SKYGATE SOLUTIONS BERHAD

KLSE (MYR): SKYGATE (7249)

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Last Price

0.76

Today's Change

-0.02 (2.56%)

Day's Change

0.76 - 0.775

Trading Volume

512,300


5 people like this.

5,376 comment(s). Last comment by mikewazowski 1 week ago

Nyana

4 posts

Posted by Nyana > 2016-01-05 21:42 | Report Abuse

A good company .... Can keep this shares for Midterm... Many good news on track....

Posted by Peter Chow > 2016-01-05 22:18 | Report Abuse

Yup at least for the q4 report come feb 23 ish

gohcheehoh

578 posts

Posted by gohcheehoh > 2016-01-06 21:49 | Report Abuse

What a beautiful run after few days rest. Rm 1.5 is coming real soon. Should exceed rm 2. Stay tune...

aleroe

140 posts

Posted by aleroe > 2016-01-06 22:10 | Report Abuse

Beautiful finish today... Congrats too all holders... Now, EWEIN-WA is a screaming buy... Against the close of Mother Share today at 1.36, the WA should be trading at 0.75... Instead, WA is only trading at 0.615... A discount of 22%!

Discount to Mother Share will not last long...

Posted by Clinton Tom > 2016-01-06 23:53 | Report Abuse

That was exactly why I mentioned on Dec 31st NOT to dwell too much unto the land price acquisition. There are some info that can't be divulged on this forum. I would suggest to keep acquiring more warrants or even mother shares.

Posted by Clinton Tom > 2016-01-06 23:54 | Report Abuse

Gohcheehoh, the TP is not ONLY 2. Watch out for a new historical high. 2 is a definite price but the TP is beyond it.

Posted by Clinton Tom > 2016-01-06 23:55 | Report Abuse

Next few Qtrs result is going to be simply breathtaking. Just keep buying.

rosetan

944 posts

Posted by rosetan > 2016-01-08 11:18 | Report Abuse

Best stock 2016!

rchi

20,946 posts

Posted by rchi > 2016-01-08 11:45 | Report Abuse

the pearl of bursa !

rchi

20,946 posts

Posted by rchi > 2016-01-08 12:25 | Report Abuse

today ewein wa has taken out its all time high of 67 sen...expect a rocket .

Davison

38 posts

Posted by Davison > 2016-01-08 12:43 | Report Abuse

Skyrocket and still at a discount price

Posted by Clinton Tom > 2016-01-08 16:47 | Report Abuse

The Best has yet to come. Like mentioned previously, unable to share much info on this forum and platform but the TP is way higher than what we are seeing. Just to share this with those who read out threads here. Reliable indicators....

Posted by Clinton Tom > 2016-01-08 16:48 | Report Abuse

TP will be above all expectations. 4qtr results are going to be a boost and 1st qtr results will ensure TP are on track. Keep acquiring.

gohcheehoh

578 posts

Posted by gohcheehoh > 2016-01-09 00:56 | Report Abuse

Among the 10 counter that I invested , EWEIN, FFHB, GADANG AND SYF is my best performance counter for the week. By end of the year, EWEIN should be the champion.

Posted by DreamSubjugator > 2016-01-09 01:02 | Report Abuse

No Miss Penny?

feifun

376 posts

Posted by feifun > 2016-01-11 09:48 | Report Abuse

The future is bright

Posted by indexnoobie123 > 2016-01-11 10:24 | Report Abuse

rocket again. gratz for those holding tight

rchi

20,946 posts

Posted by rchi > 2016-01-11 12:50 | Report Abuse

the show just started,a long way to go.

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-11 15:00 | Report Abuse

Sold ewein 1.50...all swap to AWC

feifun

376 posts

Posted by feifun > 2016-01-11 15:36 | Report Abuse

a new giant property developer in making, why sell so fast?

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-11 15:39 | Report Abuse

My cost only 1.02...enough with almost 50% gain...now all in AWC

Analyst99

118 posts

Posted by Analyst99 > 2016-01-11 18:01 | Report Abuse

with the 200 mil projected profit across 4 years (assuming 50 mil yearly), the fair price for Ewein is RM3 to RM3.50.

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-11 23:13 | Report Abuse

Clinton...yes...noted but i make decision to sell at 1.50 today because of their announcement to acquire a 4.4 acre land at 860 mil

1)If the payment by borrowing from bank, will increase the gearing
2)If by share issue, will dilute the EPS

This is my concern as a new project will not get approval so soon especially APDL control by federal whereby ewein very good relationship with state government

In fact their COD project was started on applying the APDL since 2013 but due to land title issue and APDL approval stuck with federal government fir almost 12 months...they just can start to sign SPA last few month (delay for about 2 years)

feifun

376 posts

Posted by feifun > 2016-01-12 12:06 | Report Abuse

the company is making money, more land bank to come, more development to come. I think is transforming to a property developers, just like I-Bhd now a big developer.

jkhoo

27 posts

Posted by jkhoo > 2016-01-12 12:43 | Report Abuse

@koonbee, the company applied for APDL since 2013? if you are not sure about the information, you should refrain from using the words "in fact". The company applied for the APDL in middle of 2015, and they got the approval a few months later. That is a fact.

yoda88

499 posts

Posted by yoda88 > 2016-01-12 23:10 | Report Abuse

Ewein's shares are trending impressively since 6th Jan 2016 since breaking out from a flag.Bullish pattern on a wave 3 is noticiable.It manage to test immediate resistance of RM 1.56 before a pullback. With more good news in store, once share price breaks RM1.56 supported with a good healthy volume it should scale to next resistance of RM 1.62 and Rm1.70 with a long term objective of RM 1.80 levels.Immediate supports can be seen at 1.45 level.

