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2014-05-10 00:22 | Report Abuse
Actually the result is better than first quarter last year ^^
2014-05-10 00:20 | Report Abuse
Tropicana achieved Group Revenue and Profit Before Tax of RM299.1 million and RM24.8 million in this first quarter of FY2014 respectively, compared to RM305.3 million and RM66.8 million recorded in the previous corresponding quarter of FY2013. Adjusting for revenue from land sales in the first quarter of last year, Group Revenue in the current year quarter was up a healthy 66.9%. Similarly, Profit Before Tax rose 5.5% from RM23.5 million excluding the gain from land sales booked in the first quarter of last year.
Performance in the first quarter of FY2014 was largely driven by growth from its core property development division. Contributing projects include Tropicana Cheras, Tropicana Avenue, Tropicana Gardens in Greater KL and Tropicana Danga Bay (Tropez) in Iskandar Malaysia. Newer project Tropicana Metropark, is also enjoying steady construction progress.
2014-05-10 00:16 | Report Abuse
PRESS RELEASE
FOR IMMEDIATE RELEASE
TROPICANA DELIVERING ON TRANSFORMATION STRATEGY
1QFY14 Group Revenue Rose 67% To RM299.1m (Excluding Land Sale Impact In 1QFY13)
Record Unbilled Sales Of RM2.4bn As At March 2014
Historic Milestone As Tropicana Inks Partnership With Leading Chinese Real Estate Group
Continue To Accelerate Growth Through Unlocking Land Value, De-Gearing Initiatives & Strategic Tie-Ups
Petaling Jaya (09 May 2014) – Tropicana Corporation Berhad (“Tropicana” or “Group”) today announced its financial results for the first quarter of financial year ending 31 December 2014.
Tropicana achieved Group Revenue and Profit Before Tax of RM299.1 million and RM24.8 million in this first quarter of FY2014 respectively, compared to RM305.3 million and RM66.8 million recorded in the previous corresponding quarter of FY2013. Adjusting for revenue from land sales in the first quarter of last year, Group Revenue in the current year quarter was up a healthy 66.9%. Similarly, Profit Before Tax rose 5.5% from RM23.5 million excluding the gain from land sales booked in the first quarter of last year.
Performance in the first quarter of FY2014 was largely driven by growth from its core property development division. Contributing projects include Tropicana Cheras, Tropicana Avenue, Tropicana Gardens in Greater KL and Tropicana Danga Bay (Tropez) in Iskandar Malaysia. Newer project Tropicana Metropark, is also enjoying steady construction progress.
The Group’s unbilled sales as at the end of March 2014 stood at a record high of RM2.4 billion. This will provide earnings visibility for the rest of the year as construction progress from its ongoing projects gather pace.
Tropicana achieved new sales of RM395 million in the first quarter of FY2014, underpinned by sustained demand at its ongoing projects across key central, southern and northern regions. In addition, the Group’s new launches in Tropicana Heights, Kajang and Tropicana 218 Macalister on Penang Island have seen brisk take-up recently.
The Group’s maiden launch of terrace houses with GDV of RM270 million in Tropicana Heights received overwhelming response with more than 80% take-up following its launch in February 2014. The mixed development, sited on 199 acres of freehold land in the residential hotspot of Kajang, has a total estimated GDV of RM1.7 billion and will comprise landed residential products, serviced apartments as well as commercial projects.
For the year 2014, Tropicana is planning to launch new projects spread across Greater KL, Penang and Iskandar Malaysia with a total estimated GDV of RM3.0 billion. Maiden launch of Tropicana Aman comprising landed properties with GDV of RM770 million is planned for 2H 2014.
The Group achieved a historic milestone with its recent proposed partnership to develop a mixed commercial project in the heart of KL with Agile Property Holdings Ltd (“Agile Property”), a leading Chinese real estate group with strong presence in China, Hong Kong and Macau. This alliance with Agile Property will boost Tropicana’s brand presence and visibility across those regional markets, and enable the Group to leverage on Agile Property’s extensive marketing network.
