Posted by craptree > 2014-09-28 18:27 | Report Abuse

s466466.... hard to believe... still dreaming

Posted by jelin > 2014-09-29 00:56 | Report Abuse

TALAM Transform Bhd has returned to the path of financial stability after a debt rationalisation exercise which includes asset divestment programme, debt conversion into financial instruments and settlement of debts through contra of properties with creditors.

The disposal of some 6000 acres of development land and investment properties over the past decade has raked in close to RM2bil that helps to pare down its massive debts and steers the property group to rosier times ahead.

Talam Transform, formerly known as Talam Corp Bhd, was once the largest affordable housing developer in Malaysia. It has built 200,000 such housing units worth more than RM30bil since the 1990s in Pandan Indah, Pandan Jaya, Pandan Perdana, Bukit Beruntung, Bukit Sentosa, Bukit Jalil, Ukay Perdana, Saujana Puchong, Saujana Damansara, Putra Perdana, Danau Putra and Lestari Puchong among other townships.

But by the mid-2000, Talam encountered a major financial debacle and saw its debts piled up to RM4bil in 2004.


According to Talam executive director Chua Kim Lan, Talam’s debacle was brought about by two economic circumstances – the Government’s move to repatriate foreign construction workers in 2005 and suspension of hill slope development in 2008.

“After those unexpected challenges, our weekly sales and turnover of RM25mil soon plummeted to RM5mil. The situation drastically affected cash flow and the servicing of bank interest and payments to contractors. That stalled a number of projects that resulted in 13,000 sold but uncompleted houses in 2005,” Chua explains.

Efforts to revive the affected delayed projects by bringing in reputable contractors in the last seven years have borne fruit and to-date all the houses have been completed and delivered to their buyers, she adds.

Meanwhile, a number of joint ventures between Talam and Selangor state agencies failed to materialise, and Talam entered into negotiations with Menteri Besar Selangor Inc (MBI) for a global settlement in respect of Talam’s indebtedness of RM391mil as of March 2010 to the MBI and the state agencies.

The global settlement required Talam to transfer and MBI to take over various pieces of land to a value of RM676mil in various locations such as Puncak Jalil, Ulu Yam, Bukit Beruntung, Danau Putra, Ukay Perdana and Bestari Jaya, as consideration for the global settlement.

The MBI settlement agreement was done in a transparent manner where MBI was treated on the same basis and footing like all other creditors.

The settlement land underwent a rigorous valuation process that was in strict compliance with the Securities Commission’s asset valuation guidelines and the securing of shareholder approvals.

Talam executive director, corporate affairs, Yaw Chun Soon says the debt rationalisation efforts are paying off, and despite headwinds and a softer property market, the efforts of unlocking the value of Talam’s landbank and assets has shored up Talam’s resilience and financial footing in the coming years.

By the second quarter ended July 31, 2014, Talam has substantially brought down its debts to RM1.2bil. Talam’s borrowings and loan stocks fell to RM254.475mil as at July 31, 2014, from RM435.53mil in financial year 2013 (FY13), while net current assets came to RM194mil against net current liabilities of RM220.11mil in FY13.

Talam posted a profit before tax of RM10.49mil for the period compared with a pre-tax loss of RM6mil in the second quarter of 2013. Group revenue rose to RM88.7mil from RM19.48mil previously.

For the financial year ended January 31, 2014, it posted after-tax gains of RM7.98mil, a significant turnaround compared with the preceding year’s losses of RM20mil. Group revenue of RM216.72mil was an increase of 1.92%, compared with RM212.64mil in FY13.

Yaw says the completion of the other incoming asset sales will further reduce Talam’s total debt level to around RM300mil, and in the near future the borrowings will come down to less than RM50mil.

“With this stronger financial footing, Talam will be able to undertake more value added and quality lifestyle projects. Moving forward, Talam is embarking on a build and sell concept for a few of its projects.

“We are exploring ways of rationalising Talam’s structure and operations to enhance its efficiency and effectiveness of building and delivering quality property projects,” he adds.

Among others are that the group will be managed by professional executive directors Chua Kim Lan and Yaw Chun Soon. Yaw was formerly with TA Enterprise Bhd and joined Talam on July 24 this year. They will be assisted by the executive committee where the members comprise professional staff.

