Recently Gomen announce freeze on luxury properties, shopping malls etc effective Nov 01. Property counters not doing well since. TA & TAGB should be o.k. as management has clarified during EGM that development of TA3 & TA4 are not affected since the approval for the project has already been received. Just hope the quarterly report is o.k.
All the best for today.. now the market is like a piece of shit... hopefully the result is acceptable by market, then can harvest after this shit market..
Don't worry about TA if it fails to go up strongly tomorrow. It only needs to consistently post good quarterly results like it has been posting over the past 5 quarters and pay reasonably good dividends, say at least 30 to 40% of its net earnings, its share price will surely go up one day, like Success, Ajiya, G Kent.
Outsider TA would be entitled to 60.17% of the profit from disposal. The buyer is suppose to make payment in Jan 2018 which means it will show in 1st qtr 2018 results, announcement in May 2018.
luckypunting Seems like we need to wait another 6 months to find out.
Prudentinvestor You are absolutely right. Just don't understand why, as every TA share owns about 1.8 TAGB shares. Just the value of TAGB in TA is 0.36 * 1.8 = 64.8 sen !! It is technically selling at negative valuation. Really ridiculous. I have no words to describe this unbelievable situation.
In our country, most of the people would like to earn fast money and they do not really look into the value of the company.. Hence, some valuable company like TA always under value.. Unless there have some big and famous one announce TA is good.. then only will push it up...
Jin You are right. The other thing that people really like is a good dividend. But at the same time if investors get used to receiving, they are equally capable of punishing the stock if the dividend amount is lower than expected. Just look at the YTL group. 9+ sen / share three years in a row, then suddenly went down to 5 sen. Investors not happy. Worse still YTL boss pass away also. Stock now trading at historical low price.
Is it due to earnings not sustainable so investors don't like? foreign exchange gain, investment securities, less trading volume in Malaysia (broking segment), one-off gain on land disposal, all these may not continue in next year, so, next year profit may not as good as this year. Thus, investors may avoid to invest in this type of company.
hi singh1, you are right.. but in the other way, you can see actually the management have big ambition in such way to expand the company, like looking for others hotel and, property and landed investment. As long as the revenue can be locked and not easily will be affected by global issue, i believe it was just a matter of time to give dividend. :)
Aside earning 13.61 cents just in 3Q, TAE is a cash rich org where almost 40% asset are in MYR cash. Half a year ago, TAE was facing a lot of uncertainty due to continue MYR fluctuation against USD where at it worst 1USD = 4.5MYR, lost of MYR value has eventually reflected in share price due to continues selling pressure for financial risks remediation. Today's MYR have recovered ~10% which translate into ~MYR40 millions unrealized monetary value recovery, ROI that over 22% and yet TAE shares price remains on at MYR 0.62. Time to acquires some for short and long term investment !!
Itg100y It is true this counter if you look at the history has done some yo-yo performance, but last 4 qtrs is showing solid results with current p/e of less than 3 !! . Also the one off gain from little bay disposal will only show in 2018 so the current good performance is fantastic actually. The hotel division has been fully refurbished and expanded with new hotel so it looks like better results in the coming qtrs. Don't forget at little bay they are constructing 173 Apartments with completion in 2019, two almost sold out apartment blocks in DA and the upcoming launch of TA3 & TA4 beside klcc and houses in dutamas. Future looks promising. Just hope the world economy does not crash or even locally with GE coming up.
Putting aside the Little Bay disposal, don't talk about special dividend first ....
By looking at the profit earning trend, quarter average of 4.5 EPS, estimate full year EPS to be 18c. Looking at the historical dividend payout ratio, ranging from 26% to 100%, take conservative 30%, we are expecting 5.4c payout in Q12018.....that is > 8% divYield. .... what if Datuk suddenly do some crazy act by declaring 50% - 60% payout which happened before prior 2010? :p
This counter is solid but the uncertainty is elsewhere. Even Tony seems to have slowed down in picking up TAGB. If TAGB doesn't move TA doesn't move, even though TA should be above 70 sen. That is the relationship between mother and daughter. Daughter walking ahead, mother follow.
Recognia has detected a "Hammer" chart pattern formed on TA Enterprise Bhd (4898:MYX). This bullish signal indicates that the stock price may rise from the close of 0.610.
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.
With such a low PE, consistent post a net profit about 70million quarterly, it is really a good bet. Since company dividend policy is 40% to 60%, dividend yield simply can be double digits at this current price.
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....
真有钱 ^_^
322 posts
Posted by 真有钱 ^_^ > 2017-11-20 19:43 | Report Abuse
Even Q3 result is good the share price will not go up, but result is negative prepare price go down.
lousy betul.