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 ......