Yes. You are right. But this 1 is under valued. Will keep for 3 months and see how. When people see its real value, it will be too late to get at this price. Just a matter of time. Stay tuned
a)In the 2015 Annual Report of ASB Under Top 10 Properties
A Freehold Industrial Land & Building Was Purchased In Section 22, Shah Alam, Selangor In Year 2003 for RM31,909,000
The Land size is 61,492 sq meter.
Now let's do a simple Calculation & Then Its Valuation
Land is 61,402 sq. meter. 1 sq meter = 10.7639 sq ft
So 61,402 x 10.7639 = 660,924 sq ft.
According to PROPERTYGURU MY Listing. Industrial Land With Buildings are priced between RM200 psf to RM600 psf. For Section 22 Freehold Factories & Lands They are Priced around RM580 psf.
Let's take a very conservative figure of The Very Lowest Price at Only RM200 psf
So 660,924 x RM200 = RM132,184,800
Now Minus Original Purchase Price of RM31,909,000 (Year Bought 2003 - 11 years ago)
So RM132,184,800 - RM31,909,000 = A Surplus or Profit if Sold = RM100,275,000
Now let's divide by outstanding shares of ASB - 513,720,000 shares
So 100,275,000 divided by 513,720,000 = 19.5 Cts
YES THIS WILL BE THE NET PROFIT IF THE SHAH ALAM SECTION 22 LAND & BUILDING IS SOLD.
So at Current Price of 17 cts ASB IS SELLING FAR FAR BELOW NTA AND ALSO BELOW NET CASH VALUE IF JUST ONE PROPERTY IS SOLD.
AND THERE ARE 7 MORE VERY HIGHLY VALUABLE PROPERTIES IN ASB'S TOTAL HOLDINGS.
NOW CAN YOU SEE WHY ASB IS FAR MORE VALUABLE THAN LCTH MANY TIMES!
Do Your Own Due Diligence.
Get Accountants & Valuers To Double Check What I Say Whether It's True or Not
Regards,
Calvin Tan
2.30a.m. 20.05.2014 Singapore Time b)Let's Look At Another Interesting Property By ASB
In The Heart of Kuala Lumpur - The World Number 4 Shopping Destination according to CNN
ASB has an 18 Storey Hotel
Address is no. 69, Jalan Haji Hussein, 50300 Kuala Lumpur
It is Freehold with Land Area of 3,214 sq meter
1 sq meter is 10.7639 sq ft. So 3,214 x 10.7639 = 34,595 sq ft.
Date of Purchase or Last Value was 25/03/2005.
Purchase price was - RM29.077,000
Our Hotel Cum Restaurant in France Bought in Year 2009 for RM15 Mil Was Sold For A Huge Profit of Over RM30 Mil at A Sale Price of RM46.8 Mil
This KL Hotel Should Do Better Because:
1) KL Is In A Property Bull Run 2) Greater KL MRT Will Further Enhance Value 3) The World Famous Lonely Planet Has Included Malaysia as the Top 10 Tourism Nation 4) CNN mentioned Malaysia as World Number 4 Shopping Destination.
After MH370 bad patch is over Chinese Tourists will flock to Malaysia again.
SO WHAT IS THE CURRENT VALUE FOR ASB's 18 STOREY HOTEL IN THE HEART OF KUALA LUMPUR?
Since I am typing this in Singapore I think some one from KL can definitely do a better job
See you - leaving for Booming & Exciting Iskandar now
ASB can be a potential takeover target with ample liquidity from the assets disposal of France properties and a free float shares of 62 percent. Based on 2012 Annual Report major shareholders hold about 38% of the share.
In my previous article of July 28, 2013 posted on Trade Signum I had highlighted that we do not even have to evaluated the fixed assets of ASB because the current assets alone can cover for all their total debts outstandings.
One just have to borrow RM 45-75 million to take majority control of the company. I was very surprised that it took close to a year for investors to take notice what this company is doing for the past few years. Restructuring and Reorganising.
If that were the case, shouldn’t they have more knowledge what the shares price is worth now?
Friends or Foes this counter is going to generate more excitements once it break the 22 sen major resistance level with volume support never seen before in the last 2 days.
It is now high time for many analysts to take a second look at this counter that has so many business interests all over the world and in particular their undervalued properties asset.
Just because earnings were not fantastic, this counter is only valued at RM70mio in 2013 Wakey! Wakey! Guys. RE RATE THIS COUNTER.
-------------------------------------------------------------my posting in tradesignum in 2013......
Market capitalisation of ASB as at 26 July 2013 is only RM 75 mio.
Assuming u take a loan of RM 75 mio and buy over all the shares of this company.
Now after you have acquired the company start the assets stripping exercise.
1. Use the Current Assets of RM 286 mio to settle all the liabilities of RM 137 mio.
Now you still have a balance of RM 149 mio and use this to settle your initial loan of RM 75 mio.
2. Now you have a cool RM 74 mio of Current Assets.
3. That's not all. Take a quick look at the FIxed and Long Term Assets ,-
Property, plant and Equip............ RM 156 mio Long Term Investment.................RM 69 mio Other Long Term Assets...............RM 11 mio Other Intangible...........................RM 8 mio
So basically you are taking home over RM 318 mio or 62 sen a share without the goodwill of RM100 mio.
