Posted by l3ryan > 2018-08-23 09:13 | Report Abuse

Miss the chance to collect again from the drop on Tuesday after TunM announce ECRL project cancel... all the construction related stocks also drop even though in this case Malton has no relation

Posted by sjy88 > 2018-08-23 09:47 | Report Abuse

hi txfs, if it is going partial stake sale, does it mean Malton will continue to have sizable shares in BJ Pavilion, and that Malton get to earn recurrence stable income through BJ Pavilion rental?

Posted by wonder > 2018-08-23 10:55 | Report Abuse

No one mention about the ready to let out menara khuan choo

Posted by Lim Tek Wai > 2018-08-23 11:11 | Report Abuse

Very interesting stock ! Worth to invest tho

Posted by jacksonfoo88 > 2018-08-23 13:47 | Report Abuse

legend is back!!!

Posted by wonder > 2018-08-24 08:47 | Report Abuse

www.thestar.com.my/metro/metro-news/2018/08/10/dbkl-will-not-have-to-pay-compensation-mayor-payment-to-developer-should-come-from-landowner/

Good news that most likely this project will not be scrapped but more towards scaling down

Posted by uptrending > 2018-08-24 08:58 | Report Abuse

http://www.theedgemarkets.com/article/tun-daim-met-ttdi-ra-today-said-sources

Now Tun Daim came in the picture.
A businessman cum politician would be able to find an amicable solution.

Huat ah! :)

Posted by txfs > 2018-08-24 09:11 | Report Abuse

wonder, thanks for mentioning menara khuan choo. In 2015 annual report, the company mentioned that it will be retained as an investment and is expected to be completed by end 2017. I am not quite sure about the construction progress, but future earning will be further enhanced by this prime asset located adjacent to Pavilion Bukit Bintang.

Posted by jordanmaggie61 > 2018-08-24 10:03 | Report Abuse

Wow! earn more again! good stock, i have earned a lot to pay my bills.

Posted by Yael Jasper > 2018-08-24 10:22 | Report Abuse

This stock become stronger and stronger, worth to invest

Posted by sjy88 > 2018-08-24 13:10 | Report Abuse

Agree, and waiting for our 4% dividend this October

Posted by uptrending > 2018-08-24 14:27 | Report Abuse

2.5 % dividend is the minimum... Could be more... Anything more than 2.5 % which yields 4% is a bonus!

Couldn't understand why those people sell leh!
Don't think they are making money or much money! And they are giving THE BJC MALL away for free!

Posted by uptrending > 2018-08-24 16:17 | Report Abuse

Malton Malaysia
RNAV ESTIMATE
Extracted from
SOURCE :A NOT RATED NOTE, RHB RESEARCH DATED 6 FEBRUARY 2017.

Projects Location, Land size(acres), GDV(MYRm), Effective stake, NPV@11% (MYRm)

Ukay Spring Selangor 56 600 100% 30.5
Sungai Buloh Selangor 12 300 100% 18.8
Sungai Long Selangor 41 500 100% 33.0
Bukit Jalil City KL 50 2,200 100% 201.8
Taman Tun Dr. Ismail KL 12 3,700 51% 111.8
Amaya Duta Jalan Kuching KL 5 1,100 100% 88.7
Nova Pantai, Pantai Dalam KL 7 950 100% 76.6
Rapid City, Pengerang Johor 200 550 100% 52.8
Total 9,900
Total projects DCF 614.0
Land held for development (book value) & property dev. cost 1,189.3
Unbilled sales 137.5
Total value for property development 1,940.8

Earnings (MYRm) PE target (x) Equity value
Construction 11.0 6 66.1

Property asset value 103.0
Total value 2,109.9
Net current assets less property development (27.1)
Long term liabilities (308.9)
Warrants conversion 139.3
Total RNAV 1,913.1
FD Shares base (mil) 656.6
RNAV per share (MYR) 2.91
Discount?
Indicative TP (MYR)?

DISCLAIMER : No guarantee of the accuracy of the ESTIMATES. For reference only. Please do your own research.

=======================================

TAKE AWAY the controversial TTDI project and the warrant conversion as none or negligible warrants was converted
TOTAL RNAV = 1913.1M-- 111.8M= 1801.3M
No of share, to date = 528M

RNAV PER SHARE = 1801.3/528=3.41

DISCOUNT..... INDICATIVE TP
50 %.................1.70
60 %.................1.36
70%..................1.02
80%..................0.68

Please note that no value was attached to the Pavillion BJC Mall which is being constructed.

