If it hits RM 2 before share split then it won’t be below RM 1. =D
The PE was low previously because there was no breadth in the company profile (only 2 mid-of-life projects). Now with the asset injection, the profit have better sustainability and continuity (5-7 projects). And with the extra money there’s capital to further expand and launch more projects. Yes the profit gets diluted but it’s still an upgrade from a sonic speed one wheel vehicle to a fast speed 4-wheel drive. If the size and diversity and continuity of projects / profits are more comparable to those larger property companies, shouldn’t the PE be higher at around 10-15?
The company seems to be targeting the right market - affordable housing. Target market is mostly Chinese, who is known to have strong preference for buying new house before getting married regardless of the economic climate. Numbers that are shown (existing projects under IUBB) looks good. The owner / chairman is condo king with a wealth of experience, broad network and capitals. The other 3 companies run by the same couple shouldn’t be vastly different.
The recent proposal also included quite a fair bit of info graphics which indicates that they are running business base on analytics.
i earn beautiful profit in 1st round. & tis is 2nd round with buy price at 1.08. again, thanks for those fools sold their shares to me bcause of panic sell, haha. those follow my buy call to buy below 1.10 u guys owe me a thank u. anyway im not tat kind of kecil hati person. haha haha
can anyone here tell me where the heck is this stock alliance telegramer? Seems they just vanished out of thin air after scamming tom dick and harry. maybe they untung enuf liaw. Bentong ginger still around?
trulyinvest. I mean, do you have the specific sales % for the injected development? An average of the few hundred or thousands developments across whole nation is at best, a very poor indicator for 3-4 specific projects in Penang.
Does the high overhang apply to I-Santorini or one foresta? We all know that’s not the case. And the high unsold % mostly apply to properties with price tag above RM 500k if you read carefully (actually I didn’t read carefully but also managed to catch this). So... do you understand what I mean or are you still unable to comprehend?
aiya. those buy below rm1.10 will laugh to the bank. haha haha. steady man. i told will dive below 1.10. those with patient will win big at the end. mark my words. pls if u miss my previous buy call, dont miss the boat tis round. big boy sure will push up the price all the way to rm1.70. better believe wat i said now. im good in predict. haha haha
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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....
trulyinvest
2,370 posts
Posted by trulyinvest > 2018-10-16 17:03 | Report Abuse
wat so great about ecoworld.. c d share px now....