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COMPANIES >> T >> TAMBUN INDAH LAND BERHAD (5191)

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Share Price on 18 Sep 2014

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Market Capital (RM)
EPS (cent)
P/E Ratio
Par Value (RM)
NTA (RM)
Dividend (cent)
Dividend Yield (%)
Dividend Policy (%)
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


DateFinancial
Year
No. Financial
Quarter
Revenue
(RM,000)
Profit Before
Tax (RM,000)
Net Profit
(RM,000)
Earning
Per Share (Cent)
Dividend
(Cent)
NTA
(RM)
Trend
19/08/201431/12/2014230/06/2014127,96233,07125,4406.340.000.860 Malaysia Stock - KLSE Quarter Report History
28/04/201431/12/2014131/03/2014112,01935,28325,2886.410.000.850 Malaysia Stock - KLSE Quarter Report History
26/02/201431/12/2013431/12/2013118,40936,26222,0676.144.600.790 Malaysia Stock - KLSE Quarter Report History
19/11/201331/12/2013330/09/201397,05431,17517,2085.222.000.820 Malaysia Stock - KLSE Quarter Report History
19/08/201331/12/2013230/06/201382,60226,29413,9844.460.000.760 Malaysia Stock - KLSE Quarter Report History
24/04/201331/12/2013131/03/201378,32423,97711,7263.770.000.760 Malaysia Stock - KLSE Quarter Report History
21/02/201331/12/2012431/12/201275,47120,83811,2513.623.300.720 Malaysia Stock - KLSE Quarter Report History
27/11/201231/12/2012330/09/201276,64022,11010,9113.522.000.700 Malaysia Stock - KLSE Quarter Report History
16/08/201231/12/2012230/06/201278,84717,8849,4923.783.800.670 Malaysia Stock - KLSE Quarter Report History
22/05/201231/12/2012131/03/201265,98718,1549,1594.140.000.740 Malaysia Stock - KLSE Quarter Report History
23/02/201231/12/2011431/12/201156,09616,4199,1954.160.000.700 Malaysia Stock - KLSE Quarter Report History
23/11/201131/12/2011330/09/201147,3508,7613,2601.480.000.660 Malaysia Stock - KLSE Quarter Report History
12


DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
19/08/201431/12/201302/09/201404/09/201419/09/2014Final Dividend4.6000.00 Malaysia Stock -  Dividend
19/11/201331/12/201316/01/201421/01/201418/02/2014Interim Dividend2.0000.00 Malaysia Stock -  Dividend
01/08/201331/12/201227/08/201329/08/201312/09/2013Final Dividend3.3000.00 Malaysia Stock -  Dividend
17/01/201331/12/201223/01/201329/01/201326/02/2013Interim Dividend2.0000.00 Malaysia Stock -  Dividend
15/06/201231/12/201128/08/201230/08/201214/09/2012First and Final Dividend3.8000.00 Malaysia Stock -  Dividend
09/06/201131/12/201011/08/201115/08/201107/09/2011Interim Dividend4.6000.00 Malaysia Stock -  Dividend

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
20/04/201203/05/201207/05/201207/05/2012Rights Issue2 : 50.500 Malaysia Stock -  Bonus/Rights Issue


TAMBUN INDAH LAND BERHAD (5191)
okass87 08 Sep 2014, 02:50 PMPost #82
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1H14 Results and Corporate Update - Aug 2014

http://tambunindah.investor.net.my/wp-content/uploads/2014/09/Tambun_2Q14_ResultsSlides_Final_2in1.pdf
alpacino 01 Sep 2014, 07:51 PMPost #81
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Boleh tahan Tambun thumbup
okass87 10 Aug 2014, 11:59 AMPost #80
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TAMBUN INDAH LAND BERHAD
okass87 14 Jul 2014, 06:13 PMPost #79
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Tambun Indah Land - Land Deal Sealed


http://klse.i3investor.com/servlets/ptres/24085.jsp
okass87 25 Jun 2014, 12:48 PMPost #78
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恒大置地 每股资产值上调

http://www.nanyang.com/node/630633?tid=709
okass87 22 Jun 2014, 03:15 PMPost #77
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Tambun Indah optimistic on property sector, aims RM294mil in GDV in 2014

KUALA LUMPUR: Leading property developer in mainland Penang, Tambun Indah Land Bhd has four residential projects launched in the first half of this year with total gross development value (GDV) worth RM294.9mil with a taken-up rate of 49.3% to date.

Tambun Indah’s GDV for both newly launched projects and on-going projects is worth RM1.1bil, it said in a statement on Friday.

Its first quarter ended March 31, 2014 net profit was RM25.3mil compared to RM11.7mil of the same quarter last year.

Its group revenue also jumped 43% to RM112mil compared to RM78.3mil a year ago.

This financial performance is due to higher progress billings and new taken-ups of the on-going projects.

Tambun Indah managing director Teh Kiak Seng said that a continual sustained demand would be seen through out the year for the company due to a high inflow of foreign direct investment (FDI) into the mainland.

Moreover, the collaboration between Singapore soverign fund Temasek Holdings Pte Ltd and Penang Development Corporation to develop the Penang International Technology Park and Business Process Outsourcing Prime with a estimated GDV of 11.3bil would be a contributor to an inflow of FDI.

Teh said he is optimistic on the Penang property sector as he expects growing employment opportunities, which would have a positive impact on the demand for homes.

On the other hand, shareholders approved a single final dividend of 4.6 sen per share compared to two sen per share for the earlier interim dividend.

The company would have paid a total of 6.6 sen per share amounting to RM26.7mil signifying 40.8% dividend payout ratio of financial year 2013.

This is in tandem with its dividend policy of paying minimum 40% to 60% of net profit to its shareholders.

Tambun Indah is the pioneer of bringing innovative property concepts in Penang such as first gated and guarded community from which it enjoys full take-up rates for its properties.

http://www.thestar.com.my/Business/Business-News/2014/06/20/Tambun-Indah/
okass87 22 Jun 2014, 03:12 PMPost #76
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恆大置地 看好發展總值11億計劃

(吉隆坡20日訊)位于檳城房地產發展商領導地位的恆大置地(TAMBUN,5191,主要板房產)續看好發展總值達11億令吉可獲得市場良好反應,這包括新推出的房產計劃。

 恆大置地今日發布文告指出,首半年已在檳城推出4項發展總值達近3億令吉的住宅計劃,分別為Camellia Park、Taman Bukit Residence、Permai Residence和Pearl Harmoni。截至目前,認購率已達致49.3%。

 恆大置地董事經理鄭克生透過文告指出,看好消費者對可負擔和高品質的房屋需求將不斷走高,因此很有信心認購率可持續增加。

 “我們的未來前景依然光明,擁有低槓桿比率提供更大空間讓我們擴展土地儲備,同時擁有充足的營運資金推出更多新房產項目。”

http://www.chinapress.com.my/node/536858
okass87 22 Jun 2014, 03:10 PMPost #75
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Tambun seeks land outside Penang

PENANG property developer Tambun Indah Land Bhd is looking to expand its landbank outside the state.

Its managing director Teh Kiak Seng yesterday said it is on the lookout for land in the outskirts of the Klang Valley with an eye on developing townships.

“We are always on the lookout for land and ideal locations would be areas like Rawang, Kajang and Banting,” he said after Tambun’s annual general meeting, here.

The firm, which has 271.5ha (of which 218.7ha is undeveloped), has seen encouraging response since the beginning of the year for its ongoing projects that have a gross development value (GDV) of RM1.1 billion, including newly-launched projects.

