STRONG FUNDAMENTALS GROWING STRONGER.
INCREASING PROFITS UPTREND TO CONTINUE EVERY SEQUENTIAL QUARTERS WITH THE COMING 1Q RESULTS REPORTING NEXT WEEK TO BE EXCELLENT (AGREEING WITH THE FINDINGS OF A READER WHO ATTENDED THE RECENT AGM).
SUPPORTED BY VERY SUCCESSFUL SALES OF ALL ONGOING PROJECTS ESP TWY AND STAR RESIDENCES LOCATED IN PRIME AREA NEAR PETRONAS TWIN TOWERS.
LAST DAY TO BUY CUM 3 SEN DIVIDEND IS THIS FRIDAY (1/9. EX D 4/9)

HIGHER DIVIDENDS TO ACCOMPANY BETTER PROFITS. DIVIDENDS WILL NORMALISE BACK UP TO 5 SEN IN COMING FY2018 (STARTING NEXT WEEK) WHERE WE CAN EXPECT A COMBINATION OF CASH DIVIDENDS AND FREE TREASURY SHARES DISTRIBUTION

....."PROTON CITY PLANT" IN TG MALIM

WILL HOLD FOR LONG TERM AS THE NEW PROTON CITY IN TG MALIM WILL TAKE A FEW YEARS TO BE BUILT AND SET UP (re: Transport Minister speech)

P.E. 38x - 29x ARE EXTREMELY HIGH (VERY LOW EPS)

NEED TO CONSIDER THIS.
IF AFB IS REALLY GOOD, THEN WHY DID ITS OWNERS WANT TO SELL IT IN THE FIRST PLACE?

BRAIN. YOUR HIGHLIGHTS ON THE LATEST Q RESULTS WERE VERY INFORMATIVE AND USEFUL . THANKS

DOW NOW DOWN FURTHER BY 180 POINTS

GETTING WORRIED OVER SHARP FALLS IN OVERSEAS MARKETS DUE TO BEING TOPPISH AT ALL TIME HIGHS PLUS INCREASING POLITICAL/MILITARY/ECONOMIC HEADWINDS.
DOW NOW DOWN 150 POINTS

LAST 4Q PROFIT AT RM7.8M WAS A BIG JUMP UP FROM ITS LAST YEARS CORRESPONDING RM0.6M. ITS COMING 1Q WILL SEE HIGHER EARNING GROWTH. AT A REASONABLE P.E. OF 15x (FYE 31/5/17 EPS OF 2.22 SEN) ITS FAIR VALUE PRICE SHOULD BE 33 SEN (AGAINST ITS PRESENT PRICE OF 28.5 SEN)

UNDERVALUED COUNTER WITH SOUND FUNDAMENTALS. ON A RAPID GROWTH UPTREND. ITS MAIN CATALYST IS ITS AMPANG UKAY RM5B PROJECT. ITS 1ST PHASE WAS SOLD OUT. PRIME LOCATION ONLY 7 KM FROM ICONIC PETRONAS TWIN TOWERS. A SORT 10 MINUTES DRIVE. ROBUST GROWTH IN ITS QUATERLY RESULTS AND PROFITS.
NEXT CATALYSTS INCLUDE ITS COMPLETION OF ITS SALE OF 1SEGAMANT MALL FOR RM104M CASH TO A LISTED REITS COMPANY. EXTRAORDINARY GAIN TO BE RECOGNISED IN ITS COMING QUARTERLY PROFITS. ALSO THE UPCOMING LAUNCH OF ITS J/V RM400M HIGH END PROJECT IN BUKIT DAMANSARA WITH IGB.

