LAND & GENERAL BHD

KLSE (MYR): L&G (3174)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.13

Today's Change

0.00 (0.00%)

Day's Change

0.125 - 0.13

Trading Volume

56,200


32 people like this.

11,240 comment(s). Last comment by Faiza 6 days ago

bracoli

2,579 posts

Posted by bracoli > 2015-05-25 20:50 | Report Abuse

Yolooo u gave two cent lg management gave 2sen liao

bracoli

2,579 posts

Posted by bracoli > 2015-05-25 20:50 | Report Abuse

Toko la u eric.. Beh tahan u

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2015-05-25 21:54 | Report Abuse

the launching of projects kept on delaying, i gt no eyes to see

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-26 00:20 | Report Abuse

They are not delaying..they keep on doing sales for new project...

bracoli

2,579 posts

Posted by bracoli > 2015-05-26 08:40 | Report Abuse

better sell lo eric else u will regret

blackul66

1,334 posts

Posted by blackul66 > 2015-05-26 09:34 | Report Abuse

this "the edge markets" can't even report properly, the dividend is 2 cents not 0.02 cents.

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-26 10:25 | Report Abuse

Yes agree.. is 2 cents....

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2015-05-26 10:34 | Report Abuse

last kali, L&G lagi best
0.80 sen became 6.96 sen

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-26 10:47 | Report Abuse

Hahaha

investor88

282 posts

Posted by investor88 > 2015-05-26 10:55 | Report Abuse

total 1.5b in the pipeline for this year launch. It should be good once all these launches started.

investor88

282 posts

Posted by investor88 > 2015-05-26 10:56 | Report Abuse

next FY will be able to make more than 500m revenue easily with all these launches.

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-26 11:10 | Report Abuse

Yes will be better earning ahead...just wish the dividend will be more...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-26 11:30 | Report Abuse

Can keep collecting today...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-27 14:22 | Report Abuse

Buy buy buy

xcu843

1,043 posts

Posted by xcu843 > 2015-05-29 10:37 | Report Abuse

2 cents dividen is equal to 4%. No bad

vaentec

142 posts

Posted by vaentec > 2015-05-29 14:20 | Report Abuse

Disappointed with the delay and expected at least 3 cents dividend. Project will only be launched in the third quarter which means you will only see the result in November. Next quarter result will likely be the same as that of the previous 2 quarters. Not likely to move in the short term even though strong support is seen at 0.50.

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-05-31 00:12 | Report Abuse

Good...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-01 01:11 | Report Abuse

This is undervalue property stock that will become shinning star in future...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-03 23:32 | Report Abuse

high high higher...

xcu843

1,043 posts

Posted by xcu843 > 2015-06-04 15:28 | Report Abuse

drop drop drop drop....

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-04 16:14 | Report Abuse

buy more buy more buy more

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2015-06-04 20:21 | Report Abuse

drop drop drop drop

xcu843

1,043 posts

Posted by xcu843 > 2015-06-04 22:51 | Report Abuse

Drop drop drop drop

xcu843

1,043 posts

Posted by xcu843 > 2015-06-04 22:51 | Report Abuse

Time to collect

xcu843

1,043 posts

Posted by xcu843 > 2015-06-04 22:52 | Report Abuse

Pocket money

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-05 22:08 | Report Abuse

Need earn big money

xcu843

1,043 posts

Posted by xcu843 > 2015-06-09 22:59 | Report Abuse

Time to collect more

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-10 01:09 | Report Abuse

Yup...keep collecting now...reasonable dividend yield too...

xcu843

1,043 posts

Posted by xcu843 > 2015-06-10 22:52 | Report Abuse

keep collect

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-10 23:59 | Report Abuse

L&G acquire company & land for future development...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-11 11:04 | Report Abuse

Hope can boost EPS in future

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-11 11:20 | Report Abuse

Good future for L&G

Posted by valueinvestor > 2015-06-11 20:00 | Report Abuse

KUALA LUMPUR (June 10): Property developer Land & General Bhd announced that its wholly-owned unit Victory Vista Sdn Bhd has signed a share sale agreement to acquire Pembinaan Jaya Megah Sdn Bhd – which will own 112.353 acres of land in Selangor – for RM90 million cash.

Land & General, in a filing with Bursa Malaysia today, said its proposal to acquire Pembinaan Jaya Megah will expand its land bank, which will facilitate future development projects that will contribute positively to its future earnings and cash flows.

Pembinaan Jaya Megah is currently alienating 112.353 acres of a 99-year leasehold land in Bukit Raja, Selangor from Petaling’s Land and District Office (PTP).

“On Nov 5, 2014, PTP has given its approval for the alienation of the Land and pursuant to the PTP approval, the leasehold period is 99 years and the expiry of the lease period is not yet not available pending completion of the alienation of the Land and issuance of land title(s),” said Land & General.

According to its annual report 2013, Land & General has some 31ha of land for development, with a net book value of RM38.06 million.

“The land is intended to be developed as a residential and commercial development. The board, having considered the proposed acquisition including but not limited to rationale and justifications, financial effects, valuation and associated risks, as well as the prospects of the land to be alienated for future development, is of the opinion that the proposed acquisition is in the best interest of the Land & General Group,” it said in a filing.

Land & General said it will fund the purchase via internally generated funds, or external bank borrowings. As at March 31, 2015, Land & General’s deposits, cash and bank balances stood at RM398.34 million.

Land & General (fundamental: 3; valuation: 3) expects to complete the acquisition by the second quarter of 2016 (2Q16).

Land & General also has interest in oil palm and rubber plantations operated via its wholly-owned unit Clarity Crest Sdn Bhd. The group currently has some 1,009.71ha of land in Mukim Kerling, Selangor, that has a net book value of RM48.14 million.

The stock has fallen 13% from 57 sen on April 17 to close at 49.5 sen today, giving it a market capitalisation of RM534.817 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations)
Source: The Edge Markets

The above can be considered good news as the land to be acquired is relatively cheap at RM18 psf and likely to generate some RM150m to RM200m profit over time from the proposed residential & commercial development.

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-11 20:35 | Report Abuse

Yup correct...future earning is bright...need need time and be patience...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-11 20:57 | Report Abuse

If the stock price fall then can buy more and buy at low price...

xcu843

1,043 posts

Posted by xcu843 > 2015-06-12 09:50 | Report Abuse

What good? Falling again

vitac

522 posts

Posted by vitac > 2015-06-12 11:09 | Report Abuse

strong fundamental, cash rich, earn more than 100m also cannot up....

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-12 12:37 | Report Abuse

Before you jump higher you must bend down a lot for your leg...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-12 12:49 | Report Abuse

The more it down due to market sentiment and not due to company...the more we buy...

vitac

522 posts

Posted by vitac > 2015-06-12 12:51 | Report Abuse

Eric i hope we make the right choice. My cost now is 0.505

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-12 13:10 | Report Abuse

Yup... keep holding and be patient....value sure will reveal in future...

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-12 13:10 | Report Abuse

Anyway you still have 4% dividend yield per annual too...

ExCFO

278 posts

Posted by ExCFO > 2015-06-12 16:37 | Report Abuse

Definetly a good buy below 50c.

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-13 22:35 | Report Abuse

Yeah agree

Eric Fong

1,193 posts

Posted by Eric Fong > 2015-06-15 16:15 | Report Abuse

How you know?

xcu843

1,043 posts

Posted by xcu843 > 2015-06-15 18:47 | Report Abuse

Jiak lat liao

Post a Comment
Market Buzz