Posted by hng33 > 2015-08-04 22:47 | Report Abuse

Hahaha.....value investing

Posted by TropicanaIsDead > 2015-08-04 22:50 | Report Abuse

Value there but they sacrifice the share holder lor

Posted by hng33 > 2015-08-04 23:06 | Report Abuse

Sacrifices shareholder !? How.... Major shareholder is not selling its stake, EPF is still holding well. Short term share price and current depress price solely due to weak market sentiment and fear of property glut. Market overlook what tropicana have created numerous value for its shareholder, disposed kl land, dispose power kimia, disposed capital all, all these one off gain will be recognized in upcoming and next quarter result, greatly improved tropicana gearing level from 0.78x to below 0.40x, strengthen balance sheet and boosting cash flow. In additon, in current lukewarm property market, the ability of property developer to sell and lock in unbilled sale is much more important than those property developer sitting on vacant undeveloped land, or carry big unsold inventory. I think tropicana locked in and unbilled sale will further surge from current RM 2.3 billion to above RM 2.8 bilion, ensuring tropicana next 3 year earning visibility. Back to market most worry about trop huge exposure in Iskandar zone A, tropicana. Have scale down the new property development, but it's exititng shoplot in oasis phase 1 and phase 2, both already sold out. The phase 1 almost fully complete and its phase 2 already in fast progress. In addition, tropicana have also change develop plan from high rise into landed property, which is more stable and meet demand.

Posted by TropicanaIsDead > 2015-08-04 23:10 | Report Abuse

Check last year lor. Private placement at 1.78, tropicana Aman was suppose to launch last year, debt ratio was suppose to be at 0.55 lat year, the. Then inevitable happen, launch didn't happen, par down didn't happen, instead Danny bought more and all analyst tulan with him as call made after interview was buy with tp2.15.

Posted by hng33 > 2015-08-04 23:24 | Report Abuse

If tropicana value failed to emerge last year, causing share price depress until below RM 1.00, then these year from coming quarter onward, you will see the real change in tropicana balance sheet and its numerous value created, which will only notice later by market once all these one off gain and cash is booked in and record in its financial result.

Tropicana Aman have launched phase 1 in Mar, GDV RM 450m and have SOLD out, tropicana the residence in kl, next to klcc also have official launched, GDV RM 800m residence unit is atop of the global famous W 5 star hotel, total 57 storey high tower and only residence unit is offer for sale, leaseback agreement is offer with 6% return lease to hotel operator.

Posted by tc88 > 2015-08-04 23:28 | Report Abuse

Bear in mind that remaining GDV for Tropicana is around RM70B which is comparable with SP Setia ( GDV 74B), Mahsing (GDV 44B). At that high remaining GDV, market cap for Tropicana only RM1.4B now compare to Mahsing with market cap at RM3.6B. So which is undervalue and worth to buy?

Posted by TropicanaIsDead > 2015-08-04 23:28 | Report Abuse

Aiya those old story ady. It's not about the. Achieving the numbers. That one they hv proven, their unbilled enough cover ady. But the big problem is they cannot and never keep their promise. Go and check the interview with Kenanga in 2013 lor.

Posted by TropicanaIsDead > 2015-08-04 23:32 | Report Abuse

Since they failed that one among the 3 promises earlier, no one trusted them. Hv u seen billion dollar revenue but share price like shit? U are looking at it

Posted by hng33 > 2015-08-04 23:53 | Report Abuse

Hahaha, it is very common herd mentality, when share is up, everyone is chasing, good sentiment. But when share is depress, everyone seem very skeptical, thinking worst have yet to come, withhold buying when there is huge discount, weak sentiment.

Nevertheless, is the share price always reflect stock fundamental !? Imaging, share price above 1.00 in last week, 1.10 in last month, but current at below 1.00, would there indeed reflect stock fundamental !? Investor seem failed to realize there is difference in relationship on what is stock underlying business and share price in the open market. In summary, short term, share price is affect by market sentiment + technical analysis, but in long term, share price will eventually play catch up on improved stock fundamental to reflect either stock partially, fully value or overvalue

Posted by TropicanaIsDead > 2015-08-04 23:57 | Report Abuse

Hng33 learn lor the term downtrend channel

Posted by hng33 > 2015-08-04 23:59 | Report Abuse

Nonetheless, from what your tag name TropicanisDead, you already very bias and distrust what tropicana can deliver. But, it is free market, everyone have a right to buy or not to buy, all based on own discretion decision and responsible and bear own risk and enjoy own reward. Tropicana is wining stock or loser stock !? Time will proved, very soon by end of these month.

Posted by hng33 > 2015-08-05 00:01 | Report Abuse

Good right, and have sweet dream, dreaming of tropicanaisalive, hahaha :D)

Posted by hng33 > 2015-08-05 10:07 | Report Abuse

Bought more Trop at 98sen

Posted by Michael Wong Yew Kong > 2015-08-05 15:53 | Report Abuse

Good investment choice and nice bottom fishing.Good news coming up soon.
Watch Tropicana fly soon.

