Keep till Budget 22 announce in next week. definitely there will be incentive for affordable home & home Lagenda is leading affordable home player which is direct beneficiary.
Furthermore, hot money in property sector now.. Big Cap Players are overbought, theme rotating to mid cap player..
Well, investment bank analysts give conservative price targets because they are heavily regulated. But the actual price target is of course, higher than that.
Old story by HLIB on 8thOct2021: 3Q updates and expectations. Despite longer restrictions from NRP Phase 1, management shared that sales and construction activities have been better QoQ driven by strong demand for affordable housing. We gathered that it will be a flattish QoQ (if not better) as the company is ramping up its operation activities following the higher workforce vaccination level (close to 100% fully vaccinated) and easing of restrictions since mid-Aug. Management shared that sales momentum were strong since July despite the lockdown evidenced by c.RM1bn of bookings and confirmed sales achieved YTD. With historical conversion rate of >90%, we believe Lagenda may exceed its sales target of RM1bn. https://klse.i3investor.com/blogs/hleresearch/2021-10-08-story-h1591962521-Lagenda_Properties_Affordable_Housing_Demand_Still_Strong.jsp
1b sales are easily achievable for affordable housing and I expect the result in Q4 will be better since the construction division has been operating at full capacity.
Bank Negara must review financing model for easier home ownership — PM | CEO Morning Brief https://ceomorningbrief.theedgemalaysia.com/article/2022/0329/Home/8/606987 to ensure financial institutions allow easier financing for the B40 and M40 groups to own People’s Housing Projects (PPR) units and other affordable homes. The focus will be on direct purchase and rent to own (options),” Ismail Sabri said Positive to Lagenda Scientex Matrix
I believe many people being trapped after this company announced good QR. This stock always like that, like to use good new or good QR to trap investors.
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....
davidkkw79
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Posted by davidkkw79 > 2021-10-08 20:14 | Report Abuse
【行家论股/视频】Lagenda产业 可负担屋认购率强
Lagenda产业(LAGENDA,7179,主板产业股)表示,由于可负担房屋需求强劲,公司将能实现10亿令吉的销售目标。
https://www.enanyang.my/node/434744