Posted by ckshien > 2014-05-08 16:32 | Report Abuse

Not yet. Gotta wait 4 2molo. 2molo newspaper showed most of d investor know n if d price not moving u, then may consider take profit if u already entitled d 4 sen dividend. U may hold if u believe on their fundamental.

Posted by Barbarian > 2014-05-08 16:34 | Report Abuse

Zzzzzzzz

Posted by freeman975 > 2014-05-08 16:44 | Report Abuse

why keep on selling land???

Posted by sbg3106 > 2014-05-08 16:59 | Report Abuse

trapped

Posted by Adam Siow > 2014-05-08 17:00 | Report Abuse

wanna disposed this company ah? sold off so many land

Posted by sbg3106 > 2014-05-08 17:07 | Report Abuse

to reduce company gearing ratio, but one thing is EPF bought them at 1.78, so need time to wait

Posted by Barbarian > 2014-05-08 18:31 | Report Abuse

Sien lah this stock...".slow slow like tortoise

Posted by alone > 2014-05-08 19:17 | Report Abuse

sell loh, y keep it

Posted by Barbarian > 2014-05-08 19:55 | Report Abuse

Seem like Trops got to do a lot of work changing, swapping, selling and all that jazz just to move a bit while Ecoworld just need to snap their finger with Liew name

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1618133

Posted by jay_cwk88 > 2014-05-08 20:05 | Report Abuse

TROP-CA: CW
Expiry Date : 30 June 2014

I think will growing up after the expiry date...^^

Posted by Joyce > 2014-05-08 21:49 | Report Abuse

Please GORENG TROP straight to RM 2.00, so that TROP-CA will become Jackpot$

Posted by valueinvestor > 2014-05-08 22:12 | Report Abuse

http://www.theedgemalaysia.com/business-news/288672-update-tropicana-sells-kl-prime-land-for-rm448m-to-net-gain-of-rm145m.html

Posted by valueinvestor > 2014-05-08 22:18 | Report Abuse

http://www.theedgeproperty.com/news-a-views/12539-tropicana-to-sell-jalan-ampang-land.html

Posted by b0901133 > 2014-05-09 08:18 | Report Abuse

RHB released new fair value RM2.3

Posted by Investeye > 2014-05-09 08:40 | Report Abuse

Still have 44% price gap base on present rm1.59!
With a huge land bank with potential development value around RM70B. It is good to keep.

Posted by cindylim > 2014-05-09 10:18 | Report Abuse

Danny Tan cashing out. The old nightmare of Times Square (now Berjaya Times Square) will haunt him for the rest of his life

Posted by bonus > 2014-05-09 15:35 | Report Abuse

good news price also no moving up? boring lerrrr....Zzzzzzzzzzz

Posted by Barbarian > 2014-05-09 16:21 | Report Abuse

Feel like swapping Trops to Encorp...

Posted by warrenbuffett0830 > 2014-05-09 17:45 | Report Abuse

SBC Corp. Undervalued Gem

http://klse.i3investor.com/servlets/ptres/22307.jsp

Posted by Govin Chuah > 2014-05-09 21:02 | Report Abuse

report out....dropped!!!83%
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1619505

Posted by newbie91 > 2014-05-09 21:04 | Report Abuse

u dun think the report something wrong??

Posted by Barbarian > 2014-05-09 21:05 | Report Abuse

Many announcement by tropicana today but as a shareholder, it looks to me they are trying to benefit themselves from the Esos and allocation shares fr Director to CEO while buying back shares .

Posted by Govin Chuah > 2014-05-09 21:07 | Report Abuse

huge dropped!

Posted by Icon8888 > 2014-05-09 21:12 | Report Abuse

Don't panic

Gross profit consistent with historical trend

Profit was down due to high marketing expenses, etc

All these are investment today to produce better profit for the future

I don't have Trop shares. So my view is objective.

Posted by steelheart > 2014-05-09 21:12 | Report Abuse

latest results worse than last year...certainly not a good news...

Posted by Barbarian > 2014-05-09 21:17 | Report Abuse

What they are trying to say is most of the money at topline went to unbilled while bottomline is marketing and expenses ...should not be worried but on the other hand they are focus on themselves is worrying.

Posted by Barbarian > 2014-05-09 21:20 | Report Abuse

Strange thing is the results is out so early in the month and so late in the day....are they trying to hope the weekend to buffer the interpretation of the result?

Posted by iafx > 2014-05-09 21:22 | Report Abuse

no wonder sold land also down, thank god!

Posted by bonus > 2014-05-09 23:44 | Report Abuse

Still got hope of this counter?