While Tan Sri Chan Ah Chye will become the controlling shareholder, he has indicated he will continue as a non-executive director only, and through the company’s board, will guide and nurture the new leadership of the group by providing advice and strategic input to the property group.

Talam has development plans worth a gross dev

Posted by noorgreen > 2014-09-29 00:59 | Report Abuse

I'll buy and keep for a year.

Posted by alvinchiam > 2014-09-29 08:39 | Report Abuse

Buy keep...

Posted by s466466 > 2014-09-29 09:03 | Report Abuse

craptree, if u dun knw wat is investment, pls keep quiet!!!!!!!

Posted by steward > 2014-09-29 12:22 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/60656.jsp

Posted by SparroKing > 2014-09-29 18:39 | Report Abuse

Believe this stock is cheap but need lost of patience , imo at least six months. not for short termers or traders lol

Posted by WY Chan > 2014-09-29 21:13 | Report Abuse

This is very long term with property cool down

Posted by s466466 > 2014-09-30 09:19 | Report Abuse

Talam Transform (formerly Talam Corp), which was once debt-ridden when under the control of its founder tycoon Tan Sri Chan Ah Chye, has pleaded to be given another chance, saying it has transformed and is on a much stronger footing now. The property firm has crafted a RM5bn, 10-year development plan at a time when Chan, now a director at Talam Transform, re-emerged as a substantial shareholder on Jul 24 this year. Chan now holds an 8.68% stake in the company and is proposing to buy an additional 19.9% stake from Kumpulan Europlus for RM92.4m or 11 sen per share. "Give us a chance, We had never run away [from our commitment to homebuyers]. We have learnt from our past mistakes which saw us over-gearing ourselves to expand our land bank and trying hard at impressing people that we don't even know," Talam executive director Chua Kim Lan said. (Financial Daily)

Posted by jelin > 2014-09-30 09:56 | Report Abuse

Talam to manage big development..

Posted by craptree > 2014-09-30 10:22 | Report Abuse

s466466 craptree, if u dun knw wat is investment, pls keep quiet!!!!!!!
29/09/2014 09:03

Wa tau.... investment is to make $$$$.... invest to have better return than bank or EPF.... if same... what is the use of taking the risk....

If CAC would let go TT.... then all will be sui sui....

Posted by craptree > 2014-09-30 13:48 | Report Abuse

tilam lama... jual tilam lama.....

Posted by s466466 > 2014-09-30 14:58 | Report Abuse

pergi jual semua u punya talam lepas itu pergi tempat lain................

Posted by s466466 > 2014-09-30 14:59 | Report Abuse

beli 20,000 shares takut semua orang tak tahu.......... bising betul........

Posted by s466466 > 2014-09-30 15:04 | Report Abuse

kalau tak boleh terima turun naik pergi simpan FD............

Posted by steward > 2014-09-30 15:19 | Report Abuse

Tilam lama tukar tilam baru.........pit pit........

Posted by Mark See > 2014-09-30 16:11 | Report Abuse

This week .20

Posted by alvinchiam > 2014-09-30 16:25 | Report Abuse

My Dear... good news keep an eye at Talamt... ha ha.. u know...?

Posted by alvinchiam > 2014-09-30 16:27 | Report Abuse

I love...Talamt.... Talamt love me..... 哈哈… !

Posted by SumuaOK > 2014-09-30 16:40 | Report Abuse

Remisier from TA ask me to buy Talam and simpan for 6months. Sure happy happy go to bank.

Posted by s466466 > 2014-09-30 17:24 | Report Abuse

my remisier also ask me buy more.........

Posted by Storm000 > 2014-09-30 17:39 | Report Abuse

talamt best

Posted by ckgoh3 > 2014-09-30 18:46 | Report Abuse

my remiser asked me not to sell now, something will happen in these few days..

Posted by SumuaOK > 2014-09-30 19:44 | Report Abuse

My friend say Talam is for keep keep and not for play play oh

Posted by s466466 > 2014-09-30 22:20 | Report Abuse

buy ,......................

