I think some Fund Managers are still dumping their shares while Jimmy and Bros are buying.

Hopefully they can let the Fund Managers regret and buy back their shares at RM1.70 or RM2.00 later, when all the dusts are being cleared, with Q results showing double of profit and div then.....

Malangnya AGM diadakan secara Virtual...tiada chance untuk pergi makan dan tapao free curry rice....

Sedih...

Ada MACC atau Polis atau Tentera pergi tangkap orang kah?

If we apply simple primary school maths:

More than double of houses to be launched this year (8000 houses vs 3600 houses last year)

Sales will be double, so is PAT n EPS n Div.

EPS will be ard RM0.40 n Div will be ard RM0.13 (as I mentioned, simple Maths applied here...)

At Rm1.25 now, PE will be 3+ or DY will be 10%+....So what will be the reasonable price then?

So good ah where to find such a Co in Bursa?

We will see....

Managing Director of Lagenda Properties, Dato’ Jimmy Doh Jee Ming <拿督卓致明>
commented: “

We are pleased with our performance in the first quarter of 2024. Revenue and
profit after tax grew by 24.7% and 9.0% year-on-year to RM225.6 million and RM42.9 million
respectively. This is a good start to the year and sets the tone for a fruitful 2024 as we look to
increase our momentum over the coming quarters.

Looking ahead, we expect our confirmed sales to grow over the upcoming quarters as we will
ramp up our launches. We had only launched over 500 units in Q1FY2024 and so far as of
May 2024, that figure has now reached over 3,000 units. Our goal is to launch more than 8,000
units overall across Perak, Johor, Selangor and Pahang over the course of the year, which
will expand our presence to five states in Malaysia inclusive of Kedah. This marks a significant
increase from the 3,600 homes launched in 2023 and reflects our commitment to addressing
the growing nationwide demand for affordable housing. To add on, based on our target
launches this year, over 75% of our launches in 2024 will be outside our initial homebase of
Perak. With our proven track record and strong take-up rates to date, we are confident that
the new launches will be well-received by the market.

Our growth plans are backed by our landbank of 5,310 acres which carries a remaining
Gross Development Value (GDV) of approximately RM14.8 billion. We will primarily focus on
capitalising on the demand for affordable housing in Johor, where we currently hold
approximately 1,522 acres, representing 29% of our total landbank. Moving forward, we are
dedicated to further establishing ourselves on a larger scale as the preferred affordable
housing developer for Malaysians. Overall, we are optimistic on our prospects for the
remainder for the year and excited of our future growth in the years to come.

CharlesT
Though i always make fun on Hng33's chicken rice trading pattern n his unlimited never ending funds in the past, I must say this man did his homework.
1 hour ago

hng33

sold at 1.18, swap to EWI

40 minutes ago

LOL

Though i always make fun on Hng33's chicken rice trading pattern n his unlimited never ending funds in the past, I must say this man did his homework.

commonsense

Investors should be careful with this company. The said MACC case with Dato Doh Jee Ming is related to the malay reserve land in the district of Manjung, Perak. Which is also where one of its big project is currently being developed, Bandar Baru Setia Awan Perdana. For sure now that the authorities there would scrutinise any project related to Dato Doh more strictly. I assume this would be the same for projects in Kedah and Johor as well.

Sime Darby jv in Kedah would also be in the spotlight. Not sure if Sime Darby would want to proceed with a partner that is currently being investigated by MACC.

Safer to wait for all the issues to be clear by the MACC.

3 hours ago

Sounds perfect...buy only when all the dust settled...

But what will be the price then? Still Rm1.19? Or back to RM1.70+(b4 the MACC saga), or even higher?

At present price of RM1.19, it has dropped abt 30% from 1.70+ thanks to the MACC.

That's the mkt response on this matter (though it once dropped 50% to Rm0.85+).

What's next?

The worst scenario= It turns to be Serbak 2.0? Or YNH 2.0?? Co go to Holland..suspended n delisted in near future?Boss n his father masuk lokap n entitles to life long free curry rice staying next to Bossku in Sungai Buluh?

