Kudos to those who SOLD 1.43 and above ! Hopefully it can go all the way to where it belongs. Otherwise, let's be patient for 1.30 range by any chance.
Doesn't the company have to make some regular update on any further development on the following adverse matter, like PN17 classification? No update for such a long while.
A likely focus to aid homeownership would positively impact almost all property developers, UOB Kay Hian analysts including Vincent Khoo wrote in a report this month. Builders with large exposure to first-time homebuyers and affordable houses like Lagenda Properties Bhd (KL:LAGENDA) and Mah Sing Group Bhd (KL:MAHSING) will be key beneficiaries, amid expectations for more initiatives to help the low- to middle-income groups with improved financing schemes and stamp duty exemption.
Lagenda reported strong financials, with an EBITDA of RM238 million in 2023, projected to increase to RM329 million in 2024 and further to RM523 million by 2026. Its earnings per share (EPS) is forecasted to reach 24.4 sen in 2024, rising to 38.4 sen by 2026, indicating a healthy growth outlook. Lagenda is also anticipated to offer an attractive dividend yield of 5.3% in 2024, which could increase to 7.0% by 2026.
During Q3FY2024, the Group recorded revenue of RM283.4 million, representing a significant year-on-year increase of 30.1% compared to RM217.9 million in the same quarter of the previous year. This growth was driven by an increase in revenue across the property development, construction, and trading segments. Specifically, the property development segment registered a 50.5% increase in revenue, spurred by the successful launches of new projects such as Darulaman Lagenda Phase 3A (Kedah), Lagenda Suria Phases 1A and 1B (Johor), Puncak Warisan Phase 1 (Johor) and Lagenda Aman (Perak). The Group also achieved a new milestone in this quarter, recording its highest-ever quarterly property sales of RM349 million, with contributions from the states of Perak, Johor, and Selangor. As of 30 September 2024, the Group reported unbilled sales of RM835.2 million and additional bookings totalling RM306.5 million, further strengthening its earnings
Q1 2024 As of March 2024, our unbilled sales stand at a healthy RM 751.9 million, with outstanding bookings reaching RM 230.7 million, providing strong revenue visibility for the coming quarters.
Q2 2024 As at 30 June 2024, our unbilled sales stood at RM743.47 million while bookings were at RM542.73 million
Q3 2024 As of 30 September 2024, the Group reported unbilled sales of RM835.2 million and additional bookings totalling RM306.5 million, further strengthening its earnings
The Johor-Singapore Special Economic Zone (JS-SEZ) is a joint initiative between Malaysia and Singapore to increase economic connectivity and business growth in the region:
Goal: 1. To improve the cross-border movement of people and goods.
2. Location: Spanning six districts in southern Johor, including Johor Bahru, Iskandar Puteri, Pasir Gudang, Pontian, Kulai, and Kota Tinggi.
3. Focus industries: Logistics, financial and business services, tourism, food security, education, healthcare, the digital economy, energy, and manufacturing.
4. Incentives: Special tax arrangements, passport-free clearance, training incentives, and joint events promotions.
5. Benefits: The JS-SEZ is expected to attract foreign direct investment, encourage technology transfer, and stimulate growth across various industries.
Most counters that had issue with MACC has faced difficulty in moving back up to initial high. They will need something really solid to gain back investor confidence in the stock. And not to forget there are many other safer high potential property stock available. For those willing to hold long term maybe next year Lagenda can attain back its high position
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....
Shines
2,824 posts
Posted by Shines > 2024-09-12 12:53 | Report Abuse
Oh really, I waited for 1.20 day in and day out cannot get