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The company has both plantation and property development activities. If you compare its performance with that of the Bursa Plantation sector, https://www.i4value.asia/2021/08/how-malaysian-plantation-sector.html#more you will find that Golden Land ROE for the past decade was much lower than that of my reference company – KLK.
Secondly, the Malaysian property sector is not exactly booming currently.
Looking at its share price trend, you can see that it reflects its business performance. https://i.postimg.cc/wx0ZV3rc/Golden-Land.png
Unless you expect a significant improvement in the business performance, I am not sure why the share price will uptrend.
Golden Land Berhad’s fundamentals are shaky due to chronic mismanagement and poor earnings visibility that make long-term value hard to justify. With such weak corporate governance and stagnant financials, this counter is basically a value trap for any serious investor.
That stock confirm plus chop become value trap because the management keep playing punk and the earnings damn cmi one, better stay far away if you dont want to burn your money.
Even with the depressed valuations, the company’s inconsistent earnings track record and lack of clear shareholder value creation make it a classic value trap that you should avoid for any long-term portfolio.