Posted by Steve Jub > 2013-06-10 10:53 | Report Abuse

go go go, if can break all the high, woohoo!

Posted by iafx > 2013-06-10 11:44 | Report Abuse

pe 4.91 ONLY, fully backup with highway, power businesses and properties rentals!! so don't complaint there is no good counter at cheap price, yet with div! :)

Posted by Steve Jub > 2013-06-10 12:26 | Report Abuse

resistant at 0.845 now

Posted by teor cheosoon > 2013-06-10 22:45 | Report Abuse

recommended by "cold eye", buy buy buy

Posted by sethoylo > 2013-06-10 23:12 | Report Abuse

"cold eye" recommand this counter meh? where u get the source?

Posted by divine > 2013-06-11 06:27 | Report Abuse

gone up already recently. not sure if I should go in now.
anyone?

Posted by iafx > 2013-06-11 08:48 | Report Abuse

冷眼专栏: 分享锦集：阿马产业 伦敦报捷 (http://www.nanyang.com/node/503098)
2013-01-11 13:05

由公积金局、森那美和实达产业联合组成的财团，以4亿英镑标得伦敦巴特西（Battersea）地段的发展权，轰动马英，成为产业界之美谈。

实际上，最先进军伦敦产业界的，不是公、森、实财团，而是另一家上市公司———阿马产业有限公司（ACcorp Properties Bhd.简称AMProp，产业组）。该公司早在三年前，当伦敦产业大跌时就采取了反向投资策略，积极投资于伦敦产业，成为大马上市公司进军英国产业的先锋。

当别的产业公司对伦敦产业市场跃跃欲试时，阿马已取得丰厚的成果。

该公司投资伦敦，双管齐下，一方面乘低收购优质产业，收取租金；一方面与当地发展商联营，发展产业出售。

尽管在投资规模方面阿马产业无法与巴特西计划相比，但在投资眼光和策略方面，阿马产业似更胜一筹，是伦敦产业市场的先知先觉者。

阿马产业前身为阿马发展（AMDB Bhd），是一家连年亏蚀，债务缠身的公司。于2009年8月5日完成财务重组，脱售非核心业务（旅游、餐饮及广告业）之后，集中发展三大业务：1产业；2工程及基建；3再生能源。并于2010年9月易名为阿马产业（AMCorp Properties Bhd.）。

公司业绩长足进展

经过一连串的脱售资产、采取新的投资策略后，目前的阿马产业已不是昔日的吴下阿蒙。投资者如果还是以过去的AMDB来看待该公司的股票的话，势将失之交臂。

从该公司过去五年的业绩，可以明显的看出该公司的已取得长足的进展。

每股净赚6.1仙

阿马产业到去年9月31日的上半年，已取得3498令吉的净利，每股净赚6.1仙。

该公司去年10月24日以4627万令吉脱售芙蓉的一段156英亩土地，净赚2723万令吉，加上上半年的净利，到目前为止已赚了6221万令吉，或是每股10.86仙。

如果到今年3月的下半年能重复上半年的营业盈利的话，则全年每股净利约为17仙，跟去年不相上下。

该公司到去年9月31日时，手头握有2亿令吉现金，假如下半年能保持上半年3498万令吉的净利，加上脱售芙蓉地皮所得4627万令吉，则到2013年3月财务年结束时，手头现金将增至2亿8125万令吉。

