Posted by uptrending > 2018-08-14 22:41 | Report Abuse

From the charts of movement of the price and volume done since GE 14, it is very likely that most free float shares would have been SAPU by some big hands. The price charts since 14th May has traced out a potential "Cup and Handle" pattern. Right now, it is still at the Handle part. Once break out from 70.5, the upsurge has a potential target of 90 cents.

Just sharing. Not a buy or sell call. Trade at your own risks.

Good Luck!

Posted by sjy88 > 2018-08-15 08:27 | Report Abuse

Once it clear 70 cents, I hope it's an easy way up.

Posted by uptrending > 2018-08-15 08:54 | Report Abuse

GOB disposed off Da Men in 2016 and completed the sales in March 2016. Incidentally, the Quarterly results ending March 2016 reported a gain of RM93 millions for the disposal of a subsidiary. DA MEN was sold for RM488 millions.

Posted by uptrending > 2018-08-15 09:14 | Report Abuse

GLOBAL ORIENTAL BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2016
31.03.2016 31.03.2015 RM'000 RM'000 unaudited audited Cash Flows from Operating Activities Profit before taxation 83,664 58,812
Adjustments for:
Provision for liquidated and ascertained damages 6,392 12 Reversal of bumiputra quota penalties - (1,758)
Depreciation of property, plant and equipment 4,349 3,305
Property, plant and equipment written off 6,074 1,088
Inventories written off - 50 Waiver on late payment charges - 285 Provision for sales incentives 329 3,035
Gain on disposal of investment property (2,000)

- Gain on disposal of a subsidiary company (93,663) -


Loss on disposal of property, plant and equipment

........


Extracted from Bursamalaysia GOB MARCH 2016 QUARTERLY REPORT

Posted by txfs > 2018-08-15 10:33 | Report Abuse

For comparison purpose, Damen has NLA of 420920 square feet, while Pavilion Bukit Jalil has NLA of 1.8million sq feet. Damen was sold for RM488m. One thing you can guarantee is that Pavilion Bukit Jalil will worth a lot more than that.

Posted by txfs > 2018-08-15 10:37 | Report Abuse

And today, the share price still says that : buy MALTON and get shopping mall for free.

Posted by 叶子 > 2018-08-15 13:43 | Report Abuse

BJ Pavilion worth around 1,600m

Posted by uptrending > 2018-08-15 14:34 | Report Abuse

Sjy88

There is the cost to build the Mall..It costs a lot of money to build it.
The cost could easily exceed RM 1 billion...

Posted by sjy88 > 2018-08-15 14:36 | Report Abuse

TQ 叶子. That means 1600mil/528mil = RM3 potential special cash payout per share. However, Tan Sri will most likely use part of the money to pay for borrowings, and for future working capital. Let's discuss to quantify this together

Posted by JamesPond > 2018-08-15 14:49 | Report Abuse

Recently the Edge reported Canadian Pension Fund in negotiation to take up 49% of BJ Pavilion valued at RM200M to RM300M. Therefore at 100% BJ mall is approx RM400M to RM600M. Let's say it is RM600M. 18% goes to Ho Hup, thus left with RM492M. Less construction and development cost......not much profit from the Mall. Potential cash payout of RM3 per share seems quite optimistic

Posted by wonder > 2018-08-15 14:57 | Report Abuse

Comparing Damen to Pavilion BJCC, it shall be safe to assume the market value of Pavilion BJCC at RM1.6bil with 1.8m lettable area. However, refering to the earlier news article about Canadian Pension Fund interest in the ball at initial stage, the value is only 2-400mil with a GDV of 3b, i wonder what is the other cost that bring up the value of the mall? Looking at Malton's balance sheet, i believe that the construction cost of the mall will not exceed 1bil.

