It is very possible for L&G to hit 65 sen based on its earning growth underpinned by its RM 800mil unbilled sales. It will just take another 2 to 5 months for people to see if its EPS would shoot up to 12 or 13 sen when it releases its 3rd and 4th quarterly result. http://cdn1.i3investor.com/my/files/dfgs88n/2013/12/10/1480070435-1453672794.pdf
there wont be any bubble in Malaysia...if u expect the property price to drop, just sit down and hope... Property price is not like stock market price....no adjustment...!!!! Property price will always keep growing from month to month...
I stay in JB. The pace of property development here is too fast and too much to many's liking. The city is expanding in a semi-circle manner, i.e. the more it expands, the bigger its covered area is. Definitely a bubble, at least in JB.
So far, did you see any drop in property market?? The demand is still very high... The richer will become richer..the average will jus see the price increase and increase!!!
Sorry, did not make it clear. My views earlier was aim to say that there is definitely a property bubble being formed esp in JB. However, selective individual developers/companies, esp low or zero gearing, like L&G, are still very "solid" in the current market.
I finally entered @ 0.435..well, I think this counter is worth rm1.00. Good buy! I have read the quarterly results..they have got stronger cash flow now thanks to the right issuance. I can now go sleep and check this counter out again in 6 months. Adios!
Property (Overweight): Prices may go up by 10% on higher costs, say developers. Property prices could see an increase of up to 10% this year due to rising costs incurred by developers, according to Andaman Group managing director Datuk Seri Vincent Tiew. He said it is likely most of the contributing costs – including labour, utilities, raw materials and toll charges – will be passed on to consumers. (Financial Daily
hmm.. given the bloodbath 10p+ for two consecutive trading days and l&g testing support at 0.43, hopefully it wont drop below support.. all the best for u guys
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Posted by Ann Thian > 2013-12-27 16:54 | Report Abuse
Buying signal...means??