https://exsim.com.my/our-developments/#filter We need to take a look at its past and present on-going projects to realize the vast potentials of VMG with the emergence of EXSIM Group as its major shareholder in this tiny little WMG currently having a smallish valuation or market capitalization of RM321m @ 37 sen/share. It is simply too smallish for EXSIM Group. Just wait for its transformation...
The Exsim's Lim Brothers appear to be very slow and less competent in the corporate world though the group has been very successful in property development. Some of their peers and even their contractors have already reached the Billion Ringgit Market Capitalization Club but they themselves are way behind the mark....
Given its solid track record of having completed RM6.9 billion worth of projects in the last 5 years coupled, EXSIM should easily be able to replicate its success in West Malaysia and add value, on a fast track basis. to the existing undeveloped land bank that WMG currently has in Sabah with EXSIM's proven development concepts and building plans used in the West Malaysia.
However, the share price of WMG may not appreciate in the next 3 to 6 months. It may take at least 9 to 18 months before the investment community starts seeing the potential value of this company. Patience and faith are very much needed.
Based on the RNAV methodology, the estimated value of the entire equity interest in WMG is approximately RM648.11 million, which translates into RM0.747 per WMG Share. The Share Offer Price of RM0.165 per Offer Share represents a discount of RM0.582 or 77.91% to the estimated value per WMG Share.
(The above is depicted on Slide 13)
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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....
ysyap84
170 posts
Posted by ysyap84 > 2024-03-25 19:25 | Report Abuse
25/3/24 - open at 0.22, 1 cent lower than the previous trading day. Unlikely to up, temporary lost momentum. Closing at 0.215. POC ; 0.155.