Highlights
KLSE: TAMBUN (5191)       TAMBUN INDAH LAND BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
0.735   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 318 Million
NOSH: 433 Million
Avg Volume (4 weeks):755,705
4 Weeks Range:0.725 - 0.835
4 Weeks Price Volatility (%):
88.02%
52 Weeks Range:0.725 - 1.54
52 Weeks Price Volatility (%):
47.73%
Average Price Target: 1.13
Price Target Upside/Downside: +0.395
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#4]  |  27-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  18-May-2018
T4Q P/E | EY: 3.82  |  26.18%
T4Q DY | Payout %: 4.08%  |  15.59%
T4Q NAPS | P/NAPS: 1.34  |  0.55
T4Q NP Margin | ROE: 29.63%  |  14.36%

Headlines

Date Subject
18-Apr-2018 Case Study: The Tale of Two Property Companies (Tambun vs Matrix)
28-Feb-2018 Tambun Indah Land Berhad - Disappointing 4Q17
28-Feb-2018 [转贴] 【论股】 Tambun Indah Land Berhad ~乡下佬~
28-Feb-2018 Tambun Indah - Missed Sales Target
23-Nov-2017 Tambun Indah - Supported by Attractive Dividend
23-Nov-2017 Tambun Indah Land Berhad - Sales Remain in Doldrums
23-Nov-2017 Mplus Market Pulse - 23 Nov 2017
29-Oct-2017 如何即时查询.大股东股权动向?
16-Oct-2017 TAMBUN(5191)恒大置地 - 未入账销售持续下滑,净利终究招架不住。~WSWT~
24-Aug-2017 Tambun Indah Land Berhad - Disappointing New Sales
24-Aug-2017 Tambun Indah (HOLD) - Improving New Sales
24-Aug-2017 Tambun Indah Land - Above Expectation
13-Aug-2017 130817: TAMBUN-Down but Not Out
02-Aug-2017 [转贴] Tambun 恒大置地 ~ BY乡下小子
19-May-2017 Tambun Indah Land - Beats Expectation
19-May-2017 Tambun Indah - The northern developer
19-May-2017 PublicInvest Research Headlines - 19 May 2017
19-May-2017 Mplus Market Pulse - 19 May 2017

Business Background

Tambun Indah Land Bhd is a Malaysia-based investment holding company. The company and its subsidiaries are engaged in investment holding, property development, construction and project management. It operates through three segments: Investment holding, Property development and management and Other operations. The Investment holding segment is engaged in the operation of the car park and rental income. The Property development and management segment is engaged in the development and management of land into vacant lots, residential, commercial and/or industrial buildings. The Other operations segment includes Construction and project management activities.
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  15 people like this.
 
poh_83 i want to top up at price 0.77 :)
waiting...
06/02/2018 11:20
shortinvestor77 大戶少少貨就可以推低股價震倉, 引來更多沽盤幫手進一步推低股價, 這是大戶一慣的做法! 散戶也是一慣服從, 樂意地聽話, 照做止蝕!!!
07/02/2018 20:47
khfoo88 一个稳健的领导层跟有信誉的发展商,业务跟现金流不错的公司何惧只有
08/02/2018 06:32
kancs3118 $0.70 is within grabs .....
08/02/2018 17:43
Kent Chong go 0.7
08/02/2018 23:26
fong7 wow....free fall....
09/02/2018 00:54
poh_83 collecting time... DDDDD
09/02/2018 09:11
investor1888 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5687381
12/02/2018 10:01
Beza Low got lower. Siau .
21/02/2018 16:27
Beza But good to accumulate.
21/02/2018 16:28
peterfeh investor1888, the meaning of "closed period" means tambun gonna close shop? Share price will further go down hill?
21/02/2018 23:07
chanyh "closed period" means a period commencing 30 calendar days before the targeted date of announcement up to the date of the announcement of the following to the Exchange
22/02/2018 08:48
Benny1123 anyone know when QR come out?
24/02/2018 11:37
YH Chan might be Monday.
24/02/2018 21:08
fong7 how's tambun's recent landbank condition? how many acres they have waiting to be developed?
26/02/2018 06:05
PotentialGhost The good company give najib government policy play until want died already
27/02/2018 02:11
shortinvestor77 Price in already. No worry.
27/02/2018 21:35
YH Chan property sentimental not good, revenue lower /.\
27/02/2018 21:51
Benny1123 still got profit...
28/02/2018 00:08
nikicheong Very healthy cash levels. I think Tambun's selling point now will be the dividend yield cause the cash can finance dividends handsomely for the next 2-3 years...by which point you'd expect the property market to have recovered. Even if the dividend drops to 6 sen a year, if you buy in at current levels you will be getting a yield of nearly 7%. Very hard to beat actually. I foresee a correction in the price soon once it is clear that dividends won't simply fall off a cliff.
28/02/2018 09:23
khfoo88 Tambun Indah - Missed Sales Target
Author: HLInvest | Publish date: Wed, 28 Feb 2018, 09:41 AM

