Based on my calculation , the fair value of e&o in year 2023 will be 0.80, today closing 0.415, think about that......... --------- unquote --------- today closing 0.715 !!! ---------- unquote --- today closing 0.895 !!
sometimes, when there is a market correction, it is an opportunity to accumulate. The price is a bargain. I am referring to good quality counters only ya..
Compared to Johor which have abundant land and many unsold unit, Penang is more vibrant city, high value landbank especially exclusive seafront reclaim island land man made by E&O.
there is no doubt Johor will be more attractive compare to Penang IN FUTURE. just refer to Hong Kong and Shenzhen. furthermore it only rely on who manage the development of Johor. foresee Johor, Penang, Klang Valley will be the top 3 selection for property buyers. PROVIDED Malaysia's politic stability and the positive result of economy transformation!
Forest city, R & F and danga bay are the top 3 mega project market as next shenzhen, but, it prove fail due to supply far exceed demand. Many target johorean working in SING, but it is estimate only 300k population vs. abundant supply unit available and in coming 60k new unit to surround RTS
There is no more big vacant land available in penang island to develop into township. Reclaim land is only answer, but such reclaim land come at billion cost.
Eastern have now completed first man made island at cost RM 1.12billion and next is second island to be completed by 2028 at cost RM 1.9 billion.
no doubt Penang has its strengths. my simple thought is Singapore had took over Hong Kong as ASIA top financial centre recently and is attracting funds, forbes companies, talents into its market (refer to the history of HK) near future i believe it will bring positive impact to Malaysia market especially Johor state PROVIDED Malaysia is political stable, provide attractive business environment, tax incentive, talent/skilled competitive, productive population....
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....
jinchan
47 posts
Posted by jinchan > 2024-01-16 12:59 | Report Abuse
yest up 20%, today only down 3% then sudden many kao pek kao bu 🤣