“We are heartened by the warm response from our new projects from both Penangites and out-of-state buyers, largely due to the visibility and close proximity to the newly-opened Sultan Abdul Halim Muadzam Shah Bridge.”

Tambun launched four residential projects on mainland Penang during the first half of this year with a RM294.9 million GDV and take-up rate of 49.3 per cent to date.

For first quarter ended March 31, the company recorded a net profit of RM25.3 million compared with RM11.7 million a year ago. Group revenue rose 43 per cent to RM112 million from RM78.3 million a year ago.

This is due to higher progress billings and new take-ups of the ongoing projects, Teh said.

Yesterday, shareholders approved a single-tier final dividend of 4.6 sen per share.

In addition to the earlier interim single-tier dividend of two sen per share, Tambun would have paid a total dividend of 6.6 sen per share, or RM26.7 million, translating to 40.8 per cent dividend payout ration in respect of its 2013 fiscal year.

This is in line with firm’s dividend policy of paying a minimum 40 per cent to 60 per cent of net profit to shareholders.

http://www.nst.com.my/node/4756
wow123 12 Jun 2014, 05:15 PMPost #74
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QUOTE=ymFR @ 12 Jun 2014, 03:46 PM


Bro is TAMBUN good for another couple of weeks

Bro , I have mentioned here by last week and than they pull off all their advertisement they had Why ? Somenthing weird right. Hehehehe , Please go to butterworth ask around neigbourhood and how is the situation over there. Went there is holiday you can image over there internation bro standing besides the road shoulder. One thing must you that tell they are going to built labour cottage appartment (half mil bro) for internation bro to stay and having fun (party) nearby only not far aways. Cheer
ymFR 12 Jun 2014, 03:46 PMPost #73
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QUOTE=wow123 @ 08 Jun 2014, 06:40 PM
Bro , Usually report , statistics & analysis is look very good and just for guild only , but in actual fact you must known & go around the site and ask the existing buyer or survey , my friends had told me that he can't hold for long , so he decided rent out to Bangladesh to stay (10-20 ...


Bro is TAMBUN good for another couple of weeks
wow123 08 Jun 2014, 06:40 PMPost #72
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Bro , Usually report , statistics & analysis is look very good and just for guild only , but in actual fact you must known & go around the site and ask the existing buyer or survey , my friends had told me that he can't hold for long , so he decided rent out to Bangladesh to stay (10-20 person/house no choice because nearby factory at bukit minyak industrial park & batu kawan science & halal park. In other hand it look very unusual ,
if you want to invest and you must think twice ! you known batu maung also same problem , demand that great at this time ? you must ask yourself first. Now government agency has started block some buyer who bought more than 4 unit must register to Ministries of Housing Department and imposed tax 2 % in penang.
ILoveDividend 08 Jun 2014, 05:35 PMPost #71
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QUOTE=wow123 @ 08 Jun 2014, 01:58 PM
Please lah all investor refer news paper on advertisement section sell house ,like
1. DAHLIA PARK CONDO (DISCOUNT RM9800) - ALMOST 6 MONTH AFTER OC OBTAINED.
2. DOUBLE STOREY TERRACE HOUSE (DISCOUNT RM24800)
3. PEARL HARMONI CONDO(DISCOUNT RM8000)
4. GATED 3 STOREY TERRACE (DI...

Bro, do you mean it is not selling as good as reported? Please share you view. notworthy
wow123 08 Jun 2014, 01:58 PMPost #70
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Please lah all investor refer news paper on advertisement section sell house ,like
1. DAHLIA PARK CONDO (DISCOUNT RM9800) - ALMOST 6 MONTH AFTER OC OBTAINED.
2. DOUBLE STOREY TERRACE HOUSE (DISCOUNT RM24800)
3. PEARL HARMONI CONDO(DISCOUNT RM8000)
4. GATED 3 STOREY TERRACE (DISCOUNT RM19800)
5. DOUBLE STOREY SHOPHOUSE (DISCOUNT RM9200~ SELL PRICES RM458K)OC OBTAINED.
6. MORE COMING

PLS REFER NEWS PAPER SIN CHEW DAILY (NOTHERN EDITION) 08-06-2014.

Think about this !
wow123 08 Jun 2014, 01:58 PMPost #69
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---Deleted---
okass87 06 Jun 2014, 07:20 PMPost #68
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低价买地受看好 恒大置地可保35%赚幅

http://www.nanyang.com/node/626313?tid=462
okass87 06 Jun 2014, 07:18 PMPost #67
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Tambun Indah expanding landbank

http://www.thestar.com.my/Business/Business-News/2014/06/05/Tambun-Indah-expanding-landbank-It-proposes-RM150mil-acquisition-in-Seberang-Prai/
okass87 05 Jun 2014, 10:00 PMPost #66
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Tambun Indah - Pearl City expansion to 2020 and beyond

http://klse.i3investor.com/servlets/ptres/23612.jsp
okass87 05 Jun 2014, 09:58 PMPost #65
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Tambun Indah Land - The Largest Listed Land Owner In Penang Mainland

http://klse.i3investor.com/servlets/ptres/23605.jsp
okass87 05 Jun 2014, 09:54 PMPost #64
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恆大置地躋身檳城地王

http://biz.sinchew.com.my/node/96398
ILoveDividend 05 Jun 2014, 09:32 AMPost #63
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RHB Research maintains Buy on Tambun Indah, raises fair value to RM3

KUALA LUMPUR (June 5): RHB Research has maintained its Buy rating on Tambun Indah Land Bhd at RM2.07 with a higher fair value of RM3 (from RM2.50) after Tambun Indah (Tambun) received a letter of acceptance of offer for the proposed acquisition of 209.54 acres of freehold land from TPPT for a purchase consideration of RM150 million.

In a note Thursday, the research house said Tambun Indah’s new 209.5-acre land adjacent to its existing Pearl City township was a big re-rating catalyst for the stock as: i) the company will emerge to be the largest listed land owner in Penang mainland; ii) its total GDV could potentially be boosted by 34% or MYR1-1.3bn; and iii) it eases investors’ concern on depleting landbank and hence long-term sustainable growth.

“Maintain Buy with new RM3.00 fair value,” it said.

http://www.theedgemalaysia.com/business-news/292997-rhb-research-maintains-buy-on-tambun-indah-raises-fair-value-to-rm3.html
okass87 04 Jun 2014, 10:52 PMPost #62
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恆大置地斥1.5億購土地

(檳城4日訊)為擴充綜合發展區珍珠城(Pearl City),發展商恆大置地(TAMBUN,5191,主要板房產)子公司計劃以1.5億令吉收購面積達209英畝的土地。

 恆大置地今日向馬證交所報備指出,旗下Palmington私人有限公司將向國家銀行子公司廢置房屋計劃基金私人公司(TPPT Sdn Bhd), 收購位于靠近珍珠城的27塊土地。

 報備文告指出,上述收購交易還需尋求股東批准,並計劃透過內部融資和貸款籌措資本收購上述土地。

 恆大置地董事經理鄭克生另外透過文告指出:“我們目前積極尋找合適的土地以進一步擴充珍珠城,收購總面積達209英畝的土地可提振公司身為檳城主要發展商的地位。”

 他指出,完成收購上述土地后,公司正發展和未開發地庫將從635英畝增加至844英畝。

http://www.chinapress.com.my/node/532214
ILoveDividend 04 Jun 2014, 09:22 AMPost #61
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Net profit for FY2014 should be around RM100mil. So, EPS about RM0.24 (RM100/404mil shares). So, based on the minimum 40% dividend policy, we could expect 9.6 cents for FY2014. Not less than 7 cents should be declared for the final dividend. wub
okass87 29 Apr 2014, 08:47 PMPost #60
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http://www.nanyang.com/node/617487?tid=462
ILoveDividend 29 Apr 2014, 04:40 PMPost #59
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QUOTE=ILoveDividend @ 16 Apr 2014, 09:14 AM
Target Price: MYR2.50

Tambun Indah, a pure Penang mainland play, is still the prime beneficiary of investment inflows in Batu Kawan. Despite the recent share price re-rating, its current market cap implies a land value of MYR28 psf for its 600-acre land in Pearl City, vs the cur...


