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KLSE : GOB       GLOBAL ORIENTAL BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
0.49 1.23     +0.74 (151.02%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
No Price Target available for this stock.





  15 people like this.
 
MrNobody "sticking my neck out" hmm..... laughdieme liao...
01/07/2015 22:42
kancs3118 Icon8888's 12 part articles is quite spot on about
- Da'men (which will be completed sometime Sep'15 to Dec'15 and this will definitely transform GOB),
- low cost land bank at Batu Kawan and Seri Kembangan (just look at their recent sales of 15 acres of land at Seri Kembangan), and
- JV with Lembaga Getah (Pavillion Embassy).
But then, his articles missed out on GOB's diversification into the F&B business to earn recurring income. My point of view is that this diversification may have worsen GOB.

GOB's revenue actually improved from FY14 to FY15 but there is a corresponding increase in
- their OPEX, taxation and interest expenses.

Up to today, i don't understand the following:
(1): why their OPEX spiked up? From another forumer, Opteron, it seems to come from their diversification in to the F&B business. Heck, they are even looking into expanding into China's F&B.
(2): why can't they be more like HuaYang or Tambun Indah who just focussed on developing properties? The reason why i buy this counter is their low cost landbank which will guarantee high profit margin when they develop those land. And they have Damein to tide them over.
(3): WHy their taxation is so high?
(4): Why there is a purchased goodwill in their balance sheet? Which company they buy ?
Without the above, GOB could have easily add on additional RM10M to RM15M into their net profit.


These are the questions that Icon8888 does not focus on his 12 parts article about GOB. Right now, i don;t know who to ask?

Other than that, please don't blame him for the drop in GOB's share price. He would not have known it in advance when writing those articles. There is dual impact to this drop.
(1): Property sector is not doing well. Heck, even good companies like Tambun Indah is experiencing RM1 drop from their previous high of RM2.60 to RM1.60, and coupled with
(2): rights issue which halve the share price.

He is NOT GOD, he does not possessed divine power to know about those share price in advance.

My point of view is that GOB is considered quite undervalued in terms of their RNAV but not so much in terms of their EPS.
02/07/2015 09:58
icon8888 Kane's, Why bother response to him ? He is uneducated and ignorant. Let him be...
02/07/2015 10:05
林俊松 Icon8888, I need ur help.
I plan to invest for 2 to 3 years but only 1 counter because my capital is small.
Can u recommend a stock for me?
Frontkn? LCTH? Penta? or anything?
02/07/2015 10:57
dragonking mah sing,,,lim brunei
02/07/2015 11:20
林俊松 dragonking, I don't like property sector.
Sorry.
02/07/2015 11:39
kancs3118 Really don't know why:
(1): why their OPEX spiked up?
(2): WHy their taxation is so high?
(3): why their finance cost so high?
(4): Why there is a purchased goodwill in their balance sheet?
Don't know ask who....sigh...
02/07/2015 13:05
angelbooks03 USJ 6有BRT站和Free Bas Selangorku, 也被提议连接Kelana Jaya LRT Extension,看来日后USJ6会很旺,而附近就有Summit和新建的Daimen 广场。

http://angelpoiwoon.blogspot.com ... angorku-daimen.html
03/07/2015 15:42
kancs3118 Hopefully, they will not sell off Damen....i rather they keep it to earn recurring rental income for the next few years....
03/07/2015 17:43
kancs3118 wonder whether they will declare dividend? if 2 cents, also quite good....
03/07/2015 17:44


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