The sale of its Jln Bukit Bintang Land into this Joint Venture company with Agile Property for RM448.4 million is expected to generate an estimated net gain of RM145 million for the Group. Over the past few months and including this transaction, Tropicana has successfully sealed land sale transactions that will raise gross proceeds of about RM1.1 billion. This is in line with the Group’s focus to de-gear its balance sheet and this latest transaction has added even greater momentum to the Group’s overall transformation strategy.
Tropicana has made excellent progress in its focus to unlock the value of its significant landbank as well as its de-gearing initiatives. The Group will continue with its transformation strategy by unlocking its land value through development activities and land sale opportunities, pursuing de- gearing initiatives as well as forming strategic alliances at the project level to accelerate growth.
With its current yet to be developed landbank of 1,954 acres with potential new GDV of more than RM70 billion across high growth areas in Greater KL, Iskandar Malaysia and Penang Island, Tropicana is well positioned on its transformation journey to becoming a premier property developer in Malaysia.
2014-05-09 23:44 | Report Abuse
Still got hope of this counter?
2014-05-09 15:35 | Report Abuse
good news price also no moving up? boring lerrrr....Zzzzzzzzzzz
2014-05-06 23:15 | Report Abuse
Tropicana Corporation Bhd forms bullish "Hammer" chart pattern
May 05, 2014
Recognia has detected a "Hammer" chart pattern formed on Tropicana Corporation Bhd (TROP:MYX). This bullish signal indicates that the stock price may rise from the close of 1.54.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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2014-05-06 15:41 | Report Abuse
no one want to sell at lower price!!! hold n sell at 1.60
2014-05-06 12:09 | Report Abuse
divedent out very soon....buy b4 late!!!
2014-05-05 20:09 | Report Abuse
Up trend started!!! More good news coming!!!
2014-05-02 18:01 | Report Abuse
finally PP completed.
not bad lar... at least today closed up!!! next week goreng lor!!!!
2014-05-02 17:47 | Report Abuse
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING HEVEABOARD BERHAD (“HEVEABOARD” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HEVEABOARD (“PRIVATE PLACEMENT”)
HEVEABOARD BERHAD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description HEVEABOARD BERHAD (“HEVEABOARD” OR THE “COMPANY”)
PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HEVEABOARD (“PRIVATE PLACEMENT”)
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcements in relation to the Private Placement.
We refer to the previous announcements in relation to the Private Placement.
On behalf of the Board, RHB Investment Bank is pleased to announce that the Board has fixed the issue price for the placement of 500,000 new HeveaBoard Shares, being the first tranche of the Private Placement at an issue price of RM1.24 per Placement Share.
The issue price represents a discount of approximately 8% or RM0.11 to the five (5)-day VWAP of HeveaBoard Shares up to and including 30 April 2014 of RM1.35.
This announcement is dated 2 May 2014.
2014-04-30 22:47 | Report Abuse
Ic, if price higher than can get more fund? Why low? ^^
2014-04-30 22:28 | Report Abuse
Wiki, price fixing of PP not suppose to be higher?
2014-04-29 22:47 | Report Abuse
Tmrw will be uptrend? Down so many days already!!!!
2014-04-29 22:32 | Report Abuse
Fb, how u see tmrw market? Today alot counter red ler...
2014-04-29 13:39 | Report Abuse
Why majority of the shares on market drop?
2014-04-28 23:48 | Report Abuse
GHLSYS - Initiation Report
Date: 28/04/2014
Source : NETRESEARCH
Stock : GHLSYS Price Target : 1.12 | Price Call : BUY
Last Price : 0.85 | Upside/Downside : +0.27 (31.76%)
2014-04-28 22:34 | Report Abuse
Very slow hevea now... Hope will be moving fast!!!!
U have any news of hevea? When the private placement will be done?
2014-04-28 22:27 | Report Abuse
Fortunebullz, how u see hevea? Any possible upside?
2014-04-26 17:08 | Report Abuse
Christine, we support u!!! Take the flag as compliment for u....:)
2014-04-26 17:05 | Report Abuse
Hi Christine, thanks to bring me here...hope u can share about Hevea chart ya.. Thanks.
