Highlights
KLSE: TAMBUN (5191)       TAMBUN INDAH LAND BERHAD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.02   -0.01 (0.97%)  1.02 - 1.04  590,000
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Overview

Market Cap: 442 Million
NOSH: 434 Million
Avg Volume (4 weeks):439,575
4 Weeks Range:0.995 - 1.19
4 Weeks Price Volatility (%):
12.82%
52 Weeks Range:0.995 - 1.54
52 Weeks Price Volatility (%):
4.59%
Average Price Target: 1.35
Price Target Upside/Downside: +0.33

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#3]  |  22-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  23-Feb-2018
T4Q P/E | EY: 4.30  |  23.24%
T4Q DY | Payout %: 2.94%  |  12.66%
T4Q NAPS | P/NAPS: 1.33  |  0.77
T4Q NP Margin | ROE: 34.05%  |  17.82%

Headlines

Date Subject
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
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

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.
 
nikicheong Man man lah. No hurry one. It's a good company for the long-term but the short-term is very, very challenging. Can start buying now if you want but make sure to average down every 10% drop and DO NOT SELL OFF no matter what!

I personally wait a while more before I get in. See if can get below one Ringgit or not.
09/11/2017 19:14
shortinvestor77 Smart investors.
09/11/2017 20:14
primalee Tambun properties affected by recent flood in Penang and Bukit Mertajam anyone?
10/11/2017 23:52
Patrick13 @Yippy68, hold 7 years.. Not easy man!
11/11/2017 11:13
khcheah84 big boy sold this stock
13/11/2017 21:41
nich0las WOW, big offer. 1.02-1.03
14/11/2017 12:37
nikicheong I would still hold out for a better offer. No hurry. Patience. However, if you are itching to buy now...start buying at RM1.02 if you must (@ 0.8X P/BV)...on two very key conditions:

1) You average down every 10-15% drop in price
2) You are able to hold for the very long term (i.e. 5+ years)

I guarantee close eyes this stock will net you double the returns in five years time (price gains + dividends). Stay the course. Do not waver.
14/11/2017 13:03
jerrynyew 业绩差不多要出来了 不知道是否可以抬起来
16/11/2017 17:35
chanyh looks like kwap continue to dispose, share price might be plunge below RM1. 希望业绩别太差就好 /.\
20/11/2017 13:41
wusichen banyak sakit....
20/11/2017 15:03
nikicheong Just sell lah for now. Did you read the report about unsold residential units at 130k vs 10 year average of 72k? We are not at the bottom. More pain to come. There might have to be a severe correction in the property market.
20/11/2017 15:26
Bullorbear777 wow, big discount
20/11/2017 18:51
bennike129 I sold off mine some time back, preserve your capital first. If you really like this counter, you can buy back when it's stable again or when you see better prospect
21/11/2017 08:41
21/11/2017 09:02
Yiyi Um Nonono, 30 cents
22/11/2017 00:46
chanyh Dividend 3 cent announced..
22/11/2017 17:38
chanyh better compare to preceding quarter in term of QOQ..okay la not bad.. xD
22/11/2017 17:46
Alex Lim Yes. Not bad. Well managed
22/11/2017 18:13
cynachen Latest quarter :

As at 30 September 2017, the Group achieved an average take-up rate of 75.0% for its ongoing projects, with a total Gross Development Value of RM1.16
billion; and unbilled sales of approximately RM95.03 million. These should contribute positively to the Group’s earnings for the next two years.

Previous quarter :

As at 30 June 2017, the Group achieved an average take-up rate of 78.7% for its ongoing projects, with a total Gross Development Value of RM1.58 billion; and
unbilled sales of approximately RM132.78 million. These should contribute positively to the Group’s earnings for the next two to three years.

Still no news on new landbanks ke? :-(
22/11/2017 18:22
nikicheong Are you guys crazy or what? The stock market is ALWAYS forward looking. Go and see the drop in unbilled sales. Latest figure is a measly RM95mil! There will be minimal revenue in upcoming quarters and profits will crash as the unbilled sales keep dwindling.

Tambun is a very good long-term prospect. But just based on this Q result I will not get excited. Rather the unbilled sales is at an ALL TIME low and not being replenished. Revenue is basically coming from here alone.
22/11/2017 19:15
shortinvestor77 That's how you think, nikicheong, not how we as shareholders think. No share don't talk cock here.
22/11/2017 23:02
shortinvestor77 Emir Zainul/theedgemarkets.com

November 22, 2017 19:25 pm +08



KUALA LUMPUR (Nov 22): Tambun Indah Land Bhd, whose third-quarter net profit fell 5.3% year-on-year, plans to launch three new developments with a combined gross development value (GDV) of RM213 million over the next 12 months.

