Is that the good reason for the CEO to get a good pay rise

Well done, and congratulation.

Nice call.

Make or lose one car in one day

Maybe Genting Casino has better chance

Wow yr Cypark goes to the moon.

I think it is a quite safe stock to buy even CI slumps.

This post has been edited by SKY 1809: Apr 4 2013, 11:07 AM

Well, whether market goes down or up.

Many traders claim to make lot of money one.

Ya lah, if u buy a stock with a PE of 3x ( non red stocks ), how much can it goes down ?

Get prepared to average down just in case if does sinks to PE of 1x ( worst comes to worst )


My thought only.

This post has been edited by SKY 1809: Apr 4 2013, 11:19 AM

If u use some Android software to scan through, u may get some surprise here and there.

Of course, all data are in raw forms , needed to be certified by yourself.

Got Favco

BUT if future profit double , or triple , then still cheap.

But if u stick to historical data, then expensive.

Don't u value plantations and property stocks on that basis ?

Or u want to stick to past and super low historical costs as yardsticks

This post has been edited by SKY 1809: Apr 4 2013, 11:41 AM

Wow , if u use old yardsticks and still can spot low PE with super goreng ones.

Then u are super good liao.

But somehow u bank in the future ( good ) values of the Plantation lands to buy.

If plantation lands depreciate like a car, then u still want to buy

Ya, I bought Asiatic at rm 1, just like u banking on land value factor.

But over time I changed from farsighted to shortsighted just like yr Favco

But LUCKILY still got change to sell a bit at rm 9 or so ( can say by luck only.)

Now I do not know whether I am farsighted or shortsighted

Time can really test one own patience .

This post has been edited by SKY 1809: Apr 4 2013, 12:16 PM

But u just stop at the present, what about the future.

Why Muhibbah did not sue the Government for losing rm 400min Asia HUb.

I think they are fairly compensated with good projects ........

This post has been edited by SKY 1809: Apr 4 2013, 12:24 PM

Well, Celcom was my fav way back in Year 2009.

Now, peiseh if u asked me about this stock cos I sold it for chicken profit.

It still about timing , right ?

If common sense tell u it can turnaround, then u can get it very cheap.

Of course, when u are 100% sure, price could double or triple.

That is the fair price u have to pay for.

That is why early birds in property investments can really make lot of money ( if u get it right )

This post has been edited by SKY 1809: Apr 4 2013, 12:36 PM

Wow Asiatic is quite on par with UEM land in land size, only thing it is in Kulai.

But land value captured is super low

rm 4 ler, but goes Holland , do not look for me

Daiman Development Bhd, Trading Buy

Cheapest Iskandar proxy

· Cheapest pure Iskandar play with enviable growth prospects and strong dividend track record

· Deep value with 2,286-acres of under-appreciated land bank to leverage on Iskandar Malaysia’s success

· Potential M&A candidate with 53% of market value in liquid assets (RM1.10/share)

· Fair value of RM4.00 based on 50% discount to RM7.94 RNAV (94% upside potential)

Hidden gem. Daiman (share price RM2.06, market cap RM437m, 51%-owned by Tay Thiam Song & family from Singapore) is an asset-rich property developer with 2,286 acres of land bank in Johor. Its property development projects are mainly in Kota Tinggi (2,016 acres), Tebrau (106 acres), Plentong (43 acres) and Senai (18 acres), which make it one of the most leveraged to Iskandar Malaysia’s rising prospects. Its 1HFY13 earnings surged 61% y-o-y to RM21.8m, driven by strong performance of its property development operation.

Undervalued land bank in Johor. The 2,286 acres of Johor land bank is still carried at average historical cost of RM5.90psf - significantly lower than market price, which has appreciated steeply over the past three years along with rising interest in Iskandar Malaysia. We estimate every RM5psf increase in the land price would boost our fair value by 28%. Coupled with rising Johor property prices, its low land cost has enabled the group to register superior pretax margins of 28%-44% over the past six years. Its hotel tower in central JB which will be operational by 2014, will be managed by Hilton under the brand name ‘DoubleTree by Hilton’ and is set to capture the under-served hospitality market in Johor.

Re-rating catalyst in the pipeline. Its MD has been buying Daiman shares aggressively this year. YTD, he has purchased 286,500 shares at an average price of RM1.99 each, which support our view that the company is poised for a re-rating. Daiman has sufficient S108 tax credit to declare bumper dividends of up to RM316m or RM1.49/share. The probability of a special dividend appears high given that the Tay family owns a majority stake of 51%. Also, we believe that it could materialize given its strong property sales (likely record high revenue in FY13) and generous dividend track record (33%-68% over past four years). Daiman could also be a privatisation target given its rich embedded value (53% of its equity value in liquid assets).

Unjustified Iskandar laggard. We derived a fair value of RM4.00 based on 50% discount to our RM7.94 RNAV (assuming average land price of RM12.8psf). Trading at only 0.3x P/RNAV and 0.4x P/BV (vs peers’ 1.2x), Daiman is the cheapest Iskandar proxy. This is unjustified, as the stock offers strong earnings visibility underpinned by a booming Johor property market and resilient local demand for affordable landed properties. Annualising its 1HFY13 earnings, Daiman is only trading at 10x FY13 PE and offering 4% net yield (assuming 40% payout – similar to FY12). We believe a re-rating is imminent given the recent rally of other Iskandar proxies such as UEM Land, Country View, Tebrau Teguh, Keck Seng and Crescendo. We recommend accumulating this undervalued Iskandar play.

This post has been edited by SKY 1809: Apr 4 2013, 04:00 PM

shortsighted people normally talk about resistance

Because they cannot see very far lah

This post has been edited by SKY 1809: Apr 4 2013, 04:03 PM

Nice stock u have 5184

Fatt until die

Kinda Election Theme play.

Jib knows well what stocks China man holds ...

Time to make them mabuk