Expect concessions assets and sewerage construction project to contribute 2cts per share this quarter.
It has a sizable 47000 hectares of plantation land (99 years leasehold) in Sabah, out of which 12k hectares planted - 9k matured while 3k young.
Apart from this, it has hundreds of acres of development land in Kuala Selangor and Serendah. It also has investnent properties in Klang Valley and Singapore. . Although it has net debt about 900 plus million, the debt are mainly for completed concession assets, which are currently generating healthy cash flow.
At the current price of 35.5 Puncak capitalisation is just about 150 million, which really undervalue considering its income generating potential and valuable assets.
Puncak intends to construct its own plantation mill
There is scale
Palm trees are maturing entering peak production
construction of plantation mill
ISLAMIC MEDIUM TERM NOTES
The proceeds from the issuance of the Sukuk Murabahah, from time to time, shall be utilised by DSSB for the following Shariah-compliant purposes:
(i) To pay all fees and expenses in relation to the Sukuk Murabahah Programme; and
(ii) To part finance DSSB’s new plantation development expenditure, construction of plantation mill and for working capital requirements (including to prefund the minimum required balance in the relevant designated account(s), if any).
Affin Hwang Investment Bank Berhad is the Principal Adviser, Lead Arranger and Lead Manager for DSSB's Sukuk Murabahah Programme.
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....