KingKKK

Which stock do you think will be the winner in Q1?

1 month ago

gohkimhock

let's this be 2024 whole year. Not just Q1..
Before we go further, we have to look at Penang. It is very similar to Hong Kong.
The top 10 richest in Hong Kong
Li Ka-shing; US$36.2 billion - Cheung Kong/property
Lee Shau Kee; $27 billion – Henderson Land/property
Henry Cheng & Family; $22.1 billion – Chow Tai Fook/jewellery
Lee siblings; $17.7 billion – Lee Kum Kee/consumer
Peter Woo; $13.7 billion – Wheelock/property
Joseph Lau; $13.1 billion – Chinese Estates/property
Lui Che Woo; $12.1 billion – Galaxy Ent/entertainment
Kwong Siu-hing; $11.4 billion – Sun Hung Kai/property
Joseph Tsai; $8.5 billion – no info..
Francis Choi; $8.2 billion – Early Light/consumer & property

Property developers dominate 6 out of 10 in the list above.
E&O base is in Penang. Land are scarce. Population is getting bigger. This explains why people are chasing up E&O as it is currently still undervalued. E&O intrinsic value should be traded above RM2.

1 month ago

KingKKK

Yes I was surprised to see E&O charging ahead and risen to become top performer so far in Q1. Market is always right.

1 month ago

Goldberg

SP Setia intends to maximise the value of its investment assets by utilising REIT

Maybank Securities Research has increased its earnings predictions for FY24-26 by 1-55% and the target price to MYR1.66 (+38sen) based on a higher 0.5x FY24E Price-to-Book Value (PBV) ratio (previously 0.4x). This adjustment reflects the positive expectations for earnings and the financial position.

The research business views the proposed REIT as a way for SPSB to reduce debt and realise the value in its investment properties, enabling the company to keep a share in these assets and collect dividend earnings. The REIT might also help with future additions of SPSB’s mature assets, allowing for the recycling of funds.

SP Setia's Net asets backing per share is RM2.90

These properties could consist of :

Shopping centre- Setia City Mall, Setia Eco Hill Mall, INC by KL Eco City, Setia Walk

Hotels - Amari Spice Hotel Penang & Amari Kuala Lumpur

Conference Centres. - Setia City Convention Centre, Setia Spice Convention Centre Penang.

1 month ago