TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.31

Today's Change

-0.01 (0.76%)

Day's Change

1.29 - 1.34

Trading Volume

2,500,400


9 people like this.

11,003 comment(s). Last comment by baohulu88 1 week ago

cjm99

20 posts

Posted by cjm99 > 2016-02-19 20:08 | Report Abuse

Wakakaka

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-02-19 20:15 | Report Abuse

2 Sen interim dividend declared!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5004409

lanciao

544 posts

Posted by lanciao > 2016-02-19 20:29 | Report Abuse

FUYOOO.... isnin trop terbang kao kao liao

lanciao

544 posts

Posted by lanciao > 2016-02-19 20:32 | Report Abuse

da cabut punya senang hati liao blm cabut punya good luck ha ha ha

leow8686

10 posts

Posted by leow8686 > 2016-02-19 20:38 | Report Abuse

Profit n revenue drop so much, lagi terbang?

lanciao

544 posts

Posted by lanciao > 2016-02-19 20:42 | Report Abuse

terbang p holland

darrenliew

989 posts

Posted by darrenliew > 2016-02-19 21:06 | Report Abuse

2nd Interim Cash Dividend of 2 sen (total 7 sen Interim cash Dividends Payouts for its 3Q and 4Q Results). I recalled it also paid another Dividend -in-Specie (distribution of Treasury Shares as its Final Dividend which was 101 shares for every 7800 shares owned which was equivalent to 5.1 sen)

HENCE I BELIEVED THERE IS A POTENTIAL FINAL DIVIDEND AGAIN VIA ANOTHER DISTRIBUTION OF TREASURY SHARES LATER AFTER THE LATEST INTERIM 2nd DIVIDEND TO EX- D EARLY NEXT MONTH.

I BELIEVE THE BOARD OF DIRECTORS HAS NOW ADOPTED A HIGH DIVIDEND YIELD STOCK. A VERY GOOD N STRATEGIC CORPORATE POLICY TO ATTRACT INVESTORS ESPECIALLY INSTITUTIONAL FUNDS. CHEERS

darrenliew

989 posts

Posted by darrenliew > 2016-02-19 21:10 | Report Abuse

TROPICANA HAS BEEN VERY ACTIVELY DOING ITS SHARE BUYBACKS.
ALREADY RE -ACCUMULATED ITS HOLDINGS OF TREASURY SHARES

FullTime

1,074 posts

Posted by FullTime > 2016-02-19 21:33 | Report Abuse

profit dropped 50% . cant wait for monday to sell .

lanciao

544 posts

Posted by lanciao > 2016-02-19 21:59 | Report Abuse

Cap buaya

Posted by ChartMaster > 2016-02-19 22:34 | Report Abuse

next week panic selling

KONG88

55 posts

Posted by KONG88 > 2016-02-20 00:33 | Report Abuse

betul betul buaya ya

The One

2,949 posts

Posted by The One > 2016-02-20 00:38 | Report Abuse

Wow.. really massive drop in both revenue and profit. Finish.. kaput next week !!!

Posted by chickenrice > 2016-02-20 00:48 | Report Abuse

Danny Tan stock always be careful

cjm99

20 posts

Posted by cjm99 > 2016-02-20 01:49 | Report Abuse

Danny has no problem but those wanted to be riced overnight is Sohai

darrenliew

989 posts

Posted by darrenliew > 2016-02-20 08:53 | Report Abuse

GOOD FUNDAMENTALS REMAIN INTACT. NTA 2.17, EPS 15.5 sen. SINGLE P.E. OF ONLY 7 x (against much higher 15 to 20x seen among many other property developers and which are low dividend yield stocks or NOT paying Dividens at all). Tropicana has become a HIGH DIVIDEND YIELD STOCK. PAYING 7 SEN (1st interim 5 sen for its 3Q and 2 sen for its 4Q results) Both payouts are interims. It is likely to declare its Final Dividend later via another distribution of Treasury shares like what it did the previous financial year.

lanciao

544 posts

Posted by lanciao > 2016-02-20 11:08 | Report Abuse

Bayak lagi campany bagus.... apa pasar nak ambir risiko

Posted by I_like_dividend > 2016-02-20 11:10 | Report Abuse

DPS 7 sen meaning DY 6.14% about 2X FD rate.

darrenliew

989 posts

Posted by darrenliew > 2016-02-20 14:51 | Report Abuse

DPS LIKELY TO EXCEED 7 sen resulting in its DY HIGHER THAN 7%.
LAST FINANCIAL YEAR ALSO PAID A FINAL DIVIDEND (on top of a 5sen cash dividend) VIA ITS DISTRIBUTION OF TREASURY SHARES. LIKELY IT WILL REPEAT THIS AFTER THE LATEST 2 SEN INTERIM D

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 22:51 | Report Abuse

What is important is in the degearing. TROP now has one of the lowest in net gearing among large cap property stocks, at 0.3x Price-to-Book ratio only

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 22:52 | Report Abuse

Net gearing improved from 0.68x as at end-December 2014 to 0.30x in 2015 as a result of the Group’s de-gearing initiatives

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 22:53 | Report Abuse

And this hidden future profits to add to :

Twelve-month total sales at RM1.55 billion, with record high unbilled sales of RM3.13 billion to sustain performance in 2016

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 22:54 | Report Abuse

For the fourth quarter under review, the Group recorded revenue of RM304.9 million, compared to RM904.0 million registered in the corresponding quarter last year. Included in the revenue from the corresponding quarter in 2014 was land sale of RM470.7 million. Profit before tax (“PBT”) was lower at RM54.7 million for the current quarter under review, compared to RM234.5 million recorded in the previous corresponding quarter, which also included gain from land sale of RM167.9 million and RM17.1 million fair value adjustments from investment properties.

