Maturity of borrowings: Within one year 964,973,000
S$179,400,000 with a scheduled principal repayment of S$1,700,000 at the end of each 3 months commencing from 30 November 2009, will mature on 30 November 2014.
Does anyone have any idea about this counter? Personally I think this counter is worth a shot for long-term investment as this company owns a lot of lands at prime locations at the heart of KL. Do you think the land bank could actually be translated into revenue in the near future?
Totally agree. The longer they keep the lands in KL, the higher the price of the units they could sell once they have developed the lands. And the EPS and ROE of the counter is on an uptrend, coupled with the increasing NAPS over the years, I think this is a counter with durable competitive advantage. The company not only has a lot of lands at prime locations in KL, it also has a prominent presence in the sector of hospitality worldwide. Hope the hospitality business could provide the company with continued revenue despite the headwind in the sector of Malaysian property now.
Quality recurring income is very important for company especially during economy uncertainty...Hotel in Australia, Kushan, Canada, Singapore & Phuket, all provided recurring income to TA Global...Don't forget Menara TA, can collect rental office from tenants as well...TA Global still is a young company need to grow....
Rubbish counter. BOD doesn't know what the coy wants to do. Developer? Property Investment? Hotel? Money lending? Even qtrly reporting is confusing. Investment holding make forex losses bcos of borrowings in S$. How can this happen if these reborrowings are for S$ investment.Then if forex loss in borrowings, there should be forex gain in investment holdings lah.
After TA Enterprise, Datuk Tiah now starts accumulating TAGB. By the way, the company has started developing the 2 plots of prime land right opposite KLCC
...be prepared to keep in safe box. if you want fast and furious you will disappointed with it. but if you appreciate it as investing for long term, then you will be have a good night sleep....Zzzzzz....
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....
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Posted by Share It > 2014-09-29 12:38 | Report Abuse
hope u're right......