Go to klsescreener, stock screener, main board > property, sort by PE RATIO Avaland is actually number 15
Klse screener, main board > property, sort by PTBV (Price to book value) Avaland is actually number 13
Most importantly the revenue is sustainable with high unbilled sales, not one off earnings, that other companies who rank better may have.
Just that maybe property not in play at the moment, and avaland since mct times always seems like shareholder lack holding power/high % of active traders who easily cut loss/take quick profit??
Not much can be done now, existing shareholders shld hold, and only sell at a profit. Don't cut loss on a profitable and fundamentally strong company if you can! That doesn't make sense.
Others selling, could be due to certain reasons, or their entry price may have been low, it's actually a good time to buy more now, but some holding power is required 3-6 months, wait for their QR announcement as catalyst, or wait for property play as catalyst.
no choice one la, have to wait til next q result, avaland also just turned from profitable but negative cash flow from operation, to positive cash flow of 30m from operations in this quarter. the share is cold, so those buying would need some holding power.
Not promoting anything, small fish here also, just sharing the actual numbers, you can make your own informed decisions. Investor/trader mindset is more and more short term now, so have a lot of cut loss if not profitable in few days, or weeks.
Bursa Malaysia Bhd on Thursday announced 11 new additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index and 11 new additions to the constituents of the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index following the latest semi-annual review of the indices.
The bourse said the new constituents of both indices are Advanced Synergy, Avaland, Classic Scenic, Datasonic Group, Gamuda, Kawan Food, Kinergy Advancement, Kossan Rubber, MSM Malaysia Holdings, OCK Group and TDM.
Addition of Avaland into FTSE4Good Bursa Malaysia (F4GBM) Index by Bursa Malaysia is a good recognition of its fundamentals
Happy new year everyone, continue from my last posting, last time able to read a bit only, but today The Star post a more detailed information for the RHB buy call, got say TP of 40 cents.
But I'm not able to find the full RHB Invest analyst report though in I3. 40 cents TP, to me is a fair starting price target, based on their EPS per year of 4cents + (PER 10x) and NAPS of 60 cents.
We can expect a revision of TP as Avaland posts QRs that beat expectation.
RHB Research has put a fair value of 40 sen per share on Avaland with the valuation based on a 60% discount to its restated net asset value.
Source (TheStar): Avaland Bhd is expected to have stronger earnings momentum going into financial year ending Dec 31, 2024 (FY24), backed by the right products and strategies for its upcoming projects and land banking plans.
This means higher net profit and revenue in 2024 right?
Going into FY24, RHB Research said Avaland, a real estate and property developer, is looking to acquire more land banks for niche development.
The group will also be launching Amika Residences in Subang Jaya, Anja in Bangi, and Aetas in Seputeh, with the projects expected to have a combined gross development value of RM1.33bil.
Prior to this, Avaland had been overlooked by investors due to its dismal performance in recent years and the slowdown in the real estate market.
RHB Research stated that due to majority of building works completed by the group’s internal construction arm, there were a lot more flaws as well as higher rectification costs and overheads in the past.
Avaland has decided to place more focus on building brand equity by offering quality products for long-term growth sustainability.
RHB Research said one of the biggest shifts undertaken by Avaland in recent years has been the group’s outsourcing of the design, architecture and construction work for all of its projects.
Its net gearing fell to 0.15 times in the nine months of 2023 as compared to 0.23 times during last year.
“With stable building material prices recently, property developers have been more inclined to advance bidding discussions for their upcoming projects. Hence, this positive outlook bodes well for us to secure new projects and improve our earnings,” Tuju Setia managing director Wee Eng Kong said.
Overall macroeconomic environment, government policies and investment flows are expected to spur property sales for developers by between 10 per cent and 15 per cent in 2024, compared with 2023.
RHB research in its note said aggregate property sales remained resilient based on the latest sales numbers released by developers.
Excluding the bulky overseas property sales in 2Q23 recorded by UEM Sunrise and Sunway Bhd, nine-month 2023 aggregate property sales grew nine per cent from the same period last year, suggesting healthy demand for property locally.
"We expect more aggressive landbanking activities in 2024. Eco World, AME Elite Consortium, Mah Sing, and Avaland are amongst the developers that are on the lookout for land parcels. Areas of interest are primarily Iskandar Malaysia, and the Klang Valley. In September 2023, Eco World acquired 404 acres of land in Kulai from IOI Properties," RHB research said.
RHB is expecting AVALAND to do the same? This means greater levels of exposure to Johor and other state' landbank? Hmm
It remains confident on the Iskandar Malaysia property market given the concentration of high profile investments and infrastructure developments that are taking place in the southern region.
The revival of the High Speed Rail project is a re-rating catayst for the sector.
KUALA LUMPUR (Jan 4): RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.
In a trading stocks note on Thursday, the research house said that if a breakout occurs, the stock will likely advance towards the 52-week high level at the 29 sen resistance, followed by 35.5 sen, its highest level since April 1, 2021.
@Nemesis @Val Do you know why the share price is in deep red? The turnaround is warranted by actual performance in its balance sheet. Yet, sell off to me seems weird?
lol, 1st time in malaysia share market? there are many other stocks fall into such 'value trap'. make sure you have a trading plan instead of just blindly buy and hold, cut loss when necessary.
Bersabar Stock ni suka ikut trend dari belakang depan naik dia ikut depan turun dia pun ikut turun apa nak di kato den... tulah tak sempat naik dah turun hahaha🤣 Saya simpan jo.... ada murah buy naik tunggu
@Rabbit484 Haha I shall wait it out then. I was worried if something bad happened that the share price plunge from its most recent high breakout that got me looking weirdly at it.
@Rabbit484 It got me thinking at first: Will this be like Serba Dinamik? Of course, I did my fundamental research so were partially relief by the numbers from its turnaround. Just that share price fluctuating widely made me felt unease. Anyways, thank you for the words of reassurances ^^
I'm more of a longer term investor, contrary to what I see happening now where everyone wants to buy at bottom, if few days don't increase, they panic and will cut loss or sell at no profit (but lose trading fees), I hope to promote a more long term mindset to other investors, try to avoid too many buy and sells, imagine each buy and sell transaction you have to pay like 0.x% to brokerage, stamp duty, sst etc...
Avoid taking profit early too, imagine you gain 5% but you may pay 0.8% out of it to all these fees, over time all of them adds up very fast.
Do your homework properly before buying a share, and if other ppl cut loss to push the share price down (for whatever reasons they have to sell at a loss) then their loss is your gain as you'll be comfortable to average down.
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....
George99
258 posts
Posted by George99 > 2023-12-11 16:12 | Report Abuse
Come on...back to 0.88 again..