1st Qtr EPS is 3.77 cents and let say we annualise it, it will be round 15 cents ! PE 8 or 10 is all depend on how you judge on the company's future business growth. I like the counter is despite the growth potential, their dividend policy also very attractive (40-60% profit) !
Couldnt agree more, i love this counter as well. Will continue to play the warrant till the mom hit RM2 in long run. Mikayla: 7045! its already running.
Mars Asas is quite overlooked . It has plenty of landbank quite close to he second bridge still not revalued . The problem is management is the 2nd generation who is perceived as not agreesive enough and as a result not making the profit that it should . The company revalued nav is at least 70 percent higher than the share price but they may have to get outsiders to manage to realize its full potential
@jantzen, sorry was busy focusing on other counters. Anyway tambun stil remain my favourite, its jus that it cooled down already, so i take money out to whack other counter. Made some profit n i entered tambunwa at 76 and 78sen. I stil beliv it will reach rm1 by end of this yr. Just dont want to freeze my money in tambun when it is slping. Lol
This tambun counter if u monitor it long enough, they follow the health of the market quite often. As of this moment, just like Pendrive king said, uncertainties. If not it would already be green.
I dont think the collapsed ramp will have a significant impact. It is just a ramp (one of many)over an existing highway on land. It may delay the opening by a few months at worst. Their biggest project Pearl Garden is also not that far from the existing bridge via the NSE anyway compared to the second link.
GEORGE TOWN, June 19 (Bernama) -- Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200 million in capital expenditure (capex) this year to buy more land.
Managing director Teh Kiak Seng said the group was actively scouting for land in Penang especially in Seberang Perai.
"We will spend to expand our landbank based on the opportunities that arise," he told reporters after the group's annual general meeting today.
Teh said the group planned to add about 200 acres to 300 acres of land to the current 562 acres of undeveloped land in Seberang Perai Selatan.
"We're currently talking to a few landowners in Seberang Perai but so far nothing has been confirmed," he said.
Teh also said the group had secured about 70 per cent take-up rate on its ongoing projects.
"We're expecting our projects -- Taman Bukit Residence, Camellia Park and Seri Permai -- with a total gross development value of RM114 million to be completed by this year," he said.
He said the group's unbilled sale totalled RM425 million as at March and it is expected to contribute to the group's earnings over the next two to three years.
Teh said the group was poised for better growth this year, driven by Penang's booming property market.
He said the property market in Penang's mainland is expected to grow, boosted by the completion of the Penang Second Bridge project.
"Following the skyrocketing property prices on Penang Island, many Penangites have opted to buy properties on the mainland, this has increased our property sales, especially our current projects in Seberang Perai Selatan," he said.
Tambun Indah Land's pre-tax profit rose 32.1 per cent to RM23.98 million in the first quarter ended March 31, 2013 from RM18.15 million in the same period last year.
Its revenue increased 18.7 per cent to RM78.32 miilion from RM65.99 million previously.
Teh said the revenue growth was mainly derived from newly launched projects -- Pearl Residence and Pearl Indah 3 -- on Penang's mainland and Straits Garden on Penang island.
The Board of Directors of Tambun Indah Land Berhad ("Tambun Indah” or the "Company”) is pleased to announce that the shareholders of Tambun Indah have approved the ordinary resolution in connection with the Proposed Dividend Reinvestment Scheme which was tabled at the Company’s Extraordinary General Meeting today.
Can anyone explain how does Dividend Reinvestment Scheme works? Thanks.
Kindly be advised that at the request of the above Company, trading in its securities will be suspended with effect from 9.00 a.m., Friday, 21 June 2013 pending a material announcement.
Nadayu Bhd share is also suspended if you havent noticed. Something is definently brewing between the two. Both are developers. However, the surge in Nadayu share price today indicates that Nadayu will either get a general offer or might be making a substansial disposal.
Tambun share price has not gone up today. nadayu went up almost 20%. Nadayu is definently the target company from past mergers that I have seen judging by movement of share price. Nadayu could either get a takeover offer or may be disposing something substansial to Tambun. No other companies has annouced suspension for tomorrow. only these two companies.
A. 2,302,400 ORDINARY SHARES OF RM1.00 EACH IN PALMINGTON SDN BHD (“PALMINGTON”), REPRESENTING 40.0% EQUITY INTEREST IN PALMINGTON; AND
B. 300,000 ORDINARY SHARES OF RM1.00 EACH AND 8,040,000 REDEEMABLE PREFERENCE SHARES SERIES C (“RPS-C”) OF RM0.01 EACH IN TAMBUN INDAH DEVELOPMENT SDN BHD (“TI DEVELOPMENT”), REPRESENTING 30.0% EQUITY INTEREST IN TI DEVELOPMENT
FOR A TOTAL CONSIDERATION OF RM112,234,216; AND
II. PROPOSED PRIVATE PLACEMENT OF UP TO 15,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TAMBUN (“TAMBUN SHARES” OR “SHARES”), REPRESENTING UP TO 4.71% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAMBUN
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....
逍遥子
805 posts
Posted by 逍遥子 > 2013-05-27 13:49 | Report Abuse
In share market nothing is impossible, however if there is no major issue on the market or on the company itself, Tambun will be quite stable on $1.3+