Highlights
KLSE: TAMBUN (5191)       TAMBUN INDAH LAND BERHAD Main : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.16   +0.01 (0.87%)  1.14 - 1.16  177,200
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Overview

Market Cap: 503 Million
NOSH: 433 Million
Avg Volume (4 weeks):307,193
4 Weeks Range:1.13 - 1.22
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:1.13 - 1.54
52 Weeks Price Volatility (%):
7.32%
Average Price Target: 1.45
Price Target Upside/Downside: +0.29

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#2]  |  23-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  17-Nov-2017
T4Q P/E | EY: 4.83  |  20.71%
T4Q DY | Payout %: 2.54%  |  12.28%
T4Q NAPS | P/NAPS: 1.2735  |  0.91
T4Q NP Margin | ROE: 33.02%  |  18.87%

Headlines

Date Subject
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
10-Mar-2017 【阿弟】回顧 TAMBUN
01-Mar-2017 [转贴] Tambun FY 2016 Q4 季报分析 ~ BY 乡下小子
24-Feb-2017 Tambun Indah Land - Lower Sales Target for 2017
24-Feb-2017 TAMBUN INDAH LAND - 4Q16: Tumbling new sales
24-Feb-2017 Tambun Indah (HOLD) - Concern on shrinking unbilled sales
11-Jan-2017 名牌城宜家刺激发展.恒大置地攫峇都加湾商机
10-Jan-2017 Tambun Indah Land - Riding the Second Wave
04-Dec-2016 恒大置地财测遭下调
18-Nov-2016 Mplus Market Pulse - 18 Nov 2016
18-Nov-2016 Tambun Indah (HOLD) - Shrinking of unbilled sales

Business Background

Tambun Indah Land Berhad is a Malaysia-based investment holding company. The Company's subsidiaries are engaged in property development, investment holding and operation of car park, as well as project and construction management. It has a land bank of approximately 210.98 acres located mainly in Simpang Ampat, Bukit Mertajam, Juru and Butterworth in Penang. The Company's subsidiaries are Cenderaman Development Sdn Bhd, Denmas Sdn Bhd, Denmas Development Sdn Bhd, Epiland Properties Sdn Bhd, Hong Hong Development Sdn Bhd, Intanasia Development Sdn Bhd, Jasnia Sdn Bhd, Juru Heights Sdn Bhd, Langstone Sdn Bhd, Perquest Sdn Bhd, Tambun Indah Development Sdn Bhd, Tambun Indah Sdn Bhd, TID Development Sdn Bhd, TKS Land Sdn Bhd, Tokoh Edaran Sdn Bhd and Zipac Development Sdn Bhd. As of November 30, 2010, the Company had developed a total of 2,345 units of residential and commercial properties. In September 2011, the Company acquired Premcourt Development Sdn. Bhd.
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  15 people like this.
 
Bettyem 物业不是一个“优惠”行业?
https://klse.i3investor.com/blogs/MoMoTrader/129813.jsp
14/08/2017 10:50
Alex Foo where's my div? =(
15/08/2017 09:33
investor1888 Dividend already in last week
15/08/2017 09:39
bennike129 who else didn't get dividend? mine is CIMB
15/08/2017 09:45
Alex Foo i maybank. masuk normal account or investment account?
15/08/2017 09:46
Alex Foo i checked d...i didn't get =(
15/08/2017 09:47
bennike129 okay i just checked, it's debited directly to investment account on 14/8. check your investment account monthly statement. last time it's always debited to my saving account. :S
15/08/2017 09:51
Pakandak Andak I also maybank. .chked still not debited..who shsll I contact? To chk further? Tq
15/08/2017 09:57
shortinvestor77 I advise your all open personal account, not trustee account which dividend will go to investment bank account first before they distribute back to you with charges and GST! Personal/individual account get direct divident on time without any problem and charges. As an investors, you must be smart!
15/08/2017 10:05
Alex Foo @shortinvestor77

how to do ah? maybank can?
15/08/2017 10:29
Alex Foo ok i ask my maybank remiser d. she said will credit within these few days
15/08/2017 10:40
Pakandak Andak Thanks for the info..
15/08/2017 11:07
nikicheong Must invest with Direct CDS. No charges. Nominee makes you pay!
15/08/2017 14:39
ronin101 Ha ha, don't worry, company won't screw up on your dividends...
You already lost so much by price drop...
15/08/2017 15:34
Alex Foo @nikicheong

ic....i now ask my maybank remisier...see how she reply me first....my div only receive 16 Aug

she said money already received on 11...

then 12, 13, weekend

14, 15, 16 (on 16 i only get)

opportunity cost lol
17/08/2017 08:56
Bettyem 我的大部分朋友上周已经收到了红利 can sell already
17/08/2017 10:03
clchin89 May i know how to check dividend receive or not, i am using Maybank...
17/08/2017 22:16
nikicheong Quarter report seems to be later than the norm?

