fellow bro, as optimistic as I can be on this stock. I think the fundamental is going to affect the share price going forward. I suggest to take profit if you are making some money.
This stock seems to have potential. I did a rough calculation and found the FV to be 1.33. A bit concerned if they are holding landbanks in exchange for work done in long term. Depending on how one sees it, to me, getting cash back should be priority as a public Listed company because ultimately its shareholders' gain in adding value they must be concerned about. Then again, land appreciates over long term and with giants like O&G companies maintaining the reclaimed land.
Depending on how one sees it, upward potential is good because they are still searching out for more work outside Johor. Sarawak and east coast definitely has potential works in the pipeline. If they start giving generous dividend, upward trend may be in the offing.
Caution, I think GE13 is pending. This stock I believe heavily reliant of government largesse. Buy at your own discretion
selling and buying themselves? doesnt make sense right? personally, i buy in this counter based on its business modal. have you experience land price drop for the pass 20yrs? and Benalec is actually reclaiming land. So as long as the land bank is growing, the fundamental will be there.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
joseph hii
339 posts
Posted by joseph hii > 2012-07-20 10:21 | Report Abuse
nice to hear it from u (dknycom)