tag:blogger.com,1999:blog-18183714.post115190952991150069..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18183714.post-46136798300459619192007-03-29T18:18:00.000+08:002007-03-29T18:18:00.000+08:0029-03-07Tebrau closed at RM 1.69 with over 100 mil...29-03-07<BR/><BR/>Tebrau closed at RM 1.69 with over 100 mil shares traded.<BR/><BR/>A Singapore broking house said last week that the value for the stock should be at RM5.00Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1152014697023199582006-07-04T20:04:00.000+08:002006-07-04T20:04:00.000+08:00Hahaha...yes RM 3.58 would have appeared ridiculou...Hahaha...yes RM 3.58 would have appeared ridiculous, yet if they actually develop the land & not just sell it the value would be far higher than even RM110. Regardless, if we discount the land value by 75% to get your RM 28 psf, thats your RNAV of RM 1.70 which seems reasonable enough. So the upside should be quite good. Also bec of the 9MP Johor will definitely be developed, its just the timing.Dr. Sivahttps://www.blogger.com/profile/00155189907986581089noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1151977977513571922006-07-04T09:52:00.000+08:002006-07-04T09:52:00.000+08:00If we were to base it on RM28psf, for its 1,012 ac...If we were to base it on RM28psf, for its 1,012 acres it has a RNAV of RM1.70. You don't want to use RM110psf yet even though thats the current pricing as a lot of things could change along the way. That could push the RNAV to be past the RM7.00 mark. Bit silly for now.SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1151976882708011272006-07-04T09:34:00.000+08:002006-07-04T09:34:00.000+08:00so, are u buying any ? :)I think The Edge has a wr...so, are u buying any ? :)<BR/><BR/>I think The Edge has a writeup on Tebrau roughly 2 to 3 weeks back. I was quite a positive writeup too.billhttps://www.blogger.com/profile/11046580831847077493noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1151976681977625132006-07-04T09:31:00.000+08:002006-07-04T09:31:00.000+08:00Well, if I post it at RM3.00, it looks ridiculous ...Well, if I post it at RM3.00, it looks ridiculous as it assumes all land will be sold at current prices. Thier NTA is based on the revalued book value, taking a discount... in actual fact, however you cut it, the stock looks cheap... but for the stock to keep going, the 9MP and Johor Play has to be evident. The surge in even D Bhd (has land in Johor) looks good, though I would stay true to Tebrau as it looks clean and no hanky panky (yet).SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1151929952728334272006-07-03T20:32:00.000+08:002006-07-03T20:32:00.000+08:00Hi Dali, good post on Tebrau. How did U calculate ...Hi Dali, good post on Tebrau. How did U calculate the NTA? Land of 1,012 acres = 44,022,000 sq ft x RM110 psf = RM4,842,420,000 (thats RM 4.8 bil). If we take just 50% of value, thats RM2.4 bil. Divided by 670 mil shares = NTA RM 3.58 per share. Isn't this the fair value for Tebrau shares? If thats the case it certainly seems undervalued now. What do you think?Dr. Sivahttps://www.blogger.com/profile/00155189907986581089noreply@blogger.com