Definitely a good hedge against our falling RM and market uncertainty

With a reduced debt ratio of only 0.3x, consistent shares buyback, PE at 7.4x, a dividend of 7 sen a share plus NTA RM2.23 (almost 196% of current shares price of RM1.14), you will be buying TROP on the cheap with more than 50% discount!

PBT for Q4/14 was RM234.5m which included an one-off land sale profit of RM167.9m and RM17.1 million for fair value adjustments from investment properties. So, the net for Q4/15 should have been only RM49.5m from core business, compare with RM54.7m for Q4/15.

Although Q4/15 revenue was RM304.9m compared to Q4/14 RM904.0m, but we must minus out the one-off land sale of RM470.7m in Q4/14.

Net off, it should be only RM433.3m in Q4/14, not far from the RM304.9m in Q4/15.

For the fourth quarter under review, the Group recorded revenue of RM304.9 million, compared to RM904.0 million registered in the corresponding quarter last year. Included in the revenue from the corresponding quarter in 2014 was land sale of RM470.7 million. Profit before tax (“PBT”) was lower at RM54.7 million for the current quarter under review, compared to RM234.5 million recorded in the previous corresponding quarter, which also included gain from land sale of RM167.9 million and RM17.1 million fair value adjustments from investment properties.

And this hidden future profits to add to :

Twelve-month total sales at RM1.55 billion, with record high unbilled sales of RM3.13 billion to sustain performance in 2016

Net gearing improved from 0.68x as at end-December 2014 to 0.30x in 2015 as a result of the Group’s de-gearing initiatives

What is important is in the degearing. TROP now has one of the lowest in net gearing among large cap property stocks, at 0.3x Price-to-Book ratio only

Feb 17, 2016 10:52 PM | Report Abuse
Q4 announcement this Friday 19/2. Net profit $240m !

I already said so

See, 1.15 broken without a sweat

Aliiance 1.15 resistance look like taufu to me now

Huat arrrrr

Over manipulated or over concentrated in Danny's hand? Lol

This is a stock that will make you a millionaire within this year

Q4 announcement this Friday 19/2. Net profit $240m !

BUY !

Jholow of i3 said his boss told him : "this is the counter that will make a lot of people into becoming multimillionaire by this year"

Boss lining the bullets to whack 9696 on this counter for 2016

See...

旗开得胜

Gong Xi Gong Xi
Fa Cai in this counter soon

恭喜恭喜
即将发财