KUALA LUMPUR (May 9): UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.
UOB KayHian starts coverage on Lagenda Properties, target price RM2.05 Read More »
KUALA LUMPUR: Lagenda Properties Bhd has broken ground of its inaugural township in Selangor that it claims will be the first large-scale landed Rumah Selangorku project.
Junior Badminton Tournament Lagenda Championship 2024 In collaboration with Makhazim Mohammad Badminton Academy, we organised this programme to encourage our resident participation. Dedicated to nurturing young talent and promoting the sport at the grassroots level, the championship provided aspiring young athletes with a platform to showcase their skills, gain competitive experience and embrace a healthy, active lifestyle. PrevPreviousLaunch of High-Profile Community Policing (“HPP”)/Pondok Keselamatan Komuniti & BBSAP Adopted Park – Manjung Ibu Pejabat Daerah (“IPD”) (BBSAP & PDRM) Share
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Launch of High-Profile Community Policing (“HPP”)/Pondok Keselamatan Komuniti & BBSAP Adopted Park – Manjung Ibu Pejabat Daerah (“IPD”) (BBSAP & PDRM) This programme was held on 30 April 2024 at BBSAP, aiming to enhance security and foster cooperation among residents in maintaining safety within their neighbourhoods. Through this initiative, residents are encouraged to actively participate in crime prevention efforts, ensuring a safer living environment for all. Additionally, as part of the event, BBSAP was officially declared an Adopted Park under IPD Manjung’s community engagement initiative. This recognition signifies a joint effort to enhance public safety and promote a secure and well-maintained living environment. PrevPreviousContribution Elevates Charity Concert Share
Contribution to Back-to-School Programme – Underprivileged Students at Sg. Rapat We donated essential supplies in to support students from Sg. Rapat in preparing for the new school year, ensuring they have the necessary resources for a successful academic journey. Through this contribution, we aim to ease the financial burden on families and empower students to excel in their studies. PrevPreviousContribution of Chairs & Tables – Dewan Bestari, Sekolah Menengah Kebangsaan Sri Pekan NextLaunch of High-Profile Community Policing (“HPP”)/Pondok Keselamatan Komuniti & BBSAP Adopted Park – Manjung Ibu Pejabat Daerah (“IPD”) (BBSAP & PDRM)Next Share
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Contribution of Chairs & Tables – Dewan Bestari, Sekolah Menengah Kebangsaan Sri Pekan We donated 100 chairs and 100 study tables to be utilised at Dewan Bestari in SMK Sri Pekan. This initiative was aimed at enhancing the school’s facilities, providing a more comfortable and conducive environment for students and staff during events, gatherings and academic activities. We believe that a well-equipped space fosters better learning, collaboration and personal development. PrevPreviousContribution to Semarak Ramadhan Bubur Lambuk Carnival 2024 – Perak Scouts Federation NextLaunch of High-Profile Community Policing (“HPP”)/Pondok Keselamatan Komuniti & BBSAP Adopted Park – Manjung Ibu Pejabat Daerah (“IPD”) (BBSAP & PDRM)Next Share
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Contribution to Semarak Ramadhan Bubur Lambuk Carnival 2024 – Perak Scouts Federation We extended our support to the Semarak Ramadhan Bubur Lambuk Carnival 2024, organised by the Perak State Scouts Federation. This programme celebrates the spirit of Ramadhan by fostering unity and togetherness within the community through the tradition of preparing and distributing Bubur Lambuk. By contributing to this initiative, we hope to bring joy to the community while spreading the spirit of generosity and compassion during Ramadhan. PrevPreviousContribution Elevates Charity Concert NextLaunch of High-Profile Community Policing (“HPP”)/Pondok Keselamatan Komuniti & BBSAP Adopted Park – Manjung Ibu Pejabat Daerah (“IPD”) (BBSAP & PDRM)Next Share
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BBSAP Fun Run 2024 We contributed 100 T-shirts and 20 hampers to support the Fun Run Event at the BBSAP Clubhouse, organised in collaboration with our community. The event attracted approximately 100 participants, who came together to promote health, fitness and community spirit. Through our contributions, we aimed to create an engaging and rewarding experience for participants while promoting active living within the community. PrevPreviousContribution of Mandarin Oranges during the Festive Season NextContribution to Semarak Ramadhan Bubur Lambuk Carnival 2024 – Perak Scouts FederationNext Share
