Joo Kim, CEO says: "I do not think we're ready to go for a REIT yet. We need to first do a better job of managing our assets. Not all our hotels are doing really well yet. We have to make sure we have a solid portfolio - it's not up to my expectation yet - before we go for a REIT and take people's money to expand further. "
Lele That announcement was about 6 months ago. Since then the renovations for the hotels is complete. Raddisson Blu sydney the renovation cost was A$13M (about RM$40M). How much TAGB spent on all the hotels I don't know but it is quite a lot. Going forward with ringgit down so much against all the countries where the hotels are located, there could be a big jump in revenue in the coming months. With the development next to KLCC (TA3 & TA4) getting closer to launch, TAGB will need to raise funds as this project is a big one. So I am counting on REIT for that purpose. I wonder what the management has in mind.
This is one counter which is defensive, even if I say it, no one seems to believe. I traded it at a high price but I guess (just to console myself), it is ok if the amount is small. It is now at 45 sen. It has been bad due to poor financial performance last year mainly from weak Ringgit, weak stock market, hotels have been closed for renovation and what many did not really notice is pure accounting reasons. End of this year, it is changing even if our Ringgit is weakening further.
I am not putting very detail information here but for TA, does enough people know it is the other way round? It owns many assets overseas (and debt as well which are naturally hedged) and if RM drops it is in fact better for TA and TA Global especially. It is a naturally hedged stock against poor RM sentiment. Just that accounting wise, it will not show and in fact it will show bad numbers with accounting losses. How? Accounting playing mind tricks again, as it is forced to declare accounting losses for its foreign currency denominated loans while nothing is done for its assets held overseas.
Since Trump won the election, Tony Tiah has been buying almost daily and there does not seem to be anything fishy from his purchase - just pure fundamentals as TA also owns some stocks and bonds in US as well. I do not treat TA as a long term 10 years hold as it is not as dynamic as some of the companies out there but it is certainly very sweet in terms of being defensive and great value.
Tony tiah is another conman. I think he got ta,tagb and own private company. for money making project, he used his own company to invest. for those higher risk project, he used ta or tagb to invest.
Let's say for Damansara Avenue project, TAGB makes RM100M profit. Let's say project takes 3 years. Therefore average 1 year profit from DA = RM33.33M. Last qtr alone TAGB easily lost RM30M in investment dealings. So make profit in property also not enough to cover loss in securities gambling!!!!kakakaka..Incidentally, those that says that forex translation of TAGB's assets not taken into account, I somehow doubt this is correct. I think forex gain was reflected in the accounts as disclosed in the notes on fixed assets and inv properties with the corresponding gain probably reflected in the statement of comprehensive income.
I suppose Singh is correct. REITs would be able to monetise TAGB's assets to clear of those loans with some left for small shareholders like us. Hopefully, TT listen to him.
TAGB was sitting at 22 sen for too long and at very very low price. Good to see Tony show support. He knows better than anyone what the true value should be. In 2017 I believe the price can go to between 40 to 50 sen.
Under Securities Commission regulations, any party whose interest pushes past 33% of a listed firm’s total share base must make a mandatory general offer for the rest of the shares it does not own.
According to TAGB Annual Report for the Financial Period Ended 31st Dec 2015 : -
TA 3 & 4 is a 2.47 acres of prime land situated on the apron of the Kuala Lumpur City Centre ( KLCC ) footprint along Jalan P. Ramlee. Excavation, piling and basement works commenced on 10 March 2015 and are expected to be completed in the first half of 2017. The two 50-storey towers and a 5-storey podium will house a 5-star full service hotel and apartments, retail shop lots, exquisite Food & Beverage (F&B) outlets and innovative residential components that offer the best of luxury living in an urban environment. The property will be a showcase of TAG's strength in creating lifestyle properties that are much sought after by the jet set community. With experience gained from the Group’s famous developments in Vancouver and Sydney, the Group strives to set standards for unparalleled quality of construction for TA 3 & 4. The Group hopes to achieve the green certification for this project by incorporating energy efficient and environmentally friendly building practices.
Look at the NTA !! 52 sen !! If your house is worth $520K , would you sell for $245K ?? or if someone wants to sell to you would you buy? TAGB and TA are selling for way too cheap. Value investing is to buy cheap and hold until price do catch up. Have to be patient, as TAGB is still young (only 7 years old, baru masuk darjah satu). When it start to show better profits the price will start to move up. Hopefully sooner than later. TRump effect who knows good or bad? That aside after refurbishing their hotels and also with new developments coming, I see hope.
Pursuant to Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that TA Development One (Canada) Ltd and TA West Georgia Developments Ltd, subsidiaries of the Company have amalgamated to continue as one new company under Section 274 of the Business Corporations Act of British Columbia on 1 January 2017.
The name of the new company will also be called “TA West Georgia Developments Ltd” (hereinafter referred to as “the new TA West Georgia”). The principal activity of the new TA West Georgia is investment holding.
The shareholder of the new TA West Georgia is TA Canada Holdings Ltd, a subsidiary of the Company. The current issued and paid-up capital of the new TA West Georgia is C$100.00 divided into one hundred (100) common share of C$1.00 each issued to TA Canada Holdings Ltd.
a ) In TA ~ Datuk Tiah Thee Kian ( 31.778% ) ~ Datin Tan Kuay Fong ( 0.3094% )
b ) In TAGB ~ TA Enterprise Berhad ( 60.1748% ) ~ Datuk Tiah Thee Kian ( Direct 7.441% / Indirect 19.1223% ) ~ Mr. Tiah Joo Kim ( 5.003% ) ~ Datin Tan Kuay Fong ( Direct 0.1269% / Indirect 0.1861%)
Lele Maybe he give his son a reward, also if he continue to buy TA & Tagb his holding might trigger a mgo. Give his son some shares clear some room for him to continue to buy tagb. Just my opinion.
Just like Trump + Ivanka, Tony + Son will make TAGB its empire. Very little free float shares. Grossly undervalued. Next Q results should be fantastic. IF Trump were to build a Trump Tower in Msia, TAGB should get it.
Q4 result for year 2016 will coming out next month. TA 3 & 4 is a 2.47 acres of prime land situated on the apron of the Kuala Lumpur City Centre ( KLCC ) footprint along Jalan P. Ramlee. Excavation, piling and basement works commenced on 10 March 2015 and are expected to be completed in the first half of 2017. If all goes well, in the middle of this year the actual name of the hotel will be known.
Trump will be the next 45th President of the United States of America after swearing in on 20th January 2017, next Friday. What could be more significant than have the President of USA as your Client..!!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
christophertopher
614 posts
Posted by christophertopher > 2016-12-14 12:25 | Report Abuse
之前与他有合作愉快过的公司就好,
相反的,之前与他作对的就得小心咯。