Yup, share price already account for low dividend and lower earning...but....current depress share price is attractive enough to re-enter back as downside risk alrdy minimum after release of its q result.
Price appears at its nadir. Its key property development division has recovered from a loss last quarter, although still affected by the depressed Johore-Iskandar property market. It's investment property's income is steady at about RM20M per quarter before tax. I do not expect the Johore-Iskandar property market to go down further. With the high-speed rail in the pipe-line, it's expected to give the RE market in Johore-Iskandar a filip within a year.
Kenanga IB has reduced it's target price for KSL to the latest RM0.99. I really can't imagine how Kenanga can deduce such a low price to a company with RNAV of RM7. 07 which is published by its own. Seeing the article, I m even more confident to buy KSL at RM1 - 1. 10. Act against Kenanga recommendation, don't trust IB. They have their own agenda.
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....
hng33
20,510 posts
Posted by hng33 > 2016-05-27 11:33 | Report Abuse
Bought KSL at 1.14-1.15