the Loh BIG family has already controlled more than 50% of the company, despite EPF and Aberdeen's more than 20% ownership, there isn't much we can do, sigh...
Foreign fund from Aberdeen Asset management Asia accumulated this counter in the open market recently and this counter is severely under valued.It should worth more than RM10 and above
Third quarter profit jumped up to RM117.393 million,compared previous year RM22.13 million and profit accumulated to RM264.477 million,compared last year RM122.944 million only.Company hold RM2.74 billion cash,reserves RM588 million together with retained earnings RM3.6 billion as at 30 Sept 2014
Aberdeen Asset management Asia Limited keeps on accumulated Orient shares in the open market and it means that there must be some good news to announce,either the management will propose for bonus issue or special dividend soon
Aberdeen is accumulating Oriental Holdings because the business is well managed and has a very strong balance sheet. Aberdeen is buying a business for RM7/share that is worth RM25/share. It may not be an exciting investment but Aberdeen has a superb track record in long term investment.
Oriental got plenty of lands in Penang acquired few decades ago. They sit on the piggy bank worth more than 2 billion. The management team did not capitalised the golden opportunity of property boom in the past few years. What a pity. It seemed that MUFG was really not happy with the ancient mentality of the management. They have been reducing its stake gradually without a sign of stopping.
They have good resources that the Management did not capitalize on the opportunities 2 years ago. Let's hope they wake up and give loyal shareholders what they deserve.
Orient got so much cash in its piggy banks. Nothing has been done even though the new generation taken over to helm the company. Young management with an old man mentality?.
Gap down you should buy more. Assuming the dividend is 20 sen per year. That would be good if it drop until RM4. They have plenty of cash, good times or bad times they can still manage to distribute cash
This is good company but share price is a bit disappointed. 2016Q4 result shown net cash( short term investment + cash - all loan) is RM3.30/share..... today share price is RM6.60.....
The construction is for the Granito@Permai affordable housing project at Jalan Lembah Permai, the Malay Mail Online reported. The development consists of a 49-storey building with two towers and 12 levels of car parks. Property Guru website listed Granito @ Permai as the latest development by BSG Property, the property development arm of Boon Siew Group. http://www.straitstimes.com/asia/se-asia/up-to-20-people-feared-dead-i...
Now, i can think of things i would do if i was in loh kian chong shoes that is good for the company and the shareholders, long or short term wise.
Id talk to aberdeen about buying their entire holdings are prevailing market price through open market.
Then i would sell or develop the land, not all at once, but at an increasing but sustainable pace.
Then the palm oil, i will talk to united plantations, the best plantation company in the world, for some kind of JV, letting them manage their plantation, with the financial backing of oriental.
Having said that, kian chong is competent and conservative. Depending on who you are, his conservative-ness may be a pro or a con. Im fine with it. I know my money safe, down sides very little, upsides, well if he aggressive abit, upside sure alot d. I can wait.
Ya, Honda SG old stocks cleared dy, new production fully complied with Euro Emmission standard.
Honda Malaysia for sure is doing good with the newly open Johor 4S centre. Honda has taken over Toyota for the first seat in the non-national car segment for a long time.
So far I dun forsee Toyota has any new model that can compete with Honda, Sienta already sienz liao, lol
Plantation is a no brainer, it will grow itself.
the hospital is also closing the breakeven gap.
SG hotel already refurbished.
Most importantly Japan Yen borrowing is depreciating with the strenthening of Ringgit, thus less debt amount to repay.
So what are u waiting for? forget about Aberdeen.
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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....
kahhoeng
3,950 posts
Posted by kahhoeng > 2014-11-13 19:26 | Report Abuse
the Loh BIG family has already controlled more than 50% of the company, despite EPF and Aberdeen's more than 20% ownership, there isn't much we can do, sigh...