ALEX FOO. NO. I AM NOT INTO GOLD TRADING.
NOW MAINLY IN CASH
FOR HENGYUAN ITS SIGNIFICANT TO READ SOME CONTRARIAN VIEWS (EG 2Q EPS 0.19 SEN AND THE ABOVE NEGATIVE CASH FLOW ANALYSIS ) AGAINST THE TIDE OF BULLISH
FORECASTS AND BUY CALLS.
PERSONALLY I FIND THE FOLLOWING PREVAILING SITUATIONS SCARY (AT LEAST NOT CONDUCIVE OR SAFE ) TO INVEST IN EQUITIES :-
1)WORLD BOURSES AT RECORD HIGHS
2)NOW IN THE 11TH YEAR ANNIVERSARY OF THE LAST MARKET CRASH (2008). PLUS THE NOTED "CRASH CYCLES EVERY 10 YEARS". MOST AGREE THIS WILL BE ONLY A MATTER OF TIME. NEGATIVE CATALYSTS ESP CENTRAL INTEREST RATE HIKES N TIGHTENING.
3)BURSA IS NOW IN AN EXTREMELY EXCITED STAGE WITH LOTS OF STOCKS CHURNING AMIDST BUY CALLS TO "SAILANG".
4) INCREASING "FALSE CALLS/TIPS TO BUY CERTAIN COUNTERS ONLY TO SEE THEIR SHARE PRICES TUMBLING DOWN AFTER THE FIRST 10 MINUTES OF TRADING. WHAT DID THESE IMPLY?
5)MANY GEO-POLITICAL AND ECONOMIC HEADWINDS, INCLUDING THE NORTH KOREAN CRISIS AND THE INCREASINGLY LIKELIHOOD OF TRADE WARS

I AM JUST TAKING A STEP BACK TO HAVE A REALISTIC AND SOBERING RE-LOOK AT OUR BURSA. I THINK I AM RIGHT TO BE VERY WORRIED. THE RISKS/REWARDS RATIOS ARE JUST NOT WORTH IT.

(PURELY SPEAKING FOR MYSELF AND EXPRESSING MY OWN PERSONAL THOUGHTS AND OPINIONS. NO CALLS TO BUY OR SELL ANY SHARES. ETC)

ARE THE WORLD STOCK MARKETS (INCLUDING BURSA)IN DANGER OF A BIG CORRECTION? OR EVEN A TREND REVERSAL? OR BECOME A BEAR MART?
IN SUCH A SCENERIO ALL SHARE PRICES , INCLUDING FUNDAMENTALLY GOOD ONES WILL FALL. EVEN BLUE CHIPS CANNOT ESCAPE. GOOD SHARES WITH LOW P.E.s CAN ALSO BE HIT

3 risks to consider before investing in Hengyuan
Author: boostmy | Publish date: Mon, 31 Jul 2017, 01:36 PM

3) Hengyuan Shandong’s low entry price

What is curious to us is not Hengyuan’s ability to purchase the 51% stake at RM1.92 but why Shell is willing to part with its stake at such a steep discount.

After all, Shell is a listed multinational and it is answerable to its shareholders. Surely, the disposal price must be justified. Obvious reasons could be its unwillingness to invest further, which begs further questions on the viability of these investments. Royal Dutch Shell has been in the industry for decades, most likely, they know what they are doing.



https://boost.my

THIS 3RD RISK WORRIED ME THE MOST

UNDER THE ABOVE CALL WARRANT CONDITIONS WILL BE BETTER TO KIV CBIP UNTIL ITS SEVERAL CALL WARRANTS WITH NEAR TERM EXPIRY DATES HAD BEEN RESOLVED FIRST?

CALVIN.
LEARNT THAT SHARE COUNTERS WITH CALL WARRANTS HAVING NEAR TERM EXPIRY DATES SHOULD BE AVOIDED BCOS THE CALL WARRANTS ISSUERS WILL ALWAYS SELL DOWN THE UNDERLINING MOTHER SHARES IN ORDER TO WIN AGAINST THE CALL W HOLDERS UNDER THEIR CASH SETTLEMENT FORMULAE.
I HAD PERSONALLY SEEN MOTHER SHARES BEEN INTENTIONALLY DEPRESSED IN THIS WAY.
CBIP HAS SUCH CALL WARRANTS.
YOUR VIEWS PLSE

Nemesis.
SYMLIFE HAS STRONG FUNDAMENTALS.
ALL ITS ONGOING PROJECTS ARE SELLING WELL. ESPCIALLY ITS STAR RESIDENCES.
ITS UNBILLED SALES IS MORE THAN RM1.2B BY NOW. ITS SEQUENTIAL QUARTERLY RESULTS WERE GOOD N GROWING ROBUSTLY. NTA IS ABOVE 2.14. PLUS A BIG LANDBAMK IN SG LONG WHICH IS OWNED AT VERY LOW COST.
AGM N ITS 3 SEN DIVIDEND IS COMING IN 2 TO 3 WEEKS TIME.
SO WE HAVE MANY POSITIVES INCLUDING A CUSHION OF 3 SEN DIVIDEND.
AT 0.905 IT IS AN ATTRACTIVE PRICE.
AGREE WITH YOUR VIEW "THOSE WHO AIM TO COLLECT IT AT LOW PRICES MUST ALSO LIKE SYMLIFE AND WILL PUSH UP ITS PRICE AFTER THEY HAD ACCUMULATED ENOUGH.
HENCE ITS PRICE SHOULD REBOUND UP IN THE NEXT FEW WEEKS ESOECIALLY WITH AGM N DIVIDEND EX DATES SO NEAR

karma will punish them

"Karma" will take care of such people

THIS B***** USED TO SAY HOW GOOD SYMLIFE IS. AND HOW UNDERVALUED IT IS.

