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KLSE: TNLOGIS       TIONG NAM LOGISTICS HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.73 0.98     +0.25 (34.25%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
27/11/2018 0.825 0.75 -0.075 (9.09%) HOLD MIDF Price Target News
27/11/2018 0.825 1.04 +0.215 (26.06%) HOLD HLG Price Target News
27/11/2018 0.825 0.86 +0.035 (4.24%) HOLD Affin Hwang Capital Price Target News
08/11/2018 0.90 0.92 +0.02 (2.22%) HOLD MIDF Price Target News
07/09/2018 0.98 1.04 +0.06 (6.12%) HOLD HLG Price Target News
28/08/2018 1.02 1.02 0.00 (0.00%) HOLD MIDF Price Target News
28/08/2018 1.02 1.02 0.00 (0.00%) BUY HLG Price Target News
28/08/2018 1.02 1.25 +0.23 (22.55%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
27/11/2018  MIDF Tiong Nam Logistics Holdings Berhad - No Rerating Catalyst in the Near Term
27/11/2018  HLG Tiong Nam Logistics Holdings - Earnings Decline
27/11/2018  Affin Hwang Capital Tiong Nam - Earnings Disappoint
08/11/2018  MIDF Tiong Nam Logistics Holdings Berhad - Scaling Back on Its Expansion Plan
07/09/2018  HLG Tiong Nam Logistics - Reduced Plans for Warehouse Expansion
28/08/2018  MIDF Tiong Nam Logistics Holdings Berhad - a Rather Mixed Quarter
28/08/2018  HLG Tiong Nam Logistics Holdings - 1QFY19 Within Expectations
28/08/2018  Affin Hwang Capital Tiong Nam - Good Start to the Year



  10 people like this.
 
Sinopsis Oversold already
06/10/2018 19:18
sengkee safe to buy now? nampak murah je..
08/10/2018 10:15
jowong7 @henry,tntt收购wong eng应该是另有安排,我就不相信他们要做电子行业. 东南房地产已经有足够能力独立上市.这半年股价下跌是在低成交量下进行.而且30大股东也没什么变化。种种因素值得去思考思考.
08/10/2018 16:15
jowong7 @henry,你再看看wong eng 也在频密的做企业活动.最近要发bonus,目的就是要提高股票量.
08/10/2018 16:17
henry1112 @jowong7 有道理,我也发现到确实有人在压台保持价位。所以你觉得种种动作会是对小股东有利还是不利?
09/10/2018 12:10
jowong7 @henry如果真的是把房产业务分拆上市,好处多过坏处。你也常常听到很多人说tiongnam不是纯纯的物流公司,是个房产公司,因为这个原因估值一直跑不上去。分拆了,tiongnam就变纯物流股票。第二是,目前tiongnam有200mil的债务在房产业务,这一步可以把200mil债务移到wong eng,而且wong eng 是0债务,绝对有能力吃得下。我们小股东又很大可能分到dividend-in-specie,何乐而不为呢。

不过大前提是这个要是真的啦,在这说也是说说.haha
09/10/2018 13:14
sengkee Hohup-WA which is RM0.02/0.025 now will expire on 21 Dec 2018. Exercise Price is RM0.60. Mother now RM0.41.

TNlogis-WC which is RM0.015/0.02 now will expire on 26 Dec 2018. Exercise Price is RM1.00. Mother now RM0.92.

Genting-WA which is RM0.09/0.095 now will expire on 18 Dec 2018. Exercise Price is RM7.96. Mother now RM7.60

Actually what affects their prices? Can have such a huge difference.
10/10/2018 11:37
jowong7 nice! 50% down from 52 weeks high! warehouses on firesales!
10/10/2018 12:18
jowong7 good good.cheaper the better.more discount to buy their shah alam warehouse.
10/10/2018 15:11
Kymkym Sell.... Bye
11/10/2018 09:30
henry1112 oh no by the time i come back ald 0.90, ok will grab more
11/10/2018 16:25
henry1112 how no hope?
11/10/2018 16:52
jowong7 E-commerce boom driving demand and investment in Asian warehousing

Asia’s online retail revolution is driving major increases in logistics real estate investment, but a shortage of suitable e-commerce warehousing remains.According to data compiled by property consultant Knight Frank, this year has so far seen China record a 52% year-on-year jump in e-commerce-driven real estate development.

