TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.19

Today's Change

-0.01 (0.83%)

Day's Change

1.18 - 1.20

Trading Volume

2,510,500


9 people like this.

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

tksw

12,854 posts

Posted by tksw > 2016-11-25 09:22 | Report Abuse

Expect EPS from business at least 2.4 x 4 = 9.6sen per year. Disposal of assets will bring in extra. Financial position of the company should be manageable as the management still paying dividend and there is share buy back

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-11-25 14:05 | Report Abuse

Buying more.. steady stock in coming years

darrenliew

1,046 posts

Posted by darrenliew > 2016-11-25 15:14 | Report Abuse

FOR 2016M I NOW THINK TROPICANA WILL MORE LIKELY SIMPLIFY THEIR DIVIDENDS BY HAVING ONLY 2 PAYMENTS i.e. 1st interim of 2.5 sen (just declared) Plus 1 Final D WHICH WILL LIKELY NE A COMBINATION OF CASH D 3.5 SEN AND 1.388 TREASURY SHARE DIVIDEND (to be announced together with their 4Q/FULL YEAR RESULTS DURING FEBRUARY 2017)

TOTAL DIVIDENDS CAN STILL TOTAL 7.388 SEN.

JUST SAFELY BUY AND ACCUMULATE FOR SUCH HIGH DIVIDEND YIELDS TO BE COLLECTED IN ABOUT 3 MONTHS TIME.

(NOTE. ALREADY HAVE 20.1M TREASURY SHARES = 1.388 SHARE D PER 100 SHARES HELD)

OTHER FUNDAMENTALS INCLUDE NTA RM2.19
UNBILLED SALES RM2.6B GIVING GOOD EARNINGS VISIBILITY OVER THE NEXT 3 YEARS AS THESE BECOME PROGRESSIVELY COLLECTED FROM PURCHASERS.
STILL GOT VAST LANDBANKS IN PRIME AREAS IN KL, PJ, WITH GDV WORTH RM50B.
LAST YEAR PAID 7 SEN DIVIDENDS

darrenliew

1,046 posts

Posted by darrenliew > 2016-11-25 15:31 | Report Abuse

ADDITIONAL POSITIVES ARE THE REASONABLY MUCH LOWER GEARING (A HIGH OF 7.7x a few years ago TO ITS CURRENT 3x due to disposals of large non core assets)

Tropicana has actually paid 7 sen D last year INCLUDING TREASURY SHARES. HENCE WILL MOST LIKELY DISTRIBUTE ITS HOLDINGS OF 20.1M SUCH SHARES AS PART OF ITS FINAL D FOR 2016.

Posted by Syakib Arsalan > 2016-11-25 17:07 | Report Abuse

Kembali ke kamar .99 untuk beradu. ZZZZZZ

Posted by Michael Wong Yew Kong > 2016-11-28 09:39 | Report Abuse

Rubbish, totally rubbish.

BN_menang

2,982 posts

Posted by BN_menang > 2016-11-28 15:58 | Report Abuse

QR not bad, got dividend why drop?

azim1590

60 posts

Posted by azim1590 > 2016-11-28 18:44 | Report Abuse

When will get dividend?

Posted by Michael Wong Yew Kong > 2016-11-29 09:26 | Report Abuse

haven't announce the day yet.

Posted by khatulistiwa1234 > 2016-11-29 17:02 | Report Abuse

1.20 is making , Christmas Days gift .

Posted by khatulistiwa1234 > 2016-11-29 17:07 | Report Abuse

sound west heading east tactic .

Posted by khatulistiwa1234 > 2016-11-29 17:09 | Report Abuse

ask darrenliew master to brief the gutter short diagram , the flow line , he is genius .

Posted by khatulistiwa1234 > 2016-11-29 22:56 | Report Abuse

BANG BANG BANG .

Posted by khatulistiwa1234 > 2016-11-29 22:57 | Report Abuse

BULLET FLY .

Posted by khatulistiwa1234 > 2016-11-29 22:58 | Report Abuse

CORE START ON WARD , HAPPY CHRISTMAS , SANTA CAUSE .

Posted by khatulistiwa1234 > 2016-11-30 09:43 | Report Abuse

HO HO HO .

Posted by Michael Wong Yew Kong > 2016-11-30 10:29 | Report Abuse

Khatulistiwa must be drunk yesterday. Still early for Christmas. lol

Posted by khatulistiwa1234 > 2016-11-30 18:04 |

Post removed.Why?

Posted by khatulistiwa1234 > 2016-11-30 18:05 | Report Abuse

BENEFICIAL all his family member .OK

Posted by khatulistiwa1234 > 2016-11-30 18:35 | Report Abuse

i not always react , but i always notice , it sure burst , before CHRISTMAS .

