The current price for TA is unreasonably low. Market has wrongly price it too low. We will see uptrend for the next few months.

Yes, the Little Bay Project in Sydney are selling well.

That is while we say TA n TAGB are both undervalued. They own many 5 star hotels worldwide, grade A offices and prime landbank in Vancouver, Sydney and KL.

TAGB also owns Little Bay Project in Sydney which is selling well.

TA n TAGB are both undervalued. They own many 5 star hotels worldwide, a few grade A offices and prime landbank in Vancouver, Sydney and KL.

The FY16 Q1 and Q2 results of TAGB was not good because a few of its hotels underwent major renovations. The renovation costs were charged out as expenses and hence affected the results. Q3 results was back to normal and we are waiting for Q4 results now and expecting that to be good with the profits from the Vancouver project. I personally think that its results for next year will continue to be good after the hotel renovations which may attract more hotel guests and F&B sales.

The FY16 Q1 and Q2 results of TAGB was not good because a few of its hotels underwent major renovations. The renovation costs were charged out as expenses and hence affected the results. Q3 results was back to normal and we are waiting for Q4 results now and expecting that to be good with the profits from the Vancouver project. I personally think that its results for next year will continue to be good after the hotel renovations which may attract more hotel guests and F&B sales.

After consolidation for 10 days, E&O is moving again today. RM1.81 now. Slowly moving towards its intrinsic real value.

Seri Tanjung Pinang 2 reclamation project is progressing well. The outline of the STP2 phase 1 can be seen clearly from the sky. The strategic development partner is under negotiation now and the first development will be launched in 2018.

http://www.skyscrapercity.com/showthread.php?s=9fd7758a3c876766690de36c2c5033ff&t=552100&page=15

The leading developer in Kluang and Batu Pahat area. Involved in 2 projects in Klang Valley located at Mon't Kiara and Kota Kemuning. Deeply undervalued.

Inching up slowly. Undervalued counter.

Darrenliew, has the sales of the Tropicana's Bukit Bintang land been completed? Has the profit been booked?

I think this is the projrct that Takashi Sorimachi refered to.

Tropicana is going to start a JV integrated development project near to Pavilion in Bukit Bintang area. The project has a high GDV and it is in the prime location of golden triangle in KL. This could be the big project in prime location that was talked about in this blog.

Location and PublicInvest research of Sunway Velocity 2

http://eresearch.bursamalaysia.com/download.aspx?id=19268&type=research

Sunway has many investment properties that are yet to be sold to Sunway Reits. When it is sold to Sunway Reits at the market prices, Sunway will realise the difference between selling price and book values as profits. This is how Sunway has more advantage as compared to other property counters. When property market is soft like what we are in now, Sunway can develop investment properties and sell them to the reits at suitable time after the properties become mature.

The investment properties under Sunway now are
Sunway Pinnacle (Grade A Office Building).
Sunway Clio Hotel
Sunway Nexis
Sunway Giza
Sunway University
Sunway Velocity
Sunway Hospital Extension
Sunway Geo Office Tower

There is still between RM1.2bil to RM1.5bil profit that is yet to be realised.

Sunway is having a JV to develop a 8.45ac land just opposite the recently opened Sunway Velocity Mall in Cheras. This is a very good news as Sunway Velocity has already come to its tail end of development. It is very timely for Sunway to hv the JV for future and further development in the area.. The existing Sunway Velocity project has proven to be successful and it comprises of a shopping mall, a hotel and a medical centre. All these properties are not sold but kept as investment properties. After a few years, when these properties are sold to Sunway Reits, Sunway will book very high profits. Therefore, Sunway will continue to register good and increasing profits for the next few years even though the property market slows down. Sunway is another handful of developers (apart from MKH) which may not be affected by the current downturn. The respectable investor, KYY has been concerned about the profitability of property counters but Sunway, MKH, Tropicana and a few others should not be in the profit warning list.

