Kkng. Thanks for the info on Batu Kawan land.
Now we all know that MALTON with all its good
LANDBANKS N sizeable IN-HOUSE CONSTRUCTION
Contracts (PBD N BUKIT JALIL) MALTON IS RIPE
FOR RERATING. IT HOWEVER NEEDS CATALYSTS
TO UNLOCK ITS VALUE FOR ITS SHAREHOLDERS
SO THAT ITS SHARE PRICE WOULD REFLECT ITS
VALUABLE ASSETS N ITS POTENTIAL.
IN addition TO GOOD PROFITS, IT NEEDS TO INCREASE
ITS DIVIDEND PAYOUTS TO EARN ITSELF AS AN
INVESTMENT-GRADE SHARE COUNTER AMONG THE
LOCAL INVESTORS N ESPECIALLY INSTITUTIONAL
INVEDTORS, BOTH LOCAL N FOREIGN.
MALTON'S BOARD OF DIRECTORS SHOULD
SINCERELY ADOPT A MORE GENEREOUS DIVIDEND
POLICY TO REWARD ITS SHAREHOLDERS

SPECIAL DIVIDEND IS STILL FEASIBLE.
WITH THE RECEIPT OF RM154M CASH .
ON A CAPITAL BASE OF 448M, A SPECIAL DIVIDEND OF 1.5 SEN AMOUNTING
TO ONLY 6.7M WILL NOT BE A BURDEN.
INCREASING DIVIDEND. PAYOUTS IS A GOOD CORPORATE STRATEGY TO ATTRACT
INSTITUTIONAL INVESTORS WHICH WILL BE VERY POSITIVE FOR MALTON'S FUTURE
SHARE PRICE

Other near term catalysts for an upward rerating for Malton will include the sale of its Subang lands (for rm83M now aborted) to other buyers. This will further boost its cash resources, cut its borrowings, strengthen its Balance Sheet enabling it to increase its Dividend pay-outs and/or reward its shareholders with Special Divedends.

A SIMPLIFIED COMPARISON OF MALTON'S CURRENT DIVIDEND INCOME AGAINST BANK FD INTEREST INCOME BASED ON AN INVESTMENT CAPITAL OF RM80,000
==================================================================
DIVIDEND INCOME BY PURCHASING 80,000 SHARES IN MALTON.
@ 3 SEN WILL GET RM2,400 (receivable 29/1/16 i.e. in 2 months time)

BANK FD INTEREST INCOME ON RM80,000 @ 4% = RM533 ONLY (80,000x 4/12 x 2 months)

BY INVESTING IN MALTON NOW I CAN EARN AN EXTRA CASH INCOME OF RM1,967

(SAFETY FACTOR. OF COURSE, SHARE INVESTING CARRIES SOME MARKET PRICE RISKS. BUT MALTON IS A FUNDAMENTALLY SOUND LISTED ENTITY. SINCE ITS CURRENT SHARE PRICE @0.80 IS ALREADY LOW, THE RISKS ARE QUITE MINIMAL AND IS LIKELY TO APPRECIATE IN FUTURE BASED ON ITS BRIGHT BUSINESS PROSPECTS)
(disclaimer. my above comments are solely meant for market info sharing and is NOT a solicitation to buy or sell Malton shares.The data cited are derived from many sources available in the public domain) Tq

MALTON. STRONG FUNDAMENTALS AND DEEPLY UNDERVALUED @ 0.80
FYE JUNE 2015: P.E. 8.2x, EPS 9085 SEN. DIVIDEND 3 SEN (DIVIDEND YIELD 3.78%). NTA 1.59. CAPITAL 448M SHARES OF RM1. RESERVES 26M. RETAINED EARNINGS 239M. CASH IN HAND 67M (= 15 SEN CASH BACKING PER SHARE).
MALTON'S SHARE PRICE IS DUE FOR A GOOD RE-RATING BASED ON THE FOLLOWING NEAR TERM POSITIVE CATALYSTS:-
1) EXERCISED ITS PUT OPTION TO DISPOSE OFF ITS RIGHTS IN THE GROUP'S BUKIT DAMANSARA TOWN CENTRE REDEVELOPMENT PROJECT. RECEIVED CASH RM154 MILLIONS AND MADE A DISPOSAL GAIN OF RM14M. MALTON'S NEXT QUARTER'S RESULTS AND PROFITS WILL JUMP UP. ITS TOTAL CASH HOARD HAS JUMPED UP AND ENABLED IT TO GREATLY CUT ITS BORROWINGS AND GEARING, THEREBY STRENGTHENING ITS BALANCE SHEET
2) PROSPECTS FOR A SPECIAL DIVIDEND + BONUS SHARE ISSUE ARE BRIGHT.

Malton. deeply undervalued and underpriced @0.795/80.
Strong Fundamentals : last financial year 30/6/2015 : P.E. 8.2x, EPS 9.85 sen, Dividend 3 sen. Dividend Yield 3.78%. NTA 1.59. Fixed Deposits + Cash totalled RM67M = 15 SEN CASH BACKING per share. Capital Base 448M shares of RM1 each. Reserves 26M. RETAINED PROFITS 239M.
The strong fundamentals will result in the RE-RATING of Malton's share price by the following near term positive catalysts:-
1) 3 sen Dividend to ex next week (10/12/15)
2) Announced Receipt of RM154 millions in CASH for exercising Its Put Option to dispose of its rights in the Damansara Town Centre Project. This had increased its CASH holdings by 154M.This cash infusion will immediately cut down its bank borrowings and reduce its gearing. It has also registered an Extraordinary Gain of 14m (which will push up its next quarter profit) . With the huge cash hoard and better expected results, we can expect a Special Dividend.
Malton's construction contracts in hand has been boosted by the in-house RM803m contract it got from the Desmond/Pavilion Group for its Bukit Damansara Town Centre Redevelopment Project.
Malton is my choice. All the positive catalysts for the Re-Rating is now in place.

actually very high Dividend Yield
Paid 4 sen (2 sen interim + 2 sen final) in 2014
paid 1 sen interim + present 2 sen (total 3 sen) in 2015

the 3 sen dividend in 2015 is equivalent to 7.06% return (3 sen divided by 0.425 current share price) MUCH HIGHER DIVIDEND YIELD THAN THE BANKS' FD INTEREST RATE OF 4.2%

MOREOVER, YOU CAN GET THE 2 SEN DIVIDEND IN ABOUT 35 DAYS COMPARED TO HAVING TO WAIT 365 DAYS FOR BANKS' FD.

