Even if Rm10/psf, total value of all land around 650mil with no long term bank loan and shortterm debt only 19mil. 650mil/750mil share = 0.85cents. Current price Rm0.38 abt 60% discount from land value. But bare in mind, value is value, if it can't release, it mean ntg. Net Cash ard 150mils = 0.2per share. There's no doubt this is a cash cow co#. Depends on Management is stingy or not now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ping
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Posted by ping > 2014-02-11 10:07 | Report Abuse
I think RM100 psf is way too high in Kulim. It should be around RM10-15 psf.