SHUT UP tienhieu , not more nonsense here , MAYLAND PRIVATE ACQUIRED ALSO 0.225 , YOU THINK INVESTOR IDIOT ??? I GUARANTEE THE SHOOT , JUST TIME FACTOR , IT WILL EXCELLENT TOUCH THE HARVEST PRICE .OK
after attend the AGM today, I will slowly sell out my stake. Some even walk out after listen the dividend policies. Guys, keep on bull sh*t won't help, especially with caps letter.
L&G to launch RM710m GDV worth of projects in FY18 Neily Syafiqah Eusoff / theedgemarkets.com
September 13, 2017 15:02 pm MYT
-A+A PETALING JAYA (Sept 13): Property developer Land & General Bhd plans to launch two projects with an estimated gross development value (GDV) of RM710 million in its financial year ending March 31, 2018 (FY18).
Its managing director Low Gay Teck said the group is confident the property market will show resilience and probably realise positive profit from to-be-launched projects.
He also said that at ground level, the interest from buyers side has improved from last year.
"Of course there is no doubt that it (property market) is not as buoyant as three years ago, but it has improved from last year in terms of the interest from potential buyers and lock in sales that we are achieving from our Astoria project," he told reporters after the group annual general meeting today.
The launches are the first phase of the township project Sena Parc in Senawang, Seremban which comprises 453 units of double-storey linked houses at an estimated GDV of RM230 million.
"We will be launching this pipeline project by November this year," Low said, adding the group is waiting for final approvals from the relevant authority to launch it.
Additionally, the group will also be launching its second phase of Damansara condominium known as Seresta at Bandar Sri Damansara in February next year.
"That's (Seresta) the second phase of our completed Damansara Foresta," Low said.
He said the Seresta project comprises two towers with a total of 452 units. The estimated GDV for the entire Seresta project is RM480 million.
Currently, the group's existing land banks stands at 3,000 acres.
"We are confident that other opportunities for well-priced land banks will arise and remain on the lookout for such opportunities," Low said.
At midday break today, L&G shares rose 2.27% or 0.5 to 22.5 sen, with 1.50 million shares traded for a market capitalisation of RM659.02 million.
THE FACT THAT ITS MAIN SHAREHOLDERS, MAYLAND HK, HAD PURCHASED 3.8M MORE SHARES AT 0.225 FROM THE OPEN MARKET HAS MANY POSITIVE IMPLICATIONS ESPECIALLY POINTING TO ITS STRONG FUNDAMENTALS AND ITS GOOD GROWTH PROSPECTS
THE LAST TIME WE ESTIMATED ITS CASH BACKING PER SHARE WAS 16 SEN PER SHARE. WITH 300,000 ACRES OF LANDBANK COMPRISING SOME WHICH WERE OWNED AT VERY LOW COST (EG 274 ACRES OF FREEHOLD LAND IN KERLING CLOSE TO TG MALIM TOWN CENTRE HAS A BOOK VALUE IF ONLY 0.40 SEN PSF VS CURRENT MARKET VALUE OF 3.00). MANY OTHER LANDS ARE ALSO OWNED AT LOW COSTS INCLUDING THAT PRESENTLY USED AS A CLUBHOUSE WITH GOLF DRIVING RANGE. THIS IS TO BE REDEVELOPED INTO A PRIME COMMERCIAL/SERVICE APARTMENT COMPLEX. ALSO OWNS LOW COST LANDS IN SENAWANG AND PENANG. HENCE LOTS OF HIDDEN VALUES IN ITS 300,000 ACRES LANDBANKS. THEIR DEVTS WILL GENERATE BIG FUTURE PROFITS. GROWING PROFITS PLUS CASH BACKING PER SHARE OF 16 SEN = CONTINUITY IN 2 SEN DIVIDEND POLICY WHICH WERE PAID CONSISTENTLY FOR THE PAST 5 YEARS. BIG SHAREHOLDERS ALSO BENEFIT FROM GOOD DIVIDENDS. SELF INTEREST FOR THEM TO CONTINUE
I not so particular the DIVIDEND GIVEN , I more interesting the whole illustration in FUTURE PROGRESS , after the AGM with the cap letter proof , i saw the harvest farm even clear and transparent , WAY TO ROME is JUST A SHORT LENGTH , I confident it will be a BIG EMPEROR in NEW ERA CORPORATE WORLD , final i will stick tight tight , INVEST WITH ENTHUSIASM .
