KUALA LUMPUR (Jan 22): Guocoland (M) Bhd saw its net profit for the second quarter ended Dec 31, 2014 (2QFY15) fallen 75.4% to RM3.02 million or 0.45 sen a share; while revenue fell to RM55.3 million, from RM59.1 million previously.
You meant this part >>>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. Trading BUY.<<<
Upon completion of the Proposed Disposal, GuocoLand is expected to realise a net gain on disposal of approximately RM137.3 million. The net gain attributable to owners of the Company represents an increase in EPS of approximately RM0.20.
I believe that the EPS for FY15 will be RM0.25, FY16 RM0.40 from Damansara City alone. This counter should rise very soon in line with the release of 4th quarter report in August.
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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....
as1915000
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Posted by as1915000 > 2014-12-30 15:17 | Report Abuse
GOGOGO. GUOCO