Net profit for the three months ended Sept 30, 2017 (3QFY17) fell to RM23.89 million from RM25.23 million a year ago, mainly due to fewer ongoing projects and lower new property sales recorded given the overall market condition. Its new property sales came in at RM31.99 million in 3QFY17 compared with RM32.96 million in 3QFY16.

Earnings per share were also lower at 5.51 sen compared with 5.92 sen, while quarterly revenue dropped 16.9% to RM70.97 million from RM85.44 million, according to Tambun Indah's filing with Bursa Malaysia.

Nevertheless, the Penang-based property developer declared a first interim dividend of 3 sen per share for the financial year ending Dec 31, 2017 (FY17), payable on Feb 12, 2018.

For the cumulative nine months (9MFY17), Tambun Indah recorded a 12.2% decline in net profit to RM67.97 million from RM77.41 million a year ago, while revenue fell 20.6% to RM221.56 million from RM279.08 million.

On prospects, Tambun Indah warned that the outlook for the property industry continues to be challenging.

"Based on the foregoing and subject to successful implementation of the projects, the group expects to achieve satisfactory performance in the current financial year," it said.

In a separate statement, Tambun Indah said two of the three new projects to be launched are Palma Residency and Permai Residency, which are located at Bukit Mertajam, Seberang Perai Tengah.

The RM50 million-GDV Palma Residency features 90 two-storey terrace houses and is anticipated for launch by end-2017.

Permai Residency, meanwhile, comprises 92 units of two-storey terrace houses, with a GDV of RM53 million. This would be the first phase of Tambun Indah's development project in Kota Permai and is planned to be launched by September next year.

The third upcoming development is Palm Garden, located at the Pearl City township. This RM110 million GDV project features an 18-storey apartment block with facilities, comprising 335 units of serviced apartments.

"Overall, Tambun Indah reported average take-up rate of 75% across ongoing projects of RM1.2 billion GDV. The group also currently has a pipeline GDV of RM3 billion, as well as unbilled sales amounting to RM95 million, which should contribute positively to the group for the next two to three years," it said.

Tambun Indah shares closed unchanged at RM1.01 today, bringing a market capitalisation of RM437.63 million.



http://www.theedgemarkets.com/article/tambun-indah-pays-3-sen-dividend-amid-lower-profit-3q-launch-rm213m-gdv-projects
22/11/2017 23:02
shortinvestor77 Too good result with this price of RM1.01. Pearl City is really a right development project for Tambun to sustain the property downturn nowadays. A Like Matrix that develops the Sendayan Township.
22/11/2017 23:05
nikicheong So you are saying they will be able to sustain their business? I think RM1.02 is a decent buy in point to get one foot in, but at the same time the property situation is extremely weak all over the country.
23/11/2017 00:45
cwkhor Developers’ shrinking unbilled sales not quite a concern
http://www.theedgemarkets.com/article/developers-shrinking-unbilled-sales-not-quite-concern
23/11/2017 08:59
nikicheong RHB cuts TP from RM1.35 to RM1.10.

http://rhb.ap.bdvision.ipreo.com/NSightWeb_v2.00/Handlers/Document.ashx?i=9ada1678a11e42f5890b54ea3f1fc342
23/11/2017 09:14
nikicheong @cwkor, from your link:

"“As long as unbilled sales visibility remains close to one year in general and also assuming that developers can maintain flattish sales over the next couple of years, it would mean steady earnings trajectory over the next few years."

