Posted by Biker2b > 2018-03-27 11:56 | Report Abuse

Read somewhere mentioning Amway is one of their key customer.

Posted by Doer > 2018-03-27 14:56 | Report Abuse

is TN competitive among logistic competitors?

Posted by Biker2b > 2018-03-27 15:46 | Report Abuse

There are 2 main operations from logistic player's perspective- transport and warehouse. Transport is pretty much everyone's cup of tea - small individual owner to last mile delivery companies. This space is quite crowded and cut throat. Warehouse is TNLOGIS's competitive advantage and it has very high entry barrier for competitors. In addition, I am also attracted to their strategic landbank which is pending right moment to be monetized.

Posted by Lim Tek Wai > 2018-04-03 16:07 | Report Abuse

EPF start to sell share and tk profits

Posted by deathgodwoairuo > 2018-04-03 19:02 | Report Abuse

u sure epf have profit on this stock?

Posted by Biker2b > 2018-04-13 11:15 | Report Abuse

Joker SBB with 1,000 units purchased. TNLOGIS's FCF was -ve for the last few years, cash is channel towards expansion and servicing loan interests. What's the Management/Board trying to accomplish by purchasing 1,000 units from market?

Posted by Biker2b > 2018-04-27 21:02 | Report Abuse

Drove from PG - KL today and spotted 14 TNLOGIS trucks/lorries/vans of various sizes along NSE. Some large trucks are quite new too. Looks like business volume is growing healthily. Hopefully this will help lifting the profit margin in upcoming quarters.

Posted by deathgodwoairuo > 2018-05-02 20:02 | Report Abuse

why keep acquire and disposed....

Posted by Biker2b > 2018-05-02 20:28 | Report Abuse

From left pocket to right pocket, paving way for REIT listing and other assets monetization?

Posted by Dartmaster > 2018-05-02 21:11 | Report Abuse

Earn money also wont give you la masuk pocket sendiri by giving themselves huge bonuses and curi sini sana by not reporting. After that report sucky report. Once price low enough buy the entire stake and take private

Posted by deathgodwoairuo > 2018-05-03 18:08 | Report Abuse

reit listing?no news at all...

Posted by Doer > 2018-05-28 21:19 | Report Abuse

Bad QR...Lol

Posted by Larrytrader > 2018-05-29 22:46 | Report Abuse

Lousy management

Posted by superluckystar0505 > 2018-05-31 13:38 | Report Abuse

super super lousy management...totally no spirit..conservative and old management..

Posted by Biker2b > 2018-06-01 12:15 | Report Abuse

Mind to elaborate your assessment of lousy management ?

Was it due to they are growing the business by building new warehouses and adding trucks to expand its regional network between Singapore-Thailand route? Or was it they are still waiting for better timing to monetize and unlock their land/warehouse assets ?

Posted by Larrytrader > 2018-06-04 17:49 | Report Abuse

Due to their failure of profit earning and disappointing results bro biker

Posted by Biker2b > 2018-06-05 11:46 | Report Abuse

I agreed with @nnMM. This is part of growing pain in expanding Logistic and Warehouse Services Segment.

In fact revenue for logistics segment register steady increase QOQ. Quarterly EBITDA also see bottoming up in Q3FY18 & Q4FY18 after trending down QOQ since beginning of FY2017. While Investment & Property segment is still a wildcard. Logistic segment should see clearer sky ahead in FY19.

Posted by Larrytrader > 2018-06-05 20:39 | Report Abuse

Oo thanks for teaching me a lesson,but I don’t know how to see the annual reports actually,only know how much profit and revenue.

Can you teach me??

Posted by Biker2b > 2018-06-06 11:37 | Report Abuse

Sure... many sifu here. We will progress towards a better investor community if we are here to share factual information.

Posted by deathgodwoairuo > 2018-06-06 17:42 | Report Abuse

but warrant is going to expire soon...dunno can wait til the day come ornot...

