Hi guys!
Bplant got Rm500 million or 33 cts cash coming.
Dutaland also got Rm150 million coming. About 17 cts a share cash.
So Bplant at Rm1.60 with 33 cts cash.
Dutaland at 39.5 cts with 17 cash on the way.
By percentage Dutaland offers better value!
Accumulated losses must first be written off by par value reduction like what Pm Corp did.
Then only can give capital distribution from sale of assets.
Both Pm Corp & RceCap went through par value reduction & gave back cash payout.
These are the positive factors for Dutaland.
1) Duta Yap has been buying & buying.
2) Top 30 shareholders now holding almost 80% of Dutaland shares. Only 20% left in free float
3) Among top 30 holders are Lim Pei Tiam & Genting Boss.
4) Dutaland is almost debt free.
5) Sale of Kenny Hill lands will bring in Rm150 million cash or 17 cts a share
6) Next quarter & next year will show positive results from Oil Palm harvest
7) At 39.5 cts it is selling at over 60% discount to NTA. Big margin of safety.
8) Dutaland is now the most discounted Oil Palm stocks of all.
So Calvin Tan Research calls for a buy on Dutaland at 39.5 cts.
Short term target is 50 cts
Longer term is up 100% to 80 cts.
Let's Go!!!
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/112389.jsp