SOME PEOPLE HAVE SELFISH ULTERIOR MOTIVES

GOOD BUYING OPPORTUNITY
1Q PROFITS ALTO UP 6.6% COULD HAVE BEEN MUCH BETTER IF NOT FOR THE ADDITIONAL NPL/GIL OF RM200M PROVIDED FOR 1 REAL ESTATE AC (WHICH IS ACTUALLY PERFORMING BUT TECHNICALLY CLASSIFIED IN 1Q AS IT WAS IN THE PROCESS OF RESTRUCTURING & RESCHEDULING (R&R). IF THIS AC CONTINUES TO PERFORM BY MEETING ITS OBLIGATIONS UNDER ITS R&R (I.E. WITHIN THE 6 MONTHS OF 1Q AND 2Q) IT WILL BE DECLASSIFIED. AFFIN BANK WILL BE ABLE TO REDUCE ITS NPL/GIL BY RM200M (by 21.6%)AND ALSO WRITE BACK ITS PROVISIONING FOR THIS AC INTO ITS PROFIT AC. (THIS AC IS ALREADY PERFORMING BEFORE ITS R&R. WITH THE BANK’S MORE ACCOMODATING TERMS UNDER THE R&R IT WILL BE EVEN EASIER TO CONTINUE TO PERFORM. HENCE WE CAN EXPECT AFFIN’S 2Q RESULTS (TO BE RELEASED SOON) TO BE VERY GOOD.
(attached herewith relevant report by HL Investment Bank:-
Affin Holdings - Clear the air on asset quality
Author: HLInvest | Publish date: Wed, 31 May 2017, 09:54 AM
________________________________________
Highlights/ Comments
• Hosts briefing. Affin organized conference call post-1Q17 briefing. To recap, Affin’s 1Q17 net profit of RM123.2m (+6.6% YoY, -30.4% QoQ) was broadly in line with expectations but with rising absolute NPL by +21.6% QoQ.

• Spike in NPL explained. Management explained that the spike in NPL was caused by one specific real estate account located in Klang Valley worth RM200m that was classified under restructured and rescheduled (R&R). To note, the R&R account is classified under impaired loans despite the account still performing. The R&R loans will be reclassified as non-impaired with provisions written back if the borrowers continue to service the loans timely within these six months. In the case of Affin, the particular R&R account is fully collateralized and does not required additional provision. Excluding this account, Affin’s NPL would have declined by 5.5% QoQ, lowering GIL to 1.54% from 2.0%.
• Higher opex temporary. This is rather a seasonal issue as Affin booked various one-off related costs such as IT and Affinity. For instance, the additional 200 headcounts since last year had spiked its personnel cost. For establishment cost, the change in IT vendor will lead to cost saving for Affin to the amount of RM3.5m/month, translating into RM24.5m for FY17 alone. Management guided that such savings will lead to lower CTI in the region of 58% by end of FY17 from 66.4% currently.
• Steady NIM. Despite higher cost of funds by 40bps YoY, Affin’s NIM accelerated by 13bps to 1.97%. This is chiefly driven by higher loans yield. Recall that Affin had replaced RM1.6bn loans with higher yield loans.
• Loan growth intact. Still eyeing 8% loan growth, which will be driven by both retail and SME segment. Management admitted that it is now playing a catchup game with other banks in the SME segment. Nevertheless, it is making swift progress in attracting SME players to achieve its targeted loan growth.

