Posted by valueinvestor > 2016-08-06 13:45 | Report Abuse

Final tower of Tropicana Garden for sale.

Earlier 3 towers are fully sold.

https://scontent-kul1-1.xx.fbcdn.net/v/t1.0-9/13669683_1159350607441064_2819521854785822851_n.png?oh=042d1c5c634624d262521297bea59e58&oe=58292B5C

Posted by Icon8888 > 2016-08-06 13:50 | Report Abuse

this stock is packed with potential. Will be re rated significantly the moment they unlock value through corporate exercise or major disposals

Posted by valueinvestor > 2016-08-07 15:02 | Report Abuse

Icon8888,

This stock will only move upward if you would write an article/analysis & recommendation on it. You and your reports have lots of followers & supporters!

Posted by Icon8888 > 2016-08-08 22:48 | Report Abuse

Don't worry just be patient

This company has strong major shareholder

He got the resources to ramp it up

Just give him some time

Posted by valueinvestor > 2016-08-10 21:12 | Report Abuse

Agreed with you that the major strong shareholder is very rich.

Unfortunately most people don't trust him since he injected personal assets into the company. The last rally in the share price of this counter in 2013 was primarily due to the broad market rally after the GE13.
No matter how better the fundamentals or profits being reported by this company in the past 3 years, there was little positive impact to boost its share price. Many long term investors might have been very much disappointed by this company and its principal after staying invested for many years. He simply cannot compare to some other property strong men like Tan Sri Liew Kee Sin whose share price moves way ahead of strong profits being registered.

I believe that only your analysis and report will surely push up the price of this counter as you carry more weights & respect than the principal.

Posted by darrenliew > 2016-08-10 22:38 | Report Abuse

Management has been taking positive corporate actions to enhance its brand and profile among th8e investors. Besides strenthening its fundamentals like bringing down its gearing from 7.7x to a very comfortable 3.0x , it had turned Trop into one of the highest Dividend Yield stocks. Last year paid 7 sen or DY abt 7%. We are now expecting a very good 2Q results due this month. With lots of Cash Inflows from disposals of high value non cote assets n boosting its Free Cash Flows we will likely get a HIGH COMBINED DIVIDENDS comprising Cash + Treasury shares.Its high Dividends will win over more investors support

Posted by enid888 > 2016-08-10 22:56 | Report Abuse

Very undervalued counter. If we compare Tropicana and EcoWorld, Tropicana is much more attractive than Ecoworld. Tropicana is in net cash position while EcoWorld is high in debt.

Two valuable and strategically located investment properties are under construction now which have the potential to be spinned off in future as REIT. The investment properties are Tropicana Gardens Mall in Kota Damansara n W Hotel in Jalan Ampang. Although there is a glut in new shopping mall supply, The Tropicana Gardens Mall may still be successful as it is directly connected to the Kota Damansara MRT Station which will start operation by end of 2016.

A few big landbank are still booked at the historical purchase price many years ago. Some dated back to the early 1990s.
1) The 121.85 acres of land in Tropicana Golf Club is still booked at RM15.39/sq. ft. The current market price should be more than RM500 / sq.ft.
2) The 800+ acres of land in Tropicana Aman in Kota Kemuning is booked at about RM30/sq. ft. (including infra work). The price should be RM80.00+ now.
3) The 88 acres of land in Tropicana Metropark near to Subang Jaya is booked at RM147/sq. ft. (including infra work). The current market value should be RM400+/sq. ft.

The sale of Tropicana City Mall is a very correct strategy. It was sold at a good price when the mall was still relevent. The mall has already been fully valued and it is going to face stiff competitions in the crowded shopping mall market going forward. I foresee the ROI and net profits from the mall will drop in the next few years.

Although many ppl are complaining about the management due to the low share price, but the capability of the management are superb. If you follow their strategy of selling many pieces of smaller size or less strategic landbank, you will know that the management are fast in action n with superb capability.

