Menara YNH: Average land price: RM 3,000psf in the area. 3 acres = 130,680 sq ft = RM 392,040,000. Their book value is RM 100 million only!! 1.2 Based on these 2 land their nett valuation should increase by RM 675 million or RM 1.27 + 1.818 (Net Asset) = RM 3.088 They still have a lot of land not revalued Check their 7 pages long properties in annual report.
KUALA LUMPUR (June 17): YNH Property Bhd’s share price climbed as much as 18 sen or 5.63% to hit its all-time high of RM3.58 in the morning session, albeit in thin trades. The property counter later fell on profit-taking to settle at RM3.19, or down one sen from Tuesday’s close, with 10.27 million shares traded.
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