Post removed.Why?

Post removed.Why?

The dividends part is right as what darrenliew said..

GO GO GOOOO UP UP N AWAYYYYYY

BUY BUY BUY .. MORE DIVIDENDS THIS YEAR !! GO GO GO
$$.$$

http://www.thestar.com.my/business/business-news/2016/07/14/cimb-research-sees-upside-for-property-sector-after-cut-in-interest-rates/

KUALA LUMPUR: CIMB Equities Research remains Overweight on the property sector after Bank Negara Malaysia (BNM) announced it was lowering the Overnight Policy Rate (OPR) by 25bp to 3%.

It said on Thursday developers are undervalued and there is still upside to property share prices, supported by the recovery in property sales. The property sector is trading at 0.8 times price-to-book value (P/BV) at 30% discount to its 10-year average of 1.16 times.

“Although the KL Property Index has inched up 3% post-OPR cut, we believe there is still upside to property share prices, supported by the catalyst of recovery in property sales. Eco World remains our sector top pick. A sudden economic shock is the key downside risk to our sector call,” it said.

Following the cut in OPR, it said banks would be lowering their base rates and base lending rates. Every 25bp reduction in borrowing rate would reduce the monthly instalment for a 30-year mortgage loan by 3%. Homebuyers’ purchasing power would rise by similar quantum.

CIMB Research said a 25bp reduction in borrowing rates could increase consumers’ disposable income due to reduction in interest payments. This is likely to have some positive impact on consumer sentiment.

The interest in housing purchase has fallen since 3Q14 in tandem with consumer sentiment. A recovery in consumer sentiment could boost homebuyers’ confidence and lead to higher demand for property.

The research house said when it upgraded the property sector from Hold to Overweight in February 2016, it expected property sales in 2H16 to be better half-on-half due to gradual recovery in consumer sentiment from subsiding effects of political uncertainty, shock from the weak ringgit and low crude oil prices in 2015.

“The cut in OPR supports our view of improving consumer sentiment in 2H16, which could lead to property sales recovering sooner than later.

“Some may argue that the lower OPR would not cause banks to ease lending standards, citing 5M16 housing loan approval rate of only c.40%. However, the low loan approval rate of c.40% was computed based on the value of loans approved divided by value of loans applied.

“According to the Association of Banks in Malaysia, the loan approval rate in 2M16 would be c.80% if calculated based on the number of applications, rather than value,” said CIMB Research.

The Board of Directors of Tropicana wishes to announce that Tropicana Desa Mentari Sdn. Bhd. (“TDM” or “Vendor”), a wholly-owned subsidiary of Tropicana Golf & Country Resort Berhad, which in turn is a wholly-owned subsidiary of Tropicana Corporation Berhad (“Tropicana”), had on 1 July 2016, entered into a sale and purchase agreement (“SPA”) with Tiarn Oversea Group Sdn. Bhd. (“TIARN” or “Purchaser”) for the disposal of freehold land with developable area measuring in aggregate of approximately 251.5855 acres in area in the Mukim of Pulai, District of Johor Bahru, Negeri Johor Darul Takzim (“Land”) for a cash consideration of RM569,871,328 (“Sales Consideration”) (“Disposal”).

The net proceeds of approximately RM218.4 million after repayment of bank
borrowings, taxes and any related expenses arising from the Disposal are expected to
be utilised for the working capital and/or repayment of bank borrowings of Tropicana
and its group of companies (“Tropicana Group”)

Looking good for Tropicana as they managed to sell Johor land at this point of time !!

Luckyman is right..

Today is last day to announce the definitive agreement between Tropicana Desa Mentari and Terran Property...

TIME TO BUY BEFORE IT IS TOO LATE

EXECUTION OF HEADS OF AGREEMENT BETWEEN TROPICANA DESA MENTARI SDN BHD ("TDM"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA GOLF & COUNTRY RESORT BERHAD ("TGCRB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, AND TERRAN PROPERTY SDN BHD ("TPSB") IN RELATION TO THE PROPOSED DISPOSAL