SYMLIFE'S DIVIDEND RECORDS SHOWED IT HAD PAID 5 SEN DIVIDENDS PLUS FREE TREASURY SHARES DISTRIBUTIONS.
WITH INCREASING PROFITS WE CAN SEE ITS DIVIDENDS NORMALISED BACK TO 4 TO 5 SEN PER YEAR.
IT NOW ALSO HOLDS 438,329 TREASURY SHARES WHICH CAN BE DISTRIBUTED ATTHE RIGHT TIME

GREAT BUYING OPPORTUNITY WITH LOW COST PRICE LESS BY ANOTHER 3 SEN
(CUM CASH DIVIDEND OF 3 SEN.EX DATE 3/9/17)

STRONG FUNDAMENTALS AND REGISTERING BETTER RESULTS EACH SEQUENTIAL QUARTER. PROSPECTS GOOD WITH ALL ITS ONGOING PROJECTS DOING WELL.
ITS STAR RESIDENCES CLOSE TO THE ICONIC PETRONAS TWIN TOWERS IS A HUGE SUCCESS

AGREE WITH nemesis's

ACTUALLY ONLY 1x100 SHARES (OR A FRACTION OF 1 LOT) WAS TRANSACTED AT THE PRICE OF 0.90 YESTERDAY.

A FRIEND TOLD ME TO EXPECT A MUCH BETTER 1Q RESULTS WITH REVENUES, PROFITS AND UNBILLED SALES ALL RECORDING STRONG PERFORMANCES.
HE SAID THAT ITS 4Q (FYE31/3/2017) RESULTS MISSED CAPTURING A LARGE PORTION OF UNBILLED SALES ESPECIALLY FROM ITS STAR RESIDENCES PROJECT DUE TO TIMING OF RECEIPTS ISSUES. HOWEVER SUCH BILLINGS/COLLECTIONS FELL INTO ITS 1Q RESULTS.HENCE ITS 1Q RESULTS TO BE RELEASED IN THE NEXT 2 WEEKS WILL SEE A BIG JUMP ON BILLINGS BEING RECOGNISED AS REVENUES AND BOOKED AS PROFITS
SCRUTINISED THE LATEST ANNUAL REPORT AND REVIEWED ALL THE MARKET NEWS AND CONFIRMED THAT SYMLIFE’S SALES PERFORMANCES IN ALL ITS ONGOING PROJECTS ARE INDEED PERFORMING VERY WELL.
ALL THE FACTS POINT TO A VERY GOOD 1Q RESULTS TO BE RELEASED SOON

BRIDGING LOANS FROM BANKS ARE SECURED BY THE LAND TITLE ON WHICH THE HOUSING PROJECT WILL BE BUILT. TO FINANCE THE DEVELOPER TO BRIDGE THE TIME GAP BETWEEN THE LAUNCHING OF EACH PROJECT AND ITS SALES/COMPLETION. WHEN THE UNITS ARE SOLD, THE SALES PROCEEDS WILL BE USED TO REDEEM THEIR TITLES AMD RELEASED TO THE RESPECTIVE PURCHASERS OR THE END FINANCING BANKS. HENCE EACH BRIDGING LOAN WILL BE SHORT TERM AVERAGING 3 YEARS AND WILL BE SELF- LIQUIDATING AS DESCRIBED ABOVE.

HENCE WE CAN EXPECT ITS GEARING TO BE PROGRESSIVELY REDUCED AS THE VARIOUS PROJECTS PROGRESS TOWARDS THEIR COMPLETION.
WITH UNBILLED SALES AT A ROBUST 1.2B ITS DEBT LEVEL IS RELATIVELY QUITE SMALL.

GOOD NEWS SOON

PROPERTY COMPANIES USUALLY TAKE BRIDGING LOANS SECURED BY THEIR DEVELOPMENT LANDS. SUCH LOANS WILL BE SETTLED UPON THE LAUNCHING OF THE PROJECTS WITH THEIR SALES PROCEEDS USED AS SETTLEMENTS TO REDEEM THE TITLES (WITH THEIR SUB-DIVIDED TITLES TRANSFERRED TO THE HOUSE PURCHASERS)

SYMLIFE HAS A LOT OF GOOD LANDED ASSETS WHICH ARE UNDERVALUED.
IT ALSO HAS MANY ONGOING PROJECTS TO DEVELOP SUCH LANDS AND ALL ARE SELLING VERY WELL DUE TO GOOD LOCATIONS. WITH UNBILLED SALES EXCEEDING 1.2B WHICH ARE BEING PROGRESSIVELY RECEIVED THESE REVENUES WILL SETTLE ALL ITS BORROWINGS.
ITS NEXT QUARTERLY RESULTS WILL SEE HIGHER REVENUES, BETTER PROFITS AND LOWER GEARINGS

CASH HOLDINGS >500M IS CORRECT.

