Posted by Vict > 2018-06-08 11:24 | Report Abuse

Greatly undervalued. With decent dividend. Good project eg pavilion Bukit jalil, Damansara, etc. Time2Grab some. At the lowest price level now :)

Posted by l3ryan > 2018-06-08 12:06 | Report Abuse

Time to battle between sentiments and fundamental, really hard to justify it being at this cheap

Posted by Yong Chun Wah > 2018-06-08 13:44 | Report Abuse

Acquring the shares pre and post GE14, must be very good. :)


MALTON CORPORATION SDN BHD 30-May-2018 Acquired 420,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 30-May-2018 Acquired 420,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 30-May-2018 Acquired 420,000 0.000 View Detail
MALTON CORPORATION SDN BHD 28-May-2018 Acquired 500,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 28-May-2018 Acquired 500,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 28-May-2018 Acquired 500,000 0.000 View Detail
MALTON CORPORATION SDN BHD 24-May-2018 Acquired 3,100,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 24-May-2018 Acquired 3,100,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 24-May-2018 Acquired 3,100,000 0.000 View Detail
MALTON CORPORATION SDN BHD 23-May-2018 Acquired 2,180,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 23-May-2018 Acquired 2,180,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 23-May-2018 Acquired 2,180,000 0.000 View Detail
MALTON CORPORATION SDN BHD 20-Apr-2018 Acquired 300,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 20-Apr-2018 Acquired 300,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 20-Apr-2018 Acquired 300,000 0.000 View Detail
MALTON CORPORATION SDN BHD 18-Apr-2018 Acquired 530,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 18-Apr-2018 Acquired 530,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 18-Apr-2018 Acquired 530,000 0.000 View Detail
MALTON CORPORATION SDN BHD 17-Apr-2018 Acquired 100,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 17-Apr-2018 Acquired 100,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 17-Apr-2018 Acquired 100,000 0.000 View Detail
MALTON CORPORATION SDN BHD 11-Apr-2018 Acquired 30,000 0.000 View Detail
PUAN SRI TAN KEWI YONG 11-Apr-2018 Acquired 30,000 0.000 View Detail
TAN SRI LIM SIEW CHOON 11-Apr-2018 Acquired 30,000 0.000 View Detail
MALTON CORPORATION SDN BHD 09-Apr-2018 Acquired 630,000 0.000 View Detail
Previous1

Posted by nemesis > 2018-06-08 16:44 | Report Abuse

I guess they intentionally shot down the price for them to acquire cheap...

Posted by bigman888 > 2018-06-09 13:21 | Report Abuse

Thanks for your "novice" advice....

Posted by l3ryan > 2018-06-09 18:41 | Report Abuse

That's a rather immature advice given.. such poor reasons given.. reputable company hence MACC will not investigate? project stop because of MACC investigation? PH government would not do anything to it to sustain economy?

What weed you smoking bro?

Posted by Smart_invest > 2018-06-10 14:08 | Report Abuse

not 8million, its 800k share. Tmr malton should be fly to the sky!!! get ready everyone xD

Posted by Vict > 2018-06-11 09:53 | Report Abuse

Yup thanks smart_invest

Posted by azfar8 > 2018-06-11 09:54 | Report Abuse

ok la, buy a little... see how it goes...

Posted by Yong Chun Wah > 2018-06-11 10:01 | Report Abuse

div is consistent yearly :)

31-Oct-2017 29-Nov-2017 DIVIDEND First and Final Dividend RM 0.025 Dividend Detail
27-Oct-2016 29-Nov-2016 DIVIDEND First and Final Dividend 2.5% Dividend Detail
29-Oct-2015 29-Dec-2015 DIVIDEND First and Final Dividend 3.0000% Dividend Detail
28-Oct-2014 29-Dec-2014 DIVIDEND First and Final Dividend 3% Dividend Detail
30-Oct-2013 27-Dec-2013 DIVIDEND First and Final Dividend 2.5% Dividend Detail
31-Oct-2012 26-Dec-2012 DIVIDEND First and Final Dividend 2.5% Dividend Detail
01-Nov-2011 28-Dec-2011 DIVIDEND Final Dividend 2% Dividend Detail
27-May-2011 08-Jun-2011 RIGHTS_ISSUE Rights Issue 2 : 5 Dividend Detail
30-Dec-2010 29-Dec-2010 DIVIDEND Final Dividend 1.5% Dividend Detail
20-Nov-2007 11-Dec-2007 DIVIDEND First and Final Dividend 1% Dividend Detail
20-Nov-2003 10-Feb-2004 DIVIDEND Final Dividend RM 0.1 Dividend Detail
23-Nov-2002 13-Feb-2003 DIVIDEND Final Dividend RM 0.035 Dividend Detail
25-Feb-2002 22-Feb-2002 OTHERS Others 1 : 2 Dividend Detail
20-Feb-2002 19-Feb-2002 BONUS_ISSUE Bonus Issue