该公司在去年9月31日第二季结账时的负债额为1亿2813万令吉，其中长期负债为8670万令吉，短期负债只占3368万令吉。

手头净现金额1.5亿

从2亿8125万令吉中扣除1亿2813万令吉的长短债务后，届时，手头净现金额将高达1亿5312万令吉，或是每股有现金26.7仙。

由于长期负债无须在一年中摊还，一年内只需摊还3368万令吉的短债，周转金可谓绰绰有余。

该公司目前的财政基础可谓非常稳固，跟过去AMDB债台高筑的窘况相比，简直有天渊之别。

公司回购股票

阿马产业的实收资本为2亿8773万令吉，分为每股50仙的股票5亿7308万股。

每股净有形资产价值为1令吉19仙（在2012年9月31日时）。

该股上周五的闭市价为53仙，以去年每股净利18仙计算，本益比只有三倍。

以去年派发的6仙毛股息计算，毛周息率高达11.3%。

难怪该公司持续不断的从股市回购其股票。

阿马产业稳固财务3大基础

1.投资伦敦产业成功，该公司于2010年以2亿6000多万令吉买进伦敦市中心一座商业大厦的60%股权，于2011年脱手，净赚6600万令吉。

2.脱售资产，其中最显著的是以1亿2200万令吉脱售雪邦的1300英亩油棕园，去年10月又以4627万令吉脱售芙蓉的156英亩土地。

3.产业发展小型水力发电厂及其他业务均取得可观盈利。

进行中业务

1.莎阿南的188英亩产业发展计划，叫Kayangan山庄。

2.在砂拉越诗巫的诗巫查也有发展计划，占地750英亩。

*以上两项计划可在5至10年间为该公司带来16亿令吉的营业额。

3.在伦敦与当地发展商联营兴建216间公寓，目前在发售中。

4.在彭亨的小型水力发电厂带来稳定收入。

声明

本文资料取自该公司年报、季报、文告和THEEDGE周刊，相信可靠。本文仅供参考，并非推荐购买。投资前请谘询专业人士。笔者可能拥有或未拥有此股。

Posted by Steve Jub > 2013-06-11 12:23 | Report Abuse

iafx, got english version?

Posted by iafx > 2013-06-11 12:32 | Report Abuse

this is what i did, goto http://www.nanyang.com/node/503098, right click on the page and select translate, read it together with latest annual report, cross check figures with latest 2 qtr reports. if u do this, trust that u will be pleased :)

Posted by taiong59 > 2013-06-11 13:32 | Report Abuse

Iafx...is that this year div only 3% compare to previous year?

Posted by iafx > 2013-06-11 14:30 | Report Abuse

this year div is on the way, not yet announce. last year there was a sp div, don't mix up with ordinary div

Posted by Alvian > 2013-06-11 14:32 | Report Abuse

indeed this stock still undervalue and with good profit... but i wonder why the p/e still lower than the sector p/e?

Posted by iafx > 2013-06-11 14:36 | Report Abuse

bcos amprop earnings surpass the sector average. next year with 11 mils recurring income from the new power project, believe good chance of increase div

Posted by Alvian > 2013-06-11 14:44 | Report Abuse

hmmm with high profit and great forecast and low p/e, should be many investor would buy this counter... and likely to move p/e up

Posted by iafx > 2013-06-11 14:51 | Report Abuse

in steady manner, take a look at amprop 3, 6, 12 months chart, a clear up trend is there. the same trend last spotted with kian-joo; now up over $3 :)

Posted by Alvian > 2013-06-11 14:55 | Report Abuse

yap you right... but still steady on his p/e.... great to invest here.... wonder when the p/e would be move up like his peers

Posted by Steve Jub > 2013-06-12 12:08 | Report Abuse

sold about 90% position this morning due to weak sentiment.

Posted by Alvian > 2013-06-12 12:11 | Report Abuse

weak sentiment??? u mean global market?

Posted by iafx > 2013-06-12 16:53 | Report Abuse

caution but very well supported :) believe it's juz a matter of time!

Posted by taiong59 > 2013-06-12 17:31 | Report Abuse

yaya...surprisingly...why arent ther any tp made for this counter?

Posted by teor cheosoon > 2013-06-12 17:53 | Report Abuse

Good counter to keep long term, believe me,I m holding 20,000 unit

Posted by iafx > 2013-06-12 18:00 | Report Abuse

taiong, u were waiting justnow also, right? hahahaaa... aisey, no worry :)

Posted by Alvian > 2013-06-12 18:30 | Report Abuse

http://klse.i3investor.com/servlets/anpth/915355.jsp
another earnings

Posted by Alvian > 2013-06-12 19:02 | Report Abuse

seems tomorrow are the time to move up and follow the other peers...

