為什麼L&G是私有化的候選人(Calvin Tan)

嗨,大家好,

到目前為止,我發布了第三篇關於L&G的文章,

為什麼我認為L&G可能是私有化的候選人?

這些是我的理由:

1)L&G是一個週期性股票,如Prestar,Masteel,Insas,Jaks等人。

Prestar和Masteel是循環鋼鐵股。繁榮時期價格大漲。在不好的時候價格可能會崩潰。對於Jaks來說,這也取決於水管道業務。 Insas取決於市場交易的心情。當KLSE熱的時候,INSAS會上升。如果冷靜下來,INSAS的股價也會下降

而L&G作為物業股也受到季度季度的影響。當房屋和公寓的銷售增加時,價格將上漲,反之亦然。

現在L&G已經完成了大部分項目。所以需要收購更多的土地銀行。

與鄉村花園面對約束由於中國人權控制 – 國家與馬來西亞一起處理他們的第一個TOWHSHIP項目在Semenyih到L&G。

中文詞“Ng凱”是2個詞的複合詞 – “危機”與“機會”

在鄉村花園的危機中,是L&G的機會。

所以L&G共買了4套住房發展

1)在達米屯市完成並部分完成房屋的地面257座,SEMENYIH

167個SERENDAH,RAWANG用於土地房屋的免費土地

 

2)15.3 SRI KEMBANGAN地區高層競爭的地雷

3)4.6 SRI UKAY,AMPANG中的CONDO地區

4)1.78山AN AN OLD OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS OS

這些是已經轉為住房的土地。所以有一個公平的價格,希望有好的利潤。

加爾文只有50/50的成功機會。

萊格還擁有凱林的公頃土地

看到

2拉蘭凱林Ulu雪蘭莪Mukim Kerling區1,009.71公頃… .freehold … .RMB48,146,000

 

要兌換英畝,乘以1,009.71加2.471 = 2,494.99英畝

將土地轉換為平方英尺

Mulyiply 2,494.99由43,460 = 108,681,764平方英尺

現在計算每平方英尺的土地價格

48,146,000令吉分差108,681,764 = 44.29仙

或每平方呎只有44.3仙。

Kerling出售的當前土地價格從Rm3.00到Rm16 psf

取決於其位置,地形和可見性。

而這些位於凱林的L&G擁有的土地都種植有棕櫚油和橡膠樹。列為生物資產。

如果我們只是把這個價值看作是由世界銀行業者估價的

所以108,681,764平方英尺x Rm3 = 320萬人民幣

所以如果重新評估目前的市場價值,這些凱林的土地應該值得這麼多

 

人民幣32.6百萬元 – 481.46百萬元

令人驚訝的利潤達到2.77億令吉

現在,GEELY已經到了丹戎馬林,在距離酒店只有15分鐘路程的凱靈肯定會有一個溢流

看到

Map from Tanjong Malim, Perak, Malaysia to Kerling, Selangor, Malaysia

從馬來西亞霹靂州的Tanjong Malim到馬來西亞雪蘭莪的Kerling地圖

 

通過1號線15分鐘(14.1公里)

 

因為KERLING距離Tanjumg Malim的PROTON CITY僅15分鐘路程

一些大時代開發者可能會提供採用L&G私有的可能性很大。 (Ecoworld以Rm1.40的Focal瞄準私有化,UEM奪取Sunrise私人,Tebrau被IWCity接管,UMLand由Syed Moktar私下收購,由Pahang Sultan&Johor Corp私人收購的TMakmur取得Kulim私人)

 

或者由於GEELY將建造其未來派的“潛艇/潛艇/飛機”,這些2494.99英畝的凱林地也可能派上用場。

不管你怎麼看,L&G一定會從其167英畝的Serendah土地和它的2,494.99的Kerling土地中獲得一個很好的Windfall。

 

隨著運氣的衝擊,L&G的積極性現在勝過其負面。

 

Calvin&Johor Buddies正在購買,因為L&G現在在Rock Bottom Price支持,具有高安全邊際率的NTA 63%折扣。加上9%的紅利。

這個L&G就是Kulim,TMakmur,TheStore,Super Enterprise&Wangzng等私有化的另一個候選人。

 

注意:柔佛公司將Kulim私人收購在蓬蓬蓬皮昂附近的2個鄉鎮

普蘭格湧入7萬人口,造成物價上漲。

因此,同樣的道理,六萬名質子員工和十五名供應商湧入丹戎馬林也將在這裡引起多年來的轟動,同時也向周邊地區發表講話。

這一個催化劑將對L&G非常有利

 

祝你好運和晚安

 

問候

卡爾文

新加坡

Why L&G is a Candidate for Privatization (Calvin Tan)

Hi guys,

By now I am posting the 3rd article on L&G,

Why I think L&G might be a candidate for privatization?