Good result but share price cannot move up anymore.
ILoveDividend 16 Apr 2014, 09:14 AMPost #58
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Target Price: MYR2.50

Tambun Indah, a pure Penang mainland play, is still the prime beneficiary of investment inflows in Batu Kawan. Despite the recent share price re-rating, its current market cap implies a land value of MYR28 psf for its 600-acre land in Pearl City, vs the current market price of MYR40-45 psf. Upside remains, as prices will be driven further by Eco World, IJMLD and Mah Sing. Maintain BUY, with a new MYR2.50 FV

Investor interest surges. As expected, investor interest on Tambun Indah has surged substantially, driven by the IKEA news flow and upcoming investments that will take place in Batu Kawan. We urge investors to watch out for more news flow over the next few months, including the award of tenders for a golf course and theme park land, and an investment involving a Singapore Government-linked company.

Implied land value yet to reflect market value. Based on Tambun Indah’s current market cap (and minus net cash), the implied value for its remaining 600 acres in Pearl City is only MYR28 psf, while the current market price for land parcels in Seberang Perai Selatan is going at MYR40-45 psf and Batu Kawan at MYR45-55 psf. The land value in Seberang Perai Selatan has probably jumped by 200-250% over the past two years, and we believe the uptrend will continue, stimulated by rising investment inflow in Batu Kawan. The growth trajectory is expected to be similar to what we saw in Iskandar Malaysia, where land prices leapt 3-5x over a period of 4-5 years.

Launching Raintree Park soon. Raintree Park is slated for launch in May and registrations have already started. Phase 1 (GDV MYR140m) comprises linked semi-ds, semi-Ds, terrace homes and townhouses, with prices ranging from MYR300k-530k. We expect brisk sales for this project, given the impressive designs and decent pricing, as well as the upcoming amenities – GEMS international school in Pearl City and a business hub in Batu Kawan. We are confident that price points for mainland properties will rise further when the bigger boys such as Eco World (ECW MK, NR), IJM Land (IJMLD MK, BUY, FV: MYR3.70) and Mah Sing (MSGB MK, BUY, FV: MYR2.44) start their launches there.

Reiterate BUY. Given the upside to land and property prices, we raise our FV to MYR2.50 (from MYR2.20), on par with the stock’s RNAV (from a 10% discount to RNAV), after adjusting our GDV assumptions. This should better reflect the land market value. The implied FY15 P/E based on our new FV is still reasonable at 8.8x.

Source: RHB
okass87 15 Apr 2014, 09:04 PMPost #57
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Tambun Indah Land - Prime Beneficiary Of Investments In Batu Kawan


http://cdn1.i3investor.com/my/files/dfgs88n/2014/04/15/1480245277--1036728571.pdf

okass87 15 Apr 2014, 08:58 PMPost #56
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二橋帶動峇都加灣發展 檳房產股備受看好


http://www.chinapress.com.my/node/517649

okass87 28 Feb 2014, 10:24 PMPost #55
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末季净利扬96% 恒大置地派4.6仙
财经新闻
财经
2014-02-28 10:42


(吉隆坡27日讯)恒大置地(TAMBUN,5191,主板产业股)2013财年全年净利上扬59.22%至6498万6000令吉,上财年为4081万3000令吉。
全年营业额也从上财年的2亿9670万8000令吉,上升26.85%至3亿7638万9000令吉。
末季净利则上升96%至2206万7000令吉,营业额扬57.38%至1亿1840万9000令吉。
截至去年杪,该公司未入账销售为4亿5540万令吉,相信会对公司未来2至3年盈利带来正面贡献。
此外,恒大置地也建议派发每股4.6仙终期股息,全年共派出2600万令吉股息,符合公司40至60%股息政策。

http://www.nanyang.com/node/602815?tid=462

okass87 27 Feb 2014, 10:10 PMPost #54
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Highlight: Tambun Indah in fast lane despite slowdown

http://www.theedgemalaysia.com/highlights/277305-highlight-tambun-indah-in-fast-lane-despite-slowdown.html
okass87 27 Feb 2014, 10:06 PMPost #53
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Tambun Is Simply Indah

http://bursadummy.blogspot.com/2014/02/tambun-is-simply-indah.html

okass87 27 Feb 2014, 10:06 PMPost #52
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产业市场虽放缓 恒大置地放眼5亿销售

产业市场虽放缓 恒大置地放眼5亿销售

二零一四年二月二十六日 晚上九时十六分


http://www.kwongwah.com.my/news/2014/02/26/128.html

(吉隆坡26日讯)尽管产业领域销售放缓,恒大置地有限公司(TAMBUN,5191,产业组)放眼在截至2014年12月31日止现财政年度,录得5亿令吉的目标销售额,因它将推介总值6亿令吉的产业。

上述数字稍高于去年创下的5亿令吉推介。

该产业发展商也预期,拜预测双位数收益成长所赐,2014财政年的盈利更佳。

恒大置地的旗舰发展是位于槟城北海的珍珠城计划。

该公司于截至2013年9月30日止首9个月录得4292万令吉净盈利,已经超过2012财政年全年的4081万令吉。

上述期间的收益则达2亿5798万令吉。

恒大置地董事经理郑克生透露,今年内,该集团将于大山脚推介一项称为Taman Bukit Residence的新计划,以及现有珍珠城的额外阶段。它们将拥有2层和3层商店办公室以及2层排屋。

“我们也将于4月开始在1100英亩珍珠城内,占地107英亩(43.3公顷)商业园的购物广场工程。首阶段面积29万平方尺将在一年内建竣,而次阶段则将占地30万平方尺。”

恒大置地之后将于6月展开其旗舰城镇的首间国际学校建筑工程。

郑克生说:“它将在9月于临时校舍首次开始招生,但GEMS国际学校将在2015年9月才全面完工。”

首阶段将可容纳1500名学生,但在全面建竣后,该校最终将可迎合高达2800名学生。

“GEMS国际学校将是槟城最大的国际学校。目前,槟岛共有6间国际学校,但在北海则没有。”

郑克生表示,该集团也策划在珍珠城兴建一座医疗中心。

他称:“我们现在着手细节策划,这间医疗中心将透过与一个医疗团队的联营进行。我们希望可在明年初落实。”

郑克生指出,国内的整体房屋活动已经开始略放缓,因政府在2014年财政预算案中实行了降温措施,如较高额的实业盈利税等。

不过他认为,放缓对行业将是‘良好’的,只要它不会爆发危机。

“我们已在1999年面对一次房产繁华,令一些地区如槟岛和吉隆坡的房屋价格攀至过高。因而,放缓将有利于房屋市场,因它将看到一些价格调整。”

据郑克生称,槟岛双层排屋的平均价格为80万令吉,但珍珠城的平均房价只有约40万令吉。

“珍珠城半独立房屋售价60万令吉,比较在岛上,它将耗资约160万令吉。因此,我们有信心可达到2014财政年的销售目标。”

他预测,市场将会在未来2年放缓,但“我不认为将会出现房屋泡沫”。

http://www.kwongwah.com.my/news/2014/02/26/128.html

wow123 03 Feb 2014, 07:48 PMPost #51
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QUOTE=okass87 @ 03 Feb 2014, 12:27 PM

Forbes Asia 1/29/2014 @ 10:00AM

Malaysia's Teh Kiak Seng Builds Affordable Housing
This story appears in the February 10, 2014 issue of Forbes Asia.