Posted by profithunter > 2014-09-30 23:44 | Report Abuse

hope it will go to 0.20

Posted by aBrokenHeart > 2014-10-01 06:02 | Report Abuse

It will be at least rm1 in next 3-4 quarters. If all debts are repaid. TalamT will be a star. They have a very healthy bank. Land Bank and its located in Klang Valley and Selangor area. Keep buying as much and keepit in safe. The time will come. Believe..

Posted by craptree > 2014-10-01 08:29 | Report Abuse

some hope.... but snail pace...

Posted by VivianWendy > 2014-10-01 08:35 | Report Abuse

can tell me talamt have a what news will announced.

Posted by s466466 > 2014-10-01 09:03 | Report Abuse

just started................

Posted by VivianWendy > 2014-10-01 09:08 | Report Abuse

i already buy in yesterday.

Posted by s466466 > 2014-10-01 09:20 | Report Abuse

vivianwendy, buy more n keep it...... pls dun bought in 20,000 shares then bising 2 at here...

Posted by s466466 > 2014-10-01 09:21 | Report Abuse

i join talamt more than 3 years ........... holding more than 1mil shares......... still keep it.

Posted by s466466 > 2014-10-01 09:22 | Report Abuse

return should be more than 100%...........

Posted by IYHENG > 2014-10-01 10:01 | Report Abuse

i also holding more than 3yrs 1k lots, ave rm0.1, still waiting for 100% return.

Posted by craptree > 2014-10-01 10:41 | Report Abuse

so.... 3 years n still holding..... just like fd rate

Posted by VivianWendy > 2014-10-01 10:47 | Report Abuse

s466466.thank you

Posted by VivianWendy > 2014-10-01 13:57 | Report Abuse

s466466,will you TROP 5401 studies do?how to see the present situation.tq

Posted by s466466 > 2014-10-01 14:15 | Report Abuse

PLS FIND OR US WHICH BANK PROVIDE FD RETURN 3YRS 100%...........

Posted by Ring > 2014-10-01 15:36 | Report Abuse

If history were to repeat itself, the FBM KLCI could breach the immediate resistance of 1855 points.....pre budget rally expected n if corporate tax reduced by 1% then shall be d best news for Bursa foreign funds may surge becoz they can higher dividend n foreign investment also will increase.
01/10/2014 15:21

Posted by craptree > 2014-10-01 17:06 | Report Abuse

S466466... don't bull here... look at the below humble statement.... return only 1.5% after 3 years.... Not statement by me.... in FD.... 3% x 3 yrs = 9%....

IYHENG i also holding more than 3yrs 1k lots, ave rm0.1, still waiting for 100% return.
01/10/2014 10:01

Posted by s466466 > 2014-10-02 09:28 | Report Abuse

craptree, very sad y u didn't study well at school when u young!! SAD......... talamt history price 0.05 nw 0.12...if u dun knw calculate go back to school ask yr teacher 1+1 =??

Posted by s466466 > 2014-10-02 09:29 | Report Abuse

some more u better dun buy share, buy unit trust better!!!!!! cause 1 day sure u scolding by the unit trust agent!!!!!!!!!!!! haha

Posted by s466466 > 2014-10-02 09:40 | Report Abuse

if u so hapi wif FD return go FD, Talamt no need small small *1000000000 investor such as u...........
buy 20,000 share bising *1000000000000000000000 kali..........

Posted by s466466 > 2014-10-02 09:43 | Report Abuse

craptree, ur rm 2k better put at FD o buy UT ok???????? later ur heart can not tahan then ..... sad............

Posted by crawler > 2014-10-02 11:08 | Report Abuse

anyone interested to watch the resurrection of talam? :)

Posted by elle > 2014-10-02 11:43 | Report Abuse

we are watching and waiting....

Posted by Jien Han > 2014-10-02 11:46 | Report Abuse

anyone knows how's the prospects of the so called up coming projects?

Posted by iWarrants > 2014-10-02 15:18 | Report Abuse

haha was that you crawler with 2400lots? some resurrection

Posted by smallvestor > 2014-10-02 15:23 | Report Abuse

Just curious to find out why Keuro's sale to CAC has been postponed.