is very obvious they are trying to goreng these mini counters, but i'm very sure whatever the same group of ppl touched, they will all fall back down in the end, like the others. Long term definitely a bad idea, only for speculators.
1. Oil & Gas theme play in Dayang triggered by Carimin price surge. Dayang up caused interest in Naim. The cash value in Dayang is already about 50% of Naim as Naim owns almost 30% of Dayang
2. Article here created awareness which many of us have overlooked including me. After Dayang surged I went in to study Naim's last quarter report more closely. And it was an interesting surprise. All solid
How far price will go depends on
1. Naim and Dayang own strong fundamental from here
2. Mass psychology will also come into play. If Carimin still surge up followed by Dayang and other O&G related companies Mr Market might go crazy and chase stocks into short term overvaluation
I like reason no. 1 and I am very cautious on reason no. 2 which might hurt those punters who join in at the later stage
Posted by uptrending > Feb 10, 2019 10:46 AM | Report Abuse
Dayang is an associate company, not a subsidiary, of Naim. Its Financial Statement or the Balance Sheet is not consolidated with that of Naim.
calvintaneng 23969 posts Posted by calvintaneng > Feb 10, 2019 11:21 AM | Report Abuse X
These are irrelevant issues
Don't need to be sidetracked
Look at these latest report
1) DIRECTORS HAVE ALL TAKEN UP THEIR ALLOTTED RI
DATUK ABDUL HAMED BIN SEPAWI 25-Jan-2019 Acquired 64,225,550 0.450 View Detail DATUK ABDUL HAMED BIN SEPAWI 25-Jan-2019 Acquired 22,816,827 0.450 View Detail DATUK ABDUL HAMED BIN SEPAWI 25-Jan-2019 Acquired 1,314,183 0.450 View Detail DATUK HASMI BIN HASNAN 25-Jan-2019 Acquired 71,754,217 0.450 View Detail DATUK HASMI BIN HASNAN 25-Jan-2019 Acquired 39,061,918 0.450 View Detail DATUK HASMI BIN HASNAN 25-Jan-2019 Acquired 22,667,200 0.450 View Detail DATUK HASMI BIN HASNAN 25-Jan-2019 Acquired 382,327 0.450 View Detail WONG PING ENG 25-Jan-2019 Acquired 7,500 0.450
So those who failed to exercise their Rights have missed the golden opportunity
2) Prospects The property investment and trading operations will continue to contribute positively to the Group results. In addition to retail property, we will be embarking on other types of commercial properties, for example hotel in Bintulu Paragon, for recurring income. We will continue to improve the quarry operations and achieve economies of scale to manage fixed overheads costs.
1,000 units of affordable houses at Rm300,000 each means Rm300 millions gross. Since land cost only Rm4.00 psf profit can be up to 50% or Rm150 millions
So the RI raising Cash was for 3 Property Developments. After affordable housing will be commercial properties. Especially if they build for incoming tourists from Brunei to Miri for shopping
This is what happened to Pelangi Bhd in downtown JB. The 3 storey shophouses priced at Rm3 millions in Jln Sri Pelangi were all snapped up. Other places in JB shop houses were priced at 50% less
Building Hotel in Bintulu Paragon another plus as this area going into huge FDI investment boom
And Naim's quarry will be busy supplying aggregate for the Pan Borneo Highway
For Dayang as its share price moves upward Naim will gain the most as it has the most shares
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Posted by calvintaneng > 2019-02-08 00:04 | Report Abuse
http://www.naim.com.my/press-releases/naims-property-mega-deals-coming-way/