By Noelle Lim

At 63 Teh Kiak Seng still wakes up early in the morning to inspect the construction pro...

We known their history GTP consulants and than JV with taiwanese guy but they never show up faces , But do you known after sales ? , According their house over there still settlement in between floor level and car porch road level. My friends has bought one unit double storey terrace house in tambun indah. Report can real or bull shit. Tongkah holding Berhad our Loh Mah son mah shi going bye bye close shop and delisted.
wow123 03 Feb 2014, 07:47 PMPost #50
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QUOTE=okass87 @ 03 Feb 2014, 12:27 PM

Forbes Asia 1/29/2014 @ 10:00AM

Malaysia's Teh Kiak Seng Builds Affordable Housing
This story appears in the February 10, 2014 issue of Forbes Asia.

By Noelle Lim

At 63 Teh Kiak Seng still wakes up early in the morning to inspect the construction pro...

We known their history GTP consulants and than JV with taiwanese guy but they never show up faces , But do you known after sales ? , According their house over there still settlement in between floor level and car porch road level. My friends has bought one unit double storey terrace house in tambun indah. Report can real or bull shit. Tongkah holding Berhad our Loh Mah son mah shi going bye bye close shop and delisted.
okass87 03 Feb 2014, 12:27 PMPost #49
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Forbes Asia 1/29/2014 @ 10:00AM

Malaysia's Teh Kiak Seng Builds Affordable Housing
This story appears in the February 10, 2014 issue of Forbes Asia.

By Noelle Lim

At 63 Teh Kiak Seng still wakes up early in the morning to inspect the construction projects of his company, Tambun Indah. The low-profile property outfit in Malaysia’s Penang state emerged as one of the Forbes Best Under A Billion smaller firms in 2013. From 2007 to 2012 its revenue and pretax earnings each had grown almost 25% on a compounded annual basis. Compared with 2012, in the first nine months of 2013 sales were up 16% while earnings grew 40%.

Most of this growth comes from its Pearl City project, situated on 1,100 acres in Seberang Perai on the mainland side across from Penang Island. Tambun accounted for 14% of the total number of homes sold in 2012 (latest data) in that area, which makes it a significant player there, according to real estate analysis by the Henry Butcher firm. Once Pearl City is completed it will be one of the biggest townships there, serving neighboring industrial parks. Seberang Perai has the longest industrial belt in the country, stretching 21 kilometers, and is home to multinationals like Honeywell and Dell . It is next to Bayan Lepas Free Industrial Zone, Asia’s early Silicon Valley, and is the production hub for semiconductor companies like Intel INTC -0.85% and Western Digital WDC -0.91%.

Teh saw the potential in Seberang Perai while others were building homes on the island, considered the more cultured and affluent side of Penang. It was an easier story to peddle as the old capital enjoyed a renewal in recent years, but Teh, who grew up on the mainland, held out for better land deals. He says, “Land on the island has become very expensive to acquire and develop. Young families would be looking for more affordable housing. That would be in Seberang Perai, where there are jobs.”

Tambun bought its first parcel of land in Pearl City for only $3.11 a square foot in 2008. A recent nearby purchase of 50 acres for $12.44 a square foot was made by Eco World, which is linked to Liew Kee Sin, a veteran property developer who led the takeover of the iconic Battersea Power Station in London. On Penang Island parcels are going for $37 to $47 a square foot, says Fook Tone Huat, an associate director at Henry Butcher.

Teh foresaw spinoff interest after noting resurging interest in Penang. In 2008 the island’s capital, George Town, was designated a Unesco World Heritage site for its architecture and history, which can be traced back to its status as a bustling port in the 18th century under British administration. It was then known as the Pearl of the Orient .

The year 2008 also witnessed a landmark general election for Malaysia. The incumbent federal coalition Barisan Nasional (National Front) lost two key states, Penang and Selangor, to the opposition after decades of rule. The states are the country’s most industrialized, with sizable ethnic Chinese populations. The new chief minister, a former accountant, went on a blitz to clean up state tender processes, trim spending and court investors. Buoyed by renewed optimism, property developers flocked to build million-dollar homes on the island.

The opposition maintained its grip on Penang and Selangor in the 2013 elections. Teh says, “The state government has been working hard, and there are more jobs for youngsters.” The Malaysian Investment Development Authority reported that from 2008 to 2012 Penang saw $8.4 billion worth of projects, second after Selangor (surrounding Kuala Lumpur) at $10 billion and just ahead of much promoted Johor in the south, $7.6 billion.

Connectivity is also improving. A second bridge, measuring 24km, linking the island and mainland, and a modern railway track in Seberang Perai are due to open in 2014. A train ride to the KL metropolis would take only three hours.

According to Teh, it’s not easy to acquire sizable land parcels in Seberang Perai because so many plots have been subdivided by moneyed families over generations. But in 2008 Teh’s reputation in the area led to a contact from Nadayu Properties to jointly develop land it owned, now Pearl City. Tambun Indah bought out Nadayu, resulting in it emerging as a 14% shareholder in the former.

Pearl City will comprise 11,000 homes as well as offices, light industrial plants, a retirement village, a village for furniture makers and a shopping mall. An international school, GEMS from Dubai, is expected to open in 2015. “The quality of Tambun’s properties is slightly above average,” Fook says.

Of the 1,100 acres of land roughly a third remains to build out. All in all the development should translate to pretax earnings of more than $187 million over the next six to seven years, according to a company estimate.

It was by chance Teh became a property developer. He was a civil engineer who’d designed and built 100 factories across the country. One was Dell’s assembly plant in Penang (also another in China’s Xiamen). In 1994 Tsai Yung Chuan, a client and Taiwanese businessman who operates an industrial fastener factory in Penang, asked Teh to jointly purchase and develop 101 acres of land in Seberang Perai. Tambun was incorporated with them as equal shareholders. Teh says, “The bank would not have lent me the money [for the parcel] had Mr. Tsai not guaranteed the loan.” In the latest filings Tsai’s shareholding is down to 8.5%, while Teh holds 38.4%, worth $67 million.

Tambun’s first project was gated housing. Teh says, “People told me I was mad to build bungalows on the mainland when it was more popular to stay on the island. To succeed we had to offer something different, which was big bungalows and a guarded community. Nobody was building quality homes in this area.” Those homes more than doubled in price from 1995 to 2012, to $286,000, according to Henry Butcher. Today Tambun’s residential units, aimed at middle-class buyers, are mostly priced below $187,000.

Teh, however, cautions that there could soon be a slowdown in housing demand in Penang. “But I believe we can overcome this as most of our projects are priced within what the general public can afford,” he says. “We have overcome the Asian financial crisis, which was severe, the dot-com crisis and the global financial crisis.” The company keeps a net cash position. Teh says his conservatism stems from growing up in a poor family.

