KLSE (MYR): UEMS (5148)
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Last Price
0.88
Today's Change
+0.06 (7.32%)
Day's Change
0.82 - 0.885
Trading Volume
12,803,200
2024-08-31
2024-08-23
2024-08-23
2024-08-23
2024-08-23
2024-08-23
2024-08-23
purple70
261 posts
Posted by purple70 > 2023-07-26 13:38 | Report Abuse
Seems like a GORENG stock....4% of outstnding shares traded!
No economic justification...
1)HSR/MRT/LRT are all loss making
2) HSR gestation period is easily 7 yrs to completion from design of now - so why would any want to pay up for the white elephnat now
3) UEMS has 700 acres of land "stolen" from Malay farmers n fisherfolks during Tun M's time. Many now living in urban ghetto and had cursed the land n projects there - thats why you have Danga BAy, Medini etc giving only 1-2% return at best if there is occupancy
4) Property overhang is big issue there, esp West Johor
5) VVVVIP wants to take all, so nothing left to cream about