At 64.5 Sen, Malton market capitalization is approximately RM290 Millions only. In Bukit Jalil City alone, total sales of the 112 signature shops is about 550-600mil, The 4 blocks of Service Apartments total 1098 units with Gross Development Value of about 1Billion, and 44 shops at the ground floor Selling at 4.2M-5.8M each will yield a GDV of approx 200M. 80% of the sales in Bukit Jalil are unfilled. The coming quarterly results will capture significant sales from BJC.
The profits from the 112 signature shops alone probably will equate the market value of Malton.
This is an overlooked Gem, maybe due to scepticism.....or any other reasons for which some of you may like to share ...
For Malton, patience is the name of the game. Coming 4th Quarter results should be very impressed. Nova Saujana was completed and handed over just after the last CNY but sales has not been booked in yet for the final phase of the project. ........
Not forgetting the construction works from Pavillion and other Desmond Lim companies....this is a company which i am quite sure it will make better profit year by year (unless unforeseen execution risk arise)
@wonder, Without taking the contributions from other jobs, just the contributions from BJC alone, the value in Malton is easily apprehended. :-)
Disclaimer: All articles presented by the writer here are of his personal opinions and are not intended to entice anyone into buying or selling the shares. If you do, it is at your own risks. The writer beneficially own some Malton shares. :-)
good share but someone not willing to see the price goes up. we should all have confident and not sell whenever make a small profit. NTA more than 1.50, and it is only trading less than 45% of NTA.
For revocation of the JDA at Batu Kawan, Malton will receive approximately 170millions being 96 millions repayment of bank loan, 50 millions for compensation of foregoing the Development rights, 20 millions deposits for the JDA plus 5% interests per annum. This will improve the balance sheet. Progress billings for the quarter ending 30th June should be impressive. :-)
Selling at a steep discount to NTA. Earning for 4Q FY2016? Nova Saujana final phase, handed over in last Feb. Signature Shops progress billings..... 900+ millions construction contracts ..... why the selling pressure? But there are buyers, 2.2mil transacted.....
a bit confused. someone try to lower the price in most sessions by selling small amounts of share at lower price before 4.50pm to push down the price. Luckily today, good support at 63 sen, so the price hold up and not drop below it. That's what happen last Fridays and many sessions before that
Looking at the high volume sell down ,it will most probably have to drop to horizontal support at 0.6 or even 0.5 before any meaningful trend reversal . Collect slowly around these price if you think there is nothing wrong with the fundamental of the company .
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....
TheContrarian
9,497 posts
Posted by TheContrarian > 2016-07-03 22:42 | Report Abuse
Got some weak shareholders on margin.