He is the third of 12 children. In the runup to the Communist revolution his father fled China in the 1940s and settled in Penang as a storekeeper for his brother, who had arrived years earlier. After completing secondary school Teh followed a family friend to work in a construction site in Bertam, a remote island in Indonesia. That was his first taste in construction.

http://www.forbes.com/sites/forbesasia/2014/01/29/malaysias-teh-kiak-seng-builds-affordable-housing/

wow123 30 Jan 2014, 11:08 AMPost #48
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You are wrong base on my cousin told me that S.P.U.,S.P.T.& S.P.S this area would not increase as much as island , for example in mindland the reason is feel , environment(dust,fly & bug),heavy traffic , alot foreigner went holiday time and also stay there , Security problem , these are factor have to consider. Also do you known batu kawan there area has been like dessert & foreigner haven and even my bro bought one 1 unit there but finally rented out to bagala , not much choice. Good luck guy.
ILoveDividend 11 Jan 2014, 07:21 AMPost #47
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QUOTE=okass87 @ 10 Jan 2014, 09:48 PM

GEORGE TOWN, Jan 10 ― Popular Swedish home furnishing store IKEA is expected to open at a planned shopping mall in Batu Kawan in mainland Penang, state chief minister Lim Guan Eng said today.

Planning permits for the store, Malaysia’s first outside Kuala Lumpur, is expected by the e...


This is really a fantastic news to Tambun. Property price definitely will be getting more and more expensive in that area and profit margin of Tambun will continue doing well. Tambun will be a good growth stock for coming few years. thumbup
okass87 10 Jan 2014, 09:48 PMPost #46
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GEORGE TOWN, Jan 10 ― Popular Swedish home furnishing store IKEA is expected to open at a planned shopping mall in Batu Kawan in mainland Penang, state chief minister Lim Guan Eng said today.

Planning permits for the store, Malaysia’s first outside Kuala Lumpur, is expected by the end of the year or at the start of 2015 and construction is expected to take about 5 years, indicating an opening date in 2020.

“There had been talk of an IKEA store opening here since 2007 but it never took off so finally, now, we will have an IKEA store here,” Lim said.

The new mall and the IKEA store are part of plans to develop Batu Kawan as the 24km second Penang bridge which connects the town to Batu Maung on Penang island opens to traffic soon.

In the last few months, Lim has announced several other development projects slotted for Batu Kawan, including a RM1 billion project consisting of an upmarket outlet shopping mall, a 300-room international-class hotel and a branch campus of Britain’s University of Hull.

Ikano Pte Ltd, the franchisee for IKEA in Malaysia, Singapore and Thailand, formed a joint venture with local company, Aspen Vision Land Sdn Bhd, to develop the integrated shopping mall in Batu Kawan, with IKEA as anchor tenant.

The joint venture company, Aspen-Ikano, bought the 245 acres of land from state agency, Penang Development Corporation for RM483.95 million.

The IKEA store and the first phase of the shopping mall will take up 30 acres while another 45 acres is to be set aside for phase two of the shopping mall and the remaining 170 acres for mixed development.

- See more at: http://www.themalaymailonline.com/money/article/ikea-to-open-in-batu-kawan-in-penang#sthash.LGiUblzw.dpuf

CNY2012 04 Jan 2014, 12:59 PMPost #45
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RHB Research maintains Buy on Tambun Indah

KUALA LUMPUR: RHB Research has maintained its Buy call on Tambun Indah with a fair value of RM2.08 after the group announced that it would build an international school in Penang.

In a note on Thursday, RHB said it continues to hold its positive view on Penang mainland, as more investments are expected to flow in next year, with Tambun Indah as the key beneficiary.

“Tambun Indah has entered into an agreement with GEMS Maju SB to construct a campus on an eight-acre site and, thereafter, lease it to the latter for 30 years.

“While the construction of Ph. 1 will cost TILB MYR38m, GEMS Maju will invest another RM32mil for the campus fittings that comply with specific requirements.

“Phase one will have a built-up area of 200k sqf, and according to the management, the rental for the first eight years is fixed at 8% of construction costs plus 4% of land value. From the ninth year onwards, there will be a step-up of 2% annually.

“This translates to about RM3.5mil yearly, or an attractive 7% yield, based on the net market value of RM35 psf, after a RM5 psf discount for the land,” it said.

It added while the recurring income is not substantial, the property assets are important to add value and spur demand for the township.

“Mainland Penang will see more investments flowing in next year, and Tambun Indah is a good proxy for mainland play,” it said.
okass87 01 Jan 2014, 05:34 PMPost #44
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RHB Research maintains Buy on Tambun Indah

KUALA LUMPUR: RHB Research has maintained its Buy call on Tambun Indah with a fair value of RM2.08 after the group announced that it would build an international school in Penang.

In a note on Thursday, RHB said it continues to hold its positive view on Penang mainland, as more investments are expected to flow in next year, with Tambun Indah as the key beneficiary.

“Tambun Indah has entered into an agreement with GEMS Maju SB to construct a campus on an eight-acre site and, thereafter, lease it to the latter for 30 years.

“While the construction of Ph. 1 will cost TILB MYR38m, GEMS Maju will invest another RM32mil for the campus fittings that comply with specific requirements.

“Phase one will have a built-up area of 200k sqf, and according to the management, the rental for the first eight years is fixed at 8% of construction costs plus 4% of land value. From the ninth year onwards, there will be a step-up of 2% annually.

“This translates to about RM3.5mil yearly, or an attractive 7% yield, based on the net market value of RM35 psf, after a RM5 psf discount for the land,” it said.

It added while the recurring income is not substantial, the property assets are important to add value and spur demand for the township.

“Mainland Penang will see more investments flowing in next year, and Tambun Indah is a good proxy for mainland play,” it said.


okass87 26 Dec 2013, 09:50 PMPost #43
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Tambun Indah to build international school

Tambun Indah Land Bhd will construct a RM38 million International school in its flagship township, Pearl City in Penang.

The property developer will lease the school, GEMS international, to its operator, GEMS Maju Sdn Bhd, for 30 years.

In a statement, Tambun Indah said GEMS International school was
slated to open in mid-2015 and GEMS Maju intended to invest a further RM32 million to equip the campus with necessary amenities and facilities.

Managing director Teh Kiak Seng said the international school
development was timely given the area's ongoing robust economic activity driven by numerous foreign direct investments.

"The establishment of an international campus within Pearl City – indeed, the first international school in mainland Penang – will certainly raise the profile of the township, as well as, enhance the vibrancy of our business park," he was quoted as saying in the statement.

Construction of the campus, targeted to commence early next year and estimated to complete in mid-2015, will be built on a 3.24-hectare piece of land in Pearl City Business Park, with a built-up area of approximately 18,580 sq metres.

The campus would be able to accommodate a student population of 1,400 under the first phase, with plans to increase its capacity to 3,000 students in subsequent phases.

