I think whether is in the list or not is doesnt matter to Tiong Nam. First and foremost, TNL is going to kick off the international route from China all the way to Malaysia. Is is very difficult for TNL to ensure all the goods is syariah compliance. The most important thing is the route is profit making route.
Just to share some material litigation case of TNL with you guys.
Currently TNL is counter claiming Tan Ngee Hong Construction Sdn Bhd for RM82.883Million. The hearing is on-going. The last hearing date is on 27-30 November which is this week.
If, TNL won the case; the RM82.883Million will be treated as one-off gain. I hope the management can consider to provide special dividend to small shareholder.....
Somemore, the share price of Iwcity is deemed stable now.
@WAKAKAKAKA if you look at their revenue, logistic & warehousing still their core business (>70%), my guess is that lower PBT for L&W is due to warehouse expansion, new venture business( Cross border truck & last mile "instant"). I believe a closer follow up is needed for the profitability of those new businesses, there is certainly some risks such as strong competitions and recent rising trend in diesel prices, with diesel price in China, Vietnam, Mymmar already higher than Malaysia. (still too early to judge). Another highlight is development of DFTZ might bring some opportunity for them.
boss said reit not goin to be listed.property market not good, wont get good valuation. any smart business wont listing reit when property market having winter.
Can anyone explain why this counter is going down hill? Saw so many TN trucks all over.... Business seems good!!! i feel like going in but not sure whether this is the right time
Last time 1.70++ because they build a lot of factory and sold all very well, now property at downtrend, if only left transport biz share price should reflect around 0.80.
The coming quarter should be a disaster to TNL. No significant contribution from Property Segment. Pinetree Marina Project is towards tail end. The logistic service takes year to generate income....Good Luck Guys. The best timing to buy is Mid of May......
I think will drop further, the property segment not more pipeline and no more new project. The potential counter should be Wong Engineering Corp Berhad. I suspect they are going to inject the properties and land bank to Wong as according to business weekly magazine.
Tiong Nam financial should be koyak, China tycoon prefer GDEX, POS Malaysia instead of Tiong Nam. I think the share price shall drop further to below RM1. Then, TNL can go for private placement. If their private placement is 10% discount from the market price of RM1.00 then the subscription is merely RM0.90. I think this is very possible.
Good luck guys,my advice is to avoid this counter. Can consider to buy if the price break the support level to below RM1.
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....
Woody
746 posts
Posted by Woody > 2017-11-25 10:54 | Report Abuse
Will consider buying again if it goes lower..