Ivory- Master Fong Siling's stock

Fong Siling's Ivory stock... Will it rock?

According to Mr Fong Siling, choosing a property stock should take into account relevant factors

Above is based on the point of view of the assets, PE ratio and dividend rate to assess the value of the stock before you buy, it is best to be done more homework:

1. Basement? When to buy? Can be used for the development of many years? 
What is the location of the land? Area room demand it? 
3 of the company's liabilities. 
4 sold the house, but no payment is received how much? (Unbill Sale). 
5 five years to the company's performance? Management is actively developing business?

Well, what so great about IVORY? 

• latest Q2 results showed eps 7 cents ++ , including the 3 cents from Q1, it is almost very easy to achieve another 4-5 cents eps in next 2 quarters! 
• Especially with the launch of Bayan Mutiara projects at the end of 2012. (GDV: RM 10 Billion).
• So, the growth factors should not be an issue here. “We will also be launching the much anticipated City Residence project, Island Resort phase four Boutique Bungalow  and Bayan Mutiara phase one by 4th quarter this financial year,” he said in a  statement yesterday (Aug 30). IPGB revenue posted a decrease to RM47.2mil compared to its corresponding quarter of RM66.3mil. The Group foresees the revenue to improve following impending exclusive projects that are scheduled for commencement in the second half of the year.Meanwhile, the net debt equity ratio has been reduced from 0.72 time as at Dec 31, 2011 to 0.59 time as at the June 30, 2012 borrowing status.The current year-to-date net profit has amassed RM30.8mil. The Group expects its business prospects for the financial year ending Dec 31, 2012 to be favourable

But....

I just cant figure out why some of the insiders ( Ooi Choi Keat, Lim Hock Siu), still selling out the shares of Ivory despite the promising results from the Ivory, anyone can share here? 

Ivory Property revisit

With  recent better Europe economy sentiment, Ivory has kick-started its uptrend.
Higher high, Higher Low, with new high volume!
Uptrend intact!

Let rocks!!

Next Target:

With recent sentiment of raising fund for Penang World City development, Malaysia General Election around the corner, Europe crisis... Ivory dropped to the new low RM 0.55  with high VOLUME!!  Will it follow Bjcorp footsteps of dropping to newer LOW? No one will know, at this moment of time, it really looks attractive, but the Market looks DOOM!!  Lets wait and see what is happening next? Let's us time the entry point!

 Market sentiment continues to be weak in view of the General Elections which are around the corner, not just in Malaysia, also in Europe country. Future master plan of government play an important role in market sentiment. This is always a chance for investor like you, considering raising fund of RM 500 Million, to buy a land of RM 1 Billion , RM 247 psf, in order to build a new township worth RM 10 Billions! What say you?