Posted by daizan55 > 2014-08-26 12:44 | Report Abuse

the quarterly report will be out today?

Posted by kwongliang > 2014-08-26 14:18 | Report Abuse

I am holding this counter since Apr-14, when the previous quarter result is out, share can't move up, then hold for next quarter result. Wonder this trend will re-happen quarterly???

Posted by Dunknow > 2014-08-26 14:21 | Report Abuse

yup,me too...holding too long,i will have dispose this counter if same thing happen,reoccurence

Posted by speakup > 2014-08-26 14:22 | Report Abuse

nickyeo55, affordable house champion was TALAM. look where TALAM is now.
luxuy house champion is MAH SING. look where MAH SING is now.

Posted by speakup > 2014-08-26 14:24 | Report Abuse

problem is house buyers dont appreciate affordable housing. deep down house buyers want luxury houses. this explains why affordable housing developer like TALAM almost bankrupt, while luxury housing developers like MAH SING trive.

Posted by Jeffrey Yong > 2014-08-26 16:40 | Report Abuse

What happened to the second interim dividend...still not paid???

Posted by Shacks > 2014-08-26 17:00 | Report Abuse

can't break 0.52, but can't stay on 0.50... what's going on with this counter?

Posted by damagpie > 2014-08-26 17:11 | Report Abuse

This counter is stable and dividend yield is very good. If you have spare cash and looking for a safe investment which is better than FD then go for it.

Posted by angelinaloke > 2014-08-26 17:31 | Report Abuse

if dividend yield , star much better then this ! this is only a goreng stock but not in goreng mode yet..

Posted by nemesis > 2014-08-26 17:34 | Report Abuse

I just pass thru damansara perdana today and i ve come across acrosss menara mustapha kamal and i olso seen the huge development by empire mammoth in the vicinity and i olso viewed the massive MRT project along the way...Now i begin to feel optimistic on the future development of damansara Perdana...Infrastructure is so complete i believe Mkland will be rerated very soon with a strong BUY!

Posted by kktom > 2014-08-26 19:45 | Report Abuse

this counter was rated outperform some time ago.On that day the price surged 3cts and next few it siowly died down in volume.I have been in this counter in and out 4 times n make some gain each time.If wanted to ride tis dragon you really have to wait for the lowest volume like now,slowly accumulate.

Posted by nemesis > 2014-08-27 09:47 | Report Abuse

today is financial result release day...i m very sure mkland shares will rebound strongly later...explosive 4th qtr result after 5 pm...

Posted by kwongliang > 2014-08-27 11:50 | Report Abuse

some property counters quarter results performance announced this month were dropped. Doubt whether MK Land result will be better?

Posted by nickyeo55 > 2014-08-27 11:57 | Report Abuse

I think much much better

Posted by Jien Han > 2014-08-27 16:55 | Report Abuse

This counter needs more advertisement.

Posted by nemesis > 2014-08-27 16:56 | Report Abuse

hey wat is damn wrong with Mkland? It seems like it is facing selling pressure day by day...somebody must ve dumping share earnestly...it is the most underperformed property counter of all...

Posted by nickyeo55 > 2014-08-27 17:34 | Report Abuse

why no announcement ? something wrong ?

Posted by nemesis > 2014-08-27 18:02 | Report Abuse

i really feel frustrated now...price weakening and slow announcement....

Posted by nickyeo55 > 2014-08-27 18:25 | Report Abuse

i think both the two BIG BOSSES should explain to the share holder the real situation . During the last AGM they talk very impressive and aggressive but now??????
Planing without proper action to achieve result is just nothing at all.

Posted by daizan55 > 2014-08-27 19:09 | Report Abuse

@nickyeo55: U attended the last AGM?

Posted by nickyeo55 > 2014-08-27 19:12 | Report Abuse

Yes

Posted by nemesis > 2014-08-27 20:15 | Report Abuse

So wat did the bosses say about future prospect of mkland nickyeo55?

