This news has been around for sometime since last years. But, whether this M&A is benefiting HIL will have to see. From the land for development that come with the M&A look worth more than RM71mil.
A positive news released with property development land injection by Dato. Ng family. Proposed acquisition gain of 6 million will be reflected in Quarterly report very soon under MRFS requirement. Both property development project will further increase additional net cash on hand of 60 million upon completion of the project in the end of 2018. By then, I will estimate the total cash on hand to be 280 million which already worth RM1 per share.
48 million of share have been disposed by major share to SOME ONE UNKNOWN on 07 SEPT 2016, until TODAY STILL UNKNOWN. WHAT IS SC DOING. we the share holders are still PUZZLE ????????????????????????????????????
A&M share price flying high effect will spillover to HIL thus, i strongly believe share price will catch up very soon. I also foresee these 2 counter is playing by a group of politician particularly from MCA such as development new of carey island is released from MCA leaders. Owner of these 2 counter has gd relationship with them. Cheers!!
After monitoring a couple of week of A&M vs HIL share price movement, i could confirm that A&M price going up is due to insider accumulating the share as they believe property development start at Pulau Carey by this year will give high earning to A&M after gone through land value re-adjustment. Thus, HIL does not benefit from that and share price is going down despite in bull market.now
Another two projects by HIL in Bukit Kemuning is 108 @ Kemuning Hills and Quadz. The latter features 64 units of two-storey cluster semi-detached houses (there are only 30 units left for sale since its preview in 2H2016). The cluster semi-dees have built-ups of 2,300 sq ft, with prices starting from RM998,000.
108 @ Kemuning Hills comprises 108 units of terraced houses which will be launched by year-end. The units have built-ups from 1,470 sq ft to 1,730 sq ft, with prices starting from RM530,000.
“Terraced houses in this area [Bukit Kemuning] are in the RM700,000 to RM800,000 range. For the price we are offering, I believe they will be snapped up,” Milton noted.
QUARDZ project will bring in another 30 million revenue and thus, estimated 15 million profit based on profit margin gain @ 40-50% for the past project at bukit kemuning.
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....
i4investor
2,797 posts
Posted by i4investor > 2016-12-13 23:35 | Report Abuse
Maybe due to privatization
http://aimthebull.blogspot.my/2016/12/hil-is-moving-up-but-is-moving-down.html?m=1