ALL ONGOING PROJECTS ARE SELLING WELL(ESPECIALLY STAR RESIDENCES DUE TO ITS PRIME LOCATION CLOSE TO PETRONAS TWIN TOWERS. GREAT DEMAND FROM FOREIGN BUYERS. RICH/BIG PROFIT MARGINS HERE)
ITS COMING QUARTER'S RESULTS/PROFITS WILL BE MUCH BETTER.
HENCE ITS OK TO SLIGHTLY DEFER THE DEVT OF ITS SG LONG LANDBANK (DUE TO THE GOVERNMENT'S ACQUISITION OF SOME SOME PORTION OF IT FOR A HIGHWAY WHICH WILL BOOST THE LANDS' ACCESSIBILITY AND VALUE. PLUS TO AMEND ITS MASTERPAN FOR A BETTER TOWNSHIP.

ALL THE FUNDAMENTALS ARE STRONG AND GROWING.
RELATIVELY LOW ENTRY PRICE.
WILL GRADUALLY GO UP

ANYWAY I AM JUST AN ORDINARY (SMALL) INVESTOR MAKING SIMPLE COMMENTS ON THE SHARE MARKET. NOT TECHNICALLY QUALIFIED FOR SOPHISTICATED ANALYSIS.
HENCE I HUMBLY ADMIT MY VIEWS WILL NOT BE ABLE TO INFLUENCE ANY INVESTOR

USUALLY I REFRAIN FROM MAKING ANY DIRECT CALLS ON ANY SHARES.
I WILL LOOK FOR BOTH THE MERITS AND DEMERITS OF EACH COUNTER AND COMMENT ACCORDINGLY. EG. I INITIALLY DISPUTED THE NTA OF 58 SEN AS PUT FORWARD BY CALVIN. U CAN CHECK MY EARLIER POSTINGS ON THIS ON THE BASIS THAT ITS SHARE BASE BEING ENLARGED BY ITS 8:5 RI. I ALSO PUT FORWARD MY VIEWS THAT ITS 2 SEN DIVIDEND MAY NOT BE SUSTAINABLE DUE TO ITS DILUTION BY ITS RI.
HENCE I DO HIGHLIGHT BOTH THE POSITIVE AND NEGATIVE FACTORS RELEVANT TO A PARTICULAR COUNTER.

AS A MATTER OF PRINCIPLE I DON'T LIKE TO BE PERSONAL WHEN COMMENTING ON OTHER READERS. EVERYONE IS ENTITLED TO HIS OWN VIEWS AND OPINIONS. WE DON'T HAVE TO AGREE OR FOLLOW THE VIEWS OF OTHERS. EACH SHOULD USE HIS OWN JUDGEMENTS WHEN DECIDING. BUT I THINK SOME PEOPLE GOT CAUGHT WITH TROPICANA SHARES. TOO BAD

THANKS Invest33. LATEST ARTICLE POINTING TO THE NEXT BOOM TOWNSHIP OF TG MALIM BOOSTED BY THE EXPANSION OF CHINA GEELY LED PROTON CITY THERE.
VERY BULLISH FOR L&G'S 2474 ACRES OF LANDBANK THERE (OWNED AT VERY LOW COST/BOOK VALUE OF ONLY 44 SEN PSF

SUCH LOW COST OWNERSHIPS OF STRATEGICALLY PRIME LANDBANKS ARE REAL POTENTIAL GOLD MINES. PROMISING PROSPECTS OF GOOD FUTURE PROFITS AND SPECIAL DIVIDENDS PAYOUTS IN ADDITION TO ITS SUSTAINABLE 2 SEN YEARY NORMAL DIVIDENDS (9.1% DY)

AGREED. NTA UNCHANGED AT 58 SEN . STILL VERY CONSERVATIVE AND UNDERSTATED BASED ON HUGE LOW COST OWNERSHIPS OF ITS BIG STRATEGICALLY LOCATED LANDBANKS. PROSPECTS FOR UPWARD REVISIONS OF ITS NTA ARE REAL UPON SALES OF SUCH LANDS AT CURRENT HIGHER PRICING OR TURNED INTO GDV/REVENUES/PROFITS/CASH