DISCLAIMER
Not a buy or sell recommendation. Just a sharing of homework. Trade at your own risk.

Posted by 叶子 > 2018-08-24 16:42 | Report Abuse

may be cause by HIGH BORROWING

Posted by sjy88 > 2018-08-24 17:04 | Report Abuse

uptrending, wah, this one is even without BJC Pavillion put in calculation...
DISCOUNT..... INDICATIVE TP
50 %.................1.70
60 %.................1.36
70%..................1.02
80%..................0.68

Posted by uptrending > 2018-08-24 17:12 | Report Abuse

叶子
As of 31st March 2018, total borrowing is rm512M, equity rm1056 M. Borrowing to Equity is 0.48, should be OK.
24/08/2018 17:11

Posted by uptrending > 2018-08-24 17:25 | Report Abuse

SORRY CORRECTION TO TAKE AWAY THE PROCEED OF THE WARRANT CONVERSION RM139.3M AS NO WARRANT WAS CONVERTED

TAKE AWAY the controversial TTDI project and the warrant conversion as none or negligible warrants was converted
TOTAL RNAV = 1913.1M-- 111.8M--139.3= 1662
No of share, to date = 528M

RNAV PER SHARE = 1662/528=3.14

DISCOUNT..... INDICATIVE TP
50 %.................1.57
60 %.................1.25
70%..................0.94
80%..................0.63

Please note that no value was attached to the Pavillion BJC Mall which is being constructed.

DISCLAIMER
Not a buy or sell recommendation. Just a sharing of homework. Trade at your own risk.

Posted by sjy88 > 2018-08-25 10:35 | Report Abuse

Malton is at 80% discount, if some other hostile parties has the money they will do hostile takeover to buy out the remaining 40% from the market.

Posted by sjy88 > 2018-08-27 11:01 | Report Abuse

Banker is testing your patience now

Posted by sdu2775b > 2018-08-27 11:10 | Report Abuse

malton and wct seem alway move up and down
together. any reason why malton move downward now?

Posted by jacksonfoo88 > 2018-08-27 11:49 | Report Abuse

malton is uptrending now keep from 0.625-0.635

Posted by SuperVegetto > 2018-08-27 12:07 | Report Abuse

looks like today is forming a bullish hammer, last call guys, the rocket will be launch soon. fasten ur seatbelt

Posted by swtue2 > 2018-08-27 12:09 | Report Abuse

result will be out by this week?

Posted by l3ryan > 2018-08-27 14:21 | Report Abuse

miss collecting again...

Posted by 叶子 > 2018-08-27 16:07 | Report Abuse

slowly collect and keep

Posted by uptrending > 2018-08-28 08:19 | Report Abuse

TSRDL
converted 29,054,176 RCSLS to shares in 2017.
Bought 3,200, 000 shares in the open market in April 2018 at prices ranged 75-86
Bought 6, 800,000 shares in the open market in May 2018 at prices ranged 54.5-59.5
Total bought 10,000,000 shares in April and May 2018 at estimated average price of around 65..

The AVERAGE COST for the newly acquired shares since mid 2017 is
(29,054,176+6,500,000)÷39,054,176=0.91

The average cost of the above block of shares is 91sen.

This shows that TSRDL has a lot of confidence in the company.

Posted by nkk53 > 2018-08-28 10:35 | Report Abuse

Pick up more at 0.615

Posted by l3ryan > 2018-08-28 10:41 | Report Abuse

Possibly the Quarter results are not that ideal

Posted by uptrending > 2018-08-28 11:19 | Report Abuse

Expect it not to be as good as the 4th Quarter last year as the Signature Shops in BJC were handed over in that quarter. But most likely the full year results this year is much better than that of last year.

Anyhow the dividend yield at current price 61sen is slightly more than 4%.. Good enough incentive for me to hold this undervalued stock.

:)

Posted by SuperVegetto > 2018-08-28 20:00 | Report Abuse

break below 0.63, short term reversal already.. maybe making second bottom. it could hit back 0.52~0.55

Posted by uptrending > 2018-08-28 21:34 | Report Abuse

First support @61 sen

Strong support @60
50% Fibonacci Retracement is the strongest, 50% of 49-70.5 is 59.75
Round it off to 60 sen...

Volume thinner... Selling pressure subsiding...

