i think traders will continue to trade it lower until 1, SKIN financing completed. 2, after GE.
not much to do with business really, just trading activities.

no viagra cannot up already. haha!

Any other research paper available to share? Thank you! (remember RHB has it last time, not sure now still have it or not).

never mention land bank. Who knows how many acres undeveloped landback Tambun has currently?

how's tambun's recent landbank condition? how many acres they have waiting to be developed?

wow....free fall....

dividend depends on earnings. lower earnings, lower dividend.
is penang that bad? really that bad?
competitions is fierce too, mahsing, eco world....invading penang...

i think what it gets now is the payment for construction works, where that after 3 years payment for the next 12 years is for maintenance of the system.

@rich，what do you mean? I don't understand.

wow! really falling knife....

Top Glove said to buy Aventa. Story ends. Haha!

cool! lets see how tambun unveiled values...

thanks for the sharing, kancs3118.
my major two concerns.
1, is the economy there strong enough to attract that many people moving their homes there? mainly about jobs availability. What's Penang's government's plan on the Penang mainland? Industrial? Or Servicing business? Or what? Are businesses in Penang Island considering to move some of their expansion into the mainland? Or there are new investors? Because Penang somehow lack support from our government, for the sake of political concern.

2. As those giants (eco world, sunway, mahsing) moving in to the mainland, can tambun still survive? This leads to the question of is there enough populations to absorb that many properties.

anyone lives in Penang mainland, can tell us how's the housing business there. Is it really bad?

if less project launch, with existing stocks sales not well, earnings should come lower. That case, dividend will also be affected. Huayang has been obviously happening this way.

My average price for Tambun is 1.39, bought since 2013 until recently also added some at 1.09 and 1.16. However, some bought at high price of 1.70-1.80 during 2015.

becoming a falling knife....

Is Tambun that bad now?

wow....is tambun going to reach as low as 1.10? can see accumulation at low, but the sellers are just non-stop, although in small amount.

anything net yield below 5.5% doesn't sound attractive for me...

hardly see any investment banks writing reports for us to see what's going on in the company.
anyone has any such papers, please share them here. Thanks!

thank you very much, nikicheong!

it's one of the classic example of value trap in recent years, i guess.

ylsc,
1. pavilion 2 still under construction now. It will only begin operation in 2020-2021. The sales target has no guaranteed at all. Don't get me wrong, without big surprise, i have little doubt the mall can become a big hit for that area. Pavilion group has strong evidence for great mall management. No matter what, 3-4 years is a long time. And usually any new mall requires few years to bear fruit (with good rental reversion, higher occupancy rate etc), even for great malls.

2. 1.7b sales means the overall retails shops sales, not rental fees.

3. malton does not fully own pavilion 2, just one of the large shareholders.

4. Malton is trading at 15x PE now, that's among one of the highest in property sector.

However, for its rich and quality assets in hand, it does has good potential. But, we never know when it will strongly release those values. Its projects launching has been very slow in recent years, that's why share price dropped tremendously over the years caused by disappointment from investors.

the biggest problem is valuation too high, and there is lack of IBs covering to write reports to support the high valuation for any positive outlook on mid to long term.

this website used to share many IB's reports, but recently no more, so little.

thanks for the info!
it would be a great news if it's true that the "future income" can start putting into the accounting as early as FY17.

thanks for the info!
wish to see you guys share some investment banks' report soon. I'm on cimb and too bad it doesn't cover tambun.

they are slowing down on projects launching due to take up rate not good enough, is it?
anyone has reports other than maybank on tambun? lack of info for this stock. Not even know how its undeveloped landbank condition. How many acres is there?

this is a long term contract, profit can only come in 3 years later. And before that, the only thing is doing the work + getting some kind of loan to finance the project. "if" all goes well, the profit will double or triple after 3 years. Thing is, at current valuation of PE 85x, it clearly already priced in some of its profit capability 3 years in the future. So yes, to investors, this is the situation right now.

If I am not mistaken, all those TPs did not include SKIN contribution. Please correct me if I was wrong.

anyone has RHB latest report after SKIN confirmation? Thanks

anyone has RHB report for it after the announcement to share? Thanks!

1.30 would be nice

an 18% decrease of dividend is definitely not what investors happy about for its huge cash pile in the balance sheet, that including myself. I am a long term shareholder, already 6 years+ until now.

HL report saying dividend is 1.24 (full year 1.39), but i also read 1.02 (adding the previous 0.15 is 1.17 in total only). hmm.....HL made a mistake? Or Panamy not yet declare a special dividend？

looking for 33.90 support then....

bad eps, bad dividend.
it has so much cash, more than 30% of its current market share. But not using much, just mild expansion on manufacturing, and no increase (but decrease) of dividend to shareholders.
hmm.....not pretty.

wah! why dividend so little?!

why this website recently hardly update their research papers info?

i want to see investors teamed up with london boys to vote for liquidity, teach ttb a big lesson.
this is value trap for sure. Ask him, will he invest in value trap stock, see how he answer.

fyi, cimb just ceasing coverage on Vivocom today.
be careful....

has ttb investing recently on icap? or still continue throwing shares to accumulate EVEN MORE cash?

I think, the concept of "depending on when someone bought the share" is fundamentally wrong.
In value investing, everyday is a judgement day. For today, if one thinks the stock is overvalued, he or she should begin the selling plan, although no need to rush for that since earning growth may be on its way, which ends up lowering PE. The same concept goes for buying a stock, no matter when he or she bought it and how much paper profit he or she had on that stock.

based on panamy as a high quality consumer stock. Average PE for this category is about 18x, where those "superstars" goes beyond, ie. Nestle, even though their growth potential may not be as high.

if below 30, it could entered a bigger correction, so not a good point to buy i think. I am long time bullish on panamy. So, if price below 30, i'll wait further to maybe 28. On the other hand, if price stabilized above 30.50, i will continue adding more shares. I still think it's cheap currently. My own fair value is PE 18x.

FF continues selling...

so share price dropped for a good reason.
now what? bottom yet? or continues dropping?

added some at 31.18.
will add more if below 28.

what gaming? casino or sports?

hard to time the market. haha!