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With the impending recognition of revenue and profits from its fully sold Telaris Alam Impian project, combined with a robust pipeline of affordable housing developments, TWL’s normalized EPS is projected to rise to 5 sen per share soon. Simply put, TWL is currently undervalued !
TP 10 sen, based on forward EPS 5 sen and PE only 2x—super low compared to the usual 8x-10x for small-cap property companies. Current price is only 2.5 sen, got huge upside + revenue coming in from current and future projects.
The introduction of "comfortable living spaces" and "affordable housing" in 2024/2025 is expected to achieve a gross development value (GDV) of RM1.2 billion. Future quarterly results are anticipated to remain strong.