Roxy Pacific - undervalued

Still significantly undervalued for a stock that is going to report record profit this year, based on S& P\'s forecast.

Well, the firm does not even need a forecast. A large bulk of revenue have been locked in. Even if the firm is not generating revenue or profit in the future, one can still buy this firm at a significant discount with just purely the existing assets as mentioned in the recent Nextinsight post on Roxy. I guess many are still unaware that the hotel is carried at cost of $65m vs current value of $230+m. Price performance has been weak but its good, I have been accumulating on dips. Hopefully some day people will realize its value.

S&P report this morning, fyi.

Roxy has quietly crept up to 37 cents from 30 cents in early Sept, and it still is undervalued.
3Q result should be good as it books more revenue & profit from pre-sold projects.

3Q profit jump of 40% was excellent - but not surprising as the backlog of revenue to be booked from pre-sales was already massive and made known.

Relatively easy to forecast the direction of  Roxy's results. More quarters of  good news to come for sure.

The stock price has firmed up, more upside .....market a bit blur that is all



info.sgx.com/webcoranncatth.nsf/VwAttach...tion.pdf?openelement

Undervalued at 38 cents.

Worth at least 45 cents. Anyone likes it? Sumer, you are the property guru. What is your take?