PER BURSA ANNOUNCEMENTS, ESSOS WERE ISSUED TO STAFF FOR AS LOW AS ONLY 10 SEN. !!!

fishing_leg Back to basic, count share and price, get a bottom line. Do homework. When l see many esos, already feel something wrong and ppl laugh, but, l have good intention. This is place share share info. Not attack ppl
27/02/2017 17:20

I AM NEW TO RGB. WAS CONSIDERING BUYING AT MUCH HIGHER PRICES THEN BUT HELD BACK AFTER READING YOUR COMMENTS "ISSUANCES OF SO MANY ESOS AT LOW PRICES"
PLUS SOME OTHER COMMENTS ABOUT THE GIVING OF LOTS OF INCENTIVES AND HIGH MANAGEMENT FEES WHILE GIVING ONLY PEANUTS OF 0.003 SEN DIVIDENDS TO MINORITY SHAREHOLDERS " SCARED ME OFF.
ACTUALLY ANY IDEAS HOW LOW ARE THE ESSOS PRICED ? VERY IMPORTANT TO KNOW

IN FACT FOR FY2015 TROP PAID A 1ST INTERIM OF 2 SEN (PART OF TOTAL D OF 7 SEN)
FOR FY 2016 OUR 1ST INTERIM WAS HIGHER AT 2.5 SEN. HENCE OPTIMISTIC OF A REPEAT OF TOTAL D > 7 SEN FOR FYE 31/12/2016

FINAL DIVIDENDS WILL BE ANNOUNCED TOGETHER WITH ITS AGM DATE

THERE WILL ALWAYS BE FINAL DIVIDENDS

SUMMARY OF PROFITS AND DIVIDENDS/ DIVIDEND YIELD
=================================================
PROFITS (2016)
=============
1Q +16.9M
2Q +31.7M
3Q +36.9M
4Q +29.5M
TOTAL PROFITS 115M (EPS 7.87 SEN)
------------------------------------------------------

DIVIDENDS
=========
1ST INTERIM D 2.5 SEN (PAID 24/2/17)

FINAL D ( LIKELY COMPRISING
Treasury Shares 20.1m
equivalent to :- ) 1.37 SEN

PLUS CASH D 3.5 SEN
===========================================
TOTAL DIVIDENDS (EST,) = 7.37 SEN
===========================================

HIGH DIVIDEND YIELD OF 7.48 % (MUCH HIGHER THAN BANK FD AND EPF D)
==============================================================

WITH NTA 2.19 PER SHARE AND A LANDBANK MAINLY IN PRIME LOCATIONS IN SELANGOR AND KL (WITH GDV RM50Bs) AND ITS HIGHLY ATTRACTIVE DIVIDEND YIELDS, TROPICANA SHARES ARE SOLID FOR INVESTMENT. (2015 ALSO PAID TOTAL DIVIDENDS > 7% ).

2015 PAID CASH DIVIDEND OF 5 SEN.
2016 PAID 2 SEN IN LINE WITH REDUCED PROFITS.
2017'S PROFITS WILL BE VERY STRONG WITH EACH QUARTERLY PROFITS REGISTERING GOOD GROWTH:
1Q +4.OM
2Q +6.2M
3Q +10.0M
----------
9M +20.2M (ALREADY DOUBLED THAT OF THE WHOLE YEARS PROFIT FOR 2016)
===================================================================
ESTIMATED 4Q PROFIT +15M

TOTAL EST 2017 PROFITS 35M (EPS 11.3 SEN)

GOOD PROSPECTS FOR ITS DIVIDEND INCREASING BACK UP TO AT LEAST 5 SEN FOR 2017 (HIGH DIVIDEND YIELD OF 6.6% )

THE ABOVE PLUS MORE POSITIVE NEWS ON ITS GOOD SALES OF ITS STAR RESIDENCES OPPOSITE PETRONAS TWIN TOWERS AND ITS SG LONG LANDBANK
CAN SUPPORT ITS SHARE PRICE UP

NTA INCREASED FURTHER TO RM 2.12 PER SHARE

VERY GOOD 3Q PROFITS REPORTED (UP 378 % )