Posted by nickyeo55 > 2014-08-27 20:58 | Report Abuse

haha he said share price depend on God wish

Posted by kktom > 2014-08-27 22:05 | Report Abuse

u know wat,I actualy hate these two directors,but just because the share is way under value I will not give up this counter.This counter financial report was always a bit late.Until shit also wanted to come out then came the report.lol.I have this counter since from the price of 0.26cts.In n out a few time making a fare bit.Hope u gays have patience on it.Hopefully there is a big joint venture in the near future.comment only.

Posted by nickyeo55 > 2014-08-27 23:19 | Report Abuse

Mr kktom, big joint venture is your guess or u heard some rumors

Posted by kktom > 2014-08-28 06:06 | Report Abuse

guess only

Posted by nickyeo55 > 2014-08-28 09:01 | Report Abuse

haha i am also have the same guessing like u.
hopefully those who had already purchased land from the co. show interest in taking over OR buying certain % in the co or have intention to joint venture with MKLAND.

Posted by nemesis > 2014-08-28 10:42 | Report Abuse

no worries later price will rebound as today is Q result release day....

Posted by nemesis > 2014-08-28 10:44 | Report Abuse

Mkland is cominnnnnnnnnnngggggggg!!!!! the great rebound haaaasssss come

Posted by nemesis > 2014-08-28 10:46 | Report Abuse

already 0.50 wohooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by sephiroth > 2014-08-28 10:46 | Report Abuse

be careful of kasi loh, every QR, he will dispose a chunk n always drive down the price fron 0.5X to 0.4X, now left 200m shares

Posted by nemesis > 2014-08-28 10:50 | Report Abuse

See now u see how wise they are all the BIG BUAYA...They know tat 4th qtr result will be great...They pressed down the price recently so tat they can collect cheap and sell it back to us at high price once they release the Q result...Tat is how syndicates operate...we are always trapped!

Posted by nemesis > 2014-08-28 10:52 | Report Abuse

hahaha already 0.505...Lewis where are you???? Lets open champagne and celebrate...

Posted by nemesis > 2014-08-28 10:55 | Report Abuse

If close today at 0.51 i am happy already..."BUY when there is blood in the street and SELL when there is PEACE"

Posted by TradeDaily > 2014-08-28 11:00 | Report Abuse

fair value 0.80

Posted by nemesis > 2014-08-28 11:06 | Report Abuse

my fair value is 1.00, NOT 0.80...

Posted by investor88 > 2014-08-28 11:15 | Report Abuse

price is being pushed higher ahead of the quarterly result. I guses we all know the result gonna come out good later !!!

Posted by investor88 > 2014-08-28 11:15 | Report Abuse

buy now and enjoy the ride up together with awesome result =]

Posted by Aliff Jaafar > 2014-08-28 11:21 | Report Abuse

Hold already 5month.. hope gud results by today...

Posted by investor88 > 2014-08-28 11:29 | Report Abuse

research by kenanga http://klse.i3investor.com/blogs/kenangaresearch/58819.jsp

bright prospect for the group

Posted by daizan55 > 2014-08-28 12:38 | Report Abuse

Kenanga value MKland at RM0.64

Posted by kwongliang > 2014-08-28 12:41 | Report Abuse

previous quarter result was good too, but can't move up, just beware.

Posted by Shacks > 2014-08-28 14:35 | Report Abuse

this counter will be swinging between 0.48 to 0.51...

Posted by bigcat > 2014-08-28 14:48 | Report Abuse

In the queue for 0.50 now.

Posted by damiantreez > 2014-08-28 16:45 | Report Abuse

Damansara Perdana developer. Based on the latest Annual Report of 2013, MK Land owned 5,574 acres of undeveloped lands of which 88% are in Perak while the remaining 12% located in the Klang Valley. Of the 5,574 acres, we gather that it owns more than 220 acres of undeveloped prime land in the Damansara Perdana area with remaining GDV estimated at about RM4.0b-RM5.0b. This would provide earnings visibility for at least the next 5-7 years. It is worth noting that almost the whole of Damansara Perdana was developed by MK Land.

