KLSE (MYR): LAGENDA (7179)
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Last Price
1.21
Today's Change
0.00 (0.00%)
Day's Change
1.20 - 1.22
Trading Volume
812,600
Clouds cleared is not good enough. MACC case has to be cleared first. Will this affect the company? That is of utmost importance.
2 weeks ago
‘Land being investigated does not belong to Lagenda’
- The 650ha of land being investigated is believed to be the Lagenda senior personnel’s private venture, echoing the property developer’s stance that the company is not linked to the probe.
- According to Lagenda’s 2023 annual report, its unit Taraf Nusantara Sdn Bhd on Aug 9, 2022, bought 422 acres of development/agricultural land in Mukim Durian Sebatang, Perak, from Ladang Awana Sdn Bhd for RM92.40 million.
- Lagenda being asked if the 422 acres purchased from Ladang Awana were part of the 650ha being investigated, a company spokesman replied: “The 422 acres of land which Lagenda acquired is in a different location [Mukim Durian Sebatang, near the Teluk Intan town centre]. It is not located in Sitiawan, Manjung, where they understand the 650ha reported in the media to be located.
- Furthermore, the 422 acres purchased by Lagenda is not designated as Malay reserve land. For completeness, note that Lagenda had engaged an independent adviser and also obtained the requisite shareholder approval prior to the acquisition of the 422 acres. The circular in relation to the transaction would also have spelt out the land’s particulars.
- Also that Lagenda had not sighted or been served with any official document regarding the MACC investigation.
- It should be noted that Jee Ming is a director of Ladang Awana. The group would like to establish that Ladang Awana is not in any way a part of the Lagenda Group of Companies.
2 weeks ago
Expected. Let it flow and volume continued to be at the low side and no following up interest. Almost more than a week. Let's get ready for another round entry point 15-20 cents from the recent high. Or even lower. Let's catch the 20 cents margin again.
2 weeks ago
It's time and let's sail through the storm and get the precious return. 20-30 cents.
1 week ago
https;//theedgemalaysia.com/node/714074. with its order book of almost RM1B and the fact remain epicon was founded after they acquired KTB only around sept 2023 . Lagenda case happen in 2012 so where is the logic of being push down this way.
1 week ago
hi all, who attend AGM pls let me know ye. Need assist ask few question to management . tyvm
1 week ago
30 June is Quarterly report which management is bound to be focusing on. Buy now sell on good quarter result news.
1 week ago
It's a good sign to see the counter rising against the broader market which is down this morning
1 week ago
Fact remains past factual. 2 weeks have passed and so far so good. If the lowest point and largest transaction have been fully absorbed and digested, this should turn into middle and long term investment. Invest with confidence. Let's grab the highest yield.
1 week ago
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.
1 week ago
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....
1 week ago
Malangnya AGM diadakan secara Virtual...tiada chance untuk pergi makan dan tapao free curry rice....
Sedih...
6 days ago
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.....
3 days ago
Gggggg
Hijau sikit2..
2 weeks ago