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2013-11-16 13:14 | Report Abuse
So who is buying? i think the company has been through the same RPGT in previous years, taking into account of how long its been around.
Thinking thinking.....what other factors to consider?
2013-11-15 17:54 | Report Abuse
i see, so to value a property company is through NTA? what about their future development prospects? if i'm mistaken their take up rate is quite good. Cause i went to see the ara project and its i think 70% booked.
If i calculate correctly, their launches for 2013 and 2014 will amount to 2b
2013-11-15 16:22 | Report Abuse
but from Kenanga They provide Titijaya’s Fair Value at RM1.75 based on a conservative 40% discount to their DCF-driven FD RNAV of RM2.91. Net gearing to likely pared down to 0.04x post-IPO.
In short to midterm Titijaya price may not perform well due to market sentiment. In long term it's a good stock due to its landbank.
With dividends up to 30% and good future projects in the pipeline, pretty high margins for a property developer
http://www.theedgemalaysia.com/business-news/262408-ipo-kenanga-subscribe-to-titijaya-fv-at-rm175-.html.
Seems pretty solid... how do you decipher this?
Blog: IPO - Titijaya Land Berhad (TITIJYA)
2013-11-18 00:11 | Report Abuse
This blog here shows much confidence in Titijaya's stock..
http://www.investlah.com/forum/index.php?topic=60011.msg1155988;topicseen