20% of book value 7% div and pe less than 3

1 cent dividend (which is 7.69% of its last traded price)

NTA $0.62 - last traded price - 13 cents. Trading at 20% of book value.

None of the $48.47 NPAT is composed of 'fair-value adjustments' - it is all operating profit. pe 2.5!

Income is split between 'property development and sales', and 'rental income', providing further risk management.

Projects are to continue to be self-funded out of cashflows, and so do not require risky borrowing.

Net Debt to equity is only 27.81% - conservative gearing, and a very strong and liquid balance sheet.


But perhaps even more importantly, "The overall continuing outlook for the Group is favourable as the Malaysian economy remains relatively steady in the current economic conditions."


I suggest you review previous posts about this company, and do your research. But IMO, it is great buying and has a great track record of growing shareholder value.

(the only 'negative' is its lack of liquidity - not a problem for true investors rather than traders.)