Posted by bonus > 2014-05-10 00:16 | Report Abuse

PRESS RELEASE
FOR IMMEDIATE RELEASE
TROPICANA DELIVERING ON TRANSFORMATION STRATEGY
 1QFY14 Group Revenue Rose 67% To RM299.1m (Excluding Land Sale Impact In 1QFY13)
 Record Unbilled Sales Of RM2.4bn As At March 2014
 Historic Milestone As Tropicana Inks Partnership With Leading Chinese Real Estate Group
 Continue To Accelerate Growth Through Unlocking Land Value, De-Gearing Initiatives & Strategic Tie-Ups
Petaling Jaya (09 May 2014) – Tropicana Corporation Berhad (“Tropicana” or “Group”) today announced its financial results for the first quarter of financial year ending 31 December 2014.
Tropicana achieved Group Revenue and Profit Before Tax of RM299.1 million and RM24.8 million in this first quarter of FY2014 respectively, compared to RM305.3 million and RM66.8 million recorded in the previous corresponding quarter of FY2013. Adjusting for revenue from land sales in the first quarter of last year, Group Revenue in the current year quarter was up a healthy 66.9%. Similarly, Profit Before Tax rose 5.5% from RM23.5 million excluding the gain from land sales booked in the first quarter of last year.
Performance in the first quarter of FY2014 was largely driven by growth from its core property development division. Contributing projects include Tropicana Cheras, Tropicana Avenue, Tropicana Gardens in Greater KL and Tropicana Danga Bay (Tropez) in Iskandar Malaysia. Newer project Tropicana Metropark, is also enjoying steady construction progress.
The Group’s unbilled sales as at the end of March 2014 stood at a record high of RM2.4 billion. This will provide earnings visibility for the rest of the year as construction progress from its ongoing projects gather pace.
Tropicana achieved new sales of RM395 million in the first quarter of FY2014, underpinned by sustained demand at its ongoing projects across key central, southern and northern regions. In addition, the Group’s new launches in Tropicana Heights, Kajang and Tropicana 218 Macalister on Penang Island have seen brisk take-up recently.
The Group’s maiden launch of terrace houses with GDV of RM270 million in Tropicana Heights received overwhelming response with more than 80% take-up following its launch in February 2014. The mixed development, sited on 199 acres of freehold land in the residential hotspot of Kajang, has a total estimated GDV of RM1.7 billion and will comprise landed residential products, serviced apartments as well as commercial projects.
For the year 2014, Tropicana is planning to launch new projects spread across Greater KL, Penang and Iskandar Malaysia with a total estimated GDV of RM3.0 billion. Maiden launch of Tropicana Aman comprising landed properties with GDV of RM770 million is planned for 2H 2014.
The Group achieved a historic milestone with its recent proposed partnership to develop a mixed commercial project in the heart of KL with Agile Property Holdings Ltd (“Agile Property”), a leading Chinese real estate group with strong presence in China, Hong Kong and Macau. This alliance with Agile Property will boost Tropicana’s brand presence and visibility across those regional markets, and enable the Group to leverage on Agile Property’s extensive marketing network.
The sale of its Jln Bukit Bintang Land into this Joint Venture company with Agile Property for RM448.4 million is expected to generate an estimated net gain of RM145 million for the Group. Over the past few months and including this transaction, Tropicana has successfully sealed land sale transactions that will raise gross proceeds of about RM1.1 billion. This is in line with the Group’s focus to de-gear its balance sheet and this latest transaction has added even greater momentum to the Group’s overall transformation strategy.
Tropicana has made excellent progress in its focus to unlock the value of its significant landbank as well as its de-gearing initiatives. The Group will continue with its transformation strategy by unlocking its land value through development activities and land sale opportunities, pursuing de- gearing initiatives as well as forming strategic alliances at the project level to accelerate growth.
With its current yet to be developed landbank of 1,954 acres with potential new GDV of more than RM70 billion across high growth areas in Greater KL, Iskandar Malaysia and Penang Island, Tropicana is well positioned on its transformation journey to becoming a premier property developer in Malaysia.

Posted by bonus > 2014-05-10 00:20 | Report Abuse

Tropicana achieved Group Revenue and Profit Before Tax of RM299.1 million and RM24.8 million in this first quarter of FY2014 respectively, compared to RM305.3 million and RM66.8 million recorded in the previous corresponding quarter of FY2013. Adjusting for revenue from land sales in the first quarter of last year, Group Revenue in the current year quarter was up a healthy 66.9%. Similarly, Profit Before Tax rose 5.5% from RM23.5 million excluding the gain from land sales booked in the first quarter of last year.
Performance in the first quarter of FY2014 was largely driven by growth from its core property development division. Contributing projects include Tropicana Cheras, Tropicana Avenue, Tropicana Gardens in Greater KL and Tropicana Danga Bay (Tropez) in Iskandar Malaysia. Newer project Tropicana Metropark, is also enjoying steady construction progress.