Cainiao will invest US$1.5bn to build a logistics centre at Hong Kong International Airport (HKIA) and has plans to establish similar hubs in Dubai, Hangzhou, Kuala Lumpur, Liège and Moscow. In Thailand, a $330m facility is slated for a site close to Bangkok and Laem Chabang port.

He said one challenge was the increased demand for urban locations, with retailers desperate to bring supply chains closer to consumers.

“The closer the warehouse to the customer the better, so urban infill locations will be in demand. But this comes with added costs, such as higher rents, efficiency and social costs – imagine a 24-hour e-commerce warehouse with its large delivery truck fleet in a high-density urban area.

“However, quicker delivery time and increased business in a competitive landscape could justify these additional costs to the supply chain,” Mr Holt noted.
12/10/2018 17:00
jowong7 Logistics and warehousing provider, Tiong Nam Logistics Holdings Bhd has invested RM96.8mil in capital expenditure (capex) in the nine months ended Dec 31, 2016, as part of its ongoing expansion programme.

The capex is mainly to increase the storage space at its existing warehouses in Malacca and Johor, and to enhance its Automated Storage Retrieval System (ASRS) in Shah Alam.

Another shift is in the design. Given the fast-moving nature of e-commerce products, warehouse operators need to be able to keep their stocks moving. That leads to automated storage and retrieval systems (ASRS), which use technology to automate placement and retrieval of loads from their storage locations, Labrooy says.

“Automation with ASRS is now being seriously evaluated by many of the leading logistics operators in Malaysia, who recognise that the largest part of their cost is labour and not rent,” he adds.
12/10/2018 17:01
jowong7 when market crash, shahalam warehouse with asrs will become dirt cheap. waiting for the right chance to buy valuable gem with increasing value.
12/10/2018 17:06
jowong7 market has failed to understand these embedded value. simply valuing land and building based on psf is not enough. so many resources put into warehouse automation and cold room(very important chain in ecommerce) and the market choose to give zero value on it.
12/10/2018 17:17
jowong7 所以不要追高不要看投行报告来买咯。投行报告看他们的facts够了,不要看他们的forecast.他们写的东西很短线,看风变的。
12/10/2018 17:46
jowong7 如果你心里价6,7毛,你就应该等一两毛才买。买股要买你对它有信心的。没信心的就踢走它不要看。几千粒股票给你选,何必为了一粒你没信心的错失别的机会。风暴不是常常来。
12/10/2018 19:44
James Ng https://klse.i3investor.com/blogs/general/178023.jsp
[转贴] [TIONG NAM LOGISTICS HOLDINGS BHD:全球和区域经济环境预计将对其核心业务,物流和仓储服务部门构成挑战] - James的股票投资James Share Investing
13/10/2018 11:39
Sinopsis Wake up wake up
13/10/2018 17:45
henry1112 its not about when it can rebounds, its about when it touches the bottom....damn
15/10/2018 14:24
vioscity this year no have dividend announcement ?
16/10/2018 14:19
jowong7 Quoted from TheEdge "Group managing director Ong Yoong Nyock said the latest first quarter is the group’s third consecutive quarter of improvement in profits at the logistics and warehousing services segment, driven by higher value added services provided to customers and improved efficiency.

“Notably, we have also seen encouraging growth in revenue derived from MNCs (multinational companies), which contributed approximately 25% of the segment’s revenue in FY2018.

Going forward, we target to grow revenue contribution by MNCs to exceed 30% of segment revenue in FY2020,” Ong said."


Why MNC??? because of tradewar. MNCs' doing relocation.
16/10/2018 15:31
deathgodwoairuo why stil so many people exercise the warrant?
22/10/2018 19:43
Kymkym Up up
24/10/2018 11:00
Doer Recession is coming, seem it will still in low fly~~~
25/10/2018 11:17
jowong7 according to busyweekly interview with Victor Ong, Tiongnam stops expansion plan,already increase warehouse utilization from 70% to 80+%, coupled with the sales of property inventories past few months. based on this the management should be able to cut down borrowings by huge percentage.well prepared for financial crisis.

their future plan is to turn shah alam warehouse into Smart Warehouse using IoT.
29/10/2018 11:32
jowong7 conservatively, rental income from warehouses around 70 mil per annum, locked-up for 2 years. out of 2400 trucks and vans, only 400 owned by tiongnam, the rest are from leasing. flexibility to adjust operating cost when needed.
29/10/2018 11:39
henry1112 thanks for sharing.
09/11/2018 16:09
henry1112 EPF also selling out, any hope for this stock in short term?
16/11/2018 11:55
deathgodwoairuo any news for QR?
16/11/2018 21:06
Ggll9999 No hope for this counter
22/11/2018 15:27
henry1112 ya..keep dropping..any bad news coming out?
23/11/2018 16:20
jowong7 pos,cjcen,gdex,tasco all drop like no tomorrow this month,quartetly result all like shit. tnlogis was the 1st who reflected heavy competition in the logistic industry in their result since last year while other logistics stocks hold up fairly well then.

