@kyy, Tambun at Simpang Ampat is already a mature township. What do u think of the competition from Paramount and Ecoworld that aggressively launching projects near to Batu Kawan ind Park. Pls share as I m not a Penangite. Thks
The balance sheet is supported by real estate. Tambun bought those real estate cheap at around 13-17psf.
These are land. They are tangible.
Unlike other types of inventories, land will not become obsolete, depreciate, disappear and etc. If anything, land value will continue to rise. One should at least analyze this company based on this perspective.
Tambun has a lot of land value to unlock. As mentioned by @Shubok, they haven't fully developed the land near Batu Kawan Industrial Park. The few property stock to own since most of them are rubbish except this one
Short term traders will probably unload on break-out but there is no reason Tambun should be trading below RM1.00. I have only found 1 similar property company with actual investment opportunities. Tambun is the very few property stocks that investors should pay attention to.
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....