The first intake would begin in September 2015.-- Bernama

okass87 26 Dec 2013, 09:50 PMPost #42
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恆大置地 檳Pearl City建国际学校


(吉隆坡26日讯)恆大置地(TAMBUN,5191,主板產业股)宣布,与GEMS Maju私人有限公司(GEMS)达成协议,將在檳城的Pearl City发展项目中,兴建一所国际学校,建筑成本约3800万令吉。

GEMS Maju私人有限公司是GEMS国际学校大马经营者,在GEMS的协助下,恆大置地將负责该国际学校的设计及建筑工程,完成之后,將把校舍出租予GEMS,租用期为30年。GEMS將投资3200万令吉在校园的设施及装备。这家国际学校预计將在2015年中开始运作。

GEMS国际学校將建筑在一片8英亩的土地,建筑面积大约是20万平方尺。

恆大置地董事经理郑克生表示,鑑于檳城强劲的经济活动,部份是来自海外直接投资,该公司认为设立国际学校是合时宜的,迎合更多企业外派员家庭的需求。另外,此国际学校无疑將提升Pearl City的价值,以及让其商业园朝气蓬勃。

提升估值

拉昔胡申研究分析员表示,根据该公司指出,首8年的租金为建造费用的8%,加上土地价值的4%,而自第9年起,每年將增加2%。以此推算,每年的租金为350万令吉,或具吸引力的7%收益率。

分析员透露,继2013年签署联营发展购物中心的项目后,该国际学校项目是Pearl City商业园的第二个项目。这项商业园的部份土地也被划为建设医疗中心用途。

虽然该国际学校项目对恆大置地带来的经常性收益不多,但好处是提升Pearl City的价值及刺激这地区的產业需求。目前PearlCity仅有一家华文国民型小学,邻近並没有其他的国际学校。

该国际学校將是GEMS在大马第一间学府,该学校將提供英国课程项目,让学生参与国际中等教育普通文凭(IGCSEs)及大学先修课程(A Level)。此外,该校园于第一期可容纳的学生人数为1400人,计划在第2期將增加至3000人。预计该国际学校的第一批学生將于2015年9月入学。

分析员维持该公司的盈利预测,但持续看好檳城发展,因预测明年將有更多的投资流入檳城,而恆大置地將是主要的受益者。因此,该分析员维持恆大置地「买进」投资评级,及2.08令吉目標价格。
[東方日報]


okass87 07 Dec 2013, 04:08 PMPost #41
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If next quarter next profit remain as current quarter performance, dividend estimated will be around 4-5 cent.
changccs 06 Dec 2013, 09:56 PMPost #40
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next quarter results and dividend will be very very good. hold tight tight till next financial quarter !!!
ILoveDividend 20 Nov 2013, 09:29 AMPost #39
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Fantastic report thumbup
Unbill sale increase to RM518mil. Looking forward for more dividend. wub
ILoveDividend 17 Nov 2013, 05:21 PMPost #38
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QUOTE=okass87 @ 25 Aug 2013, 11:39 PM

檳州發展商機增 恆大置地獲上修目標價

財經股市20 Aug 2013 22:04

 (吉隆坡20日訊)恆大置地(TAMBUN,5191,主要板房產)次季業績符預期,檳州政府針對休閒發展項目征收發展建議書,料進一步推高檳島發展潛能,券商維持佳評並上修目標價。

業績利好發酵,恆大置地今早在逆市中揚4仙,以1.58令吉迎市,盤中一度揚5仙至1.59令吉。
但投資者趁高套現,該股在接近休市時開始陷跌,休市跌4仙至1.50令吉,成交量有187萬3800股。
閉市時,恆大置地報1.52令吉,跌2...


购地扶持高赚幅 恒大扩大珍珠城发展总值

(吉隆坡16日讯)恒大置地(TAMBUN,5191,主板产业股)新购的24.1英亩地皮,接近其市镇发展项目———珍珠城(Pearl City),这不仅能够扶持公司取得高盈利赚幅,亦能够把珍珠城的发展总值额外扩大1.2亿至1.3亿令吉。

日前,恒大置地宣布,60%股权子公司Palmington私人有限公司,以1470万令吉收购位于槟城威省南部占地接近24.1英亩的地皮。

这项收购案将通过内部融资及债务进行,并预计在2014年首季完成。

兴业研究对于管理层持续在槟城威省扩大市占率的行动感到正面。

他们指,这项收购价相等于每平方尺14令吉,这比公司目前在珍珠城的混合平均账面成本的18令吉还低。

比市价便宜

此外,由于这块地皮不能通向其他地方,必须途径恒大置地原有的地皮,所以收购价也比市价便宜。

也因此,公司可把盈利赚幅维持在高水平的33%至37%。

此外,这新购地皮亦能够把珍珠城的发展总值扩大1.2至1.3亿令吉,让整个计划的发展总值达28亿令吉。

政府打房影响微

由于珍珠城大部分买家都是为了自己居住,所以政府在2014年预算案公布的打房措施,对恒大置地的影响很小。

目前,公司仅有1%至2%的海外买家。

此外,槟城威省的成长前景企稳,即将在2014年初启用的槟城第二大桥、海外及国内投资带动就业机会增加、政府在峇都加湾推动的发展计划,以及大型业者收购地皮等,持续成为该股主要催化剂。

分析员维持恒大置地的投资评级为“买入”,目标价格提高至2.05令吉

他补充,近期股价下跌是买入该股的好时机。
CNY2012 17 Sep 2013, 03:05 PMPost #37
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QUOTE=whassupkumar @ 01 Sep 2013, 11:07 PM
Will go up again i think.. any comments?


A good sharing about TAMBUN.

http://tradertoinvestor.blogspot.com/2013/09/my-stock-tambun-5191.html
whassupkumar 01 Sep 2013, 11:07 PMPost #36
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Will go up again i think.. any comments?
CNY2012 28 Aug 2013, 03:59 PMPost #35
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QUOTE=okass87 @ 26 Aug 2013, 10:20 PM

1H Investor Presentation

http://tambunindah.investor.net.my/wp-content/uploads/2013/08/Tambun_2Q13_BriefingSlides_FINAL_130822.pdf


Thanks for your info. Dropped so much these few days. star
okass87 26 Aug 2013, 10:20 PMPost #34
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1H Investor Presentation

http://tambunindah.investor.net.my/wp-content/uploads/2013/08/Tambun_2Q13_BriefingSlides_FINAL_130822.pdf
okass87 26 Aug 2013, 10:01 PMPost #33
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http://klsecompany.blogspot.com/2013/08/tambun.html
okass87 25 Aug 2013, 11:39 PMPost #32
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檳州發展商機增 恆大置地獲上修目標價

財經股市20 Aug 2013 22:04

 (吉隆坡20日訊)恆大置地(TAMBUN,5191,主要板房產)次季業績符預期,檳州政府針對休閒發展項目征收發展建議書,料進一步推高檳島發展潛能,券商維持佳評並上修目標價。

業績利好發酵,恆大置地今早在逆市中揚4仙,以1.58令吉迎市,盤中一度揚5仙至1.59令吉。
但投資者趁高套現,該股在接近休市時開始陷跌,休市跌4仙至1.50令吉,成交量有187萬3800股。
閉市時,恆大置地報1.52令吉,跌2仙,成交量257萬7900股。

檳州發展機構月初宣佈,在威南峇都交灣桂花城撥出共685英畝沿海地帶的土地,打造國際主題樂園和高爾夫球度假村的綜合性發展計劃。

徵收計劃書

該機構將從本月14日至10月31日期間,向國內外公司公開征收計劃書。
興業證券研究在分析報告指出,這項發展項目料進一步推高檳島發展潛能,同時開放更多發展機會。

此外,恆大置地次季業績符預期,首半年房地產銷量激增94%至3億4300萬令吉,總發展值達13.2億令吉的進行中房產項目,平均認購率達73.3%。

該公司料在10月中召開股東特大尋求批准,向聯大地產(NADAYU,5043,主要板房產)收購Pearl City項目的小部分股權。
興業證券研究指出,該公司截至次季的未進賬銷量達5.1億令吉,一旦完成上述收購,料將從第4季初開始推高獲利。

該行維持“買入”建議,並把合理價從1.71令吉提高到1.82令吉。

http://www.chinapress.com.my/node/450462

ILoveDividend 21 Aug 2013, 05:11 PMPost #31
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Tambun Indah Land - Strong As Expected

TILB’s 2Q13 results came in within our expectation. Property sales in 1H increased to MYR343m from MYR177m in 1Q13. The Penang State Government recently called for request for proposal (RFP) for the development of an international theme park and golf course. These are expected to lift the development potential on the mainland to another level. We, therefore, raise our FV to MYR1.82. Maintain BUY.