These are my reasons:

1) L&G is a Cyclical Stock like Prestar, Masteel, Insas, Jaks & others.

Prestar and Masteel are Cyclical Steel Stocks. In boom times price surge upward. In bad times prices can collapse. Same goes for Jaks as it depends on water piping business. And Insas depends on Market Trading Mood. When KLSE is hot – INSAS will rise up. If cool down INSAS share price will also go down

And L&G being a Property Stock is also subjected to quarter by quarter result. When sales of houses & condos are up – prices will go up & vice versa.

Now L&G has already completed most of its projects. So the need for acquisition of more land banks are needed.

And coinciding with Country Garden facing constrain due to China Capityal Control – Country Country together with Mayland is disposing their DAIMOND TOWHSHIP PROJECT in Semenyih to L&G.

The Chinese word “Ngai kay” is a compound of 2 words – “Crisis” & “Opportunity”

In the Crisis of Country Garden is the opportunity for L&G.

So L&G has bought up a total of 4 Housing Developments

1) 257 ACRES OF LANDS WITH COMPLETED & PARTIALLY COMPLETED HOUSES IN DAIMOND CITY, SEMENYIH

167 ACRES OF FREEHOLD LANDS IN SERENDAH, RAWANG FOR LANDED HOUSES

 

2) 15.3 ACRES OF LANDS FOR HIGHRISE CONDOS IN SRI KEMBANGAN

3) 4.6 ACRES OF CONDO LANDS IN SRI UKAY, AMPANG

4) 1.78 ACRES OF FREEHOLD LANDS IN TAMAN SRI HARTAMAS, KL FOR LUXURY HIGHRISE CONDOS

These are lands which are already converted for housing. So there is a fair price with the hope of good profits.

To Calvin there is only a 50/50 chance of success.

L&G also own hectares of lands in Kerling

See

2 Ladang Kerling Mukim Kerling District of Ulu Selangor 1,009.71 hectares….freehold….Rm48,146,000

 

To convert to acres multiply 1,009.71 by 2.471 =  2,494.99 acres

TAnd to convert acres to sq ft

Mulyiply 2,494.99 by 43,560 = 108,681,764 sq ft

Now to calculate price of land per sq ft

Rm48,146,000 divides by 108,681,764 = 44.29 sen

or a mere 44.3 sen per sq ft.

Current land prices advertised for sale in Kerling is from Rm3.00 to Rm16 psf

depending on its location, terrain & accessibilty.

And these Lands owned by L&G in Kerling are planted with both Oil Palm & Rubber trees. There are listed as biological assets.

If we just take the price of raw lands as valued by Bank Valuers here

So 108,681,764 sq ft x Rm3 = Rm326 millions

So if revalued to current market value these Kerling lands should worth this much

 

Rm326 millions – Rm48.146 millions

A SURPLUS PROFIT OF RM277 Millions

Now that GEELY has gone BIG TIME into Tanjung Malim. There will surely be a spill over boom in Kerling which is only 15 minutes away

See

 

Map from Tanjong Malim, Perak, Malaysia to Kerling, Selangor, Malaysia

 

15 min (14.1 kmvia Route 1

 

Since KERLING is only 15 minutes away from PROTON CITY Of Tanjumg Malim

There is a high possibility that Some Big Time Developer might offer to take L&G private. (Ecoworld took Focal Aims private at Rm1.40, UEM took Sunrise private. Tebrau taken over by IWCity, UMLand taken private by Syed Moktar, TMakmur taken private by Pahang Sultan & Johor Corp took Kulim private)

 

Or since GEELY will be building its futuristic Car/Submarine/plane these 2,494.99 acre of Kerling Lands might also come in handy.

No matter how you look at it L&G is bound to get a nice Windfall from its 167 acres of Serendah lands & its 2,494.99 lands in Kerling.

 

With the stroke of luck the positives for L&G now outweights its negatives.

 

Calvin & Johor Buddies are buying as L&G is now at Rock Bottom Price supported with 63% Discount to NTA with High Margin of safety. Plus a nice 9% dividend.

This L&G is another candidate for privatisation just like Kulim, TMakmur, TheStore, Super Enterprise & Wangzng.

 

Note: Johor Corp took Kulim private for building 2 Townships near booming Pengerang

There was an influx of 70,000 population into Pengerang that caused a Boom in Property prices.

So by the same token an influx of 60,000 Proton Staff & 15 Vendors into Tanjung Malim will cause a Multi Year Boom here and speading to all its surrounding regions as well.

This one catalyst will be very favourable for L&G

 

Good luck & good night

 

Regards

Calvin

Singapore