ALSO OVER TIME MKLAND'S SHARE PRICE CAN RISE BECOS ITS PRESENTLY DEEPLY UNDERVALUED

HISTORICAL DATA on P.T.(price target)

Market prices

HIGH 2.24 (OVER 2 YEAR PERIOD)

0.94 TO 1.28 (52 WEEK RANGE)


PRICE TARGET

1.10 TO 1.80 (ASSIGNED BY VARIOUS ANALYSTS)

(comments of this wide range: Kenanga gave 1.10 after discounting 72% from its RNAV , etc
based on the current property recession in Iskandar and
Trop/s earlier proposal to buy the Plentong land for rm444M and i its possible exposure to its proposed GDV of rm3.7B (if the land
purchase is completed. HOWEVER, THIS DEAL WAS TERMINATED A FEW WEEKS AGO). THE MAIN REASON FOR KENANGA'S EXCESSIVE DISCOUNTING @ 72% TO ARRIVE AT THE PT OF 1.10 IS NO LONGER VALID AS THE DEAL WAS ABORTED, MOST ANALYSTS USE A DISCOUNT OF 50%. BASED ON SOME ESTIMATE OF TROP'S RNAV OF 2,60, THEY GAVE A PT OF 1,80)

Bonescythe.blogspot,com arrived at its price target of rm1.40 based on its very detailed analysis in 10 April 2015.

EXTRACTS FROM STARBIZ IN 2013 TO SUPPORT VIEWS THAT:
1) TROP;S PULAI LAND "IS RIPE FOR DEVELOMENT"
2) TROPICANA WOULD HAVE FULLY SETTLED ITS RM336M TO THE VENDORS OF THE PULAI LAND IN THE 3Q OF 2014 :

The land is located in an area “ripe for mixed development”, being in Flagship B of Nusajaya north of Iskandar Malaysia, and ringed by established residential developments such as SP Setia Eco Gardens, Bukit Indah, Horizon Hill, Leisure Farm and Ledang Heights.

Other amenities and attractions in the vicinity include Legoland, Sanrio Hello Kitty Town, Pinewood Studios, Puteri Harbour, Kota Iskandar, Educity, Afiat Health Park and Southern Industrial and Logistics Cluster. The land is accessible via multiple access roads such the Second Link Highway, Pontian Highway, Pasir Gudang Highway and Coastal Highway



Funding is to be raised from bank debt and internal funds, the exact mix of which would be decided later. Its gearing levels are not expected to change until the third quarter of next year, pending the completion of the sale.

Tropicana has paid an earnest deposit of 1% of the purchase price to the seller, or RM3.67mil, and would settle the 10% deposit upon the execution of the sale and purchase agreement.

The balance RM329.9mil would be paid three months after all the conditions for the deal are fulfilled

THE TERMINATION OF THE PLENTONG LAND WILL INDEED BE A GREAT ESCAPE AND A VERY POSITIVE TURN OF EVENTS FOR TROPICANA.
WITH THE KNOWLEGE OF THE HOUSING DATA RELEASED BY THE STATE AUTHORITIES AND THE ANALYSTS CONFIRMING THE HUGE OVERBUILT AND OVERSUPPLY SITUATION IN ISKANDAR (ESPECIALLY DUE TO THE MEGA PROJECTS BY CHINA PROPERTY DEVELOPERS) IT WILL DEFINITELY BE A STRATEGIC ADVANTAGE FOR TROPICANA TO HAVE AVOIDED ISKANDAR NOW/



,

I AM MUCH MORE POSITIVE ABOUT TROPICANA'S PULAI LAND. I HAD WORKED IN JB, KLUANG AND KULAI DISTRICTS BEFORE. HENCE I DO HAVE 1ST HAND PERSPECTIVES OF JOHORE, INCLUDING DEVELOPMENTS IN PULAI. I AM INCLINED TO SHARE THE MORE OPTIMISTIC VIEWS OF DEVELOPMENTS SUROUNDING TROPICANA'S PULAI LAND. (I.E AGREE TO THE POSITIVE DEVELOPMENT POTENTIAL COMMENTS EXPRESSED IN THE STAR BIZ NEWS IN 2013 ARTICLE BECOS SOME OF THE LEADING DEVELOPERS ALREADY HAVE PROJECTS THERE IN 2013).

THE MOST IMPORTANT ISSUE TO CONSIDER IS TROPICANA'S DEGEARING EXERCISE.
ITS PREVIOUS HIGH GEARING HAD BEEN A CONCERN AMONG ANALYSTS. ALTHOUGH THE HIGH BORROWINGS IN THE PAST WERE JUSTIFIED BECOS THEY WERE INCURRED DURING ITS AGGRESSIVE ACQUISITION OF LANDS TO EXPAND ITS LANDBANKS, ITS LARGE BORROWINGS WERE STILL A NEGATIVE. HENCE WE WERE VERY RELIEVED WHEN ITS BOARD OF DIRECTORS EMBARKED ON ITS DEGEARING EXERCISE SEVERAL YEAR BACK. WE ARE GLAD TO NOTE THAT IT HAD SUCCEEDED..
AND, WE DO NOT WISH THIS DOWNSIZING OF ITS BORROWINGS TO BE DISCONTINUED.

WE WERE INDEED RELIEVED THAT THE LAND PURCHASE IN ISKANDAR WAS NOT TRUE.
WE ARE ALSO CONVINCED THAT THE RM336M FOR ITS PULAI LAND HAD ALREADY BEEN COMPLETELY PAID FOR BECOS:
1) THE PURCHASE WAS DONE IN 2013 AND I AM SURE THE VENDORS WOULD ENSURE THEY HAD RECEIVED FULL PAYMENT 2 YEARS AGO.AND WHATEVER FINANCING NEEDED THEN HAD ALREADY BEEN ACCOUNTED FOR AND INCLUDED IN ITS EXISTING BORROWINGS.
2) I AM CERTAIN OF (1) ABOVE BECOS TROPICANA'S FINANCIAL STATEMENTS AS AT 30/6/2015 UNDER ITS "STATUS OF CORPORATE PROPOSALS WHICH REMAIN OUTSTANDING AND PENDING COMPLETION HAD NO MENTION OF ITS PULAI LAND PURCHASE.

