Hopefully, you take this as constructive criticism.
First of all, for both of the company you mentioned, using GROWTH RATE as a measure is RIDICILOUS. The nature of these companies earnings fluctuates, cherry picking the current earnings to make the story is deceiving the less informed crowd. A proper analysis will be showing Cash Generation annually and AVERAGE earnings in a 5-year period. You should not cherry-picked figures to make things look good.
Secondly, you used NTA as a gauge of undervaluation. I have no problem with this but I believe the way you write is purely deceiving. There are 100+ companies in Malaysia alone with NTA that are 2x of their market capitalization, in your words, HUGE DISCOUNT. This obviously does not tell much to those reading your article, if it does, there would be so many easy opportunities to make money, close to a free lunch.
To those reading this kind of articles with a very "light" analysis, I strongly suggest you to take it with a grain of salt if you could easily double check his/her facts in 5minutes. With this article, you obviously can:
1. GROWTH RATE. (malaysiastockbiz) 2. NTA. (Open most recent QR)
These were the 2 "big" takeaways suggested here.
*** it actually just took me 1 minute.
Regarding some follow up take on NTA, it is good that you at least bring up DEBT into the picture. It will be better and straight to the point if the analysis mentioned the NET LIQUID ASSETS, the main worry for NTA way of investing is whether the company can cover their debt. There are obviously more concerns than these simple takes.
AS TO CASH FLOW TA IS JUST LIKE HARRISON PLANTATION WHICH I BOUGHT AT RM1.40 LAST TIME
HARRISON PLANTATION AT RM1.40 HAD AN NTA OF OVER RM3.00. THIS WAS JOHOR SIFU FAVOURITE COUNTER
BUY WHY CASH ALL TIED UP AND SO LITTLE DIVIDEND GIVEN. THE REASON WAS HARRISON NEEDED ALL THE AVAILABLE CASH TO EXPAND INTO ALL THE INTERIOR, NOOKS AND CORNERS OF SABAH AND SARAWAK
AT LONG LAST HARRISON DECLARED A NICE 25 SEN DIVIDEND AND PRICE CROSSED RM4.00
SO JUST WAIT.
ONE FIND DAY TA MIGHT FOLLOW PUBLIC BANK OR MAYBANK IN GIVING OUT BETTER DIVIDENDS
There are plenty of missing points here.... For example 1) Sale of Little Bay Cove in Sydney 2) Landbank opposite KLCC (BV of 716/sq ft v. MV of above 3500/sq ft) 3) Bukit Bintang land (BV of 682/sq ft) 4) Hotel portfolio i) Radisson Plaza, Sydney (5 star) ii) Westin, Melbourne (5 star) iii) Aava Whistler, Canada (4 star) iv) Swissotel, Singapore (4 star) v) Swissotel, Kushan, China (5 star) vi) Movenpick, Phuket (5 star) 5) Trump tower 17/02/2018 10:58
YES!
You are correct!
There is lots more about TA ENTERPRIZE
Just like you need 3 days to visit all the Fun places in Universal Studio, USA. So 2 or more articles are needed to see THE COMPLETE PICTURE OF TA
So coming up next will be
1) The Story of TA (Tony & Alicia). Tony's got his wealth from his father who was the MP for Mersing. But it was the business acumen of Alicia who made TA great
2) How they sent their son to USA, Australia & Spore for studies. From there they invested in real estate assets. So the spin off of TA Global
These and more will come up later
Btw
At the Depth of the Asian Financial Crisis TA ENTERPRIZE survived with
RM1 BILLIONS IN CASH. As told me by Jason Tan, the Finance Director of TA then.
TSVT of Bj Corp wanted to borrow money but was turned down as TA was then on a very frugal stringent cost cutting measure.
BABYJOETAY WONDERED HOW COULD PROPERTY GIVE OUT GOOD DIVIDEND
SEE CALVIN CHUN CHUN CALL ON TMAKMUR (LAND OF PROSPERITY)
TMAKMUR GAVE 8.5% DIVIDEND. EVEN EASTSPRING FUND ALSO JOINED CALVIN BUY TMAKMUR
SEE
TMAKMUR -DIVIDEND 8.5%. UNDULY SOLD DOWN PRESENTS BUYING OPPORTUNITY!! Author: calvintaneng | Publish date: Fri, 15 Jan 2016, 02:44 PM
Last time in year 2006 Public Bank bought into China Banking Operations.
Rumour spread that Public Bank Overpaid for its foray into China.
