Target price - break RM0.70 on this coming monday.

This is the very interesting interviews. I believe you all may have a confident to add more TA or TAGB shares after watching it. Lucky to have this young entrepreneur- Tiah Koo Kim in the group.

Let understand more about Tiah Joo Kim.

https://m.youtube.com/watch?v=lmzkACciKZc

@Lele, of course we never think TA will sell their assets. TA always emphasized the recurring income, that why TA not in a hurry to sell TA Securities to get one off profit as this biz still provide cash cow to the group. I believe no harm to take a look for TA book value.

@singh1, hope TA success bring all shareholders success together.

As at 30sept2017
Cash and bank balances = RM1,036,503,000
Number of units = 1,711,909,630

RM0.60 cash per share.

Book value refers to the total amount a company would be worth if it liquidated its assets and paid back all its liabilities.

Calculation as per below:
Book value = Total Asset - Total liabilities

Let me do the Book Value calculation for TA.
The calculation is based on the latest Q3 2017 report.

To get a clear picture, i will exclude intangible assets for this calculation.

Since TA is own 60.17% TAGB, i need to exclude Non Controlling Interest(please refer Balance Sheet)

Book value = Total Asset - intangible assets - total liabilities - Non Controlling Interest(NCI)
Book value = RM7,837,629,000 - RM326,517,000 - RM4,020,661,000 - 1,256,321,000
Book value = RM2,234,130,000

Book value per share = Book value divided by number of shares
= RM2,234,130,000 / 1,711,909,630
= RM1.30

Price to Book ratio (P/B) = Market Price per Share / Book value per Share
= 0.68 / RM1.30
= 0.52

As a general rule of thumb, share price is trading close to its book value per share, it is deemed to be fairly priced.

How about TA?
With RM0.68 closing price, it trading at a steep discount to thier book value and offer great bargains for investors.

Uploaded TA logo, to show fully support.

RM0.70 failed to achieve this week. Let wait for next week.

Apparently Datuk acquired this afternoon, expected will acquire again tomorrow

Target price RM0.70 tomorrow

RM0.675 is a support now. Let see whether can trade higher later.

2200 lots queue @ 0.675 will withdraw out later, you all no need worry.

1200 lots pending buy at 0.675, i just queue to scare some people first.

Above technical analysis from CIMB this morning.

Recognia has detected a "Double Moving Average Crossover" chart pattern formed on TA Enterprise Bhd (4898:MYX). This bullish signal indicates that the stock price may rise from the close of 0.675.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods. Moving averages (MA) are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. In the double crossover method, a bullish event is generated when a faster moving average crosses above a slower moving average (21-bar MA crosses 50-bar, or 50-bar MA crosses 200-bar). In this state, the price is likely in an established uptrend. The opposite is true when the faster slips below the slower moving average, triggering a bearish event.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

I still believe have a chance to break 0.70 this week, and a healthy price correction yesterday, of course need volumes to support it. Based on 12 months chart, it tested RM0.70 above but failed 2 times, people tends to sell around RM0.70 is understandable. For those who not intend to sell like me, will hold it. After that, expect the price go up to RM1 above based on PE ratio 8.

@free2invest, this is an extra bonus for TA...outlook is bright

I hope Lele got a chance to grab some shares during this price correction, wish to same boat with him too

@hopetobecorrect, the real reason only Tony Tiah know. If you ask me, if Tony Tiah keep on buy TA, will trigger MGO.

When the opportunity come, we should not afraid to buy more.

Follow Datuk buy...

@free2invest, good job:)

1. Bullish market sentiment - Benefit TA securities.
2. All the hotels refurbishment completed last year. - Increase hotels occupacy rate.
3. New added Trump International hotel in vancouver last year. - additional 1 more recurring income.
4. TA3 & TA4 is going to launch 2nd half of this year - Net increase will increase.
5. TA Securities Holdings Bhd is likely to be part of the next significant merger and acquisition (M&A) - the only standalone broker.
6. Low PE ratio & high dividend yield at current price.

