(comments of this wide range: Kenanga gave 1.10 after discounting 72% from its RNAV , etc based on the current property recession in Iskandar and Trop/s earlier proposal to buy the Plentong land for rm444M and i its possible exposure to its proposed GDV of rm3.7B (if the land purchase is completed. HOWEVER, THIS DEAL WAS TERMINATED A FEW WEEKS AGO). THE MAIN REASON FOR KENANGA'S EXCESSIVE DISCOUNTING @ 72% TO ARRIVE AT THE PT OF 1.10 IS NO LONGER VALID AS THE DEAL WAS ABORTED, MOST ANALYSTS USE A DISCOUNT OF 50%. BASED ON SOME ESTIMATE OF TROP'S RNAV OF 2,60, THEY GAVE A PT OF 1,80)
Bonescythe.blogspot,com arrived at its price target of rm1.40 based on its very detailed analysis in 10 April 2015.
a company has realized so many promises, Tropicana mall and office tower, canal city land and bukit bintang land and one explosive factory sold. but the share price just heading south. the only answer is manipulation, bad reputation in market. I'm not to propagate negative view but a truth.
very high debt. No good. tropicana become trap-icana don't kena trap and attracted by 5 sen dividend. this is a very low profile company. the main shareholder holding more than 70% and don't intend to push up the share.
New property sales up to first 9 month, RM 1.3 billion, total unbilled sales RM 3.1 billion, reduce borrowing gearing significantly from 0.68x to now just 0.28x, declare 5sen interim dividend, nta RM 2.17
With such impressive result, higher new sale RM 1.3 billion acheieved, accumulate unbilled sale of RM 3.1 billion ensure for next 3 year earning visibility, more than double increment in cash hoard + reduce borrowing, pare down borrowing cost have significantly improved gearing level to just 0.28x, better interim dividend payout of 5 sen + next upcoming final dividend, total dividend yield already more than 7%.....trop share price will get booster tomoorow, expect increase at least 10% share price tommorow.
morning-morning i will buy at 0.955 and faster sell at 0.97 untung 1.5 sen also jadi-lah. This one i learn from my sifu hng one. Better don't hold for dividend b;cos ex-date is 24th dec. maybe fed hike the rate, share price drop 8 cent, then i have to pay 3 cent dividend back to trapicana.
So many " sin kah ling gum " here talk bad on this counter. Wonder what is their intention all about ?
I think the management purposely TRAP u all so that they can pass u dividend. Any how thanks for the 4K dividend and willing to buy more if " on SALES " price still valid.
hng33 sifu, do you think the sales of Bukit Bintang land has been booked into Trop's Accounts in the just released Qtr Report? How about the sales proceeds?
Bukit bintang land sale have yet to book in latest Q3 result as the completion date was oct, therefore, the land net gain RM 144m or 10sen/ share will only record in Q4, therefore, investor can expect even better EPS in next quarter result
Trop share price will move up with first target at 1.05, if exceed, next target at 1.10 follow by 1.15. All in, investor can expect minmium profit 10% gain to 20% gain based on current share price 95.5sen
The q result will give a boost to present share price.
KUALA LUMPUR (Nov 26): Property developer Tropicana Corp Bhd ( Valuation: 1.50, Fundamental: 1.00), which recorded a fourfold jump in third-quarter net profit, said it is on track to exceed the previous financial year's total sales of RM1.5 billion in the current year to Dec 31, 2015 (FY15). "Despite a slower property market, Tropicana delivered commendable sales performance in the first nine months of its current financial year, chalking up new sales of RM1.26 billion with unbilled sales at a record of RM3.1 billion as at end-September 2015," it said in a statement today. "The group's integrated mix township developments projects in the central region continue to draw healthy interest, especially for landed properties in Tropicana Aman, Shah Alam, and Tropicana Heights, Kajang, where new launches in the year to date attracted good take-up rates from buyers," it added. Tropicana's net profit surged to RM151.78 million or 10.49 sen per share for the three months ended Sept 30, 2015 (3QFY15) from RM29.52 million or 2.12 sen per share a year ago, on gains from the disposals of investment properties and a subsidiary. This was despite revenue for 3QFY15 falling 18.7% to RM244.58 million in 3QFY15 from RM300.73 million in 3QFY14, due to lower work in progress in the property development segment in the quarter under review as a number of the group's projects were in the early stages of construction. Tropicana also declared a first interim dividend of 5 sen per share for the financial year ending Dec 31, 2015 (FY15), payable on Dec 23. For the nine-month period (9MFY15), the group's net profit rose 53.2 to RM194.23 million or 13.54 sen a share from RM126.8 million or 9.56 sen a share in 9MFY14. Revenue for 9MFY15 also jumped 10.9% to RM947.83 million from RM854.88 million in the previous year. Net gearing also improved considerably to 0.28 times shareholders' funds as at end-September, against 0.68 times in end-December 2014. Going forward, Tropicana believes there will still be demand for landed properties and integrated developments in good locations with great accessibility and attractive pricing. "Tropicana's strategy for 2016 will continue to be market driven and adapt to market demand while focusing to unlock value of its land bank in the Klang Valley, as well as those in the northern region," it said. The group has a total land bank of more than 1,600 acres across Malaysia, with future gross development value of over RM50 billion. "Together with high unbilled sales and a strengthened balance sheet, the group is positioned to deliver sustained performance in the near future" said Tropicana. The stock closed one sen or 1.06% at 95.5 sen today, bringing a market capitalisation of RM1.38 billion.
Highlight 1: The company said cash proceeds received totalled RM1.07bil year-to-date, arising from the strategic disposal of non-core assets and investment properties undertaken over the past year.
Highlight 2: Trop chalked up new sales of RM1.3bil, with unbilled sales at a record RM3.1bil for the nine-month period.
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....
darrenliew
989 posts
Posted by darrenliew > 2015-11-22 11:44 | Report Abuse
HISTORICAL DATA on P.T.(price target)
Market prices
HIGH 2.24 (OVER 2 YEAR PERIOD)
0.94 TO 1.28 (52 WEEK RANGE)
PRICE TARGET
1.10 TO 1.80 (ASSIGNED BY VARIOUS ANALYSTS)
(comments of this wide range: Kenanga gave 1.10 after discounting 72% from its RNAV , etc
based on the current property recession in Iskandar and
Trop/s earlier proposal to buy the Plentong land for rm444M and i its possible exposure to its proposed GDV of rm3.7B (if the land
purchase is completed. HOWEVER, THIS DEAL WAS TERMINATED A FEW WEEKS AGO). THE MAIN REASON FOR KENANGA'S EXCESSIVE DISCOUNTING @ 72% TO ARRIVE AT THE PT OF 1.10 IS NO LONGER VALID AS THE DEAL WAS ABORTED, MOST ANALYSTS USE A DISCOUNT OF 50%. BASED ON SOME ESTIMATE OF TROP'S RNAV OF 2,60, THEY GAVE A PT OF 1,80)
Bonescythe.blogspot,com arrived at its price target of rm1.40 based on its very detailed analysis in 10 April 2015.