Friday 20 July 2012

MKLAND (update)

It has been almost 2 months since I brought up MKLAND. Today, it is up with active trading. Perhaps it's time for the share price to reflect its NTA per share of 87 sen? It's not uncommon for many property companies in Malaysia to reflect poorly upon its real share value. Another one of them would be CHHB (Country Heights Holdings Berhad), which has an NTA per share of 2.65, and mostly trading around RM1.00 and below.  People have been chasing properties as investments but shares of companies with substantial landbanks and properties aren't up. Time for a change in investment direction??

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