Posted by taiong59 > 2013-06-12 19:39 | Report Abuse

Iafx...waiting for more chance to top up.....holding at average 81 Sen...aiksss

Posted by iafx > 2013-06-12 19:44 | Report Abuse

nice and easy, no worry & best of luck :)

Posted by taiong59 > 2013-06-12 21:40 | Report Abuse

Ya same to u...shifting my portfolio towards some solid counters...fed up with those speculative counter ....something solid made me at more ease...cheers

Posted by Steve Jub > 2013-06-13 10:09 | Report Abuse

still can tahan ya the price, not bad

Posted by taiong59 > 2013-06-13 14:31 | Report Abuse

ya...support there...hopefully

Posted by Steve Jub > 2013-06-13 15:22 | Report Abuse

0.77 buy q banyak jugak.

Posted by taiong59 > 2013-06-13 17:53 | Report Abuse

Can't get at 775

Posted by Steve Jub > 2013-06-13 20:13 | Report Abuse

think still can try again tomoro :)

Posted by Alvian > 2013-06-14 20:24 | Report Abuse

UK House price keep rising....

Posted by iafx > 2013-06-14 20:49 | Report Abuse

london an international market, good time bad time never short of buyer :)

Posted by Alvian > 2013-06-16 02:06 | Report Abuse

@iafx,may i know your TP for amprop?

Posted by divine > 2013-06-16 07:43 | Report Abuse

Some this is a buy n hold

Posted by iafx > 2013-06-16 13:34 | Report Abuse

true, intend to hold long term, no thought of tp. believe apart from good property income, amcorp power venture in green energy a strong catalyst in time to come :)

Posted by Steve Jub > 2013-06-17 13:23 | Report Abuse

i managed to grab some last week. already sent order this week to accumulate more but order price quite low hehe

Posted by taiong59 > 2013-06-18 18:27 | Report Abuse

iafx...what other project they intend to venture into other than properties?
mind to share

Posted by Steve Jub > 2013-06-18 18:41 | Report Abuse

seem like 0.8 resistant now in spite of promised 6% dividend. hmm...

Posted by thesteward > 2013-06-18 18:43 | Report Abuse

today I grab some last 15 mins at .795. worse come to worse just hold long term. Fed up with stocks that swing up and down in a big way like Benalec. Heart cant take it. Better stock with good nta like this and asiapac. sleep better ha.

Posted by Steve Jub > 2013-06-18 18:48 | Report Abuse

ya looking at the one year chart, nice uptrend line also. now kinda consolidating for the next surge

Posted by iafx > 2013-06-19 16:41 | Report Abuse

Fed seen keeping options open on pace of bond buying. amprop the cheapest value for money counter!

Posted by Steve Jub > 2013-06-20 09:27 | Report Abuse

someone throw at 77, so lucky the one got it

Posted by iafx > 2013-06-20 09:27 | Report Abuse

teasing everyone's patient :D

Posted by Steve Jub > 2013-06-20 11:59 | Report Abuse

i have sent order to bait it hehe

Posted by Steve Jub > 2013-06-20 15:06 | Report Abuse

ops coming back already, waiting for it come

Posted by iafx > 2013-06-20 16:57 | Report Abuse

danger zone... fortunately strong biz model :)

Posted by Steve Jub > 2013-06-20 17:02 | Report Abuse

ya lo my 0.775 position also tak boleh tahan soon...but i read to put order at around 0.71

Posted by iafx > 2013-06-20 17:06 | Report Abuse

if really getting too risky; hate to say this, maybe need to consider offload a portion for more cash in hand. juz a 2c comment, yr $ yr choice!