The RNAV (actual value of the company after valuing taking the landbank n investment properties to the current market price) is RM5.11/share according to CIMB. The current trading price of RM1.06 is only about 21% of the actual value. It is like a small condo worth RM511k trading at RM106k now. It is unbelievably cheap. The market has priced the company wrongly.

WHY THE PRICE STAYS LOW? Well, to the major shareholder, they are happy with the low price that the market value the company. They can slowly and quietly collect additional shares from the market. Some of them will be collected by Tropicana as Share Buy Back. Until they have collected enough, they will let the price move to the actual value.

Posted by Yong Hao > 2016-08-10 23:17 | Report Abuse

Tropicana haVing cash flow problem, from insider. tq Bye.

Posted by darrenliew > 2016-08-11 08:44 | Report Abuse

DISAGREED. NOW FLUSHED WITH CASH FROM SALES OF BIG VALUE NON CORE ASSETS THE PAST FEW YEARS. HENCE ABLE TO PAY 7 SEN DIVIDENDS LAST YEAR. SOLD MORE NON ESSENTIAL PROPERTIES THIS YEAR. BOOKING IN BIG CAPITAL GAINS PLUS ADDING MORE CASH N MORE FREE CASH FLOW TO PAY HIGHER DIVIDENDS

Posted by GP01 > 2016-08-12 16:05 | Report Abuse

aiyo plomote so hard n price still not moving la...

the fact remains is danny tan owns 70% of tropicana shares la. so little traded publicy, thats why so hard to move la.

closely traded shares ma...

playing warrants got more chance la.

last time this uncle hold so long the mother shares until sienz just chao only

Posted by GP01 > 2016-08-12 16:05 | Report Abuse

this counter like bj corp just dun wanna move wan...sienz

Posted by darrenliew > 2016-08-12 17:46 | Report Abuse

I AM VERY OPTIMISTIC. THIS VERY UNDERVALUED AND SOLID COUNTER NEEDS PATIENCE AND WE WILL REAP OUR REWARDS SOON. NEAR TERM CATALYSTS INCLUDE A VERY STRONG SET OF 2Q RESULTS + A GOOD DIVIDEND TO BE ANNOUNCED IN THE NEXT 2 WEEKS. (LAST YEAR GAVE 7 SEN. WE ARE LIKELY TO GET A SURPRISING GOOD DIVIDEND (INCLUSIVE OF A SPECIAL D WHICH IT CAN AFFORD WITH THE HUGELY PROFITABLE DISPOSALS OF BIG VALUE NON CORE ASSETS.

TROP HAS BEEN FOOD FOR ME. ALWAYS MADE MONEY FOR ME. I JUST NEED TO BE A PATIENT. AND THE TIME FOR REWARDS AGAIN IS COMING REAL SOON

Posted by darrenliew > 2016-08-12 17:53 | Report Abuse

TROP IS JUST LIKE MALTON. JUST NEED TO BE PATIENT AND IT WILL ALWAYS REWARD U.
MALTON IS UP AGAIN TODAY. BEAUTIFUL

Posted by darrenliew > 2016-08-12 17:56 | Report Abuse

I MEAN "GOOD" FOR ME AND ALL

Posted by valueinvestor > 2016-08-13 16:53 | Report Abuse

Part of the group's RM3.2 bilion un-billed sales to be recognized over the next 4 years.

https://www.youtube.com/watch?v=Yj4evujmbNw

https://www.youtube.com/watch?v=xThy8yRH6eU

https://www.youtube.com/watch?v=2dJaG6rJ4dY

Posted by Icon8888 > 2016-08-13 17:06 | Report Abuse

I am very optimistic about the WA

I hold 3 lorries at 31 sen

Posted by valueinvestor > 2016-08-13 20:06 | Report Abuse

Really hope that you would write an analysis on your blog to share your views on this company.

Thank you in advance.