To launch about RM500-RM700m GDV in FY15. We understand that the group is looking to launch about RM600m new launches this year. Most of the projects are in Damansara Perdana and Damansara Damai, which comprises semi-detached houses and high-rise residential units. Given that MK Land’s projects in Damansara are strategically located in matured area with great accessibility to various highways and upcoming MRT stations, we believe the group could enjoy strong take-ups despite the property market slowing down following the cooling measures to curb speculation.

Double-digit earnings growth forecasts. In 9M14, the group’s net profit grew 35% to RM35m. MK Land will be announcing its full-year FY14 results soon. We estimate with strong sales recorded in FY14 of about RM400m, the group’s net profit will grow by 30% in FY14 to RM52.8m. As for FY15, we forecast its net profit to continue growing by 13% to RM59.5m on the back of: (i) current unbilled sales of RM300m, and (ii) assumption of new property sales in FY15 of RM450m.

Land sale gain… To recap, on 25th April 2013, MK Land announced that it was selling a piece of land (9.6 acres) located in Damansara at a price tag of RM83m (RM200/psf). Based on the announcement, the land sale transaction is expected to complete within 12 months. Hence, we do not rule out the possibility that MK Land will book the gain (estimated at around RM24m) in 4Q14 results, if not, in FY15. However, we have not built this into our estimates.

…could imply better dividends this year. Recall, MK Land paid 2 sen/share for its last financial year. They have also declared 2 sen so far in FY14, translating into a decent 4.2% yield. We do not rule out the possibility of them paying out another round of dividends for FY14 given: (i) the group’s strong earnings growth, (ii) the group’s strong balance sheet with net cash position, and (iii) potential cash proceeds received from last year’s land disposal gain. If the group distributes 50% of the land sale gain, this translates to another 1.3 sen dividends, which brings FY14 full year DPS to 3.3 sen.

Strong balance sheet. As at 3Q14, the group is in net cash position. This is very comfortable as most developers tend to have net gearing levels of 0.2-0.4x. Hence, MK Land should not have any funding issue in executing their existing projects. In fact, it can gear up further to replenish its landbanks in the foreseeable future.

Steep discount to RNAV. We believe MK LAND is another deep value stock in the mid-cap developers’ space. In spite of: (i) MK Land’s healthy earnings growth (4-year CAGR of 22% from 2009-2013), (ii) decent dividend yield of 4.1%, (iii) strong balance sheet (net cash position), (iv) its more than 220 acres of lands is located in matured area in Klang Valley, MK LAND is still trading at a huge 63% discount to its RNAV of RM1.28, compared to the current average of 40% for other property players under our coverage.

TRADING BUY with FV of RM0.64, laggard play in mid cap developers’ space. Recall, mid-cap developers (>RM500m mid cap) has gained an average 79% YTD versus MK Land’s 48% YTD. This stock could be a laggard play amongst its peers given the market’s prevailing appetite for deep RNAV plays. We value MK Land at RM0.64, which is at a 50% discount to its RNAV of RM1.28. The 50% discount is in line with its mid-cap peers’ RNAV discount of 30%-50%. At the current price, the stock offers ample potential upside of 33% (excluding dividend yield of 4.1%). TRADING BUY.

Posted by damiantreez > 2014-08-28 16:46 | Report Abuse

Full year report soon. Expecting double digit earning growth.

Posted by nemesis > 2014-08-28 16:51 | Report Abuse

wow can't wait to read their impressive 4th Q result later....Hopefully another Final Dividend of 1 cts declared...it is the Final Countdown fm now on...I will be the first to announce the result here later...My Champagne and beer already with me to celebrate once the impressive result is out later...another half an hour fm now!!! I will wait here closely...

Posted by nemesis > 2014-08-28 16:55 | Report Abuse

i am looking for a full year result of 6 cts EPS...

Posted by nemesis > 2014-08-28 18:04 | Report Abuse

4th Q result is out...total net profit is 29,877 million with 2.48 EPS, but gain from last yr's land sale is not reflected in dono why???...total cash increased to 203 million with Net cash position of 110 million...So mkland is now a cash rich company...

Posted by damiantreez > 2014-08-28 18:16 | Report Abuse

report is good. profit and EPS increase. hopefully will push the price tomorrow.