But KSL is different

I realise buying property companies based on NTA is not wise

However it's Net Working Capital Assets is at 93 sens

Naps is a useless indicator

GG China 新发地市场 virus outbreak. Very large market. Zero infections for consecutive weeks does not mean COVID free. GG the world. Only vaccine can save us. Gloves will fly very very high in the meantime.

Highly leveraged company, good profits due to the leverage

@Jackkklkk they where got cash out their stake? On the contrary, I saw the announcement they bought shares

Have to wait for 2 years to see if this company is any good. Let them finish their expansion.

@RainT Innature is not a good company. Growth slowing, not justified for its high PE. Franchisee rights is tied to the founders, founders die, company gg

When it's factory start churning out goods, that's when sales should rise. However, left only one question. Can it push more products to customers?

That means something in this business is working. The business model I mean. Read their annual report to understand their business model

I cannot stress any further. Nova results now is before factory opening. Still, its profit is rising and able to offset IPO cost, plus higher admin expense due to enlarged company

My calculation is RM 1.40,

Intrinsic you calculate urself

Fair price is RM 0.30

Example: Its PE is twice lower than Mahsing, its NTA is twice higher than Mah Sing. Can't remain undervalued for too long, especially now that the value is getting very deep. As opposed to 4 years ago

5. Property companies are ridiculously undervalued. KSL is undervalued among undervalued property companies

If it continues to stay below RM 1, soon, in 5 years, this share nta will be around RM 4, if Klang Mall successful, maybe even RM 6.

Imagine if it continue to just make 20 sens a share, that is like ROI 30 percent

4. It is not as attractive few years ago I agree. But value has emerge since its Klang Mall is nearing completion, and it has accumulate alot of earnings since 4 years ago. Every year for the past 5 years it made about 30 sens a year per share

3. It is in a net cash, my meaning of net cash is cash minus all Liabilities, left RM 7 million. Mah Sing cash after deducted all liabilitied is - 0.50 per share

2. KSL mall is a very famous mall in Johor. Compared to other prop Berhads, KSL manage to maintain its profitability for the last 5 years thanks to the steady reccurent income from malls and hotels

1. KSL land bought at very cheap price, before Iskandar even became known. I heard it is like 500 vs 50 per sqft difference. I am not very familiar with the accounting treatment. But since it is under inventory, I don't think they have been adjusted for fair value. Note: Many property companies also got this hidden value, so not a huge gem, but still very good

Let me list down a few hidden advantage

I struck a gold mine

This year won't declare dividend. Next year maybe not. But 3rd year I am confident it may

I preditc company will issue dividend within 2 years after Klang Mall open. Why? Because much lower capex. Now this company basically is a cash cow. Don't miss out. means much less cash burn

I cant wait to retire. Whoever wants to retire with as a millionaire this is the stock for you

Just want to know how likely will the offer materialise

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Downside risk much higher than upside. GENM have a long road to recovery. Nobody wants to hold for so long. This price is not the cheapest you can get either. Still, I have confidence in GENM. So I bought put warrant to hedge my downside risk. Not going to sell my favourite stock

Real purpose is control world population.

But not to protect from COVID

Vaccine will definitely come out within this year

I don't care how many resources you put into developing vaccines. There are much more obstacles than just human resources

They haven't had a vaccine for Sars or even dengue.

Post removed.Why?

Post removed.Why?

Shut up gtrade. You didn't see pyramid? Full house

If you still believe in GENM, don't have to sell it. Just buy the put warrant to minimise possible future losses

I don't think we will have dividend in 2021, maybe in 2022 can restart dividend

At least 4 years, minimum

1 to 2 years also cannot see recovery

I think most of us here still trust GENM, most are willing to hold through this crisis. But because we really cannot tell what will happen, I bought some put warrants so when it declines alot, my losses are minimised. Best solution for me

Okay, i solved my proboem

What do you think about buying abit of GENM put warrant?

Minority or not, I still own the company

I think its business landscape has completely changed and I should sell it

It's revenue plunge by almost a billion. Imagine in Q2, the revenue is literally zero. This company is going lose billions in this year alone. Very dim prospects

Even without the impairment loss, it lose alot of revenue. And it is still red. Very bad times ahead. It has been proven the pandemic will damaged GENM alot