Posted by weida > 2012-08-27 10:37 | Report Abuse

weida is a very undervalue stock because it also owns 16,000 acres of planted oit palm estates in Sarawak located along the Sibu/Bintulu corridor. They bought it 6 years ago at a very cheap price of only about RM2500 per acres and since then they had planted the oil palms using their own internally generated earnings and cash flow. Conservatively valuing it at RM30k an acre its plantation asset is already worth RM480m or RM4.00 per share. Stand alone EPS before the contribution from plantation is already about 18s per share so with a PE of 10 its stand alone share price should be at least RM1.80 and if we add the plantation asset then it should be worth at least RM5.80 per share.....