Worth to put an eye on this stock for mid and long term. KUALA LUMPUR (Feb 25): Ceramic and homogeneous tiles maker Yi-Lai Bhd's share price climbed as much as 11.6% to its year-to-date high of 96 sen, on news that Aspen Group is planning a reverse takeover (RTO) of the group. At 3.24pm, the stock failed to sustain its upward momentum and pared some gains to settle at 88 sen, still up 2 sen or 2.33%, after some 1.15 million shares were done, compared with the 65-day average volume of 39,668 shares. Year-to-date, the stock has gained 3 sen or 3.5%. Yi-Lai told the stock exchange yesterday that Penang-based property developer Aspen Group is planning an RTO on the group, which will see it branching out into property development. Yi-Lai had signed a heads of agreement (HoA) with Aspen Vision Group Sdn Bhd and Setia Batu Kawan Sdn Bhd (Setia Batu Kawan) to acquire Aspen Vision All Sdn Bhd for RM550 million. The purchase consideration shall be settled via the issuance of 450 million new Yi-Lai shares at an issue price of RM1, while the remaining RM100 million will be paid in cash, which shall be funded through internal funds and/or bank borrowings. "The issue price of RM1 represents a premium of 22.3% over the five-day volume weighted average market price of Yi Lai shares, including Feb 23," it added.
Further down may provide opportunity to accumulate..
KUALA LUMPUR (Feb 26): AllianceDBS Research said the immediate hurdle for Yi-Lai Bhd (Yilai) was at 96 sen and that Yilai had on Feb 25 traded to a high of 96 sen before closing near the day’s low at 88 sen (up 2 sen or 2.32%). In its evening edition yesterday, the research house said Yilai continued to trade above the 20-day and 50-day moving average lines in the last 3 days. “Following the weak up close on Feb 25, the stock is likely to move lower with immediate support at 87 sen. “A fall below 87 sen would put pressure on the stock down to the subsequent support zone, 83 sen – 84 sen. “The hurdle is pegged at 96 sen. A crossover of 96 sen should see further price rise to the next overhead resistance zone, RM1.00 – RM1.05,” it said. AllianceDBS Research said stock volume traded on Feb 25 was 2.13 million shares compared to the 3-month average volume of 30,000 shares. The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact. It said the relative strength index indicated that the stock was currently in an overbought zone.
Just started to accumulate at rm0.83 as i think the risk is minimum. When checked on Adpen Vision City project just crossed the 2nd bridge of Penang was impressed. With the good location and the rto price per share + the nta is rm1.30+, it is good time to accumulate!
Those can accumulate Yilai now at low (provided rto by Aspen Vision City is materialized) and hold for 2 years (Ikea will open on 2018) will get hansome return! It will even much beyter than Tambun.
News:Poll to find name for Penang’s new, intelligent, satellite township 14092015_lim_guan_eng_at_groundbreaking_of_Aspen_Vision_City_tmi_pic Groundbreaking of Aspen Vision City in Batu Kawan, Penang
The people will have a say in the naming of Penang’s new, intelligent, satellite township on mainland Seberang Prai.
The township is in Batu Kawan, in the southern Seberang Prai district, Chief Minister Lim Guan Eng said today.
He said state investment arm Penang Development Corporation (PDC), which owns the land in Batu Kawan, was in the process of demarcating the areas to be included in the new township.
“We expect it will take about a month for PDC to determine the areas for the new township. Once that is done, we will start an online poll so that the people can give their input on what we should name it. “The online poll may be for two months or even six months. We will make the announcements in due time,” he told reporters after the groundbreaking of the Aspen Vision City project in Batu Kawan this morning.
Lim had recently said that there was a need for a name for the new township, which was transforming the old, quiet town of Batu Kawan. The plan had earlier caused some confusion and had met with the disapproval of researchers and historians interviewed in Chinese newspapers.
Lim said the new name would not replace the old name Batu Kawan, as the area itself would still remain apart of the new development.
“Batu Kawan will still be here as a part of this larger satellite township, which we envision will grow into a metropolis in the future,” he said, stressing that the area, where Fortune 500 companies were present, remained important to Penang’s economy.
While the actual boundaries of the new township are yet to be disclosed, Lim had previously said that the southern Seberang Prai district, which is also seeing new developments, could be included in the plan.
Aspen City Vision, a mixed development with a gross value of RM8 billion, is also expected to change the landscape of Batu Kawan.
The project is a joint venture between the Malaysian Aspen Group and Ikano Pte Ltd, which owns the Ikea franchise in Singapore, Malaysia and Thailand. The partnership is also bringing the famous Swedish furniture retailer to Penang.