The Board of Directors of Tropicana wishes to announce that Tropicana Desa Mentari Sdn Bhd (“TDM”), a wholly-owned subsidiary of Tropicana Golf & Country Resort Berhad (“TGCRB”), which in turn is a wholly-owned subsidiary of Tropicana, had entered into a Heads of Agreement (“HOA”) with Terran Property Sdn Bhd (“TPSB”) for the proposed disposal of and/or granting of development rights to TPSB and/or it’s nominee(s) of freehold land measuring in aggregate approximately 131.964 hectares in gross area in the Mukim of Pulai, District of Johor Bahru, Negeri Johor (“Land”), subject to adjustment for:

a) the existing water tank/reservoir on the Land;

b) the existing transmission tower and electricity pylons erected on the Land;

c) any acquisitions of land designated for highway use by the relevant authorities; and

d) such other deductable areas as mutually agreed by the relevant parties and stipulated in the Definitive Agreement (where applicable);

http://www.thestar.com.my/business/business-news/2016/05/20/tropicana-corp-records-higher-core-profit-of-rm152mil/

PETALING JAYA: Tropicana Corp Bhd recorded net profit of RM15.17mil in its first quarter ended March 31.

It added that its finance cost had almost halved to RM7.8mil from RM14.7mil a year ago, reflecting its success in executing its asset divestment strategy to reduce borrowings.

Its unbilled sales, it said, remained healthy at RM3bil as at March 31, 2016 and would continue to fuel the group’s earnings performance in the next two to three years.

“The group’s strategy for 2016 will continue to be market-driven and adapt to market demand while focusing to unlock value of its landbank in the Klang Valley, as well as in the northern region,” it said.

The group has a landbank of over 1,600 acres across Malaysia with a potential gross development value of more than RM50bil.

In the current financial year, Tropicana plans to launch over RM1.5bil worth of new projects, including new phases of Tropicana Aman in Shah Alam and Tropicana Heights in Kajang.

Plans are also in place to launch the fourth residential tower in Tropicana Gardens, Kota Damansara.

Darrenliew or DANNY liew ?

But dividends go go go go go goooooo

Darrenliew you work with Trop ?

Up up and away !!

Buy now since something seems like is cooking

BUY NOW @ RM 1 !!

BUY BEFORE Q1 ANNOUNCEMENT ;)

Trop has started its share buy back !

More positive outlook coming !

Next TP should be 1.20 .. BUY BEFORE IT'S TOO LATE !!

BUY BUY BUY !!

Affin Hwang Research : Achieved property sales of RM1.55bn in 2015

READ IT TODAY AT: http://www.tropicanacorp.com.my/investor-relations/reports/analyst-reports

I BELIEVE THE BOARD OF DIRECTORS HAS NOW ADOPTED A HIGH DIVIDEND YIELD STOCK. A VERY GOOD N STRATEGIC CORPORATE POLICY TO ATTRACT INVESTORS ESPECIALLY INSTITUTIONAL FUNDS. CHEERS
(quote from darrenliew)

darren has a good point here..

however, i must point out that trop dividends is better than epf dividends !!

huat ah !

BUY before it is too late !!

http://www.theedgemarkets.com/my/article/klci-decline-stablises-sentiment-has-recovered

road to recovery seen !

let's break the 1.05 resistance !

next resistance at 1.05 !

let's all BUY before the Q4 announcement.. i can smell more dividends coming already !!

Immediate hurdle for Tropicana at RM1.01, says AllianceDBS Research
By theedgemarkets.com / theedgemarkets.com | February 1, 2016 : 7:09 AM MYT

KUALA LUMPUR (Feb 1): AllianceDBS Research said the immediate hurdle for Tropicana Corporation Bhd was at RM1.01 and that Tropicana had on Jan 29 traded higher at 99.5 sen before closing near the day's high at 99 sen (up 3 sen or 3.12%).

In its evening edition last Friday, the research house said Tropicana continued to stay below the 20-day and 50-day moving average lines in the last 10 days.

"Following the up close on Jan 29, the stock is likely to move higher again with immediate hurdle at RM1.01.

"A crossover of RM1.01 should see further price rise to the next overhead resistance at RM1.05.
"The support is pegged at 96 sen. A fall below 96.5 sen would put pressure on the stock down to the subsequent support at 94 sen," it said.

AllianceDBS Research said stock volume traded on Jan 29 was 930,000 shares compared to the three-month average volume of 1.04 million shares.

The research house said that indicators wise, the MACD was marginally below the nine-day moving average line with the "sell" signal remaining intact.

It said the relative strength index indicated that the stock was currently in a neutral zone.

With more dividends coming soon (An Interim Dividend of 5c was paid last year already) and Tropicana Corp at 2nd most under-valued stock, we all should buy now !

Tropicana Corp seems to be on track for more dividends !

What do you all think ?