Posted by singh1 > 2017-01-13 19:06 | Report Abuse

Wonderful research and comments. Thank you sifu.

Posted by enid888 > 2017-01-13 20:46 | Report Abuse

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.

Posted by enid888 > 2017-01-13 20:58 | Report Abuse

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

Posted by Fabien Extraordinaire > 2017-01-13 21:37 | Report Abuse

TA owns substantial amount of assets overseas and with the weakening of RM (though they have debts in USD) are actually better for TA and TAGB and these appreciations in value are not reflected in the books.

Posted by Fabien Extraordinaire > 2017-01-13 21:41 | Report Abuse

And even at this price, TA is trading at P/BV of 0.39 and that's not even taking into account of their assets realisable value (huge capital gain).

Posted by enid888 > 2017-01-14 21:30 | Report Abuse

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.

Posted by Fabien Extraordinaire > 2017-01-15 11:36 | Report Abuse

It's merely the disparity arising from accounting treatments, TA and TAGB are required to recognise the losses from their foreign currency denominated loans whereas nothing is required to be done on the assets.

Posted by singh1 > 2017-01-15 22:58 | Report Abuse

Bang on right. Low profits are declared or in some quarters there are losses. But internally the company continues to grow. Most investors dont know, sell down the counter to peanuts in value.
I notice management try to give good hints, like in mid 2016 Datin Alicia gave a press statement declaring that trump vancouver sales will largely be shown on financial ending 2016 report (quarterly report announcement at end Feb 2017), but investors are not showing much interest, thus the low price.
It is typical of most investors to chase a counter after the price already move up a lot, with high volume. By then too it is already too late.

Posted by BabyTA > 2017-01-16 01:25 | Report Abuse

Hi sifus, if i were to go in, should i go TA or TAGB, since both are related.

Please enlight me thanks.

Posted by singh1 > 2017-01-23 09:22 | Report Abuse

Why not take some of both. Reason being in case TA decide to sell stock broking business, u can expect to receive something (whatever they hand out, cash and tagb shares maybe). On the other hand if they list a hospitality reit again you can get something through TAGB shares.

Posted by singh1 > 2017-01-23 09:24 | Report Abuse

Just sharing my opinion, I am not a sifu.

Posted by RVI123 > 2017-02-06 17:10 | Report Abuse

Volume increases again.

Posted by singh1 > 2017-02-06 21:34 | Report Abuse

Yes, hope to see it rise further as we get closer to quarterly report.

Posted by enid888 > 2017-02-07 00:26 | Report Abuse

Property counters are increasingly active and moving up in price.

Posted by starhock > 2017-02-15 15:05 | Report Abuse

buy

Posted by enid888 > 2017-02-15 15:35 | Report Abuse

Inching up slowly. Undervalued counter.

Posted by Professor_Trump > 2017-02-15 21:27 | Report Abuse

Donald Trump and Professor Trump??
Professor is keen to carry out research & development studies on TA and TAGB!!
Heheheh

Posted by enid888 > 2017-02-17 13:11 | Report Abuse

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.

Posted by enid888 > 2017-02-17 16:53 | Report Abuse

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.

Posted by Professor_Trump > 2017-02-17 20:35 | Report Abuse

Professor has completed R&D on TA!
Professor would like to officially issue a BUY Call on TA! Buy on any weakness!
With TP at 0.57/0.59 in 3 months from now! (10% and 14% ROI respectively from the current price at 0.515)

Posted by singh1 > 2017-02-18 22:37 | Report Abuse

IMO the price could reach 0.58 by March 03, 2017.

Posted by singh1 > 2017-02-18 22:39 | Report Abuse

TP for TAGB 35 Sen by same date.

Posted by singh1 > 2017-02-18 22:42 | Report Abuse

TP for early June , TAGB 45 Sen TA 80 sen.

Posted by thesteward > 2017-02-19 00:13 | Report Abuse

:-)

Posted by enid888 > 2017-02-19 00:17 | Report Abuse

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

Posted by Fabien Extraordinaire > 2017-02-20 21:30 | Report Abuse

No brainer. TA is a perfect stock for assets play. So undervalued....so much value to be unlock!

Posted by singh1 > 2017-02-21 01:36 | Report Abuse

Maybe there is some news coming we were not even expecting. Found this on a routine check on what's going on. Have to say I am very surprised !! Sharing is caring and to my friends here, enjoy this.
http://www.smh.com.au/business/property/ta-global-to-sell-little-bay-cove-site-worth-over-280m-20170219-gug7xn.html

Posted by prudentinvestor > 2017-02-21 23:07 | Report Abuse

Hopefully, uptrend again after two and a half years of downtrend.

Posted by enid888 > 2017-02-22 01:24 | Report Abuse

Singh 1, thks for your link for the proposed Little Bay Cove land sales. This is a positive news to both TA and TAGB. The proposed land sales will help TA n TAGB to realise its profit immediately.