Ewein-WA- which expires on the 10th June 2017 with a strike price of RM0 .61 revised from 1.00 previously, based on the mother share of RM 1.52 . The warrant should be trading at RM 0.91 but close 0.82 therefore RM 0.09 discounts this morning supported with a good healthy volume. Upon retesting and breaking RM0.86 the warrant will test the next resistance of RM 0.925 and RM 0.99 levels.Supports can be found at RM0.795.The appetite for the stock remains strong and unwavering with strong buying interest.

rchi

20,946 posts

Posted by rchi > 2016-01-13 13:20 | Report Abuse

long term target is well above 1.8..just monitor the development of events to transform ewein..this will be yr 2016 star performer...just the profit frm project cod 1 ady justify 2.0...all lands acquired will be used for high end luxury real estate development.

gohcheehoh

578 posts

Posted by gohcheehoh > 2016-01-14 03:16 | Report Abuse

By H12016, EWEIN will exceed rm 2. Most likely will exceed before jun.

feifun

376 posts

Posted by feifun > 2016-01-15 10:17 | Report Abuse

http://cityofdreams.net.my/index.php buying more land bank for future growth

k6ii

1,873 posts

Posted by k6ii > 2016-01-15 10:24 | Report Abuse

wow...1.5k psf

chinaman

3,298 posts

Posted by chinaman > 2016-01-15 10:58 | Report Abuse

myr56.6Million per acre of penang land...waloe...might as well use it to buy overseas assets in Australia in tandem with migratory trends nowadays to australia

yeohhh

2,406 posts

Posted by yeohhh > 2016-01-15 12:53 | Report Abuse

quite expensive for the land of purchasing...wonder, what is the return ?

feifun

376 posts

Posted by feifun > 2016-01-15 14:47 | Report Abuse

1 acre can build max 122000sft ; 122000sft x RM1200 = RM146 million GDV per acre, still can make good profit

karyzme

40 posts

Posted by karyzme > 2016-01-15 17:19 | Report Abuse

200m cap company buying 2b worth of land... some major corporate work in the pipeline

jkhoo

27 posts

Posted by jkhoo > 2016-01-15 19:13 | Report Abuse

i feel the agreement is a sweet deal for the company. it gives the company the rights to acquire the 50 acres of prime land for a duration of 10 years. With this being locked in, the certainty is there and therefore financing would be easier.

jkhoo

27 posts

Posted by jkhoo > 2016-01-15 19:15 | Report Abuse

This indeed shows the company is moving towards of being a giant. Dream big, and you will be big. With the land being given as compensation, the plot ratio i believe would be high enough for the company to make good money.

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 19:19 | Report Abuse

Feifun...your comment 1 acre can built 122000 sq ft with sales of rm146 mil..pls enlighten me how to make a good profit with land cost 56.6 mil (not include the bank interest if financing by bank) + building cost + marketing cost + staff maitainance fees/property agent commission if to appoint property agent to sell + misc...??

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 19:27 | Report Abuse

I estimated for 1 acre, land cost 56 mil + bank interest at 5% p.a for minimal 5 years @ 25% x 56 mil (rm14 mil) + contruction cost Rm500k/ unit (1 acre can built 122000 sq ft/ average 1000 sq ft per unit = 122 units)

56 mil + 14 mil + 61 mil contruction cost = 121 mil not including the marketing cost, agent fees and misc

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 19:28 | Report Abuse

The conclusion is the land very expensive

soros228

2,039 posts

Posted by soros228 > 2016-01-15 19:29 | Report Abuse

Wow KB your maths is so geng.

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 19:37 | Report Abuse

And at such market...property with RM1.2 mil above not easy to sell...and bank will have difficulty to approved with loan above rm1 mil

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 19:39 | Report Abuse

I am just feel that the land purchase at such price are very high risk

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 20:03 | Report Abuse

Dont forget the COD with GDV at RM800 mil only estimated 200 mil of profit in 4 years. And the land cost for COD are much cheaper than this new land

Koon Bee

549 posts

Posted by Koon Bee > 2016-01-15 20:05 | Report Abuse

Dream big is good...but also have to look at market sentiment wether the buyer can absorb the price or not and the bank can approved the loan for new buyer or not...all these have to take into the consideration

For my view, condo with rm1 mil are no at the moment...now is affordable house trend

soros228

2,039 posts

Posted by soros228 > 2016-01-15 20:14 | Report Abuse

Agreed with KB. Better buy Novum.

jkhoo

27 posts

Posted by jkhoo > 2016-01-15 21:40 | Report Abuse

If you read the announcement, it is a right to acquire the lands, a right which extends for 10 years. It is not the actual acquisition of land. That shows insatiable long term intent, but without having to commit on the purchase in the mean time. I reckon this is planned to allow for cashflow fro projects to finance the payments of the lands for this 10 years. How sweet is this deal?? Sweetest i reckon. With this rights to acquire strategic and prime land, the company has a right to an amazing land bank which is located, in my opinion, the best prime location in Penang.

jkhoo

27 posts

Posted by jkhoo > 2016-01-15 21:41 | Report Abuse

in my opinion, this company is the new Mahsing in the making.

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