A good undervalue company with lands bought before 2005. NA easily more than RM3 per share if revalue yet the price is only RM1.05. 5 sen dividend means ard 5% DY.
Most of the property company is facing LOW PE in second half of the year. I no longer hold this share but I still believe that this counter is a good counter in term of balance sheet and also value of the land plus second bridge in Penang!
Johotin88: you may push the price if you willing to =) Whether the price is moving or not, some time it depends on the market sentiment. No fundamentally changed so far foot the pass 1/2 a year.
Tambun gives 50% earning to shareholder. I think is around 7 sen, means more than 7% base on RM0.88. Also supported by cold eyes though both company also supported by him.
If $150,000,000 can buy $400,000,000 properties,then pls don't sell your shares.Let the major shareholders has a hard time.Look at HL cap,the major shareholders is asking a low price to take over the co, at the end, it does not succeed.So , pls don't sell your shares to thsi stingy major shareholders.
It is way too cheap I agree. This company has a hell lot of landbank in Sebarang Perai Selatan within a reasonable distance from the second Bridge. These land has not been revalued yet. Revalued NTA can easily reach RM 3 something per share
confirm yourself with accountants, new accounting standard for real estate/construction sector coming in 2014 (delayed from 2013), fair valuation of assets, NTA going to jump, this is why they want to take it private, list again in few years, check out annual report about land size, area and see mudah/lelong for average price, you can calculate fair value and be surprised at the number
just as few members has spoken, good landbank, positive sufficient capital but it's literally an inactive company, they intend to keep it this way. it's like we got a super powerful train, but the driver/pilot is unwilling to move it, what can we do as retail/passenger?
just wait ... we have one inefficient market in Malaysia. I don't think any such company in US markets will be valued at 20% discount to NTA with assets at book value. When fair value reporting comes in later and revalue all landbank, market will start thinking why price at 1.7 when NTA is say 5? btw, 5 is very conservative! the catch is hope they don't reach 50% this round.
In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board of Directors of Asas Dunia Berhad (save for Tony Chan Leong Foon, Dato' Jerry Chan Fook Sing, Chan Fook Sun and Chan Fook Hean) wishes to announce that Kenanga Investment Bank Berhad has been appointed to act as the Independent Adviser to advise the non-interested Directors and holders of the Offer Shares on the reasonableness and fairness of the Offer.
The offer price is daylight robber. I estimate that asas is worth at least 3.00 or up to 4.00. Land near penang 2nd bridge has gone up. Don't look at NTA because its based on its land valuation as long ago as 1995. Look at how well tambun share price have done. It is also penang 2nd bridge play. Asas mnorities should kick up a shit storm
I just spoke to kumar of RHBInvestment cooperate finance head, I was informed final extension date will fall on 18-10-13. That means 3 more trading days n currently major shareholders still fall short of 0.03% .Minor shareholders please don't let go your shares so that privatization will fail.
Kindly be advised that trading in ASAS' shares will be suspended with effect from 9.00 a.m., Monday, 28 October 2013, pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements.
Your attention is drawn to the Company's announcement dated 18 October 2013.
Penang property market to be resilient on sustained demand
PETALING JAYA (Nov 13): Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state.
“There has been a slowdown in the last year. There are a few categories of investors in Penang; those who are owner occupiers, those who are investors for the cultural developments, those who are in the Malaysia My Second Home (MM2H) and Penangites who work abroad but would like to settle in Malaysia,” said Penang Institute CEO and head of economics studies Dr Lim Kim Hwa (pictured) at the National Real Estate Convention (NREC) 2015 yesterday.
“For the last two categories, the properties in Penang would be priced significantly cheaper, thus I believe the demand in the property sector in Penang would remain rather constant,” concluded Lim during his presentation entitled “Penang: The Next Metropolis”.
In terms of the wider economy, Penang is expected to register a 5% to 6% growth in its gross domestic product (GDP), outpacing the overall country’s growth by 1%, he said, noting that last year, Penang’s GDP grew by 7.4% while Malaysia’s grew by 6%.
According to Lim, Penang contributes 21.8% of the balance of Malaysia’s trade surplus, specialising in machinery, transport equipment and miscellaneous manufactured articles.
“Penang’s economy is more export-orientated, and now there is a better demand for electrical and electronic goods,” he said.
The export sector is expected to improve with the recovery of the US economy and the weaker ringgit, he added.
“It is important that Penang provides the best environment to attract more investments. Penang is the main manufacturing and economic hub for electronic and electrical items. Bayan Lepas is already full. It is important to provide more space for industrial growth.”
Some of the projects and initiatives that are expected to contribute to this growth is the IT-BPO at Bayan Lepas, BPO Prime at Bayan Baru and Changkat Byram, south of Batu Kawan.
Other projects that will benefit Penang overall include the Penang Transport Master Plan, Penang Heritage Arts District – Ilham Penang at Sia Boey, Creative Animation Triggers at Wisma Yeap Chor Ee, and Komtar refurbishment. “All of these projects involve the private sector,” added Lim.
“The Penang Transport Master Plan (PTMP) is the catalyst to [turning Penang into a] metropolis, as it involves alleviating a lot of the problems locally in Penang, especially traffic congestion,” said Lim.
Expected to be completed in 2030, the RM27 billion project would include amenities such as trams for the heritage zones, LRT for the island and mainland, and water taxis.
Lim said Penang is on track to achieving its metropolis status.
“It is an ongoing process, and there is no deadline. Penang aims to transform into an international, intelligent city filled with life. To create a great metropolis, it has to be unique, and it has to attract people to want to live and expand the growth of the city,” he said.
NREC 2015 saw more than 250 participants from the banking, development, property and consultancy industries.
NREC is organised by the Royal Institution of Surveyors Malaysia (RISM) and co-organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).
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....
Siew Jian Bin
234 posts
Posted by Siew Jian Bin > 2012-02-26 22:02 | Report Abuse
A good undervalue company with lands bought before 2005. NA easily more than RM3 per share if revalue yet the price is only RM1.05. 5 sen dividend means ard 5% DY.