Beware of small-cap property counters. They may have registered phenomenal earnings in the past quarters but generally investors shy away from these small caps. Why? Small-cap property counters are akin to airlines company that owns 2 planes. If one of the plane crashes, they will surely be out of business. Same thing here. If one of their projects failed, they will surely be affected badly. Big cap can just carry on by switching to sleeping mode during the bad times.
Sell now if u play contra. It will be drop further. Furthermore, budget will not bring any good news on it. It can be seen drop few days all property share.Long term this share will loook good.
You are correct Lonaldo.L&G no more attractive now with dilution (boleh naik,limited gains),we can focus on others like TalamT,but still can wait for few days,perhaps this month.L&G can onyl buy if back 0.36
Anyone can tell me other than foresta project, any project have sold to the public? If only left foresta project, then next quarter revenue will surely drop due to no more project generated from element ampang. If u keep until next quarter out, im surely u will redget. Next quarter revenue confirm drop alot if compare last quarter
This ceo always NATO (no action talk only), from the beginning of 2013, already say wan to launch golf club, Foresta 2 in 2013. Then say wan to go in penang and sabah project. Then he repeated it again in 2014. Until now,already near to the end of 2014, nothing accomplished. Typically NATO type of CEO lau gay teck
With the unbilled sales left only 390million and no more project. Foresta will be completed only in end of 2015. With the lambat and gamtam style fro. Main shareholder Mayland, this project sure delay. Refer to element ampang, they delay the completion by 3month. Hence assuming the project will be complete on early march 2016, there is 7 more quarter to go. Revenue will be reach average of 55mil per quarter.Assuming the earning is 15%, the profit only stood on 5.5mil per quarter, which is only eps one sen. If add on the new property on putrajaya, only contribute 0.5sen per quarter to profit. Hence eps left 1.5sen. Plus share diluted. I cannot imagine how bad it is l&g share look like. Good luck for remaining shareholder. Popi this NATO Low Gay Teck faster launch his project sooner
Bing, try to search on previous history project on mayland on lowyat forum. See what they comment. You can refer to element ampang lowyat forum as well. I know the company management have make an promise to deliver on time. But base on past history, they always fail to do so. My advise is sell now. Only buy if they really launching their project. (I mean they really sell on market).
almost all LA converted,mother shares >2x,dilution effect will be twice also,if market crash continue,all the way back to where it was 0.35,goog luck to all still holding
Timing is right again for round 6 coming up 1. DIVIDEN over 2. Conversion over 3. Budget over 4. Fed Decision weighted to no changed to more help given 5. Foreign outflow 6. Coming!!! Tomorrow???? Get ready!!
I see more upside than downside for this moment. 1. There will be window dressing soon for year end 2. The budget announced MUST show positive reaction 3. Foreign outflow may reverse from the recent message by Feds
Bad sentiment for the market now, I reckon that towards the yr end, it will pick up the bull run again. But for this few weeks, it doesn't look good...
Which one comes first Fed QE or market reaction? Is market reacting to QE & FED policy or FED using market performance to develop policy or FED using their market indicators such as unemployment, Manufacturing index, sales,...to gauge? If the answer is already obvious, the market also factor in Ukraine, sanction vis a vis against Russia, ECB and Asian sentiment. The way the market works is, it takes the first right to mitigate the risk by factoring each scenario. Let me tell you if the market crash, Fed, ECB and World Bank will be the biggest loser. If they lose, ask yourself what will be left of the system? If they lose, they will take every loan back right? The way the games goes, the hold a trump card of liability vs asset. Liability being the loans and asset being the GOLD. Every other commodity is transparent example oil is controlled, CPO, Steel production, ..... So now you know why they hedge gold so quietly is because if all fails, the GOLD maybe the bargaining chip to buy back cheaper assets to control the system again.
Why else is US spending other ppls money first and be in trillion debt while they & their cronies will hold every edge and hedge in GOLD. We know oils will dry up soon and they have to hold back CPO and development of use as long as possible to come up with an accepted alternative. As long as nett commodity flow out from US is allowed to grow even if it's production, US will not be able to control. Does China follow Intellectual Property? Similarly use of CPO if allowed to grow, will start to stunt their growth. US will survive amongst their cronies which include themselves with Feds as their accountant, IMF, World Banks, however in Asia we are still competing individually without any rules. US has waited for free market and now they need to control the region with policies. This is where TPPA and other sub policies will do their job to ensure the rules of the games is adhered
Until then, if really US and cronies crash before they have all in place, Asia maybe the next prevailing leader however we will lead ourselves individually. Our billionaires are already buying outside Malaysia and in particular UK. Because UK is not part of EU, they will wait for EU to collapse and start buying in. But for now, it UK first.
