Kawelegen you have to check the financial statement for details, their cash is about 200m, debt ratio is at healthy level, they are very well managed company won't let debt ratio gone up too high, and their business strategy besides holding land for development, they also partner/JV with other renowned companies. This can avoid holding too many undeveloped lands (capital holding cost) and also expanding business in more faster way.
Daily 8, Titijaya is at their multi years low, it's clearly oversold. You can compare with other property developers with PE below 7. Their financial is at healthy level, they are expanding, they are in affordable housing sector, their unbilled sales is high and assuring profitability in coming years. Their share price movement is not tally with its performances. Currently market sentiment towards property developers are generally not very good, but property is a cyclical business, i foresee this sector is going to boom very soon.
Property sector is in decline now. Many established companies have reported reduced profit in last qtr. Next qtr could be challenging as well. We really need some positive news to boost this sector.
That you, on 7 August 2013 at AmIslamic Bank Berhad, Cawangan Jalan Raja Chulan, No. 55, Jalan Raja Chulan, Bukit Ceylon in the Federal Territory of Kuala Lumpur, did engage in money laundering, to wit, by using proceeds from an unlawful activity totalling RM246,000,000 through an AmIslamic Bank cheque number 571858 for payment to Lim Soon Peng (MyKad number ******-**-5177), thereby you have committed an offence under paragraph 4(1)(a)of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 [Act 613], punishable under subsection 4(1) of the same Act.
Penalty:
Shall on conviction be liable to a fine not exceeding RM5 million or to imprisonment for a term not exceeding five years or to both.
Banking loans are hard to approve for young buyers. How Titijaya going to service the loans? This is very dangerous. Once they exhausted the cash flow, bank EBEIT will be high.
Titijaya Land Bhd plans to launch three projects in the financial year ending June 30, 2019 (FY2019), with a total gross development value of RM838 million.
Riveria City at KL Sentral is a mixed-use development comprising retail, office suites and serviced apartments.
“We are launching Phase 1, which comprises 784 office suites in the heart of the city. The GDV for this development is RM320 million,” says Titijaya Land Bhd executive director Charmaine Lim in an email interview.
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“The second project is Phase 2 of 3rdNvenue — 422 serviced apartments with a GDV of RM338 million. This development offers luxury living and a modern, metropolitan lifestyle. It is in a premium location in Embassy Row, Jalan Ampang,” Lim says.
Phase 1 of 3rdNvenue was launched last year and is about 70% taken up. The freehold development with a total GDV of RM2.1 billion will offer 2,500 serviced apartments, small office/home office units and retail lots in four towers of 42 to 48 storeys.
“Lastly, we are looking to launch a new development in Bukit Subang at Shah Alam called Damaisuria. It comprises serviced apartments, retail lots and shop offices in an urban park environment targeting young, urban folk who appreciate a natural environment and exclusive spaces,” she says.
“The GDV of the first phase of 370 serviced apartments and 20 double-storey shops at Damaisuria is RM180 million,” she says, adding that more details will be revealed soon.
For FY2018, Titijaya Land has achieved a revenue of RM399.03 million.
“It is 4.8% higher than the RM380.75 million achieved in the same period last year,” says Lim. Net profit for FY2018 was RM72.9 million, slightly lower than the RM76.74 million in FY2017.
“Titijaya Land is optimistic about its long-term growth and prospects, based on our strong competitive position and solid demand for the affordable residential properties we offer,” says Lim.
“We are confident of the company’s future performance, given that most of our land bank is located in prime growth areas, which are well developed and [close to] public transport.”
Titijaya Land currently has 208 acres of land worth RM12.1 billion in GDV in the Klang Valley, Penang and Sabah to be developed over the next 10 years.
Titijaya Land was founded in 1997 by group managing director, Tan Sri Lim Soon Peng. Its early projects include 2-storey terraced houses and 3-storey shop offices in Taman Bukit Cheras, Kuala Lumpur, and 2-storey terraced houses, residential lots and low-cost apartments in Klang.
Today, the group’s portfolio includes Casa Tiara, E-Tiara, Tiara Square Business Centre, First Subang, Subang Parkhomes and Subang SOHO in Subang Jaya and Mutiara Bukit Raja in Klang.
“Going forward, Titijaya is determined to continue building innovative, quality properties in the best locations, deliver our projects on time and provide excellent customer service to all of our customers,” says Lim.
Their developments are mainly consist of affordable housing project at prime location. Believe they still can stay afloat in this tough market condition. That's why the management buy back shares at daily basis
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....
1519378884747574
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Posted by 1519378884747574 > 2018-08-31 12:25 | Report Abuse
Yea will buy in