LAST YEAR GAVE SEVERAL DIVIDENDS TOTALLING 7 SEN.

EXPECTING GOOD DIVIDENDS THIS YEAR ALSO (BASED ON IT ALREADY HAVE 19.59M TREASURY SHARES AVAILABLE FOR DISTRIBUTION TO SHAREHOLDERS PLUS
STRONG FREE CASH FLOWS RECEIVED FROM PROGRESSIVE RECEIPTS OF UNBILLED SALES AND FROM DISPOSALS OF BIG VALUE NON CORE ASSETS PLUS HIGHER QUARTERLY PROFITS

FUNDAMENTALS HAD STRENGTHENED.
NEW SALES FOR 6 MONTHS OF 2016 AT RM502M WAS COMMENDABLE WHEN CURRENT PROPERTY MARKETS WERE SOFTER. PROJECTS IN GOOD LOCATIONS HELPED.

UNBILLED SALES AT RM2.8B GAVE GOOD EARNINGS VISIBILITY FOR 2Q AND 3Q 2016 RESULTS. THIS WILL BE ENHANCED WHEN THE SALES OF 2 COMMERCIAL BUILDINGS FOR RM154M AND RM55M ARE INCLUDED IN THE NEXT 2 Q RESULTS.
TO BE FURTHER ENHANCED WITH THE PROGRESSIVE COMPLETION OF ITS SALE OF JB LANDS FOR RM659M.

PROFIT MARGINS INCREASED WITH VERY SUCCESSFUL DEGEARING RESULTING IN GREATLY REDUCED BANK INTEREST COSTS = HIGHER AND HIGHER PROFITS.

SUSTAINABLE BUSINESS N PROFIT GROWTH. NOTE NTA IS NOW RM2.17

2Q RESULTS WERE ALL IMPROVED.
TOPLINE REVENUE UP 15% TO 358M.
PRETAX PROFIT UP 70% TO 44M
2Q NET PROFIT ALMOST DOUBLED TO 32M (FROM 16M IN 1Q)
1H NEW SALES WAS 502M WHILE UNBILLED SALES WAS A GOOD 2.8B
ALL INDICATIVE OF HEALTHY SUSTAINABLE BUSINESS GROWTH FOR 2016.

CONFIDENT AND POSITIVE OUTLOOK

GOOD PROFITS AND DIVIDENDS ARE THE 2 MOST IMPORTANT CRITERIA FOR GOOD SHARE INVESTMENT RETURNS

PRICE CATALYSTS WILL COME FROM A GOOD SET OF 2Q RESULTS /PROFITS AND ADIVIDEND ANNOUNCEMENTS

RALLY COMING

LAST YEAR PAID 7 SEN DIVIDEND

ALSO BOUGHT. GREATLY UNDERVALUED. WITH DIVIDEND COMING

HOW CAN ANYONE MAKES SUCH SILLY MISTAKE?
EURO's CURRENT PRICE 0.23 IS ALREADY AT ITS HISTORIC LOW.
ITS HIGH WAS AT 0.325.

FULLY AGREED WITH pekor's OPINION ON hng33 WHOSE INVESTMENT TRACK RECORDS ARE VERY GOOD.

likely game over for the time being.
they already made lots of money.
past 2 weeks pattern indicate distribution
next q results 4 months away. 3q will still be bogged down by impairment overhang which is already a known fact. aim for banking licence also said ny mbsb mgt NOT a priority

I MEAN MBSB SHARE

Proud to admit that I had also made money by following him in MBDB

Based on my observations Hng33 is a very
Experienced n Smart investor. I had seen his very good timing
In his very profitable trades in MBSB.
HNG HAD POSTED HIS ADDITIONAL PURCHASES IN
MALTON.

TECHNICALLY ITS PRICE HAD REMAINED ABOVE 1.04 AND ON LARGER VOLUMES.

