Thank You ,sklyte, I prefer to leave the land value at 200m. even then the target is 122 to 129, a 21%. technically good for short run ,can turn into Marathon...who knows.
land value since 1996 and 2000, NTA should be worth RM5-6 at least, in Malaysia any lands that do not triple since 15 years ago? good pick sklyte, will monitor this stock, gonna collect if it cross down RM1
you no need to queue up for waiting the price you want because a lot of investor hold with super glue , cant throw it out! the most active way is straight invest the price now ...you wait you will miss out the opportunity later
BUY more now. Very undervalued stock, my analysis projects a fair value of RM1.80. This could be the bull run to realize some of its gains. SO it may go all the way to RM1.30-1.40. Purchase now and hold medium term for profits or long term for full projected fair value.
I think can go all the way to AT LEAST 1.20 in this present bull run which can take just 2 weeks to happen but I may be wrong and it could go more if more people buy. But for sure it is a value stock with damn low P/E so no need to fear. Better chase this than chasing that overvalued OCK.
aiyo relax la u think everyday can up ah. If everyday up I no need to work 13-14 hours a day la zz. Will take at least few weeks to hit 1.20 la just tiam tiam and BE PATIENT zz
If you go for undervalue play, yes there's plenty of room for upside! This counter should be priced at above RM2.00! However, if you want plenty of margin of safety should go in around 85 cents! Property play theme looks pretty exhaust! Unless you have 'gem' play which Eupe don't, then this may be a slow but sure turtle! Plenty of property counters which are undervalue, the question is will the taiko want to fry or not!
What i see in this counter is the value gap awaiting to be realized. It's the matter of time. If big investors willing to buy the company then it will be very ho seh!
Free Malaysia Today: EUPE Corp targets Klang Valley property
14/4/2014
KUALA LUMPUR: Kedah-Based EUPE Corp Bhd is venturing into the property scene in the Klang Valley to increase its profile among investors and boost its potential as a growth stock. In the past three years, EUPE has spent nearly RM100 million to buy three parcels of land in Cheras, Bangsar South and Taman Seputeh for the development of high-rise residential units. “We are moving to Kuala Lumpur as we see a good niche opportunity here. EUPE will bring the value of township development to our projects to ensure continuity, sustainability and community building,” group MD Beh Huck Lee told The Malaysian Reserve recently.
Beh said township development is the group’s forte and regardless of the nature of its operations or land size procured, this inherent characteristic of the group will remain. The group spent RM44 million to purchase a 2.96-acre land in Cheras where it intends to build a serviced apartment block. The project, to be launched by year-end, will consist of a 350-unit high-rise apartment building with a gross development value (GDV) of RM260 million. “We are looking to sell the units to Cheras residents looking for replacement or upgrade properties attracted by the higher security, new infrastructure and proximity to the Sunway Velocity project, which our project will offer,” Beh said. EUPE hopes to commence the project by year-end if all goes to plan.
EUPE also plans to begin work on a 700-unit serviced apartment project on its land in Bangsar South by the end of the year as well. “We are targeting the young professional or yuppie buyers,” said Beh. The group is targeting a GDV of RM460 million here. EUPE spent close to RM40 million to procure the land. The Cheras and Bangsar projects are expected to be completed in three years. Beh is optimistic about the group’s recent land deal in Seputeh as it is strategically located within the Mid Valley development where the IGB Group and SP Setia Bhd have ongoing development and/or projects while the Sungai Besi airport redevelopment is further set to add value. This plot will be developed with money from the completion of the Bangsar and Cheras projects, said Beh.
Commenting on the government’s measures to control housing prices, Beh believes it will not impact the group’s township projects in Kedah as the consumer demand is resilient there in growing townships like Sungai Petani and Kulim.
The group’s project in mainland Penang for the development of Alma in Bukit Mertajam has already begun and will be completed in June this year.
Beh said the growth rate in Penang is fast with the industrialisation plan for Batu Kawan. EUPE is also looking abroad to diversify its property development portfolio. The company has a joint venture in Australia but Beh said the company will move cautiously on opportunities there.
The group aims to continue to develop its hotel and resort business and has plans to build a hotel on one of its plots of land in Kedah. Beh said EUPE does not have any immediate plan at present for the plot.
Highlight: 1. Diversification of business in the resort/recreation/hospitality. 2. Secured landbank in KL with total estimated GDV of 720 million, excluding seputeh. 3.Alma projects completing in June. 4. Price/NTA ~ 0.5 5. Healthy earning in recent years What else?
Eupe have 33 pieces of land and asset building. Many pieces was record as 1996 years valuation only. Do you think how many times was the asset will increase from 1996 until now? In year 2012 & 2013, 2 years only the housing price rise almost 1x. Let's predict the 18 years we only get 1.5x increasing in value only. Eupe NTA should not stood only RM2.08. It's after valuation should be RM5.20. Price/NTA, It's only 0.198 times. Eupe is a undervalued counter!!
This company is adopting growth strategy, that's why they never pay dividend. Retained earning for reinvestment. But the scale of the business is GROWING over time which increases its intrinsic value, which is yet to be realised by the investors. Just wait until the tycoons join this counter...
Guys you may do your own analysis and buy and sell according to your own study and take your own risks trading. As for me, i'm taking a HOLD position for this counter.
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Posted by valuemaster > 2014-04-16 14:45 | Report Abuse
correct or not?sklyte, let me check, this stock had not been covered by icon888 nor any analyst yet, maybe have some meat