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Overview
Financial HighlightHeadlinesNo recent Headlines for this stock. Business Background Daiman Development Bhd is a property development company. The company and its subsidiaries are engaged in property development, property investment, the sale of building materials, the operation of golf, sports and recreation clubs. The company has five reportable segments: Property development; Property investment; Trading; Leisure and recreation; and Hotel operations. It derives most of its revenues from Property development segment.
kklo1973 likes this. dompeilee Not a single share transacted! None of the current shareholders(incl me, who was locked up in a paper loss for 3 years but can run now) wants to sell! 28/08/2018 9:29 AM apolloang bursa tipu.....8.30am cannot key in this stock at limit up to buy......start the quote at 8.35am.key in at 8.30am kena rejected.if wanna down sure get lo,if later wanna up cannot key in 28/08/2018 11:04 AM dompeilee Those who bought between May & Nov '14 all cannot make $ despite takeover lol 28/08/2018 8:21 PM Choivo Capital Average down yo hahaha. But probably should take up the offer, too low. Around Rm4.5 to 5 is fine. Posted by dompeilee > Aug 28, 2018 08:21 PM | Report Abuse Those who bought between May & Nov '14 all cannot make $ despite takeover lol 28/08/2018 8:28 PM lizi like every week buy lottery, hoping one day will hit jackpot....after few years really kena, it may not be jackpot but consolidation prize.... dompeilee Those who bought between May & Nov '14 all cannot make $ despite takeover lol 28/08/2018 20:21 28/08/2018 9:19 PM 5354 At least Daiman boss is good to privatise at 38% premium how abt other listed ctrs? Posted by dompeilee > Aug 28, 2018 08:21 PM | Report Abuse Those who bought between May & Nov '14 all cannot make $ despite takeover lol 29/08/2018 4:18 AM TheContrarian Usually the more thinly traded, the higher the premium. For heavy volume counters, there's hardly any premium like in TA Enterprise. 29/08/2018 4:47 AM iphone4 Asset backing is RM5+ and taking it private at RM3.00 is already at a big discount. Plus in the revaluation of its land bank property , the Offeror made a big killing. 29/08/2018 11:26 AM value_man Arbitrage Play: Offer Price: RM3.00 Dividend: RM0.05 Current Price: RM2.82 Profit: 3.05-2.82 = 0.23 Yield: 0.23/2.82 = 8.2% 29/08/2018 3:26 PM hoplanner Iphone4, Stock mrkt eat people, by big shareholders. See what happened to Hunza some yrs ago, now MWE. Soon Insa 29/08/2018 7:45 PM apolloang soon ken not insas cos u mention daiman and hunza,both of them in property sector same like ken,insas not a property stock 29/08/2018 9:18 PM enid888 Pls read the following report from Public Investment bank dated 17/6/2014 to see what is the real net book value of Daiman. Public investment Bank gave a fair value of RM7.79 per share. You compare the offer price of RM3.00 to RM7.79 per share and see how much the offerors are going to make. http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=53009&bb=34262 29/08/2018 9:47 PM enid888 The following is the extract from the Public Investment Bank report on Daiman. See for yourself, how much the investment community has overlooked Daiman. " Huge potential value to be unlocked. The group owns about 2,965 acres landbank in Johor spanning across Kota Tinggi (2,645 acres), Tebrau (118 acres), Plentong (158.3 acres) and Senai (43.9 acres). The most interesting part is its 103.7-acre golf course land in Plentong, which sits on commercial land status with a book value of RM7.20 psf. Management has indicated there is a plan for redevelopment but will only start looking into it after the completion of the JV project as it wants to see an increase in traffic volume and business activities from the mixed development. Based on the transacted price with the JV partners, the land is now worth around RM140 psf. In Kota Tinggi, it has about 2,458 acres, which has been approved for mixed development, is