We agreed Dijaya Corp is undervalued and start holding it at RM 1.53

In fact we have been monitoring Dijaya Corp for sometimes from its price start rising around RM 1.1 till today. The Price traded below NTA and only around PE 5 times as of now. With its development in Kota Damansara that in line with MRT development by Gadang. Also the recent announcement of potentially developing a huge portion of land in Klang Valley. With things on hand, we recommend a buy call between RM 1.50-1.60. Target around RM 2.50 conservatively with PE around 8 times.

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