4 people like this.
4 comment(s). Last comment by sosfinance 2018-02-26 18:48
Posted by Flintstones > 2018-02-23 17:06 | Report Abuse
Should we take the contribution from capital coty at full value? Proprrty developers usually buy land when they receive money from their previous development. That should be the maintenance capex
Posted by sosfinance > 2018-02-23 18:18 | Report Abuse
Just an estimates. A very conservative estimates will be RM67m p.a. earning contribution for next 3 years. So, taking RM200m is reasonable. (lower valuation can use as buffer).
Posted by sosfinance > 2018-02-26 18:48 | Report Abuse
Land purchases
Semenyih RM100m
Damansara Perdana RM55m
Pontian, Johor RM149m
Total purchases RM304m
Dividend last 2 years
FYE2016 RM16m
FYE2017 RM19m
(Appears that Gadang is cash rich, when it purchases land in 2016 to 2018)
JV Land
Kwasa Land RM700m
Cyberjaya RM1,800m
Expected Cash inflow from Capital City, Johor RM220m + operating CF about RM150m.
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Mercury Securities Research
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CS Tan
4.9 / 5.0
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....
Larrytrader
1,453 posts
Posted by Larrytrader > 2018-02-23 14:43 | Report Abuse
2.57 a share so undervalued