Based on the capital size of Symlife, I think the current number of projects is enough for the company to deal with. They have Star Residence, Elevia, Twy, Tijani Kota Baru and soon to be launched Union Suites @ Sunway to work on. Hopefully, they can improve and increase the sales levels in hand for all the projects and we will see very good profits for the next 3 years. The shre price will soar if the projects are selling well. A lot of capital is needed to work on each project and having too many projects running concurrently may not be good for the company.

Anybody has any info when they are going to reveal the Sungai Long Project? It has been 3 to 4 years since they possessed the land and talked about the project. This is the jewel of the crown for Symlife.

Khat, u said they become good already. They will treat the shareholders well and they do charity.

Khat. u know them well?

Icon8888, you are right that we need to choose wisely for investing in asset based investment. Some asset rich companies do not move for a long time because the major shareholders are too rich and not interested in making money from the fluctuations of its own share price. Some are too low profile and just let their share prices underpriced consistently. They don't bother about their rankings in the 40 richest men in Malaysia.

Thanks for your input. I accept your advise for my future investment strategy.

Icon8888, what u said is true. Asset rich company like Tropicana is very safe. The share price is below the the actual net worth. The current low share price is more due to the current poor sentiment about property sector and the investors ignorance on the real value of the company. When the sentiment improves, Tropicana will go back to its actual value..

KSL's project in Bandar Bestari, Klang is only about 20% developed. There is still a lot of land left for future development. Ongoing projects in Klang under development now are shophouses and 3 blocks of condominiums. Launching soon are two phases of landed properties comprise of semidees, cluster houses and superlinks.

Apart from Klang, KSL is also actively developing in Johor Baru. The highrise development especially from Mainland Chinese developers in Johor Baru are oversupplied. KSL has since moved to launching landed properties especially in Bestari Indah (Ulu Tiram), Bestari Kempas (Kempas) and Nusa Bestari (Buikit Tinggi). All of them are in Johor Baru.

There are a lot of Johor Baru people who work in Singapore. With the high exchange rate of RM3.13 to S$1, these ppl have a lot of excess money to buy first or even 2nd properties and they are the target customers of KSL. These group of local ppl prefer to purchase reasonably priced landed properties from local developers like KSL. They are not interested in the overpriced condominium developed by the Chinese developers like Country Garden, R&F or Greenland.

I would say Bandar Bestari, Klang is about 20% developed. There is still a lot of land left for future development. Ongoing projects under development now are shophouses and 3 blocks of condominiums. Launching soon are two phases of landed properties comprise of semidees, cluster houses and superlinks.

Apart from this, KSL are also actively developing in Johor Baru. The highrise development especially from Mainland Chinese developers in Johor Baru are oversupplied. KSL has since moved to launching landed properties especially in Bestari Indah (Ulu Tiram), Bestari Kempas (kempas)and Nusa Bestari (Buikit Tinggi). There are a lot of Johor Baru people who are working in Singapore. With the high exchange rate of RM3.13 to S$1, these ppl have excess money to buy first or even 2nd properties and they are the target customers of KSL. These group of local ppl prefer to purchase reasonably priced landed properties from local developers like KSL. They are not interested in the overpriced condominium developed by the Chinese developers like Country Garden, R&F or Greenland.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

Property counters are increasingly active and moving up in price.

E&O is inching up slowly.

Undervalued property counter

http://klse.i3investor.com/blogs/coldeyedsharing/17820.jsp

It used to be quite busy here but now it is so quiet. I believed many have already sold off their holdings after the shares dropped from RM2.60 to RM1.40. Dropped almost 46% before it started to improve recently.

The land in the nearby area is trading at around RM800 to RM1000 per sq ft. I would see the strategic investor may have top pay between RM400 to RM600 per sq ft. If E&O can sell at this price, it will be very profitable because its cost is around RM150 per sq ft.

BabyTA, I would say it is generally true bcos TA has 60.2% of TAGB.

