With the recent downgrade of property sector plus the recent new ruling implemented by Bank Negara on loan, it is going to hang around like that for a while. Don't expect too much.
Property stock currently facing some consolidation. Tambun volatile days are over. Ppl who invest in this stock should only think of cashing out towards end of the yr which we wil see its volatility again after they acquire more land.. they already sold most of their land already.
The 2nd and 3rd Qtr results should be good, what I concern is after that ! Anyway as long as they can maintain the growth and keep giving out the dividend as they promised (40-60% of the profit). I am more than happy to keep it for long term.
Most profitable penang based developer by far and the biggest by market cap. Consistent earnings record . However the extra shares to be issued for the nadayu exercise which amounting to 20 percent of share cap is not fully paid up yet
Yeah... hope Tambun come out with good result quarter report, I visit their project in Penang, nice... I bought some when 80cents, somre 95cents, some 1.10 and some 1.30... hahaha...
Manage to sell wa at 0.86. Made 10%. Will start collecting again. Nobody have any idea when quarterly results out? Technically will drop for few days before Stabilizing then will shoot again
"Between mid-July and mid-August I think the markets are vulnerable to the first meaningful pullback of the year, " says Jeff Saut, chief investment strategist at Raymond James.
PLACEMENT OF 15,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TAMBUN INDAH LAND BERHAD (“TAMBUN"), REPRESENTING NOT MORE THAN 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TAMBUN
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逍遥子
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Posted by 逍遥子 > 2013-07-04 17:49 | Report Abuse
The 3.8 cents is for FY 2011.
For FY 2012, 2 cents already given on Jan and there will be another 3.3 cents pending the announcement of the Ex date and payment date.
So for FY 2012 the total dividend will be 5.3 cents.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1204101