TWL currently have RM2,420.3 million in GDV and RM446.1 million in expected profit on gross profit level. If we exclude the revenue and profit from construction and the acquisition of Qaisar and halving TWL's gross profit to net level, TWL is projected to earn RM223.05 million from 2023 to 2027, translating to an average annual profit after tax of RM55.76 million.
In comparison to TWL's current market capitalization of RM239.1 million, TWL is trading at a forward PE valuation of 4 times, which is significantly lower than its peers who are trading in the range of 6-8 times.
According to the circular issued in regard to the proposed rights issue, the projects that the group will fund are the development of 715 units of affordable housing under the Rumah Selangorku scheme to be undertaken on the EN10 Land, the development of 746 units of affordable housing under the Rumah Selangorku scheme to be undertaken on the EN11 Land and the development of 1,139 units of affordable housing under the Rumah Selangorku scheme to be undertaken on the HT4 Land.
EN10 project, EN11 project, and HT4 project have a gross development value (GDV) of RM171.7 million, RM179 million, and RM273.3 million, respectively, bringing the total GDV of the projects to RM624 million.
TWL appears to have a promising future, as there are three plots of land situated in a strategic location that are set to be developed, in addition to another seven development projects that are in the works.
EN10 project, EN11 project, and HT4 project have a gross development value (GDV) of RM171.7 million, RM179 million, and RM273.3 million, respectively, bringing the total GDV of the projects to RM624 million.
You scare it wont go up meh? Company prospect looking good so far
currently TWL trading at pe value of x4 which is low among their peers, the company is also starting to do serious business with all the project on hand now... there is potential
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....
heisenbergxv4
94 posts
Posted by heisenbergxv4 > 2023-03-20 16:41 | Report Abuse
Time for TWL to do serious business