Highlights
KLSE: TAGB (5158)       TA GLOBAL BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
0.365   -0.01 (2.67%)  0.365 - 0.375  996,200
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Overview

Market Cap: 1,940 Million
NOSH: 5,314 Million
Avg Volume (4 weeks):1,322,200
4 Weeks Range:0.35 - 0.385
4 Weeks Price Volatility (%):
42.86%
52 Weeks Range:0.25 - 0.41
52 Weeks Price Volatility (%):
71.88%
Average Price Target: 0.32
Price Target Upside/Downside: -0.045

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#3]  |  29-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  27-Feb-2018
T4Q P/E | EY: 6.33  |  15.79%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.59  |  0.62
T4Q NP Margin | ROE: 33.70%  |  9.77%

Headlines

Date Subject
04-Dec-2017 发展已获执照.达全球明次季推26亿计划
10-Aug-2017 PublicInvest Research Headlines - 10 Aug 2017
10-Aug-2017 Mplus Market Pulse - 10 Aug 2017

Business Background

TA Global Berhad (TA Global) is an investment holding company. The Company is engaged in a diversified range of property services, which includes property development, property investment, construction and property management in Malaysia. Its hospitality division includes the Radisson BLU Hotel in Sydney, Westin in Melbourne, Swissotel Merchant Court in Singapore, Aava Whistler Hotel in Whistler and Swissotel in Kunshan, China. It operates in five segments: investment holding, which includes provision of funding and investment related services; finance and related services, which includes provision of finance and related services; property investment, which includes investments in residential and commercial properties; property development includes development of residential and commercial properties, and hotel operations, which includes operation of hotel and related services. On August 17, 2010, it acquired Quayside Gem Limited. On November 8, 2010, TA Global acquired Quaywest Ltd.
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  3 people like this.
 
singh1 Hope to see it at 45 sen by end Feb.
15/01/2018 21:22
villa1668 Year end 0.50 :)
15/01/2018 22:21
momotrader i hope he privatise it
16/01/2018 10:34
luckypunting pretty strong support @0.38 :p
16/01/2018 18:55
singh1 momo It is actually quite easy for TA to take it private. If they offer 55 sen each, it would cost about RM 1.2 B , which is not much. I would prefer they offer a 1:1 Reit at a low offer price of 10 sen each. In that way TAGB can raise RM500M + to further reduce debt or fund and operate more hotels. Debt is currently being reduced from about 2.5B to about 1.9B with proceeds from little bay sale. I see interesting times ahead.
16/01/2018 21:46
virgogo Look at net debt
16/01/2018 23:01
virgogo Net debt will be even much lower if company liquidate the investment securities n convert to cash
16/01/2018 23:03
singh1 Very good assets. Tagb is a diamond in the rough. Polish it and it shall shine brilliantly. The low price is making the investment community at large not notice it. When it does rise higher which should happen over the next two quarterly results, it is going to be too late for many. The horse would have left. I have invested bigly in TA as it gives me both with just one investment. (2 birds with one stone). Every TA share holds 1.8 Tagb shares by virtue of it's 60 % stake. Surprisingly that is TA share price. 0.38 x 1.8 = 0.685 The rest of TA is absolutely FREE !!
16/01/2018 23:51
momotrader hi @singh1 could you kindly explain further
"Every TA share holds 1.8 Tagb shares by virtue of it's 60 % stake. Surprisingly that is TA share price. 0.38 x 1.8 = 0.685 The rest of TA is absolutely FREE !!"

