This company is holding plenty of valuable lands, either in Penang or Shah Alam. If the land is revalue, the current share price is definitely under value. One of the important point as an investor is to look for future / potential grow of the company. The past quarter results are just for reference. It will not determine the future grow of that company. I think GOB still a very promising counters to invest for long term. Of course if you just aim for fast money, this counter might not be suitable for you.
Yup...sepiroth...This undervalue GOB is turning bullish...Small volume everyday...But very steady and healthy..Waiting for a big push to shoot up...Happy 2014
The properties counters very much depends on the lands and location of the developing projects. Don't just draw a conclusion that no hope for year 2014. When all the things price increase, the better way to keep your money is to invest in property.
I went over to the piece of land that own by GOB yesterday, very close to the 2nd Penang Bridge as well as the Penang IKEA. Although IKEA will start to be only on 2015, but I believe GOB will build more medium range terrace or semi in that area. I'm quite positive about it for the future :) Hope it will fly~!
martiniclub, gob have rising since hitting a low of 72 to 84.5 sen, contra players running to cash in profit aka profit taking, just 1 thing, mkt usually ignore fundamentals til the value of the land is unlock
They can if force re-valuation.......current majority on Batu Kawan is medium to low cost residential......a lot of property have change position, which was initially commercial to residential or industrial to residential........check out glenmarie.......
Very good! Now majority holdings have RSI above 65....... When the RSI hits above the overbought, and the price does not move, the reason is commitment. If the buyer commits, they are willing to buy at a perceive higher price in anticipation of a news or rumor. Hence most of the time, the commitment is on rumors and sell on facts. Let's see if they commit coming February.
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....
invester
265 posts
Posted by invester > 2013-12-27 23:10 | Report Abuse
This company is holding plenty of valuable lands, either in Penang or Shah Alam. If the land is revalue, the current share price is definitely under value. One of the important point as an investor is to look for future / potential grow of the company. The past quarter results are just for reference. It will not determine the future grow of that company. I think GOB still a very promising counters to invest for long term. Of course if you just aim for fast money, this counter might not be suitable for you.