Posted by valueinvestor > 2011-11-16 21:15 | Report Abuse

Ideal for privatization? Profit is rising yoy but it is still traded well below NTA with net cash position which will be good and handy for offeror later on.

Posted by luckyman > 2011-11-17 08:43 | Report Abuse

WoW! > RM 200 mil in hand. Worth to be privatised!

Posted by jtpc2006 > 2011-11-17 09:00 | Report Abuse

dont understand, article also said the revenue declined from the preceding quarter's RM167.9 million. 40.1% decrease was mainly due to lower billings from property development??

Posted by luckyman > 2011-11-17 12:33 | Report Abuse

Trading volume and share price seem to be building up again....

Posted by EdmundSSKoh > 2011-11-17 15:49 | Report Abuse

Target price???

Posted by valueinvestor > 2011-11-17 23:27 | Report Abuse

At current price of RM0.73, it will cost the major shareholder < RM200 mil to privatize the company which has > RM200 mil cash! So, good possibilities for it to be privatized!!! In other words, the shareholder can later get back from the company the monies that he has to pay first to privatize the company when he has fully owned the company then.