Typical things with company acquire or use cash to buy something their price will go lower, by time the operation at the bought on said asset/item/land happen to occur new income. The price should go higher. Close example is MI Techinnovation.
Expect new land acquisitions to come soon. AME has 135 acres left at i-TechValley, and its remaining land at other i-Parks in Johor is also depleting. Management hinted that some negotiations are ongoing, and we expect new land acquisitions to be announced in the coming quarters. This should be a strong share price catalyst – especially when investment interest in Johor is strong, and the upcoming Johor-Singapore special economic zone should continue to drive investments from Singapore over the longer term.
Property specialist AME Elite Consortium Bhd should see earnings growth in financial year 2025 (FY25) and FY26, driven by bookings conversions, asset monetisation and the debut of its new industrial park in Penang and land bank in Johor, says RHB Research.
AME Reit QR showed good result today....therefore next month AME QR will be super good. As we know, Johor property price fly to the sky...can u imaging after revaluation....+ high demand of industrial poperty,,,then share price will up up up too
Land sale – a normal course of business. The transaction marks AME’s first deal in the data centre segment. The sale of 34.91 acres of freehold industrial land in AME’s i-TechValley to Digital Hypersapce Malaysia (DHM) is for a total consideration of MYR209.84m. This translates to MYR138 psf, considered a record high as the disposal is on a “as is where is” basis (vs an ASP of MYR85-90 psf to a manufacturer). Recall, Crescendo Corp (CCDO MK, NR) sold some parcels of land in Nusa Cemerlang Industrial Park to data centre users/operators at MYR120-125 psf in November last year. .... and price in doldrums !!! maybe floating shares are minimum mostly held by major shareholder?
Ugly. prev closing 1.78, gap up 1.92 close 1.74 day low...probably sellers took the opportunity pounce on the gap up and sell sell sell...happy sellers sad chasers...
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awesome20
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Posted by awesome20 > 2022-04-05 19:30 | Report Abuse
ame to come