1. L&G has RM800 million of unbilled sales from Elements@Ampang & Damansara Foresta Phase 1. These two developments will be completed in 2QCY2014 & 4QCY2015. Thus, L&G will book in profit of RM200 million over the next 3 years.In view of the above, Hwang DBS valued L&G at RM0.65.
2. L&G will be launching RM1.5 billion worth of projects in 2014- under Damansara Foresta Phase 2, Elements2@ Ampang & Seremban Phase 1.
3. L&G has cash in hand of RM250 million and likely to pay out dividend next year.
Chart: L&G's daily chart as at Dec 11, 2013 (Source: Tradesignum)
Based on technical consideration & reasonable valuation, L&G could be a potentially trading BUY.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, L&G.