# scjm3 - thanks for your advice and concern. My shortcoming is that my fingers are often itchy and almost "must" have some trading every day (especially I am fully retired now). Thus sometimes I did enter some counters which have only one or two day's play. Then I would have to take a "chop". But after chopping it goes up. Good recent example is Euro. When I saw some volume I went in, kept for a few days. As it quietens down, I sold with a 2 sen gain. The next day it shot up by 6 or 7 sen. As I say, I do not use FA or TA, I just use my years of experience and judgement to look at the trend and movement of the stock but at the same time I only go for those which shows profits in at least 3 out of 4 quarters as such counters, should anything happen, will not fall drastically, thus limiting my losses. So far so good. I am still watching LBS WA. Made a few hundred ringgit in the first round.
# scjm3 - Agree. That's why I have yet to enter LBS WA, and if indeed if I do, it will be a long term basis as the warrants is in the money. I have 3 categories of stocks in my portfolio.
One for real long term investing like (some kept for years already) - Mudajaya, Paramount, Kfima, JTiasa, PAVReit, SunReit, IGBReit, Sime Darcy
Some for trading (say up to a month) - FLB, MMode,
Some for speculating (fun trades) - in and out within a week.
At times, those for trading may become long term investment or vice-versa.
I do keep track of them and being a conservative person (restrict losses but on the other hand contented with small gains). Any profits or losses will not affect me in any way. As I mentioned in my other postings, one cannot expect to get rich in the market. If I can some extra money well and good, if I lose it so be it. The market is just like past time to me. Of course I still kept myself occupied with mahjong sessions, chor dee (small stakes only) and tackling Sudoku puzzles everyday.
On and off also go to the movies or go around scouting for good food with my wife.
However, the segment incurred a loss before interest and tax of RM1.117 million for the financial year ended 31 December 2012 compared to profit before interest and tax of RM8.665 million in the previous corresponding year due mainly to reversal of impairment loss on receivables in the previous corresponding year. While undertaking works for the in-house property development projects, the Group will also intensify its effort to replenish its order book by securing new external projects. Property Development For the year under review, the property development segment of the Group achieved a record turnover of RM60.444 million compared to RM13.332 in the preceding year, an increase of more than 3.5 fold. Profit before interest and tax surged by 158% to RM21.762 million compared to RM8.440 million in the previous corresponding year. The improved results were mainly due to picked up in sales and construction works of the Dolomite Templer Project. Dolomite Templer Dolomite Templer is a high-end low density freehold gated and guarded residential development project spanning 80 acres with a gross development value (“GDV”) in excess of RM800 million. Phase 1 comprising 110 units of 3-storey (22’ x 75’) linked houses was fully sold. Phase 2 comprising 57 units of 24’ x 95’ 3-storey superlink houses which was launched recently has received encouraging response. Dolomite Templer has been well-received due to its prime locality, lush greenery, resort ambiance with clubhouse facilities and modern designed houses. Boasting easy access via the upgraded Kuala Lumpur – Rawang trunk road and LATAR expressway, Dolomite Templer lies between the Commonwealth Park and the pristine Bukit Lagong Forest Reserve in Templer Park. The project also features 24-hour security, CCTV surveillance system and 2-tiered perimeter fencing with one layer electrified. Dolomite Templer will remain the main contributor to the revenue and profit of the Group’s property development segment in the current financial year. Premising on the strong demand for upscale development in the Klang Valley, the Group plans to launch the semi-detached houses by the end of year 2013. Dolomite Park Avenue On 28 September 2012, the Group launched the second phase of Dolomite Park Avenue, a 29-storey freehold serviced apartment comprising 474 units with built-ups ranging from 1,171 sq.ft to 2,583 sq.ft. and GDV of approximately RM250 million. The project was wellreceived with nearly 300 units booked within days. Unfortunately, the project has turned controversial arising from negative issues raised by certain parties. A temporary stop work order was issued by Majlis Perbandaran Selayang on 24 October 2012. The development order for the project was subsequently rescinded by the Selangor State Government through a media release made by the Menteri Besar on 24 January 2013 due to safety and environmental concerns. The Group was not given the opportunity to explain its position and present its in-depth research and findings before the announcement of the revocation of the development order. Todate, the Group has yet to receive a written confirmation from Majlis Perbandaran Selayang cancelling the development order for Dolomite Park Avenue. The Group is disappointed over the negative and unfair publicity against the project. The Group would like to emphasize that the development order was obtained after having complied with all the necessary procedures and guidelines as required by the authorities. Environmental protection and safety measures were sufficiently in place when the development order was approved in 2007. In fact, based on advice by experts, the surrounding structures and environment will not be affected by the proposed project. The cancellation of the project will have a negative impact on the future revenue and earnings of the Group. The Group anticipated to suffer substantial losses due to costs and expenses incurred todate, legal redress from the 100 purchasers who have executed the sale and purchase agreements, loss of profit and reputation. In the meantime, the Group has initiated legal action. Going forward, the Group will continue to source for strategic land bank for development purposes.