NEAR TERM CATALYSTS:-
1) ANNOUNCEMENTS ON DATES FOR AGM AND DIVIDEND PAYMENT (IN THE
7 TO 10 DAYS)
2) 1Q RESULTS WHICH WILL BE GOOD/BETTER WITH HIGHER UNBILLED SALES AND IMPROVED PROGRESSIVE RECEIPTS ESPECIALLY FROM ITS SUCCESSFUL STAR RESIDENCES
3) MORE POSITIVE NEWS UPDATES ON ITS SG LONG LANDBANK

NTA 58 SEN CONFIRMED BY YAHOO FINANCE BASED ON ENLARGED CAPITAL BASE BCOS OF THE RI CASH BACKING AND ITS ACQUISITIONS OF LANDED PROJECTS AND LANDBANKS ARE BELOW CURRENT MARKET CONSIDERATIONS.

I HAD CHECKED FROM YAHOO FINANCE

ANYWAY L&G'S CURRENT NTA IS STILL CONSERVATIVE STATED GIVEN ITS HUGE LANDBANKS OWNED AT EXCEPTIONALLY LOW COSTS

ITS 2 ONGOING PROJECTS DIAMOND CITY PLOT 1 AND PLOT 2 WITH GDV OF RM1.33B HAD ALREADY SOLD >80%.
HENCE ITS NEXT Q RESULTS WILL BE GOOD

STRONG FUNDAMENTALS (AND GROWING STRONGER)
1) CASH BACKING PER SHARE 16 SEN
2) HIGH DIVIDEND YIELD (DY) 9.1% (2 SEN YEARLY)
3) ALMOST ZERO GEARING (ALMOST NO BORROWINGS)
4) HIGH NTA OF 58 SEN (VERY CONSERVATIVE BASED ON ITS VERY LOW COST OWNERSHIP OF 2474 ACRES OF LANDBANK ON THE OUTSKIRTS OF TJ. MALIM (1 HOUR FROM KL) WHICH IS FAST BECOMING A BOOMING TOWNSHIP WITH THE BIG EXPANSION OF PROTON CITY BY CHINA AUTO GIANT GEELY J/V PARTNERSHIP WITH DRB-PROTON). Book value only RM0.44 sen psf compared to Banks’ valuation of at least RM3.00 psf.
IT ALSO OWNS 137 ACRES OF LAND IN SERENDAH/RAWANG OWNED AT LOW COST OF 81 SEN PSF.
OTHER STRATEGIC LANDS OWNED INCLUDE ITS PLENTONG JB LAND RIPE FOR FAST DEVT BEING CLOSE TO THE BIG OUTLETS OF AEON AND IKEA BUILT THERE.

CRITICAL FACTORS/CATALYSTS TO LOOJK FOR IN STOCK SELECTIONS
(L&G HAS ALL THESE )
1) GOOD FUNDAMENTALS WITH STRONG UNDERLYING ASSET BACKINGS (CASH PLUS TANGIBLE LANDED ASSETS WHICH ARE STILL VERY UNDERVALUED SO THAT THERE WILL SUSTAINABLE DIVIDEND PAYOUTS PLUS BUSINESS GROWTH IN FUTURE AS VALUABLE LAND ASSETS ARE SOLD AT CURRENT MARKET PRICES OR DEVELOPED
2) LOW SHARE ENTRY PRICE OF 0.23
(SAFE AND AFFORDABLE AND WITH HIGH POTENTIAL RETURNS)

FUTURE QUARTERLY RESULTS WILL BE SUPPORTED BY THE 2 ONGOING DIAMOND CITY PLOT A AND PLOT B PROJECTS WITH A COMBINED GDV OF RM1.33B GDV. >80 SOLD. THEIR STRONG UNBILLED SALES WILL TRANSLATE INTO REVENUES AND PROFITS AS SALES PROCEEDS ARE PROGRESSIVELY RECEIVED AND RECOGNISED.

MOST IMPORTANT TO KNOW :- L&G IS CASH RICH AND HAS ALMOST ZERO GEARING (ALMOST NO BORROWINGS)

CALVIN HAD PROVIDED A VIDEO ON THESE 2 DIAMOND CITY PROJECTS. IMPRESSIVE.

THE 2 ONGOING PROJECTS DIAMOND CITY LOT A AND LOT B ARE ALREADY >80% SOLD.

