Saturday, November 1, 2014

KLSE : Weekly Trades Dated : 1/11/2014

1. Traded above last week. ^^

2. CMMT - Buy more at RM1.45. Overall profit still in-tact though being dragged down by Sungai Wang due to decrease number of tenanted units or rental revise lower. Expect > 4sen DPU come next Q at around JAN 2015.
3. DRBHCOM - Buy more at 2.14 & 2.17 respectively.
Below from hng about DRBHCOM :-
hng said...
Earlier these year, DRBHICOM dispose about 40% of its Tebrau land in JB to Ecoworld for RM 520m and realize about RM 90m net profit. Ecoworld will payable these sum of land cost stagger in 3 year during development period. On the other hand, DRBHICOM is planning to use the land sale to commence its own township development in remaining 60% of its tebrau land, GDV RM 5 bil, to be name as Glenmarie Height

Currently, Ecoworld is developing these parcel of land into Ecospring (Semi-D) + Ecosummer (Terrace) vs, DRBHICOM own township, Glenmarie Height

Lets relook their offering now:


1. Ecospring (Semi-D): 42 x 80, price start from RM 2.88m - RM 3.90m
2. Ecosummer (Terrace): 20 x 80, price start from RM 1.35m - RM 1.91m

Glenmarie Height:

1. Semi-D (40 x 80); Cluster Semi-D (32 x 80): launching 14 Nov, price expect start from RM 1.12 m - 1.85m

2. Terrace: 22 x 70; 22 x 75, price start from RM 630k - 660k (Launched in Sept)

In summary, Glenmarie Height is offering half of the price compared with Ecoworld, Ecospring/Ecosummer in a same place. Of course, Ecoworld development is more up market with European style offering, but Glenmarie Height also offer very contemporary design. Therefore, at same place, and with about the same price, buyer can purchase Semi-D in Glenmarie Height rather than purchase Terrace house in Ecosummer.
4. Good Luck.


hng said...

No doubt, property market in JB is cooling down, but mainly affect high rise, dense unit service apartment/condo/soho etc, depending on location, it fetch RM 550-1000psft, typical unit size 1000sft fetch RM 550k-RM 1.0m. These kind of high rise is particularly flood in the market now with China developer added even more pressure, Launched few thousand unit at once, supply outpace demand significantly.

On the other hand, landed, freehold, gated and guarded with typical land 22 x 70, double story terrace, launched just few hundred at once, property build up size 2200 sft, it only fetch RM 300 psft, about half of that compared to high rise. It is trend shifted back to landed property now for more cheaper alternative, value for long term investment. Developer with vast landbank, strategy located and offering market demand landed property will be standing up.

Teng said...

Hng. Congratulation on KPS. I sold my holding today at 161( take profit first)

Have been following your trade on KPS/Puncak. So far so GOOD. Thanks

hng said...


Today, i bought BJcorp at 48.5sen, Bjtoto RM 3.47-3.49.

I still keep KPS (average cost RM 1.52), and some Puncak (cost RM 3.28),

hng said...

DRBHICOM short term price movement depend on EPF action.....keep pressing down now before buyback, marked up to rebound, take profit, press down again......

DRBHICOM prospect will better examine in next Q3 result, to take into account proton iriz impact. Coming Q2 result will record one off net gain RM 68m from UniAsia general assurance disposal for RM 386m.

DRBHICOM is scheduled to deliver first batch of 12 unit military AV8 by end of the year. Full scale of production of AV8 variant will start next year onward. These AV8 contract is worth RM 7.6 bil, carry gross profit margin 20%, is for total 257 unit AV8 to be fully deliver by 2018.

hng said...

Puncak advances 2.1% on additional allocation from govt for Selangor water assets

KUALA LUMPUR (Nov 6): Shares of Puncak Niaga Holdings Bhd ( Financial Dashboard) rose at mid-morning on Thursday after it was reported that the Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili saying that the federal Government had allocated an additional RM3 billion to help the Selangor state government take over the state’s water concessionaires.

The Edge Financial Daily reported that this was based on the premise that the “Langat 2 water treatment plant must go on”.

At 9.58am, Puncak added 2.10% or seven sen to RM3.40 with 23,800 shares traded.

RHB Research in a note Thursday said the additional coffers from the federal Government could potentially translate into an improved offer for Syarikat Pengeluar Air Sungai Selangor SB (SPLASH) to entice the latter’s existing shareholders including Gamuda to take up the offer.

“On Puncak per se, we expect net proceeds of RM1.56 billion from the proposed disposal (based on the state government’s latest offer) of its water assets and operations to remain unchanged.

“That said, we are positively encouraged as this latest development could help to accelerate the completion of the proposed restructuring in its entirety,” it said.
06/11/2014 15:15

hng said...

Today, sold most of my KPS holding at 1.75, realize handsome gain

Sold off also all Puncak at 3.42

horse said...

Congratz hng. ^^

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