Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in. As of today, the stock price of PJ Development Holdings Bhd is RM1.51. PJ Development Holdings Bhd's graham number for the quarter that ended in Dec. 2013 was RM3.07. Therefore, PJ Development Holdings Bhd's Price to Graham Number ratio for today is 0.49.
Graham Number is a concept based on Ben Graham's conservative valuation of companies.
TROP's land sale gain which was reflected in the last quarterly earnings report boosted the price on 20th of February. The proceeds from disposal of Menara PJD will be recorded in the book when the next quarterly earnings report is released at the end of May. Not for sure, but higher probability that the stock price of PJDEV will rally.
After reading sleeping beauty story, I realized that princess pjdev is a snow queen waiting for coronation day. When will her power be unleashed? Hope osk boss don't pull her hair anymore....she needs to be untangled from the grip of this powerful master.... :D
According to last Quarter result released, the stock price (PJDev-WC) sky rocket up 47% gain 2 weeks before the Quarter result released. Will history repeat itself ? Let us wait and see. Thank you.
Mr. Ooi, thanks for your effort and detail studies on this. By the way, what do you think of properties prospect in Malaysia which we have only small population but with increasing housing developments?
Thanks Mr.Ooi, i am also confident with properties index but was puzzled and scared by some recent articles by some analysts about the worries of bubble burst for properties. On the other hand, i am having number of L&G which was lured by its low PE but high NTA and Cash in hand, what do you think of this counter? Thanks for sharing and have a nice weekend ahead!
For me L&G is not tat attractive as they got large base of loan stock...If u factor in the large amount of share outstanding fm d loan stock, actually L&G's NTA is only about 0.40-0.45 only...At 0.56 share i still think it is overvalued...If fact we should factor in the loan stock to get its true Net Tangible Asset...Some more L&G dun declare dividend...It is a SELL for me! PJDEV is better than L&G if u factor in the whole picture
To me, both L&G and PJdev looks equally attractive instead. Thou L&G seems lower in terms of naps, but its incredible increase in revenues, profit, eps in recent quarters are showing an obvious uptrend. Adding with an approximate $600m unbilled sales in hand and good management of the company, it'll probably fly upon next quarter result(anticipating a good one) out next 3 weeks. Same goes to pjdev here :)
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....
hobbits
121 posts
Posted by hobbits > 2014-04-14 16:11 | Report Abuse
It's still a good price to enter and accumulate.