UNDER THE ABOVE HEADLINES IN THIS I3FORUM FOR L&G THERE WAS A POSTING BY :

L&G RM335 related party purchases
Author: lkoky | Publish date: Wed, 16 Nov 2016, 09:20 AM

THE INFO PROVIDED SERVED TO CONFIRM THE ACQUISITIONS HAD GREATLY INCREASED THE VALUES OF L&G'S TANGIBLE ASSETS AND ITS FUTURE EARNINGS
(plse study his Chart and his positive comments)


I WISH TO ADD THE FOLLOWING COMMENTS:

POSITIVE INDICATIONS OF GOOD REVENUES AND PROFITS IN THE COMING QUARTERLY RESULTS:
EARNINGS VISIBILITIES CAN BEE SEEN IN THE ABOVE GDV OF 4.2B (excluding future devt of its other huge landbanks owned at very Low Costs) near Tg. Malim & Serendah) AS UNBILLED SALES PROGRESSIVELY RECEIVED FROM END FINANCIERS ARE RECOGNISED AS REVENUES AND PROFITS


WITH FUTURE QUARTERLY EARNINGS GOINGING BE GOOD ITS HIGH 9.1% DIVIDEND YIELD (2 SEN YEARLY) WILL CONTINUE.
SUSTAINABLE EARNINGS + CASH HOARD OF 464M(CASH BACKING OF 16 SEN PER SHARE) + ALMOST ZERO GEARING = REMAINING IN A CASH FLUSH POSITION)

L&G: DEEPLY UNDERVALUED AT CURRENT SHARE PRICE OF 22 SEN
WHEN IT HAS AT LEAST 2 HUGE LANDBANKS WHICH ARE WORTH MUCH MORE THAN THEIR BOOK VALUES

AND WHEN ITS HAS 3 SOLID MARGINS OF SAFETY :-


(1) CASH BACKING OF 16 SEN PER SHARE (AGAINST SHARE PRICE 0.22)
(2) HIGH/SOLID NTA OF 0.58 (AGAINST SHARE PRICE OF 0.22)
(3) SUSTAINABLE HIGH DIVIDEND YIELD OF 9.1% (2 SEN )

(1). RI RAISED 378M PLUS EXISTING CASH HOARD 383M(as at 31/12/17) = 761M. BUT ONLY USED 297M TO PAY FOR THE 4 PROPERTIES ACQUIRED. LEAVING NET CASH BAL 464M.
464M/2.92B SHARES = 16 SEN CASH BACKING PER SHARE

(2) 2) NTA OR NET TANGIBLE ASSET 58 SEN.
(YAHOO FINANCE WEB SHOWED L&G’S NTA REMAINING AT 58 SEN BASED ON ITS LATEST INCREASED CAPITAL BASE OF 2.92B SHARES. SHOULD BE CORRECT BCOS THE 8:5 RI RAISED HARD CASH WHICH REPRESENT ADDITIONAL CASH BACKING FOR THE INCREASED NUMBER OF SHARES FROM RI.
AND EVEN IF A LARGE PORTION OF THE RI CASH WERE USED TO BUY THE 4 NEW LANDED PROPERTIES SUCH PROPERTIES ARE REAL TANGIBLE ASSETS WITH SOLID VALUATIONS BCOS THESE WERE BOUGHT AT SPECIAL OFFER PRICES AS THE SELLERS WAS CHINA BASED COUNTRY GARDENS WHICH NEEDED TO SELL THEM IN ORDER TO RAISE MORE CASH TO MANAGE ITS ISKANDAR FOREST PROJECT WHICH WAS AFFECTED BY THE CHINESE GOVERNMENT’S CAPITAL CONTROLS WHICH PREVENTED ITS PURCHASERS FROM REMITTING FUNDS FOR PAYMENTS. HENCE THE MARKET VALUATIONS OF THESE 4 NEW PROPERTIES ARE INTACT. IN FACT ARE WORTH MORE SINCE BOUGHT BELOW CURRENT MARKET VALUES.
IN FACT ITS CURRENT NTA OF 58 SEN IS GROSSLY UNDERVALUED/UNDERSTATED AS IT OWNS LARGE LANDBANKS IN KERLING NEAR TANJUNG MALIM WHERE THE NEWLY RE-INVIGORATED PROTON/DRB TIE-UP WITH CHINA’S LEADING AUTO COMPANY GEELING HOLDINGS (WHICH OWNS VOLVO AND LOTUS ) WILL EMBARK ON A BIG EXPANSION OF THE PROTON CITY IN T. MALIM. GEELING IS THE HUGE CATALYST WHICH WILL MAKE TANJUNG MALIM INTO A FAST BOOMING TOWN AS IT ATTRACTS 70 AUTO VENDOR FACTORIES TO RELOCATE TO T. MALIM. WILL ALSO PULL IN 70,000 STAFF PLUS THEIR FAMILIES TO MOVE THERE. THERE WILL BE GREAT ECONOMIC AND BUSINESS GROWTH IN T.MALIM WITH SIGNIFICANT POSITIVE SPILL OVER IMPACTS ON THE LAND VALUES SURROUNDING T.MALIM. L&G’S 2474 ACRES OF LANDBANK IN KERLING, JUST ON THE OUTSKIRTS OF T.MALIM WILL RECEIVE A BIG BOOST IN ITS VALUATION BCOS L&G’S BOOK VALUE IS ONLY 44 SEN PSF WHEN ITS CURRENT MARKET VALUES BASED ON BANKS’ VALUATION IS 3.00 PSF AND ABOVE.


