extract from annual rpt 2012 on da: men During the financial year under review, da:men shop offices have achieved a sales take-up rate of 98% da:men service apartments have received an encouraging sales take-up rate of 95% since its launch
Unless it can break above $0.87 this stock has broken its uptrend line on 31/7/2013... I am selling mine on its technical rebounds.. It is expecting more rebound in near term... Chartwise it is very bullish if can break $0.89...
0.85 now, once quarterly report out this month, will breach 0.90 soon enough, profit margin have been increasing for 3 to 4 consecutive quarters due to da: men which is 98% sold and will recognise revenue all the way to 2015
really? GOB is equine the incarnation?...by the way how come u 're mentioning my name without me ever come here..and just noticed your words at i3investors home page...then suddenly i'm here!!! twilight zone...very creepy
Tq my sifu Sephiroth for yr kind advice. I shall wait for the right timing to accumulate n hoping that one day i could own some coffee machine instead of just drinking coffee at OLD TOWN WHITE COFFEE
The previous shareholders and management were gradually removed after Equine’s former executive chairman disposed of his 29% stake to GOB’s current executive director, exiting the company after the 12th General Election. Since then, GOB’s property products have seen significant design and concept enhancements. The company’s recent project launches have been highly successful, with units at da:men in USJ and Springville Residence at Equine Park > 90% sold.
The link to Malton? Operationally, GOB and Malton (Not Rated, FV = MYR1.80) share some human resources, particularly the back-office operations, as well as property developments. For instance, one of the GOB’s directors, Mr Wee Beng Aun,is also Managing Director of Malton’s construction division; Mr Wee Seng Fatt, currently leading Malton’s Bukit Jalil project, was previously from GOB; and Mr Ng Eek Meen, who is currently the CFO of GOB, was previously the Deputy GM (Corporate Planning) of Malton.
Property assets to create more value. Development and management of retail malls are proven based on Malton, Pavilion REIT and Datuk Desmond Lim’s track record. As mentioned, there are three retail malls in GOB’s development pipeline: (i) da:men – 420k sqf; (ii) EQ Mall – 400k sqf; and (iii) Batu Kawan mall – 400k sqf. Among the three, da:men mall is the only one that has been planned to be one of the pipeline assets to be injected into Pavilion REIT. We think the other two could also be disposed of to the REIT in a longer term. da:men mall is scheduled to be completed in 2015. While both da:men and EQ malls are located within established townships with strong population base, we similarly see the potential for the Batu Kawan mall as more developments will take place in the area over the intermediate term. We estimate that, these three malls could potentially worth MYR1.1bn-1.3bn in total based on current market value. We like GOB’s asset recycling model, as it will not only add value to RNAV, but also help enhance the company’s cash flow.
Forecasts. GOB’s earnings saw a turnaround from FY12 (MYR32.1m in FY12 vs MYR6.4m in FY11). We expect steady double-digit growth of about 15-20% per year over the next two years on the back of MYR500m worth of launches in FY14, as well as unbilled sales of MYR560m. the group’s current earnings are largely underpinned by progress billings from da:men’s shop offices (fully sold) and serviced apartments (90% sold) which were launched two years ago, as well as Villa Heights in Taman Equine and Callisia in Batu Kawan.
rhb rpt quite powerful, previous kenanga rpt boost the share price from 0.69 to 0.85 (phase 1), now rhb rpt boost from 0.85 to 0.895 now (phase 2) and a huge jump in volume now
the unit trusts n insurance fund managers also will go in whne they hv an Investment Bank's research/report to back up their purchases for their funds....
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....
derrickinvestor
9,084 posts
Posted by derrickinvestor > 2013-08-05 16:18 | Report Abuse
no power