Posted by CUTLOST > 2016-05-30 21:57 | Report Abuse

Gap up 40cts

Posted by xcu843 > 2016-05-30 22:38 | Report Abuse

Up 5 cents no problem

Posted by Eric Fong > 2016-05-30 23:19 | Report Abuse

Average price RM0.50

Posted by Eric Fong > 2016-05-30 23:19 | Report Abuse

but not think to run even if reach rm0.50, long term the price will be high...

Posted by yhchan1976 > 2016-05-31 02:00 | Report Abuse

KLSE Picks came to every counter to promote your own business ah?
Why am I seeing you almost in every counter? Telling everybody how well you predicted the rise in JHM? Master Fong SiLing predicted this earlier than you. He became the substantial holder long before you predict anything...

This is L&G counter, where we believe it's share price will fly soon after getting good sales profit from Damansara project in its 1st quarter. Plz dun talk JHM here...

Posted by CUTLOST > 2016-05-31 07:13 | Report Abuse

Let Fly and Bullish Divergent

Posted by drakoryn > 2016-05-31 08:39 | Report Abuse

long term should be around RM0.8 if they manage to launch their projects in time

Posted by alexsee > 2016-05-31 09:10 | Report Abuse

good job & thanks L&G.. i sold my share just now.. let's it fly higher ya..

Posted by duitKWSPkita > 2016-05-31 09:12 | Report Abuse

............
kikikiki.meletup

Posted by yhchan1976 > 2016-05-31 09:12 | Report Abuse

0.41 now

Posted by yhchan1976 > 2016-05-31 09:14 | Report Abuse

Good opening with gap up, flying like airasia soon...
Congrats guys

Posted by Investeye > 2016-05-31 09:18 | Report Abuse

Finally dream come true.. disposed all.

Posted by stutu > 2016-05-31 09:20 | Report Abuse

party over so fast

Posted by dkpm89 > 2016-05-31 09:25 | Report Abuse

or just starting?

Posted by chancc87 > 2016-05-31 09:28 | Report Abuse

so fast gone up? any big news?

Posted by dkpm89 > 2016-05-31 09:30 | Report Abuse

ya start at 5.5c up..great start

Posted by houston535tx > 2016-05-31 09:32 | Report Abuse

chancc87 - Read The Edge for the big news. 1Q net profit jumps 7.75 times on higher sales.

Posted by yhchan1976 > 2016-05-31 09:33 | Report Abuse

Chancc87, you must have missed their great financial year end report yesterday

Posted by dummyblackie > 2016-05-31 09:35 | Report Abuse

yahoooooo

Posted by yhchan1976 > 2016-05-31 09:40 | Report Abuse

I believe their Ampang project will also contribute a lot this year. Hope it can sustain till the TP, 0.87 (EPS 8.69 x PE 10)

Posted by chancc87 > 2016-05-31 09:51 | Report Abuse

Yea, I didnt aware of that..I missed the boat..ish...

Posted by Eric Fong > 2016-05-31 09:56 | Report Abuse

Average price 0.47 after they give dividend :-)

Posted by drakoryn > 2016-05-31 09:57 | Report Abuse

you missed the short term gain la. but long term TP is RM0.80 so still have quite alot of profit to be made over the next few years

Posted by chancc87 > 2016-05-31 09:59 | Report Abuse

meaning is fine to buy in now?

Posted by drakoryn > 2016-05-31 10:04 | Report Abuse

depends on your time horizon. If you can hold for a few years I think this is a good share at this price. They have net cash of about RM420m, which is about RM0.42 per share. I think buying at any price below that should be very safe. Dividend yield is 5%.

Posted by drakoryn > 2016-05-31 10:04 | Report Abuse

Property market is currently weak, so you will need to be patient before it hits the TP of RM0.80

Posted by dummyblackie > 2016-05-31 10:05 | Report Abuse

look at the cash they have... then divide by the average shares... u will know how much this share will be... current 40cents is just too low...

