Posted by feifun > 2014-02-10 19:17 | Report Abuse

value on paper only, no dev on the land or dispose the land will not bring any actual profit.

Posted by lepeng85 > 2014-02-10 20:56 | Report Abuse

once it sell off its landbank, then surely bring a lot of profit lor

Posted by KinSoon Kok > 2014-02-11 02:24 | Report Abuse

If they develop them then the actual profit is shown in the financial statements n benefits the share holders. If they dispose them then depend on how the disposal is booked. Under table ma......U think they'll b generous 2 u?

Posted by KinSoon Kok > 2014-02-11 02:27 | Report Abuse

I still agree with Warren B. Invest in business but not NTA. If so care about NTA then go buy properties.

Posted by choonhock > 2014-02-11 08:34 | Report Abuse

上次也是这样说brem。

Posted by choonhock > 2014-02-11 08:39 | Report Abuse

十年都没给股息！大股东什么心态呢？

Posted by YiStock > 2014-02-11 08:46 | Report Abuse

On the other point, NTA is a good collateral in time of crisis...

Posted by Steven Yong > 2014-02-11 08:47 | Report Abuse

loousy management, keep on dig money only. 20mil consultant fee? I PUI

Posted by JENNY6088 > 2014-02-11 08:48 | Report Abuse

kikiki ,Tan Sri L K Y gun man in action , better lari .

Posted by tjhldg > 2014-02-11 09:27 | Report Abuse

kikikiii , c9 memang pandai !

Posted by johnkiew > 2014-02-11 10:16 | Report Abuse

The calculation was wrong in the sense of wrong assumption. Value A and B are using historical cost rather than market value. The market value will realize when the land is sold or being developed. Thus, Warren statement is absolutely right.