ANOTHER UNDERVALUED STOCK READY TO MOVE Dutaland owed 12000 ha plantation Land worth 840m (12000xrm70000 per ha), Abandant Duta Grand Hotel totalling build up to 29th floor (surpose to build 52 storey height) worth 350 m situated In Jalan Tun Ismail and Jalan Ampang KL Town, holding of 52% of 73 acres prime Land In montkiara worth 345m( 73 x rm9.1m/acre x 52%) value at 9.1m/acre consider very prudence as recent transacted price of jalan Ampang current RM 3000/ft. And a Few piece Land In Kl centre, shan alam, Melaka centre etc etc worth 200m and further more with only 80m debt, NTA=1.97. (840m+345m+350m +200m-80m debt)/840m share. besides this, year production of 125,000 ton of FFB Now trade at RM 540/ton.
Dutaland coming quarter result around 5m profit. The turnaround result come from the completion of 38 Shop Houses In Seremban by wholely subsidiary and quarter production of 25000 ton FFB. The FFB price currently trade at 540/ton campare to last quarter 400/ton. Further reduced some interest due to sold out Olympia Plaza. Good rating By analyst can be foresee.
12 Feb 2014 UNCONDITIONAL TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD AND ASTRAMINA ADVISORY SDN BHD (“JOINT ADVISERS”) ON BEHALF OF TER EQUITY SDN BHD (“OFFEROR”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN MALAYSIA AICA BERHAD (“MAICA”) NOT ALREADY OWNED BY THE OFFEROR AND PERSONS ACTING IN CONCERT WITH IT (“OFFER SHARES”) FOR A CASH CONSIDERATION OF RM0.85 PER OFFER SHARE (“OFFER”)
We refer to the Company's announcements dated 22 January 2014 and 23 January 2014 in relation to the Offer. The Board of Directors of MAICA wishes to announce that the Company has on 12 February 2014 received the attached Press Release from RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd informing that the Offer Document dated 12 February 2014 which sets out the details, terms and conditions of the Offer, together with the Form of Acceptance and Transfer relating to the Offer, have been posted to the shareholders of MAICA or their designated agents today.
The Offer is open for acceptance until 5.00 p.m. (Malaysian time) on 5 March 2014, being the first closing date for the Offer, unless revised or extended in accordance with the provisions of the Malaysian Code on Take-Overs and Mergers, 2010.
This announcement is dated 12 February 2014.
Dear friends, please advise. What is the next move? Will the MGO be aborted and the share come down?
The start of a major shareholder-value-enhancing journey... MAica is well poised to join the mid-league property developers following the acquisition of two small developments in 2013 which saw the emergence of a new controlling shareholder, Datuk Ter Leong Yap who holds 50.11%. We foresee MAica eventually raising its development GDV by manifold by acquiring Ter’s remaining valuable landbank from his flagship Sunsuria Group that is serving current sweet spots (midpriced residential and commercial/industrial) in property development. …led by an experienced hand. Ter is in the property development business for over 20 years, serving the mid-priced residential segment in the Klang Valley. It has been well-publicised that Sunsuria’s existing landbank in Selangor and Iskandar stands in excess of 400 acres with the potential to generate GDVs of >RM11b. These include a 300-acre township development in Salak Tinggi, adjacent to the upcoming Xiamen University Malaysia Campus as well as an 82-acre plot of land in Medini, Iskandar Malaysia. We foresee opportunity for MAica to significantly create value, via securing substantial stake in the prized landbank, thus allowing shareholders to enjoy the upside in development profits. A ballpark calculation of Sunsuria’s RNAV is in excess of RM944m vs current land value of RM224m, which implies a potential value enhancement of RM720m. Initiate coverage with a BUY and target price of RM1.98, based on a 40% discount to our SOTP valuation of RM3.30/share. Our valuation assumes MAica acquires 50% of Sunsuria’s key existing landbank at market prices, with each incremental 10% stake increase in Sunsuria potentially lifting MAica’s FY15F net profit and RNAV by RM4.6m (2.9 sen/share) and RM72m (45 sen/share) respectively. Our target price also implies a hypothetical 6.3x FY15F PE. However, we foresee a potentially significant cash call should MAica decide to go on a landbanking exercise.
tewnama, thats why i curious why they suggest sell. My question is, if takeover price is 0.85, are current shareholder will accept? since price now is close 1.60
tak apa bro. kalau u sudah beli rendah, u sudah selamat. simpan aje sehingga dia jatuh. kalau jatuh, kurang untung aje. tapi kalau naik lagi, lagi banyak untung. Sekarang 1.66.
EcoWorld 2 in the making ..... If you miss the earlier EcoWorld rally! don't miss this one? They also have plenty of good land bank. Else, you will be sorry like when how you missed EcoWorld.
Tewnama, if movement remains intact, I will go in again. I believe it will not be smooth sailing all the way .... There will sure be some wave now and then ..... So better to cash out some and see at the sideline for more positive signal. There is always money to be made .... Cannot afford to deplete my funds or get stuck with a share for too long
"While the current share price had been sidelining at RM 0.20 for 2 months, volume had been consolidating with the price as awaiting for a next up leg in the share price that is to be looked out for in the coming days that will see AHB volume resume and possibly revisit RM 0.23 and break forward to move up.
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....
tewnama
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Posted by tewnama > 2014-02-12 14:43 | Report Abuse
u ada beli?