What I predicted is correct, today never hit 1.00 again. Will start consolidate between 0.95 to 0.90, good time to buy back n sell again at 1.00 to 1.05
today sure wont up lar ... you see the rest already know ... iskandar counters tebrau uemland, daiman all die ... penang counters e&o and ivory also die ... lbs suspended ... glomac and yttland also sleeping ... entire properties not in play today
Can.. Definitely can still go in, but i suggest dont chase, jus grab it during weakness. It will hit 1.50-2 by end of the year after valuation. Tambun is selling alot of land in seberang perai. Property investors are buying pieces of land from them.
Tambun Indah: In talks to buy land in Seberang Perai. Tambun Indah Land is in talks with three landowners to acquire more land in Seberang Perai for development and is confident of concluding the deals by the end of this year, said its founder and MD Teh Kiak Seng. He declined to reveal the exact size of the land, saying only that the group is looking for township land. Teh sees no problem for the group to finance the acquisitions of land as it is currently sitting in a net cash position of about RM100m. (SunBiz)
Tambun Indah Land Bhd’s pre-tax profit increased 32.1 percent to RM23.98 million for the first quarter ended March 31, 2013, from RM18.15 million in the same period last year.
Revenue rose 18.7 percent to RM78.32 million from RM65.99 million previously.
In a statement, the property developer attributed the better performance to strong sales and higher revenue recognition from ongoing projects, whereby its township development, Pearl City in Seberang Prai, contributed 66 percent to its topline.
Managing Director Teh Kiak Seng said the group’s continued success came from the strategic locations of its developments.
On prospects, he said Tambun Indah is poised for continued growth ahead driven by Penang’s booming property market.
“In the remaining nine months of the year, we will launch projects with a gross development value (GDV) of RM256.6 million in Penang, allowing us to tap into the property market there.
“We will also launch more projects, with an estimated GDV of RM1.9 billion at Pearl City, between 2014 and 2020,” he added.
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martiniclub7
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Posted by martiniclub7 > 2013-04-09 10:10 | Report Abuse
tambunwa is 1:1 with tambun.. CRAP!! missed the boat in selling at 49sen this morning! Planned to sell and grab back again. This stock is too dam good