Let's assume OngLai88 is correct..someone is frying up for Directors to exercise ESOS at RM1.00. Now for those that exercise, they would want to make profit, let's say 5%. That means for them to make profit the frying has to exceed RM1.05 or more. So, bowman, if you believe OngLai, why move out when he means another >20 sen more increase???
bowman, if you are one of the directors, what would you do now? I will buy from market now and wait to sell at 1.00. Make one round first and then exercise the ESOS if the price goes to 1.20 or higher
TheContrarian ,impresiive good job, insas also very good? TheContrarian which is your next call you are a good trader MBSB AFFIN INSAS MALTON all you bot at bottom if not mistaken ? I think is almost the best in here
You forgot I also bought PUC @ 6 sen. Today there's no way to buy near low anymore because all counters have moved off their lows. Some counters like Malton and Insas have today hit 12 months highs. I only bought one new counter this month and I have told you. Bought just a bit @ 92 sen yesterday, today it has crept up just one sen to 93 sen. Wish me luck.
By the way, I am not a trader. I'm an investor. I invest hoping to achieve a 30% gain within 6 months. So far, I have been lucky in the past six months as all hit the target.
Thanks for the gain, moved out already. OngLai, thanks for the pointers. Contrarian, that's one smart move. Target achieved, move out. Keeping an eye on other yet-to-move counters. Willowglen and Insas look good.
What's risk to hold Malton? I believe is calculated risk and relatively low compare to many others. Malton consistently declared 0.025 to 0.03 dividend yearly and currently NTA is 1.66. which is still 47% below Par. In December 2014, the Private Placement 20 million take place at price of RM1. Last month, the ESOS at RM1 also announce. That means, RM1 will be the bench mark for Malton. Malton - WB is currently trading at 0.26 will expires in 29th June 2018. This is 17 month away from now. The conversion rate is RM1. Maybe, should look at who is the major holders of Malton-WB. Then, Malton above RM1.5 by July 2018 isn't a dream!
Moneycashrich, you are likely make a right decision.
Making money from stock market is mostly about timing. A few years ago I collected Malton at the 80+ sen level then sold off all at RM1.16. Then six months ago I started to collect Malton again, this time at 60+ sen level. I also received dividend of 2.5 sen last month. Malton may or may not reach RM1.66. Lots of other counters are also way below their NTAs and paying good dividends. Spread your investments, diversify, don't put all your money in one counter.
We believe Tan Sri Desmond Lim may likely rationalise businesses after he became the major shareholder of WCT. Possible candidates may include Malton and Pavilion REIT, as he is a major shareholder of both companies. A potential consolidation between WCT and Malton is expected to unlock the value of the latter – given its undervaluation, strong asset and landbank portfolio. We value the stock at MYR1.75, based on a 40% discount to RNAV.
Potential M&A angle a re-rating catalyst. The emergence of Tan Sri Desmond Lim Siew Choon (TSDL) as the major shareholder in WCT (WCTHG MK, NEUTRAL, TP: MYR1.81) with 19.7% stake (at MYR2.50 per share) has sparked some market speculation that there could be some potential M&A’s in the pipeline involving the companies that he has a direct shareholding in. These include Malton and Pavilion REIT (PREIT MK, NEUTRAL, TP: MYR1.90).
The media has reported that a consolidation between WCT and Malton is possible, and we think this exercise – if it materialises – would provide TSDL an opportunity to gain more meaningful control over the “merged entity”. In addition, given the relatively higher valuations of WCT, the corporate exercise would help in a re-rating for Malton, which is currently deeply undervalued.
Malton has both property and construction units. While Malton’s property and construction businesses have strengthened in recent years, the company on its own is still small. On the property front, the Bukit Jalil City development is the company’s flagship property project. At its maiden launch in 2015, units were almost fully sold. Because of this project, the company’s unbilled sales are currently at a record high of MYR1bn. As for its construction segment, its current outstanding orderbook stands at about MYR2bn. As WCT is also a property developer and construction player, it makes sense for both WCT and Malton to merge – which would strengthen the asset and earnings base to bid for and undertake larger jobs, and enhance its presence in the property space. There should also be synergistic benefits via higher operating efficiency.
Bukit Jalil City to underpin earnings growth. Malton has not aggressively launched many property projects over the last few years, given the market slowdown. Bukit Jalil City and Rapid City are the only projects launched in 2015, with high take-up rates recorded. Although the market weakened further in 2016, the booking rate of 70% for the first block in The Park 2 Bukit Jalil City during its preview late last year is still considered encouraging. The jewel asset would be the regional retail mall, which has a NLA of 1.8m sqf and is currently under construction. We believe management may have to rope in an equity partner for this sizeable commercial asset to help in funding, ie an arrangement similar to TSDL’s Pavilion Damansara Heights project.
Valuations. We value Malton at MYR1.75, based on a 40% discount to RNAV. Despite the weak property market, we believe our valuations are reasonable given the potential catalyst in sight, which would help to crystallise the value of the company.
ong 88 as per what thecontrarian mention above seem he already chg to other counters I also chgn from Malton to Trop TheContrarian can share some good counters because you are one of my Favourite investor in I3 I follow him bot at 060 and I sell 069. I sell a bit fast I am regret thecontart abang do you mind share us aboutb Trop . and sifu thecontrast can ask you media can invest because seem match you high Nta hign dividend and price at bottom I notice abang thecontra like catch bottom fish , he seem very good at catch low sell high so far is the best I see in I3 Not like Calvin always ask you buy when share alreeddy fly the contra abang will buy when bottom so he is better than Calvin and harryteo also Now I almost 90% follow the contrataion and almose 70% is earn more last time I always loss thanks abang contaratrian?
It is now harder to buy undervalued counters at near low prices because market has turned bullish and syndicate is frying in a big way as can be seen in the huge spike in volumes of many counters. I'm not the type that goes around recommending counters because we have to do our own research rather than following others blindly. What I buy I would usually comment in the respective stock forums.
thanks abang contrat , abang contrat do you think magnum match high dividend and bottom pattern, I monitor quite a time but why many claim TOTO better than magnum but you know as a chinese we like magnum more . and I passby my housing area when open 4D days, actually magnum q more long than toto so I wonder why magnum and toto price gap so far ?
I started collecting Malton and La since 2011. Looking at past trend , I strongly believe RM1.5 by mid next year as Malton-WE will expire in June 2018. Good luck to those are Long and believe in this counter.
All i will say if you think you are smart, there are smarter people in the market and most of the operators or the people running these exercises arent stupid either. Obviously they are willing to let you earn 30% which some of you use as your benchmark to exit ( which is not based on any fundamental believe on how this target price was obtained ), they must have much larger targets or plans in mind.
For me, i think this is an undervalued stock by far looking at how projects are progressing on Pavillion area, bukit jalil and damansara heights. Though i wont comment on TP for this counter.
If you purely look at the volume and downside price range on a daily basis for the past 1 week, it is obvious that whoever is pushing the stock or buying is collecting it fast and not even willing to let the stock drop 5% back to flush out more sellers.
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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....
TheContrarian
9,495 posts
Posted by TheContrarian > 2017-02-06 09:54 | Report Abuse
Syndicate frying.