mlg123, Completely agree with you. This year earning will be flat. I am hoping for the Property Division in Seremban to start contributing significantly next financial year and the share price will soar. Just like Tiong Nam. Need to be long-term investor in GUH and will be rewarded handsomely.
Report by smallish Netresearch We are maintaining our Buy recommendation on the stock due to its cheap valuations. Driven by its earnings recovery, the stock is currently trading at a P/E (ex-EI) of 8.3x for FY13 with a net cash and investment position of RM182.8m as at 2QFY13, which translates into RM1.04/share.
In addition, its share price also trades at 42% discount to its NTA of RM2.52. By ascribing a P/E of 10x, we have arrived at a target price of RM1.75.
Soosuan, just wondering, the Gross Dividend Yield is at 4.58% better than having money sitting in the bank but afraid because of market sentiment, might loose capital....what to do? what to do?
Ha ha!! I also in a fix... buy some more or just wait it out... But frankly, medium to long term should be good, barring bad news from the US! If only we have a crystal ball, and can see into the future!! When markets worldwide bad, KLSE will surely not be spared! As long as one do not put all our eggs in one basket, then we shouldnt fear much.
how can it drop below 1.08? It is cash rich, and good for medium/long term. My average is 1.40, and I am not worried coz i know it will definitely go up!!
finally GUH decided to reward all its shareholders with a bonus of 1 new share for every 2 existing share. the company had also not decided what to do with its treasury shares of about 5%. GUH can cancel, re-sell them in open market or distribute the treasury shares as dividend in specie. My opinion is they will will not re-sell them but the other two options. hopefully distribute as dividend. the share prices had been too much discounted to its NTA and even at 1.30 now it is only value the company according to its net current asset only, let's wait for more announcement .....
if really happen the treasury shares distributed to shareholders is worth about 7 cents at current price. hopefully it happens before bonus ex date so ....
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....
soosuan
122 posts
Posted by soosuan > 2013-08-19 22:50 | Report Abuse
Hope it goes up tomorrow!! think it will!