Posted by khatulistiwa1234 > 2016-11-30 18:36 | Report Abuse

MERRY CHRISTMAS .

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-12-01 11:35 | Report Abuse

Good!

Posted by khatulistiwa1234 > 2016-12-01 21:00 | Report Abuse

income again , money is crowded in this stock , wealthy stock rewarded , u just smell $$$$ very where .

Posted by khatulistiwa1234 > 2016-12-01 21:04 | Report Abuse

18M pocket in , NEW YEAR ANG PAU is fitted giving , such BIG BIG ANG PAU .

Icon8888

18,659 posts

Posted by Icon8888 > 2016-12-01 21:10 | Report Abuse

Got shares buy back

Like

Posted by khatulistiwa1234 > 2016-12-01 21:17 | Report Abuse

SENTIMENT like fishing port sudden flooded , all institution focus on , it will making new record high soon , after long timing freeze .

Posted by khatulistiwa1234 > 2016-12-01 21:17 | Report Abuse

interesting .

Posted by khatulistiwa1234 > 2016-12-01 21:19 | Report Abuse

energetic again , revolution did .

bracoli

2,579 posts

Posted by bracoli > 2016-12-02 08:09 | Report Abuse

Khatulistiwa hardcore fan of trop?

Posted by khatulistiwa1234 > 2016-12-02 08:56 | Report Abuse

stuff admire .OK

Posted by khatulistiwa1234 > 2016-12-02 08:57 | Report Abuse

crazy flower .

Posted by khatulistiwa1234 > 2016-12-02 08:58 | Report Abuse

spread the benefit , coz their family member majority the game .

Posted by Michael Wong Yew Kong > 2016-12-02 09:02 | Report Abuse

People say Tan chee sing is cheater just like his brother Vincent tan.

Posted by khatulistiwa1234 > 2016-12-02 09:02 | Report Abuse

i bet on their family member also need money to celebrate MERRY CHRISTMAS , WAVE IT and get the interest here !he he .

Posted by Michael Wong Yew Kong > 2016-12-02 09:05 | Report Abuse

haha. ok :)

Posted by khatulistiwa1234 > 2016-12-02 09:06 | Report Abuse

i confirm u guy , young guy here , TAN not a cheat chief , also Vincent brother , they only a real businessman , protocol will call , is born leader , never replace , blood circle same , business is business , never lie .

Posted by khatulistiwa1234 > 2016-12-02 09:10 | Report Abuse

TIME TO EXPLOIT TO ROOF TOP , ROTATION TO HIM BE A TOP GUY IN COUNTRY , see his ambitious , another casino , u already know , he not joke type .OK

Posted by khatulistiwa1234 > 2016-12-02 09:13 | Report Abuse

NEXT COMING YEARS < is HIS GREAT YEARS < TAN FAMILY EMPEROR will STRONG BUILT , TOP ONE IS RESERVE , himself seat number two , nobody chased for ONE .

Posted by khatulistiwa1234 > 2016-12-02 09:14 | Report Abuse

BILLION EMPEROR TAN .

Posted by khatulistiwa1234 > 2016-12-02 09:15 | Report Abuse

SEVEN IS HIS LUCKY NUMBER , forgot to tell .

Posted by khatulistiwa1234 > 2016-12-02 09:16 | Report Abuse

GO ALL THE WAY BREAK ROOF TOP OUT PLANET .

Posted by Michael Wong Yew Kong > 2016-12-02 09:54 | Report Abuse

Finger and toe cross.

JimYeoh

1,514 posts

Posted by JimYeoh > 2016-12-02 14:39 | Report Abuse

reloading

darrenliew

1,046 posts

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

IMPROVING OUTLOOK FOR TROPICANA
===================================
LIKELY REBOUND AND START OF A NEW UPTREND IN ITS SHARE PRICE BASED ON THE FOLLOWING BULLISH CATALYSTS:-