ADVICE serena 717 , ROME not build in one days , once decide , confident need to build up , not more changed direction , consistent make better future , while you already get engage .
PETALING JAYA (Sept 13): Property developer Land & General Bhd plans to launch two projects with an estimated gross development value (GDV) of RM710 million in its financial year ending March 31, 2018 (FY18).
Its managing director Low Gay Teck said the group is confident the property market will show resilience and probably realise positive profit from to-be-launched projects.
He also said that at ground level, the interest from buyers side has improved from last year.
"Of course there is no doubt that it (property market) is not as buoyant as three years ago, but it has improved from last year in terms of the interest from potential buyers and lock in sales that we are achieving from our Astoria project," he told reporters after the group annual general meeting today.
The launches are the first phase of the township project Sena Parc in Senawang, Seremban which comprises 453 units of double-storey linked houses at an estimated GDV of RM230 million.
"We will be launching this pipeline project by November this year," Low said, adding the group is waiting for final approvals from the relevant authority to launch it.
Additionally, the group will also be launching its second phase of Damansara condominium known as Seresta at Bandar Sri Damansara in February next year.
"That's (Seresta) the second phase of our completed Damansara Foresta," Low said.
He said the Seresta project comprises two towers with a total of 452 units. The estimated GDV for the entire Seresta project is RM480 million.
Currently, the group's existing land banks stands at 3,000 acres.
"We are confident that other opportunities for well-priced land banks will arise and remain on the lookout for such opportunities," Low said.
At midday break today, L&G shares rose 2.27% or 0.5 to 22.5 sen, with 1.50 million shares traded for a market capitalisation of RM659.02 million.
IF you are a brilliant investor , not way to give out L&G , Otherwise HK solid external off shore , Singapore BIG INSTITUTION , PREVIOUS SINGAPORE PRESIDENT LEE ADVISOR , wouldn't be around , PLUS Local famous golden finger , TYCOON LIM will not increased his STAKE TO TOP FIVE CATEGORY , I highly aim the FUTURE EXCELLENT RESULT , after CALVIN TENANG BRIEF ALMOST A WEEK THIS VALUE STOCK .
Market Value for L&G can trace from , Mayland Venue Sdn bhd , Vibrant Corridor Sdn Bhd , Triumph Bliss Sdn Bhd , Forward Esteem Sdn Bhd , Soho Prestige Sdn Bhd , all value about 963 million project in hand , i aim BILLION is SO NEAR , NOT SORRY 3 billion including the potential ON SELLING METHOD .
it is informative , nothings hide , if you a genius investor , you should select it , truly wonderful , like a flying eagle , wide view , sharp and accurate .
2 NEW LAUNCHES WITH TOTAL GDV 710M WITHIN THE NEXT FEW MONTHS WILL CONTRIBUTE POSITIVELY AND ADD TO EARNINGS FOR FYE MARCH 2018. 1ST PHASE FORRESTA IN SRI DAMANSARA WAS A COMPLETE SOLD OUT SUCCESS PROJECT DUE TO ITS STRATEGIC LOCATION NEXT TO MUTIARA DAMANSARA (THE CURVE PJ) AND PERDANA DAMANSARA AND VERY WELL SERVED BY MRT , KTM AND DUKE HIGHWAYS BESIDES TOLL FREE MIDDLE RING ROAD MRR) AND ALSO TOLL FREE ACCESS TO KOTA DAMANSARA, BANDAR UTAMA AND TTDI. HENCE ITS 2ND PHASE TO BE LAUNCHED COMING NOVEMBER WILL BE ANOTHER BIG SUCCESSFUL PROJECT
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khatulistiwa1234
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Posted by khatulistiwa1234 > 2017-09-13 09:27 | Report Abuse
POSSIBLE MY LAST PIECE EAGLE COP UNDERWEAR < MEMORIES HERO EAGLE < CALVIN TENANG .