Key takeaway from Q2 result, eventhough slightly lower net profit.
1. Property development cost increase due to progress in KSL Mall 2 in Klang. 2. Inventory decreased from RM359mil in Dec, RM329mil in March and RM303mil in June. This is good considering that the property market is soft right now. 3. Cash jump to RM255mil from RM230mil. 4. Borrowing reduced from RM79mil to RM70mil
KSL has a few hundred acres development near to (within 2km) Ikea Tebrau. They are developing linked houses in Taman Bestari Indah and Taman Bukit Jaya. The demand for linked houses especially in the matured Jalan Tebrau area is still very high. Those Johoreans who are working in Singapore are still buying for their own stay. Johoreans still prefer to stay in landed properties.
It's not the performance of the company that tamped down the price. It's lack of dividends. If dividends are declared according to its dividend policy (non-binding) then the price should reflect the fundamentals.
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 > 2017-08-22 10:05 | Report Abuse
Symlife got dividend and KSL din declare at all...KSL is low gearing while Symlife has high borrowings...