Anyways, and sharp drop due to reduced profitability should be seen as a buying opportunity.
19/08/2017 16:20
hongweigiet88 https://hongweigiet222.wixsite.com/website/single-post/2017/08/20/TAMBUN-5191---follow-up-on-technical-analysis-only
20/08/2017 14:01
nikicheong "Buy in near to RM 1.20, Cut Lost at RM 1.17"

Haha what a joker. I wish people did this. Depress the price further!
20/08/2017 15:30
Sam Mich Property bubble going to burst and property sector not doing good currently. Is it bad time to buy? Not sure how long property will take to recover so investment might drop for at least 5 years or more?
21/08/2017 11:20
nikicheong Look at their analyst presentation slides. Their unbilled sales are rapidly declining, most of their ongoing projects already reach >90% completion, and there is only RM120mil GDV launched so far this year (plus another RM50mil by year's end). Next year GDV is around RM300mil.

If you add the numbers up, it's very clear that revenue is going to take a massive hit going in to H2 2017 and all the way through 2018.

Tambun might still be a decent long-term buy at these prices, but if you want to go in....don't go all-in one short. Allocate 1/3rd of your capital now, and average down the next 15% fall and the following 20% fall.

The beauty with Tambun is if the management is interested, they just need to buy some nice landbank and that will act as a major catalyst to boost share price by some 20-30% immediately.
21/08/2017 21:32
fong7 they are slowing down on projects launching due to take up rate not good enough, is it?
anyone has reports other than maybank on tambun? lack of info for this stock. Not even know how its undeveloped landbank condition. How many acres is there?
22/08/2017 13:50
godofgamble result drop.
23/08/2017 17:52
nikicheong Everything drop, unbilled sales now at critical level of RM132mil (despite launching two new projects with GDV of RM120mil during Q2 2017).

Tambun is a very good company with arguably the lowest cost of land held to GDV ratio of all Bursa Malaysia listed developers...however it has got terrible earnings headwinds for the foreseeable future.

I say hold your horses, wait for deeper value to emerge then buy and hold for the long term. I would wait till we get below RM1.10 (maybe even below RM1) to get in to Tambun given the current situation.
23/08/2017 18:54
shortinvestor77 http://www.klsescreener.com/v2/news/view/272469
23/08/2017 22:32
shortinvestor77 KUALA LUMPUR (Aug 23): Tambun Indah Land Bhd’s second quarter net profit dropped 29.67% to RM20.09 million, from RM28.57 million a year earlier, dragged by its property development division.
 
Revenue for the quarter ended June 30, 2017 (2QFY17) slumped 32.79% to RM70.12 million, from RM104.33 million previously, no thanks to fewer ongoing projects and lower new property sales recorded, given the overall market condition.
 
The Penang-based property developer did not declare any interim dividend.
 
For the cumulative six months (1HFY17), Tambun Indah’s net profit dropped 15.52% to RM44.09 million, from RM52.19 in the same period a year ago, while revenue declined 22.23% to RM150.59 million, from RM193.65 million.
 
Commenting on its financial performance, Tambun Indah said it had launched two projects in Penang during the latest quarter — the first phase of Pearl Saujana and Pearl 28 — valued at a gross development value of RM109.9 million and RM22.2 million respectively.
 
Tambun Indah said as at June 30, its ongoing projects — valued at RM1.6 billion in GDV — had achieved an average take up rate of 78.7%.
 
“The group noted steady progress billings from 13 ongoing projects, mainly from flagship township of Pearl City, including Avenue Garden, Raintree Park 2 and Pearl Tropika. Other developments beyond the township include Straits Garden, Bukit Residence, Permai Residence and Camellia Park,” Tambun Indah said in its statement to the local bourse today.
 
In the pipeline, the group's total property development projects are worth RM3 billion in GDV, while its unbilled sales amounted to RM132.8 million, which should contribute positively for the next two to three years, it said.
 