- Within expectations.
Tambun Indah (TILB)’s 2Q13 results came in line with our expectation. About 62.3% of the revenue from the property development division was contributed by the Pearl City township.  Property sales up to MYR343m. 1H13 property sales surged 94% to MYR343m from MYR177m in 1Q. Pearl Residence (MYR115m), Pearl Impian (MYR49m), Pearl Avenue (MYR48m) and Straits Garden (MYR67m) were the key contributors. The average take-up rate achieved at its ongoing projects, with a GDV of MYR1.32bn, was 73.3%.

- Placement exercise completed
TILB recently completed a 15m share placement to two institutional funds at an issue price of MYR1.32 per share. Its market cap, as a result, rose to MYR515m. An EGM will likely be held in mid-Oct to seek shareholders’ approval for the acquisition of the minority stake in the Pearl City project from Nadayu Properties (NPB; NR). Subsequently, 55m shares will be issued at MYR1.30 per share.

- Forecasts.
We make no changes to our earnings forecasts. Unbilled sales amounted to MYR510m in 2Q13, from MYR425m in the previous quarter. TILB’s earnings will be boosted from early-4Q onwards upon the completion of the acquisition from Nadayu, as the minority interest charge in the P&L will be largely eliminated

- Maintain BUY.
We raise our FV to MYR1.82 (from MYR1.71), based on a lower 15% discount (from 20%) to RNAV. Further opportunities have opened up following the Penang State Government’s recent call for RFP for the development of an international theme park and golf resort projects at Batu Kawan. Meanwhile, results of the RFP on the premium outlet are expected to be announced over the next few months. Acknowledging the positive spillover from these developments, the major shareholders of Asas Dunia, which owns 1,500 acres of land on Penang mainland, has recently offered to take over their company at MYR1.70 per share.
okass87 11 Aug 2013, 11:52 AMPost #30
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Asas VS Tambun
http://mesoon79.blogspot.com/2013/07/asas-vs-tambun.html

Tambun Indah 收购事件
http://mesoon79.blogspot.com/2013/06/tambun-indah.html

okass87 23 Jun 2013, 02:53 PMPost #29
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Pearl City 100% Belongs To Tambun Indah

On the 21st June 2013, both Tambun Indah & Nadayu have their share trading suspended.

Nadayu owns 30% & 40% in Tambun Indah Land Berhad's subsidiaries Tambun Indah Development Sdn Bhd. & Palmington Sdn Bhd. respectively.

When both companies have something to announce at the same time, it must be related to the matter above. The Edge reported a possible merger between Tambun Indah & Nadayu. Fortunately it is not a truth. As a minor shareholder of Tambun Indah, you don't want to merge with a badly managed company (though it carries quite a lot of landbank in Klang Valley).

Nadayu is previously called Mutiara Goodyear who first developed a township in Simpang Ampat, Seberang Perai Selatan called Bandar Tasek Mutiara in the early 90s. Later Mutiara Goodyear's major shareholder left and sold its shares to ATIS/Zhuojian, who then changed its name from Mutiara Goodyear to Nadayu.

After that, Nadayu sold its land at Bandar Tasek Mutiara to Tambun Indah, in which a JV 60:40 Palmington Sdn Bhd was formed to develop it. Tambun Indah has then successfully developed the land so far, with the target to turn it into an integrated township called Pearl City.

So if it is not a merger between the two, then it must be related to these companies. True enough, both companies announced that Nadayu will sell its remaining shares of 40% in Palmington & 30% in TID to Tambun Indah (TILB). The purchase price is RM112 million and will be settled with RM40.7 million of cash & 55 million new Tambun Indah shares at RM1.30 each.

Pearl City development projects have been Tambun Indah's current & future profit generator as a big chunk of revenue (60% in 2012) and landbank come from here. So if you realize that Tambun Indah will only enjoy 60% of the potential of Pearl City, then it is some kind of setback. If the proposed sales & purchase go through, then Tambun Indah can expect better earning in the future by owning 100% of Pearl City.

TAMBUN INDAH LAND BERHAD
Pearl City Business Park

At the same time, Tambun Indah also announced a proposed private placement of 15 miilion (4.7%) new shares. Together with Nadayu's 55 million (17.3%) new shares, earning will be diluted by about 22%. Nadayu will become a major shareholder in Tambun Indah.

Nevertheless, the issuance of new shares should be justified, as it is not easy for a small cap company to fork out more than RM100 million (Tambun Indah has RM94 million cash). Too much bank borrowing is also not very good, though currently Tambun Indah has a very low gearing. With its earning potential after the purchase, Tambun Indah may earn more to maintain or even improve its earning per share.

TAMBUN INDAH LAND BERHAD
Tambun Indah first project in Pearl City - Pearl Garden in progress

Back to Nadayu, in year 2011 its boss said that the company is confident to achieve RM500-600 million of sales in 2011 & 2012. The outcome is, it only manage to sell RM175 million in each of these 2 years when almost all property developers' revenue and earning soar. Its net profit stood at RM15.8mil & RM9.6mil for the past 2 years.

According to news, Nadayu's major shareholders plan to privatise Nadayu with RM1.39 per share. With the cash from the disposal of its associates, Nadayu can concentrate on other property development projects, while still able to benefit from the development of Pearl City by holding 15% of Tambun Indah's shares.

http://bursadummy.blogspot.com/search/label/Tambun

michaeljong 01 Jun 2013, 07:10 PMPost #28
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Anybody can give me some advised as below on this Tambun,
1. whats the target price for this counter?
2. whats the dividend yield?
3. whats the cash flow situation?
Thank you very much drool
tiekyu 01 Jun 2013, 02:57 PMPost #27
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when will the 3.3 sen dividend be issued?
okass87 25 May 2013, 12:09 PMPost #26
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恒大置地(Tambun,5191,主板产业股)在到今年9月30日的本财务年第3季,营业量为7664万令吉,比去年同时期的4735万令吉,增加62%。
但是,净利增加得更快。今年第3季的净利高达1091万令吉,比去年同季的326万令吉增加235%。
本财务年到9月30日的首3个季度,营业量高达2亿2147万令吉,比去年首3季的13575万令吉,增加63%,但净利2956万令吉,比去年同时期的1438万令吉,增加106%。
预料该公司本财务年第4季,能保持第3季的净利,到今年12月31日的全年净利可望超过4000万令吉,每股净利约为13仙,以70仙的股价计算,预期本益比约为5.5倍。
这只股票吸引人之处,是该公司的派息政策,该公司已宣布,将每年40-60%的净利作为股息派发给股东,跟其他的产业股相比,该公司的派息率可谓慷慨。
以该公司预期的每股净利13仙,以及40%净利作为股息,今年全年每股可能派发5.2仙的净股息(免税),以约70仙的股价计算,周息率(D/Y)高达7.4%(每1000令吉的投资每年可以收到74令吉的免税股息)。