Target Price RM1.40 (given by bonescythe.blogspot.my on April 10 2015 "The Tropical Storm"
(based on her well researched analysis)

I BELIEVE HER PRICE TARGET IS A VERY FAIR AND REALISTICALLY ACHIEVABLE P
MARKET PRICE VALUATION BASED ON THE STRONG FUNDAMENTALS AND ENTERPRISE VALUE DETAILED THEREIN. THE PRICE TARGET CAN EVEN BE HIGHER NOW SINCE TROPICANA HAD SUCCESSFULLY AND COMPETENTLY DOWNSIZED ITS BORROWINGS AND GEARING RATIOS SIGNIFICANTLY VIA DISPOSALS OF LARGE VALUE NON CORE ASSETS AND BUSINESSES DURING THE PAST ONE YEAR. LESS GEARING = LESS FINANCE COSTS = MORE PROFITS = MORE CASH RESERVES TO PAY DIVIDENDS (WHICH CAN AGAIN BE A MIX OF CASH CUM TREASURY SHARE DISTRIBUTION).
NEAR TERM POSITIVE CATALYSTS FOR SHARE PRICE UPSWINGS INCLUDE :-
1) A GOOD SET OF 3Q RESULTS TO BE OUT BY THIS MONTH END. GOOD PROFITS ARE EXPECTED BASED ON THE SUCCESSFUL DEGEARING EXERCISE COMPLETED OVER THE LAST 3 MONTHS
2) GOOD EARNINGS VISIBILITY BASED ON ITS RM3 BILLIONS UNBILLED SALES (UNBILLED
= SALES COMPLETED WITH PROGRESSIVE PAYMENTS RECEIVABLE FROM
PURCHASERS BASED ON LEGAL DOCUMENTATION AND PROGRESS CONSTRUCTION WORK DONE AS CERTIFIED BY ARCHITECTS.
3) OTHER VALID FINANCIAL DATA INCLUDE NTA 2.14, RNAV RM2.60, HISTORICAL MARKET PRICES ABOVE RM2.00. TROPICANA HAD IN THE PAST PAID INTERIM DIVIDENDS

GOOD LUCK TO ALL INVESTORS IN TROPICANA

MKLAND WILL PERFORM WELL AS ITS FUNDAMENTALS ARE STRONG. HOLDING IT FOR MEDIUM TO LONG TERM HAS LOW RISKS AND WE ARE IN THE MEANTIME COVERED BY HIGH DIVIDEND YIELDS.
NEAR TERM CATALYSTS TO PUSH UP MKLAND'S SHARE PRICE INCLUDE :
1) ITS UPCOMING AGM NEXT WEEK
2) ITS EX DIVIDEND DATE EARLY NEXT MONTH (10/12/15)
3) LAUNCHING OF SUASANA HOUSING PROJECT IN DAMAMSARA DAMAI NEAR MRT'S MAIN TERMINUS IN SG BULOH. PLUS NEW LAUNCHES IN DAMANSARA PERDANA
4) MORE NEWS OF MRT 2 ( WHICH ALIGNMENT IS CLOSE TO DAMAI). CONSTRUCTION TO START NEXT YEAR.
5) THE COMPLETION AND OPENING CEREMONY NEWSFLOWS FOR MAMMOTH EMPIRE'S HUGE PROJECT AT THE ENTRANCE OF DAMANSARA PERDANA. AND THE ADDITIONAL PERDANA LAND SOLD TO EMPIRE FOR RM82M

robbin65. THANKS FOR THE INFO AND CLARIFICATION ON THE " GELANG PATAH LAND PURCHASE ". WE HAD NOW CONFIRMED THAT THERE WAS NO SUCH PURCHASE. THIS IS VERY IMPORTANT AS WE ARE NOW SURE TROPICANA HAS NO BIG FINANCIAL COMMITMENT TO BORROW MORE TO FINANCE IT.
EVEN THE PURCHASE OF 106 ACRES OF LAND IN PULAI (NORTH OF ISKANDAR) FOR RM366M IS NOW CONFIRMED TO BE A POSITIVE FOR THE FOLLOWING REASONS:-
1) BOUGHT IN 2013, IT WAS ALREADY IN AN AREA "RIPE FOR DEVELOPMENT" THEN AS IT WAS ALREADY SURROUNDED BY MATURED DEVELOPMENTS AND WELL SERVED BY GOOD INFRASTRUCTURE.
2) THE LAND PURCHASED WAS EARMARKED FOR "ECO-THEMED RETAIL AND COMMERCIAL DEVELOPMENT" WHICH ARE NECESSARY FOR PULAI'S GROWING URBANISATION. IT'S NON-RESIDENTIAL AND HENCE HAS NO GLUT OR OVERSUPPLIED PROBLEMS WHICH ARE NOW AFFECTING ISKANDAR'S RESIDENTIAL MARKET
3) THE LAND WAS PURCHASED IN 2013 AND IT WOULD HAVE BEEN FINANCED WAY BACK IN 2013 AND IS ALREADY PART OF TROPICANA'S EXISTING BORROWINGS. THERE WILL BE NO ADDITIONAL COMMITMENT TO BORROW MORE FOR IT. HENCE, TROPICANA'S CURRENT DOWNSIZING IN BORROWINGS OR DEGEARING WILL CONTINUE SMOOTHLY.
4) THE PULAI LAND, BEING COMMERCIAL, IS NOW WORTH A LOT MORE.
(for more details of the purchase of the Pulai land, plse refer to the 2013 article from The Star newspaper attached above by robbin65)

A LEADING ANALYST HAS GIVEN A FAIR VALUE TARGET PRICE OF RM1.40. (FAIR AS ITS NTA IS RM2.14 AND ITS RNAV IS RM2.60). IT IS PROFITABLE AND GIVING DIVIDENDS.
ITS LANDBANKS ARE IN PRIME LOCATIONS IN THE KLANG VALLEY/SELANGOR AND PENANG. CURRENTLY ALREADY HAVE UNBILLED SALES OF RM3 BILLIONS THUS ENSURING EARNINGS VISIBILITY IN THE NEXT 3 YEARS. ITS GEARING HAS BEEN REDUCED SIGNIFICANTLY, THUS ENHANCING ITS FUNDAMENTALS/FINANCIALS

hng33. Tropicana'sale of its Bukit Bintang land for RM448 millions for CASH will boost its cash reserves besides registerind another good capital gain. This will be on top of the RM200M from the sale of Kima

I BELIEVE PROSPECTS FOR TROPICANA TO REPORT A STRONG SET OF RESULTS, AN INTERIM DIVIDEND (THEY HAD PAID INTERIMS IN THE PAST), AND OTHER GOOD NEWS ARE BRIGHT

REGARDING THE "OTHER PURCHASE OF LAND IN GELANG PATAH, JOHORE FOR RM500 MILLIONS" MENTIONED ABOVE IS SOMETHING NEW TO ME.
HENCE I WENT THROUGH ALL TROPICANA'S ANNOUNCEMENTS VIA BURSA ALL THE WAY BACK TO 2013. THERE WERE NO MENTION OF ANY SUCH PURCHASE.

