guys, wait for t3/t4, which is today and tomorrow to collect cheap! another leg up soon, RNAV 6.60, jesselton project will be approved in few weeks time
On the current date Sbc Position is Long - Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium - Low and "Liquidity Risk" is Medium - High. In the Medium Term, Possible exaustion of the bull cycle. The stock is still moving upwards but Its strenght is decreasing. In the Long Term, Bullish phase is advancing, a short term positive price move is expected.
Maintain Trading Buy with a higher TP of RM3.24 (previously, RM2.35) based on 50% discount to its RNAV of RM6.48 which is inline with our small to mid cap property players. The main reason for the sharp TP increase is because we are using DCF-future profits methology instead of basing valuation on landbanks at market value and we have also included the Batang Kali JV project. Currently, its only trading at an undemanding PER of 6.5x to its CY15 earnings, at a discount of 33.6% to FBMSC’s 9.8x CY15E PER.
guys, what are you waiting? a 50% discount is 3.24 man
This under-researched small-cap property company is trading at only 5.6x CY15 P/E and a massive 72% discount to its RM6.60 RNAV/share. The discount should narrow as more investors wake up to the potential of its projects in the Klang Valley and Kota Kinabalu, Sabah. Apart from this, SBC's share price could be catalysed by the start of the Jesselton Quay JV project. We begin coverage with an Add rating. Our target price is RM3.96 as we apply a 40% discount to its RNAV, in line with the discount for other small-cap property stocks.
Apart from this, SBC's share price could be catalysed by the start of the Jesselton Quay JV project. We begin coverage with an Add rating. Our target price is RM3.96 as we apply a 40% discount to its RNAV, in line with the discount for other small-cap property stocks.
calvintaneng. Do you have any personal blog focusing on stock ? I would like to refer to it. I just enter into stock market this year and i saw a lots of your comment which is very useful :). Hope can get more tips from you on how to play and analyze the stock. Anyway, the book that you introduce i can get it at any book store ? Thanks in advanced. :)
zcling , you just type Ooi Teik Bee then you can find his postings and blog . Think he is a nice guy . You look at Asiapac forum , Pjdwc forum you can see a lot of his postings .
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....
colin888
333 posts
Posted by colin888 > 2014-04-08 17:33 | Report Abuse
wow. free trip to Holland?