Emerald hills and emerald 9 take up rate are good since launching. As reported by the management, DC Residency also registered a strong take-up rate from HK buyers. Last quarter results which will be announced within this 2 months should show a big improvement compare to the last corresponding year.

AM
X
Justmie GLM has just disposed part of their land in Jasin for RM119M. After the disposal, GLM still have a balance of 1,302.7 hectares of land in Jasin. The transacted value of this land parcel is approximately RM45 per square m. If base on land value of RM 45 per square m, the balance of land is worth around RM 586M. GLM share portion is value at RM396.8M before tax which translate into RM0.56sen per GLM share. Current share price is only RM0.72. NTA 1.91 base on first quarter 2020 report. NAV should be much higher, at least another 0.20-0.25sen If to take into the consideration the revaluation of the entire land in Jasin.

https://www.nst.com.my/property/2019/11/541189/guocoland-malaysias-best-campaign-offers-easy-way-own-home

Garland Residence 20’x60’ double storey Terrance house >80% sold.

I believe Guocoland will deliver a good financial result for year 2020. Sales for Emerald hill 1st phase already exceeded 95%. Take up rate for Emerald 9 phase 1 also more than 85% while 2nd phase of garden terrace is more than 85% sold. Current tension in HK will also boost the sale of DC Residency and The Oval. The management also declare a final dividend of 2 sen which will be ex on the 4November. At current price of RM0.65 means the dividend yield is more than 3%. Current company NTA is RM1.93, I think it is still a good safe investment in this company at this level.

Is this the best time for major shareholders to take this company private?

Anyone attended the AGM today? How’s the outlook for Guocoland for 2019?