Posted by paperplane2016 > 2016-04-27 21:55 | Report Abuse

Today purposely panic selling style in view of 1mdb news
After this many idiots cut loss in fear.

Now new bnm Governor known. Also myr goes back up! The MKT react fast!
Tomolo with no more jokers selling, you think will limit down or up ah???

I guess limit down lah, of not later ppl keep cursing me, sell to me please early morning, I got 1mil in hand, maybe another million won't mind my fund mgr.

Posted by Jolin Lai Chi Pet > 2016-04-27 21:56 | Report Abuse

yes, I agree with Paperplane.............i predict at least 5 times of LIMIT UP before raya.

Posted by paperplane2016 > 2016-04-27 21:58 | Report Abuse

Chi pet, how much u sudah lai today?

Posted by paperplane2016 > 2016-04-27 21:59 | Report Abuse

I mean sgb lah, not your chi pet.

Posted by paperplane2016 > 2016-04-27 21:59 | Report Abuse

Don't get me wrong.

Posted by TengkuLeeSal > 2016-04-27 22:02 | Report Abuse

shhh...don't talk so much about limit up ...moneysifu won't like it, you see, hehe...

Posted by Wei Jie Yau > 2016-04-27 22:13 | Report Abuse

so tmr still up,?

Posted by paperplane2016 > 2016-04-27 22:36 | Report Abuse

Further details of the Development Project are as follows:-

(a) a 3-storey shopping complex with 2-floor sub-basement parking (consists of 650 parking lots), total to 5 floors; and

(b) a 12-storey hotel building with 240 rooms on the abovesaid shopping complex.

The Development Project which is located at Jalan Jakar, the town center of Kemaman has a Gross Development Value of RM226,570,000 and Gross Development Cost of RM170,500,000 (inclusive the contract value awarded to PSSB and the cost of the Land).

The development order is expected to be submitted in December 2015 and is expected to be obtained in February 2016.

Posted by paperplane2016 > 2016-04-27 22:40 | Report Abuse

Kuan said that moving forward, the construction business is expected to contributed some 25% of the group’s total revenue. Year-to-date, the stock is up some 103% at its price of 67 sen. Both contracts bagged by Spring Gallery were awarded by JV Muhibbah Sdn Bhd (JVM).

The first, announced in July, was a management contract for the development of Southern City Phase 1B 18-storey apartment in Kemaman valued at RM75mil.

More than 56% or 102 units of the apartment have been sold. The physical construction on-site progress is also ahead of schedule with an 18% completion rate.

Last month, Spring Gallery entered into a second managing contractor agreement worth RM147mil with JVM for the development of Phase 2 of the Southern City project. It encompasses the development of a three-storey shopping complex with parking and a 12-storey hotel with parking in Kemaman.

The company said in a stock exchange filing that work would commence when the development order had been issued and would take 30 months to complete.

“It’s only been four months since we were awarded the second contract. Spring Gallery has managed the first project well and the construction progress is well ahead of schedule and thus, gained the trust from JVM,” says Kuan. He is the Johor Baru MCA treasurer and a Johor Baru councillor.

Posted by paperplane2016 > 2016-04-27 22:41 | Report Abuse

“The location of our apartments is very strategic. It is on the main street of Kemaman and very close to the commercial centre.

There is pent-up demand in Terengganu because of a lack of supply. Yields for the apartments easily fetch between 7% and 8%,” says Lim.

He adds that the sales volume and uptake for the apartments have been very encouraging.

Lim adds that the profile of the buyers were mainly Kemaman residents apart from those in the oil and gas sector from Paka, Kerteh and Kuantan.

“People in Terengganu have money, but there is no outlet to spend it because of the lack of development.

“There is definitely a shortage of shoplots. Shoplots are sold without having to print any marketing flyers!” says Lim.

As for the Phase 2 project, Kuan says that JVM was negotiating with several anchor tenants for the Southern City Shopping Mall.

Posted by paperplane2016 > 2016-04-27 22:43 |

Post removed.Why?

Posted by paperplane2016 > 2016-04-27 22:44 | Report Abuse

Johor MCA treasurer, can't LAO kui! Hehe, sure goreng up kao kao! Got face later can brag with others!

Posted by paperplane2016 > 2016-04-27 22:45 | Report Abuse

Besides Kuan and Lim, another appointee with some political links appears to be Tang Nai Soon, who was appointed as independent and non-executive director on May 7.

He was the Pekan Nenas Johor state assemblyman from MCA between 2008 and 2013.

Interestingly, another substantial shareholder of SBG is Innofarm Sdn Bhd. Innofarm is the major shareholder of poultry company Lay Hong Bhd and is the vehicle of the founding Yap family.

Greenfield Hills too owns a 6.3% stake in Lay Hong.

When asked why Greenfield bought into Lay Hong, Lim says it was just a passive investment.

“The opportunity came to me. I liked the management of the company, and the company appears to be in the phase of growth. I felt there was potential so me and my partner took up the stake in the company,” says Lim.