NOTE THE FOLLOWING GREATLY IMPROVED FUNDAMENTALS: BY FYE2015 ALREADY BROUGHT ITS GEARING FROM 7.7x to 3.0x(good), 1H FURTHER SOLD 2 COMMERCIAL BUILDINGS FOR RM195M CASH. ALSO SOLD JOHORE LAND FOR RM659M CASH LAST MONTH. THESE WILL BRING IN LOTS OF CASH IN ADDITION TO REALISING BIG CAPITAL GAINS BOOSTING ITS COMING QUARTERLY PROFITS. TOGETHER WITH THE PROFITS N CASH RECOGNIZED FROM ITS PROGRESSIVE RECEIPTS FROM ITS UNBILLED SALES OF RM3.2 BILLIONS , U CAN NOW SEE THE VERY GOOD PROSPECTS OF A STRONG SET OF 2Q RESULTS IN 1 to 2 WEEKS TIME. TROP WILL ALSO HAVE A LOT OF FREE CASH FLOWS TO PAY A GOOD DIVIDEND IN LINE WITH ITS OBJECTIVE TO REBRAND ITSELF AS A HIGH YIELD STOCK PLAY.
EXPECTING A HIGH DIVIDENG COMPRISING CASH + TREASURY SHARES. CA. ALSO TOP IT WITH A SPECIAL D. EXPECT A SPIKE IN ITS PRICE WHEN THESE HAPPEN.

I MEAN "GOOD" FOR ME AND ALL

TROP IS JUST LIKE MALTON. JUST NEED TO BE PATIENT AND IT WILL ALWAYS REWARD U.
MALTON IS UP AGAIN TODAY. BEAUTIFUL

I AM VERY OPTIMISTIC. THIS VERY UNDERVALUED AND SOLID COUNTER NEEDS PATIENCE AND WE WILL REAP OUR REWARDS SOON. NEAR TERM CATALYSTS INCLUDE A VERY STRONG SET OF 2Q RESULTS + A GOOD DIVIDEND TO BE ANNOUNCED IN THE NEXT 2 WEEKS. (LAST YEAR GAVE 7 SEN. WE ARE LIKELY TO GET A SURPRISING GOOD DIVIDEND (INCLUSIVE OF A SPECIAL D WHICH IT CAN AFFORD WITH THE HUGELY PROFITABLE DISPOSALS OF BIG VALUE NON CORE ASSETS.

TROP HAS BEEN FOOD FOR ME. ALWAYS MADE MONEY FOR ME. I JUST NEED TO BE A PATIENT. AND THE TIME FOR REWARDS AGAIN IS COMING REAL SOON

DISAGREED. NOW FLUSHED WITH CASH FROM SALES OF BIG VALUE NON CORE ASSETS THE PAST FEW YEARS. HENCE ABLE TO PAY 7 SEN DIVIDENDS LAST YEAR. SOLD MORE NON ESSENTIAL PROPERTIES THIS YEAR. BOOKING IN BIG CAPITAL GAINS PLUS ADDING MORE CASH N MORE FREE CASH FLOW TO PAY HIGHER DIVIDENDS

half baked analyst

JAY. THIS HALF BAKED USED INACCURATE FINANCIAL DATA TO PRESENT THEIR MISLEADING ANALAYSIS IS SHOCKING.
ALSO THE BIG SHAREHOLDERS HAD ALREADY AVERAGED THEIR COSTS VIA RIGHTS +EXCESS.
HENCE UNLIKELY BUY MORE AT THIS JUNCTURE.

Management has been taking positive corporate actions to enhance its brand and profile among th8e investors. Besides strenthening its fundamentals like bringing down its gearing from 7.7x to a very comfortable 3.0x , it had turned Trop into one of the highest Dividend Yield stocks. Last year paid 7 sen or DY abt 7%. We are now expecting a very good 2Q results due this month. With lots of Cash Inflows from disposals of high value non cote assets n boosting its Free Cash Flows we will likely get a HIGH COMBINED DIVIDENDS comprising Cash + Treasury shares.Its high Dividends will win over more investors support

MY REASON FOR CHANGING MY MIND FROM A HOLD TO A SELL (after reading Starbiz attached below)
(Jay's blog on 'TO AVOID OR BUY" is quite similiar but more well researched. Jay's view is ALSO to AVOID which to me means SELL/TAKE PROFITS)


Analysts differ on whether the worst is over for the company

PETALING JAYA: Analysts are mixed on non-bank lender Malaysia Building Society Bhd’s prospects following its poor results, with some feeling the worst has been priced in, while others feel the company’s prospects will continue to be dampened on the back of continued poor results and the absence of new catalysts.

Notably, Affin Hwang Capital Research has downgraded the stock to a “sell”, stating that its financial performance is likely to remain weak in the coming quarters.

