Eg share price worth RM1.20, which currently is still undervalue. A simple calculation base on the 150mil new project received, with 20% , that makes ~3 sen of eps per quarter. Annualized it, it will be 12 sens. Not to mention existing other projects running in production and possible new project received.
Agreed, as the CEO mentioned, the box build has higher margin, about 20%. No wonder some big shark is quietly accumulating the share and never said he got this stock in other thread.
yes, this stock will defitely up surpass RM1.40. ( 150 mil project x 20% profit margin ) / 211 mil shares = 14sen earning for FY2016.
At PR 10, the share price should be RM1.40 , and this do not count in more projects coming in and existing production volume. As I get to know, there are more NPI products in progress and possible to get more projects in near future. As such, the share price should easily break RM2.00 by next year.
By the way, I do owe some shares in EG, and I do not need you to buy to push up the price.....hahaha...buy at your own risk
Hi ! Mi898 p.p. is likely somewhere on 1qtr oh 2016. I may collect the Rolex ranging from $0.525 - $0.610 , take yo u r time ; it's not going anywhere at this juncture. Hehe
he Board of Directors of EG ("Board") wishes to announce that on 9 December 2015,
EG had entered into a conditional sale and purchase agreement (“SPA 1”) with SKM to dispose the unexpired leases of the vacant land held under H.S.(D) 3766, 3767, 3769, 3774, PT Nos. 5334, 5335, 5337 and 5342, Bandar Kuala Ketil, Daerah Baling, Negeri Kedah for a cash consideration of RM2,700,000.00 (excluding GST) (“SPA 1”) (“Disposal Consideration 1”) (“Land Disposal 1”); and SMTT had entered into a conditional sale and purchase agreement (“SPA 2”) with SKM to dispose the unexpired leases of the land held under H.S.(D) 3768, 3775, PT Nos. 5336 and 5343, Bandar Kuala Ketil, Daerah Baling, Negeri Kedah for a cash consideration of RM5,800,000.00 (excluding GST) (“SPA 2”) (“Disposal Consideration 2”) (“Land Disposal 2”); (SPA 1 and SPA 2 are collectively referred to as the “SPAs”)
(Disposal Consideration 1 and Disposal Consideration 2 are collectively referred to as the “Disposal Considerations”)
(Land Disposal 1 and Land Disposal 2 are collectively referred to as the “Land Disposals”)
As disclosed in Item 5.0 above, the Land Disposals is expected to realize an estimated gain of RM1.6 million, which translates into a gain of approximately RM0.77 sen per share (based on issued and paid-up share capital of 211,274,992 ordinary shares of RM0.50 each, excluding 289,000 treasury shares held as at 9 December 2015) for the financial year ended 30 June 2016 upon completion of Land Disposals.
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....
wayne 456
29 posts
Posted by wayne 456 > 2015-12-07 17:26 | Report Abuse
add another 200 lot @ 0.815 after qtr result, and it's almost 20% gain now, thx for the sell-off on 30 Nov!