Posted by mikeann > 2024-07-31 17:12 | Report Abuse

KUALA LUMPUR (July 30): Avaland Bhd (KL:AVALAND) topped out Alira Subang Jaya, a serviced residence in Tropicana Metropark, Subang Jaya, which has achieved a 95% take-up rate, on Monday (July 29), according to a press statement on Tuesday.

https://theedgemalaysia.com/node/720923

Posted by SKY2 > 2024-08-01 10:20 | Report Abuse

bought this small cap jewel , still much undervalued

Posted by fregend > 2024-08-01 17:37 | Report Abuse

why hidden gem?

Posted by enigmatic [bamboo investing style] > 2 months ago | Report Abuse

My fair value for AVALAND is RM0.46.

Posted by Ayong21 > 2 months ago | Report Abuse

0.46 too high about 25 sen is right

Posted by leokoo > 2 months ago | Report Abuse

might as well say 0.17 :p With the P/E of 4.63 (compared to Mahsing, P/E of 20, or SP Setia, P/E of 10), Avaland is undervalued

Posted by Val-Elta > 2 months ago | Report Abuse

Actually, the problem with Avaland is due to our own fellow Avaland investors themselves, as long as we have fellow investors willing to take quick few % profits, or worst cut loss, the share price will hard to appreciate. Don't say Mahsing etc in the property area, plenty of other shares in KLSE that doesn't make sense or justified with high PE, but people keep buy into them, and eventually get burned like the recent tech crash.

With the latest unbilled sales of 950m locked, 1H new property sales of about 470m, Avaland is on track to finish 2024 with ~900m new sales for the year, supporting consistent EPS of 1.5-1.7 per share, reducing finance charges, improving cash flow and net cash per share to eventually possible dividends 1 year+ later, but these are long term goals, and I really doubt most of the investors look at such horizon anymore.

Posted by Val-Elta > 2 months ago | Report Abuse

Having said that, there are some positive indicators if you study the top 30 shareholders.

We start to have more big names, international funds buying in, one of the MCT founders Berry Goh have already reduced his shares YoY, and maybe disposed all already by now, another MCT founder Tong could be the only source of 'big sales' pressure only.

What could sustain the share price, and stage a long term rise would mostly depend on these 2 groups of large shareholders, if QoQ the financial performance is good, the funds may continue to increase their stake, buying out the retailers.

The fed rate cut may also contribute positively as well, as it will free up more funds from the US to be invested elsewhere, hopefully Malaysia can be the beneficiary of the inflow as well

Posted by nemesis > 1 month ago | Report Abuse

Sleeping mode already...volume also tumbled significantly...

Posted by mikeann > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/729964

Posted by zildjian > 1 month ago | Report Abuse

@nemesis don’t be sad, ur dream will come true one day

Posted by avlnd168 > 1 day ago | Report Abuse

Avaland Berhad has received the TOP-OF-THE-CHARTS TOP 10 Award at the recent Malaysia Developer Awards 2024!

https://malaysiadeveloperawards.com.my/the-award-winners/2024/

Posted by fregend > 1 day ago | Report Abuse

Good QR but dead counter

Posted by mikeann > 1 day ago | Report Abuse

Subang Jaya, 20 November 2024 – Property developer Avaland Berhad
(“Avaland”) sustained its positive momentum as the Group more than
doubled its net profit to RM68.2 million in the nine months period ended
30 September 2024 (“9M2024”) from RM28.5 million in the previous
corresponding period.
The improved bottomline was achieved on the back of 91.7% higher revenue
of RM664.4 million in 9M2024 against RM346.6 million in 9M2023. The
increase in revenue was mainly contributed by advanced construction work
progress from its ongoing projects coupled with commendable take-up of
recently launched projects, namely Casa Embun Phase 2, Amika
Residences, Aetas Seputeh and Anja Residences & Signature Retail.
For the third quarter ended 30 September 2024 (“3Q2024”), Avaland
registered a net profit of RM25.4 million on revenue of RM231.5 million. As
a comparison, the Group reported a net profit of RM17.2 million on revenue
of RM156.2 million in the previous corresponding quarter.

Posted by nemesis > 16 hours ago | Report Abuse

Any idea whether Avaland is gonna announce dividend policy soon? With current unbilled sales of 986 mil as of end of Sept, that should provide strong earning visibility for 3 years to come...its parent company Ayala Land is a dividend company so hopefully Avaland will also share its profits as dividend with shareholders soon...

Posted by nemesis > 16 hours ago | Report Abuse

Avaland has already planned 1.5 bil launches next year 2025 so its total unbilled sales will continue its strong n sustainable growth moving forward...this is definitely a growth stock in the making now the only catalyst to propel the stock higher to align to its fair value is dividend declaration which I believe is possible given its strong growth...

Posted by Val-Elta > 15 hours ago | Report Abuse

Nemesis, for dividend to be declared, they will need more net cash from operations, don't forget this quarter is their first quarter with ~53m net cash from operations.

Moving on they shld be able to keep 50m+ net cash from ops per quarter, with 200m net cash from operations for fye2025.
Deduct 100m for land purchase, deduct 50m for net debt reduction, and I see some possibility for 20m in dividend payment?


Don't forget Avaland 9 months earning now is already the highest amongst all annual earnings in their 14 years of history! + The 4th quarter earnings, it will be highest annual earnings and highest ever net profit in total.

Record high earning, record high net profit! Shld be supported by record high share price :)

Posted by Val-Elta > 13 hours ago | Report Abuse

Also, for investors who're not aware
Avaland have about 250m aset in unfinished property development in their Skypark Cyberjaya project, their mall and tower 4 (hotel)

Previously, MCT wanted to keep these assets and operate for recurring income.
This two buildings just resumed back their construction, and should be finished by Dec or latest, I think by 1st Q 2025.

Let's see how their management is able to execute, I believe if they resume their works and want to finish the building construction, they should have a buyer/plan to operate the buildings.... if yes, that'll positively impact the income moving forward too.

This is something they've not widely shared though, and maybe of interest to you all.

Posted by nemesis > 13 hours ago | Report Abuse

Thanks for the Good analysis Val-Elta...I believe 2 sen per share annual dividend is in my guesstimate

Posted by nemesis > 12 hours ago | Report Abuse

Ayala Land is a well known largest developer in the Philippines...I m sure it will maintain its good reputation to share its profits with shareholders in all of its subsidiaries...