KENANGA IB WANTS TO TAKE OVER THE ASSETS OF INTER PACIFIC SECURITIES FROM BJ CORP
SEE HOW VALUABLE IS A SECURITY FIRM NOW?
AFFIN TOOK HWANG PRIVATE RHB TOOK OSK SECURITIES PRIVATE KAF ALSO TAKEN PRIVATE HLB TOOK HONG LEAONG SECURITIES PRIVATE BJ CORP TOOK INTERPACIFIC SECURITIES PRIVATE NOW KENANGA IB TAKING ASSETS FROM THE PRIVATISED INTERPACIFIC SECURITIES
SO TA ENTERPRIZE IS ALSO A CANDIDATE FOR PRIVATISATION
QUESTION IS HOW MUCH?
TA NTA IS RM1.45. IF USING THAT AS A BENCH MARK TA SHOULD WORTH NO LESS THAN RM1.50
SO AT 64.5 SEN CLOSING PRICE TODAY TA IS SELLING AT ONLY 43% TO REAL VALUE OF RM1.50
KUALA LUMPUR (May 21): Kenanga Investment Bank Bhd has gotten the greenlight from Bank Negara Malaysia to commence negotiation to buyout Inter-Pacific Securities Sdn Bhd’s stockbroking business.
TA SECURITIES NOW IS THE CROWN JEWEL OF SECURITY FIRMS BY VIRTUE OF HAVING THE LARGEST RETAIL CLIENTELE
WITH SHORT SELLING BUSINESS NOW IN VOGUE TA SECURITIES WILL BE A CANDIDATE FOR TAKE OVER SOON
The stock brokering licences will be highly sought after again in the next few years when the regional and Mainland China's investment bankers expand. It is a matter of time that TA will either JV or sell its securities arm to the IBs. TA will realise handsome profits from the transaction.
How much of this counter share is in public float? I guessed very little. Price looks great compared to NAV but the whole thing is controlled by major shareholder. No institutional investors would be interested in this counter. Only retail player. But how much can they buy, and when the price up it would benefit only the major shareholders. Don't hold your breath for it to correct price; may be 10 years or until taken private with ridiculous offer from major shareholder.
TA is operating profitably. FYE 17 it achieved a net profit of 271 million (increased 8%). declared a final div. of 4.1 sen (ex-date 27/6/18 & payment date 20/7/18. PE 3.95 is low & NAV 1.45 Year high 0.73 & low 0.495. Time to buy.
FEW MORE DAYS TO GO WILL REPORT 6.34 SEN PROFIT FROM LITTLE BAY SALE PLUS PROFITS FROM 2 HK OFFICE DISPOSAL MIGHT MAKE EPS FOR THIS QUARTER ANOTHER 10 SEN
MORE ASSETS COULD BE DISPOSED TO UNLOCK VALUE.
TAGB SHARES IF DISPOSED WILL COVER TA COST PRICE OF 61.5 SEN WITH EVERTHING ELSE FREE.
PLUS TA WILL PROFIT FROM
RETAIL BUYING
SELLING
SHORT SELLING
AND NOW IN BURSA
"FORCED SELLING"
NO MATTER HOW YOU LOOK AT TA
IT WILL HAVE
GROWTH ACCELERATING STRONG DEFENSE OF HIGH SOLID NTA PLUS GROWING DIVIDEND YIELD
Looks good but need a small correction. Hong Kong property sale will appear in 2nd Quarter results. This quarter should be able to report about 10 sen from the little bay sale. The rest of the business don't know lah.
300M profit from little bay works out to about 6 sen for each TAGB share. As TA owns about 1.8 Tagb shares for every TA share, TA should receive about 6 X 1.8 = 10.8 sen/share Make it 10 sen just to be conservative. Rest of business may be affected by rising ringgit in first 3 months of the year, therefore, there may be no earnings to be gotten.
If can report 10 sens is already super duper good. Just hope there are no nasty surprises. Keeping fingers crossed.
@calvintaneng pls get ready an explanation when the results is out and TA does not fly as you expect, pls dont keep quiet when things dont pan out as what you have loudly proclaimed for the past few mths on TA.. (If TA boss dont want it fly and funds dont bite, will Ta fly ?)
2012...0.49....0.67 sen.....................1.5 sen...................................5.6 sen
2013...0.50....0.85 sen......................1.4 sen..................................5.6 sen
2014...0.66....Rm1.07.......................2.8 sen...................................7.2 sen
2015...0.69....0.79 sen......................2.8 sen....................................5.6 sen
For years 2016, 2017 & 2018 will get the figures later. For goodness sake! Any one can compile them yourselves from Bursa Website!!! So go and dig them out!!
