Perak Corp still the safest bet base on the current bullish environment

[grahamsmun]

If you ask me, what is my surewin and the safest bet share now ? I will chose Perak Corp Rm 1.70.
The NTA of Perak corp exceed Rm 4.00, the EPS is about Rm 0.17 and the operating cashflow is about Rm 0.27 per share with net cash per share of Rm 0.60.
Perak corp hold 18% of integrax at the same time it hold 50% of Lumut ports. These manjung ports will benefit from multi billion Vale Project and the expansion of coal plants capacity of Jemanjung power plant by 50%.
Just the port a lone, Perak Corp should be value at around Rm 2.70.

The govt of Perak owed Perak corp about Rm 110 million for many years, but recently i see there is a light for settlement through contra of integrax share, which Perak corp hold on behalf of Perak government amounting Rm 0.30 per share and the balance will be recovered by land contras settlement (will be explained more detail later) recovering around Rm 0.80 per share. The settlement will rerate Perak Corp by at least Rm 0.50, thus raising it is fair value to Rm 3.20 for Perak Corp shares.

"Biocity development", Perak govt will make available at least 7000 acres of land for development of Ipoh with Perak Corp acting as a coordinator. This together Perak corp existing land holdings of 1000 acres will result in 8000 acres of prime land available in Bandar Meru Raya Ipoh for development. FYI the 1000 acres which Perak corp holds cost  only Rm 2 psf, if this development proceed the land will appreciate to at least Rm 8.00 psf generating potential gain of at least Rm 200 million, with just the land gain a lone, therefore improving the Perak corp share price to Rm 5.70 per share. (Same structure with KYM, the share price actually move from Rm 1.00 to Rm 2.80 when PeraK govt make available 3000 acres of land to kym for Manjung development).

If you take in the management of the 7000 acres of land,there is another potential to earn another Rm 300 million profits,this will rerate Perak corp share by another Rm3.00, thus raising the potential share price to Rm 8.70.

You may be sceptical of Perak corp potential but please bear in mind the company share price is Rm 1.70 v potential value of Rm 8.70, there is alot of profit potential.

Finally i like to declare my interest, i am still holding alot of Perak corp shares and i had been promoting this share from a low of Rm 0.60 to Rm 1.30.
Even today, when the price above Rm 1.70, i am still buying because of the huge 8000 acres of low cost land for property development which i estimate can reap substantial gain. 

Please do your on research to review my findings before you buy. Best of Luck !

[johnmaster]

it is too high already and at a bad time when KLSE is at record high. Want to buy buy something has not moved... like LCTH. When KLSE eventually starts downtrend again, people will take profit first before continue with cut loss... a lot of people who holds PRKCORP at lower price will dump to take profit first.

[Bursafarmer]

Dear grahamsmun,
Thanks for kind and clear our your point.
From your explanation, I will look and study this counter and hope to get chance to join soon.

Happy farming!

[paulthesotong]

dont forget it still has 30% stake in west coast highway, if approve it burst.

[Ethan]

welcome back Graham!
Thanks for the stock pick!

[Kucing]

 

Welcome back Grahamsmun, hope to hear more from you !!

[changkor]

Mr Graham...Jus wanna check wit u is MJPERAK a wholly owned subsidiary of PRKcorp? So will Prkcorp pump projects into Mjperak since both of them are related having d same largest Sholder....

[grahamsmun]

Mr Graham...Jus wanna check wit u is MJPERAK a wholly owned subsidiary of PRKcorp? So will Prkcorp pump projects into Mjperak since both of them are related having d same largest Sholder....

Mjperak is not a subsidiary of Perak corp but they are related because of same parent (Perak State Government).Not likely to pump projecst to each other.

Perak corp share undergo some selling pressure due to the recent runup, now consolidating and i have collected another 200 thousand share at around Rm 1.70 and will continue to accumulate. This is the best time to accumulate because of consolidation the price is holding, as mentioned earlier there is a large potential value in this company. Once weakholders (those who stucked for many years) are taken out, it will runup sharply.

There is a few strategy we can do;

1) Buy hold
2) Monitor for volume and price breakout then buy
3) Do both 1) & 2)

For me i prefer buy hold strategy because can take large position

[vunkhaiyan]

GM give green light..........

[changkor]

Then i would rather buy MJperak cos it is cheaper...........

[sotong II]

Then i would rather buy MJperak cos it is cheaper...........

please believe to our legend of investlah, you won't be regretted

[ahbah]

Mjperak is not a subsidiary of Perak corp but they are related because of same parent (Perak State Government).Not likely to pump projecst to each other.

