| KLSE : L&G || || LAND & GENERAL BHD |
|Last Price ||Today's Change || Day's Range || Trading Volume |
|0.435 || -0.005 (1.14%) || 0.43 - 0.435 || 584,000 |
|Avg Volume (4 weeks):||1,982,688|
|4 Weeks Range:||0.39 - 0.445|
|52 Weeks Range:||0.33 - 0.46|
|Average Price Target:||0.42|
|Price Target Upside/Downside:||-0.015|
| View Price Target Detail |
drakoryn last chance to buy below 42cents
TAH No patient better don't buy.
valueinvestor L&G to launch properties worth over RM1.6 bil in next six months.
As per the current issue of Focus Malaysia, L&G also intends to spend about RM20 mil to re-align or divert the existing TNB high tension cables in order to re-develop its existing 14.5ha freehold land upon which the present Sri Damansara Club is sitting. The land now carries an amazing low book value of RM3.8 mil for 14.5ha or RM2.40 psf. The land shall be developed into a mixed development with a GDV of RM2.4 billion!
The Shah Alam land to be acquired will be generating another GDV of RM1.2 billion with mostly landed properties. The Sena Parc in Tuanku Jaafar Golf & Country Club in Negri Sembilan will have a total GDV of RM600 mil predominantly again with landed properties.
So the prospect is indeed bright in the next 2 years if the management team runs faster and works harder. If this company is led by Eco World or Hua Yang management team, its share price would have hit RM1 and above long time ago.
drakoryn as i always said, next few years this company will do better. The Sri Damansara Club land is super undervalued. I think its ok for them to delay their launches, property market is not doing well right now, not good to launch too many at once.
TAH Buy quick going to huat cos buying signal triggered
cherry88 L&G management is a bit careful in business if compare to EcoWorld / Hua Yang. L&G is more conservative which is good to shareholders. If you are valueinvestor, you should support L&G management given current uncertainty market. Its cash per share or 40 sen is more than enough to support any downside. Target : 60sen (before revaluation). Its upside is much more than downside currently.
TAH Today volume high good sign
prudentinvestor With several new launches within the next 6 months, profit should improve greatly.
TAH Fundamentally n technically strong ., further buy.
drakoryn TAH No patient better don't buy.
TAH Buy quick going to huat cos buying signal triggered
why in one day you can change your mind?
TAH Hi Drakoryn, this cts is not a speculative type so if u buy u have to wait for it to move. Waiting need patient. So if u r not a patient type this stock is not suitable .On the early morning,8/9/2016 00.52 , I made a comment after looking at the chart, showing buy signal with increasing volumes. Share prices change in minutes , in hourly , daily etc. So I comment base on indicators. In share market they r bull, bear,false bull n false bear etc' Today maybe false bear,tomolo bull or vice versa , just a matter 1 day different . My comment is not construe a buy /sell call. Buy or sell is at your own risk.'
drakoryn Hi Tah, thats interesting,
1) you first say that this counter is not speculative type and have to wait long term
2) you started looking at short term technical indicators which is essentially speculative
seems like you are contradicting yourself.
TAH For your information , a chart indicators are not for speculation activities
drakoryn i see. May i ask, what indicators were you looking at? What time horizon?
TAH Very common indicator , i think u can find out yourself
drakoryn well i'm interested to know what indicators you are looking at. As it seems you are looking at short term indicators but also say this stock need to wait long term and be patient. Just trying to clarify what you are saying.
TAH U want to make more u keep long term
steelman I am not good at charts. I only look at RSI..either oversold or overbought scenario. By chance I started looking at this counter n its financial indicators. Should say impressive. Low gearing and equity at RM714 M. total borrowing only RM84 M against short term deposit and cash in bank of 532M. Now is cum dividend which works out to 5%. better than bank rate. So no need to ask many Q, just masuk la.
goldentriangle Solution for property developers?
Governments plan to issue money-lending licences to developers is “a noble idea” !!!
Government is starting to giving more positive "Mangkin" or "Catalysis" into property sector!!!
Will Property sector then started to booming???
Can't wait for the coming Budget 2017 in October!!!
Still got one month to go!!!
Eric Fong Cannot implement this plan bcoz will have bad influence in future and too many problems to do it.
1) If a buyer cannot get full loan from bank,. that means the person have too much commitment or his/her salary cannot afford to pay it. Bank already evaluate one person's financial background in this first level.
2) If seller(developer) lend money to buyer, the interest will be 18% per annum (without collateral). If the buyer not afford to get bank full loan, how can he afford to pay loan to developer?
3) Capital is main problems for developer. Developer need extra cash for development, loan, land, labour, etc.
Any other opinion that miss out?
tanhy123 It is a joke and brainless proposal.
The brainless minister said this give chances to those who can afford but can't get loan from bank to buy.
Does he mean money laundry?
aliyusof We have a lot of low IQ ministers...
Finally the SPA for the RM90 mil Shah Alam land (112 acres) is likely to be concluded soon. The shall help generate RM1.2 billion GDV to the company. The management team must work faster and more efficiently like those in Mah Sing, LBS and Eco World who did not really slow down their launches that much regardless of market conditions. Just learn from other such dynamic developers to provide the right products at the right pricing.
Simply cannot understand why it still has not launched its Sena Parc project. Giving excuses like weak property market alone is not right unless the company can slow down in paying salaries or reduce the salaries & bonuses to the management team. Otherwise, the management team is effectively taking a ride on all the shareholders by working at their own sweet time but enjoying the same fat salaries and bonuses.
Eric Fong Sena Parc already start with registrations last few month.
Together with Astoria Block B and Damansara Foresta phase 2 registration and launching will be now
The redevelopment of this Club house can easily fetch RM2 to 3Billion revenue at relative very very low cost............+ RM530M cash in hand + many land low land cost.....
Invest33 + 0.02 dividend to be ex: on 28.09.2016
Eric Fong Yes please read THESTAR business today. Headlines is great!
bing2014 Yes, very good headline. Eric Fong, is it good time to accumulate with 0.435?
Eric Fong For me dividend is important so i will wait awhile before entry...my target is at least 5% dividend...a bit risk for my capital if i entry now...
bing2014 I see, hope it will fly higher after 28/9
Eric Fong Hope the company is steady and earn more profit in future...growing stock..
Eric Fong http://www.propertyguru.com.my/property-news/2016/9/136015/land-and-genaral-showing-a-steady-growth
Eric Fong Today L&G in headlines again.
今天通用置地又上THE STAR 头条了。
prudentinvestor Trying to break the 44 sen resistance level. Should be successful within the next few days before the ex dividend date.
valueinvestor Notwithstanding that the mother share will soon be traded ex-dividend, the L&G ICUL is currently undervalued at 28 sen as the exercise price is 13 sen only when its mother share now trades at 44 sen.
Quite a lot of its ICUL holders may be confused, thinking that they would have to pay another 26 sen in order to convert one ICUL into one ordinary share.
Eric Fong To convert to mother share, there are 2 option:
1) 2 ICULS change for 1 mother share
2) 1 ICULS + RM0.13 for 1 mother share
Eric Fong ICULS now is RM0.28 + RM0.13 = RM0.41
Worth to buy and convert now.
TAH No wonder LnG cannot move.
peterwinwin tah ,don't worry,"pek kong " said tomorrow up 1 cent.pls pray for it,po pi po pi.
bing2014 Why today trading volume very low?
Eric Fong If buy ICULS (L&G - LA) transfer mother share cost only RM0.405...why nobody interested?
bing2014 Ya Eric, it seems quite interested as mother share cost RM0.435 now