
GOOD PROFIT
L&G 3174
PREV | CLOSE | CHANGE | HIGH | CLOSE |
---|---|---|---|---|
0.110 | 0.105 | -0.005 | 0.110 | 0.105 |
VOLUME | BUY VOL | BUY | SELL | SELL VOL |
---|---|---|---|---|
41,785 | 216,070 | 0.105 | 0.110 | 9,147 |
52 Weeks Range : 0.05 - 0.145
The Star –
Land & General Bhd posted an eight-fold increase in net profit to RM14.08mil for the second quarter ended Sept 30 on the back of higher contributions from its property, education and other divisions. The group’s revenue rose 32.47% year-on-year from RM39.22mil to RM51.91mil previously. It said it would continue to be vigilant on its capital expenditure and cash conservation measures and would focus on selling its development units.
The Star –
Land & General Bhd is planning a joint property development project with an estimated gross development value of RM733.5mil on 3.47ha in Ulu Langat, Selangor. Its unit, Success View Sdn Bhd (SVSB), yesterday inked a joint venture and shareholder’ agreement with two parties – Positive Valley Sdn Bhd (PVSB) and Pacific Skyland Sdn Bhd (PSSB) – to acquire and develop the land via Pacific Parkland Sdn Bhd as the joint-venture company. L&G said SVSB, PVSB and PSSB would hold 30%, 30% and 40% equity interest in Pacific Parkland, respectively.
REMUNERATION STUDY –
In Financial Year End 2020, the directors’ remuneration was 1.68 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 22.7 million and auditor’s remuneration of 290 thousands
BURSA MALAYSIA –
The Group’s revenue and pre-tax profit for the current quarter stood at RM14.70 million (4Q2020: RM20.48 million) and RM5.09 million (4Q2020: RM6.67 million) respectively. The property segment results in the current quarter has been largely undermined by the MCO imposed by the government to control the COVID-19 outbreak.
BURSA MALAYSIA –
The Group’s revenue and operating profit for the current quarter stood at RM36.68 million (2Q2020: RM39.22 million) and RM4.90 million (2Q2020: RM10.25 million) respectively. The Group’s operating profit was lower was mainly because there was a net writeback of RM5.58 million on accrued costs in the previous quarter whereas there was no such cost writeback in this quarter.
Investing Malaysia –
Average investing volume for Land & General Bhd in the past three months in stock market was 1224.2k lots
Investing Malaysia –
L&G gets a score of 30.25 in our equity and assets quality test based on current share price of RM0.14
Investing Malaysia –
Land & General Bhd gets a score of 23.33 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 3174 in Bursa Malaysia declared adjusted 2.22% dividend yield in past few years
Investing Malaysia –
L&G is estimated to have a profit consensus of 20.2 millions, with an adjusted market capitalization of 401.37 millions
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 1.89 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 22 million and auditor’s remuneration of 290 thousands