Finally property counters begin to move... Indicators are strong that property index will continue to climb further...This is evident by the recent break out of Ecoworld, Mahsing and LBS and Glomac...Among all, Mkland is the most undervalued and laggard so continued interest will surely push Mkland above 0.30 soon...Today is a great indicator that property counters will be the next winner after long hibernation...Mkland is set to be the next biggest gainer soon...BUY BUY BUY BUY BUY BUY!!!
0.26 should be easy target tomorrow for Mkland as volume spikes...The bandwagon is set to move 9 AM tomolo seeing more trading interest for Mkland...Get ready for tomorrow great surge!
1. property sector is bullish should breakout of recent high 788.15 to 855 2. mkland profit taking and/or exiting by those bought at 23 3. price would retest immediate 25 resistance before proceeding to 27.5 to complete the double bottom pattern 4. most importantly price appreciation is supported by fundamentals (bukan goreng wan) 5.be patience wait for about two weeks to see the unfolding of the price up thrust wish you and me the very best of luck
RM 3b allocated for companies hit by pandemic...MK's tourism business and education badly hit by Covid pandemic so Mkland will surely get assistance from Govt...Mkland is not included in the Cukai Makmur list as it's total earning less than 100 mil yearly...So overall Mkland is not affected at all by this Budget 2022 and set to be great winner as it might get financial aid fm the 3 billion assistance fund...Construction sector is the greatest loser as not much infrastructure project announced...it is time to sell construction stocks and move gradually to property...So Monday we should see Mkland moving north with more trading interest...Reiterate BUY with unchanged short term TP of 0.30
This budget is hostile to speculator and stock trader but good for long term holder... Overall it is good as it will reduce short term traders in the market...frequent trading won't make you rich as more and more commission and increased stamp duty involved...Mkland is expected to do well in the long term supported by its property division, renewable energy and more land disposal... Reiterate BUY! For long term holder ONLY
Mkland is showing signs of life from now on...Interest should pick up again on this sleeping beauty to climb above 0.20 again...Hibernation is over, it is time to rise again!
Mkland has been beaten way down below undervalued level and it must rise back to bridge the huge undervaluation gap...Buy with unchanged target price of 0.30
Undervalued Giant that is ready to roar again soon...Tan Sri Mustapha Kamal that has built up Mkland to highest glory but staying undervalued due to property glut and slowdown...Yet its 4800 acres of land and building assets must never be ignored for long...2022 might not be a good year for property sector but Mkland will stage a full turnaround due to increase earnings from all its projects and land disposal... Surely there is light at the end of the tunnel...Buy when there is thick blood in the streets!
Stay on all comrades as the Dawn of Awakening is near for Mkland and Property sector as whole...Building Materials such as cement, iron, wood and even labour charges have risen to all time high and all tis effects could spike up house prices 11-15% this year...Developers wil surely pass on all this inflated costs to hse buyers...this might also prompt buyers to rush to buy house before price escalates further...I believe Property Bullrun might happen as early as year end as our economy recovering rapidly.. Mkland has sizeable landbank, so far the most undervalued n ignored property counter...
Not yettt...Engine is starting to accelerate soon for Mkland as its previous Setiawangsa land disposal should start to kick in soon that will generate at least 3 sen EPS for financial year 2022...Furthermore current high inflation rate should spike up the cost of land and house prices soon and MK is landowner of up to 4800 acres of undeveloped land across Msia...Mk will post the highest net profit this year due to profit contribution fm Setiawangsa land disposal....
At 0.165 it is dirt cheap, stark contrast to its NTA of 1.01 and RNAV of more than 2.50 per share...The cost of land will continue to rise high due to high inflation rate and Mkland will turn into a goldmine due to massive land ownership...Basic calculation indicates that Mkland is Super Undervalued and should its total land value revised, then it is explosive upward rise for MK...Its Solar Renewable Energy division wil start to contribute positively to Mkland by next year...Reiterate BUY with upward target price of 0.30
Its 3th Qtr Fin result should be released this few days and it is expected to be on the sharp rise due to land disposal...So it is time to Rerate this undervalued stock upward and BUY before everyone does...
Good News!!! MKLAND has robed in Dato Ahmad Faris Bin Yahaya as Group CEO to lead and propel Mkland to new growth path...He is also Group CEO of ORANGBEAM group...2023 is a whole new beginning for Mkland riding on property recovery and Solar Renewable energy venture...
Mkland is unaffected by property slowdown now as by end of this year, its Solar plant wil start its full capacity to start producing renewable energy for 21 years contract with TNB...this is recurring income for Mkland uninterrupted by property poor cycles...Reiterate BUY with unchanged target price of 0.30 moving fwd...
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....
Posted by thesteward > 2021-10-28 18:06 | Report Abuse
Mkland nta above rm1 n their business not only in property also got reviewable energy .