I went to their Kajang 2 lunching event for their new terrace houses last week. Less people was enquiring the houses, but long queue for their food and games.
Unbilled sales means Sales not yet billed.... meaning the outstanding order book lah.... not property not sold,,, property not sold is inventory or under development...
Share base increased by 30% after bonus and rights issue... plus the warrant converted shares... so total amount of dividend payout may be the came as the previous years...
1.50 first.. then only buy. haha.. increased unbilled sales. debt reduce..give it another 1-2 quarter see see. dividend stil quite low around 2.7% at current price. keep first. sell later . haha
If look at the property revenue and unbilled sales, the property actual sales is more than 400mil. for plantation, if excluded forex loss and written off , the profit will be 6.5mil
Avoid for the time being, both major business is @ downtrend, Property & Palm oil. if buy now have to keep very long time & must have deep pocket to average down.
But look at the announcement that Tan Sri just bought 100000 shares. Since management collects the share when downtrend, shows got confident will increase. Buy buy buy.
haha ...gogogogo , kill weak warrant holder that cant or dont want subcribed , then only push it up , shrewd n small gas lal the major share holder , expected la , china man co :)
property unbilled sales stood at rm926.5mil, look forward to recognised in coming quarter result. plantation usd loan has been reduced from usd 80mil to usd52.7mil, impact from weak rupiah will be mitigated too.
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....
K.H
295 posts
Posted by K.H > 2017-11-28 17:32 | Report Abuse
Financial year end net profit 127.504 million (decreased 40.47%)
Unbilled sales value of RM926.5 million
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5618745