Highlights
KLSE: L&G (3174)       LAND & GENERAL BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.15   -0.005 (3.23%)  0.15 - 0.155  1,426,300
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Overview

Market Cap: 446 Million
NOSH: 2,973 Million
Avg Volume (4 weeks):1,145,276
4 Weeks Range:0.145 - 0.16
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:0.13 - 0.205
52 Weeks Price Volatility (%):
26.67%
Average Price Target: 0.23
Price Target Upside/Downside: +0.08
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#2]  |  27-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: 16.94  |  5.90%
T4Q DY | Payout %: 9.87%  |  166.97%
T4Q NAPS | P/NAPS: 0.3687  |  0.41
T4Q NP Margin | ROE: 32.87%  |  2.40%

Headlines

Date Subject
28-Nov-2018 Land & General Bhd - Weak Earnings Visibility
19-Nov-2018 [转贴] [LAND & GENERAL BHD:由于市场继续纠正供求失衡,房地产市场在2018年上半年仍然疲弱] - James的股票投资James Share Investing
13-Sep-2018 Mplus Market Pulse - 13 Sep 2018
10-Sep-2018 时局变革.准备就绪.置地通用攫新商机
28-Aug-2018 Land & General Bhd - Delayed Launches Due to Challenging Market
28-Aug-2018 PublicInvest Research Headlines - 28 Aug 2018
01-Jun-2018 Land & General Bhd - Bumper Dividends

Business Background

Land & General Bhd is a property development and investment company. The company is also engaged in providing education, oil palm cultivation, and the operations and management of Sri Damansara Club. Its segments consist of Property engaged in the development of residential and commercial properties; Education that operates co-education schooling from kindergarten to secondary education; and Others engaged in investment holding, land cultivation, property management, management of club activities and dormant companies. Majority of the revenue is derived from the Property segment.
Analyze this stock with MQ Trader system

  31 people like this.
 
armadatuah2017 True. It is a doomed counter. On papers, it looks so strong. I lost so much money in this counter.
22/10/2018 15:57
James James Mr Toriq,sure or not ,dont bring us to Holland....this is a son of bitch counter,I have been hold itr for two years already,always though it could fly to at least 0.30
02/11/2018 16:39
Toriq Hello James,

The Chiu family started to acquire this stock since 2012. Since 2014, this company gives out 2 cents dividend. After the rights issue in 2017, the dividend is 1.5 cents. The company has relatively very high profit margin i.e. between 23% to 120% since 2009. There's no reason for it to fall any further except market speculation.

No stock will rise or fall forever. Stable stock like this needs years to change trend. It's in downtrend for 4 years after 3 years of uptrend. It should go back up anytime now.

You held this stock since 2016. Let's say you bought it at RM 0.395 in August 2016. You enjoyed total dividend of 4 cents before the rights issue in 2017 which brought your cost down to 0.355. If you exercised the 8:5 rights issue, your cost is reduced to RM 0.229. In 2018, you received 1.5 cents dividend, which reduce your cost to RM 0.214. You can hold your stock until RM 0.215 to break even. It will definitely be more than RM 0.215 before July 2019.

There are other more volatile stocks that you can possibly gain higher profit or suffer greater loss in a shorter period. But they give lower dividend, have lower profit margin and are more risky. In the end, it's up to you and your risk appetite.
05/11/2018 17:08
Bursa Christopher 0.25..... XD
06/11/2018 08:39
WH Lim Thanks Toriq for the explaination
06/11/2018 09:25
Luke91 can start pump le
08/11/2018 18:26
POORDAD nice...revving up for CNY now.

See u all at 21sen :D
12/11/2018 16:38
luckyman http://land-general.com/assets/upload/LnG_2018%2008%2029_1QFY19.pdf

Target Price: 27 sen
13/11/2018 20:30
luckyman http://land-general.com/property-development#overseas

http://hiddenvalleyland.com.au/

Just wonder how much the 2500 acres Hidden Valley land bank is worth today for L&G.......
14/11/2018 20:30
yipgusing dissapointed .. wondering how many ppl was the victim of the loan stock like me ...
17/11/2018 00:27
James Ng https://klse.i3investor.com/blogs/general/182900.jsp
[转贴] [LAND & GENERAL BHD:由于市场继续纠正供求失衡,房地产市场在2018年上半年仍然疲弱] - James的股票投资James Share Investing
19/11/2018 15:03
CheyWee Lim omg will posted loss this quater
23/11/2018 09:30
CheyWee Lim proposed right issue again?
23/11/2018 11:34
POORDAD where did they say rights issue again??
23/11/2018 14:32
xcu843 Bad report
27/11/2018 21:06
commonsense Hi xcu843,

