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KLSE: TNLOGIS       TIONG NAM LOGISTICS HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.00 1.14     +0.14 (14.00%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
30/05/2018 1.00 1.05 +0.05 (5.00%) HOLD MIDF Price Target News
30/05/2018 1.00 0.90 -0.10 (10.00%) SELL KENANGA Price Target News
30/05/2018 1.00 1.02 +0.02 (2.00%) HOLD HLG Price Target News
30/05/2018 1.00 1.25 +0.25 (25.00%) BUY Affin Hwang Capital Price Target News
27/02/2018 1.14 1.23 +0.09 (7.89%) HOLD MIDF Price Target News
27/02/2018 1.14 1.00 -0.14 (12.28%) SELL KENANGA Price Target News
27/02/2018 1.14 1.34 +0.20 (17.54%) HOLD HLG Price Target News
27/02/2018 1.14 1.36 +0.22 (19.30%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
30/05/2018  MIDF Tiong Nam - Higher Operating Expenses Bane On Earnings
30/05/2018  KENANGA Tiong Nam Logistics - Poorer FY18, Lacks Earnings Visibility
30/05/2018  HLG Tiong Nam Logistics Holdings - 4QFY18 Hampered by the tax rate
30/05/2018  Affin Hwang Capital Tiong Nam Logistics (BUY, Maintain) - FY18: Investment Loss Drags Down Results
27/02/2018  MIDF Tiong Nam - Higher Operating Expenses To Strain Profitability
27/02/2018  KENANGA Tiong Nam Logistics - 3Q18 Results Continue to Disappoint
27/02/2018  HLG Tiong Nam - 3Q18 Below Expectations
27/02/2018  Affin Hwang Capital Tiong Nam - Growing Pains



  10 people like this.
 
yingchai The coming quarter should be a disaster to TNL. No significant contribution from Property Segment. Pinetree Marina Project is towards tail end. The logistic service takes year to generate income....Good Luck Guys. The best timing to buy is Mid of May......
21/02/2018 08:25
godhand disaster is good. no disaster how to buy cheap. learn to look further ahead or u will never make money in stock
21/02/2018 09:54
deathgodwoairuo Anyone collecting?
21/02/2018 12:40
godhand buy. downside is limited
21/02/2018 15:09
AllBigWin So, good or not?
21/02/2018 16:52
yingchai I think will drop further, the property segment not more pipeline and no more new project. The potential counter should be Wong Engineering Corp Berhad. I suspect they are going to inject the properties and land bank to Wong as according to business weekly magazine.

Tiong Nam financial should be koyak, China tycoon prefer GDEX, POS Malaysia instead of Tiong Nam. I think the share price shall drop further to below RM1. Then, TNL can go for private placement. If their private placement is 10% discount from the market price of RM1.00 then the subscription is merely RM0.90. I think this is very possible.

Good luck guys,my advice is to avoid this counter. Can consider to buy if the price break the support level to below RM1.
22/02/2018 09:15
yingchai Buy Wong Engineering safer
22/02/2018 09:17
deathgodwoairuo gg.com...no eye see...
26/02/2018 19:33
chunwei94 no drop. but logisitc market is down now. haih.
27/02/2018 18:16
deathgodwoairuo knn stock...
02/03/2018 11:50
deathgodwoairuo Rubbish la.. Drop evday..
20/03/2018 12:51
Pirates Anyone knows who are Tiong Nam's customers for their logistics and warehousing division?
20/03/2018 16:05
jibbie dont know. i wonder the same thing. see many tiong nam trucks on road everyday
26/03/2018 17:09
Biker2b Read somewhere mentioning Amway is one of their key customer.
27/03/2018 11:56
Doer is TN competitive among logistic competitors?
27/03/2018 14:56
Biker2b 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.
27/03/2018 15:46
Lim Tek Wai EPF start to sell share and tk profits
03/04/2018 16:07
deathgodwoairuo u sure epf have profit on this stock?
03/04/2018 19:02
Biker2b 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?
13/04/2018 11:15
Biker2b 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.
27/04/2018 21:02
deathgodwoairuo why keep acquire and disposed....
02/05/2018 20:02
Biker2b From left pocket to right pocket, paving way for REIT listing and other assets monetization?
02/05/2018 20:28
Dartmaster 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
02/05/2018 21:11
deathgodwoairuo reit listing?no news at all...
03/05/2018 18:08
Doer Bad QR...Lol
28/05/2018 21:19
Larrytrader Lousy management
29/05/2018 22:46
superluckystar0505 super super lousy management...totally no spirit..conservative and old management..
31/05/2018 13:38
Biker2b 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 ?
01/06/2018 12:15
Larrytrader Due to their failure of profit earning and disappointing results bro biker
04/06/2018 17:49
nnMM larry...there's always a gestation period when a new business launched. even if someone open a restaurant, he/she has to be prepared to incur losses up till six months before breaking-even.
04/06/2018 21:54
Biker2b 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.
05/06/2018 11:46
Larrytrader 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??
05/06/2018 20:39
Biker2b Sure... many sifu here. We will progress towards a better investor community if we are here to share factual information.
06/06/2018 11:37
deathgodwoairuo but warrant is going to expire soon...dunno can wait til the day come ornot...
06/06/2018 17:42
jibbie @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?
06/06/2018 18:09
Alex5398 管理层又浪费4000多万买了地皮,现在负载率已经爆表了,干..
06/06/2018 18:28
Alex5398 如果现在倒反拿几片地来释放价值,我最开心了..
06/06/2018 18:32
Biker2b @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.
07/06/2018 10:53
jibbie 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
07/06/2018 11:23
Biker2b 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.
07/06/2018 11:30
Alex5398 根据iwcity 今年的年报,tiong nam公司已经不再持有股权,出清股票亏的钱可以在来临的股东大会发问吗?
07/06/2018 13:22
Biker2b Sure you can.. it is shareholder's right to ask for clarification.
07/06/2018 14:09
Alex5398 tq Biker2b,希望有人能帮我问,不然对小股东太不公平了。
07/06/2018 14:21
hotdogge 消费税取消后,路上又看到很多运输lori,刚刚看到一辆tiong nam 下了半车的货物给一间文具店,不过下次的业绩不能反应刚刚的好景,因为两个月前商家都在观望,运输生意很静。
07/06/2018 18:16
Alex5398 Epf亏钱卖出tiongnam
11/06/2018 18:05
deathgodwoairuo 连epf都卖了,没有看头了...
11/06/2018 21:06
Alex5398 去年要招基金入股,现在他们卖都来不及,管理层真是丢脸!!股价长期低迷不振,公司的品牌是打不响的..
11/06/2018 22:53
hotdogge 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/
15/06/2018 10:34
Alex5398 https://klse.i3investor.com/m/blog/kianweiaritcles/162220.jsp
最后一道问题,我个人认为,他们故意找以股代息为借口,在open market回购股票来凑足足够的票数来派发,真正的目的有涉嫌让另一方用高价卖回公司套利,最后小股东来承担,就拜这班废物管理层所赐!!rubbish ong family!
22/06/2018 00:07
deathgodwoairuo 他x的股价一直下...
22/06/2018 21:17


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