Posted by Eric Fong > 2015-07-21 23:57 | Report Abuse

Izzit latest news?

Posted by investor88 > 2015-07-22 08:30 | Report Abuse

http://www.thesundaily.my/news/1496662

Property mart to see interest boom from local, foreign parties

KUALA LUMPUR: Malaysia's property market is poised to see interests not only locally but from foreign parties capitalising on the weak ringgit, said global property consultant, Knight Frank Malaysia.

In a statement yesterday, managing director, Sarkunan Subramaniam, said this was evidenced by recent activities in major commercial property investment transactions such as the acquisitions of Integra Tower and DoubleTree by Hilton among others.

"With the Fitch Rating maintaining Malaysia's long-term foreign currency issuer default rating at 'A-' and local currency at 'A' and added with an overall outlook revised from the previous negative rating to stable now, the ringgit is expected to strengthen in the long run and creating the absolute right time for foreign investors to be looking at Malaysia," he said.

He said the company has appointed James Buckley as executive director for Capital Markets.

The appointment indicated the strategic importance of capital markets in Malaysia for the group's business, he said.

Meanwhile, Buckley said, Malaysian corporations were not new to overseas investment, but over the last five years, their investments, particularly in the matured, transparent and accessible markets of the UK and Australia, had continued to rise.

"Knight Frank has advised on over US$3 billion (RM11.4 billion) of investment transactions across Asia-Pacific and US$38 billion of commercial sales and purchases globally over the past 12 months," he said. – Bernama

Posted by Eric Fong > 2015-07-23 21:19 | Report Abuse

Good news coming soon?

Posted by Wolverin3 > 2015-07-24 10:09 | Report Abuse

Hi Guys, what is wrong with this stock? So undervalued? Is there any problems??

Posted by Eric Fong > 2015-07-24 12:55 | Report Abuse

No problems....good company is worth to invest and wait the value to be unveil...

Posted by prudentinvestor > 2015-07-25 18:20 | Report Abuse

Making little money during the past two quarters, so investors are getting a bit cautious.

Posted by Eric Fong > 2015-07-25 19:38 | Report Abuse

If u see their profit margin u will get surprise how well they have done.
But due to their Share capital is a bit large so the EPS you see is small.
But if u compare with other stock you will see which is better and which have better future prospect.

Posted by luckyman > 2015-07-25 20:30 | Report Abuse

Phase 1 of Foresta is due for completion by March 2016. So L&G is likely to recognize and report fantastically good result again for the current financial year.

Posted by financialanalyst18 > 2015-07-27 10:45 | Report Abuse

L&G to launch Seremban project, expand landbank

Land & General Bhd (L&G) sees its property division as a major profit contributor, with ongoing projects valued at over RM5 billion and a new Seremban project to launch soon.

The ongoing developments include 8trium, a commercial development in Bandar Sri Damansara with a gross development value (GDV) of RM700 million; The Elements, a RM100 million serviced apartments in Ampang; and the Damansara Foresta condominium in Bandar Sri Damansara worth RM700 million, said Low Gay Teck, Managing Director at L&G.

"We also plan to kick-start a gated residential housing project in Seremban in the fourth quarter of this year," said Low.

In addition, he said that L&G is planning to increase its landbank in prime locations in the Selangor, Klang Valley and Johor.

"We are also trying to venture north to Penang as the property prices at these places are good," he said at a briefing on its high-rise condominium project, Damansara Foresta in Bandar Sri Damansara.

While not divulging the current size of its landbank, Low noted finding ideal land is a challenge for L & G.

Of the 928 units, 50 percent was already sold at the Damansara Foresta freehold condominium while 87-89 percent of the 8trium has been sold as of now.

Posted by financialanalyst18 > 2015-07-27 11:18 | Report Abuse

Astoria Ampang (L&G NEW LAUNCH PROJECT)

Astoria Ampang is located in Ampang. The developed dimension for the units are among 560.00 sf. Astoria Ampang is actually a freehold property and includes services including BBQ Area, Playground, Swimming Pool, Cycling Path, Jogging Track, Gym, Wading Pool, Pavilion, Games Room, Yoga Room, you might expect from an exclusive residential. Amenities are in brief distances apart for example Oh Jun Hair Salon, Camys3 Touch (Always About Beauty), H & H Mulia Anggun Saloon, Energy Day Spa, LV Vincent Hair and Beauty Saloon, Lanson Place, Gleneagles Intan Medical Centre, KPJ Ampang Puteri Specialist Hospital, Gleneagles Hospital Kuala Lumpur and BCL Marketing Sdn Bhd. In close proximity attributes include Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point.