A lot of shares have been collected by big hands especially during the up leg from 49 to 70.5

Posted by uptrending > 2018-08-28 21:59 | Report Abuse

BJC Park Sky Residence, GDV is about rm1 billion. Work progress and progress billings is gaining momentum. The structural works has already reached the top floors for ALL the 4 towers a few months ago. The interior works could progress very fast now. Parts of the road and drains have also been built. The Park Sky Residence is projected for completion by early 2019. (Maybe within FY 2019 if can hand over before June 2019)

This coming quarter results may reflect.
Park 2, both Tower 1 and 2, 90% sold. GDV for Park 2 is about rm700 millions. It will contribute towards FY19 earnings together with revenues from the Park Sky Residence.

Not to forget the contributions from the Construction division. Domain Resources Sdn Bhd is doing very well with both the internal and external jobs (Pavilion Damansara Height and Pavillion Hotel Bukit Bintang). Noted that Domain Resources implemented cost saving measures and value engineering like IBS (Industrial Building System), profits have been going upwards since last FY.

I see a gem in this company. There is also a jewel in Pavillion BJC Mall. Who can run a better Mall business than Pavilion and TSRDL?

I will sit tight to collect dividend and wait for the harvest. hihi

Posted by nemesis > 2018-08-28 22:04 | Report Abuse

I totally agree with you Bro...

Posted by sjy88 > 2018-08-28 23:20 | Report Abuse

@uptrending, that's very convincing data and analysis! I like

Posted by fong7 > 2018-08-29 10:01 | Report Abuse

how to explain the depressing share price in past few years? Even when Najib bro is PM?
if malton's management and major shareholders decides to let its share remains as a hidden gem forever, then it can only be a value trap that won't benefit minority shareholders. As for the major shareholders, their purpose of holding the stake is for control power of the company instead of capital gain of trading the shares.

Posted by jacksonfoo88 > 2018-08-29 10:06 | Report Abuse

today QR!!!!!

Posted by uptrending > 2018-08-29 11:02 | Report Abuse

Malton is transforming and growing. It is still a very young and medium size property company. Can see that it is gaining strength. Unbilled sales first time exceed rm1 billion is record breaking. It is now taking bigger and more prominent projects like BJC and TTDI.

I think the new MD, Mr Lim Siew Fai, who joined the company about 2 years ago, a 1st class degree in Engineering, with valuable experience in the corporate world, could accelerate the transformation and improve the productivity.

My 2 cent.

Posted by uptrending > 2018-08-29 11:15 | Report Abuse

MALTON BERHAD (320888-T)
6 Board of Directors
(cont’d)
LIM SIEW FAI
Malaysian Male/Managing Director
Mr Lim Siew Fai, age 50, graduated with a Bachelor of Science degree in Electrical Engineering (First Class
Honors) from the State University of New York at Buffalo, New York in 1991. Subsequently in 2000, he received
his Masters in Business Administration (MBA) from Universiti Sains Malaysia, Penang. He began his career with
Motorola Technology Sdn Bhd, a Multi National Company (MNC) in 1991 and his last posting with Motorola was
as a Regional Electronics Manufacturing Services Operations Director based in Singapore. In early 2014, he
joined Impian Ekspresi Sdn Bhd as a Special Projects Director for the redevelopment of Damansara Town Centre,
a multi billion Ringgit mixed development project. He brings along with him a wealth of regional management
expertise from his 22 years’ experience in a MNC and coupled with his involvement in property development, his
exposure is valuable to the Group’s property development in terms of cost, quality and delivery performances.

Posted by JamesPond > 2018-08-29 12:06 | Report Abuse

Lim Siew Fai...Motorolla..hmmmm..only good for making handphone wor. That also went bust bcos couldn't catch up with technology advance. Malton property developer. So what good is a 1st class degree in hand phone making fellow for a property developer???

Posted by uptrending > 2018-08-29 12:48 | Report Abuse

Management is the key. Result speaks. hihihi

Posted by uptrending > 2018-08-29 12:51 | Report Abuse

Delivery system and profitability are improving as I see it.... :)

Posted by digi2222 > 2018-08-29 13:26 | Report Abuse

when QR out ?

