TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.18

Today's Change

-0.01 (0.84%)

Day's Change

1.17 - 1.19

Trading Volume

3,557,200


9 people like this.

11,004 comment(s). Last comment by DreamGuardian 3 weeks ago

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-13 16:53 | Report Abuse

he is Danny

Posted by inikalilah888 > 2016-05-13 16:57 | Report Abuse

Trap set up nicely...wait fishes to come in only :D

darrenliew

1,048 posts

Posted by darrenliew > 2016-05-13 17:07 | Report Abuse

Nope. Retired. Now a very cautious and prudent "Value Investor" hunting for fundamentally sound but very undervalued stocks with minimal market price risks and paying high dividends. Good to all like-minded fellow investors.

darrenliew

1,048 posts

Posted by darrenliew > 2016-05-13 17:09 | Report Abuse

I mean "good luck"

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-13 17:10 | Report Abuse

Trop quite safe at this level

I bought 3 lorries WB recently at 31 sen average

tksw

12,858 posts

Posted by tksw > 2016-05-13 19:12 | Report Abuse

Icon sifu, Trop where got WB? I see only WA wor.

cjm99

20 posts

Posted by cjm99 > 2016-05-13 19:36 | Report Abuse

Wakakaka

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-13 20:15 | Report Abuse

ok, WA

Old already

enid888

581 posts

Posted by enid888 > 2016-05-13 21:18 | Report Abuse

Bad GDP figures may be a good reason for Bank Negara to reduce interest rates. Bank Negara will meet on 19 May and we hope for a good announcement.

In the US, bad GDP figures were welcomed by Wall Streets in the last few years because it meant further monetary easing or delay in interest rates hike. So, sometimes economic bad news may turned out good especially to the interest rate sensitive sectors like property.

cpng

1,575 posts

Posted by cpng > 2016-05-13 21:58 | Report Abuse

Icon brother betting on MSCI??

cpng

1,575 posts

Posted by cpng > 2016-05-14 16:54 | Report Abuse

Added into MSCI midsmall cap index

enid888

581 posts

Posted by enid888 > 2016-05-14 20:32 | Report Abuse

Icon8888 was very accurate in calling a "buy" in AirAsia. He said price will move up to RM2.10 and it has hit the target. Let's hope that he is also accurate in calling a "buy" in Tropicana.

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-14 20:45 | Report Abuse

Oh no, this is a different case. I not always able to predict price. Only sometime in cases like AA, I can see the future better

enid888

581 posts

Posted by enid888 > 2016-05-14 22:23 | Report Abuse

I thk KSL n TROP are the same. Both are with deep values but not reflected in their share prices. The bosses of these two companies may be suppressing the prices so that they can collect more at cheap price.....

Posted by Kokobeware > 2016-05-16 12:08 | Report Abuse

No power liao

Jacky OYH

329 posts

Posted by Jacky OYH > 2016-05-16 15:47 | Report Abuse

short term show only.

Jacky OYH

329 posts

Posted by Jacky OYH > 2016-05-16 15:48 | Report Abuse

Seller more than Buyer

darrenliew

1,048 posts

Posted by darrenliew > 2016-05-17 14:50 | Report Abuse

SOLID FUNDAMENTALS. UNDERVALUED. UNDERPRICED.
CATALYSTS FOR MARKET RERATING COMING WITH EXPECTED GOOD 1Q RESULTS N AGM 26/5.
CONTINUED CORPORATE STRATEGY TO MAKE TROP INTO A VERY HIGH DIVIDEND YIELD STOCK. FYE DEC 2015 PAYOUT 7 SEN TO BE INCREASED BY A FINAL DIVIDEND VIA A COMBINED TREASURY SHARES+ CASH D OR A QUATERLY DIVIDEND FOR ITS 1Q 2016.
IN A GREAT FINANCIAL POSITION TO DO THE ABOVE WITH CONTINING GOOD SALES, PROFITS, SIGNIFICANTLY REDUCED GEARING FROMB7.7x TO ONLY 3.0x
HOPE THE ABOVE ENVISAGED DIVIDENDS WILL FULFIL MY BIRTH DAY WISHES

Posted by LoveyDovey > 2016-05-17 19:55 | Report Abuse

Darrenliew or DANNY liew ?