NEMESIS. I SHARE THE SAME VIEW AS YOU. SYMLIFE SHARE PRICE WILL SURGE UPNEXT WEEK BCOS:-
THE UPTRENDS IN BOTH ITS REVENUES AND NET PROFITS ARE EVIDENT IN ITS 1Q & 2Q RESULTS. SUPPORTED BY UNBILLED SALES OF >RM 1 BILLIONS AS THESE BECAME BILLED/RECEIVED AND RECOGNISED IN ITS ACCOUNTS.
HENCE BASED ON ITS HUGE UNBILLED SALES VALUE (WILL HAVE INCREASED FURTHER BY NOW SINCE ITS 2Q CLOSING AS AT 30/9/16) ITS 3Q REVENUES/PROFITS WILL ALSO REGISTER INCREASES WHEN ANNOUNCED LATEST BY TUESDAY 28TH FEB.

I MEAN CURRENT YEAR'S TOTAL NET PROFITS CAN AT LEAST DOUBLE THAT OF LAST YEARS.

GOOD/HIGHER RESULTS/PROFITS FOR 3Q AND 4Q FYE 31/3/17 EXPECTED.

ITS 6 MONTHS NET PROFITS AT RM10.2M HAD ALREADY EQUALLED THE WHOLE OF LAST 12 MONTHS NET PROFITS ALSO AT RM10.2M.

LIKELY THIS CURRENT YEAR'S FULL YEAR'S NET PROFIT CAN DOUBLE OR EVEN EXCEEDS THAT OF LAST YEAR'S. VERY COMMENDABLE BUSINESS PERFORMANCE

ITS PAID UP CAPITAL BASE IS STILL SMALL WITH ONLY 310 MILLION SHARES OF RM1 EACH. HENCE LOTS OF ROOM TO GROW. ITS NTA IS VERY STRONG AT RM2.09 BACKING PER SHARE.

ICON8888 HAS THE CORRECT ATTITUDE BY BEING PROFESSIONAL.
IN INVESTING ITS VERY ESSENTIAL TO FOCUS ON THE FUNDAMENTALS AND FINANCIALS OF THE COMPANY. EG ITS GROWING EPS AND ITS JEWEL IN ITS BUSINESS WHICH INCLUDE ITS SUKE HIGHWAY PROJECT AND ESPECIALLY ITS JOINT VENTURE IPP PROJECT IN VIETNAM IN WHICH ITS EPC FRONT PORTION WORKS ARE PROGRESSING VERY WELL AND HAD ALREADY STARTED TO CONTRIBUTE TO JAK'S REVENUES AND PROFITS (WILL SEE SEQUENTIAL QUARTERLY PROFITS JUMPING UP)

GOOD 3Q PROFIT WILL BE RELEASED SOON.
SEQUENTIAL QUARTERLY PROFIT UPTREND ALREADY SEEN.

REVENUE NET PROFIT
=======================
1Q 47.5M 4.0M

2Q 70.0M 6.2M

3Q (EXPECTED TO BE GOOD/HIGHER)

3Q REVENUE AND PROFIT WILL CONTINUE TO INCREASE BASED ON ITS UNBILLED SALES OF OVER RM1 BILLION (AS SALES REVENUES ARE PROGRESSIVELY RECEIVED AND RECOGNISED). ITS STAR RESIDENCES TOWER 1 AND TOWER 2 WERE CONFIRMED SOLD 95% AND 70% PER ITS 2Q RESULTS REPORTS (AS AT 30/9/16)
(VERY HIGH PROFIT MARGIN PROJECT DUE TO ITS CHEAP LAND COST OF RM500 PSF AND SOLD AT RM1800 PSF). ITS OTHER PROJECTS' SALES ARE ALSO QUITE GOOD DUE TO PRIME LOCATIONS.

SORRY FOR SPELLING ERRORS. WRITING VIA MY MOBILE
N I DONT HAVE MY SPECS WITH ME

AIMING FOR TARGET PRICE 1.88 SET BY SOMR BANK
N BROKERAGES. STRONG GROQTH COMPANY. STRONG
INTERNATIONAL BRAND. CATALYSTS FOR PRICE TO
GO UP INCLUDE GOOD GROFITS TO BE ANNOUNCED
FOR NEXT Q PLUS THE LISTING OF ITS ECOWLD INTERNATIONAL
FOR WHICH TOP BANKER QUEK OF HONG LEONG BANK
WILL SUBSCRIBE 27%

