Valuations: Malton has a compelling re-rating angle. Its strategic landbank, potential upside in its asset value as well as its value-unlocking efforts via land disposals and property developments suggest that there is deep value in the company. Unlike the volatility in the past, Malton’s earnings should enter a new phase of growth from FY15, with the Bukit Jalil City project being the key catalyst. Based on a 40% discount to RNAV, the stock could be valued at MYR1.81. Note that the potential gain arising from the office space in PBD could add 13 sen to our RNAV/share estimate, although this is excluded from our valuations for now. At the current price, the stock is trading at undemanding 6.8x CY15 P/E and 0.66x P/BV (NTA/share of MYR1.56), while other small cap developers under our coverage are already trading at 8-9x PE.
Announcement Type: Listing Circular Company Name MALTON BERHAD Stock Name MALTON Date Announced 29 Oct 2014 Category Listing Circular Reference No RN-141029-41415
LISTING'S CIRCULAR NO. L/Q : 71766 OF 2014
First and Final Single-tier Dividend of 3% for every ordinary share of RM1.00 each in respect of the year ended 30 June 2014.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ] as from : [ 29 December 2014 ]
2) The last date of lodgement : [ 31 December 2014 ]
Lionind nta is rm 5 above, and its asset hasnt been revalued at least 10 years, now share price only 0.5, then why not choosing it ? If judge from view of nta play ?
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....
moneycashrich
2,101 posts
Posted by moneycashrich > 2014-10-23 13:26 | Report Abuse
any dividend, news report from anybody please share u info to all these diehard supporters.