Analysis
Astoria Ampang has received numerous good responses. Developer is noted for some other projects for example Taman Sri Endah (Apartment), Seri Mutiara, Winner Court A, Taman Greenview (Semi-D), Palm Terrace, Taman Pisang Mas Jaya, SS17 (Apartment), Sea Range Tower, Metro Villa, Starhill (Bungalow).

Astoria Ampang being in a strategic area where by Cash Converters (Ampang Point), 7-eleven @ Jalan Au 2a/17, Kuala Lumpur, 7-Eleven, Great Eastern Mall and Aeon Maxvalu Ampang are common about can make it an effective residence both for self and investment-stay. Occupants need not be worried about food as Haven Cafe - naturally good food, Giant Hypermarket Bandar Baru Ampang (GHBA), De Palma Hotel Ampang, Victoria Station (Jalan Ampang), Las Carretas Ampang, Alexis Bistro & Wine Bar, Mei Keng Fatt Seafood Restaurant, La Risata, Chalet Suisse and Daidomon are in the most effective comfort for them to look for number of dishes.

Astoria Ampang is a neighbour to other exclusive developments for example Villa Aman, Tiara Ampang, Permai Seri Apartment, ARTE Plus (SOHO), 325 Persiaran Ritchie, Dataran Ukay, Desa Ukay, M City (Retail), M City (Services Apartment), Ampang Point. Parents do not need to be concerned as well as educational institutions are comparatively close to, such as International School of Kuala Lumpur Secondary.Astoria Ampang can be accessible via public transport such as Stesen Putra Lrt Dato' Keramat (kj31), Stesen Putra Lrt Setiawangsa (kj33) and Stesen Putra Lrt Jelatek (kj32).

https://www.facebook.com/photo.php?fbid=1698498697044540&set=pcb.1698498970377846&type=1&theater


Situated just off Jalan Ampang , Astoria is located at a nexus of road and rail connections. With the vitality and variety around it, Astoria is quite simply the place to be.
Connections
• The Ampang-KL Elevated Highway ( AKLEH)
• The Middle Ring Road 2 (MRR2)
• Jalan Tun Razak
• SMART Expressway
• Maju Expressway (MEX) or KL-Putrjaya Highway
• DUKE Highway

Please check detail information in http://www.astoria-ampang.com.my/

Posted by balvin71 > 2015-07-28 12:22 | Report Abuse

I went to Astoria sales office. Not yet launch as they are still waiting for approval. Approval is expected to be in a couple of weeks. Overall, great concept and good location. I believe will sell. Phase 3 MRT expected to be near Ampang Point (exact location has not been finalized) and new access to AKLEH being built.

On the launch date, would be good to see the actual number of units booked/sold.

Posted by investor88 > 2015-07-28 15:18 | Report Abuse

well astorial GDV ard 900m +. as long as they manage to sellout 50% of it, it will be more than the last FY renenue of 500m+. on top of that, they still have unbilled sales in Damansara Foresta condominium and 8trium

Posted by Eric Fong > 2015-07-29 15:42 | Report Abuse

Just follow the company where it may go...

Posted by Eric Fong > 2015-07-29 16:37 | Report Abuse

Astoria Ampang is such a good location and good price in klcc area where nearby is above 1000p.s.f but their price is 900p.s.f whereby help buyers create value when they purchase the property from L&G

Posted by Eric Fong > 2015-07-29 16:55 | Report Abuse

Wonder why so long the company not convert any ICULS

Posted by balvin71 > 2015-07-29 18:21 | Report Abuse

Soon many will start converting. Dividend of 0.02 per share will be proposed at the AGM.

Posted by Eric Fong > 2015-07-30 11:58 | Report Abuse

Hope to have better dividend in future and expect share buy back by company as share too much in the market that will dilute all earning.
Unless company get better profit year by year.

Posted by financialanalyst18 > 2015-08-05 11:12 | Report Abuse

L&G PLANS BONUS ISSUE TO REWARD SHAREHOLDERS
By theedgeproperty.com | July 14, 2014 5:26 AM MYT

KUALA LUMPUR: Land & General Bhd (L&G) plans to reward its shareholders by issuing bonus shares, likely to be done in the first half of next year, said its chief financial officer KC Ng.

