Dont be so gungho. Nobody can predict what will happen tmr morning. It is good you have the spirit, but wait and see tmr market open lor whether up or down. Hehe
The new boss (51%)of Dbhd has no enough monies, so sell back Dbhd to Jcorp at 1.600, with the nett profits, he wants KFC lor....hihihiiiiiii, Malaysia boleh lor............
All I can say....Chart is pointing NORTH....No Contra.....Dbhd is a very tactical counter...
On the current date Damansara realty Position is Long - Moderate Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium - High and
"Liquidity Risk" is Medium (Another words it means cornered).
PLease read my previous posting below line by line.....Trade at your own risk....
Posted by SANG-JERO > May 1, 2014 02:40 PM | Report Abuse X
In the Star newspaper today....
PETALING JAYA: Well-connected Johor businessman Datuk Daing A Malek Daing A Rahaman has assumed control of Damansara Realty Bhd (DRealty) in accordance with a deal inked in February.
Stock market data showed that some 157.78 million shares, or a 51% stake, in DRealty had changed hands off-market at 50 sen each.
The share crossing has triggered a mandatory general offer (MGO) for the company at 50 sen a share.
This was a staggering 71% discount to its last traded price of RM1.71.
DRealty also said in a Bursa filing yesterday that it had completed the share sale agreement with Seaview Holdings Sdn Bhd, a vehicle equally owned by Daing and Abdul Aziz Daing Rahman, to acquire 51% of DRealty from state-backed Johor Corp (JCorp).
JCorp said in late February that it had received an offer from Seaview to buy a 51% block in DRealty, its property services arm.
DRealty was then trading at between 20 sen and 30 sen.
Given the huge gap between Seaview’s 50 sen offer and DRealty’s market price of RM1.71, it is unlikely that the MGO will be taken up by minority shareholders, leaving DRealty’s listing status intact.
Although the sale cuts JCorp’s 64.8% interest in DRealty to 13.8%, the group remains one of the latter’s major shareholders. It pocketed RM78.9mil from the exercise.
DRealty has interests in property development, facilities management services, car park operations and cleaning and hygiene services.
Daing Malek, believed to be a long-time friend of the Sultan of Johor and his father, is a member of the Council of the Royal Court of Advisers to the Sultan.
His emergence in DRealty could give a “royal boost” to DRealty, market observers say, which might explain why its shares have raced to a high of RM2.05 despite the 50 sen offer.
Already Daing Malek has expounded on plans to rejuvenate DRealty’s property and construction divisions and expressed interest in Iskandar Malaysia and Pengerang Integrated Petrochemical Complex-related projects.
He also plans to expand DRealty’s parking business under wholly-owned subsidiary Metro Parking Sdn Bhd in the Asean region.
Asset-rich but debt-laden JCorp has been hiving its non-core operations in recent years.
The companies in its stable include Sindora Bhd, Damansara Asset Sdn Bhd, Harta Consult Sdn Bhd and Kulim (M) Bhd.
SANG-JERO 2120 posts Posted by SANG-JERO > May 1, 2014 03:20 PM | Report Abuse X
D Bhd stock is a cornered stock....Next resistance level is 2.05.......Chart looks Bullish for short term...mid term & long term....
Konoyaro. Rileks la. Kita boleh. Look at PDZ, DBHD, and ECOWLD pages. There is no target price, am i right? No research house covering PDZ, DBHD and ECOWLD. But they did perform well. This counter bahaya oh. Like roller coaster. Enjoy the ride.
Some points they all highlighted here. 1. KFC takeover?! http://www.theedgemalaysia.com/business-news/288281-jcorp-denies-talk-of-kfc-takeover-by-damansara-realty.html 2. Oil & Gas? 3. No rumor, no news, but the price hit new high constantly. Seems like somebody is collecting at current price? Or not. No absolute answer for this. 4. No research house covering this stock. If iris, you'll see TA. in DSONIC, you see RHB. in PDZ, none. in ecowld, none. Are they collecting too? Hahahaha.
redwed.yeah i do agree with u on thia.recently experience same thng with Pharma.before that price had been moving sideways.then when research house do TP.suddenly price up.then down again.i guess this is the period they collecting.tq for your insight.lets hope for better tomorrow.
Another interesting day & week....Full of thrill........short term...mid term...to long term......looks Bullish........Trade within your means......Good luck....
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cheaterecoworld
229 posts
Posted by cheaterecoworld > 2014-05-06 18:24 | Report Abuse
I very good in prediction like how I predict ecoworld fall!