Posted by Yong Chun Wah > 2018-06-11 10:03 | Report Abuse

based on the 2.5% or 2.5sen for div, div yield is above 4%... :)

Posted by nkk53 > 2018-06-11 12:17 | Report Abuse

Pick up more at 0.55

Posted by 1774931129203279 > 2018-06-11 12:58 | Report Abuse

Coming

Posted by Vict > 2018-06-11 14:36 | Report Abuse

Because of this project , some people have cashed out. Malton has many projects, not only this one. This project has started, it is very likely to go ahead. :)

http://www.theedgemarkets.com/article/ttdi-vs-dbkl-new-court-date-june-13

Posted by Vict > 2018-06-11 14:40 | Report Abuse

Malton has so many projects, one project has review by the court... Already so nervous. This project is handled by a company where Malton only has 51% shareholdings :)

https://www.malton.com.my/construction/projects/

Posted by newrookie > 2018-06-11 15:17 | Report Abuse

So boring.. Maybe fly after raya. Now only accumulated mode..

Posted by l3ryan > 2018-06-11 15:32 | Report Abuse

need the news to neutralize for it to start moving up, in the meantime ignoring "rumors" the fundamental is intact

Posted by newrookie > 2018-06-11 16:21 | Report Abuse

I3ryan.. Yes at this time must hold the FA.. It will rebound but need a few more days.

Posted by Yong Chun Wah > 2018-06-11 16:58 | Report Abuse

Net assets per share (NAV) RM1.73. closing price = 55.5sen.... less than 1/3 of NAV. Also, pay dividend between 2.5 and 3 sen yearly. can accumulate a bit :)

Posted by l3ryan > 2018-06-11 17:10 | Report Abuse

Last minute went back 0.555, interesting

Posted by soon9913 > 2018-06-11 18:12 | Report Abuse

there is court hearing this Wednesday on the Tropicana land issue

Posted by soon9913 > 2018-06-11 18:12 | Report Abuse

I think likely they will lose the case .

Posted by soon9913 > 2018-06-11 18:12 | Report Abuse

but since the land is flat, even losing the land also not impact much..

Posted by Victor Yong > 2018-06-11 22:35 | Report Abuse

No worries. :)

“We hope FY18’s results will be better than FY17’s, driven by progressive billing of ongoing developments and upcoming launches. We have unbilled sales of RM1.2 billion, which will support our earnings for the next three years.”

https://www.pressreader.com/malaysia/the-sun-malaysia/20171123/281865823776560

Posted by Victor Yong > 2018-06-11 22:37 | Report Abuse

:)

Malton’s construction order book stands at RM1.8 billion, having secured six projects, including Pavilion Ceylon Hill, Pavilion Embassy, Pavilion Damansara Heights, Royal Pavilion Hotel and two others.

https://www.pressreader.com/malaysia/the-sun-malaysia/20171123/281865823776560

Posted by Victor Yong > 2018-06-11 22:43 | Report Abuse

Maybe, Malton BHD can make some deals with Pavilion REIT too :)


Pavilion REIT to finalise mall deal by year-end

MARCH 22, 2018 @ 12:08PM
BY SHAREN KAUR
PAVILION Real Estate Investment Trust (Pavilion REIT) expects to complete the acquisition of Elite Pavilion Mall this year, says Pavilion REIT Management Sdn Bhd chief officer Philip Ho.

Elite Pavilion Mall, an extension to Pavilion Kuala Lumpur Mall, opened its doors in late 2016.

The 10-storey mall with a net lettable area of 229,609 sq ft has over 70 brands with flagship stores such as Coach, Huawei, LEGO, MUJI and JD Sports, and King of Trainers.

