Boustead, a gold pot?

The company just posted a ~1.5bil revenue for 3rd quarter 2010 results and announced a 12 sen dividend to be paid by mid of Dec. Impressive track record and company's currently finalizing 2 lucrative projects that is the 60 acres Jln Cochrane land and the 245 acres Batu Cantonment army base land. [Consider this done deal. :)]

HDBSVR recently raised the value of the stock by SOP and value it at RM10.35.

While that's one way of calculating the company's value, we also should consider the potential re-rating of the property sector as a results of improving economy and the large amount of hot money inflow that will land in many Asian countries particularly Malaysia inview of the rising ringgit. Property sector in Malaysia will certainly benefit from the growing confidence and thus lower risk aversion as a result of better liquidity financial system and easy financing from banks.

Also the consistent dividend record of the company in 2010 also further convince many of the healthy cash flow of the company. In my opinion, the company should be valued at min of RM8.50 in the next 9 months.