Posted by hng33 > 2015-09-21 17:39 | Report Abuse

kahhoeng

I opt to cut loss first in Puncak is solely based on personal portfolio adjustment, and based on calculated risk as i confident able recoup back from bargain Maybank at RM 8.41.

Posted by sudahkena > 2015-09-21 18:00 | Report Abuse

Ithink u will buy.. but u sell...

Posted by hng33 > 2015-09-21 18:28 | Report Abuse

As said previously, big capital cannot tight too long...initially taught is 1 Oct, but now seem need to wait until 15 Oct and coincidentally, Myabank is on big bargain today, therefore......

Posted by Roger123 > 2015-09-21 19:23 | Report Abuse

Target jaks 0.80. Hope i can get in. Time to falll

Posted by upsidedown119 > 2015-09-21 19:24 | Report Abuse

As I have said, hng33 is a stock market roller. He rolls the stock market like a casino. Maybe only Roger123 can follow his style!

Posted by upsidedown119 > 2015-09-21 19:28 | Report Abuse

Today's sell-down also affected by FBI starting to probe on 1MDB.

Posted by hng33 > 2015-09-21 20:22 | Report Abuse

Hahaha, I buy low, sell lower, of course, realize loss, but will recoup back in Maybank later, still better than clown Roger pump high dump low, lol

Posted by hng33 > 2015-09-21 20:26 | Report Abuse

Upsidedown119

I am active trader, take both calculate risk and calculate target reward, so far, my odds is about 0.7x win vs. 0.3x loss, net still gain, compounded and rolling again hahaha.

Posted by hng33 > 2015-09-21 20:33 | Report Abuse

Upsidedown119

After so many round of trade on Maybank, you still think Maybank share is ocean bottom!? Let's see what Maybank will perform in next few days again.

Posted by Roger123 > 2015-09-21 20:35 | Report Abuse

Hng: I like u, so funny the way u defend urself. I think i fall in love with this singkalan hng

Posted by MoneyInTheAir > 2015-09-21 20:43 | Report Abuse

http://www.theedgemarkets.com/my/article/federal-court-throws-out-syabas-appeal-upholds-pua-not-liable-defamation
any impact?

Posted by hng33 > 2015-09-21 20:47 | Report Abuse

Hahaha, buy low, sell lower, of course realize loss, a big loss, admit it and realize these loss with open heart, Nothing to hide, nothing to twist and willing to accept it which is part of the my own investment strategy risk and responsible own decision making.

More importantly, I explain throughly here that it is my solely own decision making and personal portfolio adjustment, just wish to inform clearly.

Posted by hng33 > 2015-09-21 21:17 | Report Abuse

More importantly, after I recoup back my loss, I will buyback again Puncak when time is closer to the final take over next month. Puncak is still under my radar, it's special dividend of RM 1/share is just too hard to resist :D)

Posted by upsidedown119 > 2015-09-21 21:38 | Report Abuse

Good to have laughter in the forum. Maybank is ocean bottom only if fall below the support level (strong) of 8.20.

Posted by saschl > 2015-09-21 21:51 | Report Abuse

Hello possible to wait for M2U at 4.00 boh? Thkq.

Posted by upsidedown119 > 2015-09-22 09:38 | Report Abuse

saschl. Don't know. Present sell-down in Malaysia is because of both economic and political fundamentals.

Posted by ec1705 > 2015-09-22 09:55 | Report Abuse

hng33, man of your word, salute.

Posted by ehteoh13 > 2015-09-22 11:57 | Report Abuse

The EPS forecast downgrade for Puncak Niaga by Affin Hwang,dont know should enter this ctr

Posted by jacklintan > 2015-09-22 12:20 | Report Abuse

fly kick the downgrade. Puncak will give out good news soon. What are u all waiting for?

Posted by ehteoh13 > 2015-09-22 12:58 | Report Abuse

they keep delay and cause opportunity
lost....

Posted by money888 > 2015-09-22 13:46 | Report Abuse

today so quiet...

Posted by sudahkena > 2015-09-22 14:13 | Report Abuse

Cong to media n research house..made ppl no confident to ths counter..

Posted by kahhoeng > 2015-09-22 15:40 | Report Abuse

guess until 1.5553 bil is announced transferred to complete the deal will we see higher valuation, that would be another 0 - 23 days. Sigh!

