715'000 k number of share
1.28× 715'000
= Market value 915 million RM
Company net assets value, I take minimum 2 billion after deducted all the liabilities without consider any market value of the existing land located at KL and Penang and also Pengerang Johor.
What is the gap between stock pricing now vs real tangible assets?
915'000k Rm - 2'000'000k RM= - 1'085'000k Rm
Let me convert it to per share basic
1'085'000k RM ÷ 715'000 k number of shares = 1.52 (this is the gap market has steal for it)
Mean it can go up to 2.8 (1.28 + 1.52)
Mean it can go up by 119%.
Current price is damp super cheap and I can smell it there "someone" is collecting by push down the price!!! Don't let "someone" fool you. The price to 2.xx is only matter of time only. Of course not in this weak market, but then next year should be rock and roll.
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