lol. maybe la.

its half of tebrau for both. and tebrau kena goreng until mother cannot recognise. lol.

Ha... index slowly and sneakily heading south....

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

I would say potential is there but tebrau had one strong factor to goreng up because it got new taukehs and I won't be surprise if Tebrau form another strong wave up.
Daiman's potential is there and all it needs is more fund managers to believe in it.

Tell to you first la.
I am not an investor.
If I have to sell/buy any stock, I normally don't hesitate one.

so this stock are you hesitating or no interest at all?

Heard that CIMB Research got another strategy report on Iskandar. I have yet to read it.

A list of Politically-Linked Counters.


Attached File(s)
 researchview_GE13.pdf ( 443.25k ) Number of downloads: 88

dear shifus..

can share some opinions on NEXTNAT??

wah...uem...power

You are right taikor

Bear higher risk, but come with high return

very interesting market. love it!

I think Daiman is a good sell now. Summoning Cheeroy for advice.

thanks for your insight btw.

No problem but like Ah Gark said, I might be bringing you go Holland.

I believe this Iskandar theme is good for the market, the market needs a good solid theme, a theme backed with good fundamentals.
I think the market is now starting to want this theme to work.

cadmus: You see how the play has shifted to the leader, UEMLand?

Hi guys,

I've just opened up a CDS account not long ago, and managed to save some money for investment purposes during this pre and post GE.

Now, where do I start? and how do I go about it? how do I study about the market?
fundamentally I know, but it comes to the real world... I'm not quite sure anymore....

Thanks for the heads up...

How do I study which shares are good and which are to be avoided?

Low PE, high ROE, high EPS, high div yield?

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

my very first stock lesson is from my other mum, pauline yong. she uses PRINCE D.
http://paulineseconomicsforum.blogspot.se/...d-criteria.html

might work for you though

I also got buy her book.....very basic things inside....