How u guys think about new coming quarters?

Please read their whole century annual report for their history for more accuracy of their value.
Please study more about this company before any judgement.

This article first appeared in The Edge Financial Daily, on July 25, 2016.

KUALA LUMPUR: The slowdown in the property sector has prolonged for over a year. Most analysts opine that the weak consumer sentiment and banks’ stringent lending policy will continue to pose earnings risk to property developer.


Even after Bank Negara Malaysia’s recent cut in the overnight policy rate by 25 basis points, analysts are not convinced that the move will be enough to revive much of the property market.

The question of how resilient property companies are still lingering among the investing fraternity.

“We think it is important for property companies to have a strong balance sheet, cash and flexibility to weather the downturn of the market,” said TA Securities’ analyst Thiam Chiann Wen.

Indeed, cash is king in times of uncertainties. A sizable cash pile would be a good buffer against the fall in sale revenues.

A random check on 32 property companies with a market capitalisation between RM300 million to RM2 billion, only six companies’ cash ratio is higher than one.

The six are SHL Consolidated Bhd, Plentitude Bhd, TAHPS Group Bhd, Land & General Bhd (L&G), Amcorp Properties Bhd and Daiman Development Bhd. Tambun Indah Land Bhd’s cash ratio is at 0.99 based on the latest balance sheet. (see chart)

Cash ratio is a gauge of companies’ ability to cover their short-term liabilities.

L&G is among the few companies that has a cash ratio of higher than one, at 2.22 times, indicating more than sufficient cash on hand to pay off short-term debt.

L&G is on a net cash position of RM288.5 million, which is 67.4% of its current market capitalisation of RM427.9 million.

The company’s cash pile had grown significantly to RM525.9 million as of March 31, 2016 from RM398.3 million a year ago. In fact, the cash pile has more than doubled from RM183.8 million two years ago.

On the other side of its balance sheet, L&G’s borrowing was at RM83.1 million as at March 31.

As for companies’ prospects, L&G had, at the beginning of this year, planned to launch three developments with an estimated total gross development value (GDV) of RM1.67 billion. The launches are the Astoria serviced apartments in Ampang, phase 2 of the Damansara Foresta service apartments in Bandar Seri Damansara and the first phase of landed development, Taman Sena in Seremban.

The group’s net profit for fourth quarter financial year ended March 31, 2016 (4QFY16) was close to eight times higher at RM55 million from RM7.1 million in 4QFY15. The company has been profitable in the last ten years.

Like other property stocks, L&G’s share price has tumbled from its five-year high of 62.9 sen in August 2014 to a low of 33.5 sen in March this year.

L&G has declared dividend regularly since 2014. On May 30, the board declared a single-tier final dividend of two sen, reflecting a dividend yield of about 5.12% — even higher than some of the Real Estate Investment Trusts (REITs) on Bursa Malaysia.

Nvm i will post the whole paragraph here.

http://www.theedgemarkets.com/my/article/cash-hand-ultimate-buffer

Very very Good thing about L&G

Hope they have more project on hand and made the company name more reputable...

The only problems for this company is lack of projects on hand compare with others company

AGM about in Sept and dividend about to pay on Oct

What happen

I think need wait for company announcement...

Need wait for AGM

Cancel all newly built Aeon is good for the market now as there is more than enough retail mall in the market. Wait consumer sentiment better then only expand their mall..

if u buy now u will get 5% dividend

Actual payout RM0.02 per share

Cannot chase high...danger...

Good news coming but we shall buy based on company potential.. otherwise share price will come down again...

New Aeon at Senawang, Negeri Sembilan cancelled...

RM1.60 can buy

Hope it lower so that I can buy it

Want to buy again but scare the price will drop again

Yes it has reach about 6% last time when the price reach RM0.335

Wow..soros buy in..market high price

Soros please buy faster..I cant wait to see the share price increase a lot :-)

Sorrry for me no target price.
What i do is buy low price and get good dividend rate every year to get back my invest money then the stock in hand will be free :-)
Maybe mostly ppl here not agree on my investment vision.

Investment alone is really bored, lonely and long term fight. Not everyone can cope well with it actually.

Soros come this stock can until rm9 liao lo

very good future

Buy Buy Buy

Well in doing business it is normal thing to take back ur capital from dividend...you keep on looking for high capital appreciation stock and i think u r gambling because u dunno which stock is shoot up the next..what i know is i got doing business mind. I invest share / capital from a company, and i know it is earning money and will decent dividend to us...and the company and their business field is good future..then i will buying it...

Investment method is difference from each others.

I think for their products..only malay like it...youngster and chinese wont choose it..old fashion..

Now management and boss all change already...new blood coming in already...and their result prove it all...

But that time is financial crisis...not only this stock influence...other stock influence as well..or worst to say the whole world stock market is influence...

This is the way to see who is investor who is speculator :)

Hahah...if i got money i will buy again...but i need wait if the price can be lower to buy..lost the chance of 6% dividend last time..

Need money to buy more land and develop..

Double up also no use...my average price RM0.47...still high...

Hhahahahah....who say no launch? Astoria Ampang Phase 1 is selling like hot cakes...

where u get the news?

@huatgor289 What news you got?

If not kiasu then they wont earn so many money and pay us dividend lo

Be careful of those speculating, risk will turn profit to lost oneday...

Csl cash izzit true u think?

Die

Good...drop then buy more...

Buy those company which make "real" money and pay dividend

Sell Sell Sell...

Sell Sell Sell

Faster sell

worst share dun buy

Maybe this share wont up forever la