Agree with you on its bad performance. L&G 1Q and 2Q performances were highly affected by the management decision to put on hold on some of it Klang Valley property launches given the challenging property market outlook at the moment. Previously investors were hoping that these launches would help improve earnings visibility for FY19 to FY21. Investors need to be prepared for low earnings in the short and mid terms at least until there is a more clearer picture on the timeline of new project launches.

The company has a very strong balance sheet. Net cash is at RM170 mil representing 40% of the company’s market cap. But the biggest values lie in the company land bank of which most is still being valued at cost of acquisition. An example is the 14 hectares freehold land in Sri Damansara which is currently being valued at only RM3.6mi. The land could easily be value at more than RM400mil. The NTA of the company can easily be double from the current 35sens per share to around 70 sens. At the current share price, the company is only being valued at 0.2x PB.

That being said, it might be a while before the value can be unlock as the management would probably prefer to developed the land rather than selling it to another party. Given the current dimmed property market outlook, any new launches might only take place in 2020 the earliest.

The company has been steadily paying dividend of 1.5 sen to 2 sens every year since FY14. Not sure if the company will pay any dividend for FY19 given the tepid performance expected for the full year. They do however have the cash if management decides to pay.

If you are looking to diversify your portfolio outside of the property industry (due to earnings uncertainty), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
21/12/2018 06:36
ivan9511 Famous company but dun know do biz

27 Nov Land & General appoints new director
19 Nov Do not let high yield confuse you
13 Sep 无惧销售缓慢
置地通用明年推3项目
13 Sep 置地通用明年拟推3项目.发展总值42亿
12 Sep FGV, Sapura Energy, Unisem, Sunway, MyEG, Pasukhas, Vertice, Land & General...
12 Sep L&G plans to launch three projects in the Klang Valley worth RM4.2b next...
10 Sep 时局变革.准备就绪.置地通用攫新商机
29 Aug 延迟推新项目.置地通用财测大砍
24/12/2018 13:16
ivan9511 cash is still rich like Puncak because get many money

31 Mar 2017 12 Apr 2017 14 Apr 2017 14 Apr 2017 Rights Issue 8 : 5 0.210 Malaysia Stock - Bonus/Rights Issue
15 Aug 2013 27 Aug 2013 29 Aug 2013 29 Aug 2013 Rights Issue 1 : 1 0.130


the money stil there
please give to public 50sen lol
24/12/2018 13:17
tanhy123 Major shareholder entered at 13.5 cents, which could form a technical support. As suggested above, the landbank at Sri Damansara already worth more than market capitalization, really under valued.
24/12/2018 17:34
Muarmali Without unlocking the value of landbank, the company has to bear the holding cost. When is the next property boom? When can the direction of development be changed to the north, Lembah Beringin??? Talking of value of landbank is talking cock at the moment. :)))
31/12/2018 09:27
POORDAD all in for cny rally
31/12/2018 13:08
Dakewlest Worth to buy? No near term/mid term catalyst!!!
31/12/2018 16:08
Sales HAPPY NEW YEAR TO ALL IN 2019! HUAT AH!!!!!
01/01/2019 09:04
xcu843 Why up?
04/01/2019 09:40
Dakewlest Any good news?
04/01/2019 10:16
ivan9511 Maybe want to private at 50sen or 40sen
04/01/2019 16:21
kilrathi Lots of landbank.. and cash.. should be valuation at 40cent
04/01/2019 18:01
Nik Ahmad The gov wants to develop L&G's landbanks? with gov investment in infrastructure? 3 projects will be launched? Landbanks will increase in value? Sudden increase in NAPS? Why are big investors coming back in L&G? A reversal after a decade of downtrend? 10 years uptrend coming up? If this is true, new TP should be somewhere around 40 cents? The good news should be announced today. Buy buy buy!
07/01/2019 07:33
POORDAD any special news to be announced today? where from?
07/01/2019 15:49
Toriq L&G (Stock quote 3174) LAND & GENERAL or LAND & GOLD (Top Reasons for buying (Calvin Tan Research)
Author: calvintaneng | Publish date: Sat, 8 Jul 2017, 03:09 PM

Dear Friends, Fellow Investors who visit here,

My next stock pick is LAND & GENERAL or LAND & GOLD.

