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.
azlan88Titijaya is also fast catching with Tambun. Today titijaya add 8cent to RM1.80. Investors anticipate 10cent dividend (from full quarter) from titijaya while Tambun only give 6.6cent for last FY13. However this year, Tambun's dividend will be higher since Tambun will book all profit from subsidiaries. Last year they made 64mil net profit while 23mil (almost half!) goes to minority shareholders. This year RHB targets tambun to made 92mil net profit which brings the EPS to 23cent.
Tambun has targeted to give out 40-60% from net profit as dividends. If 40%, it is more than 9cent per share which is at par with Titijaya. Cheers!
Saturn888Wah tonite can celebrate again with tambun peah......
kancs3118well....i think RM2.00 is a very fair price. Let us not get ahead of ourselves. Look at MahSing - its share price is at RM2.1x and it is alot bigger than TI. POint is - Mah Sing is quite undervalued.
Hopefully, MahSing will focus on township development catering for middle income group ( the best market segment in view of this cooling down measures introduced by Federal government).