We project a multi-fold rise in net profit as Yong Tai’s business focus switches to property development. This would be underpinned by the Impression City project, which would see a potential total GDV rise to MYR6.1bn from MYR164m currently. This ought to keep the group busy for the next 8-10 years. Impression Melaka offers a further upside to both earnings and valuations. We estimate a valuation range of MYR1.03-1.18.
wow! yongtai is definitely one of the watched stocks now.
and if you guys notice, it's also one of the rhb small cap crown jewels stocks. especially recently with the hk-listed company-sino-haijing coming into picture to invest rm280 mil in yongtai for their impressions melaka project, i'm very much impressed with the whole idea of it!
for sino-haijing current market cap of HKD 454.72mil which is almost equivalent to their investment of RM280mil into yongtai, if it's not something that they are having fairly high confidence of success, why not they just invest in their own HK listed company instead? *if that makes sense.
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....
zulmuiz
1,313 posts
Posted by zulmuiz > 2016-04-16 23:46 | Report Abuse
Good luck all investors next week hope no more stress with more happy ending story.