Thanks!
17/01/2018 10:21
singh1 momo Here are the numbers. Tagb total number of shares = 5,322,000,000 or 5.322B
TA owns 60.1748% of Tagb. That is 3,202,000,000 or 3.202B shares
TA total number of shares = 1,712,000,000 or 1.712B shares
Shares of Tagb that TA owns divided by total number of TA shares is
3,202,000,000 / 1,712,000,000 = 1.87
So for every TA share that you own, it owns 1.87 Tagb shares.
So if Tagb is at 38 sen then 1.87 x 0.38 = 0.71 or 71 sen
There you see !!
TA Enterprise is selling for less than what it owns of Tagb. The rest of TA enterprise is
absolutely free for investors. Hard to believe but absolutely true.
That is the reason I sold all my Tagb shares and bought TA Enterprise.
If you are still not sure, I encourage you to contact TA Enterprise and ask them if the above
calculation is true or not.
If anyone still don't agree, tell me why.
17/01/2018 11:25
Lukesharewalker Might retrace to 35....
17/01/2018 12:29
momotrader thanks @singh1 for the explanation
I will read up on their annual and quarter reports.

@lukesharewalker why?
17/01/2018 14:46
Lukesharewalker Consolidation...if owner don't buy..it won't go up hence move down
17/01/2018 17:31
Lele The Board of Directors of TA Global Berhad (“TAG”) wishes to announce that its public shareholding spread of 24.76% based on Records of Depositors as at 29 December 2017 is not in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the LR of Bursa Securities.

The percentage represents a shortfall of 0.24% from the minimum required percentage of 25% of the total listed shares (excluding treasury shares) to be in the hands of public shareholders.

TAG will be applying to Bursa Securities to seek approval for lower level of public shareholding spread and/or an extension of time to address the shortfall in the public shareholding spread, vis-à-vis current prevailing market conditions.

This announcement is dated 17 January 2018.

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2822734
17/01/2018 18:08
Lele Tony Tiah acquired from the open market

Total no of securities ( as at 17th Jan 2018 )

a ) For TA
~ Datuk Tiah Thee Kian ( 31.778% )
~ Datin Tan Kuay Fong ( 0.3094% )

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2778393

b ) For TAGB
~ TA Enterprise Berhad ( 60.1748% )
~ Datuk Tiah Thee Kian ( Direct 10.044% / Indirect 19.1223% )
~ Mr. Tiah Joo Kim ( 5.003% )
~ Datin Tan Kuay Fong ( Direct 0.1269% / Indirect 0.1861%)

*** Total no of securities for TA + Datuk Tiah families is 75.3487% ( Balance in the open market is 24.6513% )

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2822675

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2822677
17/01/2018 18:40
luckypunting private placement or privatize coming?
17/01/2018 18:43
villa1668 TA Enterprise buy all the TAGB shares since public not interested it?
17/01/2018 19:15
singh1 This is a very very interesting development. Need to have at least 25% in the open market.
17/01/2018 19:55
singh1 Does this mean Tony will stop buying.
17/01/2018 19:55
singh1 Lukesharewalker made a good point. Tony don't buy, maybe share price comes down. Let's see.
17/01/2018 20:07
villa1668 Tony should know the rule and regulations that public need to hold at least 25% from the beginning. Believe Tony will continue to buy TAGB shares, and maybe he have other plans.
17/01/2018 20:10
virgogo Tony is fully aware that the public spread will fall below 25% at end of December. He continued to buy this month knowing very well that he has to seek bursa approval. He has a plan. Hope is good for share price
17/01/2018 20:31
PenguinDad during the most unexpected thing will happen. ha.....
17/01/2018 20:52
villa1668 Example:

http://www.theedgemarkets.com/article/tmcs-public-shareholding-spread-falls-below-25
17/01/2018 21:08
villa1668 Example: Layhong

https://www.thestar.com.my/business/business-news/2015/03/31/lay-hong-to-reduce-share-placement-to-15/
17/01/2018 21:16
villa1668 Example: Layhong - Continue

https://themalaysianreserve.com/2017/04/03/ql-resources-sells-entire-stake-in-lay-hong-for-rm60-6m/
17/01/2018 21:17
villa1668 Another method to increase the shareholding spread to above 25%

Instead of declare dividend per share, probably company can issue more shares and pay to existing shareholders.
17/01/2018 21:22
villa1668 Wondering whether TA can give free TAGB shares to their shareholders as dividend to increase TAGB shareholding spread to above 25%?
17/01/2018 21:25
villa1668 Another possibility.

