Posted by dfsbipohsch > 2015-01-18 07:36 | Report Abuse

MAGNA PRIMA BHD : Moving Up From 0.95 to 1.05/1.12/1.18/1.27 ? - See more at: http://klseelwavetradi - KLSE Technical Analysis | I3investor


http://klse.i3investor.com/blogs/KLSETA/68607.jsp

Posted by Profliang > 2015-01-19 09:15 | Report Abuse

Magna 1.01!!! next tp 1.08...wonder today will limit up or not.

Posted by aa111111 > 2015-01-19 12:55 | Report Abuse

buy and keep

Posted by dfsbipohsch > 2015-01-25 16:10 | Report Abuse

When going be the action as very quite

Posted by Kok Leong > 2015-01-25 22:49 | Report Abuse

dont assume the dog no barks mean will not bite ppl...

Posted by dfsbipohsch > 2015-05-09 11:34 | Report Abuse

Change of fortune for Magna Prima
Saturday, 9 May 2015
By: TEE LIN SAY

PROPERTY developer Magna Prima Bhd will be seeing a change of fortune on the back of sales proceeds from its Australian property development project The Istana now that the handover process is almost completed.

There will be a significant lowering of its borrowings when the company announces its results for its first quarter to March 31, 2015.

The settlement of sales proceeds is likely to see the group’s gearing level for its financial year ending Dec 31, 2015 reduce from 3.8 times currently to 0.6 times.

In Australia, recognition of profits takes place only after properties are built and sold.

The Istana, Melbourne, was completed in 2014 and the settlement of account with purchasers of the apartments, both local and foreign, commenced in February this year. The gross development value (GDV) of The Istana is roughly RM615mil, and to date, the company has collected some 80% of the proceeds, says Magna Prima group managing director Datuk Rahadian Mahmud Mohammad Khalil.

As at Dec 31, 2014, the group’s property division’s coffers had on record nearly RM200mil of unbilled sales in Malaysia and an additional RM404mil in Australia.

For that same period, Magna Prima has long-term borrowings of RM91.7mil and short-term borrowings of RM451.62mil. The bulk of the short-term borrowings is related to the Australian project.

“You will see much lower borrowings in our next reporting results. Now that we have repaid our commitments for the Australian project, we have short-term borrowings of only RM75mil,” Rahadian says. Out of the RM75mil, RM40mil is for the redeemable convertible preference shares (RCPS) issued to Lembaga Tabung Angkatan Tentera. Rahadian says cash for the repayment of this RCPS has already been set aside.

“We are not allowed to repay the RCPS until six months from its issuance. Come June 23, we will pay off the RM40mil, and Magna Prima will be left only with short-term borrowings of RM35mil,” he says.

The Istana is a 25-storey condominium with 320 units.It is located in A’Beckett Street in the heart of Melbourne’s Central Business District and within a short walk to Melbourne’s Queen Victoria Market, the University of Melbourne and the Flagstaff train station.

Niche developer

With its stronger financial position from the proceeds of its Australian project, the company’s strategy moving forward will be to return to its core values of becoming a niche developer, where it develops smaller projects but with larger profitability.

It will still focus on the Klang Valley where it will look to purchase and develop small pieces of land which are located in high density areas.

Magna Prima’s current signature projects are The Istana, The Boulevard Business Park in Jalan Kuching, and Desa Mentari near Bandar Sunway in Petaling Jaya.

Rahadian says the company is already in the midst of selling off three pieces of its existing prime land, namely its Lai Meng school land, 20 acres in Shah Alam, and seven acres in Petaling Jaya.

“We are looking to divest our high value land bank as these assets have appreciated tremendously. We want to consolidate the income to fuel our strategy moving forward.”

“We are looking to redeploy part of these proceeds to acquire land with a mid-range GDV that is more comfortable for us to undertake. That is part of our risk management strategy for the size of our company at the current moment,” he says.

Rahadian adds although Magna Prima is capable of undertaking big projects, it currently wants to take a more conservative approach for the next few quarters.

“While still maintaining some of our planned developments for this year, we may also embark on new ventures that will bring a more sustained and predictable income,” says Rahadian.

Magna Prima currently has some 28 acres of undeveloped land, mostly in the Klang Valley.

