Bob, like I said… they should be thinking of monetising quite a few of their assets that I’m sure will never be become factories. I haven’t had time to study the locations of all those real estate assets but, if some of them are adjoining parcels of vacant land, then TG can be a real estate developer. In fact, I think they should seriously think about it. Or work harder a bit and spin off a REIT…
I personally think Tan Sri bought investment properties (in his private ventures) for his own reasons. For me, I think his purchase of Icon Tun Razak long time ago was decent but his purchases of Mines2 and the Menara PJD was a bit short sighted imho. These are all using his own money, nothing to do with TG
TG is one of the best fundamentally sound PLCs in Bursa. Their balance sheet is superb; RM4 Billion in non current assets, borrowings are super ok, equities absolutely trounce liabilities
It’s just that the mood is bad for gloves. TG should not be 70cts
If some recall, I traded this more than a month ago. I think it’s worth looking at; how many PLCs can claim more than RM200M in FYE net profit?
TG should sell some of its 100 properties (many are vacant land). They’re paying interest on vacant assets. They’re unlikely to build more factories on those vacant land… or they can become an industrial developer. TS LWC is an avid property guy as we all know
A public listed company is not defined by opportunities and circumstances when it comes to its share price. Why are we here? The company’s performance or its share price movements?
Record breaking profits with no real enthusiasm from “investors”. Cash balance reduced, debtors and creditors both increased, liabilities way higher than equity. That’s at least 3 quarters in a row last time I checked
Developers want to make as much money as possible. Escalation of land cost have made them construct bigger properties. “Build them bigger and they will buy”
It’s like shops. From single storey to double storey to multiple stories now
This is where the local district offices have a huge part to play. They must be wary of granting high plot ratios for any land. Plot ratios are super important to developers
Many many years ago, I had approached PPB and they told me they have a piece of land for sale along Jalan Perak near KLCC. I had emailed TS Leong Hoy Kum (he was “only” a Dato back then, he personally replied emails… now he has at least two secretaries) and he replied with a “Give me all the info you have, Anthony”. He didn’t buy bcoz the plot ratio wasn’t high enough to justify PPB’s asking price
Mah Sing is a prime example of building as much as they are allowed. Look at the former badminton stadium along Jalan Cheras; JV with DBKL, big plot ratio. The skyline and horizon has been completely blocked out by all those thousands of apartments, sigh…
Hopefully lessons will be learned why a substantial shareholder sold until they are no longer substantial shareholder
It’s summarised as “We took profit. We can then trade w/o the company needing to announce our shareholding changes”
We’re not talking about a shareholder selling from over 10% (EPF) or 6% (PNB) to 2-3% in around 6-7 years. These two funds don’t do that if they believe in a company. EPF keeps buying Dialog for interest’s sake
Anyway, peace. I understand. I want all stocks to go up but it’s very clear to me HY simply has bad fundamentals. In fact, their fundamentals keeps deteriorating qoqoqoq
The super profits and its share price… there you have it…
On 10 June 2021, I had emailed Syscorp attn to Richard Ling with a business proposal to raise funds for Syscorp. They weren’t interested. I bought on 15 July 2021. This is usually one of the ways I invest in a stock; same thing happened with MSC after I spoke with them whereby they said they don’t need to raise funds (MSC was below RM2 at the time, I bought, sold up to my cost to own free shares and then gradually started selling at RM5 and eventually sold all of it after tin price slumped badly)
Queued at 8.31am today to sell half my Syscorp holdings at 0.770, all matched at 9.46am!
Bad fundamentals qoqoqoq. Big local funds kept selling. Inconsistent dividends.
Go have a dialogue with EPF and ask them what’s their rationale and criterias for investing (as in buying and buying one company’s shares instead of selling and selling another company’s shares). They will answer with only one worD (with two reasons).
I had posted here several times HRC has bad fundamentals (just check and compare the numbers for the past 3 quarterly reports, check the cash in hand, the debtors, the creditors, the equity vs liabilities… it’s bad) and that both EPF and PNB had sold down their holdings substantially from circa 2015-2017 (from more than 10% to 2% for the former and from 6% to 3% for the latter). Both became non substantial shareholders and because of this they can trade without any need for company announcements
If you are interested in OnG counters, go check which one specific counter EPF have been buying and buying (EPF held 11% based on that company’s 2021 AR). Super good fundamentals. RM8 Billion equity vs RM3 Billion liabilities
Hengyuan’s fundamentals keep getting worse every single quarter. EPF and PNB kept selling til no more being a substantial shareholder (and so they can trade, pump, dump whenever they choose w/o any need to disclose)