But dividends go go go go go goooooo

Posted by Michael Wong Yew Kong > 2016-05-17 20:12 | Report Abuse

Last month i sold all my AA and sailang in this counter, just waiting the harvest time to come. Tp.Rm1.5 -1.6

darrenliew

1,048 posts

Posted by darrenliew > 2016-05-17 20:25 | Report Abuse

IT'S OK TO HAVE VIEWS.
BUT ITS A FACT THAT TROP DID GAVE A FINAL DIVIDEND THE PREVIOUS FINANCIAL YEAR. REASONABLE TO DO THE SAME FOR FYE DEC 2015.
IT IS CLEAR THAT TROP HAS BECOME A HIGH DIVIDEND YIELD STOCK AS IT HAD ALREADY PAID 7 SEN CASH DIVIDENDS SO FAR FOR FYE DEC 2015 ONE OF THE HIGHEST YIELDING SHARE IN BURSA. N I REMAIN OPTIMISTIC OF GETTING ITS FINAL DIVIDEND DECLARED BEFORE ITS AGM ON 26/5.(just repeating its practice of its preceding financial year.
GOOD LUCK TO ALL

darrenliew

1,048 posts

Posted by darrenliew > 2016-05-17 20:27 | Report Abuse

i mean different views

bsngpg

2,842 posts

Posted by bsngpg > 2016-05-17 21:41 | Report Abuse

Glad to see more participants in Trop and the thread is warmer now.

RVI123

660 posts

Posted by RVI123 > 2016-05-18 15:16 | Report Abuse

One has to be very patient to make money in this stock. Deeply undervalued. We have to just wait until the stock moves.

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-05-18 15:22 | Report Abuse

TP1.5

Posted by Jolin Lai Chi Pet > 2016-05-18 19:31 | Report Abuse

higher...................lah

vxpoison

1,906 posts

Posted by vxpoison > 2016-05-19 17:57 | Report Abuse

Buy buy buy

Posted by LoveyDovey > 2016-05-20 11:40 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/05/20/tropicana-corp-records-higher-core-profit-of-rm152mil/

PETALING JAYA: Tropicana Corp Bhd recorded net profit of RM15.17mil in its first quarter ended March 31.

It added that its finance cost had almost halved to RM7.8mil from RM14.7mil a year ago, reflecting its success in executing its asset divestment strategy to reduce borrowings.

Its unbilled sales, it said, remained healthy at RM3bil as at March 31, 2016 and would continue to fuel the group’s earnings performance in the next two to three years.

“The group’s strategy for 2016 will continue to be market-driven and adapt to market demand while focusing to unlock value of its landbank in the Klang Valley, as well as in the northern region,” it said.

The group has a landbank of over 1,600 acres across Malaysia with a potential gross development value of more than RM50bil.

In the current financial year, Tropicana plans to launch over RM1.5bil worth of new projects, including new phases of Tropicana Aman in Shah Alam and Tropicana Heights in Kajang.

Plans are also in place to launch the fourth residential tower in Tropicana Gardens, Kota Damansara.

SejukSam

1,005 posts

Posted by SejukSam > 2016-05-24 15:42 | Report Abuse

this stock is so closely held by its own major shareholder dun expect it to be active like other stocks in bursa. its not gonna move ..why?

becoz the level of shares publicly traded is 25% or less!!!!

u wan this stock to move? ....syndicated goreng la...

otherwise its gonna be like slow tortoise

SejukSam

1,005 posts

Posted by SejukSam > 2016-05-24 15:42 | Report Abuse

keep waiting folks...i waited enuf dy last time.

Posted by Michael Wong Yew Kong > 2016-05-24 17:36 | Report Abuse

I know you are frustrate,so do i :( but this a not bad counter,paying 7 cent divided last year wor, and also u have to remember this type counter for long term player not contra player.

azim1590

60 posts

Posted by azim1590 > 2016-05-26 08:58 | Report Abuse

no dividend for 1st quarter
=(

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-05-27 13:25 | Report Abuse

anyway still good to hold it for long-term.

Posted by valueinvestor > 2016-05-30 21:14 | Report Abuse

http://www.theedgemarkets.com/my/article/tropicana-corp-finalises-land-sale-deal-johor

KUALA LUMPUR (May 30): Tropicana Corp Bhd is in the midst finalising a land deal in Johor.

In an announcement to Bursa Malaysia today, the property developer announced that its indirect wholly-owned unit Tropicana Desa Mentari Sdn Bhd had entered into a heads of agreement with Terran Property Sdn Bhd.

