Yes, sure, it is still very under value in terms of NAV !
I think Kenanga is more conservative in valuing their land value.. Even Public Bank is very conservative in getting the RNAV !
I remember I read in somewhere in 2007 CIMB already give their RNAV at 2.00 ( even before the property boom !)
What is their land bank market price ? I remember they just sold their Damansara land at 200 psf ! So help me to do the math Nemesis !

"MK Land's main landbank include 170 acres of undeveloped net land in Damansara Perdana and 55acres in Setiawangsa, Kuala Lumpur. On our estimates, these plots of land alone should be worth at least RM1.6bn as compared to its market cap of RM360m."

According to their 2013 annual report :-
Total land they have about 5000 acres in whole Malaysia, this is not including office suite, Bukit Merah Themepark & hotel, service apartment, Bukit Jana Gold Club in Taiping and shop lots. If you try to add up all the land and property they have, total is about 5806 acres.
Wow!! Read Carefully is about 5806 acres. If they not interested to develop some of the land, they might just sell it with good price!!! So, grab your calculator and do your own calculation now.

In fact, to be honest, I lost count !! The true value is too astronomical for me to grab !
One thing for sure, it is f*cking under value until I even can't believe whether there is any typing error there !! Hahaha

I suspect if they did not sell investment property, their property development segment will produce LOSS ! Yes ! They are that bad ! Don't forget they still have some LAD issues not yet settled (arising from projects undertaken 5-10 years ago !)

As my only analysis on this company is :- they will in fact make more profit by just retrenching all their idle inefficient staffs, cutting all unnecessary costs and concentrating on selling their lands piece by piece !!
If they start launching big projects , I will start to worry they might eventually screw up in late delivery & bad quality issues and eat into profit ++ financial charges and ending up at big loss !
One sentence say all :- They don't have the expert or personnel in property development !
Unless they head hunt some good property development experts like Liew Kee Sin or the like ... Don't bet on them to deliver good profit in property development !
Or to joint venture with other shrewd developers to develop their land !
That's what I would like to advise Tan Sri Mustapha !
I bought the company share is not because of their development skills but because of their strategic land bank !

Nemesis, go and read carefully 'note to account' para 18, it says the higher profit in property development segment is mainly due to disposal of investment property ! It explained the gain from disposal of the land at Damansara !
In fact their report not very transparent, trying to lump everything under 'property development' profit that's why you have no way to trace how much actually gained from selling developed house units and how much gained from selling land !

After lengthy promotion (strong buy call) from Calvin Tan Research House & Steven Young Research House + + negative comments (strong sell call) from Berry Research House ... I have decided to wallop 100 lots more at 0.50 this morning !!

We are heading to Holland !! :(

Wow ! very strong Q at 0.485, mostly from Nemesis ?

This Nemesis is holding 1.28 millions shares ! Don't play play with him !
COme on to all Mk land minority shareholders, let's pull our resources to gether and fight with dumping KASI !!!
1 person Q 100 lots (big lot), 2000 persons will Q 200,000 lots already (200 millions ) .... sure can fight Kasi's 200 millions army !!
Go and ask your frens, ibubapa, abang adik, girl frens boy frens , anak anak , uncle auntie, cucu cicit, ayam itik ..... all join force to fight Kasi !!
hahahahahahhaha
(Nemesis, I am helping you now )

Datuk, in order to convince Berry, kindly ask your kampung mate Vincent cepat cepat goreng UP the share lah !! Bring him to private club in Japan will do the trick ! hahahahah

hahaha, datuk, would you wear RED PANTY at next AGM ?

Berry, when you attended AGM, did you meet datuk ? He is a top 30 shareholder ? also have a similar misai like Vincent ?

Hey ! Calvin tan, RNAV ?

Besides, Vincent 's kampung mate Datuk here to support also ... why worry ? HAhahahaha

Berry, those shareholders are desperate because they bought at HIGH price ! Best advice to them, pour in more capitals and average down at this under value counter at this dirt cheap price ! I just researched this company vide Calvin Tan Research and straight away went into ectasy and saliva dripping non stop !!
This company is endorsed and highly recommended by Calvin Tan Research House, anything goes wrong, go and look for Calvin Tan !! Hahahahahha

datuk, your brother Vincent losing millions of pounds runnning football club in England ! If you can run a private-chicken-club-house in China, you will easily come back and take BJ Corp private already !!
HAhahaha , this is no joke !

