Stockker I have no idea. The taiwanese have been selling since last year. However, the risk of this business will be:
1. less than expected dividend.
2. US economic recession.
3. MYR gets stronger.

This coming quarter I will expect a weaker quarter due to the weak USD in past 3 months. My average price is around 1.2-1.5. I will only consider to add in more when price dips below my average price. Coincidentally writer from the edge shares the same view of mine. Please have a look at the link below

http://www.theedgemarkets.com/my/article/stocks-likelihood-corporate-exercise-focus-lumber

Horsefield, yes you are right. The business seems to be stagnant already. But what I am looking for is for the past 3 years,(in 2013) the business EPS is 0.14, then they reward shareholder 0.08, keep the 0.06 for themselves. To me it wasn't stated in Annual report that they are going for any massive expansion, but they are buying new machinery to improve their efficiency, hence improve their profit margin. Buying this stock we might not expect growth but having dividend yield of more than 5% per annum is rewarding for me.

2. I have looked through their sheets and I could not find the reason why. Perhaps you could enlighten me on this?

3. My idea of fair value is assigning 15% discount on the 3 years average FCF which is about 11 million. Then expect the FCF to grow 1% forever.
Or the other way round, if the management pays 0.06 sen of dividend as the worse case senario, at RM1.50, the dividend yield is 4%, which is exactly what you get in the bank.

Kakijudi can you share where did you found the information about 3 million Great Eastern share? I was browsing through the annual report but no info can be found.

Exactly. How the management is going to unlock the value, we dont know. At least we can estimate the value of assets that the company owns. If you trust the value of the business, buy the share and grow with it.
If you look at the trend, the share price is supported at RM1.66. RHB has completed private placement at RM1.70 few months ago. You know the downside, why dont sit down and enjoy the show?
在股市，“先知先觉赚大钱，后之后觉赚小钱，不知不觉赚不到钱。”

It is entirely up to management decision. At least last year when they monetize, we can enjoy 6 sen special dividend up to 2017. If they monetize in next year or 2016 when Zhuhai bridge completes (land price soars), I think early dividend yield will be more than current 5.9 percent as stated in HLIB research.