Go Baby Go ...no worries Nemesis..i am a firm believer of Mustapha Kamal and his family...My prayer is always with them..Insya-Allah..Go Khalif Go..my prayer is always with all of u...Ameen..The rest let Allah SWT decide...
Pls take note tat from the latest publicInvest report it stated tat its current landbank value in Damansara Perdana is worth more than 300 psf instead of 200 psf 2-3 years ago....It also means tat its latest n current RNAV is more than 2.00 per share...At 0.420 it is still trading at dirt cheap discount to its RNAV of more than 2.00 per share...If investors are still ignorant about its deep undervaluation, it is good for them to slap themselve twice just to wake up to reality that Mkland is such stock that could outperform in the long run...Empire Mammoth has turned Damansara Perdana into a goldmine...Plsssss wake up all of you who are still ignorant or unaware or dilly dally...Pllssss Wake up...Soon no more cheap sale...In fact Clearance sales has already ended one month ago...Wake up!
Volume is heating upppPPPP...From today onward it will fire up to above 0.50 right to the AGM meeting...Just hope that the share buyback exercise is confirmed tis time and they really execute it...If the company acquire more of its shares in the open market it could also means that it has plans to take it PRIVATE since Damansara Perdana landbank is so valuable right now...BUY BUY BUY
MK Land - Launching Suasana @ Damansara Damai MK Land is finally looking to unveil a condominium project in Damansara Damai, the Group’s latest and first since 2009 (One Damansara, launched in Jan 2009). The project is said to have RM400mn in GDV, sitting on a 6.56 acres of land located in Damansara Damai. Prices start at RM450k for a 1,015sqft unit. Soft launch is expected in coming weeks. The next launch in the pipeline is the 17-acre development (3 phases, c.RM500m GDV) in Damansara Perdana, but the timing is uncertain at this juncture.
@*New projects. As expected, unbilled sales has decreased further to c.RM200m currently (from RM300m last year) due to lack of new launches and difficult trading environment. While positive on the Group’s new launch, the timing is relatively bad, given the current soft demand. We understand that it is considering selling its properties en-bloc to minimize selling risks albeit at potentially lower margins. Meanwhile, sales for current projects especially from semi- detached ‘The Rafflesia’ is still very slow. We understand that the Group is considering changing the mix into more marketable products such as landed link-houses. Separately, its long delayed project “Armanee Terrace” is targeted to be completed by end-2015. All in, the group has a combined RM1bn worth of inventories and new projects for sale currently. @**Land value. The latest land sale was completed in FY15 and we understand that it is looking to sell more. As reported in our earlier report, MK Land has plans to sell its Setiawangsa land valued at c.RM96m or RM40psf. MK Land believes that the market value is higher now at RM70psf or RM168m for the 55 acres land. Additionally, it also believes that its landbank in Damansara Perdana is worth more than RM300 psf now. In our RNAV estimates, we estimate the land in Setiawangsa at RM40psf and residential land in Damansara Perdana at RM200psf. @***Maintain Outperform and TP of RM0.80 or 50% discount to our RNAV estimate. Selling properties is admittedly challenging in the current environment. That said, we still believe in the value of the Group’s landbank especially in Damansara Perdana of which other developers such as Mammoth Empire are seeing much potential as evident by its aggressive landbanking over there. All told, we believe that unless there’s land sale, the Group might see its earnings to be under pressure in the near term. Hence, we adjust our FY16F/17F net earnings by -16%/-2% respectively to account for near-term earning weakness.
another 1 sen rise...It makes no surprise that the value of damansara perdana landbank has gone up above 300 psf as the Empire City has improved the infrastructure and amenities and adding sparkling atmosphere to the vicinity around tat area and soon it will spillover to damansara damai as well...Hence Mkland's total revise land value will spark up tremendously and soon a re-rating of this stock due to its undervaluation...I believe its RNAV is around 2.30-2.40 now....
nemesis like what u said lock it inside the safe for few years . Anyway i believe by end of 2017 u will get what u want . who know super bull run . HAPPY trading for other counter but keep tight for MKLAND. BYE
I 've checked Tadmax I don see it attractive...timber logging business carries a lot of impairment loss...its balance sheet not strong enough also in net debt position...some more no dividend paid...anyway I prefer something safe like mkland which I can extract n squeeze value from its landbank in the long run...Landbank carries no impairment, ONLY revise upward value as land value will always go up over time...
hi apanama...may i know is there such announcement they approved 48 mil for share buyback? I just can't find the news...Did they announced it? Pls clarify TQ
i think u made the right decision kahfai i am sure monday will sure continue fire up to above 0.50 if tis buying is done by management...If it is just goreng activity by syndicates then it is 50/50 as the price already gone up so much....good luck
Kahfai211... Mkland just turned on their engine..the journey is not even started yet. Hopefully we all will be handsomely rewarded. Its just a matter of time
Thank you very much nemesis for never giving up to give us your thoughts and info about mkland. I never miss to read what u wrote here and its so helpful to me. Thanks
If tis time it is really their intention to push up the share price to the reflect its real fundamental value then the price wll never come down again...it will skyrocket all the way to 0.60 in a short while...OR it is just another goreng activity which I DON THINK SO...I guess starting from next Monday the price will fire even more furiously...U will never see Mkland at 0.50 again!!! It is at least 0.70 share...Let's relax and watch the spectacular performance of Mkland on Monday...
Morale of the story is n lesson learnt..i have to check only BURSAMALAYSIA announcement n x trust the HEADLINES..im pretty damn sure im x rabun..i saw the link here..
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Posted by nemesis > 2015-11-03 09:54 | Report Abuse
Wowww...volume is building up...it is advancing quietly...0.42 is comingggg