I have started some write up on SHL last week, too bad RHB went ahead of me, I shall not write this already, but I do agree on what they said
SHL has huge pile of cash, their model is build and sales, and from channel checks, already more than 80% sold, anyway goodluck for those riders, I am looking at RM4.50 short term and RM5 for 6 months TP, today's breakout shows strong accumulation by funds i assumed
SHL is very different from other property developers, those that has cash can opt to build and sell, not sell and build, so their margins will obviously be much higher than the rest, in fact, i think RHB's valuation is abit conservative, if stretched it could be worth RM5.50 or more
anyway, not gonna write already, later people will always say I talk after the share price is up
I see this counter has no way to compare with matrix, in term of fundamentals and growth prospect, it is better to switch while the price is still good, next week you may not have the chance.
This is a strong net cash company with prudent spending and undervalue land bank. Any revaluation of the land bank acquired dated back to more than 10 years ago. The value of the land and retain cash should quadruple the current market capitalisation. I think it can weather any financial turbulence and good bet.
extremely solid counter with great exposure in Sungai Long. Value investors should consider this counter. While volume maybe small, the steady growth and profit every year will be a safe haven investment in volatile market.
people waiting, there's a need to evaluate how the GST might affect the property market, if everything go smooth without great damage , then investors could start to jump in
SHL’s FY15 net profit of MYR104.6m (+87% YoY) accounted for 140% of our full-year estimate, mainly attributable to good response to its projects and higher share of profit from its associate. Maintain BUY with a higher TP of MYR5.60 (65% upside), pegged to a lower FY16F P/E of 12.1x (FY16F ex-cash P/E: 9.4x), after taking into consideration softer property market sentiment.
stop promote this stock, erkongseng...nobody will help you push up.. your investor style is bad....find a stock which their price already high..then try to promote as much as you can, then once retailer are in, you will exit it and earn penny gain..you will get karma..many ppls trapped because of you..please learn the correct ways of investing..find undervalue stock, not overvalue stock...long term investment, not short term(promote and sell it fast).. somemmore, there are tons of undervalue property stock better than SHL...dont simply put what 合理的PE..合理 in your mind only, dont bullshit and trying to cheat ppl....many property stock are trade around 5-8 PE also..
I told you guys, if you guys want to play property stock , go for matrix, ksl, huayang, there are surely better than this...this SHL is overvalue if you compare other famous property stock... this stock will just stagnant there...unless big boss who control big portion of share goreng it up...else dont expect it will up...retail investor power is just limited..
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Posted by juneteo > 2014-08-22 22:32 | Report Abuse
Let's wait for SHL fly......again.