Posted by kancs3118 > 2014-11-18 22:12 | Report Abuse

Hi all - about the concern that the property market will not do well next year. Well, let me share my experience as a Penangite.

There is a strong demand for property priced between RM450K to RM600K in mainland Penang. Indeed, there is a significant shortage of "affordable" housing to house the middle class income earners in the state of Penang. A visit to the Batu Kawan sales office shows the land at Batu Kawan will be used to predominantly build affordable housing priced at RM450K to RM600K.

Posted by Fatso8 > 2014-11-18 22:17 | Report Abuse

Kancs, that not good news to share low cost, affordable housing on premium land.

Posted by kancs3118 > 2014-11-18 22:21 | Report Abuse

this sell down does not make sense... the share price should have appreciate given that we are about 2 week to the rights issue...

Posted by kancs3118 > 2014-11-18 22:44 | Report Abuse

RM450K to RM600K is not exactly low cost lar...

Posted by Fatso8 > 2014-11-18 23:14 | Report Abuse

Kancs, I said low cost coma affordable housing. If the land truly is affordable housing, then it cannot be premium land.

Posted by Fatso8 > 2014-11-18 23:15 | Report Abuse

Coma= comma

Posted by watchme > 2014-11-19 09:18 | Report Abuse

back to 90 level today likely...oversold position

Posted by kancs3118 > 2014-11-19 12:35 | Report Abuse

when is it going to hit RM1.00?

Posted by Tornado > 2014-11-19 16:18 | Report Abuse

great show today... keep it up.

Posted by watchme > 2014-11-21 09:40 | Report Abuse

fair chance to go up a bit more to 94

Posted by CAF-POW > 2014-11-24 22:47 | Report Abuse

Hi, anyone with experience subscribing rights issue before, care to explain? with regards to announcement made on bursa below; does it mean that we could start subcribing the rights from 4 Dec and latest by 17 Dec? What about item 1 and 4, what it means?

RENOUNCEABLE RIGHTS ISSUE OF 227,338,321 NEW ORDINARY SHARES OF RM0.50 EACH IN GLOBAL ORIENTAL BERHAD ("GOB" OR THE "COMPANY") (“RIGHTS SHARE(S)”) TOGETHER WITH 113,669,160 FREE DETACHABLE WARRANTS (“WARRANT(S)”) AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN GOB HELD AS AT 5.00 P.M. ON 2 DECEMBER 2014 ("RIGHTS ISSUE WITH WARRANTS").

Kindly be advised of the following :

1) The Rights commence of trading : [ 3 December 2014 ]

2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
[ 4 December 2014 ]

3) The last day and time for Acceptance, Renunciation and Payment :
[ 17 December 2014 @ 5:00pm ]

4) The Rights cease quotation : [ 10 December 2014 ]

The Stock Short Name, Number and ISIN Code [ GOB-OR, 1147OR and MYL1147OR000 ] respectively.

Posted by watchme > 2014-11-25 06:49 | Report Abuse

GOB-OR will be traded from 3rd Dec.The mother price by that time should already be adjusted. Yu pay RM1000 for 2000 units of rights an get 1000 unit free warrant. A capital layout of RM 1800 + RM 1000 = RM 2800 (at current price). You have total 4000 GOB shares and 1000 free warrant. Mathematically, the share price is likely to adjust to RM 0.70, but with warrant attached, it may be lower, say 65 cents and warrant is 20 cents. So if you sell the OR and do not want to subscribe to the right, how much will be the OR? As you only pay 50 cents to get the right, by logic, the OR should worth 15 cents or even more.

Posted by kancs3118 > 2014-11-26 13:16 | Report Abuse

very strong selling pressure for this counter. It seems not many are interested in this rights issue and are more interested in dumping this share before rights.

Posted by CAF-POW > 2014-11-26 16:08 | Report Abuse

yup, i concur with your observation.....initially I thought of dumping too...but decided to take it anyway for mid/long term as the free warrant is a good offer, me think... so, if market don't crash next year and GOB keep improving, then we could make some profit both from warrant and mother shares....

Posted by Justin Ngo > 2014-11-26 23:12 | Report Abuse

Good financial report. Eps 4.19 n nta increase to 1.38 from 1.31.

Posted by Justin Ngo > 2014-11-26 23:14 | Report Abuse

Now the pe only 4.65 with eps of 18.7. Totally undervalue.

Posted by xiaxiwola > 2014-11-26 23:14 | Report Abuse

icon gor gor hiding liao ka. biggest promoter of this stock.

Posted by kancs3118 > 2014-11-27 09:03 | Report Abuse

come on....company is going through rights issue - will surely release good quarterly reports - to entice you and me to subscribe...i got a feeling today's price will still be the same as yesterday

Posted by 宋 雪芬 > 2014-11-27 09:59 | Report Abuse

Pika Chan, after right issue the share price will also go lower, so will PE increase?