TO SCRUTINISE IT FURTHER, I STUDIED TROPICANA'S Financial Statements AS AT 30/6/2015. COMBED THROUGH "STATUS OF CORPORATE PROPOSALS"
AGAIN THERE WERE NO SUCH LAND PURCHASE IN GELANG PATAH, JOHOR. AS BEING AN OUTSTANDING CORPORATE PROPOSAL.

I THINK THERE MUST HAVE BEEN AN ERRONEOUS INFORMATION.
NEVERTHELESS, I AM GLAD THAT THERE WAS IN FACT NO SUCH LAND PURCHASE.

NEVERTHELESS, 444M PAYABLE INCLUDING 330M FINANCING IS STILL LARGE. EVEN MORE SIGNIFICANT IS THE GROSS DEVELOPMENT VALUE OF 3.7 BILLION WHICH CAN BECOME A BIG PROBLEM WHEN U CANNOT SELL THE UNITS DUE TO THE GROSSLY OVERBUILT SITUATION IN ISKANDAR.
HENCE ITS TERMINATION IS INDEED A GOOD THING

TROPICANA'S AUDITED NET TANGIBLE ASSET PER SHARE IS RM2.14. ITS RNAV (REVALUED NET ASSET VALUE) IS RM2.60.
MOST ANALYSTS WILL DISCOUNT THE RNAV BY 50% TO ARRIVE AT THE FAIR VALUE OF THE SHARE. FOR TROPICANA, ITS RNAV WILL THEREFORE BE RM1.30 (THERE IS A RARE DISCOUNT CARRIED OUT BY ONE ANALYST @ EXCESSIVE 72% TO ARRIVE @ RM1.10. THIS IS EXCESSIVELY OUT OF THE NORM AND IS AN UNFAIR ASSESSMENT OF TROPICANA. HOWEVER I BELIEVE THIS ANALYST DID IT BECOS OF TROPICANA'S PREVIOUS HUGE EXPOSURE TO ITS RM3.7 BILLION PURCHASE OF THE PLENTHONG LAND IN ISKANDAR JOHOR. THIS "DEAL" WAS CANCELLED MUTUALLY RECENTLY (REFER TO ANNOUNCEMENT BY THE COMPANY),
THIS RISKY PROJECT (WHICH WOULD HAVE BIG BURDEN, (FINANCIALLY DUE TO THE NEED TO BORROW N GEAR UP AGAIN) AND BECOME A DRAG ON THE PROFITABILITY OF TROPICANA (DUE TO THE PROPERTY RECESSION NOW IN ISKANDAR DUE TO GROSSLY OVERBUILT AND WEAKENING DEMAND) HAD NOW BEEN LIFTED. TROPICANA WHICH HAD WORKED SO HARD OVER THE LAST FEW 2 YEARS TO DISPOSE OF ITS NON CORE ASSETS N BUSINESSES WILL NOW REMAIN LEAN AND FUNDAMENTALLY MUCH STRONGER.

BASED ON THE ABOVE POSITIVES, TROPICANA'S CURRENT PRICE IS ON THE PATH TO RECOVERY. ITS FORTHCOMING RELEASE OF 3Q RESULTS AND THE PROSPECTS OF AN INTERIM DIVIDEND WILL BE THE NEAR TERM CATALYSTS TO BOOST ITS SHARE PRICES.

A LEADING ANALYST HAD GIVEN A VERY GOOD/DETAILED WRITE UP AND GAVE TROPICANA A FAIR PRICE TARGET OF RM1.40

ALL VIEWS AND OPINIONS FOR SHARING TO KEEP MEMBERS BETTER INFORMED ARE WELCOME.

GOOD LUCK TO ALL INVESTORS IN TROPICANA

going to follow kktom

FULLY AGREE WITH hng33. BY THEN YOUR ID WILL BECOME hng88 AND MINE WILL BE darrenliew88.
ABOVE 1.00 IS ATTAINABLE WITHIN THE NEXT FEW SESSIONS. NTA PER SHARE IS RM2.14. PAR VALUE IS RM1.00. PAST RECORDS CONFIRMED IT HAD GONE UP ABOVE 2.00.

TROPICANA'S 3Q RESULTS SHOULD BE GOOD BASED ON ITS DISPOSALS OF MANY NON CORE PROPERTIES, LANDS AND SOME BUSINESSES, BRINGING IN GREATER CASH INFLOWS, REDUCING ITS BORROWINGS/GEARING FURTHER AND REGISTERING CAPITAL GAINS.
TROPICANA RECENTLY WAS BLESSED BY THE CANCELLATION OF THE RM3.7 BILLIONS LAND PURCHASE IN PLENTONG, ISKANDAR JOHOR. ISKANDAR IS NOW SUFFERING FROM A PROPERTY "RECESSION" DUE TO ITS HEAVILY OVERBUILT SITUATION AGGRAVATED BY SOFTENING DEMAND. RM3.7B IS HUGE AND WOULD HAVE BOGGED DOWN TROPICANA IN DIRE STRAITS IF NOT ABORTED. NOT ONLY BE FACED WITH A HUGE PROJECT WHICH MAY SELL POORLY, IT WILL SPIKE UP ITS BORROWINGS/GEARING AGAIN.
IT'S A VERY FORTUNATE ESCAPE FOR TROPICANA.
HOUSING DEMAND IS RELATIVELY MORE RESILIENT IN THE KLANG VALLEY, SELANGOR AND PENANG WHERE TROPICANA HAS PRIME LANDBANKS AND PROJECTS.
NOW WITHOUT THE RM3.7B ISKANDAR PROJECT, TROPICANA WILL HAVE LESS GEARING AND BETTER CASH FLOWS FOR ITS PROJECTS IN THE 3 LOCATIONS ABOVE PLUS HAVE MORE CASH RESOURCES TO CONTINUE WITH ITS SHARE BUYBACKS AND PAY DIVIDENDS. WE CAN EVEN EXPECT A SPECIAL INTERIM DIVIDEND WHEN ITS 3Q RESULTS ARE ANNOUNCED.
(Disclaimer. my view above are just views and opinions and is not a solicitation to buy or sell Tropicana or other shares. its just for sharing of market information)