sitting on book value of RM2 psf. Based on the market value of RM10-RM15 psf, we believe it is worth at least RM1bn. All-in, we think its land bank and properties in Johor stand at market value of not less than RM2.5bn, which is a far cry as compared to its current market capitalization of RM598m." 29/08/2018 10:00 PM enid888 I would like to suggest to KYY, quietly accumulate the shares of a good undervalued target property counter, make a general offer to privatise the target company at an appropriate time. He may make a few hundred percents in a few months time. After that, he can either choose to sell the properties away piece by piece or even relist the company with the lands and investment properties revaluated to market prices. 29/08/2018 10:39 PM prudentinvestor The relevant authorities must not approve this privatisation exercise as it will result in our country losing hundreds of millions to foreigners. 30/08/2018 9:30 AM RVI123 For a general offer, the authority shld requires the assets of the company to be revalued so that it will be fair and transparent to all the shareholders (both substantial and minorities). 30/08/2018 12:08 PM Jeffreyteck Our authority only bother about its bottom line, high trading volume is good. 31/08/2018 11:29 AM calvintaneng Properties held by Daiman Development Berhad PTD 49317 - 49682* PTD 56436 - 56459 PTD 62111 - 62113 PTD 62361 - 62369 Taman Johor Jaya, Mukim of Plentong District of Johor Bahru, Johor Darul Ta’zim 32 lots of residential land for development 12 lots of vacant land - Freehold 1.05 acres Rm19,000 Attention Sifu Jon Choivo Note: Daiman has 44 lots of lands in Tmn Johor Jaya. Total 1.05 acres (all freehold) Book Value (Refer to latest annual report is only Rm19,000 So to get price psf 1.05 x 43,560 sf ft = 45,738 sq ft Now for Rm psf Rm19,000 divides by 45,738 = 41.59 sen to round it up 42 sen psf What is the curent asking price for land in Tmn Johor Jaya? Refer to propertyguru Jalan Teratai 33 Tmn Johor Jaya land adverised for sale at Rm100 psf See https://www.propertyguru.com.my/property-listing/johor-jaya-teratai-for-sale-by-ck-lau-27536054?ref=ls%7C%7C4%7C3 06/11/2018 11:00 PM calvintaneng Daiman = Diamond Others are TA ENTERPRIZE INSAS EKSONS GUH ECS ICT MPHBCAP TALAM KWANTAS JTIASA HARNLERN CSCSTEEL SO MANY GOOD STOCKS GOING CHEAP 07/11/2018 10:14 PM Syndicates be aware, offer price cum dividend should be 3.05. 3.00 is after ex-dividend price. 15/11/2018 10:23 PM dompeilee I struck quite a few takeover plays during the last 5 yrs, including MISC, HL Cap, KHSB, Samudera, Ptg Tin, KAF, Hunzpty and this year, Daiman & SPB =) 17/11/2018 11:57 AM nkpi3 The Offer Price of RM3 is at a whopping 55.75% discount to its RNAV of RM6.78! The independent adviser, Mercury Securities, says it is reasonable to accept the offer in view of the historical share price of Daiman. For long term investor, who has stayed with the shares for its value, I would say it is grossly unfair and unreasonable to accept the offer. Will Mercury Securities or anyone willing to sell off their own real estate/ properties at 55.75% discount? Yes, Daiman is indeed a property company owning real estate, not a tech company with very little asset backing. 20/11/2018 5:12 PM k3nthiew They need to get approval from shareholders on today agm, once egm done, you will get your money likely in another 3 months time 10/12/2018 10:47 AM lextcs once again the minority shareholders are short changed....santa came not to give but to rob 26/12/2018 9:21 AM calvintaneng Yes done long ago Now Daiman got lands for sale by tender As for next possible candidates for privatisation: See Eksons Mphbcap Bplant Tsh Plant Fgv Nylex WTK Thplant Others 07/08/2021 11:50 AM calvintaneng calvintaneng Yes done long ago Now Daiman got lands for sale by tender As for next possible candidates for privatisation: See Eksons Mphbcap Bplant Tsh Plant Fgv Nylex WTK Thplant Others 2021-08-07 11:50 BPLANT CHUN CHUN BEING TAKEN OVER BY KLK FOR RM1.55 21/09/2023 11:05 PM | |