Posted by moneySIFU > 2016-04-27 22:48 | Report Abuse

If someone say more than 56%, it means 56%. Only 56% sold when the construction was already 18% completed. Think about it.
--------------------------------------------------------------------------------
The first, announced in July, was a management contract for the development of Southern City Phase 1B 18-storey apartment in Kemaman valued at RM75mil.

More than 56% or 102 units of the apartment have been sold. The physical construction on-site progress is also ahead of schedule with an 18% completion rate.

Posted by paperplane2016 > 2016-04-27 22:50 | Report Abuse

Hehe, think? Don't need think. Just say, cantekkkkkkkkk,,sgb cantek!

Posted by moneySIFU > 2016-04-27 22:54 | Report Abuse

RM147mil project would commence when the development order had been issued and would take 30 months to complete.

Yields between 7% and 8%

Expected profit before tax (7.5%) = 11 million

Expected net profit = 11m - 25% tax = 8.25m

Every month = 8.25mil / 30 months = RM275k per month
Average 12 months = 3.3 mil

How much should we use on PE? The market is 5!!!

Posted by moneySIFU > 2016-04-27 22:56 | Report Abuse

ASSUMPTION 1 = ALL SOLD OUT
ASSUMPTION 2 = yield 7.5%
ASSUMPTION 3 = construction materials not gone up

Posted by moneySIFU > 2016-04-27 22:57 | Report Abuse

If you look at what was given by paperplane, I feel very scary oledi, expect PE of 10? 20?

For such small developer? Are you insane?

Posted by moneySIFU > 2016-04-27 22:58 | Report Abuse

That's how it play, NEWS & HOPES, no figure

Posted by moneySIFU > 2016-04-27 23:00 | Report Abuse

When you look at the figures, AND look around on those long time established developers like Hua Yang, Tambun & even KSL are far more superior & better, at least all are proven & still profitable.

KNOW WHAT? All these developers only command PE4-5 only!!!

Posted by moneySIFU > 2016-04-27 23:01 | Report Abuse

paperplane, you are asking people to holland & yet keep shouting ALL IN ALL IN

Posted by paperplane2016 > 2016-04-27 23:03 | Report Abuse

Hehe, so?? Inin bukan huayang etc. Ini sgb, sgb cantekkkkkkkkk, sgb boleh!!! By the way, your 147mil only one of the projects!

Wait little bit longer, you can expect some huge projects coming!

Posted by moneySIFU > 2016-04-27 23:05 | Report Abuse

This counter has yet to deliver any result, wanna bet on its future based on announcement from what so called political like boss?

If you can believe an politician, then pig also can climb tree oledi.

Posted by moneySIFU > 2016-04-27 23:10 | Report Abuse

Paperplane, answer this. How much you value this company? How much is expected PE afterall?
--------------------------------------------------
When you look at the figures, AND look around on those long time established developers like Hua Yang, Tambun & even KSL are far more superior & better, at least all are proven & still profitable.

KNOW WHAT? All these developers only command PE4-5 only!!!

Posted by moneySIFU > 2016-04-27 23:13 | Report Abuse

If price gone up after excellent results like those of Pohuat, KESM, Sam, Liihen & so on, then the price will be staying there.

If those supported by news & hopes only, all koyak later, go find yourself how many cases like that.

Posted by paperplane2016 > 2016-04-27 23:21 | Report Abuse

Hello, pls tell me which construction and property today tak ada political link huh? You too naive for investment. Better pack and go back kampung lah.

Huayang also political link with tht Chen zhu pai as chairman, gamuda, mmc, mashing all tak ada political link inside you think? Last time so setia also link with pnb and umno ppl lah. Hello, wakeup can ah??

Posted by paperplane2016 > 2016-04-27 23:22 | Report Abuse

I don't like to comment your questions, too naive, too ignorance. Hehe? Just watch tomolo

Posted by moneySIFU > 2016-04-27 23:43 | Report Abuse

Paperplane, you have not answered this. You just want to divert attention

How much you value this company? How much is expected PE after all?
--------------------------------------------------
When you look at the figures, AND look around on those long time established developers like Hua Yang, Tambun & even KSL are far more superior & better, at least all are proven & still profitable.

KNOW WHAT? All these developers only command PE4-5 only!!!

Posted by moneySIFU > 2016-04-27 23:48 | Report Abuse

RM147mil project would commence when the development order had been issued and would take 30 months to complete.

Yields between 7% and 8%

Expected profit before tax (7.5%) = 11 million

Expected net profit = 11m - 25% tax = 8.25m

Every month = 8.25mil / 30 months = RM275k per month
Average 12 months = 3.3 mil

How much should we use on PE? The market is 5!!!

ASSUMPTION 1 = ALL SOLD OUT
ASSUMPTION 2 = yield 7.5%
ASSUMPTION 3 = construction materials not gone up

If you look at what was given by paperplane, I feel very scary oledi, expect PE of 10? 20?

For such small developer? Are you insane?

Posted by moneySIFU > 2016-04-27 23:49 | Report Abuse

At price of RM1.10, the market capitalisation of SGB is oledi RM115 million.