THE BIG RISK IS MOST OF US ARE UNABLE TO RUN FAST ENOUGH ( WE ENTER LATE AFTER RECEIVING SUCH TIPS LATE AND ALSO RISK EXITING LATE)
ANYWAY, THERE WILL ALWAYS BE MANY TYPES OF INVESTORS OR PUNTERS. EACH WILL HAVE ITS OWN NICHE AND STRATEGIES.
BEST OF LUCK AND WISHES TO ALL

WHILE ALL INVESTORS'S PRIMARY AIM IS TO MAKE MONEY FROM SHARE INVESTING, WE MUST ALSO DO SO WITH DUE CARE SINCE HIGHLY SPECULATIVE SHARES ARE EXPOSED TO VERY HIGH RISKS OF CAPITAL LOSS DUE TO SUCH RISKY SHARES LACKING FUNDAMENTALS (eg, low NET TANGIBLE ASSETS BACKING, PERSISTENT BUSINESS LOSSES, HIGH BORROWINGS/GEARING, ETC) AND WHICH ARE LIKELY MANIPULATED BY SYNDICATES (INVESTORS SHOULD FAMILIARISE THEMSELVES WITH THE RISKY "PUMP & DUMP" OPERATIONS BY SYNDICATES.

SAFETY FACTOR.( TO PROTECT OUR INVESTMENT CAPITAL), IS IMPORTANT TO US WHILE AIMING FOR POSITIVE RETURNS FROM GOOD DIVIDEND YIELDS AND CAPITAL GAINS AS THE SHARE PRICE APPRECIATES BASED ON STRONG FUNDAMENTALS.

HENCE WE ARE CONVINCED THAT OUR MKLAND IS OUR RIGHT STOCK CHOICE.

HA. HA. QUITE A BIT. I ACCUMULATED MKLAND BASED ON ALL THE REASONS GIVEN AND WHICH I FIRMLY BELIEVED IN. BESIDES THE SAFETY FACTOR (VERY IMPORTANT IN ORDER TO PROTECT AND PRESERVE MY CAPITAL) AND THE GOOD PROSPECTS OF VALUE APPRECIATION OVER TIME, I AM HAPPY TO RECEIVE CASH DIVIDENDS WHOSE YIELDS ARE MUCH BETTER THAN BANK FIXED DEPOSITS.

POSITIVE SIGNS. MKLAND'S SHARE PRICES FIRMING UP NICELY
A LOT OF TRADES DONE @ 0.445.

GOOD SUGGESTION. INCREASING DIVIDEND PAYOUTS WILL DEFINITELY ENHANCE THE QUALITY AND ATTRACTIVENESS OF MKLAND AS AN INVESTMENT STOCK TO MORE INSTITUTIONAL FUND MANAGER,PENSION FUNDS LIKE EPF, ETC.
BEING DEEPLY UNDERVALUED AND PAYING HIGH DIVIDENDS, IT WILL BE A BIG BOOST TO MKland's SHARE PRICE IF SELECTED BY VALUE CAP'S TARGETED RM20 BILLIONS PORTFOLIOS TO BE ACTIVATED NEXT MONTH. MKLAND'S SOUND FUNDAMENTALS + SHARIAH COMPLIANT QUALIFIES TO BE TARGETED.

NEMESIS CAN BE MORE SPECIFIC IN HIS (AND OURS' )REQUEST WHEN ASKING THE BOARD TO GIVE A SPECIAL DIVIDEND. THE SALE OF LAND IN DAMANSARA PERDANA TO MAMMOTH EMPIRE IS BRINGING IN CASH OF RM82M. THE PLANNED SALE OF THE 55 ACRES SETIA WANGSA LAND IS NOW REPORTED TO BE WORTH A LOT MORE THAN THE RM96M PRICE TAG IN THE EARLIER PROPOSED (NOW CANCELLED) SALE

WE PREFER TO STICK TO MKLAND :-
1) SAFETY FACTOR BASED ON CURRENT LOW SHARE PRICE SECURED BY STRONG FUNDAMENTALS (PROFITABLE RESULTS, COMFORTABLE GEARING, UNDERVALUED PRIME LANDBANKS BEING UNLOCKED/MONETISED VIA PROGRESSIVE PROJECT DEVELOPMENTS, SALES OF NON CORE/EXCESS LANDS TO ACCUMULATE MORE CASH RESERVES
2) BRIGHT PROSPECTS OF CAPITAL GAINS
3) GETTING HIGH DIVIDEND YIELDS IN THE MEANTIME

YES. MKLAND'S PAR VALUE IS RM1.
THE OTHER INDICATION IS THAT ITS DIVIDENDS ARE DELCLARED IN SENS (NOT IN %)

xfighter. Fully agree with you.
MKland is one of the rare stocks with very High Dividend Yields (besides being deeply undervalued based on fundamentals)
Past 2 years' Dividend Yields
=======================
2014 : paid 2+2 sen = total 4 sen or 10% dividen yield (based on MKlands share price then)
2015 : paid 1sen as interim D + current Final 2 sen = Total 3 sen or 6.82% (on price of 0.44 sen)

We and xfighter will be earning much higher Dividend Income from MKland compared to what we can get from Banks' Fixed Deposit rates of 3 to 4.2% p.a.
Also of great practical significance in terms of real cash inflows is that we will receive the 2 sen Dividend on 31/12/15 in about 1.5 month's time from MKland (compared to having to wait for 1 full year for the Bank FD to mature) .
We can earn much higher Dividend Yields in a very short time from MKLAND against receiving much less interest income and having to wait almost 12 times longer period if placed as FD.
(MKLAND covers us with good cash returns while we wait for its deeply undervalued assets to be unlocked over time)
Happy investing to all MKLAND'S supporters !!!

