Posted by MG9231 > 2015-10-16 16:26 | Report Abuse

no sign of rest after touch $4

Posted by zackyh > 2015-10-16 16:30 | Report Abuse

YTD return 100%. Very good,considering it is small cap and non speculative stock, and being in the Malaysia market. Some IPOs in HK can exceed this kind of return within few months, but valuation is not justified at all

Posted by gnail > 2015-10-16 17:13 | Report Abuse

4 RINGGIT! YESSSSSS!!!

Posted by Pol Boon Tat > 2015-10-16 17:37 | Report Abuse

next week gap up again!

Posted by zackyh > 2015-10-16 19:27 | Report Abuse

steady sial up 8.4%

Posted by calvintaneng > 2015-10-16 19:31 | Report Abuse

WAH THE JUMPING YA!

Posted by MG9231 > 2015-10-16 19:41 | Report Abuse

Calvitaneng,you are really chun lah, I follow your recommendation by adding more, it is well rewarded.

Posted by zackyh > 2015-10-19 12:01 | Report Abuse

day high at 4.25!

Posted by gnail > 2015-10-19 13:27 | Report Abuse

RECORD HIGH ALREADY

Posted by zamsaham > 2015-10-19 15:24 | Report Abuse

pancit again... caught upwards

Posted by IVAN2222 > 2015-10-22 19:00 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4899801

Posted by IVAN2222 > 2015-10-22 19:00 | Report Abuse

2mrw ajiya up up up..yeah

Posted by IVAN2222 > 2015-10-22 19:00 | Report Abuse

bravo...

Posted by tanbb > 2015-10-23 11:38 | Report Abuse

down ....

Posted by chankp7010 > 2015-10-23 16:25 | Report Abuse

Ajiya is down without any catalyst to boost its share price.

Posted by Kucimiao > 2015-10-23 18:14 | Report Abuse

Chankp7010, you are right. What's the catalyst fir growth? The results is nothing to shout about. PBT is almost the same at 2013. There is an increase because 2014 was down. Hmm... Time to exit.

Posted by KUCIMIAO > 2015-10-26 09:37 | Report Abuse

Profit taking....without solid news...it may not sustain its upward trend. Luckily I have cleared all last Thursday.

Posted by KUCIMIAO > 2015-10-26 20:51 | Report Abuse

Instead of good news...it is private placement of up to 10% of existing shares which is lot for this counter. EPS now diluted, DPS also gets diluted. Is the stock still undervalued? Like many other counters private placement = Sell !!! Hmm....IVKLS, what is your opinion on this.?

Posted by MG9231 > 2015-10-26 21:05 | Report Abuse

Why sell, big boss do private placement not at@$2.6 but push up the share @$4.16. to raise fund.In order to venture into new related business . I think is good. Earning will not diluted much.

Posted by KUCIMIAO > 2015-10-26 21:51 | Report Abuse

Private placement would usually be at a discount (of up to 10%) of the Pvt Plcmt is usually based on 5 days average price. So previous 5 days average is estimate to be around 4.16. Let's say it is a discount of 9% from the average 5 days price, the Private placement is at RM3.78 for approximately RM26++ million.

Apparently, net asset after private placement is RM3.73. Current share price is traded at 11% above NTA....

Possibility of share moving downward after this?? may be around 10% as well?

Posted by IVKLSE > 2015-10-26 22:05 | Report Abuse

I think private placement for further expansion is good but with the current world economy situation and might be even worst next year. I personally think the company shall stop expanding and to use the capital to eat up small company to increase their market shares.

With the private placement at these high price is definitely an advantage for the company. As long the company is not used the private place to pay off debt I am not worries about the dilute EPS. As for the dividend, the expansion might improve the profit after tax of the company hence more money to give back to owner.

10% of the shares is definitely a big amount of shares, the private investor will become major shareholder of AJIYA hence we need to see who is the private investor. These private investor is definitely have some control over the company in the future.

As for now, I will recommend to hold on AJIYA (with the stop loss at RM 4.00 with the limit of RM 3.70) before we knew who is the private investor.

