Alert share

TAMBUN (5191) : TAMBUN INDAH LAND BERHAD

caven

thumbup LIKE
12 Mar 2013, 01:21 AM
kingkong
---Deleted---
15 Mar 2013, 09:34 AM
moses
If market condition is good, Tambun's next target will be RM1.00.
24 Mar 2013, 11:36 PM
caven

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.
26 Mar 2013, 12:41 PM
caven
---Deleted---
26 Mar 2013, 12:41 PM
okass87

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

25 May 2013, 12:09 PM
tiekyu
when will the 3.3 sen dividend be issued?
01 Jun 2013, 02:57 PM
michaeljong
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
01 Jun 2013, 07:10 PM
okass87

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.

Forum | MalaysiaStock.Biz
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.

Forum | MalaysiaStock.Biz
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

23 Jun 2013, 02:53 PM
okass87

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

11 Aug 2013, 11:52 AM
ILoveDividend
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.
21 Aug 2013, 05:11 PM
okass87

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

25 Aug 2013, 11:39 PM
okass87
http://klsecompany.blogspot.com/2013/08/tambun.html
26 Aug 2013, 10:01 PM
okass87

1H Investor Presentation

http://tambunindah.investor.net.my/wp-content/uploads/2013/08/Tambun_2Q13_BriefingSlides_FINAL_130822.pdf
26 Aug 2013, 10:20 PM
CNY2012


Thanks for your info. Dropped so much these few days. star
28 Aug 2013, 03:59 PM
whassupkumar
Will go up again i think.. any comments?
01 Sep 2013, 11:07 PM
CNY2012


A good sharing about TAMBUN.

http://tradertoinvestor.blogspot.com/2013/09/my-stock-tambun-5191.html
17 Sep 2013, 03:05 PM
ILoveDividend


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。
17 Nov 2013, 05:21 PM
ILoveDividend
Fantastic report thumbup
Unbill sale increase to RM518mil. Looking forward for more dividend. wub
20 Nov 2013, 09:29 AM
changccs
next quarter results and dividend will be very very good. hold tight tight till next financial quarter !!!
06 Dec 2013, 09:56 PM

Overview Market Search portfolio More
Overview Market Search Portfolio More
Shariah SettingShariah: Off
Screen ArrangementScreen Arrangement
Recently Viewed