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Thursday, 14 September 2017

Land and General Bhd's (L&G) shares, A Bursa Market Watch 2017

Malaysia: Land and General Bhd's (L&G) shares have emerged among the top actively-traded stocks on Bursa Malaysia in the early session today, pushed by plans to launch two new property projects with a gross development value (GDV) of RM710 million.
As at 10.25am, the counter saw 45.53 million shares traded, earning half-a-sen to 22.5 sen.
On Wednesday, Managing Director, Low Gay Teck, said the project, Sena Parc (GDV RM230 million), was expected to be launched in November and the other residential project, Seresta (GDV RM480 million), would take off in February 2018.
He said in a news report that Sena Parc would be developed in three phases, with the first scheduled for launch in November.
It would comprise 543 double-storey linked houses, he said.

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