Ikea in Batu Kawan will be the brand’s first outlet in the northern region. The store is expected to be ready in 2018, along with Aspen Vision City’s phase one, Vervea, the biggest gated and guarded commercial precinct in northern Malaysia.
Aspen Group chief executive officer Datuk M. Murly said the project would change the landscape of Batu Kawan and beyond, as neighbouring areas would also benefit from the new developments
Also, we might see in future more collaborations between IGB and Aspen. Who knows, Mid valley Penang/Northern region in the pipeline. There's synergies between them. BUY call.
All the 440 shop lots at Aspen IKEA sold out. Ecoworld in process of buying Malton / Abad Naluri land next door for premium to what Aspen paid for its own land. Ecoworld product always premium product. Aspen has monopoly on all IKEA outside of Klang Valley. IKEA plans already submitted to Penang council MPSP. Next IKEA is Johor clearly. If Premium Outlet can do well, so can an IKEA centred development. Remember for Aspen project in Batu Kawan, IKEA own 80 % of the mall and 20 % of the property development. Of course 100 % of the IKEA store itself. The Johor project is the massive one, not priced in. IKEA Batu Kawan itself will be massive. Yi-Lai is a MYR 2.00 stock. Not a single analyst is promoting now except RHB. When all analyst start writing, stock will be 2.00.
Just superb, but still hold. The new boss of Yilai bought majority share of Yilai is rm1.30 With the synergy with Aspen, it should at least close to rm1.30 in near future.
Last post here is on 5/4/2014. Happy that I'm still holding this share. Dipped below my average price in the past 1 year but has certainly bounced back now. Looking for good times ahead!
YI-LAI Bhd (Yi-Lai, 5048) dropped to a low of 79 sen on Jan 18, the worst level since June 2012 amid extended correction process due to persistent liquidation pressure.
The shares traded mostly range-bound for several weeks, undergoing consolidation before bouncing off in the wake of a fresh bout of bargain hunting buying momentum. This stock recovered to a one-year high of RM1.08 during intra-day session before paring gains to finish up eight sen to RM1.05.
Based on the daily chart, it appears Yi-Lai is in the infancy stage of a new leg of uptrend, with prices reclaiming the posture above all the moving averages on our screen after undergoing a period of correction.
An increase in the trading activities over the past three weeks added to our optimism.
Initial resistance is expected at the RM1.10 barrier, of which a successful penetration of this relatively stiff barrier would further confirm that this stock is indeed on the rise.
If that happens, the next upper target to look for would be the RM1.20 mark and if buying sentiment is strong enough, it may re-test the previous rally peak of RM1.39, established on Sept 25, 2014 or move to a higher ground. Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. Though the two oscillators were fast reaching the overbought area, they retained the buy call, triggered on March 3.
The daily moving average convergence/divergence (MACD) histogram expanded sharply against the daily signal line to keep the bullish note. It had issued a buy call on Feb 19. In stark contrast, the 14-day relative strength index hit a high of 82 on Thursday before curving down marginally to settle at the 79 points level yesterday.
Technically, the daily MACD is bullish but other indicators are painting a slightly overbought condition, suggesting investors can consider accumulating more should there be a pullback, as prices are poised to resume the scaling once the overbought situation is fully neutralised.
Current support is pegged at the 200-day simple moving average, which is lying at the 91 sen mark. An additional floor is pegged at the 87 sen level.
PETALING JAYA (March 14): Ikano Pte Ltd – which owns the IKEA franchise in Malaysia – will open its first store in Batu Kawan on Penang’s mainland in 3Q2018.
The store will anchor a shopping mall that is one of the main components of Aspen Vision City, a 245-acre, RM8 billion mixed-use development undertaken by a joint-venture (JV) company formed by Ikano and Penang-based developer Aspen Group.
“The IKEA vision is to create a better everyday life for the many people,” said Ikano managing director Christian Rojkjaer in a press release today.
“We expect to do that by bringing our affordable range of functional home furnishings to the people of Northern Malaysia in 2018, along with hundreds of solid jobs and spin-off opportunities for the local community,” he added.
The IKEA store will be wholly-owned by Ikano, while the mall will be developed by the JV company and managed by Ikano.
According to Rojkjaer, his team has applied for a building permit and earthworks have begun to prepare the 245-acre site housing the mall.
Other components of Aspen Vision City include condominiums, office towers, an international school, a Columbia Asia Hospital and a 24-acre park.
Meanwhile, piling works have started for the project’s first phase, the gated-and-guarded commercial precinct Vervéa.
Next up is a high-rise condominium project called Vertu Resort.
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....
scqua232
3 posts
Posted by scqua232 > 2015-12-11 17:21 | Report Abuse
I like Hebrews 1:1
Calvin = 劫贫济富