Best scenario: Boh tai chi maybe fine some money biz as usual prices go back to Rm1.70+ or even higher

Certainly there is some uncertainty, until n unless this saga is being settled.

For now, those more conservative wanna play safe one Lagenda is not your cup of tea. U can safely put yr money in Maybank enjoying 6% annual return buta-buta....Or if u wanna feel safer can also keep yr money under yr pillow...can smell yr money 24 hours a day

In short yr money yr call. Understand the risk vs reward.

I put some money in Lagenda.

If I make money then I wouldnt buy u chicken rice for sure...If i lose money u can always come to this thread to laugh n tease .....I3 is always a free place...Enjoy

Posted by cyberzigot > 31 minutes ago | Report Abuse

They say stock market in short term is popularity voting machine. Lagenda hit with scandal sure will suffer in short term

Oredi drops from 1.70+ to lowest 0.80+ last week...about 50% mega sales....not enough ah?

My 2 cents prediction:

Prices likely will go back to RM1.70+ level, may even breaks new high by end of 2024

Lets c

TQ to MACC, TQ to the Senior DOH..whether he is still alive or not

Sweetchocalates

3k lots 855 sell at around 940. Fat profit in a day for me

6 minutes ago

Congrates...sold n enjoy....dont look at the price anymore

fat profit has yet to come

few cents is not big profit lah

At worst fine some money lah

It was commited by the Boss's deceased father many many years ago

My average cost is 0.86+

Good mega sales

ya ya

Sslee

FYE 2024 Yinson Production Operations results overview (YoY)
Revenue PAT

YTD Q4 FYE 2023
(RM’ mil)
YTD Q4FYE 2024
(RM’ mil)
Variance (RM’ mil)
Revenue 1,631: 2,279 : 648
Gross Profit 951: 1,480: 529
EBITDA 1,162: 1,643: 481
PAT 576 :776: 200
PATAMI 498: 628 :130

The PAT margin is 776/2279 about 34%

https://klse.i3investor.com/web/stock/financial-last-10-fy/7293

We come from 2 different planet ah??

Heavy capital intensive high risk biz

Net profit margin of 10% seems not justifiable to me lah

SSLee U as a palm oil Industry man, dont u think palm oil plantation biz is much much better than this biz?

https://klse.i3investor.com/web/stock/financial-last-10-fy/7293

Why u like Yinson?

Coz u like to have dreams? U love Wawasan 2026 or 2036 or 2046? U like to do their profit projections?

Posted by Sslee > 22 minutes ago | Report Abuse

Repost:
Building a new FPSO costs approximately US$ 2.5 Bn to US$ 3 Bn. However, the cost of conversion of an oil tanker is approximately between US$ 1.5 Bn and US$ 2 Bn.

One screw up in any of their FPSO their ass will be very painful

What's their net profit margin like?

From Yinson's past years' records it seems their net profit margin is like 10%+/-...

I would say not really that convincing, in view of the heavy investment involved and the high risk

Oil palm plantation is much much better.....relatively high profit margin , consistent positive cashflow n div records....n potential land appreciation over the years

So SSLee, why are u in Yinson????

If u also holds a small position in Yinson like Sifu then no worry lah......sup sup water only...considered it as donation to beggar loh at worst scenario

Sifu is also willing to sing left 3 years right 3 years in Yinson.....though he always claim he is TA comes first man

Most likely will end up like JAK's Wawasan 2020

Always see good revenue good paper profit very low PE looks very yummy at the same time very ugly negative cash flow endless rights issue PP issuance of Bonds...

Why why why tell me why?

SS Lee knows the answer but again he refuses to accept the fact...till he has to admit his mistake few years later

RM300K div a year?

