My Trading Update

It is time to defence, but i have choosen to offence in 3rd or maybe 4th liners. Could stuck for a year or more. But who know i can catch a big bird? Haha, me and myself, naively

11/12 39200 pensoni @ 0.53 loss - Sold
12/12 10000 mbl @ 0.615 gain - Sold
12/12 6000 cheetah @ 0.585 loss -Sold

Cold Eyes Pick 12/10

Cash Rich Co
格林尼（RM1.00）；
哈礼申（RM0.84）；
菲马机构（RM1.16）；
KESMI（RM0.76）；
RCI（RM0.53）。

格林尼的母公司为林威，该公司拥有大量未种植土地，每年增种新树整1万英亩；哈礼申是由印尼华侨控制，菲马集团（Kumpulan Fima）拥有菲马机构（Fima Corp.）约60%股权，KESMI是由新加坡人控制；RCI的母公司为美佳第一控股（MFCB）。

KSL valuation

MP 1.63
('000)
Share Issue 390,548
YH 1.68
YL 1.19
NTA 2.08

Revenue 140,876 ( TT3Q)
GP 78,143
EBITA 48,555
EPSTotal 3Q 12.82

Profit Margin 34%

TR 42383
TP 87555
INV58519
Borrwoing 145456
Cash 26714
Property develop cost (C.Assets)
139794

TR- TP
-45172/390584 = -0.11

Borrowing - Cash
145456-26714/390584= -0.30

Retained earning + Reserves
566201 + 19163 = 585364 /390584
=1.49

Inventory
58519/390584=0.15

Property develop cost (C.Assets)
139794/390584 =0.35

RTR
42383/140876 x0.75 x365 = 82days

Div 2009 5 cents = 3%