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Lagenda Properties Berhad’s Confirmed Sales Hit Record High: Exceeding RM1 Billion in FY2023 Declares Second Interim Dividend of 3.5 sen per share, cumulating to a payout ratio of 36% for FY2023 KUALA LUMPUR, 28 FEBRUARY 2024 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties”, “Lagenda” or “the Group”, Stock Code:7179) has today released its fourth quarter financial results for the three months ended 31 December 2023 (“4Q2023”). In 4Q2023, Lagenda registered revenue of RM248.1 million, marking a significant 14% and 26% increase compared to the preceding two quarters (being 3Q2023 and 2Q2023, respectively), reflecting the ongoing momentum in sales and construction activities. Profit after Tax and Minority Interests (“PATAMI”) for 4Q2023 reached RM41.9 million, surpassing the RM38.8 million recorded in 3Q2023, driven by enhanced sales conversion and higher project completion due to accelerated construction progress. On a full-year basis, revenue for the twelve months ended 31 December 2023 (“FY2023”) closed at RM843.3 million, while PATAMI stood at RM153.1 million. To reward shareholders, Lagenda declared a second interim dividend of 3.5 sen per share payable on 30 April 2024, bringing the total dividend declared in respect of FY2023 to RM54.4 million, equivalent to approximately 36% of PATAMI. Notably, confirmed sales for the year reached the RM1.04 billion mark, showcasing a remarkable 33% increase compared to the previous year’s figure of RM788 million. With projects reaching mid-development cycle in 2024, there will be faster revenue recognition compared to 2023 when most projects were in the early stages. As of 31 December 2023, the Group’s unbilled sales stood at RM732.4 million, while outstanding bookings reached RM268.3 million, providing visibility of future revenue. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明>, commented: In FY2023, we achieved a significant milestone by exceeding RM1 billion in confirmed sales for the first time. This is a clear testament to the robust demand for our affordable and wellplanned townships. This achievement underscores our commitment to providing quality homes that meet the needs of Malaysians. In the past year, our focus has been on fortifying operational capabilities, laying the groundwork for a multi-state expansion, and strategically replenishing our landbank to fuel future growth. We are confident that this foundation will position us favourably in the coming years. Beyond sales figures, we expanded our geographic footprint in 2023, launching projects in three states: Perak, Kedah, and Johor. In Johor, we currently have a sizable remaining landbank of approximately 1,500 acres of land with an estimated Gross Development Value (“GDV”) of RM5.6 billion, where we plan to launch three townships by the end of 2024. This expansion reflects our positive outlook on this vibrant state and the potential it holds. We believe there is vast untapped demand for affordable housing in Johor, where a significant number of households still lack homeownership. Additionally, we have the option to acquire another 200 acres in Johor, providing us with flexibility and the opportunity to further expand our presence in this promising market. 2024 is poised to be a vibrant and exciting year for Lagenda as we plan to launch over 8,000 units of affordable homes, more than doubling the figure from 2023. We are ramping up to commence launches in two new states, Selangor and Pahang, expanding our presence to five states by year-end. This nationwide presence allows us to cater to a broader range of buyers and contribute to the housing needs of communities across Malaysia. With our continued focus on of Environmental, Social, and Governance (“ESG”) initiatives, we maintained our status as a constituent of the FTSE4Good Bursa Malaysia Index and FTSE4GOOD Bursa Malaysia Syariah Index. Moving forward, we have plans to further integrate ESG elements into our core business of affordable housing, particularly focusing on the renewable energy sector, where our vast townships present an ideal canvas for innovative solar projects,” he added. View Press Release Share
Contribution of Mandarin Oranges during the Festive Season In celebration of Chinese New Year 2024, 400 boxes of mandarin oranges were distributed to the community in Gopeng. Mandarin oranges, symbolising prosperity and good fortune, were shared with local residents to enhance the festive spirit. This contribution reflects our commitment to unity and inclusivity, ensuring that the joy of the season is shared by all. PrevPreviousContribution Elevates Charity Concert NextContribution to Semarak Ramadhan Bubur Lambuk Carnival 2024 – Perak Scouts FederationNext Share
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