These are the Top Reasons why Calvin Tan Research has turned bullish on L&G
At 21.5 sen with NTA of 58 sen L&G is selling at 63% Discount to NTA. This gives us a Big Margin of Safety

2. High Dividend of 9%

At 2 sen dividend yearly for the last 5 years L&G gives the 2nd highest dividend yield after Tasek Cement. So it beats Classic Scenic, Apollo Food, Alaqar Reit (beating all other reits) and all other dividend paying shares of KLSE. Since L&G is in Net Cash Surplus it is able to continue its dividend payout.

3. A GROWING ENTERPRISE

Its recent Rights Issue to raise Capital was to purchase 4 Prime Assets. This is also done by Mah Sing, Scientex & SP Setia. Growth by expansion.

4. HIGHLY UNDERVALUE ASSETS

A look at the Book Value of L&G Land banks showed that L&G owns about 2,500 acres of Prime Freehold lands in Kerling. The book value is only 44 sen psf.

Current Bank Value for lands in Kerling & Kuala Kubu Baru is Rm3.00 psf. So if revalued L&G lands in Kerling should go up by 500%. And among its 4 Assets recently acquired is the 160 acres of freehold lands in Serendah. This is a timely acquisition as GEELY is going to invest BIG TIME into Proton City of Tg Malim

5) L&G Land Banks in Kerling & Serendah will go up in Value when 60,000 Proton Staff relocate to Tg Malim. Just like the towns of Rengit & Desaru jumped in value by 300% to 500% due to Petronas RAPID that caused an influx of 70,000 workers into this booming region. So the expansion of Proton City due to GEELY Jv with Proton in Tg Malim will create multi year boom for all Real Estates here.

From L&G 2016 Annual Report:

Scroll down to Properties owned by L&G

2 Ladang Kerling Mukim Kerling District of Ulu Selangor

Rubber and oil palm estate. Freehold.

1,009.71 hectares. Book Value Rm48,146,000

So LG has 1,009.71 hectares of Freehold Lands in Kerling (15 minutes from Proton City of Tg Malim)

To convert hectares to acres

1,009.71 x 2.471 = 2,494.99 acres. That's almost 2,500 acres.

How many sq ft

So 2,494.99 x 43,560 = 108,681,764.4 sq ft

Its total book value is Rm48,146,000

And how much per sq ft?

So Rm48,146,000 divides by 108,681,764.4

= 44.29 sen per sq ft.

WOWEE!

The current land prices according to lands in Perling & Kuala Kubu Baru starts from Rm3.00 to Rm10.00 psf. Bank valuation is about Rm3.00

So if L&G wants to it can follow HapSeng, Eg, Seacera or Fiamma's examples & just revalue its lands and assets & book them as profit.

So from 44.30 sen to Rm3.00 psf L&G will see a jump of 677%! WHOPPEE!

And Rm3.00 psf at 43,560 sq ft (per acre) would mean that each acre is worth Rm130.680K

For 2,494.99 acres?

So 2,494.99 x Rm130,680

= Rm326 Millions

Ha! If L&G wanted to it could just sell off these lands for its recent Asset Acquisitions in stead of raising CASH by Rights Issue. Never mind. If sold L&G will be able to give out 5 or 6 yearly dividends of 2 sen from this Asset Disposal alone. So 9% dividend is assured for the next 6 years for all happy holders of L&G shares? (Note further: L&G already in NET CASH Position even without Assets disaposal. So if more CASH comes in L&G might even raise dividend to 3 or 4 sen?)

6) Top Holders of L&G are Mayland, savvy investors like Lim Pei Tiam & Tan Chong Koay of PHEIM Funds

The recently concluded RI saw Mayland increased its position. So is Lim Pei Tiam. Lim is a banker for 20 years. Other shares of great success by Lim was Super Enterprize (Up 200% & taken private), Kheesan & Pohuat (also up 200%) Lim is 2nd Top holder of Pohuat.

Tan Chong Koay has 3 separate Pheim Funds in Top 30 shareholders of L&G. Pheim recently made 200% from Penta from its price surge.

