i heard about this counter from a friend today and she say duta every quarter also loss money but this quarter finally they start to make... she say will come out announcement soon... dont know got bullshit or not... i buy in some already. let us see she got bullshit me or not haha!!!
Dutaland owed 52% of 73 acres development Land worth About 1billion In montkiara Kl. Also owed 12000 ha worth 830m of Palmoil Land In Sabah. If cpo maintenance at 2650 coming year, it could contribute 30 million profit For the group, further it also owe duta grand hotel In jalan Tun ismail Kl, although it has abandance so far, Land bank already worth more than rm400m, asset rich and with coming quarter result 40 m property sale profit with 10m expecting debt. It will fly Soon. Director wish to private this counter Soon.
Stay away from Dutaland n Olympia as far as possible. Duta previously known as Mycom has taken many bankers and contractors and shareholders to the cleaners so much so no local bankers want to do business with them. Ask Ambank, Hong Leong Bank SCB, HSBC and Syangyong Main contractor
Stock168. "Director wish to private this counter Soon". Could you please elaborate? This is a personal assumption or because some real news you already know that we don't?
Tan, if u r the director knowing That ur company asset montkiara Land worth 1.2b' abandance duta grand hotel Now 400m, Sabah plantation worth 830m, no debt, share 48.5 sen, and other Land bank In Kl, Melaka,Johor etc. Etc. . whole company worth 401m , what's u will do, Ogos example, kretem, previously 85 sen Now 3.50, sel property, etc.
Abandoned project, previously known Duta Grand Hyatt which was abandoned in 1997, can never be salvaged. It has to be sold to a billionaire to be rehabilitated. Dutaland can never finish bcos it does not have the money. It does not even have the money to pay the conversion premium for the development of Kenny heights (Mont kiara land). It will cost another RM 500 million to complete Grand based on its original plans
I think Dutaland is a good asset play. Its oil palm plantation should do better due to the typhoon devastation caused to coconut plantations in the philippines. I think the Mont kiara land should be better dispose off for cash for liquidity. With liquid cash they should quickly finish completing Duta Grand Hotel.since tourism will play a far more important role in Malaysia for years to come.
Question is. Is Duta Yap willing to dispose his Mt. Kiara land? If not, shareholders must have endurance stamina. When and how will he unlock value? Until there is further clarity, I think MUI Berhad would be a better buy at the present moment.
Yes, the Land have 73 acres and Now Kl near twin tower transact at 3000+ Per sq Ft. Also there is one of very last Big piece of Land near Kl centre. so can u Image how Much it worth. FFB last quarter trade 400 per mt, today trade 560 per mt. Dutaland yearly production 100'000 mt. So next quarter will definetely turn around. Dutaland also owed 12000 ha oil Palm In Sabah. At one time ioi want to Buy at 830m Now even worth more. Besides this, it also owed a lot of development Land In Seremban, Melaka, Kl, Petaling under a lot of company which never Show In the list of properties under annual report. This can refer to mycom restructuring cicular. So to me, i believe it is another undervalued stock In bursa campare to muib. Yap family only owed 36 % and substantial share owe By different bank during debt convert to ICUS and Now shares. When properties value going higher and higher, For a company with very little debt Now, takeover target or privatation can be foresee! So do some action before it is too lateral.
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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....
vinzcent
40 posts
Posted by vinzcent > 2012-07-19 16:09 | Report Abuse
Dutaland is moving o.O