EPS: 2 sen for Q1 ended 30 June 2015. EPS is expected to be higher for the next 3 quarters as more profit will be recognized upon completion of Foresta 1. Full year EPS may reach 8 to 10 sen?
The group is also in the midst of acquiring 112 acres in Seksyen U10 Shah Alam, near Bukit Jelutong, and is currently awaiting approval from the authorities. The project, earmarked for landed properties, has an estimated gross development value of RM1 billion.
Despite the challenging outlook for the next 12 months, Low does not foresee any drastic impact on its business.
With unbilled sales of RM369 million, new developments in the pipeline in excess of RM2 billion as well as ongoing projects, he said the group is “comfortable” despite being cautious of the property cycle.
“It is no secret that the market is slightly weaker but it is a very normal cycle that the property industry goes through. When it comes to L&G, for the group, our ongoing projects as well as our existing landbank, it’s all located in very prime areas, very prime and mature residential or near city centre locations. With these prime landbanks within our group, I do not foresee drastic impact on the group,” he said.
He added the group is looking to replenish its landbank especially in the Klang Valley as land prices have become more reasonable and it is in a good position to do so with cash of over RM300 million and asset base close to RM1 billion.
just be patience and wait for the launches. L&G's new developments in the pipeline in excess of RM2 billion. The market cap by then will easily break 1b, meaning the price should go above RM1.
This is a long term investment which may yield more than 100% gain.
sabar... inching up (or cm-ing up - not inch) everyday... Technically, 20MA line already cross 50MA line on 30/9 and expecting it to cross 100MA next week. Currently well supported by 20MA line at 0.40 and above 20MA line for a month already. is now in the uptrend. Looks good
Fundamental we all know this stock is undervalued. Long term investor will gain from the potential upside when new launches. Strong CF will allow the company to continue to expand their landbank which is under the negotiation right now as the group is in the midst of acquiring 112 acres in Seksyen U10 Shah Alam, near Bukit Jelutong, and is currently awaiting approval from the authorities. The project, earmarked for landed properties, has an estimated gross development value of RM1 billion.
Cash in hand 363M or 363mil/1078mil of shares = 33cents of cash per share This means paying 43cents(current share price) to owned 33cents of cash and 10cents worth of stocks!
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Posted by valueinvestor > 2015-08-29 17:28 | Report Abuse
EPS: 2 sen for Q1 ended 30 June 2015. EPS is expected to be higher for the next 3 quarters as more profit will be recognized upon completion of Foresta 1. Full year EPS may reach 8 to 10 sen?