“With the lack of any near term re-rating catalysts, we believe that such rally in its share price offers a good window to realise gains. Therefore, we downgrade our rating for MBSB to a sell with post-rights 12-month price target at 78 sen based on a 0.65 times 2017 price to book value multiple,” said Affin Hwang.

For the second quarter ended June 30, 2016, MBSB’s net profit was down 26.35% to RM63mil on the back of a 6.1% increase in revenue to RM812.52mil. For the six-month period, net profit was down 53.36% to RM97.84mil on the back of a 11.59% jump in revenue to RM1.63bil.

MBSB was down 3 sen to 89 sen yesterday.

MBSB’s second quarter net profit was down primarily due to higher impaired loan allowances, which rose by 34%. The first half results were also below estimates with operating income declining 1.8% as management continued to focus on corporate loans portfolio in place of the higher yielding personal financing portfolio while provisions spiked 69%. “Management has further guided that loan growth is likely to remain modest for the year while provisions will remain elevated up till FY17. As such, we have made some adjustments to our earnings forecast with lower net interest income forecast for its financial year (FY) ended Dec 31, 2016 and FY17, higher impaired loan allowances of RM750mil per annum along with the adjustment for the dilutive impact of the recently concluded rights issue on earnings and net assets per share,” said Affin Hwang.

Provisions aside, MBSB’s financial performance has been disappointing for the past few years as it struggles to grow its pre-provision operating income.

Moreover, MBSB’s path to obtain a banking license could be longer than expected as management are not actively pursuing such license due to its prohibitive cost.

AGREED. BETTER FOLLOW THE BIG GUYS TO TAKE PROFITS NOW.
ANYWAY, ITS 2Q RESULTS IS ALREADY OUT. NO MORE IMPORTANT NEWS . THE 3Q RESULTS IS 4 MONTHS AWAY.

WHAT IS THE NEGATIVE REPORT FROM THE EDGE TODAY?

EXPECTING A PRICE REBOUND TODAY

CHEAPER ENTRY PRICE NOW @ 0.885 COMPARED TO HIGH OF 0.94 YESTERDAY.

YES. THEY PAID DIVIDENDS OF 5 SEN EACH IN 2013 AND 2014 AND 12 SEN IN 2015
CAN AFFORD TO REVERT TO PAYING HIGHER DIVIDENDS WHEN THEIR PROFITS ARE NORMALISED BACK TO HIGHER LEVELS.

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AGREED. ANY MAJOR SHAREHOLDER OWNING 5% OR MORE OF THE EQUITY OF MBSB MUST ANNOUNCE THRO BURSA. CMY OR EPF DID NOT SELL A SINGLE SHARE. THEY ARE STRONG SHAREHOLDERS. WILL NOT SELL.

ALSO 2Q PROFITS AT RM63M WAS MUCH BETTER THAN THE PRECEDING 1Q's RM15M.
(DESPITE ITS ONGOING IMPAIRMENT COSTS AND DESPITE A HIGHER AMOUNT PROVIDED IN THE 2Q COMPARED TO THE 1Q'S). THIS MEANS MBSB'S TOPLINE BUSINESS REVENUES HAD ACTUALLY INCREASED AND IMPROVED.

FUNDAMENTALS REMAIN SATISFACTORY EVEN THO WITH THE DECLINE IN CURRENT YEAR'S PROFITS YEAR ON YEAR. EG.NTA RM1.71. RETAINED EARNINGS RM726M .HENCE EVEN WITH EXPECTED PROFITS DOWN TO RM130M (FROM 257M 2015) THIS YEAR, ITS TOTAL RETAINED EARNINGS WILL INCREASE TO A HUGE RM856M. CAN EASILY PAY AT LEAST 3 SEN DIVIDEND (LIKE LAST YEAR.) DIVIDEND YIELD IS STILL GOOD COMPARED TO BANKS FIXED DEPOSITS

BASED ON THE ABOVE POSITIVES, MBSB'S PRICE AT 0.885 IS REAL CHEAP

THE RM1.4B IMPAIRMENT AMOUNT WAS MENTIONED IN STARBIZ REPORT. WAS ALSO STATED IN MBSB'S Q RESULTS'COMMENTARIES/BREIFINGS

TOTAL IMPAIRMENT/BAD LOANS PROVISIONING RM1.4B OVER 2 YEARS IS HUGE.