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 22:57 | Report Abuse

Although Q4/15 revenue was RM304.9m compared to Q4/14 RM904.0m, but we must minus out the one-off land sale of RM470.7m in Q4/14.

Net off, it should be only RM433.3m in Q4/14, not far from the RM304.9m in Q4/15.

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 23:01 | Report Abuse

PBT for Q4/14 was RM234.5m which included an one-off land sale profit of RM167.9m and RM17.1 million for fair value adjustments from investment properties. So, the net for Q4/15 should have been only RM49.5m from core business, compare with RM54.7m for Q4/15.

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 23:16 | Report Abuse

With a reduced debt ratio of only 0.3x, consistent shares buyback, PE at 7.4x, a dividend of 7 sen a share plus NTA RM2.23 (almost 196% of current shares price of RM1.14), you will be buying TROP on the cheap with more than 50% discount!

GT3RS

20 posts

Posted by GT3RS > 2016-02-20 23:17 | Report Abuse

Definitely a good hedge against our falling RM and market uncertainty

darrenliew

989 posts

Posted by darrenliew > 2016-02-20 23:22 | Report Abuse

AGREED THAT FOR QUARTER TO QUARTER RESULTS TO BE CORRECTLY COMPARABLE, WE NEED TO EXCLUDE ONE~ OFF ITEMS WHICH HAD INFLATED ITS PREVIOUS YEAR'S RESULTS. HENCE ITS LATEST 4Q REVENUE AND PROFITS WERE ACTUALLY NOT FAR OFF COMPARITIVELY. ALTHOUGH SOMEWHAT LOWER ITS 4Q RESULTS WERE STILL COMMENDABLE DESPITE THE CHALLENGING PROPERTY MARKET ENVIRONMENT.

lanciao

544 posts

Posted by lanciao > 2016-02-21 00:41 | Report Abuse

isnin kena beri liao ....basah liao

Posted by LoveyDovey > 2016-02-21 02:02 | Report Abuse

I BELIEVE THE BOARD OF DIRECTORS HAS NOW ADOPTED A HIGH DIVIDEND YIELD STOCK. A VERY GOOD N STRATEGIC CORPORATE POLICY TO ATTRACT INVESTORS ESPECIALLY INSTITUTIONAL FUNDS. CHEERS
(quote from darrenliew)

darren has a good point here..

however, i must point out that trop dividends is better than epf dividends !!

lanciao

544 posts

Posted by lanciao > 2016-02-21 10:16 | Report Abuse

Wa..那么多人看好 哈哈哈 good luck.

icon123

57 posts

Posted by icon123 > 2016-02-21 18:33 | Report Abuse

Bye bye to Trop 2moro.

darrenliew

989 posts

Posted by darrenliew > 2016-02-21 20:06 | Report Abuse

A HGH DIVIDEND YIELD STOCK WITH 6.14 % BASED 7 SEN PAYOUT
(WITH DY INCREASING WITH FINAL D LIKELY)
=======================================




WHY IS DIVIDEND IMPORTANT? From Dr Neoh Soon Kean's STOCK MARKET INVESTMENT
Author: calvintaneng | Publish date: Mon, 8 Feb 2016, 10:45 PM

WHY IS DIVIDEND IMPORTANT?

Dividend is important for many reasons. The most important reason has been explained a chapter earlier on, that is, dividend is the only benefit which a shareholder can obtain from a company under the normal circumstances. Profit, per se, is hardly of any use to him directly and the assets are only of value if the company is liquidated which is unlikely in a great majority of cases. Apart from this reason, dividend is important for the following reasons:

1) Dividend is a sure thing.

All too often, investors and speculators pay too much attention to profit forecast. It is amazing that so many malaysian companies have the courage to make profit forecast for many years into the future. What is even more amazing is that so many of the investors seem to believe these forecasts absolutely. It is difficult to make a profit forecast a year ahead, let alone five years or even ten years. Such profit forecasts can only be regarded as extremely shaky.

Let us take a recent example. During 1981, when the "property injection game" was at its height, many of the companies which were first getting into property development business gave very rosy forecasts of future earnings potential, as a result the price of these shares naturally went up to tremendous heights. Since then, the housing market softened considerably and the office rental market has declined 40-50 per cent. In just three years, the profit picture of just about all land development companies has changed considerably. I wonder how many of those forecasts made in 1981 can still stand up to scrutiny today.

