Another thing about asset play is the assets bought upteen years ago still sitting on old book value
If revalued or sold these stocks of Asset plays will unlock Real Value
Recently Dolomite sold an asset and it's shares went limit up from 8 sen to 19 sen for a 11 sen gain But the price rise was not justified as it's Nta was only less than 10 sen
Another similar asset play stock is Asb. Asb at 14 sen has a huge 45 sen asset backing Asb will be finalizing it's sale of shah Alam factory for Rm124 millions (cost Rm31 millions book value) so by selling this land Asb is unlocking land value and getting a net profit of 8.3 sen (asb is an out of favour, unloved and also unpopular, undiscovered stock of great potential)
So Asb presents us a great buy
Again many cannot see this asset play stock which Peter Lynch or Howard Marks' will load up if they are Malaysia
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....
calvintaneng
56,242 posts
Posted by calvintaneng > 2019-06-20 20:36 | Report Abuse
See how Concrete Piles got long steel embedded inside
https://www.youtube.com/watch?v=xp9f2ZURD1s