My little blogging

I know I have not been writing much especially on other counters besides Airasia. Looking back to 2 December 2015, when I wrote this, it was tough because there were so much negativity in the stock. I saw one huge opportunity and continued to write despite its ridiculous pessimism on the company by so many readers.

Part of the snapshot of the article I wrote then

During then, the thought by many people was that Airasia was almost going down the path of Malaysia Airlines. If you search my writings, I have written about MAS as well but it was more towards my pessimism over the company - but not Airasia.

Investors or even most analysts are weird people, they follow the herd. If you look here, during then Airasia's price targets in most cases was lower then RM2.00. One even priced Airasia at RM1.05. What makes them changed their perception 5 months later? Isn't an investor or advisor (analysts) supposed to see ahead than based on past and short term results?

MWE's land sale: Is the price right?

MWE just announced a sale of several combined piece of land (making up a golf course, I presume) together with the golf course management company at total value of RM70.1 million (RM54.93 million + RM15.17 million - owing for the gold course). The total land size is 481,925 sq mtr or 5,187,397 sq ft., hence making the valuation for the price of the leasehold land at RM13.51/sq ft.

Where is the land? As below, it is near Denai Alam, Sunway Kayangan and Cahaya SPK.

Monterez Golf and Country Club which is possibly the property which MWE sold

My question is, shouldn't the land be worth more as adjacent land around the area are worth around RM150 nowadays.

I am not good at looking the difference between a golf course and a commercial or residential property, but it looks weird that there is such a huge difference.