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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.
Open to apply: 16/05/2025
Close to apply: 23/05/2025
Balloting: 28/05/2025
Listing date: 10/06/2025
Close to apply: 23/05/2025
Balloting: 28/05/2025
Listing date: 10/06/2025
Share Capital
Market cap: RM1.6 bil
Total Shares: 1.6 bil shares
1st day listing tradable shares: 560 mil
Business (FYE 2024)
Shopping malls REITS
Fundamental
1.Market: Main Market
2.Price: RM1.00 (will follow final institutional price)
3.Forecast P/E: 16.39
4.ROE: 6.13%
5.NAV: RM1.00 (Debt: 865.913 mil, Non-Current Asset: 2.437 bil, Current asset: 38.643mil)
6.Dividend policy: 90% income distribution policy.
7. Shariah status: -
Past Financial Performance (Revenue, Earning Per shares, PAT%)
2024 (FYE 31Dec): RM218.741 mil (Eps: 0.0610), PBT: 44.65%
2023 (FYE 31Dec): RM190.175 mil (Eps: 0.0428), PBT: 35.98%
2022 (FYE 31Dec): RM161.631 mil (Eps: 0.0355), PBT: 35.13%
Major Sharesholders
1. Gemilang Waras Sdn Bhd: 21.875%
2. Jelas Puri Sdn Bhd: 14.375%
3. WCT Hartanah Jaya Sdn Bhd: 28.75%
1. Gemilang Waras Sdn Bhd: 21.875%
2. Jelas Puri Sdn Bhd: 14.375%
3. WCT Hartanah Jaya Sdn Bhd: 28.75%
Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is low risk investment & low return investment.
Overall is low risk investment & low return investment.
*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.