This counter is slowly gaining recognition. I have a feeling 2014 will be the year I exit. I went into the WC in 2011 at 31 sen. Will probably sell if it hits 60
can easily touch 1.60 by year end...Now the the major shareholders are waiting for the right time to ramp up the share i believe it is going to be a big rise in one single day and major rises in the following days...Pjdev could be listed as top 10 major gainer on a particular day...It is a matter of time once they announce a major corporate exercise soon...
I bought WC two years ago at 31 sen when the company was reporting 50m profit. Now the profit has grown to 70m and wc is only trading at 34 sen. So from fundamentals point of view, it is still ok to go into wc. Ultimately I believe it should go to at least 60 sen (probably within next twelve months)
according to the quarterly announcement "With unbilled sales of close to RM800 million, the Properties Division is expected to generate satisfactory profits. Construction Division is expected to endure a challenging environment due to shortage of skilled labour and fluctuating material prices. Manufacturing & Trading Division will continue to perform well due to buoyant infrastructure and construction activities arising from the implementation of Economic Transformation Programme (ETP). Performance of Hotel & Leisure Division will continue to maintain stable amid stiff competition."
comparison of operating profit of the various divisions (this Q vs previous Q) :
Property division (RM13.7m vs RM11.5m),
construction division (RM3.4m vs -RM3.6m),
cable division (RM7.6m vs RM4.9m),
building material (RM2m vs RM1.2m),
hospitality (RM5.2m vs RM3.7m),
investment holding (RM4.1m vs RM3.2m)
it seemed that all divisions recorded improvement. That is why overall profit shot up by so much. No wonder major shareholders are buying like crazy from the market.
and the best thing is that property division has yet to materially contribute to earnings growth. this division has huge potential going forward as the earnings will start trickling in the next few quarters.
Another fantastic thing about this stock is that NOBODY covers it. With such good result, it is a matter of time before analysts start covering it. That is when the money will start flowing in and share price keep on going up.
I have seen it happened for IJM Land, Engtex, DKSH, MKH, etc
Everybody sit tight !!!! It is going to take off in the next few weeks !!!!
It is too late...When analyst started to write about tis counter, it is oledi too expensive...Come Tan Sri Ong pls take tis co private at 2.00...Pjdev has come a long way fm being an undervalued gem neglected by investors...It will shine from now on!!!
Posted by matrixcool > Nov 20, 2013 10:32 AM | Report Abuse
PJDev— Very Bullish it is at stage 2 of the cycle. Latest new high was set 2 days ago at $1.27 and started its consolidation. Expect to trades between $1.20 to $1.27.Stronger support at $1.17 level.If $1.27 is taken out it is expected to try $1.35 level.Be concern if break below $1.16.
tis counter if keep long term i can quarantee you at least 2.50 in 2 yrs time...It has turned into a growth stock...It could climb ahead of its NTA due to its growth prospect...800 of unbilled property sales will sustain a steady income base for few yrs to come...If combine 2gether with its hotel leisure, cable and construction business even stronger net profit...Tis is awesome...Even at 1.30 is still very cheap...
totally agree with you, bullmania! Long term I have great confidence will be more than RM2! Tkg8, new hotel development in Genting? I didnt know, sounds interesting!
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Icon8888
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Posted by Icon8888 > 2013-11-18 12:33 | Report Abuse
This counter is slowly gaining recognition. I have a feeling 2014 will be the year I exit. I went into the WC in 2011 at 31 sen. Will probably sell if it hits 60