ALL VIEWS ARE WELCOME. IN THIS WAY ALL WILL BECOME BETTER INFORMED
MY VIEWS ARE THAT MKLAND HAVING STRONG FUNDAMENTALS WILL BE IN A BETTER POSITION TO SUCCESSFULLY OVERCOME WHATEVER ECONOMIC UNCERTAINTIES CURRENTLY FACED BY ALL BUSINESSES, INCLUDING MKLAND
NEVERTHELESS, MKLAND IS THE GOOD BUSINESS ADVANTAGES OF OWNING VAST PRIME LANDBANKS ACQUIRED AT VERY LOW COSTS (EG DAMANSARA PERDANA OWNED SEVERAL DECADES AGO)
APANAMA'S POINT REGARDING INFRASTRUCTURE COSTS IS VERY VALID. AS SUCH COSTS CAN BE VERY COSTLY WHICH WILL AFFECT/COMPRESS YOUR PROFIT MARGINS (WHICH CANNOT BE OFFSET OR COMPENSATED BY INCREASING YOUR PROPERTY SALE PRICES DUE TO THE PROPERTY RECESSION AS RIGHTLY OBSERVED BY NEMESIS.

DAMANDARA PERDANA IS ALREADY WILL SERVED BY EXCELLENT INFRASTRUCTURES.
DAMANSARA DAMAI"S (LOCATED NEAR MRT 1'S MAIN TERMINUS IN SG BULOH) INFRASTRUCTURES WILL BE GREATLY BOOSTED BY THE MRT 2 LINE WHICH WILL EITHER CUT ACROSS OR SKIRTS ITS LAND THERE. CONSTRUCTION TO START NEXT YEAR. MEANWHILE THE STATE GOVT IS GOING TO BUILD 2 MORE ACCESS ROADS LINKING IT L&G'S SRI DAMANSARA AND TO THE SG BULOH/KUALA SELANGOR TRUNK ROAD. PRIME LANDBANKS OWNED AT VERY LOW HOLDING COSTS + NO NECESSITY TO INCUR HUGE INFRASTRUCTURE WILL PUT MKLAND IN A MUCH BETTER POSITION THAN MANY OTHER DEVELOPERS.

AGREED. MKLAND HAS ALL THE FUNDAMENTALS AND CATALYSTS TO MOVE UP AFTER THE CURRENT CONSOLIDATION.
ITS PRICE UPMOVE WILL LIKELY COME AS WE NEAR THE AGM ON 26/11 AND THE DIVIDEND EX-DATE ON 10/12/2015

nemesis's comments are quite true. Activation of its share buy back programme can well become another catalyst to enhance shareholders' value in the form of better market price valuations + becoming part of its Dividend policy, i.e. a combination of dividend-in -specie and cash dividend.
This new catalyst can soon materialise as "the renewal of mandate for its share buy backs" is now part of the Agenda for its AGM on 21/11/15
(it will be good if shareholders attending the coming AGM "push" the Board for this to be actively carried out)

UNDERVALUED STOCKS NEED CATALYSTS TO UNLOCK THEIR VALUES IN ORDER TO INCREASE THEIR SHARE PRICES
============================
SOME MONTHS AGO I DISCOVERED THE CATALYSTS FOR EURO HOLDINGS (CODE 7208)
-----------------------------------------------------------------------
AND COMMENTED ON THEM AT THE FORUM FOR EURO. EURO'S PRICE THEN WERE BETWEEN 0.55 TO 0.60 (CUM BONUS 2 FOR 1).
WE BELIEVE IN THESE CATALYSTS AND ARE NOW MAKING HANDSOME CAPITAL GAINS AS EURO IS NOW WORTH RM0.90 TO RM 0.98)

MKLAND : HIGH DIVIDEND YIELDS. DEEPLY UNDERVALUED
===================================================
THE CATALYSTS FOR MKLAND TO UNLOCK ITS VALUES INCLUDE:-

STRONG FUNDAMENTALS
-----------------------------------
NTA RM0.96
RNAV RM1.56
FAIR VALUE TARGET RM0.80 (REFER ANALYST'S REPORT FROM PUBLIC INVEST)

REDUCED GEARING/BORROWINGS BY RM182M DURING THE LAST 2 YEARS TO A COMFORTABLE RM143M. FURTHER REDUCTIONS POSSIBLE WITH THE SALE OF ADDITIONAL LAND IN PERDANA TO MAMMOTH EMPIRE AND THE PLANNED SALE OF ITS 55 ACRES SETIA WANGSA LANDS FOR HIGHER VALUE (PREVIOUSLY ABORTED SALE AT RM82M).

HIGH DIVIDEND YIELDS
--------------------------------
PAID 4 SEN LAST YEAR
PAYING 3 SEN MOW.
(DIVIDEND YIELDING FROM 6.6% TO 10% PA (MUCH HIGHER THAN BANK FD OF 3 TO 4%)
GOOD PROSPECTS FOR DIVIDEND PAYOUTS TO BE INCREASED TO 4% OR MORE WITH SALES OF NON CORE LANDS + PROFITS FROM LAUNCHING OF NEW PROJECTS+ REDUCED BANK INTEREST EXPENSES.

CATALYSTS FROM BOOST TO THE VALUES OF ITS PRIME LANDBANKS IN DAMANSARA
-----------------------------------------------------------------------------------------------------------------------
PERDANA AND DAMANSARA DAMAI.
------------------------------------------------
PERDANA IS BOOSTED BY THE THRIVING MUTIARA/THE CURVE NEXT DOOR.
BEING FURTHER ENHANCED BY THE PROJECTS BY MAMMOTH EMPIRE
DAMAI LANDBANK WILL BE BOOSTED BY MRT 2 GOING THROUGH OR SKIRTING IT.
SELANGOR STATE GOVT JUST CONFIRMED SEVERAL ACCESS ROADS WILL BE BUILT LINKING DAMAI TO L&G'S BANDAR SRI DAMASARA AND TO THE SG. BULOH FLYOVER.
MKLAND LAUNCHING ITS SUASANA PROJECT THERE SOON

VALUE CAP'S RM20B TO BUY UNDERVALUED STOCKS IN BURA
=====================================================
FUNDS AVAILABLE THIS MONTH END.

WILL BE WONDERFUL IF MKLAND IS INCLUDED AS PART OF THE PORTFOLIO OF VALUE CAP
(ELIGIBLE BEING DEEPLY UNDERVALUED AND SYARIAH COMPLIANT)

Disclaimer
========
My comments above is not a solicitation to buy or sell MKLAND. Its merely to exchange market news and share opinions. All the info are mainly derived from the many Public Domains. The figures stated may not be updated.Tq

Such complaints are quite common and happens to many other developers' projects. Developers just have to rectify them. If i recall correctly Symlife also won some awards for some of their projects.

Not too sure about GOB after testing the market on undervalued property counters. Such shares are also being hit. Moreover, its supposed to be linked to Malton. Even Malton's( which is much more established and high profiled) share price also is finding it hard to move up. World markets are also not steady with no firm uptrend due to bond volatility and the likelihood of USA hiking its interest rates.. Prefers to be more conservative with whatever exposures we already have. Take it easy in the meantime and monitor the issues affecting world marts plus our local politics.

