Izam.. yes, 0.48 and 1.0 are both possible... but please ask yourself honestly, what is the likelihood of hitting RM1.00 for a small cap like this (without proven earning record track and without a single sen of dividend)... we have to ask ourselves, can recent quarterly results be repeatable? (most of the earning growth was driven by their property development projects, whereas the property market is extremely slow now)... can they sell good in future on their properties?
financially this counter looks ok, but i a bit peculiar about the co due to incomplete report in their AR. Some accounts statements not found. Also, the directors look like scare to show faces in the report. KIV but with cautious.
Uob-kayhian report Our channel checks reveal that the group is currently in negotiations with its JV partner to finalise the terms for two new developments with a total GDV of about RM1b (to be progressively launched over a 5-year timeframe). Thus far, we understand SYF has issued a letter of expression of interest (on a non-binding basis) to participate in the joint development of the above lands subject to conditions. We expect negotiations to be finalised by end-16 and we project a modest net profit contribution of RM128m (from these two projects) over the 5-year development period.
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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....
Izam_mahathir
285 posts
Posted by Izam_mahathir > 2016-06-27 14:38 | Report Abuse
0.48 is possible but 1.0 is also possible aight..0.48 is too ridiculous