l&g was traded at this price also for quite some time, today already 46.5c. as good as l&g, the land cost is high, ZERO div, no supporting biz like palm. keladi is loaded with cash next to penang with new MB... yr $ yr choice!
the price of land not yet revalue since 1996, and the land cost only 86.82sen n rm1.34 per sqf thats y the gap up still there, alot q to buy at 365-370
Just like kseng where the undervalued assets around 10 k acres located in Iskandar region (IDR) , cash and retained earnings approx 1,2 billion excludes the other stocks and shares , , hotel and resorts , properties local and overseas but still trading at RM 6 + ? Why ? As for keladi , the development is far north and its value is factored in its value unless conversion from agric to housing or industrial has been approved or else its price is more or less factored. Market price is a reflection of its value and seldom it is undervalued and kept unnoticed by millions of investors. So the contention of whether it is undervalued or not will have to get the full judgement from all investors , not one person who is doing the talking but accept others opinions as well. Fairness in discharging ideas shall be the motto we strive for...
Dutaland owed 12000 ha plantation Land worth 840m (12000xrm70000 per ha), Abandant Duta Grand Hotel totalling build up to 29th floor (surpose to build 52 storey height) worth 350 m situated In Jalan Tun Ismail and Jalan Ampang KL Town, holding of 52% of 73 acres prime Land In montkiara worth 345m( 73 x rm9.1m/acre x 52%) value at 9.1m/acre consider very prudence as recent transacted price of jalan Ampang current RM 3000/ft. And a Few piece Land In Kl centre, shan alam, Melaka centre etc etc worth 200m and further more with only 80m debt, NTA=1.97. (840m+345m+350m +200m-80m debt)/840m share. besides this, year production of 125,000 ton of FFB Now trade at RM 540/ton.
Dutaland coming quarter result around 5m profit. The turnaround result come from the completion of 38 Shop Houses In Seremban by wholely subsidiary and quarter production of 25000 ton FFB. The FFB price currently trade at 540/ton campare to last quarter 400/ton. Further reduced some interest due to sold out Olympia Plaza. Good rating By analyst can be foresee.
If the value of land bank so much undervalue, any large investor would have bought the company, sell all the land bank and make huge profit out of it. This Sinchew story caused so many people to chase the share and put money into shark's pocket- hot hot now
Keladi is a not a bad company because the management is conservative type and is debt free. But the problem is the share price hardly moves as i had been holding this since 2009 until last week where i sold it for a small losses b4 it runs-up.
It only moves after the recent election where BN won whereby the state government promised to build more houses which i guess will benefit indirect Keladi since their are consider o few of the reputable housing developers in Kedah.
But the recent run-up would not sustained because no funds manager will include Keladi in their portfolio and secondly, the share price is hardly push up- So for those that locked-in the counter you either need to hold for years to made profit. Dividend wise is not that great and the recent share price is fully valued based on their earnings.
Unless there is some news that can boost the earning, else stay out.
So far gua tak nampak korang sebut nama Robert Tan. Ini macai sekali sekala goreng semua dia punya kaunterlah. Semua lelated sama dia push up bra mah. Fcw, gpa., maica..aiya same cerita.
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....
Sammy Lim
39 posts
Posted by Sammy Lim > 2014-02-10 17:02 | Report Abuse
48% tats alot earn!