Yes, super undervalue. Take a look also at it's sister co, Olympia. It is even more undervalue as it's Kenny Height project land (60 acres left ) is still stated at cost. Once they relaunch the Kenny Height project next year when market sentiment is better, both Dutaland and Olympia will rocket.
Privatisation? I think Duta Yap will let minority shareholders to completely wear off first. Can you expect unscrupulous controlling shareholder to be generous ? He only care for himself.
This is a stock that has been sitting on a huge nest egg since 2017, after selling off some Sabah plantations for RM750m. Based on their financial results, if you count their short term investment, deposits and cash equivalent, they are sitting on over RM520m, or more than RM0.59 per share. Net asset is RM1.47, so they are holding close to 40% in liquid assets.
nice profit today :) :) :) sell at higher price! easy earning :) wait for collect again at low :) Based on the chart history, the share price will drop below 0.4, it will drop till fulfill the gap again :)
Current assets is extremely high but unknown of its quality. Risk on major impairment unless transparency in disclosure where the current authority and professional body are silent on it. London bis written off 300m once under receivership yet see no action taken. Anyway, that is so call market risk in the bigger casino.
Dutaland have been lying in a low price range for a long time mainly because of the management hoarding on to the cash pile and doing nothing for the past few years. in retrospect because of the pandemic, credit have to be given to them for being prudent for the past few years. Both Olympia ( JV partner & sister co ) and Dutaland are seeing some activities lately, there could be a good time for the management to finally kick start the Kenny Height project in this period of economic recovery. If the co do kickstart the project and start making money, it is not surprise to see it goes back to the NTA level. For the smaller cap Olympia, it may even easily reach 0.30.
Holding so much cash . Only pay 1 sen dividend for last and this year. Yet another classic example of how controlling shareholder take minority shareholders for granted.
Paying 1 sen dividend despite company hoarding so much cash is like insulting the other shareholders who have suffered so much for him over the years. The Yap fellow is indeed heartless!
Even Icap never pay 0.1 sen to 0.5 sen dividend loh!
Posted by Johnzhang > Jun 19, 2021 3:43 PM | Report Abuse
Paying 1 sen dividend despite company hoarding so much cash is like insulting the other shareholders who have suffered so much for him over the years. The Yap fellow is indeed heartless!
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....
Karlos
1,284 posts
Posted by Karlos > 2020-10-06 22:24 | Report Abuse
1 sen dividend is coming. Should be higher amount but better than nothing though.