$LAGENDA (7179.MY)$ hmm bought when discount, wanted to sell...

HON888 :

Ho_104154630 : I'm holding

丰衣足食 : 1.34 Opportunity to add a position

丰衣足食 : KUALA LUMPUR (May 9): UOB KAYHIAN has begun to cover LAgenda Properties Bhd (Kuala Lumpur: LAGENDA), with a “buy” rating of RM1.49 and a target price (TP) of RM2.05.

The research agency said in a note on Wednesday that due to its low land costs and efficient construction methods, the company's profitability has surpassed industry standards.

UOB KayHian predicts that by 2026, the three-year compound annual revenue growth rate (CAGR) will be 28%, driven by additional announcements worth RM1.9 billion to 2.4 billion and accelerated progressive billing, which will increase 15% in annual sales.

UOB KayHian said that, according to 2023 data from the National Property Information Center, 53% of residential transactions in Malaysia involved houses priced below RM0.3 million, with, Selangor, Johor, Kedah and Pahang the main contributors.

It said that by focusing on low-cost housing tailored to first-time real buyers, Lagenda's projects have historically achieved a significant occupancy rate of over 95% within the first year of launch.

“As a large percentage of buyers are public sector employees (with access to government financing programs), Laganda's business model is resistant to economic fluctuations, underscoring the company's profitable and sustainable approach to affordable housing.

“Lagenda is proactively expanding its operations across the country to meet affordability challenges, beginning in Sui and Sui and extending to Kedah, Pahang, Selangor and Johor.

“Its biggest land bank risk exposure is in Johor, where it can capitalize on the state's growth, fueled by economic incentives and infrastructure projects such as rapid transit systems. “Rajinda's total remaining land storage area is 4,689 acres, and its GDV (total development value) is RM13 billion,” it said.

丰衣足食 : 1.35 purchase, seriously undervalued, reasonable price is Rm1.71, estimated 2024 eps: 19 Sen, 9 times capital to equity ratio (pe), dividend 6.5 sen, weekly interest rate (dy): 3.8%
The current stock price is 1.35, investing in it (dy): 4.8%

103854938 OP 丰衣足食 : Thanks for the info, as long as not dropping anymore, I guess hold it is..

104375815 : Hold and wait for this August Q2 quarterly results before deciding
I believe this is a good stock now undervalued
Definitely not wrong to buy when no one cares
Nothing wrong with the fundamentals

丰衣足食 : Buying on dips at 1.30 is a good opportunity for interest-bearing stocks and capital appreciation.

103854938 OP 丰衣足食 :