Perak corp share undergo some selling pressure due to the recent runup, now consolidating and i have collected another 200 thousand share at around Rm 1.70 and will continue to accumulate. This is the best time to accumulate because of consolidation the price is holding, as mentioned earlier there is a large potential value in this company. Once weakholders (those who stucked for many years) are taken out, it will runup sharply.

There is a few strategy we can do;

1) Buy hold
2) Monitor for volume and price breakout then buy
3) Do both 1) & 2)

For me i prefer buy hold strategy because can take large position

[/b][/b]

Graham .. veri gridi !

[tycoon88]

I was once in the audit team in-charge of Perak Corp Audit in 1994.

Boy! i never thot dat one day it wud get listed! dat time their office cum factory somewhere near Bukit Merah in Ipoh (close 2 menglembu town) and it was really an old premises.

sure brings back some "fond" memories of my younger days. now oredi an uncle.

at dat time, it was a fairly conservative & quiet company IMHO. investments mostly in timber, plantation & properties.

[zayed]

 

[sotong II]

grahamsmun punye pick kurang....kurang mau tunggu 6 bulan ma

[junjun40]

Good one, Graham, neat, nice and clear.
thanks a lot.

[stockraider]

Supid Grahamsmun...recommended Perak corp at Rm 1.70 woh...! Now Rm 1.35...!
Alot people lose monies loh...! Performance worse than uncle John, leno and Raider loh...! No wonder sudah lari investlah loh...!
But raider heard belum lari Prk corp loh...!

But never mind loh...raider, tukang tilik, senior analyst and 009 team confirmed n certified this stock..!
Lately....raider found out kuda quek & sotong slowly accumulating loh....!

Those...who have no confidence....should buy Perak corp....loh...!
Something is brewing loh...!

$$$$$$$$$$$ coming mah...!

[stockraider]

Supid Grahamsmun...recommended Perak corp at Rm 1.70 woh...! Now Rm 1.35...!
Alot people lose monies loh...! Performance worse than uncle John, leno and Raider loh...! No wonder sudah lari investlah loh...!
But raider heard belum lari Prk corp loh...!

But never mind loh...raider, tukang tilik, senior analyst and 009 team confirmed n certified this stock..!
Lately....raider found out kuda quek & sotong slowly accumulating loh....!

Those...who have no confidence....should buy Perak corp....loh...!
Something is brewing loh...!

$$$$$$$$$$$ coming mah...!

Raider accumulating little bit loh...! Rm 1.36 still veri cheap mah...!

[deva74]

Huge upside potential. The imminent elections will further boost this pick

[stockraider]

Perak corp accumulating loh Rm 1.36....buy little bit loh...!
$$$$ coming mah....!

[sotong II]

 

[OmG]

  Semalam wa ala panggil lu beli Yinson mah... tapi lu pigi bili hammer ini hali apa bikin ?  Siklang tidur pulak aiyoooooo pengyu or pinggu 

[money1234]

he said buy, he said accumulating, he does not say how high and low.

[OmG]

  If elaborate to many things it becomes long winded mah... since i assume everybody such an experience enough so mau masuk atau keluar make you own judgement... as long as make 

  Kalau mau tahu itu high and low and steal price the most expert is Dr Kim 

[money1234]

THIS COMPANY HAD POTENTIAL, PROVIDED THE BUSINESS SCOPE. YOU SEE, THE 1000MW COAL PLANT FROM TNB IS ON THE WAY, AFTER COMPLETION OF 2 YEARS, THE COAL DEMAND WILL BE DOUBLE.

LEKIR BULK IS THE ONE THAT MANAGE THE IMPORT OF THE COAL. SO, MAYBE MORE BUSINESS.

BUT, THIS COMPANY IS RULES BY A BUNCH OF IDIOTS.

[OmG]

THIS COMPANY HAD POTENTIAL, PROVIDED THE BUSINESS SCOPE. YOU SEE, THE 1000MW COAL PLANT FROM TNB IS ON THE WAY, AFTER COMPLETION OF 2 YEARS, THE COAL DEMAND WILL BE DOUBLE.

LEKIR BULK IS THE ONE THAT MANAGE THE IMPORT OF THE COAL. SO, MAYBE MORE BUSINESS.

BUT, THIS COMPANY IS RULES BY A BUNCH OF IDIOTS.

  Oo... sorry Skyu... i'm talking about Yinson ok pardon me