“We do plan on doing a bonus issue, but the structure has yet to be determined,” he told The Edge Financial Daily after a briefing to announce the group’s audited results for the financial year ended March 31, 2014 (FY14) last Friday.

In April last year, the property developer proposed to raise RM77.8 million via a rights issue of irredeemable convertible unsecured loan stocks (Iculs) on a one-for-one basis.

“Our Iculs got listed in September last year, and I think that, including the major shareholders, everyone will go for the conversion of Iculs into shares sometime by September this year. The ruling is that there has to be a moratorium period of six months before embarking on another corporate exercise,” said Ng.

As a result, L&G is unable to undertake a bonus issue for at least six months after the group’s last corporate exercise.

Earlier at the briefing, Ng said L&G aims to increase its market capitalisation to more than RM500 million by the end of the calendar year or FY15, from RM379.16 million as at last Friday.

“Upon full conversion of the Iculs that we issued, we should have a market cap of up to RM658.1 million,” he said.

The group announced bumper results for FY14, with a more than twofold increase in both its revenue and net profit to RM491.9 million and RM128.7 million respectively, from RM216.3 million and RM57.2 million the year before.

As at March 31, 2014, L&G’s cash and cash equivalents stood at RM183.76 million, with total assets of RM742.3 million. It has total borrowings of RM20 million and a gearing ratio of 0.04 times.


L&G also declared a maiden dividend payout of two sen per share for FY14, representing a payout of more than 30% of its net profit.

On the group’s future property launches, L&G managing director Low Gay Teck said the group plans to launch property projects with a total gross development value (GDV) of RM2 billion within the next 12 months.

Three of the projects in the pipeline are due to be launched in the first quarter of next year, namely the Damansara Foresta Phase 2 in Bandar Sri Damansara, Tuanku Jaafar Resort Homes in Seremban and serviced apartments in Jalan Ampang here, next to the group’s current The Elements @ Ampang project.

L&G recently gained shareholders’ approval to purchase the plot of land in Jalan Ampang for RM118.5 million.

Low said the serviced apartment development will comprise four towers with about 1,000 units. Its expected GDV is RM800 million.

Meanwhile, the Damansara Foresta project and the Tuanku Jaafar development will bring a combined GDV of RM1.2 billion to the group. Damansara Foresta will consist of two towers within 42 acres (17ha) of land next to the Bukit Lanjan Forest Reserve, while Tuanku Jaafar Resort Homes will comprise link, semi-detached and cluster homes.

Additionally, L&G has close to 2,500 acres (1,011ha) of estate land in Lembah Beringin, which Low said the group is planning to convert to residential land. Currently, it is planted with oil palm and rubber.

“We are in the midst of drafting out our master layout, and it should hopefully be firmed up by next year,” he said.

Low also said the group was in the midst of disposing of its Hidden Valley Golf & Country Club project in Melbourne, Australia, to interested parties, but not before finishing the construction of the remainder of the 900 bungalow units.

“So far we have sold 830 to 840 units of the 900. The cost of business in Australia is very high, and this project does not contribute much revenue to the group. The cost versus revenue is not justifiable, so we have decided to dispose of this project once we are done,” he said, adding that the group is still scouting for potential acquisitions overseas.

Posted by jfanalytic > 2015-08-07 23:41 | Report Abuse

is time to buy n keep. Invest
ors are likely to buy bef
ore next project launch.

Posted by jfanalytic > 2015-08-07 23:57 | Report Abuse

Downside is limited as L&G is a net cash company. Its deposit, cash and bank balance of 398,343,000 translate to 33.5 cents per share. And that is before taking account of other non-current assets (its non-current asset is also greater than its non-current liability). Any price below 42 cents is a good buy.

Posted by xcu843 > 2015-08-10 16:57 | Report Abuse

The more story you tell, the more deep this stock go down.

Posted by Eric Fong > 2015-08-10 17:34 | Report Abuse

nevermind...hope the stock down until RM0.01...then everyone can buy and keep....

Posted by jfanalytic > 2015-08-10 20:18 | Report Abuse

Haha, market sentiment la. The drop is expected n in fact, less severe than other counter.

Posted by Eric Fong > 2015-08-11 12:34 | Report Abuse

If the market easy guessing them everyone is Warren Buffet already

Posted by Eric Fong > 2015-08-12 11:41 | Report Abuse

Yes! Dividend Yield at 5% !!