This is a highly illiquid shares so patience is the virtue.
Happy Investing! Invest at your own risk. by trader8899 28-Jul-2013 9:34 AM reply
D)I recommended ASB to Regain Choco Ship people in hope that they make some money. You see ASB was traded range bound between 13 cts to 17 cts. So at 14.5 cts the downside is very limited.
And since ASB has sold a property to unlock Cash I calculated its asset value. To my surprise I found them very undervalued.
I bought 50,000 shares at 14.5 cts & 50,000 shares at 15 cts. A total of only 100,000 shares or 100 lots only. As Price Has Surged So Much I had Taken Some Profit. The Rest I Will Keep For Long Term As They Are My Profit. Let the profit run...
We should buy below Intrinsic Value & Sell When Market Is Overvalued.
As For ASB I have yet to fathom its True Value. I Think Longer Term ASB Should Rise Above 50 Cts to RM1.00
Short term I really cannot tell. Please trade carefully
Regards,
Calvin Tan 26/05/2014 22:35
E)
I recommended ASB to Regain Choco Ship people to buy ASB at 14.5 cts & Mulpha at 43.5 Cts.
Since then ASB has gone wild and flew up to touch 26 cts. I am definitely a very insignificant small fry to push up ASB. I think there may be 3 reasons
1) Many have opened their eyes to see the Highly Undervalued Assets of ASB so they chased up the shares.
2) Maybe some syndicate also joined in to goreng up.
3) Or some funds or individuals are accumulating Big Time because there is no Controlling Major Shareholder in ASB. If so the substantial share holder is in danger of losing his majority position to someone else.
As of now I really don't know. What I do know is ASB is a very undervalued counter. Long Term Investors are encourage to take position. Short term make or loss I cannot tell.
So please do your own due diligence.
Yes, Mulpha is also very undervalued. Please invest & not speculate too much
Regards,
Calvin Tan 27/05/2014 19:55 F)
1. 15 acres freehold Pahang land - Last revaluation Year 2005 RM32.5m (Should be close to RM50m) 2. 15 acres industrial land in Shah Alam - 2003 - RM32m (Using RM80psf, should be close to RM55m) 3. 1.5 acre 18 storeyhotel building in KL - 2005 - RM29m (Using RM1000psf, should be close to RM65m) 4.Sudan land with hotel - 2005, RM15m (Not sure, should be close to RM20m) 5. Paris hotel building -2009, RM13m (Gonna sell at RM45m?) 6. 9.7 acres industrial land in Tebrau - 2005, RM9m (At RM40psf, should be RM17m) Other 4 buildings total RM15m valued, assuming no upside
Conservatively, all assets should be valued about RM270m, with cash 130million - debt RM70m ) = RM330m + remaining working capital RM100m =RM430m
RM430m/ 930million shares = RM 0.46 fair value Correct me if I am wrong, my valuation super cheap only.. 28/05/2014 00:56
注:(第五,六的资产己出售) G) For Shah Alam The Industrial Land & Building is in Prime Area of Section 22. According To Property Advertised For Sale in PROPERTYGURU MY.COM Factories here are around RM200 to RM600 psf. What I saw In Section 22, Shah Alam, Selangor is around RM580 psf.
And For Tebrau Industrial Land in Iskandar It Should Be Around RM100 psf to RM200 psf according to Mr. Ong who is The Boss of A Brick Factory. He supplies bricks for Major Construction projects in Iskandar.
I think ASB NTA Should Be Around RM1.50 to RM2.00 at the very least. Again the Best Answer Is Company Should Go For A Complete Revaluation by Professional Valuers to Give Exact Figures 28/05/2014 10:18
guys, please read ASB LA propectus also..it will dilute the eps of ASB...interest payment have to be pay to LA.. penny stocks theme seems ending soon by looking at other penny stock..beware
ASB , excellent stock. Can buy to keep. Revenue 276.775m, net profit is 17.324m, cash at bank is 57.226m, short term deposit in bank is 84.321m, cash flow from operating activities is 18.988m. This is a good time to buy.
China visa free coming to malaysia boost tourism sector. In sabah alone, there is increasing direct flight to china city and there are also 6 korean airlines operating in kota kinabalu airport. you can see chinese/korean are everywhare in kk city catching one of the best sunset in the world
Entitlement description Single tier dividend of 0.25 sen per ordinary share in respect of the financial year ended 31 December 2016. EX-date 26 Jul 2017 Entitlement date 28 Jul 2017 Entitlement time 04:00 PM Entitlement subject Final Dividend What it means?
Buy this stock , excellent cash position, RM139.85m, Gross profit is the best = 97.476m, top line is fantastic ie revenue at 276.775m, short term borrowings only 23.499m. No worry about this company. Very well managed.
ASB brand Holiday Villa Resort is on track positive growing and its tech company positive growth in big data transformation will be bright future in FY2017 and FY2018.
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....
sengkee
2,060 posts
Posted by sengkee > 2017-04-18 09:24 | Report Abuse
Just top up