Author: Charles Tan
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RM3.90 today, RM4.85 near future and 300% up in profits.
How many listed companies in BURSA can claim to have a 300% increase in net profit? Not many if you look around. In fact for banks, if they can grow by 20%, that’s like a record. MKH Berhad did just that. It’s net profit for Quarter 2 ended March 31 increased 300%. This was contributed…
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362.8km of tolled roads in Malaysia belongs to IJM, soon.
One thing which some developers do, once they obtain sufficient reserves from the years of profits would be to buy up businesses with recurring income. This helps to stabilised their earnings as well as to ensure they are still profitable even during slow times or if it should happen again, a financial crisis. A new…
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My First Home Seminar
There are seminars about buying property every weekend these days. In fact many are conducted by ‘property gurus’ whom you have never heard before. I am not saying they are no good but would you want to attend one where all the speakers are equally good? The below seminar is a special CSR by GM…
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5 properties, 6 Months, Profits from stocks
A friend started reading many property investment books few months ago. She has accepted my two lunch invitations though she loves to eat by herself as she spends her time efficiently and effectively, for investment. She asked me if Ipoh is worth buying. I said, for rental, no. Even Penang is tough when we are…
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800sf CONDOMINIUM for just RM299,000 – Better be quick
Sorry KL folks. Such deal are available only in Penang. This was announced as Penang state’s first privately-initiated affordable housing project. Not much details were available except that the project is in Mount Erskine in Tanjung Tokong. However, with a price of just RM299,000, I can safely say that the number of registrants would far outnumber the…
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Developers can be jailed now. Buyers beware though.
Yes, after the amendment to the National Housing Development (Control and Licensing) Act 1996, developers may now be jailed as well as hefty fines. It’s meant to tell every developers in Malaysia today that should you want to build homes, you should be serious.Under this new amendment, any developers found guilty of abandoning their projects…
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Profits dropped 70%, sell or hold or buy?
One of Malaysia’s largest developer, IOI Properties reported a 70% on quarter drop in net profit for Q1 of 2014. Government price-controlling measures were cited as one of the reasons. If you own their stock, what would you do now? Quickly sell? If you sell, they call this knee-jerk reaction. However if you did not…
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RM8, the right price for Eco World and other picks
Don’t worry if you can’t afford Eco World’s project. If you really like this company which is being looked upon as potentially a new world class developer company, then buy their stocks. Fancy a return of 72% based on the price you pay? You may get it if what CIMB says come true. Recently, CIMB…
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8,700,000 sf of land for PR1MA in Penang
A piece of land with a size of 80.94ha in Teluk Bahang has been bought for the 1Malaysia People’s Housing Scheme (PR1MA). This is indeed a positive news for Penangites who really wants an affordable roof over their head. Then again maybe some wants to wait for the affordable ones to be built in Baru…
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Unlicensed agent, Unprotected owner, RM300,000 fine to media.
Unlicensed agents, especially the illegal brokers operating everywhere in Malaysia today should be aware that a fine of up to RM300,000 awaits them if they are caught. This is a warning from the past Malaysian Institute of Estate Agents (MIEA) national president Nixon Paul. According to him, the problems of illegal agents are not happening…