(a)Business
-Property Development & Property Investment and Management (45.5%)
-Construction (3.7%)
-Industries : Cables,wall panels and trading of building materials (13.5%)
-Hospitality: Hotels and Resorts,Vacation Club (LOSS)
-Financial Services and Investment Holding (46.6% )
(b)Market
97% mainly in Malaysia
(c)Performance
-Year to date 2016 3Q, revenue 3 times vs year to date 3Q 2015, due to OSK Property Holdings Berhad and PJ Development Holdings Berhad acquired in August 2015
-pre-tax profit increased by 48% due to higher contribution by Financial Services and Investment Holding Segment; and earnings generated by OSKPH and PJDH, partly offset by interest expenses incurred for the acquisitions of OSKPH and PJDH
(d)Protential Benefit
-Hospitality Segment should perform better in the year end holiday season.
-Financial Services expected to do well and RHB group is expected to do well
(f)Target price
2 Billion capital
Current Price RM1.44
Current PE =8
PE 10 = 1.8
PE 12 = 2.16
Currently is an undervalue price and rencently being collected by 第一天
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