UMNO link UEMS ROCKET? Next will BE KUB also UMNO LINK !!

When come to election theme stock, KUB is the one which related to UMNO. Its has direct ownership by Johari Abdul Ghan, the vice president of UMNO, and also treasuries in position. UMNO sold it to him at RM 0.68 before, and current price still below RM 0.60. Cash per share worth RM 0.60, its obvious that the company remain undervalue.

Under leadership of Johari, the company has sustain earning well despite the COVID in 2020 and 2021, latest two quarter result can see more than 30% growth in net profit. By looking at his leadership in CI HOLDING, we are pretty sure that KUB can show the same result. CI HOLDING has distribute special dividend of RM 5.10 in year 2012 after dispose of business, then after acquiring new business, the profit has been steadily improve over the years, so the the stock price. 

It will be nothing new if Johari next plan to distribute the cash pile in KUB as special dividend, as recently news, he want to acquire MYNEWS, which will need to fork out a large number of cash. 

Recently KUB also feature in The Edge Owner Tong's Portfolio column with entry cost RM 0.49. The Edge Weekly listed KUB among the stocks trading with negative enterprise value (undervalue) on Bursa Malaysia. Since state election 2023 hold in August, we expect value of KUB will be unlock soon.

Do you think KUB undervalue? Personally think it is, with so much cash in hand, definitely worth to be looking at especially election is near.