If we annualize its 1HFY14 net profit, its projected EPS for FY14 will be 10sen (total shares 633.6mil on 13 Dec 2013), which will give it a projected PE of only 4.7x. If we give it a target PE of 10x for mid-cap developer, then L&G's target price will be RM1.00.
This annualized profit is very conservative as L&G's subsequent quarterly results are expected to be as strong as its FY14Q2
L&G does not give dividend for a long long time, but with its strong cash position, it is likely that it will start to reward its shareholders with dividend soon.
L&G's profit for the next 1-2 years is almost guaranteed with its strong unbilled sales of Elements & Foresta phase 1. Its future growth will depend on the success or failure of new projects in Ampang, Foresta phase 2 and Seremban.
Only managed to grab 10lot @0.375 last year.. Lol.. My other holdings gadang, fitter, scomies and high5. All bought since last year.. And I must say, worth the time and patience researching.
Hmm.. A promising 3 years of project.. This is worth investing.. But I don't think it will jump like rabbit but rather crawl like tortoise.. It's doesn't matter how fast it climb, as long as it reaches its destination, it's good enough for me. :-)
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 801 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
POORDAD
249 posts
Posted by POORDAD > 2014-01-10 23:49 | Report Abuse
chanpinbeh: if dont break above 0.45 means throw it all?