Posted by bonus > 2014-05-10 00:22 | Report Abuse

Actually the result is better than first quarter last year ^^

Posted by freeman975 > 2014-05-10 02:20 | Report Abuse

land already sold, but where is the profit?

Posted by Barbarian > 2014-05-10 09:15 | Report Abuse

No point becoming a premium player when the share price cannot get close to the fv . Others like Ecoworld, encorp are encroaching their area and PNB is mulling for the largest restructure and M&A to take on competitor. Saturn is right on M&A. Now the pie is smaller while tropicana know their failed value.
I sold some of Trops at 1.60 to buy encorp. I feel safer and their announcement yesterday made me realise what some are saying.

Posted by alone > 2014-05-10 11:26 | Report Abuse

if u see the report Non-Controlling Interest is more higher than last year, so make the eps drop so much... what is the meaning of non controlling interest?

Posted by valueinvestor > 2014-05-10 23:53 | Report Abuse

http://www.tropicanamgreens.com.my/

Posted by valueinvestor > 2014-05-11 13:44 | Report Abuse

Tropicana should focus on selling its land banks to completely de-gear and derive maximum profits & unlock the appreciated value from the lands that it had acquired over the last few years as mentioned in the CIMB Research report. The recent disposal of Canal City/Kota Kamuning land & Bukit Bintang land has validated the positive impact from that approach.
http://ir.chartnexus.com/tropicana/docs/2014%2003%2031%20CIMB%20-%20Tropicana%20Corporation%20non-rated%20piece.pdf
http://www.theedgeproperty.com/news-a-views/12542.html

Posted by latjiu > 2014-05-12 10:22 | Report Abuse

freeman975

On 19 March 2014, Sapphire Index Sdn Bhd (“SISB”), a 100%-owned subsidiary of the Company
had entered into a sale and purchase agreement with Prominent Stream Sdn Bhd (“PSSB”), a
100%-owned subsidiary of Eco World Development Group Bhd (formerly known as Focal Aims
Holdings Berhad) (“EWDGB”) for the proposed disposal of approximately 308.72 acres of net
leasehold land forming part of the 11 parcels of leasehold land, all in Mukim Tanjong Duabelas,
District of Kuala Langat, State of Selangor for a total cash consideration of RM470,674,512
(“Proposed Disposal”).
As at the date of this report, the Proposed Disposal is pending fulfillment of the conditions
precedent in accordance with the terms of the sale and purchase agreement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1619505

Posted by chin888 > 2014-05-12 10:25 | Report Abuse

so should hold or sell?

Posted by davidkkw79 > 2014-05-12 18:05 | Report Abuse

so far should be good, didn't down much, a bit drop only

Posted by johnny cash > 2014-05-12 21:29 | Report Abuse

Tropicana Corp (TRCB MK)
1Q14: A Little Timing Issue
Tropicana’s 1Q14’s results were below expectations mainly because most of the
projects that are currently billed are still in the early stages of construction. However,
we expect subsequent quarters to record positive growth in earnings. This quarter, the
company managed to rake in RM395m in sales. The group is also maintaining its 2014
sales target of RM2b backed by RM3b in launches and armed withRM2.4b in unbilled
sales. Maintain HOLD. Target Price: RM1.74. Entry price: RM1.50.

Posted by johnny cash > 2014-05-12 21:29 | Report Abuse

RESULTS
• Below expectations. Tropicana Corp (Tropicana) reported 1Q14 revenue of
RM299.1m (-32.7% qoq, -2.0% yoy) and a PATMI of RM7.8m (-96.9% qoq, -82.1%
yoy). The significant drop across the board for its property division on a yoy basis is
mainly due to the fact that in 1Q13, there were land sales that boosted revenue by
RM126m with a PBT gain of RM43.3m. Without land sales, yoy revenue and PBT would
have been up by 66.9% and 5.5% respectively. Also, low margins were recorded
largerly due to high operating costs.
• Expect an earnings boost in the subsequent quarters. This quarter, core earnings
only accounted for 5.0% of our and 3.3% of consensus full-year estimates, mainly
because most of the projects are in initial stages of completions this quarter; hence
revenue may be positive but profit levels are still insignificant.