JV AGREEMENT SIGNED SOMETIME LAST YEAR. BUT SINCE
THE CONDITIONS PRECEDENT NEEDED TO BE FULFILLED BEFORE
IT CAN LEGALLY PROCEED. HENCE TROP CANNOT BOOK IN ANY
CAPITAL GAIN EARLIER.IF JV AGREEMEMT IS IMPLEMENTED
NOW, TROP CAN HENCEFORTH BOOK ITS
CAPITAL GAIN NOW.IN ADDITION TROP WILL ALSO BE RECEIVING
THE BALANCE OF SALES PROCEEDS OF ITS BB LAND TO THE
JV (90% OF THE AGREED SALE PRICE

TROPICANA WILL EARN ANOTHER BIG CAPITAL GAIN FROM THE SALE OF ITS BUKIT BINTANG LAND TO THE JOINT VENTURE PROJECT

CORRECT. THE LAND IS OWNED BY TROPICANA AND HAD BEEN SOLD TO THE J/V (WITH A RENOWN FOREIGN PARTNER ) COMPANY FOR THIS PROJECT. VERY PRIME LOCATION. THIS PRESTIGIOUS PROJECT WILL BE CREAM OF ALL THE COMMERCIAL PROJECTS BY TROPICANA. VERY PROFITABLE ONE FOR TROP.

LOTS OF GOOD ANNOUNCEMENTS IN NEXT 2 WEEKS INCLUDING MUCH BETTER 4Q/FULL YEAR PROFITS, LIKELY 2ND INTERIM AND/OR FINAL DIVIDEND PLUS A BIG PROJECTIN A PRIME LOCATION.

ALSO GOT TECHNICAL BUY CALL (WHICH LIKELY TO MATERIALISE SOON (AS VOLUMES HAD SPIKED UP) :-

TRADING IDEAS: TROP (5401)
Author: PublicInvest | Publish date: Tue, 10 Jan 2017, 10:04 AM



Target Price: RM1.13
Last closing price: RM1.02
Potential return: 10.7%
Support: RM1.00
Stop Loss: RM0.98
Possible for bottom fishing. Moving sideways for the past nine months, TROP’s share price is now supported above RM1.00. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should RM1.08 resistance level be broken, it may continue to lift price higher to the next resistance level of RM1.13.

However, failure to hold at support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 10 Jan 2017

Jay every price run-up will have consolidation/correction, just like previously went up to 2.60 and corrected to around 2.20. if you are good in timing, then can maximise gains but if not, better just let it run its course. of course this only applies if you think it's a good stock fundamentally
08/02/2017 09:14

AGREED WITH U ON ALWAYS D POSSIBILITY OF CORRECTION N CONSOLIDATION.
ESPECIALLY WHEN WE SEE A BIG SELLER AND HE STILL GOT 78M SHARES TO SELL.
YESTERDAY CLOSING THERE WAS INTENSE SELLING DOWN TO 2.80 TOWARDS THE CLOSE. MAYBE CAN TRY TO WAIT FOR CORRECTION TO BUY SOME. JUST BEING CAREFUL

4Q RESULTS IS TO BE RELEASED IN THE NEXT 1 - 2 WEEKS. TIMELY TO UPDATE N REVISIT ITS FUNDAMENTALS:-
PAE VALUE : RM1
NTA RM2.19
TREASURY SHARES AVAILABLE FOR DISTRIBUTION : 20.1M
QUARTERLY PROFITS (2016):-
1Q 17M
2Q 32M
3Q 37M
(9MONTH TOTAL PROFITS 86M)
4Q ( TO BE RELEASED SOON. UPTREND IN ITS SEQUENTIAL QUARTERLY PROFITS SEEN

4Q WILL DEFINITELY BE MUCH BETTER AS IN ADDITION TO ITS NORMAL PROFITS
DERIVED FROM ITS UNBILLED SALES OF 3.2B ITS 4Q PROFITS WILL INCLUDE
RM83M CAPITAL GAINS FROM SALES OF 3 NON CORE PROPERTIES.
BESIDES BRINGING IN SUCH EXTRA PROFIT GAINS THESE DISPOSALS WILL HAVE
REDUCED ITS GEARING FURTHER AND ENHANCE ITS FREE CASH FLOWS WHICH
WILL ENABLE IT TO PAY MORE DIVIDENDS. LAST YEAR PAID A GOOD TOTAL 7 SEN.
(2 INTERIMS PLUS 1 FINAL).
THIS YEAR SO FAR PAYING 2.5 SEN AS 1ST INTERIM ON THIS 28TH.
WITH RISING PROFITS AND REDUCED GEARINGS THE PROSPECTS ARE GOOD FOR
ANOTHER INTERIM AND/OR A FINAL DIVIDENDS (EITHER OF WHICH CAN INCLUDE
A FREE DISTRIBUTION OF TREASURY SHARES) VERY SOON.)