Posted by jibbie > 2018-06-06 18:09 | Report Abuse

@biker2b : hope you can you teach me as well..i see bursa announcement - director dispose, but acquired by TNTT realty. what does it mean when director dispose and the private vehicle acquire it? why do they do that?

Posted by Biker2b > 2018-06-07 10:53 | Report Abuse

@jibbie, there are many possibilities why directors decided to transfer shares from personal (direct ownership) to company owned by them (indirect ownership). May be due to tax planning, estate planning, corporate exercise, restructuring, etc. I wouldn't lose any sleep guessing what's the reason behind this move, as long as the major shareholders did not reduce his/her total interest in shares.

In addition, do not look at individual bursa announcement in isolation. Best is to compare multi-year annual report to get a better sense of ownership changes. For TNLOGIS, over the last 3 years, direct ownership of one of the major shareholder increased from 16.3% (2015) to 18.1% (2016) to 20.2% (2017). Whereas total indirect interest in share increased from 45% (2015) to 47% (2016) to 48.9% (2017).

I wouldn’t able to answer why they transferred from 1 entity to another. But the trend is quite obvious YOY.

Posted by jibbie > 2018-06-07 11:23 | Report Abuse

ahh.. tqvm biker2b. appreciate your sharing. i've been holding more than a year. so sad to see price keep dropping. their revenue increasing, but the overhead costs bring down the profits. think the share price will go up again once they regain shariah status. high gearing now, not many interested

Posted by Biker2b > 2018-06-07 11:30 | Report Abuse

Sure, gearing is quite high. Interest Expenses is edging up YOY. It's all down to good debt vs bad debt. Bankers/Financiers are conservative in nature. I reckon they have done their due diligence and convinced about the risk/return profile before approving more loans to TNLOGIS.

Posted by Biker2b > 2018-06-07 14:09 | Report Abuse

Sure you can.. it is shareholder's right to ask for clarification.

Posted by deathgodwoairuo > 2018-06-11 21:06 | Report Abuse

连epf都卖了，没有看头了...

Posted by hotdogge > 2018-06-15 10:34 | Report Abuse

http://www.enanyang.my/news/20180615/陆兆福承诺与各界交流-确保提高运输业竞争力/

Posted by deathgodwoairuo > 2018-06-22 21:17 | Report Abuse

他x的股价一直下...

Posted by deathgodwoairuo > 2018-06-25 11:58 | Report Abuse

Rubbish counter

Posted by nearownkira > 2018-06-25 12:01 | Report Abuse

2/3 revenue is from property development, why call yourself logistic company?

LOL

Posted by jibbie > 2018-06-25 13:40 | Report Abuse

wahh.. why drop so much?

Posted by Biker2b > 2018-06-26 12:34 | Report Abuse

Wondering where is that genius uncle came up with 2/3 revenue is from property development.

According to segment reporting in annual/quarter reports property segment only contributing :-
FY2018 : 22% of full year revenue
FY2017 : 21% of full year revenue
FY2016 : 23% of full year revenue

Posted by mansaham1972 > 2018-06-26 18:32 | Report Abuse

Masuk waran 4.5 sen.skg trend waran hampir 6 bulan expired terbang spt taliwrk wa ,hohup wa dan menang wa.TNLOGIS waran dalam proses mengaum dan mungkin lebih 10 sen nanti

Posted by winwin2288 > 2018-06-27 11:02 | Report Abuse

mansaham ! apa khabar ?! warrant boleh masuk lagi dah 0.065 ?

Posted by winwin2288 > 2018-06-27 11:08 | Report Abuse

pantau apa lagi mansaham ?

