be greedy when other people is greedy, be greedy when other people is fearful, be greedy when other people is optimistic , be greedy when other people is pessimistic , be greedy. greed is good.
Sifu Icon888, capital city still not contribute at normal pace ,right ? because the net profit margin in property division is below 20% .it should higher right ?
I am always curious, everyone knows Gadang is that good, i dont think anyone has negative to say about the stock, but why it hasn't reach it's TP? Look at Ecoworld, a heavyweight that deserve it's own right base on its heavy valuation
Kenanga gave its plantation value about RM41m based on USD7,500 per ha x 3.80 x 1,500 ha. Total ha is about 5200 ha, so another RM41m x 3,700/1500 = RM101m upside when the remaining 3,700 ha reach maturity in a few years time.
Kenanga EV/EBITDA for Gadang is also very attractive for FYE16-18, between 2.5x to 3.5x. FYE16 PE is 5.8x, while small cap construction stocks is about 10x, so upside is 4.2/5.8 of 72% (in 2-3 years).
thanks sifu icon888, i just curious that why the contribution from capital city so slow & i dont know how to calculate the unbill sales from capital city?
From the latest report, 9 month 2016 VS 9 month 2015 , property profit didnt show much increase in volume or profit margin .capital city seem not contribute profit yet.
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....
buddyinvest
719 posts
Posted by buddyinvest > 2016-05-04 19:33 | Report Abuse
Sold. Hi hi