One year ago, the company have three projects on going, named 8trium, Foresta and Elements Ampang. 8trium already delivery and unbilled sales have fully utilized. And in the past on year, sales recognized from Foresta and Elements. The latest brilliant quarter result is due by the delivered of Elements Ampang (the final 10 to 15% of the 50% GDV).
Thus, with the delayed on launching Tuanku Jaafar in Seremban, the current performance may not sustained. Even the launching of Elements2 in next month may not get the sales to book in next quarter.
20sen eps or 52m net profit per quarter is doubt or unrealistic due to current project left only Foresta. Do not expect brilliant sales in coming quarters like one year ago and disappoint with the slow launching.
Even the sales might not sustained after this quarter, the potential of L&G is bigger than last year, with sitting of 443m and retained profit of 314m, the company can go big. The wild cad for the company in near term are potential MGO trigger by Mayland, or bonus issue in 1Q 2015 with the reserve in hand.
Contra player for today will be a very good experience for this counter.. with low volume before financial result, that mean no big fish accumulated for join this game, but after financial result come out, market had plenty of share sold to small shareholders n contra player..that mean big fish or other pick low small shareholder previously sold today...beaware n wake up.. price is determined by supply n demand concept..if everbody buy for long term , this counter will be steady grow, but reality is most smallshareholder buy n Hope win 5 to 10% profit within 3 to 4 days, again without big fish support, it will back to square for panic sell in T3 or trap by pick up..financial result doesnt mean will lift up this share, it must be buyer intention more than selling side. Hope contra player will not burn their money after 3 days later...good luck
element ampang is 50% JV with mayland, so the profit is divided into half , so what if you think about Damansara Forest PH1 all get done , and the profit would be how much. 2011 - L&G + Mayland use RM55M to laund Element@ampang 2014 - L&G + Mayland use RM118M to launch another Element 2@ampang step by step, keeping busy even market is low
Each of the stocks have own individual growth level and so do Seal as well.Seal has make me more than 100% in the past one year due to its well selling property projects and the drop in financial performance is expected for the coming few quarters as well.This is because the earnings ability of existing biz of SEAL is not that impressive.So the question of lousy is depends on which stage that we are boat in.If we enter for now,it is obviously.....
Back to L&G,I see there is a chance for the stocks to have 75-100% gain by next Sept as the co ROE is improving substantially.Note,this is my second entry after cashing out with more than 100% within one year.We wait and see.We just made a comparison with titijaya as well as SHL which have similar market capitalization,then we could see some spark.Can our dream realize?we eagerly while also patiently looking forward on that.Cheers
EPS of nearest 4 Quarters 4.04 3.22 4.48 7.92 Assuming they sustain their profit at 4 EPS per quarter and a PE ratio of 6, The price would be 4.0 x 4 x 6 = 96 cents, with conservative assumption.
At 58 sen now, the company is valued at about RM 600 mil based on its market capitalization. However, it has made RM 90mil for 6 months ended 30 Step 2014. Thereotically, it should have another RM 100mil profit that can be derived from its existing Foresta phase 1 for which the land cost should be very low or cheap. This estimated RM 100mil profit should be recognised and sustain its earnings for the next 3 or 4 quarters. Moreover, it should launch its Seremban landed development, Foresta phase 2 and The Elements 2 soon next year to sustain its earnings for the next 3 years. So, this company is at least worth watching as its PE is pretty low and it has good profit growth potential.
L&G is a safe counter. It is trading below its NAB of 57c with historical yield of 3.77%. It is likely that the dividend will be increased as a result of increase in profit this financial year. Accumulate
how to defined "undervalue counter"? L&G why been always called so call undervalue counter, reason is no matter how good the results the price still remain same. For any long term investor, first thing to consider is " dividen" , the price will increase proportional with its quarter result when the good news something bonus share, dividen which will attract more investor eyes on this share..this happen such as huayang, oskp, sbc, etc . otherwise it will remain undervalue for long time.. don buy just see the low pe, we know investor had money to bought it, samething big shareholder also plenty of cash 440million...if they don buy, why u move?