Hi, Invested in several counters which we had researched to be very undervalued against its fundamentals. However Bursa had turned bearish and weak market sentiments caused small lots selling pressure.cutting loss in small quantities = minor financial losses for them but a daily half sen to 1 sen loss add up to quite a lot. Besides Bursa weakness, i think punters were disappointed when there was no Dividend announcement in its 4Q results. But it only said "no INTERIM D for the current/4Q under review" Hence we are hopeful it can still give A FINAL D for the full year results ending 31/3/2015. There is no guarantee on this but if it happens, it will be helpful. We remain hopeful for several positives to happen. Watch out for news of Govt acquisition of its Sg Long land. Sym owns its 412 acres at very low costs.Current market is rm88 psf. Means Sym can make good capital gains there and bring in cash inflows. It also mean Sym can now proceed with its Sg Long township development. Being big, it can accomodate more affordable housing types where the current demand is up. Its low cost land can still generate good profit margins.
(disclaimer: the above are only my personal opinions and interpretations of mart info. Its not an invitation to buy or sell this share or any other shares)

A more positive view of Tropicana via a fundamental approach.
Backed by sound financial data:-
par value RM1.00
NTA 2.14
EPS 24.85 sen
P.E.ratio 4.3x very good (against its peers/competitiors'/property sector of 15x)
Dividend/Yield 5.4 sen/ 5.04%
Vast strategic landbank in prime locations in KL/Selangor/Penang/Johor
Unbilled Sales RM2.6B (giving positive earnings visibility for the next 2 years as progressive
billings/claims on buyers/financiers will become sales revenues n
profits). (Good timing for successful launches of its many projects
in the past 2 years b4 the current softer market condition in 2015)
High gearing: a negative among stock analysts. But its previous gearing of 7.2x had been
effectively addressed via rapid disposals of non-core assets/businesses totalling
more than RM2B (RM540m cash inflow by 3Q from sale of Tropicana City Mall,
RM448m from sale of Jln Bukit Bintang land, RM174m from sale of subsidary
(Kima), etc,. Will be reduced to a comfortable 0.52x

What are the risks ?

We find strong security and comfort when investing in Tropicana now.
In addition to the strong fundamentals listed above, we are now in a very advantageous position
based on :-
@ current price of 1.06 it is 52% below its 52 week high of 2.20
It is also 50% lower than its NTA (audited) of 2.14
RNAV computed by share analysts is 3.91. Most of them assigned a discount of 50%
thus giving it a fair value share price target of 1.95 (share price did go up to
2.20 in early 2014). some had now revised it to 1.83 (longer term view)
A well known financial blog targetted it @ 1.40 (medium term view).

(Disclaimer: My personal views & comments here are purely for exchange/sharing of info only.
Its not an invitation to buy or sell the shares discussed. Tq )

U are right!! Tropicana is today's one of the most undervalued stocks.The world's most successful stock investor, Warren Buffett, advised that "it's difficult to time the market. U wont succeed. Buy it when its already significantly undervalued compared to its fundamentals". Trop's fundamentals were listed in my comments above. It's also cum share dividend 1.3:100 equivalent to abt 1.4 SEN.(= to total dividend of 5.4 sen for FYE2014(interim 4 sen paid in 2Q + final dividend in specie). The attached write up by an investment bank supports its fundamentals:

Tropicana: Disposes Tropicana City for RM540m
Date: 27/01/2015

Source : Affin Hwang Capital
Stock : TROP Price Target : 1.83 | Price Call : BUY
Last Price : 1.06 | Upside/Downside : +0.77 (72.64%)

Back

Tropicana has entered into a sale and purchase agreement with CapitalMalls Malaysia to dispose off its Tropicana City for RM540m. Tropicana City comprises of the 4-storey Tropicana City Mall and 12-storey Tropicana City Tower. (Source: Bursa Malaysia)

Comment: We are not surprised with the disposal given its iconic landmark to the group. However, we are mildly positive with the development as 85% (RM460m) of the proceeds will be used to pare down the group's RM2.4bn borrowings, lowering its estimated net gearing level to 0.52x (from 0.72x as at Sept-14).

In addition, it will also save about RM23.5m of interest cost annually. However, it will lose an estimated net income of RM21.8m from the disposal. The disposal is expected to completed in 3Q15. No change to our earnings for now. Maintain BUY with a target price of RM1.83.

Source: Affin Hwang Capital Research - 27 Jan 2015

Today's announcement. The boss had bought another 11.45m shares (direct deals) bringing his total shareholdings in Trop to 71.33%. Positive implication??

fong7 is correct. trop has many ongoing projects. Needs some time to collate the data on its respective GDVs. But we can get its total sales and unbilled sales data from its latest 1Q results reports. Unbilled sales represents the portion of sales achieved during a particular quarter or year but has not been billed/payments collected from the buyers or their financiers due to legal documentation time lag and the stage of construction not yet completed according to the schedule of payments specified in their S&Ps. Over time and as construction progresses, unbilled sales become billed and turned in sales revenues and profits.. hence the unbilled sales is a good indicator of its future revenue/profits. Trop last reported its unbilled sales exceeded RM2B and its a positive indication.
But the most important factor in its business operations and future viability and profitability lies in its ability to reduce its gearing. All its other fundamentals are good (NTA 2.14 per share, last years EPS almost 25 sen, RNAV RM3.91, high take up rates in most of its project launches, good/low P.E. ratios of bet 4x to 5x only) But most stock analysts were negative on its high gearing (debts) last time. But this had been effectively addressed/rectified via sales of non core assets/businesses which todate totalled more than RM2B. eg its sale of its Tropicana Mall for RM540M cash is expected to be completed by 3Q this year. this sale alone will bring a cash inflow of rm540. this will reduce its gearing and achieved a big capital gain thus also boosting its profits for this year. Upon completion of the announced disposals of non core assets, it gearing will be reduced to comfortable level of below o.5.
Most of u are aware that financial analysts assigned a discount to the a developer's RNAV when computing the fair value/ target price. Most of them will discount it at 50%. TROP's RNAV is abt RM3.91. This will estimate a fair value of RM1.95 to Tropicana's share price.Several broker houses did give this price. But there is one which gave RM1.10 based on its 72% discount. I personally think this discounting is too extreme and unfair. Nevertheless a well known financial blog recently gave a target price of RM1.40. I believe it has good potential to scale higher once it reduced its gearing and reports higher sequential profits.

