Yup. Cash is the king. Plenitude's net cash is RM396m or 43% of current mkt cap of plenitude.. I think it will rebound on tue when mkt open. It tanked because the share price has gone up quite some levels before the results came out just like MKH. So, investors just took profit lo. And retail investors probably think the results were bad bcz of weaker 4Q results. Nevertheless, full-year improved 12% which is relatively good. I would say Plenitude is the best amongst SHL, SAB, Daiman and even better than KSL.

worth to take a look! Very cheap level

新協利估值有望倍增



（吉隆坡22日訊）新協利（SHL,6017,主板產業組）的資產賬面值偏低，分析員認為該公司的資產至少值10億令吉或每股4令吉26仙，一旦旗下高爾夫球場改為產業發展計劃，其估值有望倍增。



雙溪龍地段或重新發展

大眾研究指出，新協利以發展雙溪龍鎮而著稱，該公司在吉隆坡市郊擁有約433英畝的低成本地庫，其中最令人感興趣的是在雙溪龍鎮的160英畝高爾夫球場地段，每方尺賬面值僅為18令吉，管理層曾暗示有朝一日可能重新發展該地段。根據市價每方尺130令吉計算，該地段至少值9億令吉。

由於該高爾夫球場的會員有限，該公司更容易在未來進行重新發展計劃。

“我們認為該公司的地庫和產業至少值10億令吉（或每股4令吉26仙），潛在倍增至20億令吉（如果展開重新發展計劃），相比其目前市值僅為5億6千100萬令吉。”

新協利手握3億零600萬令吉現金，或相等於每股1令吉27仙，該集團過去5年每年至少派息8仙（60%派息率），相等於3.5%周息率。2014財政年（3月結賬）則派發19仙股息，相等於83%派息率。

大眾研究表示，新協利多年來保持低調和未為投資大眾所認識，目前價位比其合理價（重估淨資產值）4令吉26仙折價45%。不過該行未給予任何評級。

至於該股的投資風險包括股票流通量低，公司股本共2億4210萬股，只有約26%自由流通股票，3個月平均交易量僅15萬股，而管理層何時釋放其資產價值也是未知數，同時分析員無法和管理層會面以取得指引。

在分析員唱好的消息帶動之下，新協利今日股價走高，閉市時上漲38仙至2令吉70仙，為全場第三大漲幅股。（星洲日報／財經‧報道：李勇堅）

Privatisation again ?
Got buying interest after dropping so much.. Tick Tock Tick Tock

Shall b breaking RM1 by tomorrow. Dunn miss it!

it would likely run on Monday. 10-20sen upside from current levels should have no problem

We recently had a meeting with Daiman Development’s management in Johor Bahru and came away with more positive prospects of the company after seeing the upcoming developments. We are convinced that the developments will spark renewed interest in the company and would also become one of the key earnings drivers for the group’s future earnings. The upcoming JV development in Plentong as well as the opening of “DoubleTree by Hilton” hotel next month in Johor Bahru will see exciting recurring income
coming on stream soon. Meanwhile, we also see further deep underlying value in the company after re-rating the commercial land in Plentong from RM70/psf to RM140/psf as we decide to benchmark against the transacted price used when they disposed the 50% stake in the 12.3 acre land to its JV partners. Consequently, it also revised the company’s fair value from RM7.22 to RM7.79 per share or RM120m higher

from public bank ...

It is going to fly tomorrow.
Highly likely going into shariah compliant list