Thursday, May 3, 2007

Johor Land the next Kulim ........?

Johor Land one of the largest Johor Landlords.....

  • Largest landowner/ developer in Johor with 3044 acres undeveloped landbank and outstanding GDV> RM 6.6bn to last for the next 20 years

  • Recent venture into Bandar Dato' Onn with Focus to develop high-end properties and the development of JB's largest commercial centre spanning over 118 acres with > 1.0m sq m commercial floor space will be one of the strongest growth drivers going forward

    • Still trading at 27% discount to fully-dilluted RNAV of RM2.59

    Recommendation: Recent venture into Tebrau Corridor to develop high-end residential properties and to develop the largest commercial centre in JB a very positive and a bold one as it will create a stronger value for the Group in longer term. Moreover, there is rumours that ......

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