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Hot Stock Country View rises 2% after Insider Asia says stock undervalued
by Cals Mon 17 Nov 2014, 17:51
Hot Stock
Country View rises 2% after Insider Asia says stock undervalued
KUALA LUMPUT (Nov 17): Country View Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose six sen or 2.2% to its intraday high at RM2.78 after Insider Asia said shares of the property developer were undervalued.
At about 3.10pm, the stock saw thin trade of 2,700 shares changed hands.
"The stock is trading at a trailing 12-month P/E ratio (price-earnings ratio) of just 3.4 times, although future earnings will depend on the timing and sales of new launches.
"Dividend per share was 27 sen in FY2013, translating into a yield of 9.5%," Insider Asia wrote in a report today.
In price-to-book value terms, Country View shares were traded at a ratio of 1.01 times, according to Insider Asia.
Bloomberg data showed that Country View's P/E ratio compared to the sector average of 36 times.
Insider Asia's report is published in The Edge Financial Daily and theedgemarkets.com
today.
According to Insider Asia, Country View is best known for its (432ha) 1,080.2-acre township Taman Universiti in Johor Bahru.
Insider Asia said Country View was currently developing properties in Taman Nusa Sentral at Bandar Nusajaya, Johor.
"Unlike Iskandar Johor’s luxury condominium market which is facing a glut, CView’s (Country View) projects are more insulated as they are mainly landed projects catering for the local middle-income population," Insider Asiasaid.
Country View rises 2% after Insider Asia says stock undervalued
KUALA LUMPUT (Nov 17): Country View Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose six sen or 2.2% to its intraday high at RM2.78 after Insider Asia said shares of the property developer were undervalued.
At about 3.10pm, the stock saw thin trade of 2,700 shares changed hands.
"The stock is trading at a trailing 12-month P/E ratio (price-earnings ratio) of just 3.4 times, although future earnings will depend on the timing and sales of new launches.
"Dividend per share was 27 sen in FY2013, translating into a yield of 9.5%," Insider Asia wrote in a report today.
In price-to-book value terms, Country View shares were traded at a ratio of 1.01 times, according to Insider Asia.
Bloomberg data showed that Country View's P/E ratio compared to the sector average of 36 times.
Insider Asia's report is published in The Edge Financial Daily and theedgemarkets.com
today.
According to Insider Asia, Country View is best known for its (432ha) 1,080.2-acre township Taman Universiti in Johor Bahru.
Insider Asia said Country View was currently developing properties in Taman Nusa Sentral at Bandar Nusajaya, Johor.
"Unlike Iskandar Johor’s luxury condominium market which is facing a glut, CView’s (Country View) projects are more insulated as they are mainly landed projects catering for the local middle-income population," Insider Asiasaid.
Cals- Administrator
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Re: Hot Stock Country View rises 2% after Insider Asia says stock undervalued
by Cals Mon 17 Nov 2014, 17:53
looks like for long term investor type
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
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