Posted by hng33 > 2015-08-05 17:29 | Report Abuse

When you bottom fishing, buy at huge discount price, many are skeptical...like ...the worse has yet to come.....but, when share is rebound, marked up, many will chasing after, cited reverse trend...blablabla.

Posted by tc88 > 2015-08-05 17:33 | Report Abuse

Fundamentally is good but from technical chart, tis stock is in down trending mode.....catching falling knife?

Posted by hng33 > 2015-08-05 17:47 | Report Abuse

If Fundamentally is good, i don't mind catching falling knife :D).

Look back at Malton today, massive selloff at 77sen just now, but it also allow Portfolio to grab quickly with large volume, turning Malton become one of the biggest stock in my portfolio.

Tropicana if is falling knife, still very slow, so, need time and patience to accumulate on weakness :D)

Posted by ahbeng > 2015-08-06 11:09 | Report Abuse

Stupid tropicana! Saw many people queing to sell today. Directors yearly remuneration happily pocketed 47millions

Posted by Investeye > 2015-08-06 11:43 | Report Abuse

Still q at RM0.97 , it is good opportunity to accumulate slowly and few lots at 1 time.

Posted by hng33 > 2015-08-06 12:21 | Report Abuse

Bought more Trop at 97sen

Posted by origins > 2015-08-06 13:04 | Report Abuse

The share price will hit 1.45 due to technical correction and later hit 2.00 as previously mentioned. Institutions already collecting based on fundamentals. Counter is trading at more than 50 percent discount to NTA.

Posted by origins > 2015-08-06 13:06 | Report Abuse

Bankers said they already achieved more than RM1.2 billion sales up to date. Take up rates in their projects are strong especially in Klang Valley. Analysts should be rerating soon.

Posted by hng33 > 2015-08-06 21:17 | Report Abuse

If you bought today sinchew night edition newspaper or wait for tomorrow, huge multiple full page to sowcase of trop property, trop height, trop metro, trop aman. Have a insight view of what trop is going to deliver..

Posted by Michael Wong Yew Kong > 2015-08-06 21:48 | Report Abuse

If we wait until we're ready we'll be waiting for the rest of our lives,start be prepared this friday.

Goreng Tetap Goreng.!

Posted by Michael Wong Yew Kong > 2015-08-07 10:44 | Report Abuse

Nail-bitting falls in ringgit and KLCI all this thanks to our lovely Gov.

Posted by ahbeng > 2015-08-07 15:31 | Report Abuse

0.955-0.96..Drop somemore Tropicana, why don't you slip straight away and lower than 0.938 to achieve new record low~

Posted by Michael Wong Yew Kong > 2015-08-10 14:58 | Report Abuse

No eyes see but have faith with you. We ride together,We die together,Tropicana for life. lmao..!

Posted by j366119 > 2015-08-10 15:10 | Report Abuse

Hey brother..u all should check on the take-up rate of tropicana properties before u think bout goreng-in. Huge discount now. due to slow sales. they're on high gearing. sold of tropics shopping mall to cover.

it'll stay within 1.00 range for at least 2 years.

Posted by Michael Wong Yew Kong > 2015-08-10 15:16 | Report Abuse

Thank for your concern brother. i brought this stock since Feb this year at the price of 1.04. That why i say no eyes see.lol. Last week i was in sunway property fair,when straight to the trop counter, the saleswomen tell me, most of the trop on going property is 70% sold or 100% sold out.

Posted by nsyee28282828 > 2015-08-11 14:36 | Report Abuse

Monies from Tropicana Mall received?
This should reduce the gearing!!

Posted by nsyee28282828 > 2015-08-11 14:37 | Report Abuse

Q2 result on tract or not? their 2b sales on tract as well?

Posted by ahbeng > 2015-08-12 10:07 | Report Abuse

Well Done Trapicana~ new record low 0.93

Posted by supernova > 2015-08-12 10:12 | Report Abuse

congrats

Posted by origins > 2015-08-12 10:54 | Report Abuse

They should have close to RM 2.9 billion unbilled sales by now.

Posted by azim1590 > 2015-08-13 10:41 | Report Abuse

rm 0.91..huhh

Posted by Hakchai2 > 2015-08-13 20:58 | Report Abuse

Tomorrow will be serious gravitational pull.

Posted by Investeye > 2015-08-13 21:27 | Report Abuse

The profit of latest Q result (23.165mil) actually is better than previous Q (89.456mil, actual is minus 69.9 mil) which was boosted by gains of RM69.9mil arising from the disposals of investment properties and a subsidiary of a joint venture. Revenue also up about 2.5% to RM364.9mil. With huge unbilled sales of RM3 billion!
Feel good and will accumulate more at this very reasonable share price.

Posted by davidkkw79 > 2015-08-13 21:28 | Report Abuse

Better ?

