The signing ceremony tomorrow is between IWH-CREC & MOF.
LKH already mentioned many times BM is for IWH-CREC. LKH also mentioned that Ekovest & IWCity has nothing to do with BM. Thats why IWH is planning for IPO next year to fund BM
look at the buying signal pls, i dont know why u would consider it dropping, drop a bit because ppl sell it to make profit for christmas, if u wanna hold long term, just hold la, takan drop a bit then run?
IWH CREC portion of BM = 60% IWH portion of iwh crec consortium = 60% effective portion of IWH in BM = 0.6 x 0.6 = 36%
GDV of BM ~ 140Bil Iwh portion 36% = 0.36 x 140B = 50.4B value
assume 5% profit margin for developers (sikit sikit la) IWH earning/profit = 0.05 x 50.4B = 2.52B dunno what is IWH number of shares ..not listed. use Iwcity as reference 837mil shares
2.52B/837mil shares = RM3 earnings per share(EPS) over the life of the project BM
assume P/E ratio = 10x P = 10 x Eps P = 10 x 3 P = RM30 price per share = RM30!!!!!
few assumptions: 1) this is for IWH not iwcity. but iwcity is subsidiary of IWH. assume 50% discount, iwcity is still worth rm15 per share!!! 2) 140B GDV of BM was done years back, it could be worth more now 3) 5% profit margin is very little 4) this calculation does not include land owned by IWH/iwcity/ekovest. just purely on BM value 5) this Fair value of BM is for the WHOLE life of the project could be >10years
I believed it will go higher..but maybe will take some time. Lots of profit taking now. Swing is much less volatile compared to previous push few months ago, indicates lot of support from major player.
Take ur own risk. At this level it can go either way. But I think it will go higher. Strong resistance is at 1.10. The most major one at rm1.20. Breaking that convincingly then sky is the limit.
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Alan Lobster
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Posted by Alan Lobster > 2019-12-15 20:29 | Report Abuse
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15/12/2019