BFM Podcast
Property Developers Shifting Southwards
Loong Kok Wen, RHB Research analyst talks about Tambun Indah Land:
- Tambun Indah is buying a minority stake in Pearl City from Nadayu Properties (Not rated, NPB MK). Using a proposed private placement to partially fund this. Tell us more about Pearl City, what stage of development is it at?
- sales forecast raised to RM500m on the back of launches such as Straits Garden and Pearl Avenue shop lots - exceeded 70%.
- After the 2nd Penang Bridge Ramp collapsed, confidence level in the bridge’s construction - ready when?
- Islanders typically don’t quite consider mainland as part of Penang per se. How would that perception affect Penang mainland from being viewed as a desirable area?
- bullish on Penang island property? Seems like a very crowded market though.
- Stock is somewhat illiquid though, with Teh Kiak Seng holding 47%, so free float comes in at 53%.
- In terms of property stocks, your overall sector outlook? Between Penang, Iskandar, Rawang - property hot spot?
Tambun Indah hit a 52-week high earlier this week of RM1.50 on 22 July. RHB Research has a Buy call on Tambun Indah at RM1.71.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
danny_dsk
More and more MNC setting up plants on Penang island?
Penang Island property driven by land scarcity?
Penang properties driven by the foreigners and rich locals?
Very funny remarks...
2013-07-27 17:34