Hi Value Seeker,
It is no secret that Malaysian property market is facing headwinds, especially in Iskandar. Oxley's project in Medini, Iskandar is unleveraged (no loan taken for land purchase) so it can wait indefinately for sentiment to improve there. Meanwhile, according to its latest presentation slides, Oxley Towers KLCC is expected to launch in 4Q2016, and a residential project in Selangor to launch in 3Q2017. With regards to the Penang residential project, which has the largest land area among all its Malaysian sites, Mr Ching updated at the recent FY16 results briefing that its JV partner has finally reached agreement with the squatters occupying the land to move out. Hopefully, in the next 12 months, shareholders will be able to see some progress in Oxley Malaysia.
This is an undervalued property company. The immature Singapore investors and analysts do not understand that a still RNAV is useless. Only when the RNAV continues to generate profitability, will it have a value.
I propose Mr Ching to delist this Company and relist in Hong Kong.
There are currently no news stories for this ticker. But those are Oxley Holdingsn Investor if you have Play Today and you Want to Close your position BUY ABOVE 0.43 . . . . .
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Our Recent Recommendation was that :
1. SGX INTRADAY SIGNAL : BUY ADDVALUE TECH AT 0.050 TARGET 0.052, 0.055 SL 0.047
2.KLSE INTRADAY SIGNAL : BUY LAYHONG AT 10.10 TARGET 10.45, 10.80 SL 9.74
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