Calvin Tan, have you read my request regarding the RNAV of BJ Corp ? Has Calvin Tan Research value it yet ? TQ

Thanks for the daily hard core promotion from Clavin BJ Tan ! hahaha

Datuk, you dream to ..... own a chicken farm ?! Hahahahah

So Datuk & Vincent started off as chicken-feeders at Ayam Sulu ? (wild guess from name sake.. hahaha)

LokLok is real newbie lah.... ayam baru, Datuk is real oldbie lah .... burung tua, Aku is somewhere in the middle ... half past six-er !
hahahahah

Why called "ayam sulu" ? many ayam-ayam there kah ? ! hahaha

"Ayam sulu" ? what does it mean ? Sama-sama pergi cari ayam ?
hahahahahaha ... joking !

Joke of the day to cheer MK Land investors :-
"MK Land share now is like an old man's dick ... Just refusing to rise and the irony is that all investors are still getting screwed !"
HAhahahhahah

Datuk, is Vincent your abang adik ?

I think chicken investors offload one by one and go to play other top volume penny stocks ...

The price keep sliding down bit by bit and NO EYES SEE ....

Must ask "datuk" this burung tua for advice ... he said he was top 30 shareholder, and he sounded like VT is his abang adik, maybe he is part of the "goreng" team ? hahaha

As I just said " Don't care whether you are stock expert or "burung tua", as long as you could guide me to make money, you are a good bird !"
hahahahahahahahha

How long shall we minority shareholders hold this stock ?

Yes, you sound like a stock expert ! Definitely a value investor !

So you do encourage people to invest in BJ Corp then ? !

Wow !! Jangan main main ! Datuk is a big big shot here !!
are you a value investor or retail punters ?

What is Datuk's reason to "dance with wolf " ?
sound like you are a fan of BJ Corp also ... !

Whatever the F it is, as Teng Xiao Ping used to say :- "Don't care it is a black cat or white cat, as long as it can catch mouse, is a good cat !"
translated in share market :- "Don't care it is a asset play company or speculative play company, as long as it can bring me money, is a good company !"
hahahahahaha

What I can read from the constant low-price valuation of BJ Corp by public is due to the stupid and emotional perception that VT tried to cheat them lah, VT is a con man lah, VT will wallop you lah .... but those investors wounded by the down swing of the share price failed to realise this one thing :- "who ask you to buy the share during peak ?"
"Be fearful when others are greedy, be greedy when others are fearful !"
Since many investors have been screwed from the back by this "conman" and grow fearful, I rather keep a cool head and analyse its under value assets and be greedy !!
It is time to exploit others' illogical fear and make a killing out of it !!

Nemesis, what a bloody brilliant quote !! hahahahaha
I bloody agree !!

Yes, NTA is based on cost value, i.e. the price they paid for the land when they bought 20 years ago.... the cost price they acquire the shares many years ago, the cost price they acquired the asset the subsidiaries etc....
what we are interested is the RNAV (revised net asset value) i.e. the market or fair value of the huge assets BJ Corp is holding !! Once you know how to work up from your calculator, it will send value investors all the way to ectasy !! !

To be fair to followers of Calvin Tan's Research, can you reveal how many stocks you hold for BJ Corp ? Hahahaha

Calvin BJ Tan, based on your method of valuation or Calvin Tan's Research, what is the "net net" or "sum of port" value of BJ Corp ? 2.50 ? 3.00 ? 5.00 or 10.00 ??

Maybe many hard core supporters either capitals got trapped here or got burnt by playing contra ... all licking their wounds and dare not even check the share price anymore ....

Calvin Tan, you are the best !! Clap hands :- pak pak pak !!

Calvin Tan, you are a stock genius !! Follow you sure no Holland !!
Hahahahahaha ....

0.49 resistance going to be broken by Kasi's army !!!

Calvin Tan, please come forward and debate with tt101 ! hahaha

leasehold land still how many years left ?

The only explanation :- "KASI" !!

Tan Sri Mustapha Kamal shall take the opportunity to have more publicity to promote MK land ! Then only the share price can shoot UP !!

Today market volumes very high, almost reach 3 bil even before lunch !!
Please please please !! All hot money come to MK Land counter !!!!

Faiz, hahaha, very honest !
That's why those big sharks can read the retailers' psychology and manipulate share price !!

Yes, hope his prediction on BJ Corp is right ... >>> all the way to 2.00 !!!