Posted by jkhoo99 > 2014-11-27 10:07 | Report Abuse

I have a feeling that company who offers Right issues are not doing so well or hard to get cheap finances elsewhere; that is the only reason they offer right issues to raise fund from existing shareholders.

Posted by Icon8888 > 2014-11-27 11:18 | Report Abuse

GOB latest quarter results include ESOS expenses of RM6 mil. Exclude that item, net profit would be RM16.5 mil. EPS would be 6.6 sen in this latest quarter. The company is doing well, not withstanding share price weakness

Posted by Justin Ngo > 2014-11-27 11:45 | Report Abuse

pika chan, u r right. let say doubled, it is still 9.4. still consider undervalue.

Posted by Justin Ngo > 2014-11-27 11:48 | Report Abuse

u get money from shareholder no need pay interests but if you borrow from bank, you are sure to pay 7% annually.

Posted by kancs3118 > 2014-11-27 15:40 | Report Abuse

today, can easily shot past RM0.90 line but selling pressure is too great. It seems people are dumping this share to avoid subscribing to the rights.

Posted by 宋 雪芬 > 2014-11-27 15:50 | Report Abuse

but still got people catch it, means no worry lar, see how's the show next week

Posted by kancs3118 > 2014-11-27 16:45 | Report Abuse

maybe can break RM0.90 given this one last hour

Posted by watchme > 2014-11-27 17:03 | Report Abuse

sold some and hold some to subscribe...lose a bit leh

Posted by Tornado > 2014-11-27 20:49 | Report Abuse

Well, as Icon say " (Be patient. The durian will drop one day) "

Posted by 宋 雪芬 > 2014-11-28 08:35 | Report Abuse

i bought during September at the price of 1.08, as long as it is a good company, i will keep it for long term....... may keep for 30 yrs........ hahahahaha

Posted by Justin Ngo > 2014-11-28 09:35 | Report Abuse

really cant understand why ppl dump at loss. they need money to buy OR? 65sen is almost the same price of 80sen b4 ex date.

Posted by Freddie Ng > 2014-11-28 09:42 | Report Abuse

can buy now ...

Posted by Ivanlim89 > 2014-11-28 11:44 | Report Abuse

wat happen

Posted by Tornado > 2014-11-28 11:49 | Report Abuse

well, I am waiting at 60s

Posted by kancs3118 > 2014-11-28 13:09 | Report Abuse

Hi all sifus...may i ask one question about P/E ratio.
Referring back to Icon8888's article:
http://klse.i3investor.com/blogs/icon8888/50872.jsp
In his article, he stated that the EPS from Damen should be RM0.417 (i.e.; 41.7 cents)

Assuming, if EPS = RM0.30 (30 cents) and we fixed PE at 6.0

Then, we all say - Price = 6.0 x RM0.30 = RM1.80

The problem now is the definition of EPS.

Do we look at quarterly EPS/ yearly EPS/ the cumulative/ retained earnings as part of EPS? I mean how do we define EPS and how this will affect the pricing of the share based on PE ratio?

Posted by Justin Ngo > 2014-11-28 14:05 | Report Abuse

4 latest quarter eps used to count pe

Posted by kancs3118 > 2014-11-28 14:08 | Report Abuse

thanks Justin Ngo. Another question. How do we determine the PE Ratio? normally, people will just hentam 4 , 5, 6, 7...any logic behind these numbers (of 4,5,6,7...)?

Posted by CAF-POW > 2014-11-28 14:24 | Report Abuse

normally, we use the industry benchmark, in this case construction....for reference point.

Posted by Justin Ngo > 2014-11-28 14:27 | Report Abuse

Current price ÷ eps = pe.
pe used to estimated a target price n to c whether d counter is cheap or not. Normal pe is x15. Also depend on sector. Some sector pe is high n it is acceptable.

Posted by kancs3118 > 2014-11-28 16:07 | Report Abuse

what do you think is the appropriate PE for property construction/ developer like GOB?

Posted by kancs3118 > 2014-11-28 16:51 | Report Abuse

what is the meaning of enterprise value?

Posted by iska > 2014-11-29 07:08 | Report Abuse

I notice consistently strong selling in this counter and many times near or at closing the selling is even stronger and looks intentionally so, to close the stock at a low price. Because the counter has no big, strong holders (top 30 shareholders own only slightly above 40% of the stock), perhaps "scaring" tactics are used by relatively bigger momentum players to push the stock down (at the moment). I hope my guess is correct, in which case momentum players may one day reverse their game and push the stock the way round.

Not sure when, but perhaps they will continue to push it down during the trading the of the rights, so that they can purchase the rights cheaply, exercise them and get the free warrant, and then start pushing the stock subsequently.

Vested, and hoping my guess is correct. (Perhaps there are just too many property counters and the loosely held ones just have to fall more than the tightly held stocks)

Posted by kancs3118 > 2014-11-29 14:19 | Report Abuse

what is the expected price of the OR?

