Let's see how market will react tomorrow as news came out only after market closed.

Market generally down today due to steep fall in Turkish Lira...

http://www.theedgemarkets.com/article/malton-invites-pavilion-reit-participate-ownership-pavilion-bukit-jalil?type=malaysia

The Board of Directors of Malton wishes to inform that Pioneer Haven Sdn Bhd, a wholly-owned subsidiary of Malton, had on 8 August 2018 formally invited Pavilion Real Estate Investment Trust (“Pavilion REIT”) to participate in the ownership of an on-going development comprising one block of retail mall with five (5) levels of retail spaces and two (2) levels of basement parking to be provisionally known as Pavilion Bukit Jalil.



Pavilion REIT had on 13 August 2018 accepted the Offer and both parties shall enter into a non-disclosure agreement to commence due diligence, discussions on method of participation and negotiate relevant terms and conditions.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5882333

Great opportunities to collect at the bottom of the falls... Just need to identify those on fire sales

Why don't talk about stocks like Mi, Vitrox and the likes ? Can't spot any winner in Bursa?

Sslee
Noted with thanks.
You are right.

In the report I read in arriving at the RNAV of rm3 per share, no value was attached to the Pavillion BJC MALL as if it will be given to shareholders free. The RNAV per share now should be more mainly due to 139 million warrants was not converted.

Patience is what we need to win big.
Agree with you, txfx.

Dear Sslee

Dividend is usually announced in the 1Q results in Nov..

Apart from the Pavillion BJC Mall with a net lettable area of 1.8 million sq ft and which is due for completion and opening for business in 2020, the company has a good track records of consistent earnings in the past 5-6 years with EPS of at least 8 cents. EPS is growing to 13.59 sen last FY17. This year till 3QFY18, EPS is already 10.6 cents, TTM EPS FY18 is 19 CENTS (4QFY17 was strong, this 4Q could be as good).

NTA rm1.73, RNAV per share ESTIMATED @rm3.
Consistent dividend 2.5-3.0 sen for the past 6 years.

No reason for me to sell though first bought @50 cents


Disclaimer :This is just sharing of my homework. Not a buy/sell recommendation. If you do, you are doing it at your own risks.

Yes! Should be higher as in the last 5-6 years, from 2013 to 2017, EPS were in the range of 8.1 to 13.6 SEN, this year trailing twelve months EPS, 19 sen. It is a steady profitable company.

The 5 years Financial Statements from FY13-FY17 are as below. (Source : Malton AR FY17)

Year Ended 30 June 2017 2016 2015 2014 2013
Revenue (RM’000) 830,739 632,216 503,444 500,300 359,179
Profit Before Taxation (RM’000) 114,665 71,201 75,700 79,853 50,153
Profit After Taxation (RM’000) 63,181 36,315 45,847 52,043 35,387
Total Comprehensive Income Attributable
to Owners of the Company (RM’000)
63,286 37,272 45,906 51,884 35,567
Share Capital (RM’000) 528,176 448,416 448,416 422,550 418,104
Equity Attributable to Equity
Holders of the Company (RM’000)
870,142 738,497 714,677 659,326 612,424
Total Assets (RM’000) 2,596,316 2,101,400 1,575,576 1,298,096 1,006,757
Basic Earnings Per Share (Sen) 13.59 8.12 10.47 12.42 8.46
Net Assets Per Share (RM) 1.65 1.65 1.59 1.56 1.46

MALTON DIVIDEND Track Records since FY2011. Not bad. Can expect more... maybe..

MALTON Dividend History
FY............Ex Date..........Pay date........Type........ ...............Div (cent)
Jun17 29 Nov 2017 29 Dec 2017 First and Final 2.50
Jun16 29 Nov 2016 30 Dec 2016 First and Final 2.50
Jun15 29 Dec 2015 29 Jan 2016 First and Final 3.00
Jun14 29 Dec 2014 30 Jan 2015 First and Final 3.00
Jun13 27 Dec 2013 27 Jan 2014 First and Final 2.50
Jun12 26 Dec 2012 25 Jan 2013 First and Final 2.50
Jun11 28 Dec 2011 16 Jan 2012 Final 2.00

Can dumb dumb hold, as a longer term investment, to collect dividend and wait for the price to catch up with the FUNDAMENTALS and completion of the Pavillion BJC Mall?

:)

Volume building up for the last 3 days. Good Volume means a lot of buying interests for the stock. :)

Oh yes!
Today Volume 8,306,000 price unchanged.
Added some @655.
That big seller for today seems finished selling..
Possibly for portfolio reshuffling..
GL to him and everyone.
:)

VALUE Verses PRICE

Just can't comprehend the sellers, what are the rationales behind the selling.