VALID REASONS TO BE OPTIMISTIC

HAPPY CNY

BUT IT IS IN TODAY'S NEWS.

Saudi Aramco shelves plans for Malaysia venture with Petronas: sources
Publish date: Wed, 25 Jan 2017, 10:44 PM
KUWAIT: Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on today.

The Refinery and Petrochemical Integrated Development (RAPID) at Pengerang in Johor was to have had a 300,000-barrel-per-day refinery and petrochemical complex with a chemical output capacity of 7.7 million metric tonnes.

Other facilities at the site, which was to have started operations in the first quarter of 2019, were to have included a liquefied natural gas (LNG) regasification terminal.

The sources did not say why Aramco's participation on the project had been put on hold. Aramco and Petronas officials could not be reached for immediate comment.

Petronas last year sought proposals for a US$7.2 billion loan for the project, with separate guarantees from the company and Aramco, Thomson Reuters IFR reported in June.

Energy companies have seen their finances squeezed by a two-year slump in global oil prices, prompting many to cut costs.

In early 2016, Petronas said it would cut spending by up to RM50bil over the next four years. -- Reuters

NEWS ARAMO SAUDI OIL TO CANCEL J/V IN RAPID OIL N GAS PROJECT.
CONTRACTORS ARE GOING TO BE AFFECTED.
WHAT ABOUT GADANG N KNM ? HOW NOW?

TROP PAID INTERIMS AND FINAL DIVIDENDS TOTALLING 7 SEN LAST YEAR. ITS A FACT.
FOR FYE31/12/2016 ITS FUNDAMENTALS ARE MUCH STRONGER AFTER A LOT OF DISPOSALS OF BIG VALUE NON-CORE ASSETS AND HAD REGISTERED INCREASING SEQUENTIAL QUARTERLY PROFITS. UNBILLED SALES RM3B WITH ONGOING PROJECTS STILL SELLING WELL AIDED BY THEIR PRIME LOCATIONS DESPITE THE CHALLENGING PROPERTY MARKET. GEARING IS ALSO VERY MUCH BETTER AFTER REDUCING FROM 0.77x to ONLY 0.30x.
WE ARE OPTIMISTIC

ANOTHER DIVIDEND ANNOUNCEMENT COMING NEXT MONTH, EITHER A 2ND INTERIM OR A FINAL DIVIDEND.WHEN ITS 4Q/FULL YEAR RESULTS/PROFITS ARE RELEASED

Read "1st Interim Dividend ....." implying more Dividends to come .
Like last year paid interims n final D totalling 7 sen
This year with increasing sequential quarterly profits n a stronger Balance Sheet
we can get higher Dividends espcially when bumper 4Q profits are announced next month
We wish to express our appreciation to Directors n Management for doing a commendable job
in a challengeable market environment. Thank You.

APOLOGIES FOR TYPO ERRORS. DID NOT USE MY SPECS

ADVANTAGEOUS TO OPT FOR DIVIDEND REINVESYMENT
OPTION BCOS IT IS BASED ON ONLY RM1.00 COMPARED
TO MARKET PRICE OF1.03.
NEXT NEAR TERM CATALYSTS INCLUDE VERY GOOD 4Q/FULL YEAR
PROFITS N A HIGH FINAL DIVIDEND (LIKELY TO BE A COMPOSITE
OF ANOTHER CASH + TREASURY SHARES (IT ALSO GOT ALMOST
20 MILLIONS SHARES TREADURY SHARES IN HAND PLUS
RM1 BILLION CASH IN ITS BALANCE SHEET.
GOOD LUCK TO ALL

DONT UNDERSTAND SUCH GIBBERISH

I THINK U MAY BE RIGHT. NOTED THAT THERE WAS NO REJECTION BY EITHER PARTY. JUST BANK NEGARA APPROVAL FOR MERGER TALKS HAD LAPSED DUE TO TIME CONSTRAINT. HOPEFULLY THEY CAN ASK FOR TIME EXTENSION TO CONTINUE NEGOTIATIONS.