anyhow, management mentioned the company recovering from bad fy2018 result. let's see what's the quarterly this month.
23/11/2018 16:34
deathgodwoairuo warrant become toilet paper soon
23/11/2018 22:26
chukai24 warrant now have NOTICE TO WARRANT HOLDERS IN RELATION TO THE EXPIRY AND LAST DATEFOR THE EXERCISE OF WARRANTS 2013/2018
26/11/2018 09:39
6257 GG liao
26/11/2018 18:10
deathgodwoairuo haiz..rubbish counter...
26/11/2018 18:58
Ggll9999 Upset
26/11/2018 21:04
jowong7 Logistics and Warehouse

31 March 2017 —— Ebitda = RM14.42 million , Profit before Tax (PBT) = RM4.733 milion
30 June 2017 ------- Ebitda = RM 11.554million, PBT = RM1.342 milllion
30 Sept 2017 -------- Ebitda = RM 6.138 million, Loss = RM 3.872 million
31 Dec 2017 -------- Ebitda = RM11.275 million, Loss = RM110k
31st March 2018 --- Ebitda = RM18.682 million , PBT = RM680k
30 June 2018 ------- Ebitda = RM16.1 million, PBT = RM3.93 million
30 Sept 2018 ------- Ebitda = RM18.14 million, PBT = RM4.91 million

Try to delve in more details of their result, the logistics segment actually improved quarter by quarter and has normalised. For tiong nam, I prefered to focus on their EBITDA to determine their ablity to generate cash flow from their logistics and warehouse segment, based on their latest 3 quarters the EBItDA has normalised back to the range above RM15million. As long as they manage to keep their debt and finance cost down in coming quarters, they should be able to generate better PBT. Bearing in mind that the Laos warehouse is just up and running in October, we haven't seen any actual contribution from their Indo-China new venture but the cost already build-in.

The low quarter-to-quarter result comparison is due to zero profit from property segment. I always feel that Tiong nam should spin-off this segment and remain tiong nam logistic solution as a pure logistic play.
26/11/2018 23:19
nnMM If they book in the 80million property sales this quarter, the result will be very handsome. Dunno why they did not do so. Maybe, they predict this year will have no new launches, they smoothen the sales so that the property segment won't look so ugly next quarter
27/11/2018 00:34
Kymkym Damm down badly
27/11/2018 08:29
nnMM Economy is bad.
27/11/2018 14:00
jowong7 Yup. have a look at pos and tasco share price. logistic sector is always the first to suffer when economy turns bad.
27/11/2018 15:36
jowong7 Al-Aqar sells Selesa Tower to OISB for RM100mil cash.It said the disposal consideration of RM100mil was arrived at on a willing buyer, willing seller basis, with an independent valuer having ascribed a market value of RM100mil for the Selesa Tower in a valuation report on Oct 11, 2016.

The shareholders of OISB, which was incorporated on June 3, 2016, are Ong Yoong Nyock, Ong Wei Kuan, Lee Chung Chern and Gan Hong Lee.

The Ong family owned hundreds million or maybe billion worth of land,properties and hotel but all these assets are their personal wealth. Nothing to do with small tnlogis shareholder.
02/12/2018 11:55
6257 Warrant mati lo
03/12/2018 19:46
6257 8397wc until this friday only.
04/12/2018 15:32
henry1112 this stock still got hope?
17/12/2018 16:09
jowong7 Tnlogis(52weeks-High = RM1.4 Now= RM0.765 )
Pos (52weeks-High = RM5.4 Now =RM1.6 )
CjCen (52weeks High = RM1.12 Now =RM0.395 )
Gdex (52 weeks High = RM0.67 Now = RM0.26 )
Tasco (52 weeks High = RM2.3 Now = RM1.00 )

A comparison between logistic counters in Malaysia. All having a very bad year be it courier/last mile player or asset heavy player like Tiong Nam and Tasco.

Anyhow, value emerges. But how low could it goes? Something to ponder.
21/12/2018 15:17
lwyy60 Cash flow not good, soon issue share liao..Good luck all.
01/01/2019 04:39


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