Apex Securities starts coverage on property developer Lagenda

It assigns a fair value of RM1.52 on the group, projects higher earnings.

Lagenda specialises in developing affordable landed properties and townships for B40 and M40 income households.

“These include acquiring large parcels of low-cost land in non-urban areas, in-house construction capabilities, strategic partnerships, and achieving economies of scale through developing over 10,000 units in their key townships, distinguishing them from competitors,” it said. Lagenda specialises in developing affordable landed properties and integrated townships targeted for B40 and M40 income households in Malaysia.

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