Posted by chancc87 > 2016-05-31 10:08 | Report Abuse

I see..thanks for the advice...=)

Posted by spectre007 > 2016-05-31 10:24 | Report Abuse

Congratulations Eric.

Posted by Eric Fong > 2016-05-31 10:33 | Report Abuse

Hehe...still making a lost profit though...

Posted by spectre007 > 2016-05-31 10:47 | Report Abuse

So it confirmed my understanding that last quarters high trade receivables have turned to Cash. If you see .. this quarterhas property development cost on the balance sheet... means there will be further progress billings soon. Next quarter may have another set of good results... maybe not as big as this quarter ... but definitely better than previous few quarters.

Posted by Eric Fong > 2016-05-31 10:52 | Report Abuse

That y i keep say this company is good and strong and very less ppl trust

Posted by Eric Fong > 2016-05-31 10:52 | Report Abuse

And not much ppl discuss about it too

Posted by nemesis > 2016-05-31 11:29 | Report Abuse

They have 420 mil net cash BUT they don have land...Sooner or later they gonna finish up the cash to acquire land to continue business...Land held for development is only ard 28 mil n its NTA is weak...So it is still not tat good buy as a whole...

Posted by luckyman > 2016-05-31 11:43 | Report Abuse

It still has Astoria Ampang (GDV of RM800m), Sena Parc (GDV of RM600m) and Forests 2 & 3 (GDV of RM1 billion). It is also buying a land bank worth RM90 mil for landed development in Shah Alam.

Posted by drakoryn > 2016-05-31 11:43 | Report Abuse

Landbank should be able to last for quite a while I think. They still have 25ha in Sri Damansara and 1000ha plantation land in Kerling, Selangor.

They are launching RM1.6bn worth of projects this year. That should be able to last them for the next 5 years.

But I do agree, if you looking at 10-15 year horizon, they need to purchase more land. The good news is they have 420m cash to buy the land :)

Posted by drakoryn > 2016-05-31 11:47 | Report Abuse

Can't look at NTA of land. Their purchase price of the Sri Damansara land is really cheap. Only RM9 per square feet. Fair value of land in Sri Damansara is more like RM100/sq feet

Posted by beso > 2016-05-31 12:23 | Report Abuse

half day show only

Posted by alexsee > 2016-05-31 12:44 | Report Abuse

wah.. suddenly this counter is getting hot...

Posted by kllady_fidah > 2016-05-31 15:25 | Report Abuse

Goreng only...dunno how long can last

Posted by Eric Fong > 2016-05-31 16:12 | Report Abuse

If result is good every year I think this is not goreng.
Somehow mostly ppl buy n sell not buy n hold.

Posted by Eric Fong > 2016-05-31 16:15 | Report Abuse

Please read their quarterly report in future prospect column. They are looking for new land bank and maybe joint venture. Future product is good. Even mahsing got a lot cash they still looking for new land bank. Is normal thing in business to use cash to buy land for investment.

Posted by Eric Fong > 2016-05-31 16:16 | Report Abuse

Their joint venture mostly with largest shareholders, Mayland that very experience in property market.

Posted by leecuteguy > 2016-05-31 16:24 | Report Abuse

@ Eric Fong..............How long have you been holding this stock

Posted by Eric Fong > 2016-05-31 16:33 | Report Abuse

About one year

Posted by Eric Fong > 2016-05-31 16:50 | Report Abuse

The volume is very high compare other day

Posted by leecuteguy > 2016-05-31 17:03 | Report Abuse

Thx Eric

Posted by Invest33 > 2016-05-31 17:12 | Report Abuse

Cash in hand: 525M, borrowing 83M, Nett cash 442M. Share 1.09Billion i.e. RM0.405 cash per share while share price only 0.40
EPS: 0.0875, share price 0.40 PE 4.6
DY 5%

Posted by yhchan1976 > 2016-05-31 18:36 | Report Abuse

Strong selling pressure today...

Posted by Eric Fong > 2016-05-31 19:07 | Report Abuse

Mostly just let go their share that trap long time ago