I do not think so. all the hotels in canada and australia were acquired when our ringgit was strong. for example the swissotel merchant court was acquired when S$ was at 2.45. even both hotels in Australia was acquired when the A$ was much lower than now. I believe Tony Tiah had made a wise investments in S'pore , Australia and Canada. All these currencies had appreciated against RM.
Anyone noticed that there was a change of NTA in TA quarterly report which was amended in Feb 2015? The results in Dec reported 1.78 NTA but in the latest amendment, it reported 1.06 NTA. Any idea on why? The only thing I noticed was they mentioned something about new accounting standards and changes.
TA Global is a subsidiary of TA Enterprise, hence it's accounts are consolidated into TA Enterprise's. the NTA of 1.78 for TA Enterprise includes all of TA Global's NTA including the minority interest. The NTA of 1.06 is the correct one which have excluded the minority interest
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....
i3i2i1
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Posted by i3i2i1 > 2015-01-14 13:17 | Report Abuse
good sign? anyone?