Daiwa Securities to buy a minority stake in Affin failed to materialise.
How now?

NO ISSUES HERE
ALL ARE ENTITLED TO THEIR RESPECTIVE
OPINIONS N JUDGEMENTS OR STRATEGIES.
BUT THERE NO ULTERIOR MOTIVES IN JUST
HIGHLIGHTING THE FUNDAMENTAL FACTS BASED
PUBLISHED FINANCIAL STATEMENTS N OFFICIAL
ANNOUNCEMENTS.
MOREOVER NO ONE CAN BE SURE HOW SHARE PRICES MOVE.
GOOD LUCK TO ALL INVESTORS . ALL N SUNDRY

ALREADY ACCUMULATED TREASURY SHARES 20,096,035
AVAILABLE TO BE DISTRIBUTED

NOTED FROM ITS BALANCE SHEET GOT CASH IN HAND RM1 Billion as at 30/9/16
plus increasing quarterly profits plus much lower gearing = ability to pay good dividends.
A UNIVERSAL POSITIVE ON DIVIDENDS. IT BENEFITS ALL. BOTH MAJOR AND ORDINARY SHARE HOLDERS

MY FIGURE FOR CAPITAL GAINS RM 85.1M FOR FY2016 WAS CORRECT AS IT COMPRISED SALES OF 4 PROPERTIES (of which d Pudu property is just one of them.) I WAS REFERRING TO CAPITAL GAINS. NOT THEIR SALES VALUES WHICH WERE MUCH HIGHER. EG D SALE OF D ONE TO KENANGA INVESTMENT BANK WAS RM140M. (plse refer to the 4 properties sales details in my post on 5/12/16)
IN ADDITION to RM85.1m CAPITAL GAIN WHICH WILL BOOST UP 2016 PROFITS, THE NET SALES PROCEEDS OF RM313M (after settling related bank loans) will increase TROP'S FREE CASH FLOWS WHICH AUGERS WELL FOR HIGHER DIVIDENDS.

With d above announcement confirming the completion of d sale on 31/12/16, a summarised review n update is timely:-
A strong set of results for 2016 is very likely based on
. rising sequential quarterly profits had been seen
( 1Q 16m. 2Q 33m. 3Q 37m. 4Q expected to be higher due to asset disposals as detailed on 4/12/16.
( re-summarised here: Total capit gain 85.1m. Total net cash proceeds 313m)
These financial data plus its unbilled sales of 2.6b are indicative of very good/bumper 4Q profits.
Full year profits for 2016 should be excellent.

Will be getti.g our Interim Dividend 2.5 sen soon.
With expected 4Q/full yr profits to b very good, we should be getting a higher FINAL DIVIDEND.

LAST YEAR PAID DIVIDEND 7 SEN.

THIS YEAR LIKELY TO BE 7.388 SEN
(interim 2.5 sen plus final 4.838 sen comprising cash D 3.5 sen and Treasury shares 1.338/100)

(JUST MY ESTIMATE. HOPE MY WISH WILL COME TRUE IN FEBRUARY 2017.

HAPPY NEW YEAR TO ll

MANAGEMENT EXPERTISE IS THE KEY TO GOOD BUSINESS PERFORMANCE ESPECIALLY IN THE BANKING INDUSTRY. WITHOUT THESE, AN ISLAMIC BANK LICENCE WILL NOT ENSURE GOOD RESULTS.

WHEN IT HAD ALREADY PERFORMED BELOW EXPECTATIONS CAUSING IT TO HAVING TO CARRY OUT ITS DELINQUENT LOANS/IMPAIRMENT PROVISIONS OF AT LEAST RM1.6B OVER 2 YEARS, WILL IT BE ABLE TO DO WELL EVEN AS AN ISLAMIC BANK ?

DESPITE 3 RIGHTS ISSUES WITH INJECTIONS OF SO MUCH FRESH CAPITAL, ITS BUSINESS RESULTS ARE STILL NOT GOOD ENOUGH BY ALL FINANCIAL MEASUREMENTS.

