dengar from insider,sampah akan goring from 0.05 to 0.07 pada december,lepas tu jatuh ke 0.03-o.o4.keep for few months then back to 0.05. Dan sekarang tan mahu goring jag.
MK Land is finally looking to unveil a condominium project in Damansara Damai, the Group’s latest and first since 2009 (One Damansara, launched in Jan 2009). The project is said to have RM400mn in GDV, sitting on a 6.56 acres of land located in Damansara Damai. Prices start at RM450k for a 1,015sqft unit. Soft launch is expected in coming weeks. The next launch in the pipeline is the 17-acre development (3 phases, c.RM500m GDV) in Damansara Perdana, but the timing is uncertain at this juncture.
New projects. As expected, unbilled sales has decreased further to c.RM200m currently (from RM300m last year) due to lack of new launches and difficult trading environment. While positive on the Group’s new launch, the timing is relatively bad, given the current soft demand. We understand that it is considering selling its properties en-bloc to minimize selling risks albeit at potentially lower margins. Meanwhile, sales for current projects especially from semi- detached ‘The Rafflesia’ is still very slow. We understand that the Group is considering changing the mix into more marketable products such as landed link-houses. Separately, its long delayed project “Armanee Terrace” is targeted to be completed by end-2015. All in, the group has a combined RM1bn worth of inventories and new projects for sale currently. Land value. The latest land sale was completed in FY15 and we understand that it is looking to sell more. As reported in our earlier report, MK Land has plans to sell its Setiawangsa land valued at c.RM96m or RM40psf. MK Land believes that the market value is higher now at RM70psf or RM168m for the 55 acres land. Additionally, it also believes that its landbank in Damansara Perdana is worth more than RM300 psf now. In our RNAV estimates, we estimate the land in Setiawangsa at RM40psf and residential land in Damansara Perdana at RM200psf. Maintain Outperform and TP of RM0.80 or 50% discount to our RNAV estimate. Selling properties is admittedly challenging in the current environment. That said, we still believe in the value of the Group’s landbank especially in Damansara Perdana of which other developers such as Mammoth Empire are seeing much potential as evident by its aggressive landbanking over there. All told, we believe that unless there’s land sale, the Group might see its earnings to be under pressure in the near term. Hence, we adjust our FY16F/17F net earnings by -16%/-2% respectively to account for near-term earning weakness.
Source: PublicInvest Research - 4 Nov 2015
Kutiplah emas betul instead of sampah,tak tahu kira ke?keke
Bayangkan from 0.4(mkland) to 0.8 is easier or 0.05 to 0.1(sampah) more easier?? target 1 year! orang yg tak tahu main pun tahu main mkland,potential kat sana..
Datin Tan is not so stupid as to acquire n owns so much shares in this counter n lets all her investment here goes to ruin. She knows that this company has potential n is slowly going to make profits. Once it starts making money the sky is the limit!!! Trade at own risk.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PROPOSED SPECIAL ISSUE OF UP TO 172,000,000 NEW ORDINARY SHARES OF RM0.05 EACH IN FLONIC TO INDEPENDENT THIRD PARTY BUMIPUTERA INVESTOR(S) TO BE IDENTIFIED (PROPOSED SPECIAL ISSUE)
KUALA LUMPUR (Nov 13): Flonic Hi-Tech Bhd (Valuation: 0.30, Fundamental: 1.65) has proposed to implement a special issue of up to 172 million new shares which are to be placed out to independent third party bumiputera investor(s), thus enabling the company to meet its bumiputera equity compliance.
The proceeds raised from the proposed special bumiputera issue of up to RM8.6 million will be used for working capital.
Pending utilisation, up to RM8.48 million will be placed in interest-bearing fixed deposit accounts with licensed financial institution(s) or in short-term money market instruments, it added.
In a filing with Bursa Malaysia today, Flonic said the issue price of the special issue shares will be determined and fixed by the board of directors at a later date, after all relevant approvals have been obtained.
In any case, the issue price of the special issue shares will not be lower than the par value of Flonic shares of five sen.
"Based on an indicative issue price of five sen, it represents a premium of 0.1 sen or 2.04% from the five-day weighted average market price of Flonic shares up to and including Nov 12 of 4.9 sen," said Flonic.
The ACE Market-listed company added that the special issue shares will, upon allotment and issuance, rank pari passu in all respects with the then existing Flonic shares, except that they will not be entitled to any dividend, right, allotment and/or any other distribution, the entitlement date of which is prior to the date of allotment of the special issue shares.
Depending on the investors' interest at the point of implementation, Flonic said the proposed special issue may be implemented in tranches within six months from the date of approval of Bursa Securities (Valuation: 1.70, Fundamental: 2.30).
"As such, there may be several price fixing dates depending on the number of tranches and timing of implementation," it added.
The proposed special issue is also subject to approvals from Flonic shareholders at an extraordinary general meeting to be convened.
It hopes the proposed special issue will be completed by the second quarter of 2016.
Flonic shares rose 0.5 sen or 11.11% to close at five sen today, for a market capitalisation of RM36 million.
(Note: The Edge Research's fundamental score reflects a company's
wat a sohai director lead the company to Holland~~simple math buying jiwa using 6.375M n now wanna sell for 2.75M so may I as how much is the profit anybody??answer shd be 2.6B I guess^^
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....
pattleongkam
288 posts
Posted by pattleongkam > 2015-11-03 21:35 | Report Abuse
thanks ftc, iamtua
actually, how many tonne of lorry have u been loading in?
if u don't mind sharing...hehe