Posted by Icon8888 > 2014-04-03 21:03 | Report Abuse

part 4 of GOB articles

http://klse.i3investor.com/blogs/icon8888/49550.jsp

Posted by Icon8888 > 2014-04-03 21:05 | Report Abuse

hopeman, dont forget their other projects. If you drive pass Summit USJ, you can see their Da:Men project, which has RM1.2 billion GDV and construction is in progress

and also Sri Kembangan

Posted by Icon8888 > 2014-04-03 21:23 | Report Abuse

james and hopeman your investment concept for GOB is similar to mine, as set out in the article attached.

I am happy to have kakis

Posted by james70 > 2014-04-03 21:39 | Report Abuse

likewise my friend.

Posted by TalkEastTalkWest > 2014-04-03 23:03 | Report Abuse

when is the ex-date for the right issue?

Posted by Hopeman > 2014-04-03 23:16 | Report Abuse

At least 3-6 Month

Posted by TalkEastTalkWest > 2014-04-03 23:19 | Report Abuse

Thanks,any one have good mutual fund in your portfolio?

Posted by ShortSell007 > 2014-04-04 00:06 | Report Abuse

I'm in too..this counter is way undervalued

Posted by Icon8888 > 2014-04-04 08:57 | Report Abuse

Short sell or long ?

Ha ha just pulling your legs

Posted by SaturnY > 2014-04-04 09:38 | Report Abuse

go GOBby...go GOBby

Posted by SaturnY > 2014-04-04 09:39 | Report Abuse

Value unlock has only one direction......no valuation needed

Posted by Icon8888 > 2014-04-04 09:44 | Report Abuse

no clap clap ?

Posted by 4u2c > 2014-04-04 09:45 | Report Abuse

trading 70+ to 80+ range for a long ,long time......if u follow the forum, peple buy at 70 plus and sell at 80 plus for min 10 pct profit. I did try and was successful....

Posted by Icon8888 > 2014-04-04 09:58 | Report Abuse

4u2c

: )

when in stock market, I usually aim for big, chunky profit

I choose to forgo small trading profit like this

the reason is because I am exposing myself to equity risk, whixh can be very high. For that kind of risk, I would target to reap 100%, 200%, 300% kind of return.

It is not really an academic concept. It is being practical. Because if I expose myself to high risk and yet reap small reward, one day the risk will catach up with me and wipe out my previous gains.

This is a big subject, usually will evolve into heated debates (I have experienced it too many times before).

I will stop here. Different people have different investment / trading philosophy. I wish you good performance in your trading activities and makes money

we all huat together

Posted by james70 > 2014-04-04 11:44 | Report Abuse

Today's traded volume at 11:40am of 9.5m shares has nearly surpassed yesterday's total volume of 9.8m shares. And the buy rate is almost 80% indicating an accumulation phase is currently ongoing. We can expect GOB to rise further.

Posted by james70 > 2014-04-04 11:55 | Report Abuse

This is from AmSecurities this morning:

- Meanwhile, we are bullish on the Penang real estate market. The newly completed Second Penang Bridge with its vastly improved accessibility to the island is fueling strong buying interests from developers looking to arbitrage land value in the Batu Kawan area on the mainland. The Bridge is driving an economic transformation with the associated job creation underpinning inward residential migration to the Batu Kawan area. Aspen Group, a private developer, has established a joint-venture with Ikano to construct an integrated retail mall anchored by IKEA while Paramount will be building a new KDU college.

- We expect Batu Kawan to be transformed into the Northern Region’s newest urban centre. Given its significantly lower base compared to residential prices on the island, sustained economic development and rapid urbanisation will narrow the price gap in the area, we believe. Another key appeal here is the availability of landed homes at significantly cheaper prices compared to houses on the island.

- Global Oriental is the largest developer in the Batu Kawan area. Its flagship project Bandar Cassia (350 acres) is strategically located about 1.5km from the Batu Kawan Interchange of the Second Penang Bridge. As of end Dec-2013, its book value stood at RM1.19/share. GOB recently proposed a rights issue of 227.3mil shares (1:1) together with 113.7mil free warrants (2:1).

GOB is attracting the right attention. I foresee a new research coverage on GOB by AmResearch soon.

Posted by warsurfer > 2014-04-04 12:01 | Report Abuse

James, what is your TP for GOB for short term?

Posted by Icon8888 > 2014-04-04 12:03 | Report Abuse

a successful investor must alway move one step ahead of everybody.

Stocks that are not covered by analysts are the best.

When they started coverage, it will swing waves and waves of new investors to take up position

we just sit tight and enjoy the ride

Posted by james70 > 2014-04-04 12:09 | Report Abuse

warsurfer, I do not have a short term price objective as I am in for the long run. If you have read my earlier write ups on GOB, I think it is easily worth RM3 or more base on the new valuation at the Batu Kawan land and the recently concluded Seri Kembangan land sold by Ekson.

Icon8888, yes let's enjoy the ride up. Everyone huat with GOB!!!

Posted by warsurfer > 2014-04-04 12:13 | Report Abuse

Hi James, thanks for your comments :)

Posted by ThambiPower > 2014-04-04 14:07 |

Post removed.Why?

