be greedy when other people is greedy, be greedy when other people is fearful, be greedy when other people is optimistic , be greedy when other people is pessimistic , be greedy. greed is good.
Sifu Icon888, capital city still not contribute at normal pace ,right ? because the net profit margin in property division is below 20% .it should higher right ?
I am always curious, everyone knows Gadang is that good, i dont think anyone has negative to say about the stock, but why it hasn't reach it's TP? Look at Ecoworld, a heavyweight that deserve it's own right base on its heavy valuation
Kenanga gave its plantation value about RM41m based on USD7,500 per ha x 3.80 x 1,500 ha. Total ha is about 5200 ha, so another RM41m x 3,700/1500 = RM101m upside when the remaining 3,700 ha reach maturity in a few years time.
Kenanga EV/EBITDA for Gadang is also very attractive for FYE16-18, between 2.5x to 3.5x. FYE16 PE is 5.8x, while small cap construction stocks is about 10x, so upside is 4.2/5.8 of 72% (in 2-3 years).
thanks sifu icon888, i just curious that why the contribution from capital city so slow & i dont know how to calculate the unbill sales from capital city?
From the latest report, 9 month 2016 VS 9 month 2015 , property profit didnt show much increase in volume or profit margin .capital city seem not contribute profit yet.
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Posted by buddyinvest > 2016-05-04 19:33 | Report Abuse
Sold. Hi hi