The trust manager, Pavilion REIT Management Sdn Bhd, is buying the mall with related assets and rights for RM580 million cash from Urusharta Cemerlang (KL) Sdn Bhd (UCKL).

The acquisition is in line with Pavilion REIT’s strategy of acquiring yield-accretive income producing properties.

UCKL is owned by Pavilion REIT Management chairman and executive director Tan Sri Lim Siew Choon and Qatar Holdings LLC holding 51 and 49 per cent stake, respectively.

Pavilion REIT Management is managing RM5.7 billion worth of assets as at December last year.

Ho told NST Property the REIT market outlook this year was expected to be challenging due to poor consumer sentiment.

He said besides completing the Elite Pavilion Mall acquisition, Pavilion REIT would continue to evaluate potential properties and recommend to the board if it was yield-accretive.

Pavilion REIT, which owns Pavilion Kuala Lumpur Mall, Intermark Mall, DA MEN Mall and Pavillion Tower, said a revaluation exercise during the financial year ended December 31 2017 resulted in a surplus of RM17 million.

Meanwhile, Knight Frank Malaysia said established REITs continued to see opportunities in the crowded retail segment as many of their well-managed malls still maintained high occupancy levels of 85 per cent.

Investment activities in Kuala Lumpur are expected to remain stable this year, it added.

“The retail sub-sector is slightly more robust despite the supply glut as established fund/REIT managers are still achieving strong performance from their retail properties,” said Knight Frank Malaysia.

Posted by Victor Yong > 2018-06-11 22:45 | Report Abuse

Interesting article although in 2016 :)

https://www.edgeprop.my/content/pavilion-reit-still-has-appetite-more-buys

Posted by Victor Yong > 2018-06-11 23:08 | Report Abuse

Malton has a lot of investment properties as at 31.3.2018. :)

Investment Properties RM 172,871,000 (unaudited), can these properties be sold to any REIT to unlock its value? Revalue the properties before selling them :)

Posted by soon9913 > 2018-06-12 09:37 | Report Abuse

are those investment properties empty land for future development?

Posted by angelol > 2018-06-12 10:00 | Report Abuse

Investment properties is under MFRS140, you must lease out a property so that it could be called an investment property. All investment properties must be revalue on annual basis. Basic accounting.

Posted by Victor Yong > 2018-06-12 14:08 | Report Abuse

Shares issued=528.14mil.... investment properties was about rm172.87mil.... Investment properties per share=rm172.87mil /528.14=32.73 sen per share. Sell all the investment properties and return the money to the investors. :)

Posted by Victor Yong > 2018-06-12 14:10 | Report Abuse

If the price per share is 55sen... 55sen less 32.73sen = 22.27sen only if the investment properties are sold and the proceeds are returned to the investors :)

Posted by Victor Yong > 2018-06-12 14:13 | Report Abuse

During the coming AGM, shareholders should urge the BODs to dispose all investment properties and return the proceeds to them :)

Posted by Victor Yong > 2018-06-12 14:17 | Report Abuse

After disposing the investment properties, net assets per share is still more than RM1. If investors buy at 55sen per share now and after getting back 32sen+ , the actual cost of investment per share is only 20sen+ :)

Posted by Victor Yong > 2018-06-12 14:22 | Report Abuse

:)

Prospects for the next Financial Year Ending 30 June 2018
The Malaysian real GDP expanded by 5.4% in the first quarter of 2018 as compared to 5.9%
recorded in the fourth quarter of 2017 driven mainly by private sector activity with strong support
from net export.
The Malaysian economy is expected to grow favourably in 2018 with domestic demand remaining
as the key driver of growth and exports are expected to benefit from the favourable global demand
conditions.
In the meantime, the on-going development projects of the Group namely, The Park Sky Residence
and The Park 2 Residence in Bukit Jalil and Rapid City Centre in Johor, with a total unbilled sales
of RM1.05 billion as of 31 March 2018 together with the on-going construction contracts in hand
and in particular Pavilion Damansara Heights and The Pavilion hotel projects, will continue to
contribute positively to the earnings of the Group for the financial year ending 30 June 2018.

Barring unforeseen circumstances, the Board of Directors envisages the Group to achieve
satisfactory results for the financial year ending 30 June 2018.

