now , senses become normal , they had realised that they had paid too much for this property counter...eps only 2c and PE 231???? mind boggling...if u keep on chasing ,u will find yourself in Halland....
Leslie, Iris is coming back. I think just a matter of time to see this counter rebound. Btw, I am not holding any of this counter. Just sharing, this share is way too high from my budget, I would like to hold if i have buying power.
masterpeace, I got rumors from my friend and just gamble. I don't think it is good to share it here. If it turn out not true, I might drag u all into dark hole. Buy at your own risk.
This counter is way over priced. No earnings to support the valuations. Everything is based on hype and future earnings at the moment. Their balance sheet cannot handle all the land they have bought.
Their accounting records may not, but they own money can especially when pnb paid so much to buy sp setia and also management paid so little to buy Focal Aims which is not Ecoworld. It is true that the company profit its base entirely on future profits and i agree with you Origins, but which developing and construction company are not? their valuation is based entirely on GDV, future project and timeline of the project.....look at Mah Sing, Quill Capital, Sunway (Velocity), IOIPG, IJM Land, E&O, MRCB, and many more......even engineering company also based on future project prospects and based on big four research and CIMB, properties and construction companies is supporting at least 50 types of business such as cement, steel, wood, and etc
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....
tuapuikia
2,346 posts
Posted by tuapuikia > 2014-08-28 10:11 | Report Abuse
it is alright to keep for long term, share Par value is RM1.