This counter was trading below 40 sen before the announcement of Q2 result. So, there was decent appreciation (at least much better than FD rates) since then. :-)
ANOTHER UNDERVALUED STOCK READY TO MOVE Dutaland owed 12000 ha plantation Land worth 840m (12000xrm70000 per ha), Abandant Duta Grand Hotel totalling build up to 29th floor (surpose to build 52 storey height) worth 350 m situated In Jalan Tun Ismail and Jalan Ampang KL Town, holding of 52% of 73 acres prime Land In montkiara worth 345m( 73 x rm9.1m/acre x 52%) value at 9.1m/acre consider very prudence as recent transacted price of jalan Ampang current RM 3000/ft. And a Few piece Land In Kl centre, shan alam, Melaka centre etc etc worth 200m and further more with only 80m debt, NTA=1.97. (840m+345m+350m +200m-80m debt)/840m share. besides this, year production of 125,000 ton of FFB Now trade at RM 540/ton.
Dutaland coming quarter result around 5m profit. The turnaround result come from the completion of 38 Shop Houses In Seremban by wholely subsidiary and quarter production of 25000 ton FFB. The FFB price currently trade at 540/ton campare to last quarter 400/ton. Further reduced some interest due to sold out Olympia Plaza. Good rating By analyst can be foresee.
@Sephiroth Is the management trying to imply that in the previous quarter ending Dec'13 they recognised RM200 mm of property sales in their p&l? Previously, unbilled sales was RM800 mm ;)
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hng33
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Posted by hng33 > 2014-01-29 09:55 | Report Abuse
Sold off at 45.5sen, realize contra gain