Yes I agreed that dividend yield and the NAV are the price influencing factor rather than the PE for a property company like L&G. Notice that I mentioned that it is a safe counter rather than an undervalue counter. In time of uncertainty it is safer to hold on to the shares of a company that is trading below it's NAV with a dividend yield that is higher than the bank. If L&G maintains its increase in profit over the next two quarters, it is highly likely that the company will double its dividend and hence double the yield (from my experience as an ex CFO of listed property companies for 13 years). Hence my recommendation to accumulate.
I believe one of the reasons why L&G price wont up is due to the issue of ICULS. Some investor don't buy as they worry about the dilution of EPS due to conversion. But L&G has shown good performance n earning over the year despite the dilution. Give some patience, it may go up wildly if the performance is sustained over next two quarters. My two cents.
One year ago, the company has three projects on going, named 8trium, Foresta and Elements Ampang. 8trium already delivery and unbilled sales have fully utilized. And in the past on year, sales recognized from Foresta and Elements. The latest brilliant quarter result is due by the delivered of Elements Ampang (the final 10 to 15% of the 50% GDV).
一年前,该公司有三个项目在进行,名为8trium,Foresta 和 Elements Ampang。 8trium已经交付和未入账销售额已充分利用。而在过去一年,Foresta 和 Elements Ampang进帐到销售额。最新的辉煌季度的结果是,由于由Elements Ampang(最后10%至15%的50%GDV)。
Thus, with the delayed on launching Tuanku Jaafar in Seremban, the current performance may not sustained. Even the launching of Elements2 in next month may not get the sales to book in next quarter.
20sen EPS or 52m net profit per quarter is doubt or unrealistic due to current project left only Foresta. Do not expect brilliant sales in coming quarters like one year ago and disappoint with the slow launching.
Even the sales might not sustained after this quarter, the potential of L&G is bigger than last year, with sitting of 443m and retained profit of 314m, the company can go big. The wild cad for the company in near term are potential MGO trigger by Mayland, or bonus issue in 1Q 2015 with the reserve in hand
营业额在这个季度以后可能无法持续,但L&G的全年4亿4千3百万的营业额及3亿1千4百万的分配利润 大于去年,公司可以做大。短期内会有可能Mayland发动MGO(Mandatory General Offer,强制性全面收购建议)或在1Q 2015利用在手储蓄发红股。
The recent report has spark my eye as I am anticipated the current quarter will appox RM 20-30m only as I viewed the effects of completion of Elements has been priced in last q,nevertheless,the current result will act as booster for my valuation and a bonus to all of us.Cheers.
Ringgit has depreciated a bit lately due to drop in oil prices & concerns on our economy. So, would people choose to park their money and invest in properties again instead of seeing their ringgit drop in value?? So, Forests 2 may see good response upon launching
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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....
johnkiew
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Posted by johnkiew > 2014-11-27 10:33 | Report Abuse
One year ago, the company have three projects on going, named 8trium, Foresta and Elements Ampang. 8trium already delivery and unbilled sales have fully utilized. And in the past on year, sales recognized from Foresta and Elements. The latest brilliant quarter result is due by the delivered of Elements Ampang (the final 10 to 15% of the 50% GDV).
Thus, with the delayed on launching Tuanku Jaafar in Seremban, the current performance may not sustained. Even the launching of Elements2 in next month may not get the sales to book in next quarter.
20sen eps or 52m net profit per quarter is doubt or unrealistic due to current project left only Foresta. Do not expect brilliant sales in coming quarters like one year ago and disappoint with the slow launching.
Even the sales might not sustained after this quarter, the potential of L&G is bigger than last year, with sitting of 443m and retained profit of 314m, the company can go big. The wild cad for the company in near term are potential MGO trigger by Mayland, or bonus issue in 1Q 2015 with the reserve in hand.