Dec 8 2011, 02:50 PM
QUOTE(sjz @ Dec 8 2011, 02:47 PM)
"According to Bharat Joshi, assistant investment manager at Aberdeen, as the group’s biggest value lies in its huge cash pile, Oriental’s assets are also undervalued.
He said some of these assets have not been revalued since the 1970s. "
Seems like Aberdeen is thinking the same way as i think...
before the surge of price, total market cap is just around RM2.4 billion...
even lesser than the total cash & bank balances and a little premium over net cash..
did not even include their land banks and assets.
The analysts have been mentioning about undervalued assets in Oriental for eons........He said some of these assets have not been revalued since the 1970s. "
Seems like Aberdeen is thinking the same way as i think...
before the surge of price, total market cap is just around RM2.4 billion...
even lesser than the total cash & bank balances and a little premium over net cash..
did not even include their land banks and assets.
last i remembered was since the 90s.....still the same. Those days, they had the Honda franchaise.
So Joshi is not the first...........
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