KSL

ok bought KSL 25 lots at an average of RM1.35.

Reason for selecting:

2008-RM90 million

2009-RM91 million

2010-RM121 million

every year their profit is increasing, 

PE: 5 ( take the past 3 quarters and assume the next quarter: 7.77+ 4.13+6.54+ (assumed) 6.54) you get an earning of 25) Price of 1.35/25=5

ok, lets assume they halved it, you still get a PE of 6++, not good enough?

now like i said, PE low not necessarily mean good prospects, but if you look at their annual report, where is their land located most at? where are their developments located most at? If you can find the answer it is in JB and in the Iskandar region.

So tell me, why Im bullish on Iskandar? Well, the government is pushing it as THE investment destination of the year and Singaporeans are lapping it up like no tomorrow.

I guantee that sooner or later the price will follow their profit.

mark my words.