Posted by Victor Yong > 2018-06-12 14:29 | Report Abuse

PE ratio = 2.76, ROE=11.44, DY=4.59%, one of the cheapest property stocks now :)

Posted by Victor Yong > 2018-06-12 14:30 | Report Abuse

Lelong season :)

Posted by Wai Yoong > 2018-06-12 22:30 | Report Abuse

I don’t get it what do you mean by a sign of reversal? Does that mean the share price will go up tmr?

Posted by Victor Yong > 2018-06-13 10:30 | Report Abuse

It should not blind investors on the profitability and growth of the company even without this particular project. If the project proceeds as usual, another plus factor only. :)

Posted by Victor Yong > 2018-06-13 11:52 | Report Abuse

:)

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.

Posted by soon9913 > 2018-06-13 13:54 | Report Abuse

anyone knows the outcome of the judicial hearing today?

Posted by soon9913 > 2018-06-13 14:46 | Report Abuse

http://www.theedgemarkets.com/article/ttdi-vs-dbkl-new-court-date-fixed-sept

Posted by soon9913 > 2018-06-13 16:55 | Report Abuse

boss not buying

Posted by JuniorInvestor > 2018-06-13 17:10 | Report Abuse

Anyone mind to summarize the litigatin case against Malton? based on the fundamental, it is undervalued with no doubt since the P/E is at such low level. What is the possible negative issues deter the investors enter this counter?

Posted by soon9913 > 2018-06-13 17:12 | Report Abuse

this room is so quiet, look like all runaway already. haha

Posted by Victor Yong > 2018-06-13 18:33 | Report Abuse

PETALING JAYA (June 13): The next hearing for the judicial review of the development at Taman Rimba Kiara (TRK) has been fixed at Sept 26 and 27 at the Kuala Lumpur High Court.

According to Save TRK media coordinator Khairudin Rahim, Judge Datuk Nordin Hassan who is the new judge presiding over the case had fixed the new hearing data today after the case management this morning.

The case was previously heard by High Court Judge Datuk Wira Kamaluddin Md Said, but he has since been promoted to the Court of Appeal.

Nordin had advised the solicitors in the case that he would be abroad for two months to perform the Haj pilgrimage, and had requested that they provide common free dates in September.

“Parties’ solicitors conferred on dates and matter has now been fixed for hearing on 26 and 27 Sept 2018,” said Khairudin via WhatsApp.

On Dec 14, 2017, the KL High Court had dismissed the stay application by residents pending a judicial review of the development order granted by Dewan Bandaraya Kuala Lumpur (DBKL) to Memang Perkasa Sdn Bhd, which Malton Bhd holds a 51% stake in.

The residents have been ordered to pay RM40,000 in legal fees incurred in the stay application.

However, despite a pending court hearing, Memang Perkasa had gone ahead to commence construction works in TRK, further infuriating the Taman Tun Dr Ismail residents.

A development notice board erected in the park stated that there will be an affordable housing scheme which is part of the controversial high-rise residential development proposed at the park.

Another notice board has been put up at the main entrance to the park stating that the Jalan Tun Mohd Fuad/Hj Openg entrance will be closed to the public while a temporary alternative route will be opened behind the guardhouse, from the longhouse site.

Segambut MP Hannah Yeoh had also lodged a report with the Malaysian Anti-Corruption Commission against landowner Yayasan Wilayah Persekutuan over the development.

Posted by Victor Yong > 2018-06-13 18:35 | Report Abuse

Normal objection by residents of the area and also accusation that dbkl has wrongly approved the project. Nowadays, quite normal for reviewing approved projects to evaluate transparency, etc of the former government. also, it is normal for residents to object by saying they need more green space, don't like congestion , this and that. :)

Posted by Victor Yong > 2018-06-13 18:38 | Report Abuse

So, now, the project continues as usual because the stay application by the residents had been dismissed previously. New hearing in sept :)



On Dec 14, 2017, the KL High Court had dismissed the stay application by residents pending a judicial review of the development order granted by Dewan Bandaraya Kuala Lumpur (DBKL) to Memang Perkasa Sdn Bhd, which Malton Bhd holds a 51% stake in.

Posted by Victor Yong > 2018-06-13 18:40 | Report Abuse

This is just one of the many projects of Malton. Also , Malton only has 51% stake in this project :)

Posted by Wai Yoong > 2018-06-13 19:14 | Report Abuse

So will it continue going down? Or 0.53 is its support level?