WILL HAVE A BIG NEGATIVE IMPACT ON 2Q RESULTS TO BE OUT AFTER MARKET CLOSED MONDAY. CAN THEN REASSESS AFTER AFTER STUDYING REPORT

SPINNING OFF SOME OF ITS LANDBANKS VIA A LISTINGOF ITS REITS WILL ALSO BRING IN STRONGER CASH INFLOWS AS WELL AS REALISE BIG CAPITAL GAINS AND INCREASE ITS PROFITS. CAN THEN PAY EVEN HIGHER DIVIDENDS (TO IMPROVE ON ITS 7 SEN DIVIDENDS PAID LAST YEAR). EG ITS RECENT SALE OF ITS PULAI/JB LAND FOR RM659M WILL REGISTER A CAPITAL GAIN OF RM55M

THE ENHANCED REITS WILL PROVIDE TROPICANA ANOTHER VIABLE OPTION FOR ITS DEGEARING EXERCISE BESIDES SELLING OUTRIGHT TO OTHERS.

SUCH REITS ALSO HAVE ADDITIONAL FINANCIAL BENEFITS AS STATED ABOVE

ITS AUDITED NTA IS RM2.15 PER FYE2015.
SHARE PRICE ONLY 1.04. SHOULD BE HIGHER TO REFLECT ITS TRUE VALUE

SECURITIES COMMISSION'S PLAN TO ALLOW THE LISTING OF PROPERTY REITS TO INCLUDE LANDBANKS. BIG LISTED PROPERTY COMPANIES , LIKE TROPICANA WITH BIG STRATEGICALLY LOCATED LANDBANKS WILL LIKELY TAP INTO THIS OPTION TO UNLOCK THEIR ASSET VALUES, RAISE CAPITAL, REDUCE THEIR GEARING, AND YET RETAIN THEIR CONTROLLING INTERESTS THROUGH THEIR LISTING OF SUCH REITS.

VERY POSITIVE CORPORATE PLAN FOR TROPICANA.
ALREADY VERY SUCCESSFUL IN ITS DEGEARING IN THE LAST FEW YEARS.
SUCH ENHANCED REITS WILL ACCELERATE ITS DEGEARING AND UNLOCK THE VALUE OF ITS LANDBANK EVEN FASTER.

THIS WILL BE A GOOD CATALYST TO FURTHER UNLOCK THE VALUE OF ITS UNDERVALUED ASSETS.

WILL BE A GOOD POSITIVE CATALYST TO BOOST ITS SHARE PRICE.

HENCE AM EXPECTING SOME VERY TOUGH YEARS AHEAD FOR AT LEAST 2016 AND 2017

ITS IMPAIRMENT AND LOAN PROVISIONING PROGRAMME STARTED IN 4Q 2014 AND SCHEDULED TO CONTINUED INTO 2017 WAS ANNOUNCED AND CONTINUOUSLY IMPLEMENTED. HENCE THIS FACT WILL ALSO HIT ITS COMING 2Q PROFITS TO BE ANNOUNCED THIS MONDAY.
MOREOVER IT WAS REPORTED THE RECENT REDUCTION IN OPR/ INTEREST RATE HAD SO FAR FAILED TO INCREASE LOAN GROWTH BCOS OF WEAK ECON SENTIMENTS AND OUR DOMESTIC HOUSEHOLD DEBT IS ALREADY TOO HIGH

ITS D-DAY FOR ITS 2Q RESULTS.
WILL TAKE SOME TIME TO TURN AROUND AS ITS MANAGEMENT VIA ITS RECENT ANALYSTS' BRIEFING CONFIRMED IT DOUBTFUL DEBTS PROVISIONING WILL CONTINUE INTO 2017. HENCE NOT OPTIMISTIC ON ITS 2Q RESULTS ANNOUNCEMENT COMING MONDAY

UPTREND FIRMLY IN PLACE. CURRENT UPTREND WILL BE STRONGER SUPPORTED BY FURTHER IMPROVED FUNDAMENTALS. HENCE SHORT TERM PRICE TARGETS 1.30 TO 1.40 ARE ACHIEVABLE

POSITIVE CATALYSTS WILL COME SOON. BETTER 2Q RESULTS AND HIGHER DIVIDENDS ARE REAL AND TANGIBLE BENEFITS

Well. its high dividend yield is very attractive @ 7% (likely more this year in view of its success in more disposals of non-core assets, reaping big capital gains, reducing borrowings thereby increasing profitability) The rm195m cash received for the 2 properties sold this year will enhance its free cash flows for higher dividend payouts. Its dividends doubles that offered by Bank FDs