Posted by Icon8888 > 2014-04-04 14:49 | Report Abuse

10 million shares changed hand. I think a lot if people influenced by AmResearch article this morning. I hope they initiate coverage soon

Posted by Ayappan > 2014-04-04 14:51 | Report Abuse

Icon8888 hope you saw my not on your STD problem to see Dr Tan in Singapore. Good luck

Posted by Icon8888 > 2014-04-04 15:09 | Report Abuse

Big buyer at 87 sen

Posted by Suprianto1 > 2014-04-04 15:10 | Report Abuse

Hahaha so funny. A guy got STD and everyone knows where he works and what he does. Icon8888 are you really working for Overseas Imbi restaurant

Posted by jtpc2006 > 2014-04-04 16:21 | Report Abuse

sold @ 0.88, let it drop again then buy.

Posted by Icon8888 > 2014-04-04 16:28 | Report Abuse

895 !! : 0

Posted by james70 > 2014-04-07 09:43 | Report Abuse

Icon, DaMen is slated to open in 2015. GOB will have a NLA of 420k sqft of recurring earnings. Will you do a Part 5 on the GOB series of write ups on this area?

Posted by mytw > 2014-04-07 10:18 | Report Abuse

0.905

Posted by Icon8888 > 2014-04-07 10:22 | Report Abuse

James 2015 is a bit far.

Also I am wary of being seen as incessantly promoting a stock.

I think I will write about it when the mall is closer to opening.

Posted by Icon8888 > 2014-04-07 10:23 | Report Abuse

But thanks for highlighting. I am not aware of this piece of info when I first wrote about GOB

Posted by matrix6050 > 2014-04-07 10:24 | Report Abuse

Icon8888: 0.915 d :)

Posted by Icon8888 > 2014-04-07 10:25 | Report Abuse

I think 1.00 post rights issue is not impossible

Posted by mytw > 2014-04-07 10:25 | Report Abuse

yea yea..up up up..

Posted by pputeh > 2014-04-07 10:58 | Report Abuse

Thanks Icon8888 for yr write up. Was a bit unsure at 79c. Finally bought in, in a small way at 87. Will hold till rights issue and beyond and see. Did read all yr articles though but as usual was slow to move . They were very informative Thanks again

Posted by james70 > 2014-04-07 11:14 | Report Abuse

NP Icon. Looking at Pavillion REIT, it seems that they have the first right of refusal to purchase DaMen and inject it into the REIT. GOB could be looking at hiving off the DaMen to PavREIT which could bring in RM300-400m.

Posted by Icon8888 > 2014-04-07 11:20 | Report Abuse

james, your figure is likely correct. Recently I have written so much about malls (some of them by coincidence), I have developed a rule of thumb.

First of all, according to my earlier calculation, OSk Prop's Atria Mall has 470k sq ft NLA and works out that net profit could be RM19 mil (my own calculation, not necessarily correct).

As such, Damen's 420k will generate 420 / 470 x 18 = RM16 mil net profit.

Let's say if they sell it based on 6% yield, valuation should be RM267 mil

Posted by james70 > 2014-04-07 11:49 | Report Abuse

I think with Pavillion managing DaMen, the average rental rate per sqft per year is higher than RM80. I am assuming an average RM100/sqft/annum rate and this will give a RM42m turnover/year. With an implied margin of 60%, this translates to a PBT of RM25.2m/year. Assigning a 25% tax rate, this results in a RM18.9m PAT. A 6% yield will value it at RM315m.

All these numbers are purely conjectures. Let's wait for it to unfold. A new golden chapter.

Posted by tnaplus4 > 2014-04-07 12:08 | Report Abuse

If able to clear 0.945 convincingly this week with good volume, then should have no problem to reach immediate target of 1.2 within this month or next. Good to hold for long term.

Posted by ThambiPower > 2014-04-07 13:40 | Report Abuse

Hey Icon, your titi got disease better see a doctor. See my uncle fast....

Posted by ThambiPower > 2014-04-07 13:41 |

Post removed.Why?

Posted by KlseCalvary > 2014-04-07 13:41 | Report Abuse

Note that the 2 parcel of land at Batu Kwan based on net book value was purchased at RM8++ & RM10++ psqf. Just the revaluation of these 2 parcel based on current values would value GOB at least RM1 sth

Posted by ThambiPower > 2014-04-07 13:43 | Report Abuse

Bye I will share on Icon more later....need to go for lunch

Posted by Icon8888 > 2014-04-07 14:05 | Report Abuse

closed to 8 mil shares changed hand in first half, amazing...

Posted by matrix6050 > 2014-04-07 14:08 | Report Abuse

Icon bro: ya its amazing, hopefully asiapac will be the same too :)

Posted by Icon8888 > 2014-04-07 14:10 | Report Abuse

after what james told me this morning about Damen mall, I have high hope with GOB now. I think this stock can potentially double in 3 years time

matrix6050 you penang kia kah ? This means you have never seen Damen project construction site ? Maybe one day I can go and snap some photos and post them here

Posted by Ayappan > 2014-04-07 14:11 | Report Abuse

Icon8888 you see Dr. Tan on your STD problem? What did he say?

Posted by bracoli > 2014-04-07 14:13 | Report Abuse

Ayappan, not funny also. r u sick also? kikiki

Posted by james70 > 2014-04-07 14:13 | Report Abuse

DaMen pixs can be seen at the GOB website. Target completion is Jan2015 according to some websites but I think mid 2015 is a more realistic date.

Posted by Icon8888 > 2014-04-07 14:13 | Report Abuse

ayappan and thambi are actually saturn lah