The mall aside, i believe Malton shall at least trading at 50% of its NTA at the current moment to be fair

Posted by 叶子 > 2018-08-15 15:11 | Report Abuse

sjy88, that is the price selling to pavreit, sure including the construction cost, assume net gain of 10%, that mean profit of 160m ,haha

Posted by uptrending > 2018-08-15 15:34 | Report Abuse

Da Men 420,920 NLA selling @rm488 million making a profit of about RM 90 million, means the cost is about RM 400 million, or rm900 per sq ft of NLA.

What would be the cost per sq ft for Pavillion BJC Mall with a NLA of 1.8million sq ft, taking into consideration the economy of scale?

Per sq ft of rm500 would be rm900 million, rm 600 would be RM1. 08 billion
rm700 would be rm1. 2 billion, rm800 would be rm1. 44billion.

Check out the balance sheet of Malton as of 31st March 2018, Developing Cost now is about rm1. 5 BILLION. PART of it should due to the Mall...

Posted by uptrending > 2018-08-15 16:08 | Report Abuse

Despite the large sum of property development cost in the Current Asset which also includes the costs of building revenue generating current projects like the Park Residence and Park 2, the borrowings are about only rm500 million.. It is still healthy.

Posted by sjy88 > 2018-08-15 17:42 | Report Abuse

There are many ways to rate Malton. Give PER5 of it's historical earning, should rate the company close to rm1. The sale of BJ pav will be added bonus.

Posted by sjy88 > 2018-08-16 14:15 | Report Abuse

KUALA LUMPUR (Aug 15): AllianceDBS Research said Malton Bhd (Malton) had on Aug 14 traded higher to 65 sen before closing near the day’s high at 64.5 sen (up 1 sen or 1.57%).

In its evening edition yesterday, the research house said Malton continued to trade above the 20-day (blue) and 50-day (red) moving average lines.

“Following the up close on Aug 14, the stock is likely to move higher with immediate hurdle at 66.5 sen.

“A crossover of 66.5 sen should see further price rise to the next overhead resistance zone, 70 sen – 71 sen.

“The support is pegged at 61 sen. A fall below 61 sen would put pressure on the stock down to the subsequent support zone, 56 sen – 57 sen,” it said.

AllianceDBS Research said stock volume traded on Aug 14 was 3.27 million shares compared to the 3-month average volume of 7.13 million shares.

Posted by uptrending > 2018-08-16 14:27 | Report Abuse

Free float become less and the shares most likely have been collected by big hands in view of the huge volume of 226 million shares transacted in July alone, and the price raised from low of 49 to a high of 70.5. That's why the volume transacted has become thinner. Unless big hands sell again to the market but there are funds looking at it like a hawk since Pavillion REIT now agrees to participate in the ownership of the Pavillion BJC Mall.

Tan Sri would ensure a fair deal and creates value for all.

:)

Posted by uptrending > 2018-08-16 15:15 | Report Abuse

http://www.theedgemarkets.com/article/malton-invites-pavilion-reit-participate-ownership-pavilion-bukit-jalil?type=malaysia

Posted by uptrending > 2018-08-16 15:31 | Report Abuse

List of the 30 largest shareholders as of 29 Sept 2017. Many funds.

