and then TF denied it later. Either TF should not deny or Kama/FocusMalaysia should not cook things out too much, investor will not lose trust. Aiyah.

I am sad too because what happened to AAX. I could see the light at the end of the tunnel for AAX. I was just a bit too overjoyed and the tunnel is quite long, it will take some time to reach the light. Once it reaches, you get it alright. I see no reason my AAX to reach 0.60 - 1.00 by end of this year as long , the result shows it. I need to take new data for analysis to verify my assumption - at least from Q1 level , we got some idea on oil price hedge by AAX, i will take some time to analyse this.

For Malton, I did not study the counter. P/E 19 , a bit pricey unless they could come out with bigger profit, that P/E would drop. I envisaged AAX could get bigger profit, but let this MacQ problem settles first. If we can ask everyone not to buy Call Warrant, MacQ, RHB IB and Maybank IB would be pressed to buy the shares to get interest from people to buy their C. But that would occur if we everyone just buy mother or WA.