I FOUND ONE COUNTER CHEAPER IN TERMS OF VALUATION COMPARED TO GOB!

EUPE is currently trading at only 26% of its RNAV, ridiculous cheap! what are you guys waiting for?

Kedah-based property developer EUPE Corp Bhd expects to launch its maiden Kuala Lumpur projects with a combined gross development value (GDV) of RM720m this year. Group managing director and CEO Datuk Beh Huck Lee said the residential projects in Cheras and Bangsar, with a tentative GDV of RM260m and RM460m, respectively, would start contributing to the company’s earnings in the financial year ending Feb 28, 2016.

Assuming RM720m is sold in 4 years @ 8% = this piece of land alone RNAV is RM110m.
90% of EUPE's land are acquired and valued on 1996-2000 at about RM200m. I assumed a conservative approach, where all the price of the lands here are revalued at a double of 10-15 years ago, which would be RM400m

KL = RM110m
Kedah/others = Net book value x 2 = RM400m
Cash = RM22m
Borrowings = RM53m
RNAV = RM479m/ 128m outstanding = RM3.74

Although last year they made about RM12m profit, which is about PE of 10x, however, the Cheras/Bangsar project will keep them busy for the next 3 years, which earnings could be contributing about RM30m from this development alone, making it to be valued at P/E of 4x!!!

RNAV of RM3.74! Given its size, I am valuing it at 50% discount, hence target price RM1.87, mind you this RNAV is very conservative where I only factored in a 100% increase in their land value in Kedah for 10-20years, on average 15 years!

Someone just tell me, whether my value is correct! At current price, only trading at 26% of RNAV! ridiculous!

would this be next GOB?

wow, who is gorrenging this up ?

makan some cw for cmsb, after split and bonus should be seeing RM3

don't create alot of accounts la, i know you miss out this gem, nevermind, you can buy at 1.06, hahaha

monkeys? brother, GOB is up today

we need new captain here! shifu abandon us already, haih give us fake tp then sendiri cabut!

another datasonic haha, creador is long term? nolar, they sell after a year, probably they are selling bonia and ghl, that is why, somemore datasonic factor, double blow!

lets all buy then sure rebound haha, no volume one, my shifu sudah hilang, aiks @@

haha, so obvious nasri just created account just to bash us, nevermind you can chase high tomorrow k, don't cry like a baby here

you can give comments lor, but don't give those stupid comments too, i welcome people to scole me idiot too, nasri, i can sense you miss this ride, is ok, don't be a cry baby scold use lar, you scold us babi also, base on what basis? did I make a stupid comment on GOB?

1.71 is actually its support price, today it broke down, recover back, tomorrow if green should be a good sign!

PRESS metal will be a RM3.50 stock soon, mark my word! PE 100? it is only 8x, you didnt calculate its growthm, last 2 quarters get badly hit by their plants fire outbreak!

hopeman, ignore those idiots, knm also cut par value, cut par value is one off, after they cut, is time to move up, gob TP BY RHB IS 1.72, i see further upside tomorrow to 1.20 !

lim, if karex down 20% your money wiped off, all, maybe 20k gone

karex will be like dsonic soon, mark my word

dsonic trading at PE30x then it crashed 40% to PE18x

karex also PE28X, crash to? 20x you will cry already

wow wow, tomorrow can go up somemore? good run up by all penang counters, gob and malton especially damn undervalued

malton RNAV is 3.60, you are buying at 70% discount now, what to scare? SBC COpr is now 65% discount

GOB is now 65% discount

just buy and close your eyes, wake up next year, at least up 25%

by the way, RHB came out with a report valuing GOB at 1.72

guys, this is a no joke undervalued share , same like SBC

rnav 2.90

now you only buy at 35% of your RNAV

rights issue with free warrants somemore, super buy call!!!

please trap us till 2.80 !

DONT SELL your SBC, buy E&O, hurry, both undervalued property counters!

buy nowwwwwww, ambank target price is RM3.90!

valuemaster is right again, sadly my sifu quite useless liao, can't rejuvenate this counter, sad case

watchout for signal, i am thinking is tomorrow, 26c

this is not a contra stock, just hold you can sleep well

cybert change of all board members, i think will fly till 15cents man

very undervalued counter, rerating starts, RM3 should be no problem!

waliao, up like madd

ALL iskandar/pengerang presence up one by one, just grab?

Properties - DBHD/CRSBLD/ECOWORLD/TROPICANA/KIMLUN/AZRB/ GADANGGG

buy nowwwwwwwwwwwwwwwwwwww, next leg 1.72

nobody give a damn on daya now, but those people will be yelling to buy at 35cents soon

go for KTB, tomorrow might propel again, look at today's volume after 4pm, something is cooking, receive this tips from a reliable research team that its value could reach 50c, buy at your own risk

ya, valuemaster hit the right note again, i guess slowly 2.80 will reach

just hold, guys, if you want another new stock idea , consider KTB, same target 50c

walao once i posted, all eat up my shares, damn you guys, should have collected more

50cents

congrates, i like to thank icon888 for his article, keep it up bro! =)

why up so much today? looks like got deal cooking?

got somebirds told me some tips, valuemaster what is your price?

my sifu, flowerpower now learnt a new skill, hehe, must learn from him too, sifu sifu where are you?

gadang is riding on uptrend, RM1.50 possible

let those naysayers sell, samudra has shares of destini which worth RM0.90 , so if you are patient you should collect it, good price now!

samudra once place it to soemone, then samudra will be a net cash company, haha

no they won't lose money, just that the owners will gain more money! the game is try to buy as close price as to the owners! that is why, i don't recommend a buy after 30cents ( a double of owner price)

eg, malaysia aica owner price RM0.85 - now RM1.50 (surge of 90%)
ecoworld owner price RM1.40 , surge more than 230%
dbhd owner price RM0.50, now RM1.18, surge more than 130%
barakah owner price RM0.6, now RM1.50, surge more than 150%

so for safety purpose, try to buy when it is below 100%, most of the stock will be trading more than 100% post acquisition, of course ecoworld is an outlier, dbhd with royal coming in, should not be a problem to hit more than 150%

breakout 1.25, very positive, could it reach 1.35 tomorrow?

get ready for? this stock looks bullish

impossible bonus issue rejected, don't listen to rumours, as long as the company has sufficient reserves, bursa could not reject the bonus issue

steelheart, after rights issue, your stock price will become theretical ex rights price, depending on how much the company is raising, it would not stay at RM2.70 of course, but definitely above RM2 as I don't see ranhill shareholders to subsribe at the same price as minority

steel heart i think ayamtua have some luck here, don't shoot him, he may not have the knowledge all those, anyway, tomorrow symphony most likely will go up, but mind you, don't chase high, above 30 is not a good price to buy

i duno who commented on who lar, anyway, I don't think symphony shares will be goreng till RM1, nor it will be RM0.15, so take your own risk, goreng will goreng, the matter is what goreng target? 40CENTS? anyway 30cents for me, conditional on sentiment