2 days ago Gadang Holdings Bhd reported acquired 2.66 acres of land in Damansara Perdana for 56 million from Nusvista Development Bhd...assuming 1 acre= 21 million, then Mkland's 230 acres of undeveloped land in Damansara Perdana alone is worth at least 4.6 billion...So total up its others landmark in Perak, kedah and setiawangsa KL would have come to a whopping more than 5 billion net worth of landbank...tis should throttle its RNAV to at least 3.50 per share...At 0.315 it is trading at chicken feet of its RNAV of 3.50...It is like you only pay 0.10 to acquire land tat is worth 1.00 which is more than 90% discount...Never ever underestimate the value of land! Especially prime landbank opposite Empire City...I believe Damansara Perdana land should worth 1000 psf in 5 yrs time from now due to the robust and rapid growth of Empire City and the spill over effect Of the completed MRT facility...At 1000 psf in the future, Mkland RNAV should ve risen to at least 6.00 per share...At 0.315, it is dirt dirt cheap n undervalued at rock bottom level even though Mkland isn't so profitable...By selling land alone, Mkland will be very prosperous hence creating tremendous hidden values to shareholders who dare to buy at current rock bottom level....
Pls take note my calculation will override PublicInvest Research which is outdated and inaccurate...Their research is based on 200 psf for 170 acres of Damansara Perdana land which come to RNAV of 1.56...However, Latest report from CEO of Mkland reported Mk still has 230 acres of undeveloped DP landbank which is worth 500-600 psf by now...So pls don follow their inaccurate research!!!...If we apply 70% discount to its RNAV of 3.50 due to its weak earnings result, you still come to a fair value and TP price of 1.05 for Mkland at current property recession...Tis is due to their massive undervalued landbank n assets which provide a big upside to its fair value...
At 0.315 it is trading at a huge discount to its fair value of 1.00 which generates a lot of upside and values...I m deeply amazed! Totally unbelievable!
nickyeo55 HAHA Nemesis i notice that when the price stay low u curse the counter . when it started to show sign that this counter can move u want it to stay at low price. I think this counter make u mentally disturbed. HAHA. Nemesis u r very great , after u bought the counter u want to see the price keep low forever.. KKtom for a short term player buy below 29 cents n sell at 32 cents can be consider good profit already. The question is how much do u hold only. Happy trading day for all of u . Bye from now on.
Only if someone to take up the 10ks lot hahahaha.and somemore!
PublicInvest Research - 13 Feb 2017 MK Land (Outperform, TP: RM0.50): Eyes 500 affordable houses in Ipoh. Property developer MK Land Holdings (MK Land) will build 500 affordable housing units in Klebang and Meru here this year, its group CEO K. Mohanachandran said. He said the single-storey affordable houses would fetch below RM300,000 per unit. “However, this will depend on how fast we can get the approval for the projects. If the approval process is fast, there will be no ‘holding cost’ that will escalate the home prices,” he said. (StarBiz)
I m very confident with Mkland's new CEO to restructure Mkland and kickstart the massive 3000 acres Lembah Beria project...Now the next catalyst is they could bring in reputable foreign investors to joint develop the project...Mr Lau should resign long time ago as he is a property player like Mr Mohanachandran...
Hey u guys pls Don listen to all the nonsense written by Public Invest...haha I can write better than tat lar...All their info n data about Mkland are incorrect...It is all rubbish...U know why they downgrade the stock??? It is bcos they wanna accumulate it at cheap price from you...Pls Don be deceived by their rubbish research....If they ask u to Sell or downgrade, tat is the time u should buy...always go opposite against the tide ok...
So what if their Quartely earnings are weak currently...They still 've massive landbank tat worths billions...Don tell me after you bought a house and the prices of property go down, u straight away rush out to sell ur house...Do you? Always look at the underlying hidden assets value before anything else...
After u sold to the operator at cheap price, then Public Invest will change their research fm Sell to BUY and upgrade the stock together with some optimistic announcement to lift up the price again...Can't you see their strategy? They are always the predator hunting down the uneducated investors...My sincere advice is just hold on tight to Mkland as they will launch huge project in Lembah Beriah gradually...3000 acres of mixed development affordable housing project...
nemesis , dun always ask down. we all want limit up, many is buy at high prices , you always want down that will hurt them one , dun be so selfish . must hope all the best limit up.
nemesis you should think about Golden , he mention he bot at 0.345, so as a friend we should hope limit up. I average is 031 so I not much hurt is ok for me if down \but we must jaga those bot at highest investors also. if down they will hurt and maybe sleepless at night.
No more show due to weak performance. Keep this counter also useless as this company has no more potential for development. You can see its constant revenue. Better invest in other counters that can bring you handsome profits.
I 've a gut feeling starting tomorrow it will stage a comeback after been sluggish for a long time...0.305 is just too cheap for asset rich company like Mkland...It is time to buy before it is too late...
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....
ivan9511
3,854 posts
Posted by ivan9511 > 2017-02-09 15:02 | Report Abuse
neme want lower but goldentriangle want limit up
so you two are same gang or what ?
one want fly one want down