Posted by Kucimiao > 2015-10-26 22:34 | Report Abuse

Thanks IVKLSE.

Posted by spring_chicken > 2015-10-27 09:37 | Report Abuse

It could be a case of a takeover (RTO or even a hostile one). What is baffling is who would wanna pay such a high premium for an industrial/manufacturing counter? Current share price is traded at close to NA. My guess is it would be a two-step asset injection to be followed by a diversification of the company's core business later. What I am interested to know is what is the new business/asset that will injected into Ajiya. Bear in mind that the current major shareholders, i.e. the Managing Director and a Director has not sold down their stake. There will be a major stock overhang later. Buy with caution. It may not pan out well for whoever is buying into the company currently.

Posted by spring_chicken > 2015-10-27 09:50 | Report Abuse

If my guess is correct, the only winner walking away from this share price spike are the controlling shareholders. Money from the company will be used to acquire the new assets of which will then be paid off to the outgoing controlling shareholders....if you follow this stock closely, the management of this company has not done much since its listing in 1995 except for some minuscule dividends and a handful rounds of bonus issues. Not even free warrants. Plus the MD has been paying himself well but there is hardly any growth in the company over the years.

Posted by KUCIMIAO > 2015-10-27 09:55 | Report Abuse

Spring_chiken/ you have a point. If we read the announcement. It is for business expansion, i.e buying machinery, building factories/enlarging factories etc etc. I think in a short term, there could be weakness in price. Yes the MD and Director may not have sold shares in the open market. There are other means of share disposal right? Albeit without being traced. The direct share percentage of the 2 key directors has changed (lower) as compare to the 2014 end year FY report.

Strong rumours (especially at where this company is situated) were going around saying the TP is RM6. Don't get me wrong, I am not believing in rumours but the questions is what is the catalyst that could move this company? Only if there is catalyst then the price increase could be justifiable or else the business could be very mundane...year in year out almost the same revenue/PBT.

Look at it's peer - Astino. Business seems to be not doing so well similar sales buy margin drop tremendously. With slowdown in property, and increase in imported materials there could be a margin squeeze.

Agree trade with great cautions!.

Posted by KUCIMIAO > 2015-10-27 10:02 | Report Abuse

Spring_chicken/ u r right....it does seems that the key shareholders cum directors are the ones making the monies...again, people to rush in could get themselves trapped.

Posted by spring_chicken > 2015-10-27 10:27 | Report Abuse

I suspect the placement will be placed out to proxies of the incoming party or the actual party themselves. The placement proceeds (plus a major bulk of the company's $$$ will be used to acquire the incoming assets (resulting in the recycling of $$$). $$$$ will be settled amongst themselves and the outgoing shareholders will hold on to the shares and waiting time for disposal (assuming the incoming new assets is salivating enough (just a theory ;))

Posted by KUCIMIAO > 2015-10-27 12:06 | Report Abuse

That theory is a possibility. Ajiya now bleeding. As suspected, shares will be down whenever there is news on private placement. As always, the parties concern pushed up the share to organise the private placement and then slowly off loading their position to unsuspecting "chaser(s)".Write a comment..

Posted by IVKLSE > 2015-10-27 22:39 |

Post removed.Why?

Posted by Xu Yu Fu > 2015-10-28 15:41 | Report Abuse

Regret I sold yesterday.

Posted by calvintaneng > 2015-10-29 10:28 | Report Abuse

Sold?

No need to regret,

Now go buy these Undervalue Stocks with potential

1) MULTICO (LOTS OF HIDDEN VALUE)
2) YILAI
3) MAHSING
4) WHITE HORSE
5) KPSCB
6) MUI BHD

All the Above 6 Have LATENT VALUE WITH POTENT POWER LIKE AJIYA!

Buy when Mr. Market is totally oblivious of their HIDDEN VALUE!

Posted by calvintaneng > 2015-10-29 23:03 | Report Abuse

AND ONE MORE POWERFUL BOOSTER FOR WHITE HORSE.

AJIYA FACTORIES ARE LOCATED IN SEGAMAT.

