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[MALTON] Malton: Still Cheap at 72.5sen?

Definitely, and here is why.

Shares Outstanding: 418,023,512

Market Capitalisation: RM 288 mio

Current Assets: RM 665 mio
Total Liabilities: RM 400mio
Current + LT Liabilities


RM 265 mio

Difference of only RM 23 mio (RM 288mio - RM 265mio).

RM 23 mio and you get

Investment Properties RM 43 mio
Land held for Property Development RM 185 mio
Investment in Associated Companies RM 23 mio

TOTAL FIXED ASSET (partial) RM 252 mio

WOW! RM252 mio extra. That's 60sen upside potential from the current price now.

Malton is going to breach the 74.5 sen resistance level set on Nov 12, 2010.

it's much lower today. Standing @ 0.68. Maybe you should accumulate more today.
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