Posted by mansaham1972 > 2018-06-27 19:22 | Report Abuse

Khabar baik winwin.terkini sata masuk KPJ waran harga 8.5 sen winwin.apapun agak berhat-hati kot2 trend waran naik semakin lemah.saya hanya main waran yg hampir expired sebab kalau menjadi boleh untung lebih 200 peratus macam taliwork waran dari 2.5 sen terbang sampai 11.5 sen.begitu j7ga hohup waran dari 2.5 sen jumaat lepas naik sampai 11 sen.harap winwin dapat untung nanti.

Posted by winwin2288 > 2018-06-28 08:40 | Report Abuse

pagi mansaham, nasib baik hohup wa & GSB untung. saya rugi lain. Barakah pun rugi. good luck ya

Posted by nnMM > 2018-06-29 01:41 | Report Abuse

柔佛首个集合了创业????电子商务????与资金援助????的创业嘉年华???? 这项活动获得州政府，阿里巴巴（马来西亚）的支持，Tiong Nam Logistics Holdings与 DoubleDose 主办， JCI JB Entrepreneur (Malaysia) 协办，想要创业，融资与电子商务的青年们和中小企业。

活动亮点看这里????????️‍????️
☑ 为想要创业的人提供多达12个月的免费租金 ????????
☑学习电子商务(E-Commerce) 和了解阿里巴巴马来西亚2018最新发展????‍????????‍????
☑ 大马数码自由贸易区（DFTZ）为马来西亚企业带来的一站式通关，物流，外汇和数据化的服务 ????
☑ 本地企业进行商业交流和投资方案????????
☑ 想要回国创业和寻找合适的工作机会 ????‍????????‍????

参与单位 ????‍♂????‍♀
✅ 马来西亚对外贸易发展局 (MATRADE)
✅ 马来西亚数字经济公司(MDEC)
✅ 大马数码自由贸易区（DFTZ）
✅ 新山文华国际青年商会 (JCI JB Entrepreneur)
✅阿里巴巴马来西亚 (Alibaba Malaysia)

Posted by hotdogge > 2018-07-02 22:03 | Report Abuse

固定的柴油价格，运输业容易控制成本；税务空窗也使得东南的房地产卖得火红，所以是时候从谷底绝地反弹？？

Posted by hotdogge > 2018-07-07 23:31 | Report Abuse

http://johor.chinapress.com.my/20180707/陳泓賓：地方政府積極推動%E3%80%80擴大青年創業空間/

Posted by nnMM > 2018-07-09 11:50 | Report Abuse

warrant very huge volume

Posted by deathgodwoairuo > 2018-07-10 00:26 | Report Abuse

哈哈，你真的很乐观...

Posted by supertrader888 > 2018-07-10 14:29 | Report Abuse

Warrant very cheap and exercise price only rm1.. believe will goreng soon !

Posted by jibbie > 2018-07-10 15:31 | Report Abuse

wow.. suddenly go up. buy buy

Posted by deathgodwoairuo > 2018-07-10 15:35 | Report Abuse

Possible to go bk to 1.7?

Posted by supertrader888 > 2018-07-10 15:35 | Report Abuse

Hehe warrant already moving,if mother move to 1.2, warrant got 20c value

Posted by yiqqre > 2018-07-10 16:10 | Report Abuse

ALIBABA Group opened an office in Bangsar South, Kuala Lumpur, last Monday — a reflection of the group’s commitment to Malaysia. While he was in town for the opening, executive chairman Jack Ma met Prime Minister Tun Dr Mahathir Mohamad in Putrajaya for an hour.

This is seen as an affirmation of the new government’s support of the development of the Digital Free Trade Zone (DFTZ), which was initiated by former prime minister Datuk Seri Najib Razak.

When the DFTZ was unveiled in March last year, logistics counters such as CJ Century Logistics Holdings Bhd, GD Express Carrier Bhd (GDex), Tiong Nam Logistics Holdings Bhd and TASCO Bhd rallied on Bursa Malaysia with their share prices climbing to all-time highs in the following months.

But investor reaction to the latest developments seems muted despite the reassurance that the DFTZ is on.

