Why buy Keladi?

Why want to buy keladi?

1st: consistent net profit over 4 years , 2007 has 15million s, 2008 2Q has 12++ millions.

2nd: with 2Q ( 13 millions )0.017eps, let say a 0.025eps for this full year, the PE @ 0.25 is around 10, which is a bit high, but since they has net cash 29 millions on hand, translate to the 0.037 cash per share, which is consider cash rich.

3rd: they just paid a 1.1sen dividend not long time ago, translating to 4.4% (net dividend ), which is quite high among property stock. ( Another high dividend yield is Pjdev).

4th: They are housing developer is in Kedah area, which might benefit from the Northern Corridor Economic Region.

5th: Obviouly the property counter has not moved for this small bull run, but i can see plenitude is started to move from 2.84 to today 3.02, once the counter start to run, then we should profit much.

6th: Market want to fry counter below RM1 !!

7th: this counter has volume, and you can see the the price seems like controlling by some one, either they sell large lots at 0.25, or either they queue many to buy at 0.24 or 0.245.

Maybe my analyst is wrong, but this counter has the fundamental. So no worry you will lose big money.

But since this is the trading play, don't put too much on it. i have allocated big percentage of my portfolio money into property stocks due to they haven run.