Baby Monkey's comment on IJM. All Comments

Baby Monkey
3 Like · Reply
Invest RM200mil buy a new land with simedarby and rent to JV parnter and sharing 50% of cost.

The land rental is about RM3mill a year, the return is only 1.5% on return. After Sharing 50% of the cost the return for the land rantal is only 0.75%, its too narrow in this join venture
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Jex Tan
Monkey, the main investment for return is not from the rental. but behind the scene is to buy at a low price and sell at high price when market is good or use for development. This is a big holding company having a hundred of brains to analyze and assess before they would to buy or invest.
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1 Like · 9 months · translate
Baby Monkey
The market is showing their view on this JV, drop so much after announcement
1 Like · 9 months · translate