Results seem ok net eps quite high Is this a net cash company If net cash seem like Mah sing and Ksl 23-Jun-2020 Quarter Result Quarter Result on 31-Mar-2020[#4] QoQ - 1,823.55% YoY - -60.16%. Showing 1 to 1 of 1 entriesPrevious1Next Headlines Show entries Search: Date Subject 07-Feb-2020 [转贴] [LAND & GENERAL BHD:由于疲软的房地产市场,被其联营公司Country Garden (M) Properties Sdn Bhd (“CGPM”)的亏损份额抵消] - James的股票投资James Share Investing 26-Nov-2019 Land & General Bhd - Persistent Challenges Showing 1 to 2 of 2 entriesPrevious1Next Business Background Land & General Bhd is a property development and investment company. The company is also engaged in providing education, oil palm cultivation, and the operations and management of Sri Damansara Club. Its segments consist of Property engaged in the development of residential and commercial properties; Education that operates co
Land & General Berhad ("L&G") - Proposed Share Buy-back You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
This is a good company. The major shareholder David Chou is a genuine owner , keep buying company shares but never sell. Paying dividends to shareholders every year. Only this year due to covid pandemic no dividend payout but proposed to use the profit to shares buyback which will benefit all shareholders. The shares downturn is just a temporary setback due to withdrawals of foreign investors, I guess. The proposed shares buyback will push up the shares price soon. Buy and keep.NTA abt 37 sen with strong fundamentals
1)革免个人的产业盈利税, 有效期限从2020年6月1日至2021年12月31日, 每个人限售3个住宅单位. The exemption for personal or individuals on property gain tax(RPGT), valid from June 1, 2020 to December 31, 2021, each person is limited to the sale of 3 residential units.
2)The RM500,000 or below starter homes likely to boom Buyers for first homes priced below RM500,000 will get FULL STAMP DUTY exemption on Memorandum of Transfer (MOT) and loan agreement. This is effective for agreements inked from January 2021 all the way to December 2025. If this is not attracting first time home buyers to buy, I am not sure what else would.
3)Rent-To-Own scheme for FIRST-TIME home buyers only Government to cooperate with selected financial institutions to provide a Rent-to-Own scheme. This programme will be implemented until 2022 involving 5,000 PR1MA houses with a total value of more than RM1 billion and reserved for first-time homebuyers. This is a SUPER important measure in my opinion. Many may want to buy a home but may not yet have enough downpayment. With this scheme, the buyer can start to become more responsible and may have a chance to own a home a few years down the road.
4)Stamp Duty exemption on stamp duty exemption on loan agreements and transfers given to rescue contractors and original buyers of abandoned houses This has been extended for another five years. Finance Minister Datuk Seri Zafrul Tengku Abdul Aziz said, “This exemption is for the sale and purchase agreement completed from Jan 1, 2021 until Dec 31, 2025 for abandoned housing projects approved by the Ministry of Housing and Local Government.”
5)New homes under People’s Housing Programme and Rumah Mesra Rakyat RM1.2 billion will be provided to build up to 14,000 houses under the People’s Housing Programme and RM315 million to build 3,000 units of Rumah Mesra Rakyat by Syarikat Perumahan Negara Berhad (SPNB).
There are 5 things mentioned above on Budget 2021 for property market. Actually, the above is to stimulate the property market and it is mostly targeted at first time home buyers which will be a very big group. By the way, majority of buyers are buying RM500,000 priced homes or lower and not homes priced above RM500,000. Thus, if the property market moves, this will create a lot of positive stimulus effects to the construction industry too. In other words, these 5 things done right will create more than 5 benefits listed above. Happy thinking about it, seriously. (I meant first-time home buyers) !
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
luckyman
694 posts
Posted by luckyman > 2020-06-07 10:52 | Report Abuse
https://www.malaymail.com/news/malaysia/2020/06/05/tax-reliefs-for-real-estate-automotive-industries-under-penjana/1872818
Good news for property counters