Posted by sjy88 > 2018-08-29 13:38 | Report Abuse

@JamesPond, motorala not only making handphone leh, it's walkie talkie and radio frequency products are top notch and military grade. Agree with uptrending, management experience is key

Posted by sjy88 > 2018-08-29 13:40 | Report Abuse

@fong7, don't forget that Malton hit high of RM1.7 before, like last year or 2 years back....if the big shareholder or big bankers want to suppress the price, what can small investor like us do? WE can only ride with them

Posted by uptrending > 2018-08-29 14:13 | Report Abuse

Check it out yourself, the AR 2017 has a section on "Management Discussion and Analysis", after the Chairman Statement. It mentioned how the management is enhancing values. Incidentally, the new MD reporting for the first time in AR.

Previous years it was simplistic "Operation Reviews"

Hopefully, value enhancement for the company and shareholders are ongoing with new management insights.

Posted by ivan9511 > 2018-08-29 14:18 | Report Abuse

柏威年产托（PAVREIT,5212,主板产业投资信托组）签署协议，将参与马顿（MALTON,6181,主板产业组）在武吉加里尔的零售商场发展计划。
柏威年产托（PAVREIT,5212,主板产业投资信托组）签署协议，将参与马顿（MALTON,6181,主板产业组）在武吉加里尔的零售商场发展计划。

柏威年产托与马顿的共同大股东为丹斯里林晓春，他分别持有两家公司27.9%及35.53%股权。

马顿表示，该商场共有5层零售空间及两层停车场，并暂时名为武吉加里尔柏威年。

众所周知，柏威年商场是金三角最高档的商场，亦是大马地标商场之一，不管是出租率或人流皆让人满意，且柏威年商场屡屡获奖，深受各界人士喜爱。

回看柏威年产托，上市以来其股价从88仙涨至1令吉59仙，涨幅达71仙或80.68%，表现相当亮眼。

为人低调的林晓春深谙商场营运之道，尽管武吉加里尔柏威年并未公布太多详情，但从布局及商场命名来看，林晓春应当在摩拳擦掌，准备在竞争还不算太剧烈的武吉加里尔打造新的商场地标，进一步扩增商场王国。

以林晓春的本事而言，打造高档商场相信不是问题，问题是国内商场供过于求，继续增建新商场，市场有能力消化吗？

2017年国家银行前总裁丹斯里慕哈末伊布拉欣曾表示，巴生河流域全长40公里的白蒲大道（LDP）就有20家商场，其密度比香港及上海还要密集。

这还不包括今年会增加的新商场。

房产公司亨利行（Henry Butcher）数据显示，仅2018年巴生河流域至少迎来17家商场，面积多达595万8000英尺。

按worldpopulationreview网站数据，截至2016年为止，巴生河流域人口为720万人，而市场预测2020年时，人口可增加至781万1842人。

区区数百万人，足以支撑一系列新商场发展吗？这恐怕只能由市场来回答了，毕竟看不见的手，自然会把不合理现象拨乱反正。

对以开发商场为核心业务的林晓春来说，武吉加里尔柏威年会不会是回答这些问题的最佳答案？

http://www.sinchew.com.my/node/1785829/谢汪潮‧林晓春的答案

Posted by uptrending > 2018-08-29 14:24 | Report Abuse

林晓春肯定有答案。经营大商场，如果柏威年与林晓春认第二，可能没有人敢认第一。呵呵。

Posted by ivan9511 > 2018-08-29 14:25 | Report Abuse

he maybe will limit uppp this
WCT and Malton
maybe Malton

Posted by uptrending > 2018-08-29 14:57 | Report Abuse

“为人低调的林晓春深谙商场营运之道，尽管武吉加里尔柏威年并未公布太多详情，但从布局及商场命名来看，林晓春应当在摩拳擦掌，准备在竞争还不算太剧烈的武吉加里尔打造新的商场地标，进一步扩增商场王国。”

武吉加里尔柏威年，可以脱颖而出。更何况武吉加里尔没有大商场。

Posted by uptrending > 2018-08-29 19:22 | Report Abuse

Pavilion Damansara Heights with GDV of approximately RM7 Billion.

Domain Resources Sdn Bhd, a 100 % subsidiary and the construction arm of Malton has secured a RM703 millions contract for the demolition, foundation, retaining walls, car parks and the retail podium.

More jobs are up for grab. Would Domain Resources Sdn Bhd be awarded further contracts for the Pavillion Damansara Heights project which would be completed only by 2021/2022. I personally think that the chance of securing another major contract is likely.

https://www.edgeprop.my/content/rm7b-pavilion-damansara-project-start-2q2016