Coming in at

Top 12. Citigroup Nominees (Asing) Sdn Bhd CEP for PHEIM SICAV-SIF

7,512,400 (PHEIM has 7.5 million L&G shares)

Coming in at Top 22. HSBC Nominees (Asing) Sdn Bhd And Co Boston for PHEIM Asean Equity Fund (TCSB)

3,379,000 (PHEIM Fund at Top 22 with 3.379 million shares)

Coming in at Top 30 CIMB Group Nominees (Tempatan) Sdn Bhd PHEIM Asset Management Sdn Bhd for Progressive Insurance Berhad (A/C231)

2,521,000 (Again at Top 30 PHEIM chose to invest 2.5 million L&G shares for Progressive Insurance

Why is Tan Chong Koay so bullish on L&G? Tan Chong Koay made a chun chun call in Pentamaster from Rm1.20 to over Rm3.70 (up 200%)

Can we expect L&G to go up 100% or 200%?
08/01/2019 11:29
Toriq 7) L&G share price has fallen to multi year low of 21.5 sen – Its downside is well cushioned by 9% dividend yield & high NTA. And with coming good prospects of Tg Malim BOOM Due to GEELY manufacturing its World Champion SUV called LYNK 01 for export to ASEAN 10 nations of 620 millions & over 100 countries worldwide there will be a spillover boom for L&G’s over 2,600 acres prime lands here.

Please invest your hard earned monies after due diligence

Best regards & cheers

Calvin Tan

Singapore

Note:

L&G is now controlled by Mayland. Mayland is a very successful developer of STRATEGIC PROPERTIES IN STRATEGIC LOCATIONS.

Mayland did very well even in recession years due to its

1) Strategically located Condos in Prime Locations

2) Excellent & Unique Design & Features with a touch of Class

3) Priced very competitively to sell fast!

See this Condo in Johor completed in Year 2002 (during bad times) & yet ALL SOLD OUT



SUCCESS BEGETS SUCCESS

ALL SOLD OUT DUE TO LOCATION, DESIGN & ATTRACTIVE & UNBEATABLE PRICES!

That will be the forte of L&G or LAND & GOLD

Good luck!
08/01/2019 11:29
POORDAD CNY come already.. huat ar!
09/01/2019 15:34
Dakewlest I bought today. Any TP?
09/01/2019 18:47
Dakewlest Finally bought this stock.
09/01/2019 21:40
Sales Cash rich stock, can easily go up to 0.40.
10/01/2019 10:32
POORDAD my short term TP is back to 0.19 sen pre-div last couple mths.
10/01/2019 12:52
Sales This stock a lot of people hold between 0.30-0.40.
10/01/2019 16:51
ampabella char toh...i sangkut at 30cts for many many year oreli
11/01/2019 21:58
Eric Fong avarage price at 40cents :(
12/01/2019 01:56
POORDAD i bought in at 42 sen many yrs ago, read the news about the rights issues then dumped it. lost few k.

waited until drop to 19 sen, then bought, but sold before ex-div date (19.5sen) as no confidence this counter to recover from the post ex-date.

plunge to 13.5sen didnt buy :(
14/01/2019 10:44
Dakewlest Anyone buying more?
22/01/2019 12:36
tanhy123 Gov steps in to rescue property market. Will L&G participate in the coming property fair?
It's Astoria Ampang and Damansara Seresta have poor sales.
08/02/2019 21:37
amet2017 Its not step to rescue property market ler, tp rescue 'friends' i.e developer ler. When the property market was hot, developers oledi hantam profit kaw2. Now got help from gomen somemore. Rakyat will always be on the losing side
08/02/2019 21:41
tanhy123 It is not only about developers, it will have ripple effects to all other industries like steel producer, construction, raw material, banking etc.
09/02/2019 10:40
Muarmali It is unfair and illegal for the government to rescue the developers. All the bail-out and rescue are illegal.
11/02/2019 11:17
tanhy123 Someone always buy 1 lot in the last 10min to artificially support the price at 0.155.
19/02/2019 21:20
19/02/2019 21:31
freddiehero make the road look wan fly haha
19/02/2019 21:32
tanhy123 Again last min buy 1 lot to push up
20/02/2019 19:23
tomanhead Everyday up 0.005 ok waht....
20/02/2019 19:53


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