Posted by kahhoeng > 2015-09-22 16:07 | Report Abuse

Will Puncak benefit from it? If I were not wrong, Puncak has 250 acres of land there too, that's RM 125 million worth of land.

http://www.theedgemarkets.com/my/article/eco-world-buys-26-parcels-land-rm15b-township-kuala-selangor?type=Corporate

KUALA LUMPUR (Sept 22): Eco World Development Group Bhd ( Valuation: 0.90, Fundamental: 0.85) is acquiring 26 pieces of leasehold land in Kuala Selangor, with a collective land size of 2,198.40 acres (0.81ha) for RM1.181 billion, cash.

In a filing with Bursa Malaysia today, Eco World said its wholly-owned subsidiary Paragon Pinnacle Sdn Bhd has signed five separate conditional sale and purchase agreements (SPAs) with four vendors for the proposed acquisition.

It expects the proposed acquisitions to be completed by the second quarter of 2016.

The indicative market value of the lands, as appraised by Henry Butcher Malaysia Sdn Bhd via its valuation letter on Sept 21, was RM1.1896 billion, hence the purchase price represents a discount of approximately 0.7% of the market value of the lands, said Eco World.

Eco World said it intends to develop the lands into a self-contained township with a potential gross development value of approximately RM15 billion, based on preliminary management estimates.

According to the property developer, the proposed development is expected to be developed over a 15-year period.

“Paragon Pinnacle is currently in the initial stages of development planning and as such, is unable to ascertain the expected costs required for the development to be undertaken on the lands,” it added.

According to Eco World, the developments planned on the land comprise a mixed eco-township named ‘Eco Gardens’ (1,400 acres), an integrated and gated industrial hub ‘Eco Business Park V’ (518 acres), and an affordable homes’ portion to be known as ‘Laman Indah’, which will be built on the remaining 280 acres.

The filing stated the lands are located in the north west of Klang Valley and are approximately 45km from the Kuala Lumpur city centre and 40km from the Petaling Jaya city centre.

The lands are well connected to established suburban centres such as Kota Damansara, Shah Alam and Sungai Buloh via major roads — Jalan Batu Arang, Persiaran Mokhtar Dahari, Jalan Meru Tambahan and Jalan Kuala Selangor, as well as existing highways such as the LATAR Expressway, North-South Expressway and Guthrie Expressway.

“The accessibility to the lands is expected to be enhanced with new proposed expressways including the West Coast Expressway,” the filing added.

Eco World said the proposed acquisitions will provide the group with sizeable tracts of lands in the North-Western growth corridor of the Klang Valley, enabling it to establish a dominant presence in this area with access to a new market catchment to complement its strong township positioning in the South-Western and South-Eastern corridors.

“The lands’ location in an emerging growth corridor with access to the ports and major suburban centres is ideal for the group to replicate the success it has achieved in Iskandar Malaysia,” it added.

On funding, Eco World said the earnest deposit was funded via internal funds whilst the balance is expected to be funded through a combination of internal funds, bank borrowings and/or equity funding.

“Nonetheless, the actual amount required by Eco World to fund the proposed acquisitions can only be determined at a later stage and the source of such funding will be decided after taking into consideration the gearing level of the group,” it added.

In this regard, Eco World also said it is looking at a partnership for growth business model, whereby it will invite like-minded institutional, private equity and/or corporate partners to co-invest and fund Paragon Pinnacle, which will result in a potential reduction of Eco World’s stake in Paragon Pinnacle.

This, in turn, will bring a corresponding reduction in its obligations to fund the proposed acquisitions.

“Under the business model, we intend to retain a minimum of 30% equity stake in Paragon Pinnacle to ensure that the group will continue to enjoy a meaningful share of the development profits,” it added.

Posted by hng33 > 2015-09-22 17:01 | Report Abuse

2,198.40 acres = RM1.181 billion
250 acres = RM 134m...I think no much different if compared to Puncak current landbank book value

Posted by hng33 > 2015-09-22 17:10 | Report Abuse

In the Puncak latest annual report, stated that the actual value for these leasehold land (still have 89 year remain) already accord it as book value value at RM 136.3m.

Posted by kahhoeng > 2015-09-22 17:17 | Report Abuse

hng33, my mistake, its actually 280 acres in Kuala Selangor. I had earlier wondered if there's any value left in Puncak asset and put a lower value given its distance from KL. With this news, I suppose Kuala Selangor is not far by Selangor standard.

The land is not cheap in Puncak annual report either, around 500+k as well. Its value is not much if it can be developed into property. With Eco World's involvement, guess Puncak can gradually develop its 280 acres and turn them into cash.

Its definitely better than the 0 value based on so many banks' anal-ysts!