“The surge in logistics counters after the announcement of DFTZ [last year] was overdone, in my opinion. Several of them have been gradually sold down after the initial spike,” Hong Leong Investment Bank analyst Andrew Lim tells The Edge.

While the DFTZ is undoubtedly a catalyst for the logistics sector, Lim says the current environment is too competitive as companies are aggressively cutting prices to secure a piece of the e-commerce pie.

He says the volume of e-commerce is growing but this has not translated into higher earnings as companies are gaining business at the expense of thinner profit margins.

“Overall, we are not expecting anything big this year, and we are ‘neutral’ on logistics counters. Talk of a boom in e-commerce has been going on for a while now but we have yet to see this reflected in companies’ earnings,” Lim says.

The competition aside, some logistics companies are incurring higher costs as they expand their operations and venture into new segments to gear up for the anticipated surge in e-commerce activity upon the completion of the DFTZ.

This was a recurring theme cited by most logistics companies — which had largely reported lower-than-expected results — during the first-quarter corporate earnings season.

GDex reported a 67% year-on-year drop in net profit to RM2.62 million in its third quarter ended March 31 (3QFY2018), which was mainly attributed to its ongoing investment in networks, sorting facilities, fleet and technology for network expansion to maintain its competitiveness.

CJ Century’s net profit dropped 45% year on year to RM2.64 million in its 1QFY2018 ended March 31, partly due to the set-up costs of its courier services venture, marking the group’s entry into the business-to-consumer (B2C) segment as it diversifies from its traditional business-to-business (B2B) operations.

Tiong Nam’s logistics division remained in the red with a loss before tax of RM1.9 million for its full FY2018 ended March 31, against a pre-tax profit of RM20.8 million in FY2017, amid higher operating expenses stemming from the expansion of its warehousing capacity and overseas distribution centres.

Affin Hwang Capital Research senior associate director Loong Chee Wei says the decline in logistics stocks is largely a sentiment issue, following the disappointing corporate results.

“When these companies expand their warehouses, depreciation sets in, and in the case of CJ Century and Tiong Nam with their new parcel delivery operations, there will be running costs while they are working on ramping up their revenue.

“It will take time for them to reap the benefits of their expansion plans as there needs to be a certain level of volume before they break even,” Loong says.

He adds that the DFTZ will be a significant long-term catalyst for logistics players but it will not translate into earnings in the immediate term.

Affin Hwang is “neutral” on the transport and logistics sector, says Loong, amid several emerging risks, including a possible trade war between the US and China and higher crude oil prices.

Loong has a “buy” call on CJ Century and Tiong Nam due to their relatively attractive price-earnings valuations of 19.53 times and 14.96 times respectively, compared with the high PE valuations of the likes of GDex (82.22 times) and Pos Malaysia (33.12 times).

“Valuation-wise, CJ Century and Tiong Nam are attractive but this year will still be challenging for them. They are both expanding and adding a new B2C stream to their traditional B2B and cargo business, which will take some time to build,” says Loong.

CJ Century executive director Edwin Yeap says that e-commerce has seen significant growth, even without the involvement of the DFTZ.

In fact, CJ Century has expanded its fleet of trucks from 30 to 130 in the past six months alone, after launching its courier service in November last year.

“We have seen a tremendous pickup in volume from e-commerce activities, not just because of Alibaba or the DFTZ,” Yeap says. The e-commerce penetration rate in Malaysia is lower than that of its regional peers, he adds.

“Margin pressure from the last-mile delivery

Posted by mansaham1972 > 2018-07-10 17:44 | Report Abuse

Tq tnlogis waran hahaha

Posted by Striker90 > 2018-07-10 21:48 | Report Abuse

Hahaha, 看了两天，这庄家胃口也太小了，才收那点票就丢了。你们中套的小心咯

Posted by Striker90 > 2018-07-10 21:49 | Report Abuse

可惜我来不及买