Ampro is the only property counter which stable at this disasater moment. See asiapac lg mkh ioi simepro Tropicana all go down Ampro up more . Seem is a very good comapny
Not so good QR, but promising.. with all the investment they plan to do, i think after this amprop profit will be more stable and improve significantly. Be patient and you will be rewarding.
Anyway, with 3 sen dividen ( DY 5%) is still good deal.
AmProp will benefifrom it's investment in London properties as Conservatives is expected to win the UK election. Property prices expected to rise and so the pound sterling as well - a double gains.
London properties especially in high end sector are now recovering and pound is expected to recover too once uncertainty on election and Brexit is over. Invest for the future and do it at your own assessment and valuation.
With Amcorp Group buying a controlling stake in Tee Land Singapore, it would seem that AmProp will be taken private in a matter of time. If I'm flushed with cash why not .. anytime !! And why not ? Coz the price is just very tempting and doable.. currrent maket price hovering RM0.40 to RM0.45 whilst NTA is RM1.45. Amcorp Group holds approximately 75% in Amprop so the balance 25% on a GO say at RM0.50 will only cost RM75 million with an untapped value of approx RM140 million of its NTA... and thats only on the 25% stake GO !! Amprop then can realise a better value for its overseas project being pumped into Tee Land and probably easier to gain access to capital market.. So.. it's another TA Global where MI's will get less for their share value but Bursa, SC and gang will still ok the deal coz its still better than the present market value although its miles away from its net asset value. No corporate raider is going to fight Amcorp Group for this coz of the freefloat of 25% only available in the market... Well... there you go.. another CORPORATE GREED in play taking advantage of the Mi's in an imperfect market situation... MSWG - another case study for you to examine..
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....
Moon
62 posts
Posted by Moon > 2018-05-14 13:27 | Report Abuse
What is the Impact of GE result to this counter? Seems like neutral