TA enterprise intends to dispose some TAGB shares to institutions.
17/01/2018 21:29
luckypunting most likely TA will dispose 5-10% TAGB share to Instituition Funds once it up to certain price
17/01/2018 23:45
Lele Price will drop down.
18/01/2018 07:17
villa1668 Last option:

TA enterprise buy all TAGB shares & delisted TAGB since it is undervalued. Tony increase his stake to 100% is impossible, but TA Enterprise can make it.
18/01/2018 07:25
singh1 In my opinion there will come a time when the stockbroking business would need to be separated from properties and the possibility of distributing Tagb shares to TA shareholders. Once separated the stockbroking business can proceed to do an M & A with a large financial institution (is syariah compliant since May 2017) or maybe get sold off. The undervalued properties of Tagb can then go through a re-evaluation exercise, followed by launching a REIT to further separate the hospitality business from construction business. Sunway is a great example. I am hoping for this.
18/01/2018 07:34
momotrader I'm opting for privatisation at NTA value
18/01/2018 10:57
luckypunting Datuk direct ownership is about 10% now, let see how is he going to do with this 10%
18/01/2018 11:07
Lukesharewalker Only 1 row of support @37.5
18/01/2018 11:26
Lukesharewalker Same pattern as TA
18/01/2018 16:22
Lele Total shareholding by Datuk Tiah's family is at 15.1739%. There should be a final announcement regarding the issue of public shareholdings spread at the end of Feb'2018 or before CNY. ( 30 days )

The Q4 reports will come out at the end of Feb'2018.

Financial Reports for the year ended 2017 will come out at the end of April'2018.

10th AGM will be at the end of May'2018.

We will eagerly anticipate any upcoming news.
18/01/2018 19:41
luckypunting likely there are some potential Funds to buy the 10% from Datuk?
19/01/2018 09:33
chang24 Hehe we never know... time will tell but certainly there's something needs to be done soon.
19/01/2018 11:17
Lukesharewalker Back to 35....
19/01/2018 16:57
Lukesharewalker Maybe TT will just dispose the excess...
19/01/2018 17:02
Lele I think is impossible.

TT transfer inward to his son, Joo Kim on 21 Sept 2016 around 5.003% and since then he is on a buying spree for more shares.

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2702431

He must be planning for something. The most important thing is to see how Datuk Tony Tiah will give back to the small shareholders.
19/01/2018 17:29
luckypunting if he is going to sell ... need to create Good news to sell
19/01/2018 17:33
Lele 就看他是不是一位“ 五福 ” 者。

第一福是“長壽”是命不夭折而且壽數綿長 ;

第二福是“富貴”是錢財富足而且地位尊貴;

第三福是“康寧”是身體健康而且內心安寧;

第四福是“好德”是心性仁善而且順應自然;

第五福是“善終”是安詳離世而且飾終以禮。
19/01/2018 17:49
singh1 When insider see 38 sen as a good bargain, outsider still not interested at lower price. Since Tony cannot buy some more and retail investors not showing much interest, He could possibly offer some kacang putih price and privatize this counter. He could do it directly himselves or through TA Enterprise. If TA does it (they have the funds to do it), the next move could be to list a hospitality REIT to unlock value and also reward all investors including the family with a handsome dividend every quarter while paying much lower tax in the process. Less to the taxman and higher dividends. Oh yeah !!
19/01/2018 21:56
Lele TA Global mulls setting up REIT for hotels.

http://taglobal.com.my/ta-global-mulls-setting-up-reit-for-hotels/

Decide whether the news are true or false.
19/01/2018 22:44
singh1 They have been planning for many years. Maybe now the time has come.
20/01/2018 01:57
luckypunting share price will probably rebound after correction to 0.36 ....

possible that TAGB to revalue the assets b4 datuk can sell his 10% and earn huge profit?
21/01/2018 11:06
Lele List of Top 30 Shareholders for TAGB

a ) For Year End 2016 ( page 231 & 232 )

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2755870

b ) For Year End 2015 ( page 216 & 217 )

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2668083
21/01/2018 13:44


 

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