Leaving out Titijaya Group Sdn. Bhd. (major shareholder @ 75.97%), there is only 81,705,000 shares (24.03%) available for trade. So who is systematically dumping the shares at RM 1.44 to RM 1.42? Maybe LTH, maybe LTAT, maybe those unfortunate subscribers under MITI or maybe Titijaya Land Berhad's employees? Who can guess correctly?
Management is controlling this share between 143-156 as investors leave this counter due to weak performance of debut date. So enter at 143 is very good price, it may go up to 156 or more sooner, well, just my 2 cents, i think they will control until Q2's result releases as I expect it will be have a higher earnings. It just listed few months, time will time, don't judge it so early.
Cecil Chin has been accumulating. always good news when a bean-counter buy your shares, lol. So has Tabung Haji. Looking forward to the quarterly report soon.
Titijaya is tightly controlled by the owner, therefore the share price is likely to increase faster. Maybe investors are waiting for Q2FY14 the before snapping up the shares. Finger-crossed..
Fundamentally, it is a good counter. Only the sentiment towards our current gomen to property sector causing all this counter "hanging"..most of people use wait and see approach. Only a few takes an action when other avoid it.
It is possible actually. Westports, Astro, and Maxis announced dividends in 2nd quarter after listing. I believe Titijaya is capable of giving out dividends as soon as 2nd quarter after listing.
Their margin quite high. Annualized EPS almost 24 cent. They wanted to opt for 40% dividend policy. Almost 10cent dividend! Higher than Tambun for the time being.
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....
Hustle
3,615 posts
Posted by Hustle > 2014-01-24 10:53 | Report Abuse
Tit tit jaya too slow,better change name to Fai fai jaya :)