Dividend is real and it is something which the shareholders can put to some use. Most companies keep dividend at a level they can afford to pay out irrespective of whether it is a good or bad year and is hence a great deal more certain than profit forecast.



2) Dividend provides a link with reality.

When the market is truly 'hot', few of us can keep truly rational and we tend to be swept along in the general atmosphere of optimism. But the dividend yield of a share keeps us in close touch with the real world. As in the earlier example of OCBC, anyone who keeps his eye on the dividend yield of that share would have realised that the price level was totally unreal. Most people would agree that at a dividend yield of 0.4 per cent it would be better to sell a share and invest the proceed in houses or leave the money in fixed deposit.

In the established stock markets of the world, the dividend yield (ie dividend per share/price per share) usually has a steady relationship with the fixed deposit and its interest rate. It is normal for dividend yield to fluctuate at around 1/3 to 1/2 of the long-term deposit interest rate. This means that when fixed deposit interest is around 10 per cent per annum, stock should sell at a price to provide a yield of 3 per cent to 5 per cent. Taking a look at the yield provided by local shares during bull markets, the dividend yield is usually so low as to be meaningless. Futhermore, one should not forget that fixed deposit of 15 months or longer and fixed deposits in National Savings Bank are interest free in Malaysia while dividend has a witholding tax of 40 per cent applied at source.



3) Dividend provides a 'floor' for shares during bear markets.

Stock markets of the world, especially the Malaysian/Singaporean market is not readily predictable. They can collapse so easily into a 'bear pit' with little warning. If we wished to protect our hard earned capital, we must be defensive in our investment approach. One of the best defense is to buy shares with reasonable dividend yield (i.e. a yield of between 1/2 of deposit interest rate). If we buy a share because it pays a reasonable dividend, our loss is likely to be small even during periods of sharp market decline.

For example, we can buy a share which pays 30 cents dividend at Rm5.00 a share and this gives us a dividend yield of 6 per cent. If the share market goes into a sharp decline, the amount this share can fall to is limited by the fact that it pays a 30 cents dividend. If the price is to fall to as low as Rm3.00, it will be giving a dividend yield of 10 per cent which is about as good as what one can get from fixed deposit but with the additional opportunity to capital gain thrown in.

Most people can see that at that price, the share is probably a good bargain and it is therefore unlikely to fall any lower.

lanciao

544 posts

Posted by lanciao > 2016-02-21 20:24 | Report Abuse

Ha.. ha. ha

Posted by talkrealreal > 2016-02-21 22:43 | Report Abuse

Buy

SS3U

272 posts

Posted by SS3U > 2016-02-21 22:49 | Report Abuse

Consensus recommendation

As of Feb 13, 2016, the investment analyst covering Tropicana Corporation Bhd advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Apr 09, 2014. The previous consensus forecast advised investors to purchase equity in Tropicana Corporation Bhd.

http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=TROP:KLS

SS3U

272 posts

Posted by SS3U > 2016-02-21 22:51 | Report Abuse

Share price forecast

The one analyst offering a 12 month price target expects Tropicana Corporation Bhd share price to rise to 1.43 in the next 3 months from the last price of 1.14.

lanciao

544 posts

Posted by lanciao > 2016-02-21 23:38 | Report Abuse

还没有公布业绩之前公司每天在share buy back
看看下来还有没有。。还是在做大戏

tksw

12,762 posts

Posted by tksw > 2016-02-22 09:05 | Report Abuse

why no panic selling?

tksw

12,762 posts

Posted by tksw > 2016-02-22 09:09 | Report Abuse

Q low low to buy few hundred units, kakaka

tksw

12,762 posts

Posted by tksw > 2016-02-22 09:14 | Report Abuse

throw lar throw lar...

tksw

12,762 posts

Posted by tksw > 2016-02-22 09:35 | Report Abuse

aiyo, why not come down 100 leh..

tksw

12,762 posts

Posted by tksw > 2016-02-22 11:24 | Report Abuse

pai-si punya Trop go up back 111... veli pai-si

tksw

12,762 posts

Posted by tksw > 2016-02-22 12:29 | Report Abuse

jilakak, upstair who said : ."cant wait for monday to sell ." "next week panic selling", " Wow.. really massive drop in both revenue and profit. Finish.. kaput next week !!!" ? Where got?

cipapo

1,288 posts

Posted by cipapo > 2016-02-22 17:44 | Report Abuse

tomoro back to 0.80

tksw

12,762 posts

Posted by tksw > 2016-02-22 18:23 | Report Abuse

mali mali, 80sen I want.

Posted by croniesoftheblind > 2016-02-23 02:06 | Report Abuse

1.16 to 1.10 from an average of .98 a while back. The savvy would have made a quick buck here but congratulations to the biggest naysayers below:

http://klse.i3investor.com/servlets/cube/post/tropicanaisdead.jsp

http://klse.i3investor.com/servlets/cube/post/ks5s.jsp
"talk until cow come home , tropicana is still trapicana" <--- LoL

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-02-23 09:01 | Report Abuse

will continue buying it as treasury share dividend distribution coming up soon~

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