“As you see today, 108,000 of 130,000 high-end properties are unsold. This is an alarming situation. It is because four to five years ago, before we implemented policies, many high-end projects were taking place.
Sentimentrader - says technical indicators currently signal a reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. I says should resistance level of MYR1.22 be firmly broken, it may continue to lift prices higher to the next resistance level of MYR1.28
now steel price increase so does the construction cost. plus property over supply which cost the property price to be lower, it would get affected. unless Malton already award the job to main contractor b4 steel price hike.
Trading Idea: MALTON – Higher recognition from Bukit Jalil projects; potential M&A on the cards October 31, 2017
Company profile. Malton Berhad is involved in few business segments, where the property development and construction commanded 70% and 26% respectively in FY17. Current flagship project is the Bukit Jalil City (collaboration between Malton and Pavilion Group), developing signature shops, a regional mall (Pavilion Bukit Jalil) and high-rise residential properties with healthy take-up rates of 90%. Healthy recovery in FY17. Malton’s FY17 revenue rose by 38% yoy, while PBT grew 57% yoy on the back of higher recognition revenue upon completion of sale of remaining units of Bukit Jalil City Signature Shops and initial recognition of revenue of Tower 1 of the Park 2 Residence in Bukit Jalil with encouraging take up rates. Undemanding valuations compared to its peers. Currently, Malton is trading at price to book ratio of 0.75x vs. the peers’ average of 1.0x. We opine that Malton could be a laggard in its property space. Potential M&A angle on the cards. Since Tan Sri Desmond Lim became the major shareholder of WCT, business rationalization between Malton and Pavilion REIT has been the talk of the town. Hence, investors are likely to look for M&A news to trade on Malton, given the strong asset and landbank portfolio. Poised for a sideways consolidation breakout. Malton has been retesting the RM1.24 level with improved volumes after hovering between the RM1.15-1.28 over the past 6 weeks. With the MACD Indicator suggesting a “buy” signal, we believe it could poise for a breakout above the RM1.24, targeting RM1.35-1.38 with a LT target of RM1.45. Support will be located around RM1.15-1.19, with a cut loss of RM1.13.
I heard abt boss Desmond's divestment too and question his intention. Why would he pares down own stakes to someone else if company is in good shape? Something we don't know? Bad debts or deals gone wrong just like Lim Kang Hoo's Bandar malaysia deal shut off previously causing stock to plunged? Just something to ponder.
a sifu very bullish on Malton. I think it will correct to below RM1.20. Smarts already sold out at RM1.24 to RM1.25. Sell on strenght.....no love for any.
Hi johnfatt I already sold my hibiscus....earn a bit only because sold b4 it fly But I earn a lot at asiabio Hope can earn in this caunter Happy trading
Still dreaming d company is doing well or would do well soon? Property gluts everywhere in Malaysia while property prices fell drastically. Prop investors turned themselves into agents now. Most who had too many units on hand still trying to sell especially those who hold expensive luxury condos/landed units. U still dreaming that Malton will continue to do well now or future? Margins also coming down for all developers. Seriously almost all developers are shifting to build more affordable housing priced at lower price ranges. Malton will sure suffer worse in the next few quarters.
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....
yamanai
32 posts
Posted by yamanai > 2017-10-19 11:50 | Report Abuse
boss also have to absorb new launches condo unit to show fake take up rates. How to not understand high end properties are really cannot sell?
https://www.nst.com.my/property/2017/10/288069/malaysias-housing-market-glut-due-oversupply-high-end-properties
“As you see today, 108,000 of 130,000 high-end properties are unsold. This is an alarming situation. It is because four to five years ago, before we implemented policies, many high-end projects were taking place.