Results
Below expectations: TILB’s FY17 core PATAMI of RM82.6m came in below expectations, accounting for 92.6% and 91.5% of HLIB and consensus full year forecasts, respectively.
Deviations
Mainly due to slower sales and lower-than-expected margin.
Dividends
None. The final dividend is usually declared after subsequent 1Q results.
Highlights
QoQ: 4Q17 revenue was down (-14.7%) while core profit contracted by 38.8% due to fewer on-going projects, weaker margin and further dragged by a RM4m provision for the loss of a low cost housing project.
YoY: Revenue fell by 26.0% mainly due to fewer on-going projects and lower new sales. Core net profit declined more drastically by 50.6% caused by lower margin product mix.
FY17: Core net profit declined by 22.8% on the back of lower revenue (-21.8%) due to lower new sales and fewer on-going projects as some projects were completed in the prior year such as Pearl Residence and Pearl Harmoni.
In 4Q17, total new sales achieved was RM30.2m (RM17.8m in 4Q16), bringing FY17 sales to RM146.3m (FY16: RM229m), falling short of full year target at RM180m.
Shrinking unbilled sales at only RM66m (cover ratio of 0.24x FY17’s revenue) remains the concern on the sustainability of earnings moving forward.
Management is looking to sustain the earnings by improving the average take-up rate (currently at 70%) for its ongoing projects with a total GDV of RM848m.
Three new planned projects namely Palma Residency (GDV: RM50m), Permai Residency (GDV: RM53m) and Palm Garden (GDV: RM110m) are set to launch in FY18.
Risks
Delay in new project launches.
Forecasts
We reduce our FY18 and FY19 earnings by 7.3% and 6.6%, respectively after factoring in lower sales assumptions.
Rating
TRADING BUY ↔ ; TP: RM1.23
Maintain TRADING BUY as we believe the retreat of share price is overdone with potential attractive dividend yield of c.8% at below average P/E multiple despite overall soft sentiment on the sector. While the replenishment of unbilled sales may be slow with delay in project launches, TILB remains one of the strong beneficiaries of the rising land prices in Penang mainland with attractive margin.
Valuation
Target price is lowered to RM1.23 (from RM1.27) based on unchanged discount of 45% to RNAV of RM2.26.
Source: Hong Leong Investment Bank Research - 28 Feb 2018
01/03/2018 06:50
fong7 never mention land bank. Who knows how many acres undeveloped landback Tambun has currently?
01/03/2018 07:18
fong7 Any other research paper available to share? Thank you! (remember RHB has it last time, not sure now still have it or not).
01/03/2018 07:19
David Thong Tambun is oversold and undervalued at current price! Look at its strong balance sheet, cash rich, low debt, current price below NAV, etc. Profits are dropping is because of slowdown in property market, not the company's problems. The bottom line is property market will recover sooner or later. DYODD!
02/03/2018 09:18
skvt9 anyone know about the latest unbilled sales in Q1 2018? there is chance that we wont get any dividend in 2018 if their distribution policy is 40% of profit. will looking to cut loss if Q1 result disappointed
02/03/2018 12:50
kancs3118 Hehehe ...waiting for RM0.75 ....in property, there is a time lag between property construction vs revenue recognition. This means that unbilled sales take about 2 years to be fully recognised. So, this two years will be pretty tough on Tambun. Hence, if wanna hold long long....wait till RM0.75
03/03/2018 08:40
kancs3118 Having said that, Tambun is still a good company. Competent and honest management. And it's existing 100+ acres of landbank near to Batu Kawan is still a crown jewel.
03/03/2018 08:42
kancs3118 What I am trying to say is that ....no hurries to buy...still a long way to drop...
03/03/2018 08:44
geary http://www.valuewalk.com/2018/01/8-quantitative-rules-of-dividend-investing/
04/03/2018 21:28
investor1888 Tambun MD Teh is accumulating.
05/03/2018 23:09
geary Haha... boarded...@>75% Margin of Safety. Good luck...!!!
06/03/2018 09:27
skvt9 Wow, Uncle Teh bought 2.5 mil shares @0.8
08/03/2018 21:16
David Thong It is a good sign that CEO is accumulating! It brings confidence to shareholders
12/03/2018 00:50
geary https://www.valuewalk.com/2018/03/seth-klarman-what-is-an-appropriate-margin-of-safety-before-making-an-investment/
21/03/2018 20:01
David Thong Super undervalued
06/04/2018 11:25
kancs3118 Because unbilled sales is virtually non existent !!
06/04/2018 20:48
David Thong So what should we do now? Buy more? Hold and monitor?
07/04/2018 00:14
Yippy68 74 Sen. Lowest in 5 years, how much it can fall further?
07/04/2018 02:37
David Thong Any idea when is the AGM? Maybe wait for the announcement for earning results and dividend?
09/04/2018 12:18
David Thong Any idea when is the quarter result release date ?
If uncle teh still paying good dividend then can buy more!
10/04/2018 18:17
greatest94 Uncle Teh bought back 783,000 shares at 73.5-74.0 sen and propose 4.7 sen dividend.
13/04/2018 01:52
cy91 wa this one worst than iwcity
13/04/2018 12:53
geary Haha... Bought n Hold... Averaging...@<0.85...We shall see...its sustainability...!!!
13/04/2018 17:17
Lim Tek Wai worst ever
13/04/2018 17:44
geary Hahaha...lowest in 5 years...n not 52 weeks...>45%... below its NTA... that's for asset play...like Bank, Utility, Reit, n others​ holding big assets. TQ.
13/04/2018 18:23
kancs3118 Problem with Tambun is its virtually non existent unbilled sales. The drip in share price commensurate with the drop in its EPS.
13/04/2018 19:16
kancs3118 Another way to prop up its share price is via the payment of dividend .
13/04/2018 19:16
nikicheong http://www.theedgemarkets.com/article/penang-residential-overhang-more-doubles-2017
17/04/2018 21:58
ZEPAN Very cheap now, perhaps to collect for the dividend.
18/04/2018 14:17
David Thong Yes, I agree. Hold or buy more on dip to collect dividend while waiting for the earnings to shoot up again.
18/04/2018 19:02


 

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