WHITE HORSE PRIME MAINROAD FRONTAGE LANDS ARE LOCATED NEAR PROPOSED THIRD BRIDGE FROM PASIR GUDANG TO SPORE PUNGGOL.

THE REVALUATION OF THESE PRIME LANDS WILL PROPEL WHITE HORSE NTA TO OVER RM5.00

Posted by spring_chicken > 2015-11-04 11:22 | Report Abuse

those lands would be sold for a sore to the outgoing shareholders lah.....u think the MIs will benefit from it?

Posted by spring_chicken > 2015-11-04 11:30 | Report Abuse

also land in Segamat is not worth that much lah...

Posted by michaelwong > 2015-11-09 17:19 | Report Abuse

Volume beginning to shrink more towards consolidation......less powered ahead.

Posted by KUCIMIAO > 2015-11-11 11:34 | Report Abuse

moving sideways....up 10 cents down 10 cents.....tak bole cari makan lah...dunno how long have to wait....may be till next result.

Posted by KUCIMIAO > 2015-11-11 12:34 | Report Abuse

Wah now up again...

Posted by chankp7010 > 2015-11-25 20:49 | Report Abuse

Ajiya's private placement is priced at RM4.20 against the current market price of RM4.26. What is the rationale for buyer to do so? Something is brewing in this company otherwise no one will buy at RM4.20. There are a lot of things hidden from investors, but quietly taking place in the Board room.

Posted by birkincollector > 2015-11-27 11:06 | Report Abuse

bursting up from triangle

Posted by KUCIMIAO > 2015-11-27 11:16 | Report Abuse

Time to revisit Ajiya!. Bounce into their booth at PRIMA Expotoday @PWTC. What a pleasant surprise. Ajiya is the only one building material supplier here and its IBS seems to be the talk of everyone I spoke to at this PRIMA expo. Is Ajiya IBS the choosen one for PRIMA??

Posted by KUCIMIAO > 2015-11-27 12:05 | Report Abuse

Something very very interesting...PRIMA confirmed plan for 25,000 units of house for 2016. 40% landed and 60% high rise. Ajiya IBS is mainly for landed. Since they are the only one, highly likely they may get to supply their IBS to bulk of the project. Assuming Ajiya secured the contract to supply to only 50% of the 40% approved landed house, this will translate to approval for 5000 units.

Conservatively, assuming IBS Net Margin for each house is RM5,000 per unit. Ajiya, will get approximately a whooping RM25million profits only from supplying IBS alone. In other words, Ajiya profit will likely double up in 2016. The rest, NTA, EPS...do your own maths.

Posted by kllady_fidah > 2015-12-01 16:31 | Report Abuse

you are quite spot on there....

Posted by calvintaneng > 2015-12-01 17:14 | Report Abuse

Ajiya!

A Jumping Ya!

Ajiya sapu all Glass for Iskandar's High Rise Condos!

Whitehorse and Yilai will sapu all tiles business!

Posted by kllady_fidah > 2015-12-02 09:49 | Report Abuse

ctr to watch.....lots of goodies

Posted by gnail > 2015-12-02 11:09 | Report Abuse

huat lar, wonder who is the new shareholder of the private placement

Posted by calvintaneng > 2015-12-02 12:16 | Report Abuse

Wahaha!

A Jumping Ya jumping to Rm5.00?

Really Amazing!

Posted by KUCIMIAO > 2015-12-02 18:28 | Report Abuse

..............................PP

I have found out the name of the private investors. There are 3 parties. I am surprised by their presence to invest in a relatively small company. All 3 are big corporate investors and long term players.

Hint: you may find out from Bursa/ from your remisier

Posted by YunXin > 2015-12-02 20:05 | Report Abuse

Wah! Your predictionis realy Zhun, Calvin Tan ^^ GOOD.,

Posted by YunXin > 2015-12-02 21:34 | Report Abuse

Time to take profit and buy PMCORP!

Power Money Corporation!

Posted by Kucimiao > 2015-12-02 22:17 | Report Abuse

TCSS...