Good show today... Exit too early. Slight regret after holding for 1week. TP seem to be revised to... Let see whether it can hit RM 1.1 this week or not
Net pro forma income : RM 115 M Number of share : 514 M
If they distribute 30% as dividend, each share is expect to receive 6.7 cent which is equivalent to more than 7% dividend yield as per today's closing price.
Besides, the disposal also increased the EPS and will have one-time significant impact on Q3 2020 result as the announcement mentioned it is expected to complete by Q3.
Moreover, part of the income will also be used to pay debt and borrowing, good for their balance sheet and reduce the debt burden, also allow them to take up more big project once the economy recover.
All these have not include the potential catalyst by the upcoming Sarawak state election and also Naim's relationship with the Sarawak state government. Apparently they are selling at about 15% discounted price of the property market value to SEDC.
RM 0.945 is such a good buy, bought my first naim today during closing, will slowly average down next week if it goes lower.
USA 70k be normal jo They many reject use mask Now is waiting Sarawak gov give out project Abang jor say will do factory can crest 74kcjob Should be big project Naim most value thing is land Still got 2000aces at Miri Even no count dayang perdana value After sell that land 350m Naim can say is cash cow company jo Now waiting dividend and election coming soon next year before sep
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....
Mikecyc
46,663 posts
Posted by Mikecyc > 2020-06-30 10:47 |
Post removed.Why?