Stock Name : L&G
Code: 3174
Nature of Business: Property Development, Education and Property Investment
Low PE (Recorded loss in 20Q3 due to lower sales from Property Division, rebounded in 20Q4 due to write-back of financial obligation, last quarter recorded higher profit due to higher contribution from Education Division, increased student enrolment and write-backs in other Division.
Dividend - missed divided in FY20
Net asset: Price below Net Asset
Debt to Equity: 0.36
Current Ratio: OK
Pseudo-DCF (10%, 10 years period): 0.05-0.13
Technical: 0.1-0.12
Overall: Amber (due to missed dividend, otherwise high dividend yield)
Tuesday, May 4, 2021
Land & General Berhad L&G Code 3174
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