As you can see from the 10 year price high & low of TA ENTERPRIZE
The lowest price was in 2008 at 30 sen (Lehman Brothers Subprime Crisis)
And the highest price recorded was Rm1.38 in year 2007 just before 2007 Subprime Crisis
As I have already compiled the latest 4 quarters to be
1) 14.15 Sen (EPS). This beats the highest EPS achieved for year 2,008 at 95 sen when TA highest price was 93 sen with a highest dividend of 4.5 sen
2) Dividend already declared at 4.1 sen for TA. To be paid soon.
So if you compare TA year 2008 with now 2018
TA'S (2018) EPS AT 14.15 SEN BEATS (2008) EPS AT 9.5 SEN By EXTRA 48%
THE HIGHEST PRICE FOR TA IN YEAR 2008 WAS 93 SEN WHILE TA CLOSED AT 61.5 SEN LAST FRIDAY. (SO THERE IS A DISCOUNT OF 34%
THE ONLY THING BETTER WAS THE 4.5 SEN DIVIDEND IN YEAR 2008 WITH EPS OF 9.5 SEN COMPARED TO NOW 4.1 SEN DIVIDEND WITH EPS OF 14.15 SEN
Another Notable Figure is TA NAP/NTA at Rm1.45 currently. In Years 2013 (81 sen), 2014 (89 sen) & 2015 (81 sen)
SO NET NET OF TA HAS JUMPED BY ALMOST 60% AFTER 3 YEARS. THIS IS ATTRIBUTED TO ITS INVESTMENTS IN TAGB & OTHER SECURITIES.
NOW COMING THIS THURSDAY (31ST MAY 2018) THE SALE OF LITTLE BAY (JAN 2018) WILL BE REPORTED AS A MOST POSSIBLE GAIN OF 10 SEN
JUST IMAGINE FOR THIS SINGLE QUARTER OF MAY 2018 AT 10 SEN EPS (IT BEATS WHOLE YEAR EPS FOR YEAR 2008 AT 9.5 SEN)
IF TA IS NOT UNDERVALUE THEN WHAT ARE STOCKS WILL SHOW BETTER VALUE?
THE YARDSTICKS ARE
1) TA HAS HIGH EPS 14.15 SEN AND LOW P/E OF 4.34
2) HIGH DIVIDEND YIELD OF 4.1 SEN OR 6.6%
3) HIGH NTA OF RM1.45
With the Amplifying Prospects of Retail
Buying
Selling
Short Selling
& Forced Selling
See even all through 2007/8 Crisis TA still made monies plus giving out dividends.
Now with accelerated Trading Profits Plus TAGB capex over the Multiple Income Streams of TA will explode upward
these info are not new, many traders,investors already know n the fund mgrs must know much earlier,but why is TA still not flying high ? fund mgrs must know something, we dont know ...
I hope the hard work pays off. These days it is getting very difficult to locate good counters. Even previously great and solid counters like YTLPOWR and YTL Corp are down badly. I see hope in TA as well. Will know soon enough.
TA will continue to do well for the next few years. Its Damansara Avenue project is nestled in the matured area surrounded by Sri Damansara, Damansara Perdana and Desa Park City. It will be the commercial centre for the area of about 5km in radius because of its direct link to a MRT Station. It will be a natural commercial center for densely populated Sri Damansara. In addition to that, it has a few advantages comparing to Desa Park City because of the direct MRT link. Property buyers are clever to foresee these advantages associated with its locality. That is the main reason the two new blocks of Ativo serviced apartments are selling extremely well.
Market selloff again. High volume on Bursa continues. TA to benefit market goes up or down as long as there is high volume.
Jason Jason In my opinion TA is well positioned to do well. But you have to decide yourselves as stock market is never easy to predict. If you can buy and hold there is also a 4.1 sen dividend.
Whether Mr Market is bullish and buying or bearish and selling - as long as there is trading TA should do well.
And with savings from Gst scrapped, Toll scrapped and Brim continuing more Retail players got surplus Cash to trade shares.
Another positive is the completion of many projects. So now Revenue will only generate profits from TAGB which can be paid out as dividends
This TA will now enter into a new growth spurt.
Keep fingers crossed to see this Thursday Result.
Little Bay Asset disposal already garnered 11.41 sen profit. If there are other surprises TA should fly. If not 11.41 sen should be a good buffer already.
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....
luckypunting
1,930 posts
Posted by luckypunting > 2018-05-21 11:50 | Report Abuse
lai liao? lai liao? :p