Based on the 2015 Annual Report, the land is carried in the book at RM417.1mil. (After minus out the land used for Illume (Phase 2) development.

If the land can be sold at A$280mil (RM961.2mil), the profit from this disposal will be RM544.1mil. The profit is about 130% from the amount stated in the accounts.

Like what I said earlier, almost all the properties of TA n TAGB are situated in very prime locations. Its Little Bay Cove land is one the last few suburb development land remaining in southeastern side of Sydney. We had also seen that the NTA (net tangible assets) of TA n TAGB are highly underestimated with the 130% profit just to sell the land. Some of its properties like KLCC land, hotels in Sydney, Melbourne, Singapore and China have the actual present market values more than 3 times the net book values in the accounts.

Posted by enid888 > 2017-02-22 09:34 | Report Abuse

Singh 1, the positive side of the possible sale are profit can be realised immediatelyand the debt gearing can be brought down to make the counter more attractive. TAGB has many properties and selling one or two pieces to make the balance sheet more attractive may be a good move.

Posted by prudentinvestor > 2017-02-27 22:36 | Report Abuse

Best quarterly results in years. Investors are likely to be rewarded with at least a 2.5 sen final dividend.

Posted by thesteward > 2017-02-27 23:08 | Report Abuse

nice

Posted by prudentinvestor > 2017-02-27 23:27 | Report Abuse

I expect at least a 10% spike in TA's share price tomorrow.

Posted by enid888 > 2017-02-28 23:16 | Report Abuse

With the completion of Vancouver project and planned sales of Little Bay Cove land, Tiah junior may concentrate on developing its Malaysian landbank and managing the 7 hotels TAGB owned worldwide. The Damansara Avenue project, KLCC land, Bukit Bintang land and Dutamas project will require his leadership to uplock their values. The 7 hotels also need his supervision to increase their yields as mentioned by Tiah junior in an interview last year.

I put a lot of faith in both TA n TAGB.

Posted by RVI123 > 2017-03-02 17:35 | Report Abuse

Increase a bit everyday. Undervalued counter to realise its true value.

Posted by singh1 > 2017-03-02 19:13 | Report Abuse

Sweet !!

Posted by Professor_Trump > 2017-03-02 21:31 | Report Abuse

Professor would like to congratulate for those who have followed on earlier professor's buy call,,,
10% profit with TP 0.57 is achieved today, cheers!
And professor is confident on the next TP 0.59 with 14% profit is able to be materialize,, stay tune!

Posted by enid888 > 2017-03-02 22:31 | Report Abuse

It is good to inch up slowly. There will be fewer contra players and the price will be more sustainable.

Posted by super888 > 2017-03-05 13:23 | Report Abuse

TP 1.20.

Posted by RVI123 > 2017-03-05 19:56 | Report Abuse

A well received n successful project in international level. However, the local investors had valued TAGB as "stone" when it is actually "gold". The price is dirt cheap n extremely undervalued. The price had dropped from RM0.48 during IPO to RM0.34 now.

Posted by Professor_Trump > 2017-03-06 15:02 | Report Abuse

Congratulations everyone,,,
Testing 0.59 by approaching the TP from professor,,,
14% ROI is waiting, Heheheh

Posted by prudentinvestor > 2017-03-06 15:10 | Report Abuse

Early signs of a bull market.

Posted by Professor_Trump > 2017-03-06 15:15 | Report Abuse

Retest 0.59

Posted by super888 > 2017-03-06 15:28 | Report Abuse

Professor Trump what is u TP for this counter ? $$$$$$$$$$

Posted by prudentinvestor > 2017-03-06 16:17 | Report Abuse

What I am certain is TA would scale above the 60 sen barrier within a day or two.

Posted by Professor_Trump > 2017-03-06 17:06 | Report Abuse

Brilliant!!
TP achieved at 0.57/0.59 with 10% and 14% ROI respectively!

Posted by Professor_Trump > 2017-03-06 17:07 | Report Abuse

super888,,,
Next TP 0.63/0.635
Good luck

Posted by lowandrew118 > 2017-03-06 17:27 | Report Abuse

I'm still holding 400 lots (400,000) TA shares at 0,475. Don't feel like TP at 0.63. Most Malaysians have extremely low holding powers. You guys should wait until 1.00 or higher. Unable to hold stocks for longer term with temptation of "in and out" is the main factor of losing money in the stock market.

Posted by singh1 > 2017-03-06 21:19 | Report Abuse

Net assets per share is $1.40
Selling now is like selling your home valued at $1,400,000 for $590,000
Just another way of looking at it.

Posted by enid888 > 2017-03-07 17:43 | Report Abuse

We can only find this kind of cheap sales in Bursa Malaysia. We can not find this mispricing in other part of the world. Malaysian investors are not sophiscated enough and they see this piece of gold as stone.