@stkoay. You are still here. I thought you forsake KSL. If you are still around, still hope for KSL then! hng33 is a one night stand trader. Just keep the lian lui stock away from him!
Happy New Year to you upsidedown119. I have sold all my KSL in November 2014 at an average price of 4.50. This is one of my darling and I am waiting for the right time to buy back.
Solid balance sheet with minimal borrowings. Its earning was still very impressive compared with that of other bigger property companies, even after netting off the fair value gain.
FYE16 is RM203m (exclude fair value adjustment of RM112m). MCap today is RM1.172b. Historical PE is 5.8x. Have to see prospects & go into details before can conclude the potential, if any.
Fair value adjustment is also profit to the company. That means the company has property or properties that worth more than the value accounted for in the book. The adjustment is definitely good especially to a property company like KSL.
Taking out fair value adjustment, FYE16 vs FYE15 is RM205m vs RM210m. So, results is flattish. Not too bad with this type of environment. The more critical questions is going forward on the success of KSL Mall & township in Klang with GDV of RM10b. This is the make or break for KSL.
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....
nemesis
3,994 posts
Posted by nemesis > 2017-02-15 12:17 | Report Abuse
Wow already 1.18...Lembaga Tabung Haji increasing stake interest in KSL