Tell me why need to sell? Just because of trying to predict the share price will drop?
No one can predict the market, we just buy based on the facts.

Unless there have some very very..... good news is coming...

@Lele, can you share with me why TA can reverse from 0.665 to 0.69? Good news is coming?

I advise you buy back TA again...

@Ong Eng Lee, i saw it.
No worries, somone will take ur portion very soon.

Probably will become the next HengYuan soon. Not many people aware of this counter trading at low PE.

@free2invest, i believe you can make it soon. I also slowly accumulate, and wish too add more as well. To add more, need capital :(

Dudu 和 VenFx 在此贴出现，势必引来更加多人关注TA Enterprise.

PE still extremely low. RM0.70 might break tomorrow, let stay tuned.

U can queue to buy last time, but if u do the same time, hard to match.

Dudu, thank you for the research. It is interesting, i like it a lot.

Malaysia stock market have been lagging other countries many years. Everyone expects Malaysia market will catch up this year. Who are the winners? TA is one of them.

The journey to RM1.00 above is the process of working through each step to arrive at the next one. You will hear some people say the price will drop, better sell it now, switch to other stocks, etc. This things happen in everywhere, and we are unable to stop it. Profit taking is normal in the stock market. The person want to sell, just sell it. What i know is as long as the company is doing well & have good potential outlook, i will hold it.

Kenanga up 4.39%, what is that mean? Market sentiment is become better, we should not against the market.

Target break RM0.70 this week first.

Lousy stock, we need to follow the trends already. Good fundamental stock, why we need to against it?

We buy based on the facts, not because of the price suddenly surge and simply sell it. High can go higher.

After reading my explanation, do you feel want to buy or sell with current price?

Number of shares : 1,711,909,630

Net profit attributable to equity holders of the parent
Dec 2016 - RM112,845,000
Dec 2015 - RM 2,286,000
Jan 2015 - RM113,379,000
Jan 2014 - RM137,379,000
Jan 2013 - RM 82,329,000

Final dividend of x sen per ordinary share
Dec 2016 - 1.70
Dec 2015 - 0.40
Jan 2015 - 1.80
Jan 2014 - 2.80
Jan 2013 - 1.80

Let conservative again.
Let say TA net profit in Q4 is RM0. Full year profit will be RM232,961,000( equal to first 9 months). This is still the highest within 5 years. Assuming TA declare final dividend 2.80 per ordinary share (i use the highest within 5 years).

Total dividends payout 2017 as per below:
0.028 x 1,711,909,603 : RM47,933,469

Dividend per share = Total dividends paid out / Number of shares
Dividend per share = RM47,933,469 / 1,711,909,630 units
= RM0.028

TA closing price = RM0.65

Dividend Yield = Dividend per share / Price per share
Dividend Yield = RM0.028/RM0.65
= 4.3%

Dividend yield 4.3% is still attractive compared to fixed deposit. I hope everyone can understand and benefit from it with my simple explanation.

Market sentiment is getting better, it benefits TA a lot.

@Seek, i don't know whether this thing will happen, that why i wrote scenario 2.

What is asset impairments? Let make it simple again.

On Jan 1, 2013, i purchased a property in KL for RM500,000 for rental income. Its estimated useful life at that date was 20 years and I uses straight line depreciation method. On Dec 31, 2017, government embarked on a plan to build a plastic factory or burial ground near my near thereby decreasing the value of my property.

I estimated that i can sell the property for RM250,000 but it has to incur costs of RM5,000. Alternatively, i can continues to use it the present value of the net cash flows the property will help in generating is RM300,000

The basic rule is to recognize impairment if carrying amouts exceeds the recoverable amout.

First, we need to determine the carrying amount. Ther property has a cost of RM500,000, useful life of 20 years and is used for 5 years so far. This means that accumulated depreciation is RM500,000/20 x 5 years = RM125,000. Carrying amount is RM500,000 minus RM125,000, equal to RM375,000.