Posted by Roger123 > 2015-09-22 18:04 | Report Abuse

Gogogo maybank

Posted by Roger123 > 2015-09-22 18:05 | Report Abuse

My dear liar hng: how is ur maybank

Posted by LHKOAY > 2015-09-22 18:50 | Report Abuse

hope puncak will limit up ....just like rozali another company ( triplc bhd )

Posted by upsidedown119 > 2015-09-22 19:22 | Report Abuse

Yeah, Puncak likely to limit up soon!

Posted by sudahkena > 2015-09-22 19:50 | Report Abuse

Too long holding ths counter.. tired already

Posted by kahhoeng > 2015-09-22 21:11 | Report Abuse

sudahkena, same feeling here, so near yet so far... another 0 - 22 days to wait!

Posted by cheoky > 2015-09-22 21:37 | Report Abuse

So near yet so far

Posted by hng33 > 2015-09-23 08:56 | Report Abuse

I have sold some Maybank yesterday at 8.52, and keep balance for higher profit margin (still pending dividend declaration), recoup back some 4D to mitigate loss in 5D Puncak. Still need to put more effort to rolling more profit in order to recoup back back loss. Hope still can achieved by end of these month, so that can re-enter to Puncak again before it gap up again, time is getting closer to its take over time.

Posted by ckk2266 > 2015-09-23 09:03 | Report Abuse

Rozali's Triplc limit up again...

Posted by hng33 > 2015-09-23 09:09 | Report Abuse

I have bought back again Maybank at 8.39, rolling again, hope can reap more profit, recoup back Puncak loss, and re-enter Puncak before its either gap up or even better limit up once announce completion of the deal

Posted by lhkoay > 2015-09-23 09:24 | Report Abuse

thats why maybe puncak can limit up cause 1.6b and triplc only 140m

Posted by kahhoeng > 2015-09-23 10:17 | Report Abuse

from CIMB

Eco World Development Group Bhd - Surprise analyst briefing
Eco World held an analyst briefing today to announce acquisition of a large tract
of land and to explain its new asset-light JV partnership strategy. Acquisition of
2,198 acres of land in Klang Valley for RM1.18bn or RM12.34 psf is positive, as
market price of land in the area is easily RM20-25 psf. RM3bn sales target for
FY15 is intact and new landbank to boost GDV to RM75bn.

Very geng, market price of land in Kuala Selangor is easily RM 20-25 psf. Err... when evaluating Puncak, with its around 280 acres land there, shouldn't that easily worth RM 240 - 300 millions then? Wonder if this is bias or ignorance?!?

Posted by cheoky > 2015-09-23 10:24 | Report Abuse

bro kahhoeng, u seemed a bit over analyse this puncak. we can do nothing now but wait. u are right is not dependent on other opinions or ahmad maslan type of analysts. take them as reference only. u are right cos your own analysis tell you so, then wait for the best outcome. if cant, do some prayer to spend out your energy. ^.^ i am bored of waiting too but what can i do, either jump up and down or relax and do other things while waiting for best outcome...

Posted by Roger123 > 2015-09-23 10:35 | Report Abuse

Y u all like to make dream?

Posted by Roger123 > 2015-09-23 10:36 | Report Abuse

?????? Dream dream dream. But will make ur dream comes true. Hahahha

Posted by LHKOAY > 2015-09-23 11:21 | Report Abuse

roger123 , got buy got hope solid company lol ,

Posted by money888 > 2015-09-23 13:10 | Report Abuse

Roger buy or sell?

Posted by kahhoeng > 2015-09-23 14:13 | Report Abuse

Cheoky, you have a point...off to bookstore for reading

Posted by sudahkena > 2015-09-23 15:05 | Report Abuse

http://www.therakyatpost.com/letters-from-the-rakyat/2015/09/23/after-khalid-is-azmin-next-to-go/

Posted by Roger123 > 2015-09-23 15:32 | Report Abuse

hng sold i will buy, Hahahahha

Posted by sudahkena > 2015-09-23 15:56 | Report Abuse

Hng buy back....?

Posted by mywb > 2015-09-23 16:16 | Report Abuse

careful guys..http://www.puncakniaga.com.my/images/latestnews/2015/Sept/SEPT22/BERITA%20HARIAN-SPAN%20TAK%20TERIMA%20PERMOHONAN%20LAKSANA%20AGIHAN%20CATUAN%20AIR%2022%20SEPTEMBER%202015%20MS-26.png

Posted by mywb > 2015-09-23 16:20 | Report Abuse

hope u all understand why it is taking so long because it is not even started !