The only logistics company close at red today

Why Capesize freight rate up so much but the smaller bulks barely move?

Harbour just announced good QR result due to higher freight rate enjoy by its shipping and marine unit.

Maybulk only has 3 Panamax, 1 Supramax and 1 Handysize after selling of 2 old ships. Should focus on the individual freight rates.

@warchest Any estimate on how much worth of the property going to hand over in coming quarter?

Just stay calm, nothing change fundamentally.

https://www.land-general.com/2021/09/16/lg-poised-for-solid-sales-in-fy22/

The catalyst of L&G is the service apartment project at Sri Damansara near MRT2 with super low land cost. It is planned for launching in Q3 2021, but delayed to Q2 2022 due to COVID-19. Good news is that management informed in AGM that the tower stations at the site have been moved further away from the development site.

Most of the property companies have a lot of discounts for stock price vs assets, but it did not mean much provided that company able to sell the asses. The only way to monetize the assets are to sell them or work with different operators.

The marker value for the plot of land at Sri Damansara Club redevelopment is 175 mil

Anyone attending coming AGM on Wed? I am going to ask them about the progress of Sri Damansara Club redevelopment.

Freight rate expected to go up towards the end of year, typical peak season. The rate hike is due to congestion at ports which will not alleviate in short term due to Delta variant.

Sharonchong, may I know which website you view the latest BDI?

Pictures of KLS mall is here, taken by someone in Dec 2019 https://photos.google.com/share/AF1QipOT1S8s9aoYLK3uQ2V3KTAoesdp2r3gvuKWeF00p4DVAvSeV4N6uHoUanPLtI6F_g?key=R08xb2IzZms0NHdjczF1S09RXzFYM3d0M0VOSXBR

https://www.klsescreener.com/v2/news/view/624582

Ksl Esplanade Mall target to complete end of 2020

Johor state gov agreed to lower foreigner threshold to 600k. Bumi lot above 700k can apply to convert. https://m.malaysiakini.com/news/500815

Coming QR should be good compared to the terrible Q 1 year ago. With the help of HOC I expect jump in sales with reduced profit margin due to discount given.

https://themalaysianreserve.com/2019/09/23/housing-loans-hit-rm11b-for-1st-time-since-2014/

Nonsense, Mahsing has 1.2b cash on hand and it just bought 3 pieces of land for new development.

I think the negative cash flow from operation is due to the ongoing sales of the projects: Astoria Ampang, Damansara Seresta and Sena Parc are not so well in the slow market. But the company is in net cash position of 200 million with unbilled sales of 189 million, so it should not have cash flow issue.
The value of this company is with its landbank and its current valuation is so low, which is good for value investor.
Can see that the stock price has been locked in tight range, which I suspect due to action from some big player so that they can collect the shares from retail investors and those who lose their patience.
So the questions is, the latest measures from gov to help developers to sell the unsold high end strata units to foreigners, is it a game changer for the industry?

@Rotiboy I am not a guru so dare not to advise much. But few things I will consider:
1.Land bank - Purchase price, location etc
2.Unbilled sales - This tells us how much sales in the pipeline and how long it can sustain the operation
3 Inventory - How much still not yet sold, especially in slow env now?
4. Business strategy - Affordable housing or high end, strata or landed, city or outskirt
5. Cash on hand - Some companies may not able to survive through the slow down
6. Price per book value - Compare stock price against NTA

L&G may not have big name, but it has lots of land and healthy financial position.
But in this slow market, it will take some time to realize the values of its landbank.
Next year it will launch more projects, but no body can foresee the market condition.

@Rotiboy The property counters are deeply under value. Many are reaching the 2009 price level. For dividend, many have good payout above 5 or 6%, for example Mahsing, UOA, Matrix etc.

Ksl has inventories for high rise which will benefit from the adjustment of threshold for foreigners?

@Rotiboy, in general, most of the property stocks dropped 50% from their height in 2014.

There is no need to worry because in the past 2 years the stock price went up more than the announced dividend, so it went down after dividend ex. But this year it only went up 1 cent after announcement, so I don't think it will go down after ex.

AGM is on Wed, who is going?

The so called experts only look at the past data. Anyone who read English also can do that.

QR out, net profit up 12% due to ongoing property development. Plantation loss money but CPO price expected to improve.

Coming QR should be good due to HOC. I believe we have seen the bottom of property sector.

Tq for the sharing, very meaningful

Their Sri Damansara Club landbank alone worth more than the stock's market capitalization

Maybank announced it will allocate more funds for housing loan. BNM may cut OPR next month. More and more supportive measures for properties.

No movement, they only want to lure small prawns to buy at 0.155? Pathetic.

Could be another 1 day show. They only want to earn 1 bid from small prawns, pathetic.

Looks like 1 day game over

This counter, be careful of 1 or 2 days show only.

Lai liao, luckily last week I was able to enter at 0.15

Again last min buy 1 lot to push up

Someone always buy 1 lot in the last 10min to artificially support the price at 0.155.

It is not only about developers, it will have ripple effects to all other industries like steel producer, construction, raw material, banking etc.

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.

Tq for sharing such a touching story

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.

http://www.enanyang.my/news/20180626/房政部长与财政部及国行合作-放宽贷款让首购族买/

At current price, this translate into 7.9% dividend yield. I can see that the buy rate is high, probably some accumulating the stock. After election, there are signs that home buyers interest is picking up, based on observations at sales gallery.

1.5 cents dividend, long awaited!

Bought some at 0.18. Hope the sales of new launching are good, saw their advertisements on FB frequently.

Nemesis, I agree that share buy back does have some advantages compare to dividend, but the buy back is peanut and far from sustaining the share price. Furthermore, I see no reason to spend so much money when they tell investors they can't pay dividend as Ksl2 needs a lot of capital. Why buy land when the market is so slow, and everyone knows that their inventory is so high and can't sell?

Last week there was a block of 3-4m shares dumped by fund. Not only retailers, fund also cut loss.