Guess everyone is eyeing on SPAD IPO... after that, plummeting like there's no tmr... PE so high... Good dividend in foreseeable near future? Fat hope lah!.....
Majestic Heights (google yourself) so near to Eco Terraces...The area is like... aiyo no comment... but their prices for super link terrace , semi D and condo so high... google penang propertytalk lah....
Somemore, will EM become like Putrajy...?
Properties so cold nowadays.... still worth invest at 1.78 and 0.655 meh?
for those penangites... u should know that penang is very different compare to other places in malaysia. in jelutong area, u can have a RM800k condo next to a RM200 low medium cost apartment. Look at Batu Lanchang cemetery land... the price already RM1million plus for a Superlink house. Eco Terraces are on the opposite side of majestic height. A distance away ok.
Eco Terrace is surrounded by Majestic Heights, Green Garden and a petrol station. Flat units at Majestic Heights can go as low as <RM100,000 per unit. Many residents of MH and GG are foreign workers... Furthermore, landslide and mudflow problems are major concerns...
Furthermore, affordable properties, like i-condo (ideal prop grp) near Brezza or near USM, have exerted pressure on mid-range houses priced between 500k and 700k...
Eco Terraces a good buy? Better goreng ideal sun city....
lf you are company director will you ask your staff to sell when market is on downtrend,if your answer is yes this counter would have been below 1.00 by now
We are initiating coverage on ECOWLD with a OUTPERFORM recommendation and TP of RM2.05. Our TP only offers a 16% total return albeit applying a property RNAV discount of 35% (peer average: 50%). The lower-than-sector average discount is for their: (i) solid management team who are pioneers in property development, (ii) huge appetite for landbanking which will provide strong newsflow, (iii) ability to gain market share due to right product positioning as a township player and their experience with aggressive A&. Resilience is seen in their on-going projects as take-up rates for recent launches have been strong at 80%-100% vs. industry average of 50%-60% within the first 3 months of launch. This will result in strong earnings growth of 420%-344% in FY15E-FY16E. Although normalization of PERs may take up to FY17 as property contributions are still at an early stage while net gearing is expected to remain relatively high at 0.57x-0.65x over FY15-16E, we still like the stock as a longer-term value emerging stock given their aggressive growth path and the management team. Expect ECOWLD to be a ‘must-have’ stock as we will not be surprise if it becomes a market leader
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
BryanYap
77 posts
Posted by BryanYap > 2015-04-11 16:25 | Report Abuse
Good.......