Bursa Malaysia Stock Watch
UEM Land (HOLD)
kltrader
Publish date: Tue, 10 Apr 2012, 10:15 AM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
UEM Land (HOLD)
- UEM Land (ULHB) has entered into a conditional sale and purchaseagreement with TBV (a wholly-owned subsidiary of Khazanah Nasional Berhad) toacquire 122.28 acres of freehold land in Johor Bahru for RM93.2m cash, orRM17.50 psf.
- The land was previously disposed to Khazanah as part of the de-gearingexercise of the UEM World Berhad group of companies in 2006.
- We like the RM17.50 psf acquisition price, given that the Puteri Harbourland is far more prime and prestigious vis-''-vis the 65 acres of Plentong landwhich Sunway bought for RM48 psf in Dec 2010.
- Although this nearly doubles their existing 160 acres landbank in Puteri Harbour,we still argue that impact overall is limited as they already have ~5,600 acresof land in Nusajaya.
- No change to our earnings estimates. Maintain our HOLD call, andtarget price of RM2.35 (25% discount to RNAV).
Source: HLIB Research - 10 April 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-22 16:15:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-11-22 16:10:00
EMA 5
5 Mins
BUY
2024-11-22 16:10:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-11-22 10:50:00
ADX
5 Mins
SELL
2024-11-22 09:40:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
2
Koon Yew Yin's Blog
3
Good Articles to Share
5
BFM Podcast
6
Koon Yew Yin's Blog
Why all plantation companies will continue to report more profit - Koon Yew Yin
7
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