Posted by Investeye > 2015-08-12 15:40 | Report Abuse

Accumulated few lots for this counter at RM0.375
With the net cash position, i believe L&G will still be in good position to perform.

Posted by xcu843 > 2015-08-12 17:22 | Report Abuse

HA HA HA HA, drop drop drop drop

Posted by Invest33 > 2015-08-12 17:25 | Report Abuse

cash at hand 33.5cents, share 37cents. other assets 4.5cents.

Posted by Invest33 > 2015-08-12 17:29 | Report Abuse

PE 2.79x

Posted by xcu843 > 2015-08-12 17:50 | Report Abuse

Alert Alert Alert, as long as our government issue not solved the share and currency will further weak and weak. Good luck for those buy stock now.....

Posted by xcu843 > 2015-08-12 17:54 | Report Abuse

KLSE have a lot of good counter but Malaysia now fall in economy crisis, don't hope it will go up....
Good luck. Now start keep cash on your bank is a right choice. Good luck.

Posted by Invest33 > 2015-08-12 18:12 | Report Abuse

Dividend of 2cents or 5.4%. Higher than FD

Posted by xcu843 > 2015-08-12 20:56 | Report Abuse

Good luck. It will go below 0.30 this month.

Posted by Eric Fong > 2015-08-12 21:03 | Report Abuse

If below RM0.30 dividend yield will be 7%

Posted by winston1 > 2015-08-12 21:11 | Report Abuse

When sentiments are bad, people don't look at fundamentals, they just panic.

Posted by xcu843 > 2015-08-12 22:45 | Report Abuse

Now is not talking about fundamental. Now is related to country issue. Buy share must know external factor.

Posted by Eric Fong > 2015-08-12 23:11 | Report Abuse

Is ok not company fault now...is country problems...company still doing business and earn good money....can keep buy for invest n dividend yield...

Posted by Eric Fong > 2015-08-12 23:12 | Report Abuse

u think country like that then all company will bankrupt? If u think so then u better take all your money and migrate to other country...

Posted by xcu843 > 2015-08-13 07:57 | Report Abuse

Buy share need to see when is the right time. That all. Good luck.

Posted by timl > 2015-08-13 10:41 | Report Abuse

so you buy share when the market goes up? investor buys it when it is cheap.. speculator buys it when it has the uptrend.. it just depends on which one are you.

Posted by Eric Fong > 2015-08-13 10:59 | Report Abuse

When the downtrend not coz of company matter, and the fundamental of company still exist, i think we can invest it.
But when the downtrend is coz of company (eps, etc), we still hold the share and valuate if the future of company still good for invest or not.

Posted by xcu843 > 2015-08-13 14:53 | Report Abuse

Index will deep until end of the year. Wait, see and analysis..........

Posted by Eric Fong > 2015-08-14 14:11 | Report Abuse

Very Attractive Price

Posted by xcu843 > 2015-08-14 14:55 | Report Abuse

wait,,, it will go down again...don't make conclusion so early..

Posted by Eric Fong > 2015-08-14 14:58 | Report Abuse

The more it goes down...the more attractive of this stock...as i say....better it slump until RM0.01..i will use all my money to invest...

Posted by xcu843 > 2015-08-14 15:14 | Report Abuse

if go to 0.01 then our currency will be 1 USD = RM6

Posted by Eric Fong > 2015-08-14 15:32 | Report Abuse

Well the company performance not really depend on currency or macro economics. Sometime it solely because of profits.

Posted by Eric Fong > 2015-08-14 15:33 | Report Abuse

Do u think if our currency RM6 = 1 USD then every company will bankrupt and all share price will be RM0.01 ?

Posted by xcu843 > 2015-08-14 16:30 | Report Abuse

u are wrong, our company won't be bankrupt. Yes I agree depend on profit. But sometime issue like related to country big issue then it more impact rather then your company performance. End up it also drop because no foreign investor like to invest. Normally when after a crisis, I rather focus on blue chips like tenaga, TM, genting, PBB. Usually all those counter will bounce back first after that only follow by second and third counter. But to my opinion, it drop until end of the year. Wait....then......See.....

Posted by TAH > 2015-08-14 16:45 | Report Abuse

When most of the shares drop 80% to 90%, u can say it aldy touch bottom. Then it is the time u can consider what stocks to buy. China stocks aldy touch bottom quite sometime except malaysian stocks.
Meantime be patient.