GOB

EPS: 

Jun 12 - 0.98sen

Sep 12 - 2.16sen

Dec 12 - 4.58sen

Mar 13 - 5.64sen

June 13 - 1.4sen

Sept 13 - 3.4sen

Dec 13 - 3.8sen

Mar 14 - 8.3sen

Hightlights:
Very precious 350 acres land which located at second penang bridge (batu kawan), Batu Kawan is new township and industrial park which emphasize by state. Damen's mall project carry 1bil GDV, 22mil p.a, which is 9.6sen. GOB are at least recognize 159mil in 2015 which is 70sen per share. For a company with small cap about 224mil, having an increment of 50% to 100% to profit.

GOB has 149 acres of land in Petaling, which the latest is acquired in 1999! With the under-appreciated price of the land, with the fascinating 241 acres of land in seberang perai, which are far more location strategic than Tambun Indah. 

There are also other players near the second penang bridge, such as Malton, Tambun, Ecoworld, Ivory, IJM, Mahsing and Paramount. But Ecoworld and Tambun Indah is nearly to the second penang bridge and looks at thier price growth since last year? So how about GOB that has larger landbank than them and better location to them? (this need further proving by the coming EPS, and price always reflected earning capability)

A big boost in 2015 is expected. Addition, right Issues was progressing. It was already 20% price grow since my first buy. But definitely, it was still undervalued with the price 1.05. The huge land bank at Batu Kawan was estimate to have at least 1 to 2 years to be fully developed.

For year of 2014, you could barely find a undervalued good company to invest with no fear. As the index went higher, you need to be more careful to filter out the stocks to buy. Tighten up your stock-picking policy. Never lose your capital!

Update (26th Nov '14): Current year quarter PBT improved 69.8% from RM10mil to RM17mil. Accumulative PBT improved 79.2% from RM14.8mil to RM26.54mil.