Maybe, until txfx's ultimate question is answered..

https://klse.i3investor.com/blogs/txfs_blog/167298.jsp

:)

Some big hands are buying whereas some other also big hands are selling... let's see if the bull hand or the bear hand is bigger? Same hand or different hand, friendly hand or hostile hand? Hahaha!

Big Hands are squeezing small hands today..

A compressed spring. !!!???

Grand Duta 6 Star Hotel Suites already full house. So many checked in yesterday. Hihi

If it is so good, it should have shot up to 80sen.. Those who bought last Wednesday yesterday already checked in to the suites in Grand Duta Hotel.. Haha!

https://www.sc.com.my/legislation-guidelines/take-overs-code/

PART B: TAKE-OVER OFFER
RULE 4
Mandatory offer
4.01 Unless otherwise exempted by the SC, a mandatory offer shall apply to an acquirer
in the following situations:
(a) Where the acquirer has obtained control in a company; or
(b) Where the acquirer has triggered the creeping threshold
irrespective of how control has been effected or the creeping threshold has been
triggered, including by way of a scheme.

Controlling shareholders holding more than 33% but less than 50%, must not exceed the CREEPING THRESHOLD.

creeping threshold means an acquisition of more than two per
cent of the voting shares or voting rights of
a company in any period of six months by an
acquirer holding over 33 per cent but not
more than 50 per cent of the voting shares
or voting rights of the COMPANY.

The RCULS was CONVERTED to share on 1 to 1. There was the option to redeem for CASH for RM 1 per RCULS.

TSRDL
converted 29,054,176 RCULS to shares in 2017.
Bought 3,200, 000 shares in the open market in April 2018 at prices ranged 75-86
Bought 6, 800,000 shares in the open market in May 2018 at prices ranged 54.5-59.5
Total bought 10,000,000 shares in April and May 2018 at estimated average price of around 65..

As his share holdings was more than 35 % then,
could only buy not more than 2% every six month.

So there is value in the share..

Grand Duta Hotel

Checking in today to the Presidential Suites today T+3.. Hehe..

Childish

1. 8 million square feet of Pavillion BJC MALL, how much net income could it generate upon completion?

Below is the rental rate for the retail malls in the Klang Valley

RENTAL RATES OF SELECTED SHOPPING CENTRES IN KLANG VALLEY
Shopping centres in Klang Valley registered a slight decline in achieved rental rates in 2017. Many landlords offered rental
rebates and a longer rent-free period to existing and prospective tenants instead of reduction in rental rates.
The rental rates of selected shopping centres in Klang Valley are detailed out in the table below:
Table 5: Rental Rates of Selected Shopping Centres in Klang Valley, 2017
Name Rental Rate (RM per square feet per month)
Lower Ground Ground Floor First Floor Second Floor Third Floor Fourth Floor
Suria KLCC 25.00 – 150.00 50.00 – 150.00 36.00 – 90.00 35.00 – 86.00 30.00 – 90.00 30.00 – 56.00
Low Yat Plaza 10.00 – 20.00 19.00 – 45.00 22.00 – 32.00 11.00 – 31.00 15.00 – 28.00 11.00 – 20.00
Cheras Leisure
Mall
15.00 – 29.00 14.00 – 18.00 10.00 – 18.00 8.00 – 15.00 NA NA
M i d V a l l e y
Megamall
28.00 – 60.00 39.00 – 60.00 18.00 – 48.00 11.00 – 30.00 10.00 – 28.00 NA
S u n w a y
Pyramid
14.00 – 28.00 20.00 – 32.00 13.00 – 30.00 13.00 – 26.00 7.00 – 17.00 NA
The Mines NA 7.00 – 15.00 7.00 – 12.00 6.00 – 9.00 6.00 – 9.00 5.00 – 7.00
SACC Mall 7.00 – 18.00 4.00 – 18.00 5.00 – 20.00 2.00 – 6.00 4.00 – 8.00 NA
NA – not applicable
Source : Property Market Report, NAPIC / Henry Butcher Retail

Trade war fear

Now 65 sen
Annual dividend 2.5sen gives a yield of 3.85 %, comparable to FD rate.

Dutaland sold their 11,579.31 ha oil palm plantation in Sabah to Boustead Plantation for RM750 million.

Jtiasa has 70,000 ha of oil palm plantation in Sarawak. How much is this worth?

Reported by the Edge last month. Just to refresh.

http://www.theedgemarkets.com/article/canada-pension-plan-may-buy-stake-pavilion-bukit-jalil

Unlikely to go low...

