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7 comment(s). Last comment by nooobieee 2015-07-27 15:30
Posted by lepeng85 > 2014-02-11 10:18 | Report Abuse
where got such as high price of RM100/psf in kedah ?! I don't believe it
Posted by ckleow79 > 2014-02-11 11:49 | Report Abuse
fully agreed. RM 100 is a magical value ... RM 20 already consider very good la
Posted by garfield282004 > 2014-02-11 13:59 | Report Abuse
Even if Rm10/psf, total value of all land around 650mil with no long term bank loan and shortterm debt only 19mil. 650mil/750mil share = 0.85cents. Current price Rm0.38 abt 60% discount from land value. But bare in mind, value is value, if it can't release, it mean ntg. Net Cash ard 150mils = 0.2per share. There's no doubt this is a cash cow co#. Depends on Management is stingy or not now.
Posted by nooobieee > 2015-07-27 15:29 | Report Abuse
they just replanted most of the land. wait for 6 years. definitely double.
so one year around 17% gain. who wanna bet?
Posted by nooobieee > 2015-07-27 15:30 | Report Abuse
put bank only 4%. kns right?
this one almost guarantee one
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Posted by ping > 2014-02-11 10:07 | Report Abuse
I think RM100 psf is way too high in Kulim. It should be around RM10-15 psf.