Crest undeveloped land, anyone knows where are these properties located?
GM 1059 Lot No.1863 Mukim Batu, Daerah Kuala Lumpur Freehold 2.93 acres Cultivation Land – 6,200,000 – 2004 No. Hakmilik 0244869, Lot No. 0034701, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan Freehold 7.14 acres Residential Land – 7,547,625 – 2005 No. Hakmilik 0244870, Lot No. 0034702, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan Freehold 2.71 acres Residential Land – 4,046,897 – 2005 No. Hakmilik 0244871, Lot No. 0034703, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan Freehold 3.82 acres Commercial Land – 2,871,611 – 2005 No. Hakmilik 0244872, Lot No. 0034704, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan Freehold 2.02 acres Commercial Land – 2,138,113 – 2005 No. Hakmilik 0243082, Lot No. 0000232, Mukim Petaling, Daerah Petaling, Selangor Darul Ehsan Freehold 1.83 acres Commercial Land – 7,409,705 – 2006
I don't understand why this stock is not moving upwards. The NTA is RM2.35 per share. Just announced a Gross Dividend of 5%. Giving a gross dividend yield of 3.8% with an ex-date of 10th July. Better than putting money in the bank. Got healthy on-going projects and good medium/long term revenue stream coming in. Can someone please enlighten me. Tq.
The Crest and Tierra Crest with occupancy rates of 90% and 85%, Most loans are tied to uniTapah project with cashflow of 45 mills for 20 years. Next year this counter could pay more divi when its first installment of 45 mill is received.
respectively, which management said it would let go at a right price. UniTapah is CRESBLD’s concession asset in which it has a 23-year concession period until 2034, where it will receive RM45m per annum beginning 2014. Although its net gearing of 1.1x unnerves investors, it is noteworthy that most of its borrowings are attached to UniTapah and its investment properties are all self-financing. In fact, ...............
It is not a recommendation to buy, I just want to show the intrinsic value of this stock. This report was done when mother share is 1.31 and warrant share is 0.42.
Cresbld IV Calculation
Total Net Profit Years 10/10
Total Positive Operating Cash flow Years 6/10
Total Dividend Payout Years 10/10
Total Positive free Cash flow Year 3/10 29/40 Growth% 10 Years Average Turn Over 353413 Latest 4 quarters 667461 88.86%
10 Years Average Net Profit 21131 Latest 4 quarters 41534 96.55%
2011 2012 2013 Net Profit 30424 39930 41534 Total equity 267531 315975 321071 ROE 11.37% 12.64% 12.94%
Price CAGR % (Buy and Hold) Average Return History 1.32% 3 yrs Return 22.58%
Method 1 EPS 0.30 g 7.00 Y 7.0 IV= (EPS*(8.5+1.5g)*4.4)/Y 3.59 Current price 1.31 Margin of Safety 63.56% Potential gain 174.41%
Method 2 Discounted Cash Flows Calculator Discount rate 12.00% EPS 0.30 Earning expected to grow (annually) 7.0 for the next (? Years) 3.0 before leveling off to an annual growth 3.00 Calculate Stock Value per share 3.82 Current price 1.31 Margin of Safety 65.71% Potential gain 191.60%
Method 3 ROE 12.94% Rr 8.00% NTA 2.35 IV= ROE/ Rr*NTA 3.80 Current Price 1.31 Margin of Safety 65.54% Potential gain 190.16%
Method 4 (22.5*EPS*Book value per share)^0.5 EPS 0.30 Total equity 321071 Number of shares 138010 (22.5*EPS*Total Equity/share)^0.5 3.97 Current price 1.31 Margin of Safety 67.00% Potential gain 203.00%
Warrant
Cresbld-WB Expiration date 2015 Exercise price 1.00 Price of Mother share 1.31 Intrinsic value of WC 0.31 Actual price of WC 0.42 Premium or Discount 8.40 Gearing 3.12
Conclusion If the price of Cresbld is 3.59, the price of Cresbld-WB should be (3.59 -1.00) = 2.59 If it is trading at 20% premium, the price of Pantech-WA should be (2.59*1.2) = 3.10 Potential gain = (3.10 - 0.42)/0.42*100 = 638%.
excellent quarter report... personally i wouldn't go for blue chips now coz most PE are very high.. unless very terrible crisis.. cresbld is a very good counter for long term.. excellent fundamental... good fundamental stocks is good to collect, and potential return is way better than blue chips...
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....
Kim Yap Lau
455 posts
Posted by Kim Yap Lau > 2013-05-29 08:21 | Report Abuse
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