Monday, November 17, 2014

About CView

It is a Johor based property developer for its vast 1082 acre township development, Taman Universiti in JB.

It is currently (Nov 2014) developing properties in Taman Nusa Sentral at Bandar Nusajaya, Johor. Its projects are more insulated as they are mainly landed projects catering for the local middle income population.

It holds assets which are carried in its books at very low prices. It is trading at 1.01 times book value.

Its landbank includes 295.8 acres in Bandar Nusajaya carried at rm156 million or just rm1.21 psf; 364.8 acres in Daerah Hulu Selangor carried at rm54 million or rm3.41 psf and 550.7 acres in Kulim. Kedah carried at rm27.4 million or rm1.14 psf.

Its balances sheet has shown significant improvement over the years. As of 3QFY2014, net gearing stood at 13% down from 81.4% in FY2010. From Fy2010 to FY2013, total assets increased by a CAGR of 14.2% to rm372 million.

It is trading at 12 month PER of 3.4 times although future earnings will depend on the timing and sales of new launches.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.