Their land along Jalan Sultan Ismail and Genting Highlands are worth a lot of money. Genting Highlands land Book value only RM 17m. Ion Delemen Genting sold out their project (and their land is further away). I believe it won't be too generous to value their 93 Acres Genting land at RM 400m.
Menara YNH: Average land price: RM 3,000psf in the area. 3 acres = 130,680 sq ft = RM 392,040,000. Their book value is RM 100 million only!! 1.2
Based on these 2 land their nett valuation should increase by RM 675 million or RM 1.27 + 1.818 (Net Asset) = RM 3.088
They still have a lot of land not revalued.. Check their 7 pages long properties in annual report.
Stock: [YNHPROP]: YNH PROPERTY BHD
2019-05-22 12:57 | Report Abuse
Their land along Jalan Sultan Ismail and Genting Highlands are worth a lot of money. Genting Highlands land Book value only RM 17m. Ion Delemen Genting sold out their project (and their land is further away). I believe it won't be too generous to value their 93 Acres Genting land at RM 400m.
Menara YNH: Average land price: RM 3,000psf in the area. 3 acres = 130,680 sq ft = RM 392,040,000. Their book value is RM 100 million only!!
1.2
Based on these 2 land their nett valuation should increase by RM 675 million or RM 1.27 + 1.818 (Net Asset) = RM 3.088
They still have a lot of land not revalued.. Check their 7 pages long properties in annual report.