2014-04-26 16:04 | Report Abuse
Christine, can u write for Hevea chart also? Thanks in advance...
2014-04-26 16:03 | Report Abuse
Big big thanks for both of u for the sharing!!!
2014-04-26 14:41 | Report Abuse
整合E-pay系統‧GHL要成東盟最大電子支付商
2014-04-26 12:45
(吉隆坡25日訊)GHL系統(GHLSYS,0021,主板科技組)執行董事黃錦國指出,該公司預期可在2個月內將E-pay亞洲有限公司整合到現有電子支付及相關系統之中,以全面汲取協同效益,並專注進一步發展國內外業務,朝向在2015年成為東盟最大電子支付供應商的終極目標前進。
積極開拓印尼市場
除了大馬、菲律賓、泰國及澳洲,該公司也積極開拓印尼市場,甫於1個月前邁出重要第一步,即與印尼製造貨幣國營公司Peruri簽署備忘錄,為合作推行電子付款活動鋪路。
黃錦國今日接受《星洲財經》專訪時披露,該公司將繼續在東盟區域尋求合作及投資機會,下個主要探討目標落在緬甸及越南,以尋求與該公司現有電子支付及相關業務相輔相成,以及能夠帶來最高協同效益的業務或合作伙伴。
他指出,目前大馬使用電子支付及相關服務終端機的商家約有30萬家,國家銀行計劃要在2020年時將商家數目增加至130萬家,將為該公司提供龐大商機。
他補充,在政府推行的經濟轉型計劃(ETP)中,在金融服務領域的國家關鍵經濟領域第四項計劃,則包括付款電子化在內,以期減少依靠現金交易,即從目前約91.1%,降至2020年的63%水平。該公司將儘量配合政府達到這項目標,特別是年輕一代更容易接受使用電子化服務。
他指出,目前大馬的信用卡滲透率僅為人口的15%,顯示尚有很大的成長空間。同時,該公司業務的主要推動力,包括東盟擁有逾6億人口,經濟規模達到2.15兆美元,區域的綜合付款生態進入電子化趨勢,營造更多客戶、商家的交叉交易商機等。
他披露,目前該公司總共擁有10萬個電子支付終端機,包括大馬和菲律賓各有超過4萬個,泰國則有逾1萬個,後者業務成長較為緩慢,主要是受到政治動盪不安的影響。
積極重組整頓
他指出,2012年財政年大馬業務占總營業額的72%,菲律賓和泰國各佔19%和9%,而在2013年則分別為64%,26%及9%。該公司計劃在2015年時,國內與國外業的營業額,將平分秋色,各佔50%。
他指出,隨著該公司新的大股東及管理層進入後,即積極地進行重組整頓,特別是在2011年攤消總值2千零86萬令吉的資產,主要是陳舊的終端機賬面價值,以及關閉中國業務所蒙受550萬令吉虧損後,即從2012年財政年開始轉虧為盈,保住東盟首要電子付款服務商地位。
截至2014年4月24日,該公司的股本為4億2千100萬股,每股淨有形資產為30.4仙,而負債額微不足道,目前該公司的3大核心業務,包括電子支付/收單系統等的外包服務、電子解決方案服務,以及交易付款收單等。(星洲日報/財經)
點看全文: http://biz.sinchew.com.my/node/94022?tid=6#ixzz2zyKa1WdA
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2014-04-26 14:38 | Report Abuse
Christine, how u see the chart now?
2014-04-26 14:18 | Report Abuse
Thanks Christine for the great news!!! Hope monday will fly again!!!!
2014-04-26 10:04 | Report Abuse
mc, what is the support now? Will rebound soon?
2014-04-18 12:41 | Report Abuse
how long for private placement to complete?
2014-04-17 16:57 | Report Abuse
Why sell down at 0.890 at last 15 minutes?
Stock: [HEVEA]: HEVEABOARD BHD
2014-05-12 19:25 | Report Abuse
Yea.... Slow n steady... When can up n up?!!!