« Reply #137 on: November 25, 2010, 01:00:20 AM » | 0  Quote |
U MEAN IJMLAND IS OF BETTER FAVOUR THAN UEMLAND & SUNRISE? UEMLAND NOW IS UNDERVALUE NOW, DO U THINK IT WILL FLY LIKE IJMLAND. THANK YOU FOR SHARING.
From my analysis, I would say NO to your questions.
1. UEMLand is not undervalued based on PE ratio.
2. UEMLand will not fly like IJMLand. IJMLand will fly from RM2.80 to Rm3.65 or perhaps higher .
On top of your questions,
3. SUNRISE shares will drop to around Rm2.00 as shareholder call for early exit.
4. UEMLand will be stay above RM 2.00 based on acquire cheap Sunrise, high net gearing, near to zero EPS
5. The first giant is overvalued by 20%. The money would flow to property giants like Newco and Sunway.
I rate UEMLand/Sunrise 1+1 = 1.5, IJMLand/MRCB 1+1 = 3.5
From current company profiles,
UEMLand has ROE 8.19, EPS 0.007 to 0.05, and PE 38.39, Net Gearing 62% (Feb 2009 ), Market Capital 8.0bil
Sunrise has ROE 11.81, EPS 0.26 to 0.33, PE 10.03, Net Gearing 39% (Nov 2010), Market Capital 1.3bil
IJMLand has ROE 7.75, EPS 0.09 to 0.11 , PE 27.45, Net Gearing 21% (Nov 2010), Market Capital 3.5bil
MRCB has ROE 3.94, EPS -0.02 to 0.035, PE 59.54, Net Gearing 62% (Nov 2010), Market Capital 2.8bil
ROE, EPS and PE, Market Capital retrieved from Bursa, and Net Gearing taken from Malaysia Finance BlogSpot.
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