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Malaysia
Lagenda Properties Bhd
Matrix Concepts Holdings Bhd
OSK Holding Berhad
 
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Date Description Country Analyst Download
28-Oct-2022 “Despite the poor operating environment for developers facing various headwinds like rising interest rates and high raw material costs, Lagenda is not much affected. Lagenda customers are primarily civil servants who can access 100% financing up to RM200k at a fixed rate of 4% pa, and the raw material costs have been easing recently. Its share price has dropped 13% YTD and is currently trading at FY23 PE of only 4x and a 7% forward dividend yield. Hence, we recommend BUY on Lagenda.” Malaysia Malaysia Research Team
21-Jun-2021 We recommend to Buy Lagenda in view of its capability to outshine other developers amid a challenging property sector by tapping on the affordable housing in the less competitive 2nd tier states but still with remarkable margin and strong growth ahead. Lagenda is expected to deliver dividend yields of 4.4% to 5.5% in the coming 2 years. Valuation wise, it is trading at FY2022 PE of 5.5x. Malaysia Malaysia Research Team
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