Posted by jayloh > 2016-04-20 06:53 | Report Abuse

please do note that inclusion of debt and interest increases the DCF value. this is because their finance costs is lower than the discount rate

Posted by Ricky Yeo > 2016-04-20 08:23 | Report Abuse

You have to be careful with the DCF calculation. For the venture, only 20% of the DCF value is accounted for in the first 10 years, and 51% for medical. If you only go as far as 10 years, those 2 will only come up to EV of 235mil or $3.26.

Posted by jayloh > 2016-04-20 08:51 | Report Abuse

@Ricky Yeo thanks for the comment. yes I agree with you as they need to pay off the debts in the earlier years. the company will only reap the benefits in later years

Posted by ckk2266 > 2016-04-20 13:27 | Report Abuse

Z1P2 contract value was RM 266.5m....(AR2012 pg14)

Posted by jayloh > 2016-04-20 13:52 | Report Abuse

@ckk2266 thanks for highlighting that. missed that one out but the valuation shd still b correct as we have entered the availability charges phase. that estimation was only to try to estimate d profit margin

Posted by jayloh > 2016-04-20 13:55 | Report Abuse

there are no details on Z1P3 contract yet. If Z1P2 was RM266m but actual payment was RM850m over 20+ years, I wonder if the RM599m Z1P3 the actual payment would be over RM1.5b? what I'm estimating now is the opposite, meaning RM599m as actual payment and revenue/costs/profits are much lower. If indeed is the other way round, the value of Triplc Medical could b mind blowing

Posted by ckk2266 > 2016-04-20 15:06 | Report Abuse

Very lucrative concession projects

Posted by ckk2266 > 2016-04-20 15:12 | Report Abuse

jayloh : for reference
http://www.thesundaily.my/news/1594972

Posted by jayloh > 2016-04-20 17:07 | Report Abuse

@ckk2266 thanks a lot. indeed mind blowing!!! maybe I'll try doing a separate scenario if that is true

Posted by jayloh > 2016-04-20 17:08 | Report Abuse

thanks guys for the inputs, especially ckk2266. there's really only that much I can do in half a day after they announce the HOA, that's why all your feedbacks are much appreciated

Posted by ckk2266 > 2016-04-20 17:35 | Report Abuse

:)

Posted by jayloh > 2016-04-20 19:25 | Report Abuse

hi guys I have added a section based on the sun article. now let's see how this all pans out :) market cap now is only RM100m

Posted by ckk2266 > 2016-04-21 12:52 | Report Abuse

The Goose That Lays the Golden Eggs

Posted by Ckk2266 > 2016-04-23 11:35 | Report Abuse

http://youtu.be/VUNkhYMcBbU

Posted by Ckk2266 > 2016-06-11 09:05 | Report Abuse

http://www.marc.com.my/index.php/marc-rating-announcements/511-marc-affirms-its-rating-of-aaa-fg-on-triplc-ventures-sdn-bhd-s-rm240-million-senior-mtn-programme-30102015

Posted by Richard Wong > 2016-06-11 14:16 | Report Abuse

www.facebook.com/HollandStock

source:

Posted by Richard Wong > 2016-06-11 14:19 | Report Abuse

被严重低估的"建筑"股
Triplc 5622
与其说Triplc是建筑股，倒不如说它是家MARA大学寻租包赚股。
它的生意模式是拿政府合同建MARA的校舍赚建筑费。
然后最特别包赚这点是建好后把校舍租给MARA长达20余年，享有稳定的租金来尝还固定的低息贷款(以供建筑MARA校舍)。
过去完成的MARA校舍，目前享有每年稳定超过每股一毛的净利。
而今年2月又取得新的MARA医院校舍的寻租包赚合同RM5.9亿，相信很快又能给公司带来新的成长！
目前股价：RM1.75
目标价：RM3.50
EPS：RM0.11
本益比：16
【利好】
1）公司股票数量少，只有66，446，085股，市值仅1.15亿。容易炒高！
2）公司有60千多万现金
3）公司去年9月收了2%的订金以RM140m的高价卖了一片成本仅RM37m的土地。大约可在下半年完成，每股可净赚RM1块以上！
4）卖地以后，公司现金将成长到RM2亿或每股RM3,很有可能开始派息或大额资本回退。
5）今年4月18日与Puncak Niaga签了售卖生意意向书，如果成功，每股现金将增加到RM3.5-RM4.5之间!
【风险】
1）地的买主放弃2%订金，放弃买地（可能性不大，因为买主是雪州政府的子公司）
2）Puncak Niaga放弃收购（可能性不大，因为Puncak和Triplc有相同的大股东）
【后语】
买股最重要不仅是要买低估的公司，也要配合时势。估计8月18日Puncak Niaga将会出价买Triplc,这是一个股价被大幅炒高释放价值的最佳时机！
（买卖自负）

Posted by jayloh > 2016-06-12 09:01 | Report Abuse

hi @richard wong, is that your FB page?

Posted by TheContrarian > 2016-08-18 11:40 | Report Abuse

Why today drop so much?

Posted by Jay > 2016-08-21 22:32 | Report Abuse

HOA was delayed for another 3 months