To date, Tambun Indah has launched more than 8,400 units of mainly residential properties in Penang, with total GDV of around RM3.2 billion. Its landbank stands at 631.46 acres, all of which are in Penang.
 
Tambun Indah said the outlook for the property industry continues to be challenging.
 
“Based on the foregoing and subject to successful implementation of the projects, the group will continue with its efforts to achieve satisfactory performance in the current financial year,” the statement added.
 
Shares in Main Market-listed Tambun Indah, controlled by its managing director Teh Kiak Seng with a 39.16% stake, closed unchanged at RM1.22 today, for a market capitalisation of RM528.63 million.
23/08/2017 22:32
fong7 thanks for the info!
wish to see you guys share some investment banks' report soon. I'm on cimb and too bad it doesn't cover tambun.
24/08/2017 15:20
fong7 this website used to share many IB's reports, but recently no more, so little.
24/08/2017 15:43
nikicheong Ask and ye shall receive (RHB report): http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Handlers/Document.ashx?i=9d0cf7a994ed43eab822e8d72a71a2e0

I can share Maybank report later.
25/08/2017 11:07
nikicheong https://eresearchsystem.bursamalaysia.com/eResearch/webdownload.pub?id=19899
26/08/2017 00:20
fong7 thank you very much, nikicheong!
29/08/2017 02:30
Fernooi https://www.nst.com.my/news/crime-courts/2017/08/274714/condo-residents-sue-building-developer-and-architect-allegedly-not#cxrecs_s
Subsidiary of Tambun Indah Land Berhad sued by purchasers on noncompliance etc.
31/08/2017 13:21
Fernooi http://www.kwongwah.com.my/?p=381808
31/08/2017 13:23
shortinvestor77 Subsidiary of Tambun Indah Land Berhad? Are you sure, Fernooi?
02/09/2017 11:58
shortinvestor77 Straits Garden Condominium in Jalan Tokong Batu (belong to Tambun?) V.S. Straits Garden Condominium @ Jelutong (belong to Tambun) in Jalan Jelutong.
02/09/2017 12:07
shortinvestor77 http://www.tambunindah.com/html/projects_details.aspx?ID=942&PID=931
02/09/2017 12:08
Fernooi Yes , Straits Garden in Jalan Jelutong is subsidiary of Tambun Indah, my friends have bought few unit over there and discover a lot of problem on the building
03/09/2017 14:18
Fernooi http://www.thestar.com.my/news/community/2012/10/03/over-50-of-condo-units-sold-in-three-months/
03/09/2017 14:35
shortinvestor77 http://www.enanyang.my/news/20170909/%e3%80%90%e7%8b%ac%e5%ae%b6%e3%80%91%e8%89%ba%e4%ba%ba%e5%95%86%e5%ae%b6%e7%ba%b7%e6%b6%8c%e7%bd%ae%e4%ba%a7%e7%bb%8f%e5%95%86br-%e6%a7%9f%e5%9f%8e10%e7%89%b9%e8%89%b2%e5%a4%ba%e6%b8%af/
10/09/2017 21:11
ronin101 fernooi.. so this is how investors of T.I. are screwed...? Lets see how the court case goes...
12/09/2017 19:42
addison25 Flood in penang
15/09/2017 21:24
chanyh From last dividend payout drop until now.. disappointed /.\
18/09/2017 11:48
Pak Andak actual what happen to this company? any news ..drop only..why
18/09/2017 12:01
yingchai Flood in Penang seriously affacted the property market there. A lot of foreign investors pull back their intention to purchase the property there. I think Tambun will be suffered for the next 1 year.... Target Price is RM1.00. Dun catch the falling knife.....
18/09/2017 12:03
chanyh I see, thanks for sharing.
18/09/2017 12:06
rocketflyfly this share is underprice !!!!!
18/09/2017 12:37
nikicheong Rocket, really? There are no near term catalysts. Unbilled sales at all time low in past 5 years, very few/low value new property being launched.

Yes, for long term is undervalue, but there is just no re-rating catalyst with likely very, very bad earnings and reduced dividends for the next 2 years.
18/09/2017 13:19
nikicheong My recommendation, unless you fully know what you're doing, best to just stay away for a while until you see some re-rating catalysts.
18/09/2017 13:21
shortinvestor77 Pearl City is not situated in Penang Island!
18/09/2017 16:50


 

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