SMI has substantial interests in Asiapac. If Asiapac up, SMI would follow suit. It is still run by the 70 year old uncle of Ma Sau Cheong. Quite enjoying life by sitting on the board and drawing million salary each year.
SMI , financial data is poor, but it may revalue its vast landbanks near terms, furthermore, it control Asiapac over 40%, , the book value (nett worth ) is more than 0.80 per share... so you can guess what will be the TP if the Landbanks are Revalued near term......
It's hard to do business in Malaysia. Brains drain is the main cause. Most of the local companies r happy to just breakeven, dare not dreaming of making money or grow the company.
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....
Zamsaham Norizam
162 posts
Posted by Zamsaham Norizam > 2012-05-22 23:28 | Report Abuse
South Malaysia Industries adik beradik dengan Asiapac?
0.26sen dan 10sen best buy?