with price of 0.2 , 0.01 =5% return.. consider high interest, but people dont have confident in this counter... its project not really earning much in aspect of property development. Many property are on sale.
We are not interested in its projects...wat we are interested is its 4800 acres of massive landbank tat if part of it disposed and sell off, could bring windfall of dividend or special payment to Shareholders...in tis Covid era, property dev wil see huge earning erosion BUT Mkland is focusing on low cost housing which has high demand n very affordable...Selling land is more profitable than developing houses currently...Unlike big developer like Mahsing or LBS tat has set billions of sales target tis year which is bound to disappoint, Mkland is safe cos it doesn't embark on aggressive launchings tat wil keep its overhead cost at minimum n won't be affected much by the MCO...
@NickOoi, people waited for years only got to see the increment on Monday, and yet still not reaching to the value of what the investor evaluated.You can study the graph and its results, this counter growth is a question mark. If you are to invest in here, be ready to get stuck for a period and if you are lucky, you might get to dispose your portion and get your gain before they pay their dividend.
MKLAND - Notice of Book Closure MKLAND - Notice of Book ClosureILC-19032020-00002Interim Single-Tier Dividend of 1.0 sen per share on 1,204,589,984 ordinaryshares in respect of the financial year ending 30 June 2020. Kindly beadvised of the following : 1) The above Company's securities will be tradedand quoted "Ex - Dividend? as from: 28 May 2020 2) The last date of lodgment :29 May 2020 3) Date Payable : 17 Jun 2020MANAGER, REF. DATA MANAGEMENTYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Property sector will suffer after memoratium over in September ...Most will come under fire sale as they can't afford to pay their loans anymore... Oversupply issue will get worse
Property index wil be the greatest loser after MCO lifted as most developers wil find it hard to launch new housing products due to recession n lost of income of most workers...Covid Pandemic+oversupply+recession has posed a triple threats to the property industry tat has failed to recover from slump...
Mkland is the safest counter in Pandemic era supported by dividend with landbank asset n zero gearing tat will sail it thru hard time unscathed...those developers with high borrowings will be in trouble as coming property crash will cut thru balance sheet with no mercy
I Don see any fundamental reason why it should rise further besides the as we are still in Pandemic crisis as things might get worst...Other than goreng activities tat wil trap us into buying for the benefits of the syndicates
Falling back to 0.13 now... It is clearly perfect strategy done by syndicates to trap you into buying n later on dump all to you at high price for instant huge profits...
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....
darkxfs
2,121 posts
Posted by darkxfs > 2020-04-07 08:11 | Report Abuse
greenyb also low price