2 years range price chart.
BDB core business includes :
3) Investment holding
4) Oil palm plantation
List of landed properties owned by BDB :
Most of the land held have not be revalued.
Majority shareholders of the company :
1) PERBADANAN KEMAJUAN NEGERI KEDAH : 54.49%
2) CIMSEC NOMINEES (TEMPATAN) SDN. BHD. CIMB FOR GENERAL TECHNOLOGY SDN. BHD. : 4.00%
3) RESON SDN BHD : 3.54%
4) CHUANG SHOW CHUAN : 3.51%
5) AMANAH SAHAM KEDAH : 2.98%
Financial aspects :
a) PAR VALUE : RM 1
b) Share capital : RM 72 million
c) Earning per share for 2013 : 29.03 cent
d) Earning per share for 2012 : 29.78 cent
e) Earning per share for Q1 2014 : 7.11 cent
f) Net assets per share : RM 3.71 (keep in mind that this is without all of BDB's land being revalued - if they were to be re-assessed, it's NTA could reach RM 5 (based on self valuation by multiplying it's current land and properties with a 1.5 factor)
Current P/E ratio (2013) is only 8 !
My personal consideration for a company that is directly linked to a State Government, 15 would be a fair P/E for it.
Target price by end of 2014 : RM 4.35
a) The company has made a press release about their goal of expanding outside of Kedah.
b) PROPOSED "en bloc" SALE OF 323 UNITS DOUBLE STOREY TERRACE HOUSES AT TAMAN INSANIAH, KUALA KETIL, DISTRICT OF BALING, KEDAH DARULAMAN.
c) Darulaman Realty Sdn Bhd (subsidiary of BDB) had entered into S&P with TulangisMaju Sdn Bhd for disposal of a piece of leasehold land for RM 3.8 million. (To receive the payment within 3 months from agreement date).
d) Issued letter of acceptance (LoA) for PROPOSED PAVEMENT WORK FOR THE PROJECT "MEMBINA JALAN PERSEKUTUAN (LALUAN 67) DARI PEKAN SUNGAI PETANI, DAERAH KUALA MUDA, KG PEKAN TAWAR, DAERAH BALING, 14.1 (PAKEJ 1) - DARI PERSIMPANGAN LENCONGAN TIMUR KE PERSIMPANGAN LALUAN (K620), KEDAH contract worth RM 9.45 million (expected end date 28th May 2015)
e) PROPOSED ACQUISITION OF SEVERAL PARCELS OF LAND MEASURING APPROXIMATELY 1200 ACRES (485 HECTARES) IN AGGREGATE FROM PERBADANAN KEMAJUAN NEGERI KEDAH ("PKNK").
f) Might be the beneficiary for proposed development of Kulim airports ( costs expectation : RM 1.6 billion)