(3) SUPPORTED BY ITS VERY HIGH DIVIDEND OF 2 SEN EACH YEAR (DIVIDEND YIELD 9.1%)
GRANTED THAT ITS RECENT RI IS DILUTIVE. BUT THERE ARE SOLID FACTORS WHICH WILL ENABLE L&G TO CONTINUE PAYING 2 SEN IN FUTURE.
REASONS :-
(A)ONE GOOD THING ABOUT CASH D. IT TREATS ALL SHAREHOLDERS EQUALLY AND FAIRLY. EVERYONE RECEIVES THE SAME QUANTUM (WHETHER MAJOR SHAREHOLDERS OR MINORITY SHAREHOLDERS. THE MAIN SHAREHOLDERS WILL BENEFIT GREATLY AND WILL THEREFORE CONTINUE PAYING THE HIGH D.

L&G IS VERY CASH RICH. LOTS OF FREE CASH FLOWS BCOS THE 4 NEW PROPERTIES ARE ALREADY CONVERTED FOR HOUSING DEVT N HENCE NO NEED TO INCUR HIGH CAPEX FOR CONVERSION FEES, THE QUANTITY SURVEYOR N LAWYERS FEES. MOREOVER THE DIAMAND PROJECT IS ALREADY HAVING A STREAM OF CASH RECEIPTS FROM THE BANKS FINANCING THE PURCHASERS




(B)CASH BACKING PER SHARE 16 SEN (AGAINST SHARE PRICE OF 22 SEN) BASED ON ITS ESTIMATED CASH HOARD OF 464M
(C)ALMOST ZERO BORROWINGS

THE COMPLETION OF ITS SALE OF 1SEGAMAT MALL FOR 104M CASH WILL BE BOOST ITS PROSPECTS

4Q RESULTS AND PROFITS TO BE RELEASED BEFORE MONTH END WILL BE VERY GOOD
BASED ON THE COMPLETION OF ITS HIGH END IPOH PROJECT, THE GOOD SALES ACHIEVED FOR ITS 1ST PHASE AMPANG-UKAY PROJECT PLUS THE UPWARD REVISION OF LEASE RENTAL RATES FOR ITS SOUTH CITY MALL AT SRI KEBANGAN KL

ANNOUNCED 3Q RESULTS WERE GOOD
COMING 4Q RESULTS (BASED ON ANNOUNCED MONTHLY REPORTS FOR THESE 3 MONTHS ) WERE BETTER.

DERIVES MOST OF ITS REVENUES AND PROFITS FROM ITS CORE OIL PALM PRODUCTS.
ADDITIONAL REVENUES FROM ITS TIMBER ASSETS ARE SATISFACTORY FOR ITS 3Q. TIMBER BASED REVENUE FOR THE COMING 4Q REMAINS INTACT AS THE HIGHER TIMBER TAX IS W.E.F. FROM 1/7/17 (AFTER ITS 4Q FROM APRIL TO JUNE 2017)

HENCE TIMBER TAX NOT AN ISSUE FOR ITS COMING 4Q RESULTS.
EVEN FOR THE NEXT FINANCIAL YEAR ENDING JUNE 2018, THE IMPACT OF HIGHER TAX COST WILL BE QUITE MINIMAL BCOS TIMBER IS NON CORE AND ONLY CONSTITUTE A SMALL % OF ITS TOTAL REVENUES