销售不俗

该公司到今年9月30日,施工中的12个建屋计划,销售价值高达8亿5000万令吉,到目前为止,已售出约80%,销售额约6亿8000万令吉。
该公司第4季再推出总值约3亿令吉的新计划,推展不到1个月已售出约45%。
这总值11亿5000万令吉(8亿5000万令吉加3亿令吉)的计划,将足以使该公司忙碌3年。
该公司拥有的地皮都是在多年前买进的,买价相当低廉,而这3年来,屋价直线上升,因此该公司的毛赚率高达33-34%,净赚率(已扣税售出约80%,销售额约6亿8000万令吉。
该公司第4季再推出总值约3亿令吉的新计划,推展不到1个月已售出约45%。
这总值11亿5000万令吉(8亿5000万令吉加3亿令吉)的计划,将足以使该公司忙碌3年。
该公司拥有的地皮都是在多年前买进的,买价相当低廉,而这3年来,屋价直线上升,因此该公司的毛赚率高达33-34%,净赚率(已扣税及少数股东权益)约为14%。
该公司总值11亿5000万令吉的建屋计划,需时3年来完成,以14%的净赚率计算,将可为该公司赚进1亿6000万令吉的净利,平均每年净利将高达5300多万令吉,每股净利将在17仙以上。
如果该公司保持将40%的净利作为股息派发给股东的话,每股将可获得7仙的股息(免税),以约70仙的股价计算,未来3年每年周息率可达10%。

股票如产业 股息如租金

《南洋商报》在今年10月27日在首都双威镇的双威金字塔会展中心举办“2012优质房地产暨家居展”,我被邀请在会场发表一场演讲,题目为“优质产业股怎样选?”。
鉴于近年来产业价值暴涨,但租金并未跟上,故以目前的价格,购买产业作为投资,回酬率只有3%左右,我认为,与其买产业收租,不如考虑买高股息的产业股作为投资,视股息为租金,更为合算。
当晚莅临听我演讲的听众一定记得,我曾以恒大置地为例,说明“视股票为产业”,视股息为租金的构想。

回率7.14%

我的研究显示,恒大置地在未来3年,每年有希望派发每股最少5仙的股息,以70仙的股价计算,回酬高过7%以上。
假如投资100万令吉的话,以每股70仙,可买到142万8500股的恒大置地。
以每股5仙的股息计算,投资者(相当于产业业主)每年可以收到71,425令吉的免税股息,回酬率高达7.14%,比银行定存利息及当前产业投资回酬率高1倍,更又没有收租的麻烦和产业租不出去的风险,何况股价上升,也可以套现,“视产业股为产业”,是否值得考虑?
股市波动大,股票投资风险较产业投资高,所以,要“视产业股为产业”,则所选择的产业股,必须根基稳固,派息稳定,才有资格代替产业。
故选股是否恰当,是成败关键。

大股东产业界老行尊

恒大置地上市虽然不到2年,但该公司大股东及董事经理郑克生已有30年从事产业发展的经验,是产业界老行尊之一。
该公司的产业计划,大部份是在北海和威省,所建的大部份是中价屋,每间售价在30至40万令吉之间,比槟岛同样的屋子,价格便宜一半,故一向畅销。
槟威第二大桥在明年建竣通车后,预料将带旺威省的经济,产业价格将上升,恒大置地将是受惠发展商之一。
该公司昨天(11月28日)发布的第3季账目显示,在今年9月30日时,手头持有现金1亿237万令吉,欠银行6783万令吉(其中6154万令吉为长期负债,其馀629万令吉为短期负债),财务基础稳固。
该公司宣布派发2仙中期股息,明年可望派发3.2仙的终期股息,全年股息预期为5.2仙(免税)。

声明

笔者为恒大置地小股东,视该公司的股票为屋子,视股息为租金,以落实“视产业股为产业”的构想。


http://www.nanyang.com.my/node/494649?tid=808

caven 26 Mar 2013, 12:41 PMPost #25
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caven 26 Mar 2013, 12:41 PMPost #24
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QUOTE=moses @ 24 Mar 2013, 11:36 PM
If market condition is good, Tambun's next target will be RM1.00.

Still need wait on 2nd bridge completed and Pear city is complete build....if the hypermarket able to complete discuss on next year 2015 then this market price will be up until RM1.00 soon.
moses 24 Mar 2013, 11:36 PMPost #23
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If market condition is good, Tambun's next target will be RM1.00.
kingkong 15 Mar 2013, 09:34 AMPost #22
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caven 12 Mar 2013, 01:21 AMPost #21
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QUOTE=Brian9818 @ 11 Mar 2013, 08:51 PM
Next Resistance or target is around $0.90, Last buying opportunity was at ~$0.80

thumbup LIKE
Brian9818 11 Mar 2013, 08:51 PMPost #20
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Next Resistance or target is around $0.90, Last buying opportunity was at ~$0.80
caven 11 Mar 2013, 05:20 PMPost #19
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QUOTE=Brian9818 @ 08 Mar 2013, 03:05 PM
Don't worry. Tambun is a good buy at current price.

in this price still is good to buy in? too high already loh....last time while 0.70 should buy in
Brian9818 08 Mar 2013, 03:05 PMPost #18
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Don't worry. Tambun is a good buy at current price.
caven 06 Feb 2013, 05:03 PMPost #17
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wait it drop again i will keep on buy in....thumbup
caven 06 Feb 2013, 04:17 PMPost #16
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QUOTE=clow8 @ 06 Feb 2013, 01:37 PM
What is happening?

no idea....this few week market share is drop seriously. maybe related to the coming election
clow8 06 Feb 2013, 01:37 PMPost #15
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What is happening?
clow8 06 Feb 2013, 01:37 PMPost #14
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What is happening?
bhtee 31 Jan 2013, 03:34 PMPost #13
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caven 30 Jan 2013, 09:24 PMPost #12
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QUOTE=tiekyu71 @ 30 Jan 2013, 04:17 PM

Temporary down. Be patient . Hold it.

yup i already hold it and also add on the stock on 0.730thumbup
tiekyu71 30 Jan 2013, 04:17 PMPost #11
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QUOTE=caven @ 29 Jan 2013, 10:08 AM
mad why its going down....please up up up

Temporary down. Be patient . Hold it.
caven 29 Jan 2013, 10:08 AMPost #10
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mad why its going down....please up up up
bhtee 14 Jan 2013, 12:55 PMPost #9
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walker 03 Jan 2013, 01:25 PMPost #8
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Moving up lol
tiekyu71 12 Dec 2012, 11:12 AMPost #7
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Wow, Tambun ranks 7th . Push Bstead out of Top Ten list. thumbup
ronnie 11 Dec 2012, 03:46 AMPost #6
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buy and keeprolleyes
Jundivi 28 Nov 2012, 12:13 PMPost #5
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QUOTE=seedarren @ 28 Oct 2012, 12:23 PM
冷眼在南洋的产业股讲座现场录音
http://soundcloud.com/focus-ng/lenyan271012

for portion of talk's slide, please refer
http://www.investalks.com/forum/viewthread.php?tid=18108&extra=&page=3

I listened to the talk already, and it really as he said profit increased and dividend declared.thumbup
seedarren 28 Oct 2012, 12:23 PMPost #4
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冷眼在南洋的产业股讲座现场录音
http://soundcloud.com/focus-ng/lenyan271012

for portion of talk's slide, please refer
http://www.investalks.com/forum/viewthread.php?tid=18108&extra=&page=3
spy008 16 Oct 2012, 10:28 PMPost #3
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QUOTE=tiekyu71 @ 15 Oct 2012, 09:59 AM
This stock has been up from 0.6 to 0.7 . Why?


News lor....
They said TAMBUN got alot of properties nearby the new Penang 2nd Bridge...
So once the bridge is done (in abt 1 yr time), Tambun's properties become more valuable..
Nowadays alot of ppl buying their properties..

tiekyu71 15 Oct 2012, 09:59 AMPost #2
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This stock has been up from 0.6 to 0.7 . Why?
bhtee 19 Feb 2012, 10:35 PMPost #1
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good stock with 40%-60% dividend policy.yeah