When Malton can reach 1.5?! I'm afraid only God will know. My opinion, speculators will very likely end up losing at the end of any bull circle but the investors will likely survive. No ones will know when Malton will go up. But, base on the NTA Rm1.58 , the company is healthy and sharing profit by given out dividen. Eventually, the share price will close near its NTA value. Recently, some signals show it likely to go up like 1) given good dividen 2) Private placement of higher price 3) low volume during the lasting sell off and foresee good revenue from Bukit Jalil projects.
i agree with you...Malton is gearing up for massive launchings and explosive net profits...Its landbanks are all in prime location...My TP will be 1.40 next yr...2015 will be the year Malton rake in huge profits that is more than any other yrs in the past due to 470 million unbilled sales, 400 million fm construction contract and profits fm land disposal...
icap had removed malton's buy call, saying reason is "uncertainty". however, they still maintain huayang's buy call. Why? huayang high gearing, lacking landbank, although low cost housing. Malton not consider high end, just mid cost housing. Trading at big discount to NTA with lots of landbanks. And it's that bad? wondering what's the reason. And ICAP never explain much, they just put one word: uncertainty. Well, ICAP also removed buy (or is it hold?) call from Tambun. So huayang is better then tambun? also wondering why. I find icap quite political sometimes.
fong7 tis is how the investment analyst make money...We must act opposite of what their 'call" is...When they recommended SELL, tat is the time u should buy...If they ask u to BUY that is the time u should start selling...they ask u to SELL is bcos they or their clients wanna accumulate cheap price from u...
Just friendly advice. Think twice whether investment analyst oblige to let you know counter good or not! Their duty are just make sure their investors making profit.
Angie, be patient...good fundamental company is usually slow and steadily moving up. Logically speaking, unless you buy company like Apple, WD-40, Tesla ... where they are uniquely control technology other can't offer. You won't see a company share price keep going up without reasons. Generally, valuation for property company are majority undervalue. Even a good growth company like Sunway just recently price close to their NTA. For Malton, compare to RM0.49 2 years ago, Rm 0.855 now is 75% up. Currently, the share price is 45% discount off their NTA. Maybe, should take it as good opportunity for us to invest/buy big discounted company. I'd think is better than buying over market value real estate. In no time, I beleive the price will be at least at their NTA. Furthermore, recent 1st Franche private placement of 20,000 shares price at RM1 shows that their price is really very very cheap, a real bargain...! Remember, offer may not last long....grabs it while it still available!
ya, i'm interested to know too. It seems only fully PP yet as its share price has been low. PP at 1.00 before share price is kind of a joke, investors can always buy from open market if they are not rushing to get a large stake.
Greenpower & fong7, check company announcement on 2/1/15, 20 million representing 4.68% of PP already listed. Balance 20m PP still pending confirmation
PP at RM1 while open market just around RM0.80+! Why investors still purchase PP instead of open market? This counter NTA worth Rm1.50+. A pretty healthy and positive growth company. At discount rate more than 40%, I'm sure those investors who subscribe PP will also purchase from open market. Just, how many people wiling to dispose at this discounted rate? The recent vol of trading prove that many are reluctant to let go this counter. So, imagine if the investors want to purchase 40 million shares or 400,000 lots from open market. Can they get below RM1? Or it should be more than RM1.5? On the other side, Rm1 representing 33% discount on the NTA. Frankly speaking, how many people want to sell their own healthy private company at 33% discount rate? Very likely these are 'Friendly Party' to the owner. What we should worry is not how much the share price now, but is whether the management is genuine and will not 'EATS' away our company like some others 'Big Crocodile' in Malaysia. If the management is genuine, then the share price eventually will reach what it should be. Happy investing. :)
Conversion for Malton-La is 1-1, by coming June, third batch of equivalent of 15% of original issued La will be force to redemption at Rm1 if not convert to Malton.
the LA and the mother share has a strange relationship before all the LA converting into mother share. Anyone has any idea of their relationship? key concern: is there a chance for the mother share or the LA to move above RM1 (the LA's conversion price)? Or, there shouldn't be any issue for both to move even far beyond RM1?
The relationship between La and mother is simple. 1-1 conversion anytime. If Malton fall below RM1. Malton-La will be at least RM1 because every quarter there will be approximately RM0.15 interest but won't be far above RM1 cause every June there will be a progressive increase %of La issued which are force to redempt at RM1 cash. So, La will only move far above RM1 if Malton move higher than RM1. However, Current Malton NTA is RM1.57 and the projects in Jalil like Pavillion 2 already 1 floor up and tenants already starts queuing to book a place. So, mid term should be looking good.
MirageHotelPD, I haven't seen any update on Pavillion 2 project, Malton is really super weak on IR. So you know it's in progress just fine? What's the estimated completion date? 2016? Thank you for your info, appreciate that very much.
what all the analyst and investment house wrote so optimistic about MaLTON never come true...OR they are trying to lie to us so that we will support its price when they are all dumping fm the top...
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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....
MirageHotelPD
1,097 posts
Posted by MirageHotelPD > 2015-01-02 15:26 | Report Abuse
When Malton can reach 1.5?! I'm afraid only God will know. My opinion, speculators will very likely end up losing at the end of any bull circle but the investors will likely survive. No ones will know when Malton will go up. But, base on the NTA Rm1.58 , the company is healthy and sharing profit by given out dividen. Eventually, the share price will close near its NTA value. Recently, some signals show it likely to go up like 1) given good dividen 2) Private placement of higher price 3) low volume during the lasting sell off and foresee good revenue from Bukit Jalil projects.