USA FUNDS ARE ALSO ATTRACTED BY THE BULLISH NEW YORK STOCK MARKETS

USA BASED FUNDS ARE SELLING DOWN THEIR SHARES TO REPATRIATE BACK TO USA TO TAKE ADVANTAGE OF:
NEW US PRESIDENT OFFERING TAX AMNESTY FOR SUCH FUNDS TO GO BACK
HIGHER/RISING INTEREST RATES IN USA COMPARED TO MALAYSIA
WEAKENING RINGGIT TREND. HENCE SELL EARLIER B4 LOSE MORE IN FX
GENTING BHD HAS USA FUNDS OWNING IT. SEE THEIR SELLING

BE CAREFUL PEOPLE

THERE ARE COGENT REASONS FOR THE WEAKENED PRICE TRENDS.
NEW US PRESIDENT GOING TO OFFER TAX AMNESTY FOR USA FUNDS INVESTED OVERSEAS SHARE MARKETS OR PARKED OVERSEAS BY US COMPANIES
TO REPATRIATE SUCH FUNDS BACK TO USA. IN ADDITION THE RISING INTEREST RATES IN USA ARE VERY POWERFUL FACTORS TO GO BACK TO USA TO
EARN MORE INCOMES. PLUS THEY ALSO WANT TO AVOID LOSING MORE ON FX IN FUTURE DUE TO THE WEAKENING TREND OF OUR RINGGIT/USD.

ALL COMBINED BECOMES VERY POWERFUL PULL FACTORS FOR US BASED FUNDS TO SELL DOWN THEIR SHARES
.USA BASED FUNDS ARE HOLDING LOTS OF GENTING BHD SHARES.

SO BE CAREFUL, GUYS

IMPORTANT FACTOR FOR MBSB TO CONSIDER. WHAT IS THE QUALITY OF THE LOAN ASSETS OF AFB? WILL IT BECOME AN ADDITIONAL FINANCIAL BURDEN TO MBSB?
MBSB IS ALREADY HIT BY HIGH LOANS IMPAIRMENTS OF ITS OWN. WILL ANY TAKEOVER AGGRAVATE ITS IMPAIRMENT PROVISIONINGS?

AGREED. IF THIIS ONE IS DOING WELL , THEN WHY DO PRESENT OWNERS WANT
TO SELL IT?.

GKENT MADE ANNOUNCEMENT VIA BURSA THAT THEY WON CONTRACT FOR THE HOSPITAL CONSTRUCTION CONTRACT TODAY.
DOES THIS MEAN GADANG HAD LOST ITS BID FOR THIS CONTRACT ?

GKENT MADE ANNOUNCEMENT VIA BURSA THAT THEY WON CONTRACT FOR THE HOSPITAL CONSTRUCTION CONTRACT TODAY.
DOES THIS MEAN GADANG HAD LOST ITS BID FOR THIS CONTRACT ?

Well said. After a long consolidation the timing will be just right.
From now onwards all will be good news.
Fixing the interim dividend ex date, releasing a strong set of 4Q/full year results together with a good Final Dividend. All set to happen any time now to ride on the year end rally followed by the CNY Rally and boosted by the General Election

3 OUT OF 4 SALES OF NON CORE ASSET DISPOSALS COMPLETED THIS YEAR

GOOD NEWS. PUDU PROPERTY DALE RM58M COMPLETED

IMPROVING OUTLOOK FOR TROPICANA
===================================
LIKELY REBOUND AND START OF A NEW UPTREND IN ITS SHARE PRICE BASED ON THE FOLLOWING BULLISH CATALYSTS:-

