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Hopefully they can bring in GM contract and bring more brands to Indonesia. So far, not US car in indonesia, it may cater another choice for indonesia since people there getting richer and new car brand and model may unlock more market and attract people to change their Toyota car.
rabbitfoot ( Date: 28-May-2014 11:03) Posted:
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Gallant is going for Daiwa roadshow on 9-13 jun in U.S
Break out, can it break through the roof and say bye bye to resistance?
highly undervalued company with 2.6billion annual revenue and 1.6 billion property asset which is never revised since 10 year ago after 10 year inflation. Just improve in the profit margin and recognise the value of the property asset and the situation between vietnam, china and phillippines go worse, Batam and Bintan will be the choice for setting up the new factories and Gallant Venture will be benefit from this dispute.
At the same time try to improve their profit margin in automobile industry to be as profitable as Atlas International which is beling to Jardine C& C.
Full of potential and undervalued stock.
facing resistance again 34cents. Break out please!
Waiting for breakout. High volume is a good sign
look like going for new high... stay alert!!
No time to read birdie' s nonsense.....full of bird shit
when it comes to investment in emerging markets, stability within the political scene is very important. with the upcoming Indonesian presidential elections slated on 9 July 2014, would it be a better idea to wait for more visibility?
https://sg.finance.yahoo.com/news/gallant-venture-huge-land-bank-074621855.html
Gallant Venture is a commercial developer, integrated master planner and manager for industrial parks and resorts in Batam and Bintan.
Based on its annual report 2013, it has the backing of key shareholders such as Salim (74.5 percent) and Sembcorp Industries (12 percent). As of 30 April 14 closing price at $0.30, Gallant&rsquo s market cap is $1.45 billion.
Notwithstanding its large market capitalization, there is no analyst coverage.
There are some key factors which cause me to take a closer look at Gallant now.
1. Huge land bank in Bintan totaling 18,000 hectares
Gallant has significant land bank in Bintan totaling approximately 18,000 hectares. According to Gallant&rsquo s company website, the land was acquired at a very attractive rate of $3 psm.
With the recent interest coming into undervalued property stocks, Gallant may be worth a closer look. It recently caught my attention and may catch the market&rsquo s attention too.
Although, I am not a property expert in assessing the worth of their land in Bintan, I would guess that it is likely to worth more than before. Its net asset value per share is approximately around $0.415.
2. Property development business to gain traction
Gallant started to recognize land sales of $55.5 million contributing net margin of approximately $34.7 million in FY13. (FY13 net profit was $47.5 million).
According to Gallant, three out of the five new hotels already under construction are scheduled to open in 2014. Another three additional hotels have announced to break ground in 2013.
As these new properties come online, Gallant expects incremental revenues from their complementary lines of business, such as utilities, ferries and dormitory rentals.
3. Automotive sector &ndash full year contribution in FY14
As of July 2013, Gallant has increased its stake in PT Indomobil Sukses Internasional Tbk (&ldquo IMAS&rdquo ) to 71.49 percent.
In 2013, IMAS&rsquo revenues exceeded S$2.45 billion and generated after-tax profit of almost S$79 million, contributing S$25.8 million profit to Gallant.
Indonesia&rsquo s automotive sector has been on an uptrend over the last five years. Total annual vehicle sales have doubled in the last five years from approximately 600,000 units to approximately 1.2 million units in 2013.
On the back of Indonesia&rsquo s increasing consumption power, management remains positive on the automotive sector.
4. Chart &ndash consolidation mode
Based onChart 1 below, Gallant seems to be in a consolidation mode after reaching eight month high at $0.360 on 19 Feb 2014. Based on my personal observation, there seems to be some accumulation at current levels.
Strong support: $0.290 &ndash 0.300 / 0.280
Resistance: $0.315 / 0.335 / 0.350
Risks
1. May stay undervalued for some time if there is no analyst / media coverage.
It is not new that Gallant&rsquo s land bank is (very likely) undervalued in their books. However, what has changed is that they have started to recognize resorts land sales and have secured land sales contracts stretching till 2015.
Thus, this seems to be a good step forward to monetize their land bank.
Having said the above, if there is no analyst or media coverage, it may still take time for the market to recognize the initiatives that Gallant is doing.
2. Land sales &ndash lumpy in nature.
As their land sales are lumpy in nature, quarterly results may not be a good gauge of company performance
In addition to the above, there are likely to be other risks involved. As this is just a short introduction on Gallant, please visit the company&rsquo s website for more information.
Alert admin.
TuaPekGong9413 ( Date: 26-May-2014 10:49) Posted:
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24, 30, 32... Slowly climbing up. Once time is ripe, up non-stop.
Cheh, who want other believe me.
TuaPekGong9413 ( Date: 26-May-2014 08:45) Posted:
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Patient, patient....
Indonesia economic will be robust. Phillippines and Vietnam will be punished by China. The rest of the South East Asia will be benefit from there, especially Indonesia.
volume gone after run up... contra jialat!
bot some at 32.
Next round loh. just be patient and wait loh. So serious meh
TuaPekGong9413 ( Date: 22-May-2014 13:00) Posted:
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4hrs more to 40, birdie......yr smartass analysis
earlybird14 ( Date: 21-May-2014 14:54) Posted:
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Tuapekgong give me money leh.
TuaPekGong9413 ( Date: 22-May-2014 09:24) Posted:
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Ruppee or rupiah? Mr birdie? U finally out of your nest and start telling stories....keep it up......
earlybird14 ( Date: 21-May-2014 14:54) Posted:
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tomorrow break up and move to 40!!!!!!!!!!!!!