Posted by johnny cash > 2014-05-12 21:34 | Report Abuse

• Newly-launched projects are beginning to make contributions. Large-scale
developments such as Tropicana Gardens, Tropicana Metropark, Tropicana Metropark
and Tropicana Avenue were the main drivers of revenue growth for this quarter. For
example, management guided that the Tropicana Gardens development, that was
launched in 1Q13 is still recording costs for its foundation works.
• Finance costs to reduce going forward. This quarter, finance cost for the group was
recorded at about RM19.5m (up 18.1% from 1Q13). However, as a result of its degearing
initiatives, management expects this figure to shrink, thus allowing for better
margins.
STOCK IMPACT
• Property sales worth RM395m in 1Q14. This quarter, Tropicana managed to clinch
about RM395m in property sales, representing about 20% of its 2014 sales target of
about RM2b. The key driver for its sales this quarter came from its recently-launched
landed development, Tropicana Heights in Kajang (RM102m), followed by its Penang
high-rise 218 Macalister project (RM73m). Management also guided that it has about
RM300m in bookings that have been made which could lift its ytd sales close
to RM695m.
• Armed with strong unbilled sales of RM2.4b, representing about 1.7x of its 2013
property division revenue. We expect property EBIT margin to hover at about 20-23%,
in line with management’s target, on higher progress billings for Tropicana Gardens
(RM449m), Tropicana Danga Bay (RM443m), Penang World City (RM490m) and
Tropicana Avenue (RM343m). With a headroom of over RM2.4b in unbilled sales, we
believe Tropicana would be able to sail through any property market headwinds in the
near term.
• De-gearing initiatives still ongoing, but future exercises remain hazy. Ytd,
Tropicana has managed to dispose of about RM919m worth of lands, which includes
the partial disposal of its Canal City land to Eco World Bhd and the recently sale-JV of
its Jalan Bukit Bintang land. With this two asset disposals, Tropicana’s net debt could
fall to RM916m (from RM1.4b currently) which represents a net gearing of about 0.31x
(from 0.54x currently). Management also guided that they would focus on more smaller
land parcels disposals going forward.
• Maintaining its RM3b launch target in 2014. We understand that the company is
expecting to launch RM3b worth of products while holding on to its conservative RM2b
target in sales. For this year, about 40% of the newly-launched products would consist
of landed residential properties. One of the key launches slated for this year includes
the maiden launch of its Tropicana Aman (Canal City) development, whereby the group
plans to launch about RM770m worth of landed homes. We believe this development
would be able to deliver good take-up rates given its affordable pricing of
RM750,000/unit, based on our estimates.
EARNINGS REVISION/RISK
• We reduce our 2014 and 15 forecasts by about 12% and 11% respectively to reflect the
shrinking margins for certain developments after the recent rise in construction
materials costs.
• Key risks include: a) rising interest rates, b) tighter lending policies by banks, and c)
rising costs of raw materials leading to margin erosion.
VALUATION/RECOMMENDATION
• Maintain HOLD and target price of RM1.74. Although Tropicana has started the
asset monetisation programme again - recall that it recently agreed to sell a piece of its
Canal City landbank to Eco World for a gain of RM170m - the cash flow requirements
from ongoing projects are still high. Nevertheless, chunky asset monetisation would be
positive to share price as it will narrow the current steep discount to RNAV. Currently,
our target price represents a 45% discount to our fully-diluted RNAV of RM3.16/share
and implies 13x 2015F PEx. A good entry price would be RM1.50.
SHARE PRICE CATALYST
• More strategic asset monetisation exercise.
• Good take-up rates for its developments.

Posted by johnny cash > 2014-05-12 21:39 |

Post removed.Why?

Posted by Barbarian > 2014-05-13 08:42 | Report Abuse

Looks like the company private placement is all quiet now. No news or maybe no takers?

Posted by valueinvestor > 2014-05-13 14:52 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/51878.jsp
http://klse.i3investor.com/blogs/rhb/51950.jsp

Posted by bonus > 2014-05-13 20:30 | Report Abuse

Tp still about rm2, let see how its fly...

Posted by Barbarian > 2014-05-13 20:49 | Report Abuse

How to fly?

Posted by Bapa Ayam > 2014-05-13 23:25 | Report Abuse

CONGRATULATIONS FOR THOSE WHO BOUGHT TROP @ RM 1.19 ~ RM 1.25.

THANK YOU SATURN. I SALUTE YOU. 鞠躬近醉

Posted by Barbarian > 2014-05-14 10:37 | Report Abuse

I made money too tqs to Saturn but the stock is not interesting. What they announce and what they do market no reaction.....