RISING UPTREND IN QUARTERLY PROFITS
1Q 16M
2Q 33M
3Q 37M
4Q (very strong profits likely based on “The Group recorded 3Q revenue of RM357.1 million, a surge of 46.0% compared to the same quarter last year. Cumulative nine months revenue was RM1.0 billion, an increase of 5.7% compared to RM947.8 million in the same period last year.
The property developer said a one-off gain on disposals of properties and a subsidiary of RM161.7 registered in the previous corresponding period caused the Group to record lower profit before tax (“PBT”) of RM53.4 million in 3Q and RM127.3 million in the cumulative nine months period in 2016. Excluding the aforementioned one-off gain, the Group’s net profit for the quarter and cumulative nine months were higher by RM39.8 million respectively compared to the same quarter and nine months period a year ago. With an unbilled sales of RM2.6 billion, the Group remains well-positioned to achieve its full-year sales target of RM1.2 billion, anchored by encouraging demand for its developments within prime locations, coupled with its 17 on-going projects and strategic approaches to unlock the value of over 1,300 acres of prime land with potential gross development value in excess of RM50.0 billion
EXPECTED STRONG 4Q PROFITS AND A HIGH FINAL DIVIDEND (comprising a cash dividend and Treasury share dividend will boost up its share price in a CNY RALLY).
STRONGER 4Q PROFITS TO BE SUPPORTED BY INCREASED CORE EARNINGS RECORDED IN 3Q (after excluding one off gains registered in the previous corresponding Q)
PLUS THE CAPTURING OF CAPITAL GAINS IN THE COMING 4Q ENDING 31/12/2016 FROM THE FOLLOWING DISPOSALS :-
SALES VALUE (properties) CAPITAL GAINS NET CASH PROCEEDS STATUS
140M DiJaya Plaza 8.9M 51.6M COMPLETED
24.9M Damansara Intan 18.2M 18.6M COMPLETED
58.0M PUDU Sky Express 2.5M 24.4M BY 5/12/2106
570M PULAI Lands (Johor) 55.5M 218.4M S&P 1/7/2106
(TOTAL CAPITAL GAINS RM85.1M. AND NET CASH PROCEEDS RM313M)
(NET CASH RECEIPTS ARE AFTER REPAYMENT OF ALL RELATED LOANS)
(THESE WILL RESULT IN FURTHER REDUCTIONS IN BORROWINGS . GEARING
RATIOS WILL BE LOWERED WHICH WILL INCREASE FUTURE PROFITS DUE TO POSITIVE IMPACTS ON REDUCED BANK INTEREST COSTS AND ALSO INCREASING FREE CASH FLOWS FOR HIGHER CASH DIVIDENDS)

OTHER STRONG FINANCIALS
NTA RM2.19
PAR VALUE RM1.00
RETAINED EARNINGS RM1.08B
CASH ND BANK BALANCES (as at 30/9/16) RM970M
GEARING REDUCED FROM 7.7x PREVIOUSLY TO < 3.0x (Excluding recent early full redemption of its Medium Term Notes of RM280M)
Tropicana is becoming very Cash Rich.

OTHER POSITIVE INDICATORS
NO EXPOSURES TO ANY FOREIGN CURRENCY LOANS (no adverse financial impact even if our Ringgit values were to go down further)
GOOD EARNINGS VISIBILITY FOR THE NEXT SEVERAL YEARS
Supported by unbilled sales of RM2.6B and 17 ongoing projects where sales are still satisfactory (despite a generally softer property market) due to their prime locations, mainly in KL, PJ, Selangor )

NEAR TERM CATALYSTS FOR NEW PRICE UPTREND
OVERSEAS STOCK MARKETS LED BY USA DOW INDEX ARE BULLISH AS THE TRUMP RALLY-SANTA RALLY IS LIKELY TO CONTINUE INTO 2017.
OUR BURSA AND TROPICANA SHARE PRICE CAN RIDE ON THESE RALLIES
AND BECOME OUR SANTA-YEAR END AND CHINESE NEW YEAR RALLIES.
(aided by year end window dressing and anticipated Early General Election in mid-2017)
BRIGHT PROSPECTS SUPPORTED BY EXPECTED STRONG 4Q PROFITS AND HIGHER
DIVIDEND ANNOUNCEMENTS AROUND CNY. FINAL DIVIDENDS ARE ALWAYS HIGHER (especially when the company’s fundamentals are strong and profits are increasing)
(Disclaimer: MY ABOVE COMMENTS ARE PURELY MY OWN PERSONAL VIEWS AND ARE merely to share the interesting observations I made in i3investor. Nothing in this article should be considered as investment advice nor is intended to be investment advice. NO
BUY OR SELL CALLS HERE)

Always better to be prudent when doing share investments with our hard earned money.

POS share price's 52 week low was also 2.04 and had already doubled recently when it hit 4.19. Hence we also need to be alert on its downside risks