Nanyang Siang Pau, 11 October 2011 - It is not difficult for Dijaya to gain land acquisition financing
Nanyang Siang Pau, 11 October 2011
|Target price: RM1.33|
The above-mentioned land will be used for the construction of service apartments and commercial shops (the project is called Tropicana Sultan Ismail), the total value of which adds up to RM650 million.
The company plans to finance the above-mentioned projects through internal financing and/or bank loaning. Although several large projects in Johor and Selangor are developed by the company, net debt ratio is 0.1 times according to latest quarterly performance and we believe the financing can be kept under control.
In addition, the government has increased the RPGT in 2012 budget bill, which will not bring notable impact to the company since the properties developed by the company are mainly high grade and all the purchasers are high-income group with strong holding capacity.
|DIJACOR Institution Share Price Movement|
|10/10/2011 Market Quotations
Closing price: 1.29 Riggit
Highest: 1.30 Riggit
Lowest: 1.27 Riggit
Turnover: 262.3 thousand shares
Highest of 52 weeks: 1.71 Riggit
Lowest of 52 weeks: 90.5 Sen