Posted by darrenliew > 2016-08-14 10:23 | Report Abuse

NOTE THE FOLLOWING GREATLY IMPROVED FUNDAMENTALS: BY FYE2015 ALREADY BROUGHT ITS GEARING FROM 7.7x to 3.0x(good), 1H FURTHER SOLD 2 COMMERCIAL BUILDINGS FOR RM195M CASH. ALSO SOLD JOHORE LAND FOR RM659M CASH LAST MONTH. THESE WILL BRING IN LOTS OF CASH IN ADDITION TO REALISING BIG CAPITAL GAINS BOOSTING ITS COMING QUARTERLY PROFITS. TOGETHER WITH THE PROFITS N CASH RECOGNIZED FROM ITS PROGRESSIVE RECEIPTS FROM ITS UNBILLED SALES OF RM3.2 BILLIONS , U CAN NOW SEE THE VERY GOOD PROSPECTS OF A STRONG SET OF 2Q RESULTS IN 1 to 2 WEEKS TIME. TROP WILL ALSO HAVE A LOT OF FREE CASH FLOWS TO PAY A GOOD DIVIDEND IN LINE WITH ITS OBJECTIVE TO REBRAND ITSELF AS A HIGH YIELD STOCK PLAY.
EXPECTING A HIGH DIVIDENG COMPRISING CASH + TREASURY SHARES. CA. ALSO TOP IT WITH A SPECIAL D. EXPECT A SPIKE IN ITS PRICE WHEN THESE HAPPEN.

Posted by darrenliew > 2016-08-14 10:26 | Report Abuse

TECHNICALLY ITS PRICE HAD REMAINED ABOVE 1.04 AND ON LARGER VOLUMES.

Posted by LoveyDovey > 2016-08-15 13:33 | Report Abuse

The dividends part is right as what darrenliew said..

Posted by Galant > 2016-08-16 17:48 | Report Abuse

Entered with small quantities @ 1.05.

Posted by hng33 > 2016-08-18 09:54 | Report Abuse

Bought back trop at 1.04

Posted by hng33 > 2016-08-18 11:19 | Report Abuse

Trop will recognized divestment gain from disposal Plaza Dijaya for RM 140m in upcoming q result. Although the actual net gain is only RM 9m due to the said property already revalue up to market price previously, but, cash proceed RM 140m proceed from disposal will still enable Trop to pare down borrowing cost.

Posted by pekor > 2016-08-18 14:12 | Report Abuse

Welcome hng33. He's buying means this stock is bullish. check his track record

Posted by hng33 > 2016-08-18 15:32 | Report Abuse

Swap back all free up capital from HSL, increase further stake in trop at 1.04

Posted by darrenliew > 2016-08-18 16:30 | Report Abuse

FULLY AGREED WITH pekor's OPINION ON hng33 WHOSE INVESTMENT TRACK RECORDS ARE VERY GOOD.

Posted by hng33 > 2016-08-18 17:44 | Report Abuse

It's win-win for everyone to make profit

Posted by JimYeoh > 2016-08-23 15:45 | Report Abuse

Get ready for this week!

Posted by vivofanfan > 2016-08-23 15:46 | Report Abuse

still buy?

Posted by darrenliew > 2016-08-23 16:09 | Report Abuse

LAST YEAR PAID 7 SEN DIVIDEND

Posted by enid888 > 2016-08-23 22:46 | Report Abuse

Based on

1) profit from assets sales
2) reduction in interest expense
3) progress billings on high unbilled sales

the results should be good if they don't push profits to next quarter.

Posted by Michael Wong Yew Kong > 2016-08-24 09:31 | Report Abuse

talk talk talk... until price drop. Already break support level 1.04 probably heading to south. Maybe the quarterly result is so so only.If the result is good the share price should be rallies accordingly but it didn't.