Earlier on, Magna Prima had an ambitious plan to build a 60-storey twin towers on the Lai Meng land for a combined gross development value of RM1.8bil. One of the towers would comprise a mixture of serviced apartments, a hotel and offices, while the other is expected to be a Grade A office building with Green Building Index features.

Hot topic

Magna Prima Bhd’s Lai Meng school property located along Jalan Ampang, has been a hot topic last year, mainly because Retirement Fund Inc (KWAP) was believed to be eyeing that piece of land.

The deal came about as Magna Prima was looking to divest the 1.6ha property located close to the iconic Petronas Twin Towers. The land is located next to Hotel Maya and less than 1km walk to KL City Centre.

Sources say KWAP is bidding for the land at the range of about RM3,300 per sq ft, which could see the government-linked investment fund forking out at least RM376.6mil if it secures the bid.

According to valuers, the land is currently worth RM350mil, which is a significant appreciation from the price it paid when it acquired the land from Lai Meng

Posted by supernova > 2015-06-10 10:43 | Report Abuse

better make disposal action

Posted by supernova > 2015-06-10 10:44 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/06/09/Magna-Prima-faces-suit-over-its-KLCC-luxury-condo/?style=biz

Posted by supernova > 2015-06-10 10:44 | Report Abuse

kena sued rm25 million for chinaman workmanship

Posted by supernova > 2015-06-10 16:09 | Report Abuse

no response means no forumers got caught, good

Posted by shellhouse > 2015-06-24 17:29 | Report Abuse

4% dividend yield.

Posted by jeloft > 2015-06-25 11:49 | Report Abuse

giving 5 cents dividend... yesterday noon session start boost up

Posted by jeloft > 2015-06-25 14:05 | Report Abuse

have a look on this counter, maybe 2nd session will hit up again like yesterday

Posted by yanxuan8 > 2015-07-08 11:49 | Report Abuse

EGM today, to approve the Bonus issue of Warrant at 1 for 2, ex price only 90.0 sen, based on yesterday closing of 1.16, the warrant is worth more than 40.0 at a premium of 15%. Good to buy anything below 1.20.

Posted by setia2u > 2015-11-04 14:48 | Report Abuse

Ai yo, kesiannya, nobody answered you on this, let me tell you, just keep it until you see 50.0 sen, start moving today, soon will announce the selling of Lai Meng Land. Just be patient.

Posted by Annetan > 2015-11-17 21:06 | Report Abuse

Suddenly eps is 25.64 announced in Bursa today.Limit up?

Posted by yanxuan8 > 2015-11-17 22:00 | Report Abuse

Just only 3Q, EPS already 51.98 sen! PE of less than 2!? Where to find? Cheers.

Posted by sharktank > 2015-11-17 22:04 | Report Abuse

and most of it is in Retained Earning. Retained.

Posted by hyteo1992 > 2015-11-17 22:58 | Report Abuse

the total debt-to-asset ratio is 62%. unless i count it wrong... besides this everything about magna is excellent!!

Posted by jenn > 2015-11-18 13:38 | Report Abuse

why drop

Posted by Annetan > 2015-11-18 13:59 | Report Abuse

Sometimes they purposely push it down for you to buy but market is very funny,people normally is fearful to buy when it drops but will keep buying when it goes up.It might want to close the gap at 1.01.If you have money to pick-up,you just buy at this level.Won't go too wrong.Besides they are going to sell that piece of land.

Posted by 88luckybull > 2015-11-19 08:22 | Report Abuse

this quarter.....declare any dividend ?

Posted by Shauns > 2015-11-20 21:01 | Report Abuse

Yes, 5 cents are to be proposed.

Posted by DreamSubjugator > 2015-11-20 21:08 | Report Abuse

slow moving

Posted by 88luckybull > 2015-11-20 22:35 | Report Abuse

when receive get the dividend ?

Posted by 88luckybull > 2015-11-20 22:36 | Report Abuse

when can receive or get the dividend ?

Posted by skyjet > 2015-11-21 14:32 | Report Abuse

Magna is a very good fundamental company with latest quarter result EPS 25.64 and current PE 2.15, ROE 49.91 and DY 4.9. Moreover, after land disposing will even have higher EPS next quarter. Conservative target price at least 1.90 within 1 year. Buy and hold tight.