At the negative news Poblic Bank was unduly Sold down to near Rm5.60
I queued to buy at Rm5.50 (just 10 cenrts short).
Aiyoo. It didn't fall to my purchase price of Rm5.50. Rm5.66 was the lowest and to my everlasting regret Public Bank Flew to cross Rm20.00 later.
You better don't miss TMAKMUR now in this time of Oversold.
TMakmur is giving a nice 12 cents Dividend. That means an 8.5% Yield. Almost twice the Bank FD Rate.
Question is.
Is the dividend sustainable?
YES! Why Not?
The recent ban is on new mining - Delivery and Export from Stockpile continues. SO CASH IS STILL FLOWING IN.
When bauxide mining resume Expect Even More Profits after all the illegal miners have been banned and put away. REVENUE AND PROFITS WILL EXPLODE UPWARD.
AND THIS IS THE YEAR OF EL NINO. THE CASH CROP OF OIL PALM WILL ALSO BRING IN ADDED WINDFALL.
SO AS VALUE INVESTORS WE MUST LOCK INTO UNDERVALUE SHARES NOW.
TMAKMUR IS ALSOI A HIGH DIVIDEND SHARE AT 8.5% - 2nd highest after Tasek Cement.
A cow for its milk
and bees for their honey
A share by golly,
For its diviidend, of course!
One MayBank Lady Boss bought 50,000 shares of Tmakmur for its dividend. You see. Keeping money in the bank is not safe as GST alone eats up 6% of monetary value
So we MUST PROTECT EROSION OF WEALTH BY CAPITAL PROTECTION
TMAKMUR - LAND OF PROSPERITY WILL PROTECT YOUR WEALTH - AND KEEP YOU PROSPEROUS!
1) EDL COMPENSATION 2) SALE OF BKT JALIL LAND TO EPF FOR RM1.14 BILLIONS 3) SALE OF MENARA CELCOM AT RM680 MILLIONS 4) PDB FOR HSR 5) AFTER RASINING OVER RM2 BILLIONS FROM IR NEXT IS PDB FOR BANDAR MALAYSIA
Bershire Hathaway of Warren Buffet never give out dividend because dividend is taxable.
So Buffet wants share price to rise in stead.
TA AT LEAST GOT 2.7% DIVIDEND.
NOW MOST IMPORTANT THING IS THIS
WILL TA MAKE MONEY MONEY AFTER MARCH 1 2018
AND AMONG 1,000 COMPANIES IN KLSE WHICH ONE WILL BENEFIT MOST BY RETAIL PLAYERS WHEN STAMP DUTY FOR SECOND AND 3RD LINERS ARE REMOVED.PLUS MARGIN LOAN EASED AND SHORT SELLING PERMITTED
You talk about alot of shares. And every one of them, you talk like its the best share in the world. Like the person should sell their mom and sailang.
You have a list of good stocks you choose when people talk shit about you. But you sure keep quiet about the ones that dont perform. :)
I'm just saying stop selling it, or trying to sell it by predicting "future super bull price movement, SURE GO UP".
If the difference between the intrinsic value is so far below the price, it will go up, matter of time. But when nobody know.
But of course this does not really matter to you, since you want the price to go up now for you to sell.
I think its a little immoral to steal candy from children. Which, in this case is people who dont know better, cant read between the lines, or know your history.
But either way, ill still read your research,and occasionally, buy it
Thing to note about TA, this year, most of the gain was investment gain, about 200m. Minus that, everything else only made 40m or so. Which is ok if you part out the investment division. But still.
Hmm
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,452 posts
Posted by calvintaneng > 2018-02-25 14:10 | Report Abuse
Aiyoo babyjoetay
How come you so baby?
Don't need so much money when Calvin bought Warrant rather than Mother
Calvin sold DRB mother at Rm1.20 & switched all to DRB C30 at 12 sen
So this is call arbitrage during bull run. Warrants & Call warrants like DRB C30 are instrument of Bull Market
And DBC C30 reached 36 sen for a 200% gain
And Calvin got so much hidden profits stored up few people know
STORED UP PROFITS?
YESSSS!!!
Calvin bought TheStore while cheap like TA now
TheStore was an overlooked Stock with High NTA like TA
So it was taken private for HUGE PROFIT FOR LUCKY CALVIN
See
https://klse.i3investor.com/servlets/stk/5711.jsp
NOW THIS TA IS ANOTHER OPPORTUNITY IF YOU MISSED THESTORE