It is wrong that the market says TA n TAGB is having currency exchange losses when the Ringgit depreciates as what has been happening currently.

Let us take an example,

A hotel in Australia. Bought at AUD200mil a few years back ( when Ex Rate was at A$1 : RM2.80). Paid by A$60mil cash n A$140mil loan.
The net asset value is A$60mi = RM168mil

Ringgit had depreciated badly since then. The exchange rate today (A$1 : RM3.35).
The nest asset value is A$60mil = RM201mil.

The depreciation of Ringgit has actually benefited TA n TAGB. The net worth of the Aussie hotel has actually increased from RM160mil to RM201mil.

Fabien Extraordinate, u r right. It is wrong that the market says TA n TAGB is having currency exchange losses when the Ringgit depreciates as what has been happening currently.

Let us take an example,

A hotel in Australia. Bought at AUD200mil a few years back ( when Ex Rate was at A$1 : RM2.80). Paid by A$60mil cash n A$140mil loan.
The net asset value is A$60mi = RM168mil

Ringgit had depreciated badly since then. The exchange rate today (A$1 : RM3.35).
The nest asset value is A$60mil = RM201mil.

The depreciation of Ringgit has actually benefited TA n TAGB. The net worth of the Aussie hotel has actually increased from RM160mil to RM201mil.

Christophertopher, the low price of 22sen was hard to believe. Somebody purposely pushed down the price (as the market sentiment was bad) so that they can collect them cheap. The minorities who are less informed about the actual worth of the counter or financially weaker just surrender to the market and sold off their positions.

I am hoping that other knowledgeable researchers like Icon8888, FAIRnREASONABLE, Calvintaneng n others can look into these two counters and give their views.

I am hoping that other knowledgeable researchers like Icon8888, FAIRnREASONABLE, Calvintaneng n others can look into these two counters and give their views.

For TA,
Tony & related parties have 32.1%, just 0.9% to achieve 33% to trigger Mandatory General Offer (MGO).

For TAGB,
Tony and related parties have 73.0%, just 2 % away from the 75% to trigger Mandatory General Offer (MGO).

I just worried that the minorities will be forced to sell at unreasonable price like OSKProp and PJDev in 2015 n 2016.

Thks, Singh 1.

For TA,
Tony & related parties have 32.1%, just 0.9% to achieve 33% to trigger Mandatory General Offer (MGO).

For TAGB,
Tony and related parties have 73.0%, just 2 % away from the 75% to trigger Mandatory General Offer (MGO).

I just worried that the minorities will be forced to sell at unreasonable price like OSKProp and PJDev in 2015 n 2016.

The Net Asset Value (NAV) of TAGB in the financial report is RM0.54 / share. However, if you calulate its Revised Net Asset Value (RNAV) by calculating their assets based on the current market values, the RNAV should worth about RM1.30 / share.

The market including institutional and individual investors overlook the counter and trade the company at RM0.27 instead of RM1.30, that is really an unbelievable bargain. Tony knows that the company is worth RM1.30/ share. Now, there are still people willing to sell at RM0.27, he surely will buy whatever sale quantities in the market. I think he will privatise the company to reap this full benefits of the market ignorance on the counter. The local investors do not know how to appreciate the premium quality and premium locations of the development land, hotels and office buildings (None of its assets is in hulu hulu place).

Some of its properties

In Malaysia
KLCC Land ______________________ NAV : RM 716/sq ft______Market Value : RM3,500/sq ft
Bukit Bintang Land ( near to Pavillion) __NAV : RM 682 /sq ft ____Market Value : RM 3,300/sq ft
Damansara Avenue ________________ NAV : RM 88/sq ft ______Market Value : RM 500/sq ft

Outside Malaysia
Radison Plaza Hotel, Sydney, Australia _NAV : RM 262mil______ Market Value : RM 838mil
Westin Hotel, Melbourne, Australia_____NAV : RM452 mil ______ Market Value : RM 865mil
Swisstotel MCt, Singapore ___________ NAV : RM 593mil ______ Market Value : RM1,488mil

To Tony, the best business is to collect TA and TAGB shares. It will be best of the best if they can be privatised.