Posted by miapancho > 2014-11-29 23:05 | Report Abuse

CAF-POW Hi, anyone with experience subscribing rights issue before, care to explain? with regards to announcement made on bursa below; does it mean that we could start subcribing the rights from 4 Dec and latest by 17 Dec? What about item 1 and 4, what it means?

RENOUNCEABLE RIGHTS ISSUE OF 227,338,321 NEW ORDINARY SHARES OF RM0.50 EACH IN GLOBAL ORIENTAL BERHAD ("GOB" OR THE "COMPANY") (“RIGHTS SHARE(S)”) TOGETHER WITH 113,669,160 FREE DETACHABLE WARRANTS (“WARRANT(S)”) AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN GOB HELD AS AT 5.00 P.M. ON 2 DECEMBER 2014 ("RIGHTS ISSUE WITH WARRANTS").

Kindly be advised of the following :

1) The Rights commence of trading : [ 3 December 2014 ]

2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
[ 4 December 2014 ]

3) The last day and time for Acceptance, Renunciation and Payment :
[ 17 December 2014 @ 5:00pm ]

4) The Rights cease quotation : [ 10 December 2014 ]

The Stock Short Name, Number and ISIN Code [ GOB-OR, 1147OR and MYL1147OR000 ] respectively.
24/11/2014 22:47


thanks CAF--POW...THANKS

Posted by miapancho > 2014-11-29 23:12 | Report Abuse

PROSPECTUS WILL BE SEND ON 4TH DECEMBER,,THOSE WHO ARE NOT PATIENCE IN WAITING FOR THE PROSPECTUS BY MAIL CAN ALSO START DOWNLOADUNG THE APPLICATION FORM ONLINE ON BURSA SITE ON 4TH DECEMBER...WILL BE OPEN THE APPLICATION FROM 4TH DECEMBER TO 17TH DECEMBER... MY REMISER ADVISE ME TO SEND TO THEM BY HAND NOT BY MAIL.. BECAUSE MAIL SYSTEM VERY SLOW N CANNOT BE TRUSTED VERY MUCH

YES I ALSO LIKE TO KNOW EXPECTED PRICE OF GOB-OR THAT WILL BE LISTED ON 3RD DECEMBER?? ANY SIFU HERE ON THIS SITE PLEASE GIVE OPPINIONS????? THANKS

Posted by miapancho > 2014-11-29 23:14 | Report Abuse

kancs3118 what is the expected price of the OR?
29/11/2014 14:19

YES I ALSO LIKE TO KNOW THIS??? ANY IDEAS GUYS

Posted by miapancho > 2014-11-29 23:24 | Report Abuse

THOSE WHO HAVE THE MOTHER SHARES BUT NOT INTERESTED IN SUBSCRIBING TO THE RIGHT ISSUE,, CAN START SELLING THE GOB-OR, ON THE 3RD OF DECEMBER...IT WILL GO INTO YOUR ACCOUNT ON 3RD OF DECEMBER...IT WILL BE ON TRADING FOR 5 DAYS...THOSE WHO ARE INTERESTED TO SUBSCRIBE TO THE RIGHT ISSUE USUALLY WON T SELL THE GOB-OR..THEY WILL START APPLYING FROM 4TH DECEMBER ONWARDS TILL 17TH DECEMBER

Posted by kancs3118 > 2014-11-30 13:35 | Report Abuse

just asking, what happen if i purchase the OR? Then, this means, i am entitled to subscribe to the rights issue + getting the free warrants?

Posted by Tornado > 2014-11-30 16:47 | Report Abuse

BatuKawan is a strategic location, it will be the key development area for the next 10~20 years.
Big multinational companies, Ikea, hp, bose, 3m ... , to name a few are setting up plants or outlets in BatuKawan, they do not do this for fun.....

Just buy and watch the quarterly report performance periodically, you can dream on and wake up to find yourself end up a multi millionaire one day.....provided gob's management is righteous.

" Durians will drop one day "

Posted by miapancho > 2014-11-30 17:36 | Report Abuse

kancs3118 just asking, what happen if i purchase the OR? Then, this means, i am entitled to subscribe to the rights issue + getting the free warrants?
30/11/2014 13:35


if interested to subscribe,, then do not do anything to the OR,,it will be trading for 5 days only starting from 3rd december... after 4th you will get the application form or prospectus or you can download it from bursa site from 4th december onwards till last day is 17th december... but for those who are not interested in subscribing can start SELLING THE OR ONCE IT IS LISTED ON MORNING OF 3RD DECEMBER...USUALLY OR PRICE IS LOW... Please consult your remiser if you are still confuse...

Posted by kancs3118 > 2014-11-30 17:56 | Report Abuse

Hi Miapancho, i do not intend to sell any of my OR. But i intend to buy other people's OR.

Hence, after purchasing other people's OR, does it give me their rights issue + free warrants?