Dolomite Templer, Templer Park Dolomite Templer is a terrace house development within a gated and guarded community nestled within the pristine and tranquil Rawang vicinity. It is beautifully located next to the Bukit Lagong Forest Reserve and the Commonwealth Park.
This 3-storey terrace house consists of a total of just 167 units. Each unit has plot area of 22’ x 75’ and 24’ x 95’. It was launched from RM1.25 million to RM2.33 million.
Dolomite Templer is complemented by numerous modern facilities including a swimming pool, a multi-purpose hall, a gymnasium, a cafeteria, a tennis court and a games room sited within a clubhouse.
Located just opposite Templer Park Resort, it is within close proximity to the amenities provided within the area. Among those amenities are Perangsang Templer Gold Club and a shop-office development (Templer Suasana) that allows residents to buy groceries et cetera.
Dolomite Templer is about 20km away to the city centre via Jalan Ipoh – which is about 30 minutes driving. It is within 10 minutes driving to Rawang and Selayang town center. It is also within short driving distance to Rawang KTM Komuter station.
Property Details Name: Dolomite Templer Address: Rawang, Selangor Developer: Dolomite Corporation Type: Terrace Tenure: Freehold No. of Storey: 3 No. of Units: 167 Land Area: 22′ × 75′ & 24′ × 95′ Launch Price: RM1.25 million – RM2.33 million Facilities Swimming pool Multi-purpose hall Gymnasium Cafeteria Tennis court Games room Analysis The developer, Dolomite Properties (a wholly owned subsidiary of Dolomite Corporation) is indeed a new player in town. Its core business is as a quarry operator – and the Group has diversified into construction and property development.
Its maiden project is the Taman Sri Batu Caves – claimed as the first guarded industrial business park with CCTV, 3.5-acre recreational park with a lake, jogging track and a basketball court. Other developments carried by this company are Dolomite Park Avenue, an integrated residential and commercial building in Batu Caves and D’Marina resort-styled residential township in Kuantan.
The land site was purchased back then in September 2003 from Bong Son Rubber Estates Co. Sdn Bhd for RM25.7 million. Besides Dolomite Templer, it is believed a few more types of residential will be launch on the site as the land purchased is a total of 82 acres.
The price tag of Dolomite Templer is too expensive to be asked for. For about the same budget, one may even buy a semi-detached house in Cheras, a terrace in Desa ParkCity, and many more. Even comparing to the nearby residence, a 2-storey terrace at Templer Heritage is just about RM260,000. Dolomite 生金蛋的产业项目,丰衣足食办得到。
Thnks mr er ,today closing so many buyer buy at 45ctns,tomorrow suri up another 3ctns, quter results Will out within this two weeks ,sure good,go go go !
Just wondering why you so bullish on the results? Last quarter's result was obviously boosted by other incomes RM 7-8 millions due to an amortisation (gain) of long-term payables.
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....
kllady_fidah
1,700 posts
Posted by kllady_fidah > 2013-04-02 17:22 | Report Abuse
yoyo.............