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.
johnny cashTA Global (TAGB MK)--------DATED 26/03/14,, HAD I PUT IT ON THE CORRECT COUNTER??
Technical BUY with +28.9% potential return Last price : RM0.830 Target Price : RM0.965, RM1.07 Support : RM0.795 Stop-loss: RM0.780 BUY with a target price of RM1.07 with a stop loss placed below RM0.780. TAGB’s share price has managed to stay above its rising trendline despite staying in the range of RM0.730-0.795 since 19 Nov 13. However, yesterday’s positive closing above the recent high of RM0.815 on the back of a higher trading volume of 37.5m shares (vs 20-day average of 3.9m) indicates strong and renewed buying interest. Given the uptick in RSI and a positive development in MACD, we expect the share price to retest its previous high of RM0.850 in the near term which, if breached, may refuel further interest in the share and could catapult TAGB towards our medium-term target which is pegged at the 1.61x Fibonacci extension level of RM1.07.
imoogi99From their annual report......"TA 3 & 4 is a landmark integrated development, strategically located along Jalan P Ramlee, opposite the famed Petronas Twin Towers in the heart of Kuala Lumpur. Comprising of a freehold land with an area of 2.47 acres, this iconic development of two 50-storey towers combines style with functionality, and has a gross development value of approximately RM1.376 billion. It will house a business class hotel, luxurious serviced apartments, as well as a 5 level-podium of retail, food and beverage(F&B) and lifestyle facilities. TA 3 & 4 is geared towards employing Green Technology, thereby enhancing its overall appeal as the modern residential and hospitality icon of today. Sub-structure works are expected to commence in the final quarter of 2012 and the project launch is slated for 2014."
Recently property in KLCC area transacted at record price....matter of time for TAGB to wake up.