4th quarter financial result wil be out tis few days...it should give a clearer indication whether Final dividend to be 2 sen or just 1 sen...It is expected to post much better result supported by land disposal gain...
It is HOT!!! it will soon be hotter due to expectation of improved earning and bumper dividend....Mkland currently is the most undervalued property counter based on asset based and land in relation to share price...it sud readjust back to 0.30 as we are already in raging Bull Market...
All of its development projects such as Bukit Beruntung Rumah Selangorku, Perak Simpang Pulai state affordable house, and Meru Perdana should start to increase its unbilled sales n contribute positively to coming net profit results...We do not rule out further land disposal tat wil enhance Sholders values...
Where got dropped so much??? ...NTA is at 0.99 compared to previous qtr of 1.00 and it is lowered a bit due to accounting adjustment in the balance sheet...it is still a deeply unpolished undervalued property company...tomolo wil surely see some price uptrend due to better 4th qtr financial result...Compared to Glomac, E&O and Paramount tat declared huge losses impacted by MCO, Mkland displayed quite resilient performance at least it has not posted losses for the whole year...Dividend is expected to be declared tis coming Oct and we are hopeful it is gonna be 2 sen final dividend supported by previous land disposal n improved earnings...Reiterate BUY
It is 0.99 confirmed...U need to mark up your buying price tomolo gemenchehlawyer if you really want to buy, cos 0.145 is impossible to get by tomolo...it will trade up starting tomolo as 4th fin result is slightly above expectation...
Sunway Bhd also swung in quarterly losses impacted by MCO...Only Mkland standing resilient posting improved earning n maintaining profitability...that is the advantage of being a low cost developer in which Mkland is King...
Brent futures rose US73 cents, or 1.6%, to settle at US$45.86 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 73 cents, or 1.7%, to settle at $43.35. That was the highest closes for both benchmarks since March 5, the day before Saudi Arabia and Russia failed to agree on a new plan to cut output and about a week before the World Health Organization declared COVID-19 a pandemic.
No worry about NTA, the figure is wrong as the guy who prepared it is useless. 0.99 is the correct one. Same go to dividend which quoted 0.01 (sen) instead of 1 (sen).
SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020 INDIVIDUAL PERIOD CURRENT YEAR QUARTER 30 Jun 2020
Revenue 30,079,000 Profit/(loss) before tax 4,384,000 Profit/(loss) for the period 3,421,000 Profit/(loss) attributable to ordinary equity holders of the parent 3,530,000 Basic earnings/(loss) per share (Subunit) 0.29
Just a mistake make by the auditor, just asked the management to tell the auditor to issue a public announcement on the mistake been make and update it on the bursa website will do...
Wow NTA close to rm1 and it is only at 15 sen n making decent profits . Super undervalue !! Hope with this correction n reflecting the correct NTA Mkland can go tp at least 50 sen half of its nta value.
More property companies like LBS, E&O, Sime Darby properties, KSL and Sunway Bhd and etc mostly reported huge drop in net profit and losses due to the impact of MCO and yet Mkland seems unscathed by the MCO n reported improved earnings...Mkland still remain as net cash company with 4800 acres of massive landbank...
Tommorrow sure will gap up and break above 20 cents liao ! T.p by end of Sep 2020=> break above 0.30 T.p by end of Dec 2020=> break above 0.50 T.p by end of Mar 2021=> break above 0.70 T.p by end of Jun 2021=> break above RM1.00 T.p by end of Sep 2021=> break above RM1.50 T.p by end of Dec 2021=> break above RM2.00 T.p by end of Mar 2022=> break above RM2.50 T.p by end of Jun 2022=> break above RM3.00
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....
nemesis
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Posted by nemesis > 2020-08-24 19:29 | Report Abuse
4th quarter financial result wil be out tis few days...it should give a clearer indication whether Final dividend to be 2 sen or just 1 sen...It is expected to post much better result supported by land disposal gain...