According to the announcement, the deal could be a land sale or the granting of development rights to Terran Property and its related parties of the freehold land measuring about 131.964 hectares in gross area in Pulai, Johor Bahru.

The agreement is subject to adjustment for the existing water tank or reservoir on the land, the existing transmission tower and electricity pylons erected on the land plus any acquisitions of land designated for highway use by the relevant authorities, and such other deductible areas as mutually agreed by the relevant parties and stipulated in the definitive agreement (where applicable).

Tropicana Corp shares were unchanged at RM1.02 today, for a market capitalisation of RM1.46 billion.

(The book value of the above land bank is around RM0.5 billion as per its annual report.)

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-30 21:25 | Report Abuse

I am holding

Comfortably holding

Good_News

601 posts

Posted by Good_News > 2016-05-30 22:05 | Report Abuse

131.964 hectares in gross area in Pulai, Johor Bahru.

Roughly how much cash can Trop get anyone know?

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-30 22:08 | Report Abuse

500 mil ?

Icon8888

18,659 posts

Posted by Icon8888 > 2016-05-30 22:09 | Report Abuse

It is in the article

Posted by Michael Wong Yew Kong > 2016-05-30 23:02 | Report Abuse

BOOM...!!! Soon or later. Im holding tight tight :)

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-05-31 11:04 | Report Abuse

maybe distribution as special dividend!

Posted by valueinvestor > 2016-05-31 20:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5111697

Just completed the RM140 mil sale of Plaza Dijaya. Gearing ratio lowered again.

AhSeng

645 posts

Posted by AhSeng > 2016-05-31 23:52 | Report Abuse

Trop Besok boleh mari bo.kikikikikiki. banyak news came out

AhSeng

645 posts

Posted by AhSeng > 2016-05-31 23:52 | Report Abuse

:)

AhSeng

645 posts

Posted by LoveyDovey > 2016-06-01 02:54 | Report Abuse

EXECUTION OF HEADS OF AGREEMENT BETWEEN TROPICANA DESA MENTARI SDN BHD ("TDM"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA GOLF & COUNTRY RESORT BERHAD ("TGCRB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, AND TERRAN PROPERTY SDN BHD ("TPSB") IN RELATION TO THE PROPOSED DISPOSAL


The Board of Directors of Tropicana wishes to announce that Tropicana Desa Mentari Sdn Bhd (“TDM”), a wholly-owned subsidiary of Tropicana Golf & Country Resort Berhad (“TGCRB”), which in turn is a wholly-owned subsidiary of Tropicana, had entered into a Heads of Agreement (“HOA”) with Terran Property Sdn Bhd (“TPSB”) for the proposed disposal of and/or granting of development rights to TPSB and/or it’s nominee(s) of freehold land measuring in aggregate approximately 131.964 hectares in gross area in the Mukim of Pulai, District of Johor Bahru, Negeri Johor (“Land”), subject to adjustment for:

a) the existing water tank/reservoir on the Land;

b) the existing transmission tower and electricity pylons erected on the Land;

c) any acquisitions of land designated for highway use by the relevant authorities; and

d) such other deductable areas as mutually agreed by the relevant parties and stipulated in the Definitive Agreement (where applicable);

Posted by I_like_dividend > 2016-06-01 03:47 | Report Abuse

In current property market I think Tropicana better sell more of their assets(NTA > RM2) to make profit and reduce gearings. Profit made is higher than selling houses.

Posted by valueinvestor > 2016-06-04 16:28 | Report Abuse

Tropicana, together with Hong Leong Industries Bhd, MMHE and others have just been added as component stocks of the MSCI Malaysia Small Cap Index on 1 June 2016. Let's see if it can attract some fund managers' attention in the next property recovery phase.....

Its finance & brand name management team and corporate communication team have to wake up and work harder............otherwise, hire a better team instead to do the job.......

Posted by I_like_dividend > 2016-06-13 11:14 | Report Abuse

PROPERTY SNAPSHOT 1: Tropicana/Sunway Damansara market stable
http://www.theedgeproperty.com.my/content/property-snapshot-1-tropicanasunway-damansara-market-stable

luckyman

721 posts

Posted by luckyman > 2016-06-28 10:11 | Report Abuse

It is about time for the co to update if it has entered into an agreement to sell off its Johor land worth RM0.5 Billion.

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