Posted by Investeye > 2015-08-13 21:36 | Report Abuse

Profit was dropped 74% but if verified in details is improved by 15%+ if we deleted the gained due to profit from disposAL of investment properties and subsidiary of joined venture.

Posted by valueinvestor > 2015-08-13 21:46 | Report Abuse

Despite cautious industry sentiments, Tropicana’s performance proved resilient. In May, the Group recorded an overwhelming success in its maiden properties launch in Tropicana Aman, Shah Alam, where all 432 units of two- and three-storey Arahsia Residences link homes with gross development value of RM342 million were fully taken up.
For the first half of 2015, Tropicana has achieved a total sale of RM787.4 million as at 30 June 2015 in addition to having secured unbilled sales at a record high of RM3.0 billion which places it in a position to deliver sustainable performance in the near future. Overall, the Group is confident of achieving total sales comparable to previous financial year of RM1.5 billion in FY2015 in new sales.

Posted by rich_ > 2015-08-13 23:00 | Report Abuse

Better in term of higher EPS compare with Q1 2015.

QR does not include Tropicana Tenaga Kimia and Tropicana City Mall disposal gain which only completed in July'15 and will bring in RM 735 million cash.

Posted by flyup888 > 2015-08-14 00:14 | Report Abuse

QR super bad...gg

Posted by Investeye > 2015-08-14 09:35 | Report Abuse

Accumulated some at RM0.905 and RM0.91
After checking the cash position of Trop is improved and borrowing was well control + the unbill sale is superb

Posted by ahbeng > 2015-08-14 10:32 | Report Abuse

Suspect lot of hidden profit not yet reported by this Company. Sure will float up somewhere Q3-Q4.

Posted by Michael Wong Yew Kong > 2015-08-14 10:34 | Report Abuse

Anyone can explain what is the meaning of unbilled sales hit record high of RM3b.

Posted by hng33 > 2015-08-14 10:58 | Report Abuse

Sold back Trop at 90.5-91.5sen, realize loss

Posted by hng33 > 2015-08-14 15:25 | Report Abuse

Bought back Trop at 89.5-90sen

Posted by hng33 > 2015-08-14 16:55 | Report Abuse

Sold back at 91.5sen

Posted by Investeye > 2015-08-14 21:31 | Report Abuse

◆券商：艾芬黃氏資本研究
◆目標價：1.95令吉

麗陽機構（TROP，5401，主要板房產）因強勁房地產銷售、及估值不高，我們維持該股“買進”評級。

　該公司2015財年次季取得2323萬令吉核心淨利，將上半年核心淨利提高至4290萬令吉。

　該公司上半年獲得7億9000萬令吉房產銷售，截至6月底的未進賬總銷售額，保持在高水平29億7000萬令吉。

　我們得知該公司的Tropicana Gardens、Tropicana Metropark及Tropicana Heights等計劃都取得可觀的需求。

　考量到更強勁的房產銷售，我們看漲該公司接下來季度的盈利表現。

　除了正面的銷售表現，我們也持續看好該公司坐落策略性地理位置的地庫，而且股項估值不高，提供112%的上漲空間。

　我們因而維持該股“買進”評級，目標價為1.95令吉。

　麗陽機構週五（14日）閉市掛91.5仙，跌0.5仙，成交量89萬7600股。

Posted by Investeye > 2015-08-15 07:07 | Report Abuse

2015-08-14 18:14

（吉隆坡14日訊）麗陽機構（TROP,5401,主板產業組）首半年淨利下挫，主要是之前脫售資產賺益造成，淨業績符合預期，但分析員對展望不一，惟維持財測不變肯納格研究表示，該公司目前手握30億令吉未入賬銷售，可支撐該公司未來2年半至3年的業績。而艾芬黃氏研究則看好該公司持有的策略地點土地、低估值和進行中的資資重塑計劃。

分析員維持財測不變，但艾芬黃氏看好展望，肯納格認為成本和可能貸款緊縮措施會打擊銷售。

麗陽機構目前淨負債率從0.7倍降低至0.58倍，管理層將透過脫售地庫，並希望在2015財政年末季時，負債率可降低至0.4倍。
艾芬黃氏表示，撇除上季脫售資產賺益造成盈利下跌，麗陽首半年淨利表現也僅持平，預期下半年銷售可改善，加上脫售更多地庫，有助加強淨利表現。

2億待進賬
分析員表示，該公司目前已經完成12億令吉的資產銷售，並淨賺2億零500萬令吉，該筆盈利目前待進賬。
該公司首半年營業額達7億9千萬令吉，肯納格認為有望達到全年15億令吉的預測銷售目標。
該公司管理層預計全年銷售目標為14億令吉。
該公司將在下半年推出12億4千萬令吉的產業銷售計劃。惟分析員憂慮產業市場目前備受挑戰，打擊投資產業的意願。
艾芬黃氏表示，該公司需面對的風險為延期銷售。
肯納格認為，該公司還需要面對不利產業銷售的政策、貸款收緊及行政成本與期望銷售過高份額風險。