I agree that ibhd facing problem in 8 Kia Peng project due to low take up rate. But they have raise funds to complete this project. So the risk on this project is solve. Moving forward, with the mall running and theme park doing well. Thing will turnaround very fast. Being of these problem, only we have chance to buy low, so grab this golden opportunity!
Double tree hotel and 2nd conventional center is going online soon. This will boost recurring income further. Let see better result in 2020. Fair value should be at 40cent. This hotel GDV is 200mil. Now ibhd market cap only 200mil, super under value.
30% dividend policy, EPS - [0.61(A)+1.02(A)+0.47(A)+0.59(E)] x 30% = 0.807/0.21 = 3.84% Bought in this fairly price nothing to lose in theoretical and as RISK8888 said, all the risks are solve and just waiting the surprise in
200mil market cap is way to low la. Assuming market cap to reach 500mil when all the hotel and conventional center etc etc fully operate in 2 years. That will be 40sens++. At current price 20sens which means 100% return, not good meh? Dont wait la, start accumulate now and we all celebrate together when price up! Huat ar!
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....
RISK8888
2,231 posts
Posted by RISK8888 > 2019-12-04 08:36 | Report Abuse
PA holder will entitle fixed divd of 5% for 3 years. Ibhd will redemp back the PA in 3 years time at rate of 0.19.