Posted by yanxuan8 > 2015-11-23 19:56 | Report Abuse

傳華商有意購買 萬拿第一黎明小學地段 有消息指萬拿第一（MAGNA，7617，主要板建築）獲得華商興趣，以轉手吉隆坡市中心毗鄰的黎明小學面積達1.06公頃地段。

　財經週刊《大馬焦點》引述報導報導，上述消息最早將在月底公布，而該公司早在今年初已表示有興趣脫售相關地段。

　據悉土地叫價4億令吉或每平方不少于3500令吉，分析師指市價為每平方尺3100令吉。以此價碼計算，高于萬拿第一約3億4945萬令吉市值。

Posted by tkp2 > 2015-11-23 21:27 | Report Abuse

superb QR, PE2, with the potential land disposal with huge profit as additional catalyst, this counter should easily hit 1.5 in near future, i expect a one day sudden surge. I boat the WB @ 0.4. Sure win counter.

Posted by charlie82 > 2015-11-24 05:39 | Report Abuse

tkp2...morning wow you here too, let's tuah huat !!!

Posted by tkp2 > 2015-11-24 07:53 | Report Abuse

morning Charlie, hahaha, lets huat huat huat with Connect and Magna.

I think WB can go to 0.8-1

Posted by setia2u > 2015-11-24 09:44 | Report Abuse

Yanxuan8: Yes, announcement soon! Immediate TP RM1.40 shall not be a problem.

Posted by 88luckybull > 2015-11-24 14:07 | Report Abuse

what announcement ? special dividend or dividend ?

Posted by bukithot > 2015-12-12 11:13 | Report Abuse

Seems like Magna has already recognized most of unbilled sales from Australia project.
After this, what else left for Magna?
Only catalyst in near term would be sale of land right?

Posted by 88luckybull > 2015-12-18 08:30 | Report Abuse

selling time....

Posted by 88luckybull > 2015-12-23 16:55 | Report Abuse

magna vs magni faith is different so much in term of pricing ? Magna earning per share is RM0.477 vs magni eps is RM0.4377. some time buying shares also depend on luck ?

Posted by 88luckybull > 2015-12-23 17:20 | Report Abuse

what is Lai Ming school land sell ? property expert is talk about earning eps for the sale of the land is more than half of current price ?....why why ? market up 20points Magna price was down 1 sen and magni was up 31sen.？

Posted by 88luckybull > 2015-12-23 23:47 | Report Abuse

http://www.thestar.com.my/business/business-news

Posted by 88luckybull > 2015-12-28 23:59 | Report Abuse

buy magni .....

Posted by 88luckybull > 2015-12-29 00:00 | Report Abuse

buy magni.....up up all the way !!

Posted by 88luckybull > 2015-12-29 23:01 | Report Abuse

more and more volumn.....buy buy magni

Posted by 88luckybull > 2015-12-30 21:13 | Report Abuse

...continue to post comment till Magna price move
like Magni ...only nobody notice about the performance MAGNI

Posted by 88luckybull > 2015-12-30 21:56 | Report Abuse

more and more buyers.....buy buy buy to push up the peice

Posted by 88luckybull > 2015-12-31 23:17 | Report Abuse

can sustain at 1.03 is a good sign....to move on !

Posted by 88luckybull > 2016-01-01 21:30 | Report Abuse

2016-- top pick stock

Posted by 88luckybull > 2016-01-01 21:31 | Report Abuse

magna ~top pick performance stock year 2016....yahyah

Posted by DreamKaiser > 2016-01-01 21:46 | Report Abuse

butut ah

Posted by 88luckybull > 2016-01-01 22:04 | Report Abuse

so, buy buy buy buy....haha

Posted by 88luckybull > 2016-01-01 22:11 | Report Abuse

huat ...huat ... huat ah !

Posted by 88luckybull > 2016-01-01 23:12 | Report Abuse

sell lai ming land ...will earn more than half of the current price.....so this minimum 50% and about year 2015 % gain......so it is valid reason to be top stock pick of the year 2016. .....see end 2016....how % gain....buy now will huat huat