If u have capital RM4M with DY 7.5% a year can kaotim oredi

Some Reits can help u so

Or to save / help waterfish from being eaten by sharks

The ultimate goal in stock mkt is to make money

Not to help poor idxots/ waterfish to make money

Important thing now is with your wealth n experience/knowledge in stock mkt, what can u achieve in the coming years

Or u could have caught burnt during 1997/1998 financial crisis.....who knows

Posted by Sslee > 2 minutes ago | Report Abuse

I struggle almost all my whole life just to survive and raise my family. I only have spare money and accumulate my wealth during the last 10 years.

Imagine if I have the curent earning power when I am much younger, I will be a very happy man.

Difficult to tell....U could have bought more Xinquan n got burnt more badly

Posted by CharlesT > 31 seconds ago | Report Abuse

Suddenly this reminded me of Xinquan n Old Koon's case

Old Koon n some loves to see the beautiful net cash (RM1.50+ I think) of Xinquan in their bank acs in China

Ops I think SSlee is one of them also

Posted by Sslee > 1 minute ago | Report Abuse

This time round if got profit just take profit, not going to speculate/calculate on earning forecast of YTLPower data center.

After all I am not a Sifu, I only care how much I can make from Bursa as a trader or as an investor

Senior u have evolved fast n furious.... Geng....

The main concern is HUMAN

At current price of RM0.30+, my entry level could be 20% to 30% lower than Sifu....seems a better deal than earning 7.95% annual coupon rate....

At least not so heart pain lah

But below RM0.30 will be even better loh

Place yr bet pls

My bet is on chicken rice money from Yinson-WA....c got chance or not

Posted by Sslee > 24 seconds ago | Report Abuse

CharlesT,
No need to feel heart pain lah. Just collect some Yinson and hope by 2025 it will move north.

As long as it will not become Jaks's Wawasan 2020 will do loh

Or higher......

Sifu's cost of Yinson-Wa should be 0.40+

Maybe later i manage to buy Yinson-WA lower than Sifu and then sell few cents higher to make more than 7.95% in few days time leh

Who knows

Sifu, do I interpret your sentence correctly?

Posted by OTB > 15 minutes ago | Report Abuse

Yinson issued a sukuk of RM 640 million in Malaysia before Chinese New Year 2024, the coupon rate is 7.95%.
The take up rate of this sukuk is so demanding, all RM 640 million sukuk was taken up within 20 minutes.
-------------------
Anyone here is not so knowledgeable as institutional fund manager, they just buy up all sukuk of Yinson within 20 minutes.
This sukuk is rated as A3/Stable (RAM).

I will stop my comment on Yinson, no point to cause more pain to all poor investors here

So only those knowledgeable one (like Fund Managers n Sifu etc) can have the access to all these good deals....

All other stupxd poor investors here (I guess I m one of them as I dont have the chance to subscribe such a good high yield bonds) can only feel very heart pain loh.....

If u are drafting any long love letter/ email to Yinson's Boss ask them so....why they dont want to issue Bond at 8% to Sifu n many others.....

Instead they chosed to pay higher to Angmao....... Sad

So US Bankers foresee this to happen (very big fat income from 2025 onwards) n they know Yinson needs money badly now so they fix a cut throat rate of 9.675% on their bond ah?

Posted by Sslee > 23 minutes ago | Report Abuse

Interest espenses is tax deductable (taxable income will be less) hence Yinson did not mind paying high interest.

My question is why not RI of 5 years RPS (9 % interest) with free warrants to benefit the shareholders?

Hmmm.....someone learned the monkey tricks of Kok Kee and tasted the sweetness of goreng WAs

Second is why they are willing to accept so...

Why dont they issue more bonds locally at 7.95% or 8%....I believe Sifu n many others will happily subscribe so...

Or there is a capping limit locally?

Sslee

Interest espenses is tax deductable (taxable income will be less) hence Yinson did not mind paying high interest.

My question is why not RI of 5 years RPS (9 % interest) with free warrants to benefit the shareholders?

13 minutes ago

The question is why US Bankers rated their bond as good as junk bond grade with coupon rate more than double than average mkt rate

So SSlee also believe in their Wawasan 2027 ah?