Posted by darrenliew > 2016-08-24 10:13 | Report Abuse

RALLY COMING

Posted by hng33 > 2016-08-24 15:53 | Report Abuse

Lets wait for Q result to further look at trop profitability improvement

Posted by cjm99 > 2016-08-24 20:03 | Report Abuse

the quarter results is a known information, it won't be a catalyst to share price.

Posted by darrenliew > 2016-08-24 21:55 | Report Abuse

PRICE CATALYSTS WILL COME FROM A GOOD SET OF 2Q RESULTS /PROFITS AND ADIVIDEND ANNOUNCEMENTS

Posted by darrenliew > 2016-08-24 22:06 | Report Abuse

GOOD PROFITS AND DIVIDENDS ARE THE 2 MOST IMPORTANT CRITERIA FOR GOOD SHARE INVESTMENT RETURNS

Posted by SS3U > 2016-08-25 14:38 | Report Abuse

Dead meat. Sighing for having invested in this stock

Posted by hng33 > 2016-08-25 16:55 | Report Abuse

:D)

Posted by darrenliew > 2016-08-25 17:09 | Report Abuse

CONFIDENT AND POSITIVE OUTLOOK

Posted by tksw > 2016-08-25 17:28 | Report Abuse

show me da profit and dividend first...

Posted by bracoli > 2016-08-25 20:07 | Report Abuse

Sifu icon 8888 pick! Yay!

Posted by darrenliew > 2016-08-25 22:48 | Report Abuse

2Q RESULTS WERE ALL IMPROVED.
TOPLINE REVENUE UP 15% TO 358M.
PRETAX PROFIT UP 70% TO 44M
2Q NET PROFIT ALMOST DOUBLED TO 32M (FROM 16M IN 1Q)
1H NEW SALES WAS 502M WHILE UNBILLED SALES WAS A GOOD 2.8B
ALL INDICATIVE OF HEALTHY SUSTAINABLE BUSINESS GROWTH FOR 2016.

Posted by Galant > 2016-08-25 22:55 | Report Abuse

overall report is satisfactory i guess....
- lower interest expense is always good
- relatively higher cost of sales...more cash was used for operations/investing activities compared to Q1
- higher net profit but seems mostly come from JV and other income...would've been better if its from operations
I think its improving, and will be better in coming quarters as the property segment slowly picks up agian.

Posted by Icon8888 > 2016-08-25 22:55 | Report Abuse

Did you notice interest expenses decline from 24 mil last year to 7 mil this quarter

That alone is a big boast to Earning

My exposure is through Warrants at about 31 sen

If it can go to 50 sen within 2 years, I happy already

Posted by Icon8888 > 2016-08-25 23:03 | Report Abuse

They wrote off 32 mil inventories

If not because of that, net profit could be about RM60 mil, and EPS of about 4 sen

Posted by hng33 > 2016-08-25 23:07 | Report Abuse

With last several assets divestment materialize, monetize asset, Trop have successful pare down significant borrowing, resultant saving in interest cost, boosting its profit margin.

Posted by bracoli > 2016-08-25 23:18 | Report Abuse

Hng wads ur tp

Posted by enid888 > 2016-08-25 23:51 | Report Abuse

Tropicana will be in net cash position very soon after the two more asset sales which are a hotel in Jalan Pudu and an office building in Jalan Ampang. By that time, the interest expense will be close to zero.

Simple calculation,
Tropicana has future gross development value of RM50bil.

Let us ignore the further increase in gross development value due to future appreciation in property prices and just prudently underestimate by using that RM50bil GDV.

Assume 25% net profit as land are already bought with zero debt now and all the developments takes 10 years to complete.

Net profit for 10 years is RM12.5 bil.

In 10 years time, Tropicana share price should rise to RM8.75.

Posted by cjm99 > 2016-08-26 08:10 | Report Abuse

the family holding major stake is very comfortable in current scenario. there is no need to push up the share prices and also no one can manipulate it's prices. they are enjoying the company good prospect. it's a sure more than 70% of dividend will be paid to their pocket. if you're aiming the dividend, this counter is a good pick.