MALTON BERHAD (320888-T)
132 Statement of Securities Holders
(cont’d)
THIRTY LARGEST SECURITIES ACCOUNT HOLDERS OF ORDINARY SHARES AS AT 29 SEPTEMBER 2017
Names No of Shares %
1. HSBC Nominees (Tempatan) Sdn Bhd
(Exempt AN for Credit Suisse)
62,500,000 11.84
2. RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Malton Corporation Sdn Bhd)
49,593,494 9.40
3. Alliancegroup Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Malton Corporation Sdn Bhd)
37,000,000 7.01
4. Maybank Nominees (Tempatan) Sdn Bhd
(Kuwait Finance House (Malaysia) Berhad for Malton Corporation
Sdn Bhd)
20,000,000 3.79
5. Prinsip Waras Sdn Bhd 18,600,000 3.52
6. Citigroup Nominees (Tempatan) Sdn Bhd
[(Employees Provident Fund Board (Amundi)]
15,000,000 2.84
7. Alliancegroup Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Malton Corporation Sdn Bhd)
14,187,995 2.69
8. Amsec Nominees (Tempatan) Sdn Bhd
(MTrustee Berhad for CIMB Islamic Dali Equity Growth Fund)
12,375,000 2.34
9. HSBC Nominees (Tempatan) Sdn Bhd
(HSBC (M) Trustee Bhd for Affin Hwang Select Asia (Ex Japan)
Quantum Fund)
11,430,200 2.17
10. Malaysia Nominees (Tempatan) Sdn Bhd
(Great Eastern Life Assurance (Malaysia) Berhad)
6,685,100 1.27
11. Cartaban Nominees (Tempatan) Sdn Bhd
(RHB Trustees Berhad for Manulife Investment Shariah Progress Fund)
5,319,000 1.01
12. Amanahraya Trustees Berhad
(Public Islamic Emerging Opportunities Fund)
5,171,700 0.98
13. HSBC Nominees (Tempatan) Sdn Bhd
(HSBC (M) Trustee Bhd for Affin Hwang Aiiman Growth Fund)
5,000,000 0.95
14. Su, Caifeng 4,634,700 0.88
15. LTK (Melaka) Sdn Bhd 4,567,300 0.87
16. Citigroup Nominee (Asing) Sdn Bhd
(CBNY for Dimensional Emerging Markets Value Fund)
4,431,000

Posted by uptrending > 2018-08-16 15:32 | Report Abuse

THIRTY LARGEST SECURITIES ACCOUNT HOLDERS OF ORDINARY SHARES AS AT 29 SEPTEMBER 2017 (Cont’d)
Names No of Shares %
17. Malton Corporation Sdn Bhd 4,250,000 0.81
18. CIMB Group Nominees (Tempatan) Sdn Bhd
(CIMB Commerce Trustee Berhad – Kenanga Growth Fund)
4,217,020 0.80
19. Citigroup Nominees (Asing) Sdn Bhd
(CBNY for Emerging Market Core Equity Portfolio DFA Investment
Dimensions Group Inc)
4,071,100 0.77
20. Citigroup Nominees (Asing) Sdn Bhd
(CBNY for DFA Emerging Markets Small Cap Series)
3,835,900 0.73
21. Malaysia Nominees (Tempatan) Sdn Bhd
(Great Eastern Life Assurance (Malaysia) Berhad)
3,536,800 0.67
22. CIMB Group Nominees (Tempatan) Sdn Bhd
[Exempt AN for Petroliam Nasional Berhad (Amundi Malaysia)]
3,300,000 0.62
23. Amanahraya Trustees Berhad
(Public Islamic Treasures Growth Fund)
3,031,700 0.57
24. Ambank (M) Berhad
(Pledged securities account for Lim Heng Han)
2,924,800 0.55
25. Malaysia Nominees (Tempatan) Sdn Bhd
(Great Eastern Life Assurance (Malaysia) Berhad)
2,859,300 0.54
26. CIMB Islamic Nominees (Tempatan) Sdn Bhd
(CIMB-Principal Islamic Asset Management Sdn Bhd for
Lembaga Tabung Haji)
2,698,800 0.51
27. Tan Teck Loong 2,601,500 0.49
28. Citigroup Nominees (Tempatan) Sdn Bhd
[Kumpulan Wang Persaraan (Diperbadankan)]
2,581,100 0.49
29. Citigroup Nominees (Tempatan) Sdn Bhd
(Universal Trustee (Malaysia) Berhad for CIMB Islamic Small Cap
Fund)
2,534,200 0.48
30. Yeoh Phek Leng 2,511,000 0.47
TOTAL 321,448,709 60.90

Posted by sjy88 > 2018-08-16 15:44 | Report Abuse

Top 30 hold up 61% shares, Tan Sri DL hold up 33% if not mistaken. Left perhaps 5 to 6% for retail investors like us.

