Could someone with influence please wake the management up?

ORIENT is deeply undervalued at the moment. There are so many things the management could have done to improve profitability, market liquidity and even fairer reflection of its valuation. They even have two big plots of reclaimed lands (listed among 10 largest properties of the group) which are pending issuance of titles. Just imagine the explosion in its valuation if all these are to be unlocked.

There is still plenty of headroom for profitability to improve. Actually they could have declared 100% of current year profit as cash dividends. The business would not be affected by such strategy as it already has too much cash on hand.

I mean if we consider the fact that many of its business segments (e.g. medical, automotive, hotels and even property investment) are bound to improve significantly upon re-opening of economies, the current valuation of RM7 may still be too low.

If the management / major shareholders were to do the right things (besides taking it private), RM7 is not even half of ORIENT's intrinsic value to me!

Yes, the gain will remain unrealised until such time that it is unwound.. Agree fully with your suggestion that the timing might be right to unwind the forex loans given the substantial forex gain. As a matter of fact, given the pile of cash they are sitting on, they are not only in the position to not only liquidate/unwind the entire borrowings of the company, they can even privatise ORIENT with the existing pile without chipping in with their own money.

In that eventuality, the unrealised profit of 100mil should translate into more than RM0.15/share. A special dividend fo RM0.10/share should be in order. What say ya? ;p

Further, all its business segments should do better in view of gradual re-opening of economies, what better time to take it private than NOW!

Despite the fact that the offer price to take it private may be much lower than its book value (let alone its intrinsic value), it should be higher than the current market price. Privatisation should make sense for the management/major shareholder. Think WIN-WIN.

If the major shareholder/management decides to take ORIENT private, then they should give a fair value to the minorities, though this may not always be the case. Either way, it is still better than not paying better cash dividend, not taking action to improve the profits and sitting on tonnes of cash without doing anything.... ;)

Or perhaps the managemnet of ORIENT should shed some light on this?

Can someone with influence please talk to the management?

Even more glaring is its huge land banks and investment properties with unjustifiably low return (I could be mistaken as a layman and outsider, but its investment property stood at 1.095bil while return on investment holding is a mere 31.6mil for FY2021), the management should do better than this. It should at least disclose plans to better sweat its highly undervalued lands. Else, wouldn't it be better to dispose off and disburse the sales proceeds to shareholders as cash dividends?

ORIENT is holding close to RM5.00/share in cash & equivalents while its share price is languishing at RM6.80. Meanwhile, its interest income received per year is less than RM0.10/share per annum. How is that logical? I may have miscalculated (due to lack of info.) but the real figure should not deviate too much. Someone with influence please help by talking to the management.

If the management is more aggressive / proactive in its approach and seek better utilisation of its financial / business resources, ORIENT could be deemed undervalued even at its current price of RM6.80. It should consider giving bigger dividend (of which it does not seem to put to effective use to generate better return for shareholders), bonus issue (which should improve market liquidity of its shares) or revaluation of its vast land banks (to reflect real value of its highly undervalued land holdings).

Zzzzzzz....

Yes, but going by FY, it is 40c, making it almost 6% at current price of around RM6.70. What is there not to like about ORIENT! :)