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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Undervalued Shares in the Property Sector

Undervalued Shares in the Property Sector

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lankasecguru


Stock Analytic
Stock Analytic
CTLAND Price 33.00 Net Asset Value 43.54
CSD Price 17.60 Net Asset Value 23.78
OSEA Price 16.60 Net Asset Value 20.53
Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

where did you pick the CSD NAV ?

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Small correction on C T Land -
Price = Rs 32.10
Net Asset Value = Rs 46.01 (30th June 2011)
Discount to NAV = 30.2%

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

CSD Net Asset Value 29.65
CTLD Net Asset Value 46.01
TWOD Net Asset Value 50.67


Please get your figures correct

PriyanDV


Senior Equity Analytic
Senior Equity Analytic
CSD
Net Asset Value = Rs 29.65 (30th June 2011)

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54

CSD Price 17.60 Net Asset Value 23.78

OSEA Price 16.60 Net Asset Value 20.53

Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

How came Touchwood there?
Yatin gahann neda heduwe?

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I personally dont think property sector wont boom for long like how plantation sector rally did in Jan/Feb 2011.

EAST basically goes up for the reason of the positive feedback of the $ 18 million worth resort deal with Marriott. i guess the share is tryin to stag in a new level before the newly added asset value bring the B/S strong.

And CSD s financially strong share which should relax on 25 levels. Probably thats also tryin to achieve that levels.

nkuda


Manager - Equity Analytics
Manager - Equity Analytics
@lankasecguru wrote:CTLAND Price 33.00 Net Asset Value 43.54
CSD Price 17.60 Net Asset Value 23.78
OSEA Price 16.60 Net Asset Value 20.53
Touchwood Price22 Net Asset Value 39.92

these are awesome buys Very Happy

Can we consider the higher Net Asset Value of real estate oriented companies, Because theire main business is Land Sales which is more value asset., I'm asking I too don't know it ?

player

player
Moderator
Moderator
there is no rule that a share should trade below or high of NAV,please dont run after thinking NAV,when there is a rally,please quit at a well profit..........

wisely trade Very Happy

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Correct; as per last report.

This value is based on the revaluation done in December 2009. (Investment property val: 4,592,314,000.00 ) .
If they revalue now, probably they will in near future, this might hit 36.00 at-least.

@Player wrote: there is no rule that a share should trade below or high of NAV,please dont run after thinking NAV,when there is a rally,please quit at a well profit.......
cheers

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:
@PriyanDV wrote:CSD
Net Asset Value = Rs 29.65 (30th June 2011)

Correct; as per last report.

This value is based on the revaluation done in December 2009. (Investment property val: 4,592,314,000.00 ) .
If they revalue now, probably they will in near future, this might hit 36.00 at-least.
it.......
cheers

[/quote]

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

12Undervalued Shares in the Property Sector Empty L & P Sector & NAV Wed Aug 10, 2011 11:15 pm

ruchiranirash

ruchiranirash
Stock Analytic
Stock Analytic
I think we should little bit careful when it comes to the NAV in Land & Property sector shares. Because their net asset value is normally high than the share price most of the time. So don't buy or think those are under valued just because their share price is less than NAV. Look at the financials and see whether their operational income from the main business(NOT FROM OTHER INCOME) justifies the current value with EPS,PBT,PAT & other ratios. Then Make ur decision.

Happy Trading Guys !!!



Last edited by ruchiranirash on Wed Aug 10, 2011 11:21 pm; edited 2 times in total (Reason for editing : Word Added)

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ruchiranirash wrote:I think we should little bit careful when it comes to the NAV in Land & Property sector shares. Because their net asset value is high than the share price most of the time. So don't buy or think those are under valued just because their share price is normally high than NAV. Look at the financials and see whether their operational income from the main business(NOT FROM OTHER INCOME) justifies the current value with EPS,PBT,PAT & other ratios. Then Make ur decision.

You are correct. I can remember the trading value of CTLD (MC-Bamba) remained well below NAV for years in 1990s. The trading price was based mostly on EPS/PAT .

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Hi RDS,

This is not that similar to CFVF.
2 Years ago, we saw CFVF have invested heavily in TBills at higher rates (over 20%) and they were to get huge return per share probably more than the prevailed share price.
Later it performed better than I anticipated.

CDS came into the light when they issued rights and used that money to pay back loans to make it a profitable company. It was getting a fair rental income but showing losses due to high capital cost they were paying. ( Bank Interests ).
Then , with the help of some of our member contributions, we just checked its NAV and saw there is a possibility for revaluation after the war . Again, resent land sales - Shangri la etc. - has taken the land values of the area to a new dimension .

Somehow, I also believe NAV should not be the main factor deciding the trading price of property stocks. ( as others highlighted here) . In a takeover bid the story is different.

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics
@Chinwi wrote:
@RDS wrote:

Thanks chinwi, ohh god this will be petrol for bull run.

It look like u have observe this well, i can remember u have told about CFVF story. is this also like that.

Hi RDS,

This is not that similar to CFVF.
2 Years ago, we saw CFVF have invested heavily in TBills at higher rates (over 20%) and they were to get huge return per share probably more than the prevailed share price.
Later it performed better than I anticipated.

CDS came into the light when they issued rights and used that money to pay back loans to make it a profitable company. It was getting a fair rental income but showing losses due to high capital cost they were paying. ( Bank Interests ).
Then , with the help of some of our member contributions, we just checked its NAV and saw there is a possibility for revaluation after the war . Again, resent land sales - Shangri la etc. - has taken the land values of the area to a new dimension .

Somehow, I also believe NAV should not be the main factor deciding the trading price of property stocks. ( as others highlighted here) . In a takeover bid the story is different.

Thanks.
it seems something takeover pattern, let's see

more than 70M shares trade out of 147M issued qty within this week.



Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Like i said , property sector didnt move . except EAST . Very Happy

Sold all ma EAST shares and bought some back. high risk though !!!

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