I supposed wont be drop until 1.2, support point should be around 1.35 Guocoland still have a couple of area are yet to develop Damansara City itself will be able to bring a very handsome profit in FY2015~2016 take a chill pil~
An RNAV play. Primarily, our RNAV is driven by revaluation on its landbank, investment property and inventory value to market prices. Only DC’s project is valued based on DCF of its future profits. Thus, our valuations are conservative as we are opting for land-driven RNAVs rather than assuming full development value of each landbanks. We derive an RNAV of RM5.89 and assume a steep 50% discount (higher than our average discount applied on developers of 31%) to derive a TP of RM2.95. We recommend that investors buy on weakness as we strongly believe that Guocoland is severely undervalued.
hahah....its profit already plunged and you tell people it is severly undervalue??....you die enough lor...don't kill others la...u believe the fundhouse ah
PETALING JAYA: Guocoland (M) Bhd posted a 78% decline in net profit to RM2.78mil for the first quarter ended Sept 30, from RM12.94mil in the same quarter a year ago.
Revenue during the quarter was halved to RM28.5mil from RM61.04mil last year, mainly due to lower contribution from Guocoland’s commercial project in PJ City, Old Klang Road and the residential project in Kajang.
“These projects have contributed significantly in the previous year corresponding quarter,” it said in its filing with Bursa Malaysia yesterday.
Moving forward, it expects the property market outlook and sentiment to remain cautious due to Bank Negara’s credit tightening rules and rate increases.
“Under the aforesaid operating environment, the operating performance of the group is expected to be challenging for the current financial year,” it said.
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....
tlbeng
905 posts
Posted by tlbeng > 2014-10-14 21:06 | Report Abuse
well that explains the recent drop