RISING UPTREND IN QUARTERLY PROFITS
1Q 16M
2Q 33M
3Q 37M
4Q (very strong profits likely based on “The Group recorded 3Q revenue of RM357.1 million, a surge of 46.0% compared to the same quarter last year. Cumulative nine months revenue was RM1.0 billion, an increase of 5.7% compared to RM947.8 million in the same period last year.
The property developer said a one-off gain on disposals of properties and a subsidiary of RM161.7 registered in the previous corresponding period caused the Group to record lower profit before tax (“PBT”) of RM53.4 million in 3Q and RM127.3 million in the cumulative nine months period in 2016. Excluding the aforementioned one-off gain, the Group’s net profit for the quarter and cumulative nine months were higher by RM39.8 million respectively compared to the same quarter and nine months period a year ago. With an unbilled sales of RM2.6 billion, the Group remains well-positioned to achieve its full-year sales target of RM1.2 billion, anchored by encouraging demand for its developments within prime locations, coupled with its 17 on-going projects and strategic approaches to unlock the value of over 1,300 acres of prime land with potential gross development value in excess of RM50.0 billion
EXPECTED STRONG 4Q PROFITS AND A HIGH FINAL DIVIDEND (comprising a cash dividend and Treasury share dividend will boost up its share price in a CNY RALLY).
STRONGER 4Q PROFITS TO BE SUPPORTED BY INCREASED CORE EARNINGS RECORDED IN 3Q (after excluding one off gains registered in the previous corresponding Q)
PLUS THE CAPTURING OF CAPITAL GAINS IN THE COMING 4Q ENDING 31/12/2016 FROM THE FOLLOWING DISPOSALS :-
SALES VALUE (properties) CAPITAL GAINS NET CASH PROCEEDS STATUS
140M DiJaya Plaza 8.9M 51.6M COMPLETED
24.9M Damansara Intan 18.2M 18.6M COMPLETED
58.0M PUDU Sky Express 2.5M 24.4M BY 5/12/2106
570M PULAI Lands (Johor) 55.5M 218.4M S&P 1/7/2106
(TOTAL CAPITAL GAINS RM85.1M. AND NET CASH PROCEEDS RM313M)
(NET CASH RECEIPTS ARE AFTER REPAYMENT OF ALL RELATED LOANS)
(THESE WILL RESULT IN FURTHER REDUCTIONS IN BORROWINGS . GEARING
RATIOS WILL BE LOWERED WHICH WILL INCREASE FUTURE PROFITS DUE TO POSITIVE IMPACTS ON REDUCED BANK INTEREST COSTS AND ALSO INCREASING FREE CASH FLOWS FOR HIGHER CASH DIVIDENDS)

OTHER STRONG FINANCIALS
NTA RM2.19
PAR VALUE RM1.00
RETAINED EARNINGS RM1.08B
CASH ND BANK BALANCES (as at 30/9/16) RM970M
GEARING REDUCED FROM 7.7x PREVIOUSLY TO < 3.0x (Excluding recent early full redemption of its Medium Term Notes of RM280M)
Tropicana is becoming very Cash Rich.

OTHER POSITIVE INDICATORS
NO EXPOSURES TO ANY FOREIGN CURRENCY LOANS (no adverse financial impact even if our Ringgit values were to go down further)
GOOD EARNINGS VISIBILITY FOR THE NEXT SEVERAL YEARS
Supported by unbilled sales of RM2.6B and 17 ongoing projects where sales are still satisfactory (despite a generally softer property market) due to their prime locations, mainly in KL, PJ, Selangor )

NEAR TERM CATALYSTS FOR NEW PRICE UPTREND
OVERSEAS STOCK MARKETS LED BY USA DOW INDEX ARE BULLISH AS THE TRUMP RALLY-SANTA RALLY IS LIKELY TO CONTINUE INTO 2017.
OUR BURSA AND TROPICANA SHARE PRICE CAN RIDE ON THESE RALLIES
AND BECOME OUR SANTA-YEAR END AND CHINESE NEW YEAR RALLIES.
(aided by year end window dressing and anticipated Early General Election in mid-2017)
BRIGHT PROSPECTS SUPPORTED BY EXPECTED STRONG 4Q PROFITS AND HIGHER
DIVIDEND ANNOUNCEMENTS AROUND CNY. FINAL DIVIDENDS ARE ALWAYS HIGHER (especially when the company’s fundamentals are strong and profits are increasing)
(Disclaimer: MY ABOVE COMMENTS ARE PURELY MY OWN PERSONAL VIEWS AND ARE merely to share the interesting observations I made in i3investor. Nothing in this article should be considered as investment advice nor is intended to be investment advice. NO
BUY OR SELL CALLS HERE)

darrenliew

1,046 posts

Posted by darrenliew > 2016-12-05 21:43 | Report Abuse

GOOD NEWS. PUDU PROPERTY DALE RM58M COMPLETED

darrenliew

1,046 posts

Posted by darrenliew > 2016-12-05 21:46 | Report Abuse

3 OUT OF 4 SALES OF NON CORE ASSET DISPOSALS COMPLETED THIS YEAR

trythis

163 posts

Posted by trythis > 2016-12-06 10:50 | Report Abuse

Why so quiet today?

Posted by Michael Wong Yew Kong > 2016-12-06 10:55 | Report Abuse

Not today only, it has be quiet for a year now.
Just have to wait,wait and wait.
Till now the official Q3 report haven't announce yet, divided date not release yet.

Posted by khatulistiwa1234 > 2016-12-06 21:31 | Report Abuse

FIRECRACKER IS ANY MOMENT , LISTEN < HOT AND SPICY .

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