Tambun unbilled sales does not even offer visibility for 1.5 quarters. It is indeed worrying.
23/11/2017 09:32
shortinvestor77 Nikicheong, no share don't kacau here.
23/11/2017 09:40
shortinvestor77 Tambun developr knows what to do, not you. Tambun knows well about their business and we shareholders too, not YOU, PENGACAU!
23/11/2017 09:41
shortinvestor77 YOU HAVE NEVER EVEN MANAGED A PROPERTY COMPANY IN LIFE, I GUESS!
23/11/2017 09:42
shortinvestor77 TAMBUN HAS BEEN PRODUCING QUIET A GOOD RESULT SINCE YEAR 2015 (PROPERTY MARKET DOWN) AND YOU STILL JEALOUS IT IS NOT LIKE HUAYANG.
23/11/2017 09:44
shortinvestor77 TAMBUN SAYS ITS UNBILLED SALES CAN LAST FOR 2 YEARS. THEN JUST ACCEPT THAT. DO YOU THINK OTHERS LIKE YOU AND THE EDGE KNOW BETTER THAN TAMBUN ITSELF? SILLY YOU!
23/11/2017 09:48
lantian RHB is not God. Property challenge not for Tambun only. Please know the trend but do not comment negatively on Tambun only.
23/11/2017 09:51
shortinvestor77 THIS RHB ANALYST Analyst
Loong Kok Wen, CFA
HAS SHE MANAGED A PROPERTY COMPANY BEFORE? SURELY NO. HOW TO TRUST HER? SILLY TO SIMPLY TRUST THOSE ARE NOT THE EXPERTS!
23/11/2017 09:52
nikicheong @shortinvestor, Tambun has been saying its unbilled sales can last for 2 years for donkey years. Go read their Q reports from 2014-2015 when unbilled sales was hundreds of millions of ringgit.
23/11/2017 09:55
Woody Whatever.. just collect 3cent dividend in January.. ;D
23/11/2017 09:55
shortinvestor77 http://www.klsescreener.com/v2/news/view/309457
23/11/2017 09:56
shortinvestor77 from 2014-2017, ALREADY 4 YEARS. IT LAST FOR MORE THAN 4 YEARS. IT IS NOT LONG TO SAY IT CAN LAST FOR 2 YEARS AS YOU SEE. AND IT WILL LAST FOR AT LEAST 2 YEARS AGAIN. SILLY NIKI.
23/11/2017 09:58
shortinvestor77 PETALING JAYA: Lot 15, Sime Darby Property’s latest development in Subang Jaya, achieved a strong 64% take-up rate within two days of its official launch on Nov 18–19.

A total of 130 out of 204 units offered for sale were quickly taken up by purchasers over the weekend, an indication of good demand for the newest residential property nestled in the self-contained, bustling and affluent urban centre of Subang Jaya City Centre (SJCC).

Lot 15 serviced apartment units are still available for the public to purchase.

Prices range from RM 593,888 to RM 1,009,888 before Bumiputera discount and sales rebate, with built up areas from 624 sq ft to 1,001 sq ft and unit types ranging from 1+1 to 2+1 bedrooms.

The sales package also includes legal fees on SPA & disbursement, loan legal fees & disbursement and maintenance fees for 12 months.

A special additional discount of up to 3% is available for Sime Darby Property PRIME members.

Sime Darby Property Managing Director Datuk Sri Amrin Awaluddin in a statement said, “This is a great start for the development and we are humbled by the good response.
23/11/2017 09:59
shortinvestor77 SEE FOR YOURSELF PEOPLE STILL BUYING PROPERTIES TO STAY OR INVEST. NOT LIKE WHAT YOU THINK, DOWN!
23/11/2017 10:00
shortinvestor77 EVEN MY FRIEND JUST TOLD ME THAT DESA PARK CITY PROJECT IN PJ/KL SOLD MORE THAN 95% AFTER JUST LAUNCHING. SO NO MONEY DON'T INVEST/BUY LAH!
23/11/2017 10:03
lawrencehl Mr.Teh keep collecting the share since OCT
23/11/2017 10:40
lawrencehl If business not running well why he keep collecting now instead wait for lower price?
23/11/2017 10:43
shortinvestor77 Of course, Mr. Teh knows the value, unlike nikicheong.
23/11/2017 11:13
nikicheong Jokers you all. Do you see the amount and frequency bought vs his total shareholding and director salary? Think a bit more critically lah.
23/11/2017 11:28
shortinvestor77 You have zero holding here, nikicheong. Still like to talk cock! PENGACAU!
23/11/2017 11:57
nikicheong I am so excited man. I will be a Tambun shareholder, sooner than you know it. I have been patiently waiting since ~RM1.50. Look at my comments above.
23/11/2017 16:56
Bullorbear777 Nikicheong, make it fall below 90 sen and i will enter
23/11/2017 20:21
shortinvestor77 That's why I know nikicheong has zero share here. Talk in future when you hold it. Otherwise diam lah!
23/11/2017 20:32
Yiyi Um 吵死人
23/11/2017 21:06


 

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