I am more prefer to Suria after announcement of extension for another 30 years of concession. 12+30 years is for DP World to come in to collaborate in operation and will take up certain % of share in the company. Otherwise, why need to announce 12 years away, not like Bintulu port only announced months to expire. Share price not moving up may not reflect in short term extra earning, it must be long term earning to come as Suria. Further more, Suria may be go into shareholder restructuring with DP world.
For DP World to has certain stake of Suria share holding( or private placement ), management will most likely to issue certain % of Suria's share to them at higher price. We are now might be at the corner for the share restructuring process.
Yesterday and today were in profit taking stage after rally for 2 days. Yesterday, last hour buy up was strong, ending one cent higher. We are not able to know the private placement price to DP World, but definately higher than present price. The future earning for Suria is difinately promising and it will be 42 years, if we assumed average of 20 cents profit per annum with PE of 8.5, at least Suria price is Rm1.70
"We are also excited about the prospects of Indonesia relocating its capital to Nusantara, East Kalimantan. This would make the capital closer to Sabah especially to our east coast ports. Tawau Port clearly holds a strategic advantage as it shares extensive land and maritime borders with Kalimantan. The prospect to broaden and merge with bigger hinterlands is immense and we are keen to start exploring opportunities with our Indonesian counterparts to facilitate business growth." Source: Page 15 of Annual Report 2022
"SK Nexilis and Kibing Group, two major foreign investors have set up a production base in Kota Kinabalu Industrial Park (KKIP). The generation of cargo from these facilities will increase cargo volume handled at Sabah Ports and on a larger scale, boost the contribution of the manufacturing sector to the State’s gross domestic product (GDP).
With the future partnership with DPW, we can expect to benefit immensely from DPW’s expertise in logistics solutions and supply-chain operations thus setting a game changing landscape for Sapangar Bay Container Port and Sabah as a whole."
Property development and leasing The property development’s revenue was derived from the leasing of Gallery Shoppes at Jesselton Quay. These Gallery Shoppes are part of the entitlement accorded to the Group from the first phase of the Joint Venture with SBC Corporation Berhad (“SBC”) which has been completed and delivered in year 2022. It is expected that the second phase of the project will commence in year 2023 based on revised terms stated in the Amended and Restated Agreement dated 30 November 2022. For the current quarter and year-to-date, the property development segment contributed <1% to the Group’s revenue (31 March 2022: Nil). As of the interim financial date, 64% of the gallery shoppes were committed by tenants.
Is that means Jesselton Quay's leasing will start contributing to SURIA's revenue starting next QR?
looking at the buy queue, there are no genuine general market interest in this share at this price, just someone specifically trying to push up the price by eating the sell queue strategically to minimize cost.
not that I hope the share price drop, I still holding quite some stakes just in case for privatization announcement.
but IF there is no reason behind this rally and IF it is fabricated, somehow not supporting by next QR result, collapse might happen at anytime
so so punya result, if bergantung ini result saja memang hardly support the rally or current price of RM1.50. But this stock is definitely still very undervalue la base on cash balance, NTA and future prospect.
price can go either ways from now, in case the price goes down can restock some more also, win win situation
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....