(disclaimer: above are only my personal opinions based on my own assessment of available market info. It is not an invitation to buy or sell this share)

Tropicana reappraised and had in fact found its sound fundamentals intact and growing stronger.
like in the tropical climate, it will be hot again soon.
Recently i opined that Trop is facing 2 head winds, (1) its shariah status (2) it is also exposed to housing glut in Iskandar Johor. Subsequent events were positive : (!) its shariah status was retained. (2) Unlike other pure play Iskandar developers, Tropicana is very diversified in its property developments with most of its prime landbanks in strategic locations in KL/Selangor and Penang( where stronger economic growth and increasing population build-ups due to natural + labour migration translate into stronger demand for housing). Hence Trop's exposure to Iskandar is mitigated by its better performing projects in other regions.
Tropicana's fundamentals remain strong and is in fact fast improving/strengthening . Its high gearing is being actively rectified via disposals of more than RM2B non-core assets & businesses. These will bring in big cash inflows, reduce it gearing to below 0.5, register significant extraordinary gains for its P&L a/c for its FY ending 31/12/2015. It will also enable its Management to focus on its core business.(i will try my best to compile the relevant data/info on its disposals of its bigger disposals of non core assets during the last 12 to 18 months ASAP).
Meanwhile its 1Q results improved and is on track to achieve its consensus profit target.
Good to note that its Dividend payouts for FYE 2014 actually increased. Paid 4 sens in 2Q + 1.3 to 100 share dividend as Final dividend (equivalent to about 1.4sen. Total dividends = 5.4 sens.

(Disclaimer. my comments above are purely my own opinions and are meant for exchange of market info only. Its not an invitation to buy or sell this or other shares. Tq )

positive news for Symlife's Sg Long huge landbank and its township development. Media reports that UTAR (University TAR) is relocating from Setapak to its new Campus at Sg Long today

We do not have details of the sales and their schedule of receivables from the buyers It is true that their apportionments are important as they affect the sales revenues and the profits reported for any quarter's results. However the fact remains is that all its sales will be fully accrued to the company whether in this Q or subsequent Qs. Hence we just accept it.

What i wish to discuss now is on its DIVIDENDS. What is forthcoming?
The 4Q results just announced said "do not propose to pay any INTERIM dividend for the quarter under review". i.e. no INTERIM dividend for this 4Q. This is consistent policy for Symlife. It is not its policy to pay interim dividends. But it had paid 4 sens last year as a 1st & final dividend. Hence altho it will not pay any interim dividend as in the past, it can still pay a DIVIDEND AS A 1ST & FINAL DIVIDEND FOR THE FINANCIAL YEAR JUST ENDED 31/3/2015.

It is still possible to see

i) a cash dividend
ii) a share dividend via a free distribution of its Treasury shares (it is now confirmed that it still has 388k shares bought under its buy back programme). Together with its just announced purchase of 10k, it will ow have 398k Treasury shares. Based on its capital base of 310k shares, it can declare a 1.2 for 100 distribution ratio. This is equivalant to an additional cash dividend of 1.26 sen (1.2/100x0.85 share price).(correct me if my computation is wrong)


(disclaimer. my personal opinions above are purely for exchange of views and to clarify various aspects of the 4Q results just announced and are not an invitation to buy or sell this or other stocks)

dragonking is correct.. the RM707M sales represent actual sales but NOT yet recognised in its account books or announced results. that is, its managment is correct in its reports that they achieved higher sales of RM707M but the billed sales (captured/included in its results as announced wll be different or less because a portion of the sales remained UNBILLED sales due to payments not yet fully received from the buyers or their financiers(who will pay only based on the schedule of progress payments specified in their S&Ps. The unbilled portions, i.e. the balance of purchase price, will then be carried forward to the next fiinancial quarters. Its OK and is cumulatively positive to future quarterly results as these unbilled sales progressivley turned into BILLED sales (recognised as sales revenues and profits).
Agreed that Symlife's sales revenues and profits will likely jump up in the coming 1Q results (as at 30/6/15). We can expect a Dividend declaration and other rewards for shareholders then..

Hi,azlan88. your clarification on "unbilled sales" was very accurate. its true that developers do not and cannot capture the full values of the sales prices immediately even tho supported by legal S&P agreements. Sales recognition have to be based on the architects' certification of various stages of construction. Hence, biilings for payments, initially on the buyers and then on to their financiers, will be done progressively following their respective schedules per S & P s. Meaning developers will only recognise as sales revenues only those portions that had been billed and payments received up to the end of each quarter. the balance of the sales prices will be carried forward/accumulated into the subsequent quarters. hence nemesis is correct that billed sale revenues will explode up (accompanied with their corresponding profits ) in the coming quarters. The unbilled sales of RM677m IS very positive

Hi, Agreed on your impression on my optimism of this stock. It has all the good fundamentals which u look for when selecting a stock for investment. Hence collects it when its currrent price is still cheap and wait for its value to catch up to its fundamentals.

Generally unbilled sales are houses sold during a certain financial quater but for some reasons and/or based on some criteria, were not captured into that quarter's sales. Not sure if there standard rules among developers governing the practice on capturing sales as sales for a certain quarter and carry forward the balance into the next quarter as "unbilled sales". Such decisions will have an impact on the sales revenue and therefore the profits reported for a particular quater or year. Nevertheless, the fact remains that sales carried forward as "unbilled sales" will have a positive and cumulative financial impact on the subsequent quater's financial results as the subsequent quarter's will be boosted up in its sales and profits.
Hence i agree with nemesis above that the coming 1Q results will be "explosively " good (based on his unbilled sales of RM667M on which a reasonable 10% profit margin or RM67.7M can be expected.
Overall the announced full year net profit > RM40M or EPS close to 15 sen is actually good. Symlife' latest profit is commendable. It's performance is better than many of its competitors. Based on its current price of 0.85 sen against its EPS of 14.82 SEN, ITS PRICE EARNINGS RATIO or P.E. is only 5.6 times (very cheap when compared to P.E.s of some of its competitors' which are now trading at more expensive P.E.s of between 12 to 18 times)
Its also comforting to know that Sylife is backed by a vast strategic landbank owned mostly at very low costs (as indicated by its audited NTA of 2.10 (without revaluation of most of its landbank)

Last year paid 4 sens giving a dividend yield of abt 4.8%