I FOUND ONE COUNTER CHEAPER IN TERMS OF VALUATION COMPARED TO GOB!
EUPE is currently trading at only 26% of its RNAV, ridiculous cheap! what are you guys waiting for? same like MALTON! but malton is trading at 33% of its RNAV!
Im looking at its half yearly financial and it seems that for the past half yearly results its revenue and profit has been climbing rapidly compare to previous year. Its revenue is 90% ahead of its last half yearly fiscal year and its profit is 128% more as well compare to the same previous fiscal year. If I would project it to a complete full year revenue and profit, its EPS would be trading at approximately 0.19 (81m profit/418m shares). Currently its PE ratio is at 12x and this means that by June'14, the company share would be worth RM 2.28 based on its current financial half yearly projection. Given an 80% target to it would give it a RM1.82 as the new TP and now currently trading at RM 1.03. 76% potential upside gain. Its definitely undervalue with lots of projects on bag. Property counters have been in cooling down for months and now rallying back. P/S Invest at your own risk.
Price closed at 1.02, at the year's high today, meaning no one got stucked or losing money in this stock. So, there is no selling pressure now, tendency is that the big timer can push up the price as much as they wish with no one liquidate their old stock in hand. It means the price will shoot to much higher level in a few waves of surging. Keep and harvest hefty gains later. Good luck.
You see Pavilion, you'll see Malton. Next month Q results out, this counter will fly. TA can miselead you sometimes but FA will not lie. Good fundamental counter with lots of project on hand. Property counter has been quiet for months and GST is around the corner. Property will be boosted up as many consumer would like to own properties before GST take place. Good luck to all. Invest at your own risk.
SBC corp has already gone up so much previously also from RM1, can't be Malton still lag behind right? Lots of ongoing projects as well as upcoming ones like Pavillion 2, plus with Desmond Lim's connection, one could only wonder when its price will match up to RM2.. :D
Malton rnav stand at rm3.60. This year many project launch and start. It can be said a peak performance will be done in this year and next year. And the land located very strategic. Sales will be very good. No worry about that.
Batu kawan land is under pdc. But malton entitled to build there with a leasehold tenure of 99years. Same to all other developers. Indirectly it's count as malton land. Batu kawan land will contribute about 4000million ringgit of gdv for total. Malton is a new gem. Bukit jalil also will contribute 3500million ringgit gdv for malton
My own target price for malton is rm2.88. 20% discount from current rnav. Don't forget land will continue to be appreciate. 2.88 is a very fair value. Tp1 1.50 (1 month) tp2 1.85 (3month)
Year 2014 and 2015 is year of property stocks. GST will push property to higher prices. Coming generation will face difficulty in buying houses. I wanted to buy also property to invest, but not enough money. Penang and KL strategic area propety all in millions. What to do ? So can only afford to buy "property stock" especially which really lag behind compare to its RNAV like Malton and GOB.
Malton and gob terrace only cost below 400k. Still can consider. There will be shopping mall . School. Water themeppark there. University will be build there too.. can rent for student. Let come look n stock. Compare with gob and malton. Definitely from current price malton is better to invest
But the thing that worries me about Malton (for Batu Kawan) is that most of their projects will focus on commercial developments (rather than residential). Do anyone have the mix (%) for the commercial versus residential portion for Malton - Batu Kawan?
Batu kawan land. For gob and malton, the land are just beside. Now 90% are still oil palm estate. Malton got build houses for residential too. But gob will build more than them. We can say that gob is focus on residential and malton focus on commercial. Commercial development are more profitable and higher price. That's why I see on malton not gob. I haven't have even one lot in this counter yet. Just finished my research and will join the party soon.
Yesterday I travel from rawang to batu kawan alone to see all the land nearby. Tambun land is quite far away from second bridge. Malton and gob is just beautiful of the location. Grad to share the info here with all the investor here. Honestly, I will whack this counter tomorrow.
There are evidence show that malton will achieve RM 1 billion revenue in near term after the project started. 2013 revenue 359million. Only the last quarter/ 2nd quarter in 2014 show a revenue of 204million. If we assume that the 204million revenue is doing for 4 quarter. Then a year will be 816million. It's already 100%+ increase. For sure revenue increase 100%+, i believe the profit will make 100%+ too. With the current rolling eps of 14sen. Malton at least able to achieve 28sen on 2014/2015. From current price 1.06, 28sen eps, it's only stand 3.78x PE ratio. It deeply undervalued. If you can hold for 2 years, 150% profit is not a problem.
i thought alot of people say GOB is the next Tambun? alot of people who missed out on Tambun is loading like crazy on GOB. But will NOT chase GOB. The share price is too high - currently over bought.
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....
koi koh
2,499 posts
Posted by koi koh > 2014-04-16 13:58 | Report Abuse
Mr bonescythe, you are good 100%