Judging by the total volume transacted since 14th of May, big hands should have accumulated a lot.. the left over shares of the hard core not much already. Anticipate good results would be released end of the month.. The 49% Stake buy of the Mall by the Canadian Pension Fund could conclude anytime soon if it materialises.

Time is pressing and less sellers now at this price.

Just sharing. Trade at your own risks.

:)

Price is holding well and Volume done today is reduced to only 2 million shares.

Shares must have been transferred from weak and small hands to strong and big hands. Nice!

What do you think?

:)

Duta Yap.. 76 years old already...
No change kah?

Cash RM675 million already IN, share price also could not move to reflect, why leh?

So good yet price can hardly move! Why leh?

Only the Mall, if any, not the whole BJC...

Could just sell the Mall to PAVREIT.
PAVREIT has previously bought other Malls like Da Men in USJ..

The Daily Chart is tracing out a rounding bottom, waiting for breakout resistance @70.5 sen...

https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal

I would say that the chance of it going up tomorrow or the near future is very promising as there would be less selling pressure, less shares due on T+3 or T+4 for the next few days and judging from the strong demand of the share today @66.5 sen.

Technically, it is still on an uptrend. Daily and Weekly MACD is still positive. The price chart is tracing a "flag" formation since it reached the recent high of 70.5, the volume is reducing while the price is softening. After the short term consolidation, the upward move would be even much stronger.

Keep our fingers crossed. Hihi.

Disclaimer : This is not a buy or sell call. If you do you are taking your own risks.

Wow! So many great man here! Hohoho!

The downleg 14 - 5-18 to 6-7-18, 8 weeks, dropping from 72sen to 49sen, total vol done is about 207 million shares. The upleg since 9th July from 50 sen to 70.5/67 now, less than 4 weeks, total volume done is about 211 million shares..

It is very healthy.

Disclaimer : just for sharing. Buying or Selling at your own risks.

:)

drop 1 sen also kaobehkaobo.. hihihi

Today T+4 for the heavy volume 19.34 million which reached recent high of 70.5 sen
Now dropped 1 sen on small volume of 1.5689 million shares.

Since 14th of May after GE 14, TOTAL volume transacted in the market todate is 418.88million

If there is a main buyer who has been collecting the shares, the 63% free float of the total share issued of 528.55 million, that is 333.2 million shares, would be dried up soon....

Otherwise who has been collecting?

:)

MALTON BHD

Tan Sri Desmond Lim converted 29,054,176 RCSLS to common stock (shares) @RM1.00 and balance 10,565,153 was redeemed for cash @rm1. 00 as revealed in the Annual Report 2017.

" RCSLS in the Company
Indirect interest
Tan Sri Lim Siew Choon
Balance as at 1.7.2017....39,619,329* conversion.......................(29,054,176)
redeem.............................(10,565,153) -
Puan Sri Tan Kewi Yong
Balance as at 1.7.2017.....39,619,329* conversion........................(29,054,176) redeem..............................(10,565,153) "

Source : Malton Annual Report 2017

As of 31st March 2018, per share

NTA :rm1.73
RNAV estimated @rm3. 00, (the Mall upon completion may add more value) RNAV usually is discounted, say 40%-50%, will arrive @1.50-1.80
3QFY18 EPS as of 31st March 2018: 10.6sen
TTM 19sen
Dividend :2.5 sen (FY 16 and FY 17)

If this company is taken private, what should be the minimum offer price that the shareholders would think that it is fair?

Just for sharing.

Disclaimer : This is not a buy or sell call. If you do, you are doing it at your own risks.

:)

Funny TA

Chose the wrong horse...
This is not Warren Buffett Grade Stock

Maybe it is cheaper to accumulate in the market. LOL

I actually wonder why the owners do not make a GENERAL OFFER to take the company PRIVATE as it is sooo cheap and lucrative. But if the offer price is too low, minority shareholders may not want to accept the offer.. lol

Bought @50 sen.
Still holding. Let the profits RUN!
hihi..

sjy88

It is actually very impressive with the progress of the work on site.
The company is actually doing a very good job. Since more than 90% of all the 4 towers of Park Residence and the 2 towers of Park 2 have been sold, it is good for the company to expedite the work to completion as soon as possible. This will GENERATE very good cash flows and book in the unbilled sales, which is more than RM 1 Billion forward to finance the construction of the Mall, the jewel of the whole BJC project.

The management is actually very smart as we can see that the cash flow of the project is very good. The project and the construction of the Mall could be financed with the cash flow from the Signature Shops earlier and NOW, the Park Residence and the Park 2.

I think the project could be completed ahead of schedule.

Cheers!