This is another Super Stock for Year 2015, 2016 and beyond
Powerful Factors
1) Ajiya Glass use lots of electricity. Oil price down is a bonus in cheap electricity. And transport for Heavy Glass Panel also cheaper. Translates to higher profit.
2) China country Garden 9,000 units and R&F Princess Cove 33,000 condos plus 89,000 more will need lots and lots of Ajiya Glass soon. Iskandar Condos will be in final stage of Window installation by 2015 to 2017. Ajiya will make tons and tons of profit.
3) Ajiya also export to Singapore Hdb Flats and Condos. Stong Sing Dollar means even more profit for Ajiya
These powerful factors should make Ajiya another Super, VS or Pohuat.
I believe corporate changes is looming. Singapore Yeoman 3-Right Value Asia Fund has bought more than 5.6% equity in AJIYA in the open market in August 2015. Keep your shares for more to come.
NTA is RM3.92. Paid up capital RM69.2 millions only of RM1/- each. AJIYA can easily declare 1 for 1 bonus shares as well as good dividend if only the Board of directors is more generous. I believe with Yeoman as a new substantial shareholder, things will change soon.
Ajiya share price is now RM3.06 with many buyers queued up for RM3.03. Many including myself have regretted for selling too early. Keep your shares if you have not already sold out for a better price, say RM3.50 and above
ajiya is doing well in steel...especially a new system in building as i heard some of the developers in malaysia says..tp before next quarter release..rm4
Ajiya market price is now RM3.37, not far off from RM3.50 as suggested earlier. However, I tend to feel that this is indeed something is brewing in Ajiya either operationally, or organizationally. There is a strong likehood Ajiya is a takeover target. Anyone has any idea as to why Ajiya is being actively chased upward?
Bought some last week. was told by a friend to recommended KNM 2 years back. He says something is on...may be bonus issue, may be better results (their FY'15 result would be better than last year), could be acquiring some other company. Some contractor friends also bought in heavily last week. but nobody seems to have an idea why it is moving so steep.
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Posted by calvintaneng > 2015-02-09 12:34 | Report Abuse
Wahahaha!
Super Enterprize powering up.
Ajiya the Value Laggard starts moving