As we punters are probably aware, Malton is the developer in Malaysia responsible for some luxury projects such as Amaya Saujana, The Grove at SS23 PJ and The Pearl @ KLCC.
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They are now circulating around the blogs about being cronies of the current regime. Whether this is a positive or negative thing will largely depend on us, the punters:
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Desmond Lim - the new Chinaman kingpin of Putrajaya
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Desmond and Cindy: new crony kings?
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The other day went to Bukit Rimau, noticed some new shops besides the new proposed Carrefour. When inside the showroom and checked out. All fully sold without launching. Bought by the developer's own people. How can? Thought they are public listed. You cannot simply built and buy back using shareholders money. Like that minority shareholders buying your shares in KLSE will be fools. Utterly unprofessional and disgusting!
u r right. this is like insider trading... and to make things worse, the staffs, directors (and families) all buy at a huge discount and get 1st pick of the cherry
And they sold the new units to 2ndary market and pocket huge profit into own account rather than company account. If not insider trader, what do you call that?! Hope the whole country will wake up and see how they being con!
then the area dun become wong lor, let them hold till they dry
Bro, their shares are shooting up. I received news from my OSK banker to buy at RM0.44. Today its RM0.60.
Might go higher because of the recent prime property he bought and his political ties.
careful... don't speculate... might end up like Patrick Lim a.k.a Patrick Badawi. When BN lost Penang, his shares slumped and then Pak Lah stepped down, his company totally paralyzed
His company was saved by Datuk Desmond Lim
I think Malton can touch RM0.80 soon. They just bought a massive land that has a GDV of RM1.5 billion
Announcement has not been made yet, but the shares are trading based on insiders information
appreciate your insights...but i must caution punters that my experience with "insider information" has always been a 100% loss.... so, i'd suggest to stick to investing in properties
We all know that Datuk DL of Malton got the 40% stake in the consortium to redevelop the Sg. Besi RMAF base because he is one of the cronies.
Thanks all insiders for insider news. This kind of company for guerrilla warfare buyers, shot and run far far. Long term cannot hold one. Today you see him, tomolo he is gone. So you have to run before he disappear.
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