So for those who think market crash, better think of another angle as u maybe late for the next course of buying if you are late
Recently the asia market n world market is fluctuate due to few reason. Don so silly think that the share will continue up with material increase, gst, etc. Since the euro crisis on 2009 , what the world market action take is printed more money n lower interest rate. That why most investor use this lowest interest rate tool to invest share n property . Again , people are easy forgotten n over optimisc. From 2009,klse had rebound from 850 to 1900 highest. This scenario happen too in other world market. Recent conflict between russia vs Ukraine had raise most people concern that Usa are impose economic punishment toward russia. All the big fund manager and federal usa are united together to collapse the economic of Russian by attacked their currency n share index. In meanwhile Usa also need enough bullet to fight russia because russia also big country with strong reserve national treasure. So what Usa do, simple.just increase the interest rate which will cause world investor money flow back to usa to help Usa to fight russia. Recent report by Imf spread news that third country asset are high risk and will be correction and advise investor avoild it. China and german economic also slowed down. Last time 2007 market slump is due to bubble of mortgage. This time market slump will be cause by usa over printing money. Never pick the falling knife. If i didnt guess wrong, L&g will back to.Rm .40 to 45 cents within 3months...i don want to spread bad news, just hope contra player be aware. If really wanna buy this counter , good time is april onwards....
Asia should be fine. Just temporary concern about Western economy.
Asian markets suffered fresh selling pressure Monday while the dollar dipped and oil hit multi-year lows following another round of losses on Wall Street fuelled by global growth concerns.
There was little movement immediately after China released data showing a better-than-expected jump in exports and imports.
Investors are also warily watching events in Hong Kong as police begin removing barricades erected by pro-democracy protestors that have jammed up some of the city's main roads for the past two weeks.
Hong Kong lost 0.66 percent, Shanghai fell 1.05 percent, Sydney lost 0.67 percent and Seoul eased 0.65 percent.
Tokyo was closed for a public holiday.
Global markets have been sent into a tailspin in recent weeks as traders fret over the state of the global economy, with China, the eurozone and Japan struggling despite the United States clawing its way back to health.
The latest indicators on the global outlook came from Beijing Monday, with official data showing exports rose 15.3 percent year-on-year and imports climbed 7.0 percent.
The rise in exports accelerated from August's 9.4 percent and was ahead of the median forecast of 12.5 percent. The survey had predicted a fall of 2.4 percent in imports, matching a surprise decline in August.
Customs spokesman Zheng Yuesheng attributed the improvement to major economies recovering and external demand strengthening.
"The good momentum is expected to continue in the fourth quarter," he added.
- Warning over China -
But while the figures beat expectations, traders are still worried about the strength of world's number-two economy, which is a key driver of global and regional growth.
Desmond Chua, market analyst at CMC Markets, told Dow Jones Newswires the data "was a lot more disappointing than we had expected" and "cements the view that China might be in for quite a hard landing".
On currency markets, the dollar eased to 107.15 yen from 107.65 yen in New York Friday, while the euro was at $1.2683 against $1.2627.
The single currency was also at 135.61 yen, from 135.97 yen.
The Japanese yen, which is considered a safe bet in times of turmoil, has rallied over the past as equities markets have tumbled.
Wall Street's three main indexes ended in the red on Friday. The Dow fell 0.69 percent, the S&P 500 tumbled 1.15 percent and the Nasdaq slumped 2.33 percent.
In Hong Kong, police began removing some of the barricades that have clogged up parts of the city, catching some demonstrators unawares after their numbers had dwindled overnight.
However, the protesters remained at the site in Admiralty district and police said they were intent on clearing blockages to traffic rather than ending the demonstration.
While the Hang Seng initially tumbled in response to the stand-off, it recovered most of its losses as tensions have cooled, despite the city's partial shutdown.
Oil prices tumbled again on pessimism about demand for the black gold. US benchmark West Texas Intermediate for November delivery fell 94 cents to $84.87 -- its weakest for two years -- while Brent North Sea crude lost 96 cents to a four-year low of $89.25.
Gold was at $1,233.38 an ounce against $1,222.00 late Friday.
The saturn return advice and tips make most people lose money, i am curiosity which claimed by himself bought 2mil share by him until today is still holding yet.. haha.. never believe news and tips spread by some expert. Is ok, pay money to learn experience.. don blame people also. This is freedom of market rule
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Posted by matakuda > 2014-10-08 07:12 | Report Abuse
Beware of small-cap property counters. They may have registered phenomenal earnings in the past quarters but generally investors shy away from these small caps. Why? Small-cap property counters are akin to airlines company that owns 2 planes. If one of the plane crashes, they will surely be out of business. Same thing here. If one of their projects failed, they will surely be affected badly. Big cap can just carry on by switching to sleeping mode during the bad times.