Expect concessions assets and sewerage construction project to contribute 2cts per share this quarter.
It has a sizable 47000 hectares of plantation land (99 years leasehold) in Sabah, out of which 12k hectares planted - 9k matured while 3k young.
Apart from this, it has hundreds of acres of development land in Kuala Selangor and Serendah. It also has investnent properties in Klang Valley and Singapore. . Although it has net debt about 900 plus million, the debt are mainly for completed concession assets, which are currently generating healthy cash flow.
At the current price of 35.5 Puncak capitalisation is just about 150 million, which really undervalue considering its income generating potential and valuable assets.
Original cost of investment for the 3 pieces of land way back in 2007 was around 90 mil. The lost reported is against 2022 valuation as these properties are under Investment Properties and are thus revalued yearly
After they sold their water biz, all the proceeds received siphoned out by TS Rozali
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Posted by Benhobenhobenho > 2021-10-13 23:17 | Report Abuse
Puncak had a history of price shoot ups at time when most ppl least expect it