The performance of large companies do not change over night. Think of it as a big ship. When the captain turns the steering wheel in a big ship, it will travel for about 1/4 km before you see the ship turning. The same analogy applies to large property companies. What you see today are what they did a year or two ago. What they do today will only translate into results in the coming year or two
This year they sold RM1bn worth of land....pricing for I&P merger appears to look ok judging for the land deals annoucned (Mah Sing n Scientex)...Like u said, big ship with lots of fats to cut....asset light strategy sounds nice but key still execution...won't give them credit on execution though...but, 7-8k acres lankbank is worth something,....At 0.2-0.3x price to book, just move to 0.5x doesn't need a liew kee sin,,,
Now I know, never take the analyst word as 100% lol, the moment they said good target price, it might not be true as they can keep revise, even bad target price........
Actually the report don't see percentage is not consider bad also.........in certain area seems impressive...need to ask the pro.....as need understand the technical part on all different area.
@pang72 .. it’s ok, take it easy. I’ve been through that many many times. Sometimes I felt time my moves are being watched because after I sell only the prices go up! Hahahahahaha
I've been into stock trading since 2016. I have been through the worst ever situations you can imagine in share market. So I have come up with my own policy and my policy is very simply: Whatever goes up, will come down, and whatever goes down, will go up! Hehehehehehe
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....
Tibbers
561 posts
Posted by Tibbers > 2023-08-09 15:39 | Report Abuse
ohhhhhh tp 0.820