Second, we need to determine the recoverable amount. The recoverable amount is the fair value (amount for which the item could be sold) or value in use (cash flow generated), whichever is higher. Fair market value minus costs to sell in this scenario is RM250,000 minus RM5,000, equal to RM245,000. Value in use is the present value of future cash flows which amounts to RM300,000. Recoverable amounts is the higher of RM245,000 and RM300,000.

Carrying amount is RM375,000 while recoverable amount is RM300,000. An impairment loss of RM75,000 is to be recognized.

@free2invest, thanks for the compliments:) Just hope everyone can understandy easily.
I am holding nearly 500k units now. How about you?

Let make it simple,

TA dividend policy is 40% to 60% of net profit.

Net profit 2017
Q1= RM83,217,000
Q2= RM70,894,000
Q3= RM78,850,000
Q4= RM77,000,000 - This is based on first 9 months net profit average forecast.

Scenario 1,
Take conservative 40% of net profit RM309,961,000, TA will pay RM123,984,400 as a dividend to shareholder next year.

Dividend per share = Total dividends paid out / Number of shares
Dividend per share = RM123,984,400 / 1,711,909,630 units
= RM0.072

TA closing price = RM0.65

Dividend Yield = Dividend per share / Price per share
Dividend Yield = RM0.072/RM0.65
= 11%

How if i am wrong? Ok, never mind, let say TA Q4 net profit is RM0

Scenario 2,
Take conservative 40% of net profit RM232,961,000, TA will pay RM93,184,400 as a dividend to shareholder next year.

Dividend per share = Total dividends paid out / Number of shares
Dividend per share = RM93,184,400 / 1,711,909,630 units
= RM0.054

TA closing price = RM0.65

Dividend Yield = Dividend per share / Price per share
Dividend Yield = RM0.054/RM0.65
= 8.3%

It tell you that,
If you buy 10,000 units TA shares @ RM0.65 = RM6500 now, you will get dividend RM720 if company declare RM0.072 dividend per share, which translate to dividend yield of 11%
OR
If you buy 10,000 units TA shares @ RM0.65 = RM6500 now, you will get dividend RM540 if company declare RM0.054 dividend per share, which translate to dividend yield of 8.3%


Scenario 1
Earnings per share (EPS) = Net income / numbers of shares
= RM309,961,000 / 1,711,909,630 units.
= RM0.18

PE ratio = Price / EPS
= RM0.65 / RM0.18
= 3.61x
= That mean 3.61 years can get back my capital investment

Scenario 2
Earnings per share (EPS) = Net income / numbers of shares
= RM232,961,000 / 1,711,909,630 units.
= RM0.13

PE ratio = Price / EPS
= RM0.65 / RM0.13
= 5x
= That mean 5 years can get back my capital investment

If all above forecast come true, RM1.00 above is achievable within 5 months from now.

Scenario 1,
Target price: RM1.44
Still have 121% upside from current price RM0.65

RM1.44 is based on forward PE ratio = 8

Let say Ta share price is RM1.44, it still got dividend yield of 5%.

Dividend yield = Dividend per share / Price per share
Dividend yield = RM0.072 / RM1.44
= 5%

Scenario 2,
Target price: RM1.04
Still have 60% upside from current price RM0.65

RM1.04 is based on forward PE ratio = 8

Let say Ta share price is RM1.04, it still got dividend yield of 5%.

Dividend yield = Dividend per share / Price per share
Dividend yield = RM0.054 / RM1.04
= 5%

TA dividend policy is 40%-60% of thier net profit. If TA continue to deliver RM70million net profit in Q4 and stick to thier dividend policy, dividend yield is simply 10% above with current price.

18Dec, Lele said will drop to 0.59, however TA never drop to 0.59.

Still cheap

Luckypunting, i believe so. Target above RM1

Simply sell because the share price not increase like a rocket like Ong Eng Lee, u will become one of the 90% loser in stock market.

Luckypunting, please help some to support share to support the share. I accumulated ytd too.