Typical things with company acquire or use cash to buy something their price will go lower, by time the operation at the bought on said asset/item/land happen to occur new income. The price should go higher. Close example is MI Techinnovation.
Expect new land acquisitions to come soon. AME has 135 acres left at i-TechValley, and its remaining land at other i-Parks in Johor is also depleting. Management hinted that some negotiations are ongoing, and we expect new land acquisitions to be announced in the coming quarters. This should be a strong share price catalyst – especially when investment interest in Johor is strong, and the upcoming Johor-Singapore special economic zone should continue to drive investments from Singapore over the longer term.
Property specialist AME Elite Consortium Bhd should see earnings growth in financial year 2025 (FY25) and FY26, driven by bookings conversions, asset monetisation and the debut of its new industrial park in Penang and land bank in Johor, says RHB Research.
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