Michael Wong sifu, I just learnt that Trop on target achieving 1.2 bil sales last FY. current quater sales almost 380mil, That's why the unbilled sales only depleted 100 mil +-
soli, the W hotel and residency target completion is Feb 2019. guess still got a lot of construction work to be done after the topping ceremony. China company move veli fast one hoh... dun play play. That mean we shall see profit recognition on this property gradually increase from 2017 to 2018... and collection of $$$. As for the W hotel, it is to be the recurring income for Trop in future.
1. St Joseph to build St Joseph’s Institution International School Malaysia (Tropicana PJ Campus) or otherwise known as SJII Malaysia within the 409-acre Tropicana Indah Resort Homes, Petaling Jaya. Tropicana will build SJII Malaysia that comes complete with world-class facilities on a six-acre plot of land with a built-up area of approximately 333,000 square feet. The school will be operated by Lasallian Asian Partnerships for International Schools (LAPIS) and will be able to accommodate up to 1,500 local and international students. Construction will be completed by March 2016, with the first intake expected in August 2016. For more information of SJII Malaysia, please log on to www.sji-international.edu.my 2. GEMS Education to develop GEMS International School in the 88-acre Tropicana Metropark, Subang Jaya. An international school campus complete with world-class facilities on a five-acre plot of land with a built-up area of approximately 229,000 square feet will be built by Tropicana within the Tropicana Metropark development. The school will be operated by GEMS Education upon completion in 2017, with the first intake expected in September 2017. The school will be able to accommodate up to 2,400 local and international students aged three to 18. For more information, please log on to www.gemseducation.com 3. Tenby Schools to construct Tenby International School in the 863-acre mixed township of Tropicana Aman, Shah Alam. Built by Tropicana, the planned 10-acre international school campus with a built-up area of approximately 225,000 square feet will accommodate up to 1,800 local and international students. The school is expected to have its first intake in September 2018, offering international student-oriented programmes for students aged from three to 18 years old. For more information, please log on to www.tenby.edu.my
Tksw, where did you get the news that W Hotel will only be opened in Feb 2019. From the progress at the site, it looks like the hotel can be opened within 6 to 9 months time. Even the glass curtain wall is almost completed. Why need another 2 years? Why Trop wants to delay the opening?
I STILL BELIEVE TROP'S SHARE PRICE CAN GO UP BASED ON THE :- * ITS FUNDAMENTALS ARE STRONG AND STRENGTHENING. EG PAR VALUE RM1, NTA 2.19, FULL YEAR 2016 NET PROFIT RM115M IS REASONABLY GOOD. EARNINGS VISIBILITY IS GOOD WITH UNBILLED SALES RM3.2B SUPPORTING INCREASING REVENUES AND PROFITS FOR THE NEXT 10 YEARS AS THE UNBILLED BECOMES BILLED AND RECOGNISED AS INCOMES/PROFITS. ITS LANDBANK ESPECIALLY IN PRIME LOCATIONS IN KL AND PJ WILL CONTINUES TO RECEIVE GOOD SALES. IN TOTAL IT HAD BEEN ASSESSED BY ANALYSTS THAT ITS GDV IS WORTH RM50Bs WHEN FULLY DEVELOPED..
* ALL THESE YEARS TROP HAS BEEN PROFITABLE AND HAS ALWAYS PAID GOOD DIVIDENDS, LAST YEAR IT PAID A GOOD 7 SEN, ONE OF THE HIGHEST DIVIDEND YIELD STOCKS IN BURSA. FAR EXCEEDING INTEREST RETURNS FROM BANK FIXED DEPOSITS OF 3 TO 4%.
FOR THE YEAR JUST ENDED FYE31/12/2016, IT PAID ITS 1ST INTERIM DIVIDEND OF 2.5 SEN. WE WILL GET A FINAL DIVIDEND WHICH I ESTIMATED TO BE ABOUT 4.87 SEN (MAKING A TOTAL OF 7.37 SEN WHICH I HAD COMPUTED IN MY EARLIER POSTING)
TROPICANA HAS ALWAYS PAID A FINAL DIVIDEND AND IT WILL DECLARE IT SOON WHEN IT ANNOUNCE ITS DATE FOR ITS AGM IN THE FEW WEEKS.
THIS FINAL DIVIDEND IS FORTHCOMING AS IT CAN AFFORD IT, MAKING GOOD PROFITS AND ALREADY HAS 20.1M TREASURY SHARES FOR FREE DISTRIBUTION.
enid 888 sifu, at first I read that W Hotel and suites had its topping ceremony, thought it is possible that it will be completed in 2017. However, the company presentation showed that the estimated completion date is 2019. and the suite only achieved 55% sales. I dun wanna be a sifu to said otherwise. Now that you said so, then may be the company's presentation got some mistake, I just dunno
haiz, after almost 2 years+ near to 3 years, i throw all my Trop yesterday and go to other stock. 1 days only, already gain back all my lost in trop + earning more. Maybe Trop only good for long long long team investment. But experience people all say not to touch Tan's family stock. What to do?
i talk , this round , in bursa , a lot of potential share , going to hit NEW HIGH TARGET , worldwide market is consider heading healthy BEST ECONOMIC TREND , example , DJI keep break record high , also the EUROPE market , can say all world crazy UP TREND , YEAR 2017 , declare RECOVERY YEAR for whole world .
khatulistiwa1234 you does not have a position, some time ask all to dispose some time ask people to buy. By the way, remember 2017 is almost 10years since last crisis on year 2008, 10year cycles, do not forget. All stock hitting new high does not mean good for economic.
Thank you trythis sacrifice , i represent all frency TROPICANA , give you highly respect , of course your totally dispose , make todays fly , in short ward , i red flag you .
Spillover from IW City? IW City loss making company can move so high why not Trop? Trop also has land in JB, KL as well. Beside that Penang, Sabah and many places also got land. NTA RM 2.19 still cheap now.
IWCITY can rapidly up trend , TROP also can , time factor concern , maybe next is TROP , coz all the project is one length near , can say next door , source the internat , get the direction .
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....
Michael Wong Yew Kong
1,240 posts
Posted by Michael Wong Yew Kong > 2017-03-01 09:05 | Report Abuse
Darren i hope u are right cause i hold 20 truck of trop mother share. lol