Posted by uptrending > 2018-08-16 15:47 | Report Abuse

Walao! Tan Sri holds 37.4 %, and it is included in the top 30. Others in top 30 hold 23.5 %

Posted by nkk53 > 2018-08-16 17:58 | Report Abuse

A storm may be brooming

Posted by uptrending > 2018-08-16 20:35 | Report Abuse

Hahaha!

All the weak holders and short term speculators were swept out with the BIG BROOM!

What remains are real strong investors!

Posted by uptrending > 2018-08-16 20:52 | Report Abuse

Quote



(Reuters) - U.S. stock index futures rose on Thursday, helped by upbeat earnings, a dip in the dollar and after China said it will hold trade talks with the United States later this month.

Dated 16.08.2018

Unquote

Posted by nkk53 > 2018-08-17 08:36 | Report Abuse

Switch fr. Malakoff to malton

Posted by dabg > 2018-08-17 14:59 | Report Abuse

hmmm no movement

Posted by sjy88 > 2018-08-17 15:48 | Report Abuse

big movement in few weeks or months. I'll be patience here

Posted by nkk53 > 2018-08-17 18:07 | Report Abuse

Bought 0.64

Posted by Jack888 > 2018-08-19 17:51 | Report Abuse

side way....

Posted by 1214258703 > 2018-08-19 20:23 | Report Abuse

good to have sideway, every month can add position

Posted by l3ryan > 2018-08-20 12:57 | Report Abuse

Ready collect more 63

Posted by SuperVegetto > 2018-08-20 15:00 | Report Abuse

mari mari hom

Posted by l3ryan > 2018-08-20 15:03 | Report Abuse

Aiyar miss loading more !

Posted by Mokyoongseang > 2018-08-20 15:08 | Report Abuse

wah so sudden!

Posted by l3ryan > 2018-08-20 15:27 | Report Abuse

patiently waiting for rm1

Posted by ivan9511 > 2018-08-20 15:42 | Report Abuse

waAA, seem ADA power liao.
ok can buy now
seem solid uptrend pattern on the way
yes just buy
is safezon now
font a uptrend chart

Posted by ivan9511 > 2018-08-20 16:27 | Report Abuse

soon will break higher , watch carefully

Posted by nemesis > 2018-08-20 17:00 | Report Abuse

Why suddenly Move higher? Queing just now at 0.63 also failed to get...Missed the boat again

Posted by l3ryan > 2018-08-20 17:05 | Report Abuse

take note of the recent news development

Posted by YM Nic > 2018-08-21 14:45 | Report Abuse

Malton gt related to china project?

Posted by dabg > 2018-08-21 15:13 | Report Abuse

i dont think so..

Posted by sjy88 > 2018-08-21 15:15 | Report Abuse

Malton no China project. Malton busy with Bukit Jalil City and Pavilion project

Posted by wah168 > 2018-08-21 15:58 | Report Abuse

Cut lost

Posted by uptrending > 2018-08-21 18:36 | Report Abuse

I just remind myself of the dividend yield which is close to FD rate at current market price and the Pavillion BJC Mall which is now offer free to the shareholders as txfs kept reminding us. Many institutions are shareholders as well. Remembering the above facts, I have peace of mind and able to hold tightly my investment in this company.

Just sharing.

Posted by 1214258703 > 2018-08-21 21:38 | Report Abuse

hold only? I want to use my salary every month top up

Posted by uptrending > 2018-08-21 21:57 | Report Abuse

Great

Posted by nkk53 > 2018-08-22 10:58 | Report Abuse

Trapped between 0.63-0 67.Breakthru soon

Posted by txfs > 2018-08-22 12:31 | Report Abuse

For Pavilion BJC, it is going to be a partial stake sale since they said that it is an invitation for ownership. The construction cost could easily exceed 1billion and hence, the selling price should be a decent margin above the cost. The selling price will also depends on the stake percentage, as well as equity + borrowing mix.

Posted by txfs > 2018-08-22 12:33 | Report Abuse

If they can payout 50% of the sale proceed to shareholder, they are doing a very good job in adding shareholder value. Also, the remaining stake retained in the group will enhance future value of the company.