FUNDAMENTALS STRONG

VERY HIGH DIVIDEND YIELD STOCK. PAID 7 SEN LAST YEAR. EXPECTING A GOOD DIVIDEND ANNOUNCEMENT FOR 2016 SOON

DEGEARING/BORROWINGS REDUCTION WAS VERY SUCCESSFUL IN 2013 TO 2015 AND LOWERED ITS GEARING RATIO FROM 7.7x TO 3.0x BY 2015.
MORE DISPOSALS OF NON CORE ASSETS THIS YEAR TODATE INCLUDE SALES OF A 12 STOREY BUILDING IN JLN PUDU FOR RM55M AND A 19 STOREY OFFICE BUILDING TO KENANGA INVESTMENT BANK FOR RM140M. TOTAL CASH RECEIVED RM195M IN THE FIRST HALF OF 2016. LASTEST SALE OF PULAI/JB LAND TO TERRAN OVERSEAS FOR RM570M JUST SIGNED. MORE DEGEARING SUCCESSFULLY ACHIEVED IN CURRENT YEAR TOGETHER WITH UNBILLED SALES OF RM3.1B(AS AT FYE2015 WITH PROGRESSIVE BILLINGS AND RECEIPTS FROM BANK FINANCIERS) MEANS TROPICANA'S PROFITS AND FREE CASH FLOWS WILL BE STRONG AND BETTER RESULTS WITH HIGHER DIVIDENDS ARE EXPECTED.

HIGHER DIVIDENDS EXPECTED WITH 2Q RESULTS SOON. CONTINUED DEGEARING EXERCISE DURING THE PAST 1 YEAR WAS VERY SUCCESSFUL. IN ADDITION TO REALISING BIG CAPITAL GAINS, BANK LOAN INTEREST EXPENSE ARE ALSO BEING REDUCED SIGNIFICANTLY. ALL THESE WILL TRANSLATE INTO A GOOD 2Q PROFITS. THE INCREASED CASH BALANCE AND THE ADDITIONAL FREE CASH FLOWS WILL ALSO MEAN HIGHER DIVIDENDS ARE LIKELY WHEN ITS 2Q RESULTS ARE ANNOUNCED SOON.

UPTREND PRICES SUPPORTED BY MORE GOOD NEWSFLOWS. 3 PROPERTY LAUNCHES IN STRATEGIC LOCATIONS IN KL/SELANGOR + UPCOMING GOOD 2Q RESULTS N DIVIDEND ANNOUNCEMENTS

COMFORTABLY REDUCED GEARING FROM 7.7x TWO YEARS AGO TO 3.3x AS AT LAST FY ENDING 31/12/2015. DURING 2015 DIVIDENDS PAID OUT TOTALLED 7 SEN.
THIS CURRENT YEAR WITH ADDITIONAL DISPOSALS OF NON CORE LANDS, GEARING WILL BE FURTHER REDUCED. THIS TOGETHER WITH RM3 BILLIONS UNBILLED SALES (houses sold and under progressive collections from financers) WILL ENSURE INCREASED FREE CASH FLOWS FOR HIGHER DIVIDEND PAYOUTS. EXPECT GOOD DIVIDEND ANNOUNCEMENT TOGETHER WITH 2Q RESULTS DUE OUT SOON.

ALREADY SUCCESSFULLY DE-GEARED THE LAST 2 YEARS. WITH THIS HUGE CASH SALE, TROPICANA WILL BECOME CASH RICH.
LAST YEAR GAVE 7 SEN DIVIDENDS. A DIVIDEND YIELD OF 7% IS ONE OF THE HIGHEST DIVIDEND STOCK IN ASIA.
THIS YEAR WE CAN REALISTICALLY EXPECT 8 TO 10 SEN DIVIDEND PAYOUTS COMPRISING CASH DIVIDENDS AND DISTRIBUTION OF TREASURY SHARES.

GOOD JOB BY TROPICANA DIRECTORS/MANAGEMENT

CHEERS N CONGRATS TO ALL

Good for u. Both mother share n Warrant prices will go up together
Today started new uptrend after a long consolidation
This latest uptrend will be stronger n hence its share price can go
Above its recent high of 1.18.
(Based on the confluence n alignment of many positive catalysts)