The Net Asset Value (NAV) of TAGB in the financial report is RM0.54 / share. However, if you calulate its Revised Net Asset Value (RNAV) by calculating their assets based on the current market values, the RNAV should worth about RM1.30 / share.

The market including institutional and individual investors overlook the counter and trade the company at RM0.27 instead of RM1.30, that is really an unbelievable bargain. Tony knows that the company is worth RM1.30/ share. Now, there are still people willing to sell at RM0.27, he surely will buy whatever sale quantities in the market. I think he will privatise the company to reap this full benefits of the market ignorance on the counter. The local investors do not know how to appreciate the premium quality and premium locations of the development land, hotels and office buildings (None of its assets is in hulu hulu place).

Some of its properties

In Malaysia
KLCC Land ______________________ NAV : RM 716/sq ft______Market Value : RM3,500/sq ft
Bukit Bintang Land ( near to Pavillion) __NAV : RM 682 /sq ft ____Market Value : RM 3,300/sq ft
Damansara Avenue ________________ NAV : RM 88/sq ft ______Market Value : RM 500/sq ft

Outside Malaysia
Radison Plaza Hotel, Sydney, Australia _NAV : RM 262mil______ Market Value : RM 838mil
Westin Hotel, Melbourne, Australia_____NAV : RM452 mil ______ Market Value : RM 865mil
Swisstotel MCt, Singapore ___________ NAV : RM 593mil ______ Market Value : RM1,488mil

To Tony, the best business is to collect TA and TAGB shares. It will be best of the best if they can be privatised.

It is possible that CCCC who reclaims the islands in STP2 take up some shares in the project.

The NBV of TAGB in the account is RM0.54 per share.

At this NBV
1) the land opposite KLCC is valued at RM716/sq ft. The current market price is RM3,500/sq ft

2) the land in Damansara Avenue is valued at RM88/sq ft. the current market price is RM500/sq ft

The NBV of TAGB in the account is RM0.54 per share.

At this NBV
1) the land opposite KLCC is valued at RM716/sq ft. The current market price is RM3,500/sq ft

2) the land in Damansara Avenue is valued at RM88/sq ft. the current market price is RM500/sq ft

Singh 1. What you said is true. All the hotels in Australia, China, Canada, Singapore and Thailand were bought at very cheap price. The hotels in Australia, China, Canada and Singapore have appreciated more than 100% or 200% from their original price (still booked the purchase price in the accounts). I think Tony has the intention to take the company private.

Like what Lele stated earlier, Tony and related parties have accumulated

TA - 32.0874% shareholding

TAGB - 72.8727% shareholding (including TA shareholding)

They are very near to the MGO trigger line.

Tony will be more than 100% richer if he can take the company private. Furthermore, he can choose to list it in other more active bourse like HK, London, Toronto or NY. TAGB assets are more than eligible for him to do that. All are 4 stars, 5 stars or even 6 stars hotels in premium locations.

Singh 1. What you said is true. All the hotels in Australia, China, Canada, Singapore and Thailand were bought at very cheap price. The hotels in Australia, China, Canada and Singapore have appreciated more than 100% or 200% from their original price (still booked the purchase price in the accounts). I think Tony has the intention to take the company private.

Like what Lele stated earlier, Tony and related parties have accumulated

TA - 32.0874% shareholding

TAGB - 72.8727% shareholding (including TA shareholding)

They are very near to the MGO trigger line.

Tony will be more than 100% richer if he can take the company private. Furthermore, he can choose to list it in other more active bourse like HK, London, Toronto or NY. TAGB assets are more than eligible for him to do that. All are 4 stars, 5 stars or even 6 stars hotels in premium locations.

Plantation stocks are rising in price today.