Australia housing is in a crisis. Supply lower than demand. Property developers are required to built more properties. Hence, AUS construction will boom which will benefit PGF which has 5% of existing market share.
PGF has a 1,311 size land in Tj Malim beside Proton City. Existing book value is only RM2 -3 per sqft. Based on market value, per sqft is at RM45 currently. This plot of land is woth about 3x of PGF's existing market cap.
You have land which have yet to unlock value. This land value based on latest market price has yet to be revalued and reflected in the balance sheet. Downside is minimum. Upside is huge. Period.
Remember that people like to hear stories of durian (plantation) and sturgeon fish breeding too (aquaculture). Although no material impact to existing P&L. It could be a sexy story in the future.
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....
cbkia4896
936 posts
Posted by cbkia4896 > 2021-04-29 14:49 | Report Abuse
Ok lo I say wrong liao. Paiseh