Good news!! New external auditor appointed.. really hope more good news and price goes up higher!! pray pray -.-

https://www.nst.com.my/business/corporate/2024/03/1027785/ynh-property-appoints-morison-lc-malaysia-external-auditor

phew, luckily i average down 0.52 and now making 10% profit.. Good to trade le.. Don't you all see strong support?? hahaha..

I see the sunway extension as positive news.. I still holding at 63 cents.. hopefully the sales go thru then price shoot up

Hosehh tomorrow get angpow money liao

Flat market... Still waiting...

@gristarec then u r rather too naive or dumb..
@macdee34 freedom of speech thou. u can post whatever u wan and i can feedback..

@macdee34 please show reliable source la. who is this infopulsetoday? Mislead people ...

This is old news, during the start of the fall in mid Jan

I just realized, the article that I posted was from Maybank Investment Bank Group. Actually I got faith then hodl on ba..

More M&A deals on the way?
Any more deals on the way?

[MIBG Research] Wei Sum’s view on YNHB

🏡 Malaysian Property 🏡 -
Trading idea for those with strong heart ❤️


YNH Property (YNHB MK; Not rated; MYR0.655)
After reading a news article on how valuable are the land in YNHP, I have studied the long list of properties of YNH Properties (Annual Report 2023) past few days, trying to find out the min value of YNHP, if it had to force sell its assets. 🤯

💁🏻‍♀️💁🏻‍♀️💁🏻‍♀️ My basis and assumptions:

i) I am unsure on the exact location for the lands (except for a few pieces) and most of the land value derived based on the surrounding areas’ asking prices. And, most of the times, i take the lowest asking price around the area to value YNHP landbank (for eg, the land opposite Dang Wangi station);

ii) to be conservative, I exclude land under joint development properties and joint venture deposits paid (except for the land sales in Desa Sri Hartamas to Sunway) since I don know what is the JV structure and stake of YNHP in these landbank/ projects.

iii) if I couldn’t find the asking price for certain area, I value it at zero; and most importantly,

iv) it is a very very rough estimate. As mentioned, I dont have access to the company and my aim is to get the minimum value of the company if it was forced to sell its assets, hence, in my calculation, I exclude investment properties like shop lots, hotels, JV projects, and landbank I don’t understand or have no clues … in order to play safe. I only include major assets held for sales like AEON shopping mall and K163 retail park 😅🙏🏻🙇🏼‍♀️.

v) 💥💥💥 all information are from annual report, YNHP website, property websites.. I have not spoken to anyone in YNHP and no access to extra info. 🙏🏻

my rough RNAV est on YNHP= RM3.55 (excluding perpetual securities)

BV as at Nov 2023 = RM2.23 (including perpetual securities): RM1.57 BV excluding perpetual securities.
P/RNAV = 0.18x
P/BV = 0.42x

Hope this help and provide some clues, if you are looking at this stock.

Extra note:
I only include landbank with these description property ie:

“Planted with oil palm tree and approved for development”, “vacant land and approved for development”and “vacant land”

I exclude land under “property, plant and equipment”, “development properties”, “investment properties”, “joint development properties.”

actually the price holding strong and I think selling assets to overcome current problems is way better than just gone bust like Serba. I will hold on with my investment :)

The photo was so real. Sunway injecting 0.43 billion for two property deals. More deals coming?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3418231

Got some angpow money! Huat a!!

@mohdshareef just randomly saw from FB group..

Saw this post in FB. Sunway Group is going to be white knight for YNH?

https://www.facebook.com/share/p/CxZ24DcJKCwJFkks/?mibextid=A7sQZp