Author Topic: LANDMRK  (Read 888 times)

Offline zizaq

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LANDMRK
« on: December 10, 2010, 10:48:16 AM »
Landmarks advances on CIMB report    PDF    Print    E-mail
Written by Joseph Chin   
Friday, 10 December 2010 10:11
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KUALA LUMPUR: Shares of Landmarks  Bhd climbed in morning trade on Friday, Dec 10 after CIMB Research said the property company was trading at a hefty discount of more than 70% to its estimated RNAV of RM4.81.

At 10.06am, Landmarks was up 14 sen to RM1.51 with 13.60 million shares done.

The FBM KLCI fell 1.37 points to 1,519.92. Turnover was 323.81 million shares valued at RM429.18 million shares. Losers led gainers 233 to 208 while 229 stocks were unchanged.

CIMB Research said Landmarks was trading at a hefty discount of more than 70% to its estimated RNAV of RM4.81. Investors are currently valuing the Bintan landbank at only slightly more than S$3.00 (RM7.20) psf.

“At 50% discount to its RNAV, the stock would be worth RM2.41. Landmarks has been a laggard this year, trading sideways since September 2009. YTD, the stock has eked out a mere 5% gain compared to 18.8% for the KLCI.

“We expect the stock to catch up soon. Furthermore, Landmarks’ current share price is way below Genting’s entry cost, which we estimate to be RM1.70-RM2 a share,” it said.

Offline zizaq

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Re: LANDMRK
« Reply #1 on: December 10, 2010, 11:04:25 AM »
Genting seem to have hedge its strong position as Asia Integrated Resorts by associate company's Landmarks Bhd which recently announced its subsidy company Bintan Treasury Bay securing the approval for its land to used for gaming activities as well as turning it into a tourism, entertainment and commerical resort for the future..

Offline PhoebeShuan

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Re: LANDMRK
« Reply #2 on: December 10, 2010, 11:14:21 AM »
i hv waited so long for this share to climb.. pls dun disappoint me!


Offline deva74

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Re: LANDMRK
« Reply #3 on: December 10, 2010, 11:20:40 AM »
Purely speculation - SP Setia?

Offline deva74

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Re: LANDMRK
« Reply #4 on: December 10, 2010, 11:22:00 AM »
I meant to say - wishful thinking

Online Rashid Jihad

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Re: LANDMRK
« Reply #5 on: October 28, 2020, 09:23:59 AM »
breakout resistance 23c broo  :cash:

Online Rashid Jihad

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Re: LANDMRK
« Reply #6 on: October 28, 2020, 03:21:39 PM »
24c d  :cash: :cash: :cash:

Online kakipukul

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Re: LANDMRK
« Reply #7 on: October 28, 2020, 09:19:08 PM »

Online Rashid Jihad

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Re: LANDMRK
« Reply #8 on: November 09, 2020, 11:59:30 AM »
wow  :cash: :cash: :cash:

Online Rashid Jihad

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Re: LANDMRK
« Reply #9 on: November 09, 2020, 04:02:48 PM »
tgt 42c :cash: :cash: :cash:

Online kakipukul

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Re: LANDMRK
« Reply #10 on: November 09, 2020, 10:43:40 PM »

Online Rashid Jihad

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Re: LANDMRK
« Reply #11 on: November 10, 2020, 10:44:45 AM »
told u guys  :cash: :cash: :cash: