TROP IS JUST LIKE MALTON. JUST NEED TO BE PATIENT AND IT WILL ALWAYS REWARD U.
MALTON IS UP AGAIN TODAY. BEAUTIFUL

I AM VERY OPTIMISTIC. THIS VERY UNDERVALUED AND SOLID COUNTER NEEDS PATIENCE AND WE WILL REAP OUR REWARDS SOON. NEAR TERM CATALYSTS INCLUDE A VERY STRONG SET OF 2Q RESULTS + A GOOD DIVIDEND TO BE ANNOUNCED IN THE NEXT 2 WEEKS. (LAST YEAR GAVE 7 SEN. WE ARE LIKELY TO GET A SURPRISING GOOD DIVIDEND (INCLUSIVE OF A SPECIAL D WHICH IT CAN AFFORD WITH THE HUGELY PROFITABLE DISPOSALS OF BIG VALUE NON CORE ASSETS.

TROP HAS BEEN FOOD FOR ME. ALWAYS MADE MONEY FOR ME. I JUST NEED TO BE A PATIENT. AND THE TIME FOR REWARDS AGAIN IS COMING REAL SOON

DISAGREED. NOW FLUSHED WITH CASH FROM SALES OF BIG VALUE NON CORE ASSETS THE PAST FEW YEARS. HENCE ABLE TO PAY 7 SEN DIVIDENDS LAST YEAR. SOLD MORE NON ESSENTIAL PROPERTIES THIS YEAR. BOOKING IN BIG CAPITAL GAINS PLUS ADDING MORE CASH N MORE FREE CASH FLOW TO PAY HIGHER DIVIDENDS

half baked analyst

JAY. THIS HALF BAKED USED INACCURATE FINANCIAL DATA TO PRESENT THEIR MISLEADING ANALAYSIS IS SHOCKING.
ALSO THE BIG SHAREHOLDERS HAD ALREADY AVERAGED THEIR COSTS VIA RIGHTS +EXCESS.
HENCE UNLIKELY BUY MORE AT THIS JUNCTURE.

Management has been taking positive corporate actions to enhance its brand and profile among th8e investors. Besides strenthening its fundamentals like bringing down its gearing from 7.7x to a very comfortable 3.0x , it had turned Trop into one of the highest Dividend Yield stocks. Last year paid 7 sen or DY abt 7%. We are now expecting a very good 2Q results due this month. With lots of Cash Inflows from disposals of high value non cote assets n boosting its Free Cash Flows we will likely get a HIGH COMBINED DIVIDENDS comprising Cash + Treasury shares.Its high Dividends will win over more investors support

MY REASON FOR CHANGING MY MIND FROM A HOLD TO A SELL (after reading Starbiz attached below)
(Jay's blog on 'TO AVOID OR BUY" is quite similiar but more well researched. Jay's view is ALSO to AVOID which to me means SELL/TAKE PROFITS)


Analysts differ on whether the worst is over for the company

PETALING JAYA: Analysts are mixed on non-bank lender Malaysia Building Society Bhd’s prospects following its poor results, with some feeling the worst has been priced in, while others feel the company’s prospects will continue to be dampened on the back of continued poor results and the absence of new catalysts.

Notably, Affin Hwang Capital Research has downgraded the stock to a “sell”, stating that its financial performance is likely to remain weak in the coming quarters.

“With the lack of any near term re-rating catalysts, we believe that such rally in its share price offers a good window to realise gains. Therefore, we downgrade our rating for MBSB to a sell with post-rights 12-month price target at 78 sen based on a 0.65 times 2017 price to book value multiple,” said Affin Hwang.

For the second quarter ended June 30, 2016, MBSB’s net profit was down 26.35% to RM63mil on the back of a 6.1% increase in revenue to RM812.52mil. For the six-month period, net profit was down 53.36% to RM97.84mil on the back of a 11.59% jump in revenue to RM1.63bil.

MBSB was down 3 sen to 89 sen yesterday.

MBSB’s second quarter net profit was down primarily due to higher impaired loan allowances, which rose by 34%. The first half results were also below estimates with operating income declining 1.8% as management continued to focus on corporate loans portfolio in place of the higher yielding personal financing portfolio while provisions spiked 69%. “Management has further guided that loan growth is likely to remain modest for the year while provisions will remain elevated up till FY17. As such, we have made some adjustments to our earnings forecast with lower net interest income forecast for its financial year (FY) ended Dec 31, 2016 and FY17, higher impaired loan allowances of RM750mil per annum along with the adjustment for the dilutive impact of the recently concluded rights issue on earnings and net assets per share,” said Affin Hwang.

Provisions aside, MBSB’s financial performance has been disappointing for the past few years as it struggles to grow its pre-provision operating income.

Moreover, MBSB’s path to obtain a banking license could be longer than expected as management are not actively pursuing such license due to its prohibitive cost.

AGREED. BETTER FOLLOW THE BIG GUYS TO TAKE PROFITS NOW.
ANYWAY, ITS 2Q RESULTS IS ALREADY OUT. NO MORE IMPORTANT NEWS . THE 3Q RESULTS IS 4 MONTHS AWAY.

WHAT IS THE NEGATIVE REPORT FROM THE EDGE TODAY?

EXPECTING A PRICE REBOUND TODAY

CHEAPER ENTRY PRICE NOW @ 0.885 COMPARED TO HIGH OF 0.94 YESTERDAY.

YES. THEY PAID DIVIDENDS OF 5 SEN EACH IN 2013 AND 2014 AND 12 SEN IN 2015
CAN AFFORD TO REVERT TO PAYING HIGHER DIVIDENDS WHEN THEIR PROFITS ARE NORMALISED BACK TO HIGHER LEVELS.

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AGREED. ANY MAJOR SHAREHOLDER OWNING 5% OR MORE OF THE EQUITY OF MBSB MUST ANNOUNCE THRO BURSA. CMY OR EPF DID NOT SELL A SINGLE SHARE. THEY ARE STRONG SHAREHOLDERS. WILL NOT SELL.

ALSO 2Q PROFITS AT RM63M WAS MUCH BETTER THAN THE PRECEDING 1Q's RM15M.
(DESPITE ITS ONGOING IMPAIRMENT COSTS AND DESPITE A HIGHER AMOUNT PROVIDED IN THE 2Q COMPARED TO THE 1Q'S). THIS MEANS MBSB'S TOPLINE BUSINESS REVENUES HAD ACTUALLY INCREASED AND IMPROVED.

FUNDAMENTALS REMAIN SATISFACTORY EVEN THO WITH THE DECLINE IN CURRENT YEAR'S PROFITS YEAR ON YEAR. EG.NTA RM1.71. RETAINED EARNINGS RM726M .HENCE EVEN WITH EXPECTED PROFITS DOWN TO RM130M (FROM 257M 2015) THIS YEAR, ITS TOTAL RETAINED EARNINGS WILL INCREASE TO A HUGE RM856M. CAN EASILY PAY AT LEAST 3 SEN DIVIDEND (LIKE LAST YEAR.) DIVIDEND YIELD IS STILL GOOD COMPARED TO BANKS FIXED DEPOSITS

BASED ON THE ABOVE POSITIVES, MBSB'S PRICE AT 0.885 IS REAL CHEAP

THE RM1.4B IMPAIRMENT AMOUNT WAS MENTIONED IN STARBIZ REPORT. WAS ALSO STATED IN MBSB'S Q RESULTS'COMMENTARIES/BREIFINGS

TOTAL IMPAIRMENT/BAD LOANS PROVISIONING RM1.4B OVER 2 YEARS IS HUGE.

WILL HAVE A BIG NEGATIVE IMPACT ON 2Q RESULTS TO BE OUT AFTER MARKET CLOSED MONDAY. CAN THEN REASSESS AFTER AFTER STUDYING REPORT

SPINNING OFF SOME OF ITS LANDBANKS VIA A LISTINGOF ITS REITS WILL ALSO BRING IN STRONGER CASH INFLOWS AS WELL AS REALISE BIG CAPITAL GAINS AND INCREASE ITS PROFITS. CAN THEN PAY EVEN HIGHER DIVIDENDS (TO IMPROVE ON ITS 7 SEN DIVIDENDS PAID LAST YEAR). EG ITS RECENT SALE OF ITS PULAI/JB LAND FOR RM659M WILL REGISTER A CAPITAL GAIN OF RM55M

THE ENHANCED REITS WILL PROVIDE TROPICANA ANOTHER VIABLE OPTION FOR ITS DEGEARING EXERCISE BESIDES SELLING OUTRIGHT TO OTHERS.

SUCH REITS ALSO HAVE ADDITIONAL FINANCIAL BENEFITS AS STATED ABOVE

ITS AUDITED NTA IS RM2.15 PER FYE2015.
SHARE PRICE ONLY 1.04. SHOULD BE HIGHER TO REFLECT ITS TRUE VALUE

SECURITIES COMMISSION'S PLAN TO ALLOW THE LISTING OF PROPERTY REITS TO INCLUDE LANDBANKS. BIG LISTED PROPERTY COMPANIES , LIKE TROPICANA WITH BIG STRATEGICALLY LOCATED LANDBANKS WILL LIKELY TAP INTO THIS OPTION TO UNLOCK THEIR ASSET VALUES, RAISE CAPITAL, REDUCE THEIR GEARING, AND YET RETAIN THEIR CONTROLLING INTERESTS THROUGH THEIR LISTING OF SUCH REITS.

VERY POSITIVE CORPORATE PLAN FOR TROPICANA.
ALREADY VERY SUCCESSFUL IN ITS DEGEARING IN THE LAST FEW YEARS.
SUCH ENHANCED REITS WILL ACCELERATE ITS DEGEARING AND UNLOCK THE VALUE OF ITS LANDBANK EVEN FASTER.

THIS WILL BE A GOOD CATALYST TO FURTHER UNLOCK THE VALUE OF ITS UNDERVALUED ASSETS.

WILL BE A GOOD POSITIVE CATALYST TO BOOST ITS SHARE PRICE.

HENCE AM EXPECTING SOME VERY TOUGH YEARS AHEAD FOR AT LEAST 2016 AND 2017

ITS IMPAIRMENT AND LOAN PROVISIONING PROGRAMME STARTED IN 4Q 2014 AND SCHEDULED TO CONTINUED INTO 2017 WAS ANNOUNCED AND CONTINUOUSLY IMPLEMENTED. HENCE THIS FACT WILL ALSO HIT ITS COMING 2Q PROFITS TO BE ANNOUNCED THIS MONDAY.
MOREOVER IT WAS REPORTED THE RECENT REDUCTION IN OPR/ INTEREST RATE HAD SO FAR FAILED TO INCREASE LOAN GROWTH BCOS OF WEAK ECON SENTIMENTS AND OUR DOMESTIC HOUSEHOLD DEBT IS ALREADY TOO HIGH

ITS D-DAY FOR ITS 2Q RESULTS.
WILL TAKE SOME TIME TO TURN AROUND AS ITS MANAGEMENT VIA ITS RECENT ANALYSTS' BRIEFING CONFIRMED IT DOUBTFUL DEBTS PROVISIONING WILL CONTINUE INTO 2017. HENCE NOT OPTIMISTIC ON ITS 2Q RESULTS ANNOUNCEMENT COMING MONDAY

UPTREND FIRMLY IN PLACE. CURRENT UPTREND WILL BE STRONGER SUPPORTED BY FURTHER IMPROVED FUNDAMENTALS. HENCE SHORT TERM PRICE TARGETS 1.30 TO 1.40 ARE ACHIEVABLE

POSITIVE CATALYSTS WILL COME SOON. BETTER 2Q RESULTS AND HIGHER DIVIDENDS ARE REAL AND TANGIBLE BENEFITS

Well. its high dividend yield is very attractive @ 7% (likely more this year in view of its success in more disposals of non-core assets, reaping big capital gains, reducing borrowings thereby increasing profitability) The rm195m cash received for the 2 properties sold this year will enhance its free cash flows for higher dividend payouts. Its dividends doubles that offered by Bank FDs

FUNDAMENTALS STRONG

VERY HIGH DIVIDEND YIELD STOCK. PAID 7 SEN LAST YEAR. EXPECTING A GOOD DIVIDEND ANNOUNCEMENT FOR 2016 SOON

DEGEARING/BORROWINGS REDUCTION WAS VERY SUCCESSFUL IN 2013 TO 2015 AND LOWERED ITS GEARING RATIO FROM 7.7x TO 3.0x BY 2015.
MORE DISPOSALS OF NON CORE ASSETS THIS YEAR TODATE INCLUDE SALES OF A 12 STOREY BUILDING IN JLN PUDU FOR RM55M AND A 19 STOREY OFFICE BUILDING TO KENANGA INVESTMENT BANK FOR RM140M. TOTAL CASH RECEIVED RM195M IN THE FIRST HALF OF 2016. LASTEST SALE OF PULAI/JB LAND TO TERRAN OVERSEAS FOR RM570M JUST SIGNED. MORE DEGEARING SUCCESSFULLY ACHIEVED IN CURRENT YEAR TOGETHER WITH UNBILLED SALES OF RM3.1B(AS AT FYE2015 WITH PROGRESSIVE BILLINGS AND RECEIPTS FROM BANK FINANCIERS) MEANS TROPICANA'S PROFITS AND FREE CASH FLOWS WILL BE STRONG AND BETTER RESULTS WITH HIGHER DIVIDENDS ARE EXPECTED.

HIGHER DIVIDENDS EXPECTED WITH 2Q RESULTS SOON. CONTINUED DEGEARING EXERCISE DURING THE PAST 1 YEAR WAS VERY SUCCESSFUL. IN ADDITION TO REALISING BIG CAPITAL GAINS, BANK LOAN INTEREST EXPENSE ARE ALSO BEING REDUCED SIGNIFICANTLY. ALL THESE WILL TRANSLATE INTO A GOOD 2Q PROFITS. THE INCREASED CASH BALANCE AND THE ADDITIONAL FREE CASH FLOWS WILL ALSO MEAN HIGHER DIVIDENDS ARE LIKELY WHEN ITS 2Q RESULTS ARE ANNOUNCED SOON.

UPTREND PRICES SUPPORTED BY MORE GOOD NEWSFLOWS. 3 PROPERTY LAUNCHES IN STRATEGIC LOCATIONS IN KL/SELANGOR + UPCOMING GOOD 2Q RESULTS N DIVIDEND ANNOUNCEMENTS

COMFORTABLY REDUCED GEARING FROM 7.7x TWO YEARS AGO TO 3.3x AS AT LAST FY ENDING 31/12/2015. DURING 2015 DIVIDENDS PAID OUT TOTALLED 7 SEN.
THIS CURRENT YEAR WITH ADDITIONAL DISPOSALS OF NON CORE LANDS, GEARING WILL BE FURTHER REDUCED. THIS TOGETHER WITH RM3 BILLIONS UNBILLED SALES (houses sold and under progressive collections from financers) WILL ENSURE INCREASED FREE CASH FLOWS FOR HIGHER DIVIDEND PAYOUTS. EXPECT GOOD DIVIDEND ANNOUNCEMENT TOGETHER WITH 2Q RESULTS DUE OUT SOON.

ALREADY SUCCESSFULLY DE-GEARED THE LAST 2 YEARS. WITH THIS HUGE CASH SALE, TROPICANA WILL BECOME CASH RICH.
LAST YEAR GAVE 7 SEN DIVIDENDS. A DIVIDEND YIELD OF 7% IS ONE OF THE HIGHEST DIVIDEND STOCK IN ASIA.
THIS YEAR WE CAN REALISTICALLY EXPECT 8 TO 10 SEN DIVIDEND PAYOUTS COMPRISING CASH DIVIDENDS AND DISTRIBUTION OF TREASURY SHARES.

GOOD JOB BY TROPICANA DIRECTORS/MANAGEMENT

CHEERS N CONGRATS TO ALL

Good for u. Both mother share n Warrant prices will go up together
Today started new uptrend after a long consolidation
This latest uptrend will be stronger n hence its share price can go
Above its recent high of 1.18.
(Based on the confluence n alignment of many positive catalysts)

GREATLY UNDERVALUED. LOTS OF POSITIVE CATALYSTS TO BRING OUT VALUES OF ITS ASSETS N HENCE BOOST ITS SHARE PRICE NEARER TO ITS NTA OF RM2.15 PER SHARE.

LOOKS VERY POSITIVE.
TECHNICALLY, PRICE BROKE UPSIDE RESISTANCE AT RM1.00
FUNDAMENTALLY THE ANALYSIS IS ALSO VERY GOOD.
2Q RESULTS WILL BE BETTER AS ITS STRATEGICALLY LOCATED PHOUSING PROJECTS ARE STILL SELLING WELL.
EXPECTING HIGHER DIVIDENDS TO BE DECLARED WHEN REPORTING 2Q RESULTS. EXPECTING A COMBINED CASH DIVIDEND + FREE TREASURY SHARES DISTRIBUTION. POSSIBLY ADD IN A SPECIAL DIVIDEND IN VIEW OF ITS SUCCESS IN GREATLY REDUCING ITS GEARING. WILL BE FURTHER IMPPROVED WHEN THEY SIGN THE FORMAL SALES AGREEMENT FOR ITS JB LANDS FOR BETWEEN RM500M TO RM700M.

CORRECTION. ONE -OFF GAIN IS ONLY RM36M (THE REVOCATION FEE IS RM50M)
COMPLETION TIMELINE WILL BE 1ST QUARTER 2017 ASSUMING THE MANY APPROVALS AND PROCEDURES NEEDED TO BE COMPLIED WITH AND THE GREEN LIGHT GIVEN.

DESMOND LIM, CONTROLS BOTH PAVILION AND MALTON GROUPS. HE IS A VERY SUCCESSFUL IN HIS CONSTRUCTION, PROPERTY DEVT BUSINESSES AS EVIDENT IN THEIR PROFITABLE OPERATIONS. EG. PAVILION MALL BUKIT BINTANG.
THEIR BUKIT DAMANSARA PAVILION MALL CUM HIGH END CONDO SUITES AND OFFICE PROJECT IS BACKED BY THE CANADIAN PENSIONS GROUP WHICH INVESTED RM485M CASH INTO THIS PROJECT. WILL BE HIGHLY SUCCESSFUL DUE TO ITS VERY STRATEGIC LOCATION IN THE MOST PRIME REAL ESTATE AREA IN KL. SURROUNDED BY MATURED HIGH END RESIDENCES AND COMMERCIAL DEVTS IT IS WELL CONNECTED BY ALL TRANSPORT INFRASTRUCTURES, INCLUDING THE NEAR COMPLETED MRT.

DESMOND IS KNOWN FOR HIS PRUDENT AND DILIGENT BUSINESS EXPERIENCES.
HIGH CONFIDENCE IN HIM

MALTON'S OWN DEVELOPMENT PROJECTS ARE ALSO DOING BETTER COMPARED TO OTHERS BECAUSE MANY OF ITS SMALLER PROJECTS ARE IN GOOD LOCATIONS AND HAD BE LAUNCHED 2 YEARS BACK BEFORE THE SOFTER PROPERTY MARKET SETS IN.

ITS MOST RECENT LAUNCH AT THE BUKIT JALIL CITY WAS VERY SUCCESSFUL.
IT IS NOTEWORTHY THAT ITS 50 ACRES THERE WERE ACQUIRED AT MINIMAL COSTS AS A RESULT OF AN AMICABLE LEGAL SETTLEMENT WITH HO HUP CONSTRUCTION.HENCE, MALTON IS NOT BOGGED DOWN BY ANY HEAVY FINANCING COSTS AS IT NEED NOT BUY THE PRIME LAND THERE. AND MOST SIGNIFICANTLY, ITS LAUNCH WAS VERY SUCCESSFUL, CHALKING UP A RM1B SALES. PLSE REFER TO THE NEWS ARTICLE NOW RE INSERTED FOR READERS' INFO:

Thursday, 26 November 2015
Malton hits billion ringgit sales
BY TOH KAR INN

Bukit Jalil City luxury serviced apartments "The Park Sky Residence"

PETALING JAYA: Malton Bhd has charted record sales of RM1bil on the back of its Bukit Jalil City development launch.
Malton and Pavilion Kuala Lumpur are collaborating to develop the 50-acre integrated development, which consists of Pavilion Bukit Jalil regional shopping mall, 112 units of Signature Shop Offices, four towers of luxury serviced apartments known as The Park Sky Residence as well as 44 units of Park Point Shop Offices.
The development includes a link bridge connecting residents to an 80-acre public park in Klang Valley.
“Initially, we had plans to launch only two out of the four serviced apartment tower blocks.
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“However, response garnered during the soft launch in June this year was overwhelming.
“We were surprised to receive that level of response as there had been a slowdown in the property sector.
“Therefore, the remaining two tower blocks slated for future launches had to be released to meet our customers’ demands,” said Malton Bhd Corporate Finance director Ng Chee Kiet after the group’s AGM yesterday

PAVILION GROUP BOSS, A BILLIONAIRE, CONTROLS MALTON.. HIS GROUP IS DOING WELL.
MALTON'S BUKIT JALIL PROJECT ALSO REGISTERED VERY GOOD SALES TAKE UP RATES.
MALTON ALSO RECEIVED CASH RM154M FOR EXERCISING ITS PUT OPTION IN THE BUKIT DAMANSARA PROJECT. CAPITAL GAINS MADE SHOULD BE INCLUDED IN IT'S 4Q PROFITS.
MALTON'S 4Q RESULTS AND FULL YEAR'S PROFITS SHOULD BE SATISFACTORY.
MALTON'S NTA IS 1.61. CONSISTENT DIVIDEND PAYOUTS 3 SEN IN THE PAST. LIKELY HIGHER THIS YEAR.

PAVILION GROUP BOSS, A BILLIONAIRE, CONTROLS MALTON.. HIS GROUP IS DOING WELL.
MALTON'S BUKIT JALIL PROJECT ALSO REGISTERED VERY GOOD SALES TAKE UP RATES.
MALTON ALSO RECEIVED CASH RM154M FOR EXERCISING ITS PUT OPTION IN THE BUKIT DAMANSARA PROJECT. CAPITAL GAINS MADE SHOULD BE INCLUDED IN IT'S 4Q PROFITS.
MALTON'S 4Q RESULTS AND FULL YEAR'S PROFITS SHOULD BE SATISFACTORY.
MALTON'S NTA IS 1.61. CONSISTENT DIVIDEND PAYOUTS 3 SEN IN THE PAST. LIKELY HIGHER THIS YEAR.

INSAS IS SITIING ON HUGE CAPITAL GAIN OF RM607M FROM ITS 27.1% OWNERSHIP OF INARI AMERTRON IS WORTH 88 SEN PER INSAS SHARE. IN ADDITION INSAS IS ALREADY HAVING AN NTA OF 1.96

27.1% ASSOCIATE INARI ON TRACK TO IMPROVE PROFITS N RESULTS FOR 4Q 2016

Good 4Q profits N results on track as orders N sales on upswing from April onwards.
Positive indications provided during Analysts briefing
Maybank Research raised price target to 3.20
Goldman Sachs likes INARI for its upswing in orders beginning 4q N it's multi-year expansion

27/05/2016 06:22
X
Good N better profits N results expected in 4q N beyond by INARI will be
Good for INSAS whose 27.1% share holdings( I.e. 259m shares), will mean
Higher profit contribution from INARI via associate equity accounting N from
Higher DIVIDENDS received.
INSAS 's 259m shares in INARI costs only rm170m against present market
Value of rm777m based on 3.00. INSAS sitting on A HUGE CAPITAL GAIN OF RM607M
in this financial asset. A huge margin of safety in INSAS Share and a huge POTENTIAL
WINDFALL FOR ALL INSAS SHAREHOLDERS
27/05/2016 06:36

3Q PROFITS AND OVERALL RESULTS POSITIVE.
4Q PROSPECTS AND RESULTS ON TRACK TO IMPROVE AS THE BUSINESS AND PROFIT PERFORMANCES OF ITS 27.1% ASSOCIATE INARI IS ON TRACK TO POST BETTER 4Q EARNINGS AS PER MAYBANK RESEARCH ON 20/5/2016 WHICH GAVE INARI PRICE TARGET RM3.20

Good N better profits N results expected in 4q N beyond by INARI will be
Good for INSAS whose 27.1% share holdings I.e. 259m shares, will mean
Higher profit contribution from INARI via associate equity accounting N from
Higher DIVIDENDS received.
INSAS 's 259m shares in INARI costs only rm170m against present market
Value of rm777m based on 3.00. INSAS HOLDING A HUGE CAPITAL GAIN OF RM607M
in this financial asset. A huge margin of safety in INSAS Share and a huge POTENTIAL
WINDFALL FOR ALL INSAS SHAREHOLDERS

Good 4Q profits N results on track as orders N sales on upswing from April onwards.
Positive indications provided during Analysts briefing
Maybank n Public Banks raised price target to 3.20
Goldman Sachs likes INARI for its upswing in orders beginning 4q N it's mult-year expansion

i mean different views

IT'S OK TO HAVE VIEWS.
BUT ITS A FACT THAT TROP DID GAVE A FINAL DIVIDEND THE PREVIOUS FINANCIAL YEAR. REASONABLE TO DO THE SAME FOR FYE DEC 2015.
IT IS CLEAR THAT TROP HAS BECOME A HIGH DIVIDEND YIELD STOCK AS IT HAD ALREADY PAID 7 SEN CASH DIVIDENDS SO FAR FOR FYE DEC 2015 ONE OF THE HIGHEST YIELDING SHARE IN BURSA. N I REMAIN OPTIMISTIC OF GETTING ITS FINAL DIVIDEND DECLARED BEFORE ITS AGM ON 26/5.(just repeating its practice of its preceding financial year.
GOOD LUCK TO ALL

SOLID FUNDAMENTALS. UNDERVALUED. UNDERPRICED.
CATALYSTS FOR MARKET RERATING COMING WITH EXPECTED GOOD 1Q RESULTS N AGM 26/5.
CONTINUED CORPORATE STRATEGY TO MAKE TROP INTO A VERY HIGH DIVIDEND YIELD STOCK. FYE DEC 2015 PAYOUT 7 SEN TO BE INCREASED BY A FINAL DIVIDEND VIA A COMBINED TREASURY SHARES+ CASH D OR A QUATERLY DIVIDEND FOR ITS 1Q 2016.
IN A GREAT FINANCIAL POSITION TO DO THE ABOVE WITH CONTINING GOOD SALES, PROFITS, SIGNIFICANTLY REDUCED GEARING FROMB7.7x TO ONLY 3.0x
HOPE THE ABOVE ENVISAGED DIVIDENDS WILL FULFIL MY BIRTH DAY WISHES

I mean "good luck"

Nope. Retired. Now a very cautious and prudent "Value Investor" hunting for fundamentally sound but very undervalued stocks with minimal market price risks and paying high dividends. Good to all like-minded fellow investors.

POSITIVE CATALYSTS INCLUDE:-
Good 1Q Results based of huge unbilled sales of RM4 Billions to be announced.
Optimistic a Final Dividend combining free Treasury shares and Cash dividend to be announced i. time for AGM this 26/5/16. In line with corporate strategy to become a leading High Dividend Yield Stock. Its consistent share buyback programme has been accumulating Treasury shares for such distribution. Dividend likely targetting to reach 9.5 sen with the potential 2.5 sen equivalent Final D envisaged. Based on good fundamentals. Gearing down from .77 to a good .33. NTA 2.16