What is the profit you are projecting? Paperplane?

Posted by moneySIFU > 2016-04-27 23:50 | Report Abuse

Assuming PE 5 for similar size developer, you need NET PROFIT RM23 million to support current price!!!

Posted by paperplane2016 > 2016-04-27 23:51 | Report Abuse

Investment is an art. If everything in place Liao, sure price sudah spike up a lot loh! You must be able to foresee something and take some risk loh.

I buy superln below rm1, Genting WA during last yr end, many yrs ago before gens open I buy Genting at rm3++ level, even tough ppl keep condemning index stocks.

Posted by paperplane2016 > 2016-04-27 23:53 | Report Abuse

Net profit of rm23mil very easy lor! So it is small company yet to move. Just like huayang, matrix 3 yrs ago. Many also said like you now, small company, no track record!

But if you know what you doing, expect some great handsome profit loh!

Posted by VenFx > 2016-04-27 23:53 | Report Abuse

Even my JingHengMonyet oso earn double than that.
How a fix deficit manager pick a Spring like that ?

Posted by moneySIFU > 2016-04-27 23:55 | Report Abuse

Paperplane, you have not answered this. You just want to divert attention, I am not interested at your history, no proof at all.

How much you value this company? How much is expected PE after all?
--------------------------------------------------
When you look at the figures, AND look around on those long time established developers like Hua Yang, Tambun & even KSL are far more superior & better, at least all are proven & still profitable.

KNOW WHAT? All these developers only command PE4-5 only!!!

At price of RM1.10, the market capitalisation of SGB is oledi RM115 million.

Assuming PE 5 for similar size developer, you need NET PROFIT RM23 million to support current price!!!

Posted by moneySIFU > 2016-04-27 23:58 | Report Abuse

You are really insane, paperplane, asking people to tap into property development at this junction.

Posted by paperplane2016 > 2016-04-27 23:58 | Report Abuse

No proof is the point. If proof Liao you think price still so low? Imagine 3 yrs ago matrix, also no proof Mah, also price not move Mah! After tht? Profit keep kicking in and share price double, triple. Same for ecoworld!

See the point idiot??

Posted by nissan12345 > 2016-04-27 23:59 | Report Abuse

tmr what ?????????????? up or down

Posted by paperplane2016 > 2016-04-28 00:00 | Report Abuse

I personally don't believe property sector. Bit this stock different. It just started, so price yet to reflect true pictures. Also, if they managed to get. 1malaysia prima projects , huge upside coming! With their political link, my guess is easy job for them to get something.

Posted by moneySIFU > 2016-04-28 00:00 | Report Abuse

You still don't answer my question, paperplane.

How much you value this company? How much is the expected profit? What is the PE you are looking for?

Posted by nissan12345 > 2016-04-28 00:01 | Report Abuse

buy, sell or hold

Posted by paperplane2016 > 2016-04-28 00:02 | Report Abuse

You think those insiders buying all idiot like you meh? They throwing real money inside this company! You can expect these ppl easily expect 100% return of money lah! Few yrs more election Liao, now is time to safe bullets!

Posted by paperplane2016 > 2016-04-28 00:03 | Report Abuse

I value? Rm 0, so you happy now? So what?

Posted by moneySIFU > 2016-04-28 00:04 | Report Abuse

You are talking nonsense, Gadang has already JV with Cyberview Sdn Bhd for 1billion PR1MA, see what's Gadang PE now?

5.7times only!!!

Posted by moneySIFU > 2016-04-28 00:06 | Report Abuse

You don't have answer for my question? paperplane?

How much you value this company? How much is the expected profit? What is the PE you are looking for?

Posted by moneySIFU > 2016-04-28 00:06 | Report Abuse

You are so childish to answer like that.
-----------------------------------------------------------
paperplane2016 I value? Rm 0, so you happy now? So what?
28/04/2016 00:03

Posted by paperplane2016 > 2016-04-28 00:06 | Report Abuse

Haha, idiot and losers always remain same saja lah.
You see, directors already openly bagi hints in uma reply, near ending of bidding, expect to get something from govt projects Liao.
Second, they also disclose how much they had sapu in MKT using real money OK!

You expect these ppl idiots kah??
Either you too smart or these insider to idiots to buy so much of own companies, which now in unrealised losses!
So???
Idiot can't think, losers kiasu! Kiasi!

I am the only terror daring to ALL IN!!!
I guna otak.

Posted by moneySIFU > 2016-04-28 00:08 | Report Abuse

Since you are so clever, smart & brave, why not answer my question? paperplane?

How much you value this company? How much is the expected profit? What is the PE you are looking for?

Posted by paperplane2016 > 2016-04-28 00:08 | Report Abuse

I really value rm0! Since you cakap macam dia many bankrupt ni!

!maybe I should value -RM10000000000. Negative, bankrupt not enough, must deficit few millions to billions

Happy now???hahahahaha.

Posted by paperplane2016 > 2016-04-28 00:09 | Report Abuse

P/e?? Negative 100000000, I learn this today, got negative p/e one! HHahah