TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.17

Today's Change

-0.02 (1.68%)

Day's Change

1.16 - 1.19

Trading Volume

4,004,500


9 people like this.

11,004 comment(s). Last comment by DreamGuardian 4 weeks ago

Posted by nsyee28282828 > 2015-04-10 10:14 | Report Abuse

very positive today jump start!
so rumours maybe true..haha

Yunnan

405 posts

Posted by Yunnan > 2015-04-10 10:51 | Report Abuse

Potential privatisation since Danny Tan is holding more than 70%.

Posted by Bryan Yuan > 2015-04-10 12:28 | Report Abuse

CHEER!

ysfong

232 posts

Posted by ysfong > 2015-04-10 13:39 | Report Abuse

Thanks for sharing. Good analysis. Cheers

bryan_su

645 posts

Posted by bryan_su > 2015-04-10 14:53 | Report Abuse

can't break kenanxx TP la...

speakup

27,076 posts

Posted by speakup > 2015-04-10 15:13 | Report Abuse

lai liao! lai liao!

superman11

356 posts

Posted by superman11 > 2015-04-10 15:15 | Report Abuse

huat ah

bryan_su

645 posts

Posted by bryan_su > 2015-04-10 15:16 | Report Abuse

TP 1.15 by kenaxxxx

fong7

648 posts

Posted by fong7 > 2015-04-10 15:18 | Report Abuse

TP? NTA (not RNAV) is 2.14. Well yes, it has quite a lot of debt though.

fong7

648 posts

Posted by fong7 > 2015-04-10 15:20 | Report Abuse

but it also has quite a lot of assets. I think TP of 2.00 is quite reasonable? RNAV is 3.89 btw.

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 16:06 | Report Abuse

amoi...manyak cantik.

Posted by bonescythe > 2015-04-10 16:10 | Report Abuse

:D

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 16:12 | Report Abuse

target price is 1.25 next week.
buyyyyyyyyyyyyyyyy now.

Investeye

2,347 posts

Posted by Investeye > 2015-04-10 16:14 | Report Abuse

Disposed some at RM1.15 to lock in the profit and reduce the risk due to market uncertainty.

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 16:15 | Report Abuse

any sifu can teach me ah?? like TROP now RSI > 70% but my tp is a lot higher. What should do?? Ignore TA??

GreenTrade

651 posts

Posted by GreenTrade > 2015-04-10 16:15 | Report Abuse

Nice nice nice.
Hehehe

brendan

13 posts

Posted by brendan > 2015-04-10 16:19 | Report Abuse

very nice. going up still.

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 16:24 | Report Abuse

ignore TA . Somebody "RICH" behind pushing up the share. We are retailer, small player only.
The music has just started. The night is still early.

Posted by inikalilah888 > 2015-04-10 16:25 | Report Abuse

ham yu fan sang, 1.20 confirm no prob

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 16:27 | Report Abuse

wahh.................
volume near 10 million today.
super hot... record today.
GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

brendan

13 posts

Posted by brendan > 2015-04-10 16:29 | Report Abuse

you are right jolie

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 16:38 | Report Abuse

today will close at 118. everyday huat
next week close at 128. easy huat
next-next week close at 138. Lively huat.
Then after that die huatly... 148

Posted by bonescythe > 2015-04-10 16:56 | Report Abuse

all of a sudden.. all perspective change overnite?

luckyman

721 posts

Posted by luckyman > 2015-04-10 17:48 | Report Abuse

Bonescythe, a big thank you for your great report today that has given a big boost to this counter. Cheers and have a nice weekend.

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 17:59 | Report Abuse

Fundamental is always rule no 1. All those negative perspective ( gearing, property slow down , long down trend ) has cause shareholders to out sell 1 another. All this fears has clouded the fundamental to most ppl.

1 equally ignore ctn i would like to highlight is SYMLife which share similar faith. At current price range ( 0.8 ~~ 0.815 ) its surely a BUY.
Interested investors can monitor/studies and welcome to give any comments.

Advice : not too big lot ( 10-30 lots ) depends on budget
Con : it might take longer period to reap gain

Cheers!!

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 18:13 | Report Abuse

the celaka kenanga analyst who write poorly on tropicana cannot pakai one.
talk nonsense only. Don';t know about fundamental. Cincai write. Sack him better.

Posted by nsyee28282828 > 2015-04-10 18:26 | Report Abuse

Then we rather trust Affin and RHB one ...agree?

Posted by nsyee28282828 > 2015-04-10 18:29 | Report Abuse

But most probably they will do it when Q1 results available....Someone can request to do a update now?? since big payment received from EcoW already, gearing should be better now..

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 18:39 | Report Abuse

welcome on board and stay invested. As mention earlier TROP intrinsic value is much more higher than ESOS price. My concern now is it boil up a bit fast ( TA side ) and fellow members must able to withstand minor correction be4 it scale higher.

Today, many is still in the state of disbelieve has sold bet 1.12-1.14. Understand that many had stuck for long time. Next hurdle 1.25 and 1.36.

jolie2

2,039 posts

Posted by jolie2 > 2015-04-10 18:47 | Report Abuse

this is fundamental strong share . Last time epf bought 2.2 % share (18 millions shares) at 1.78 and they still holding it as epf normally invested in long-term.

The current price of 1.17 still have room to move up further to 1.30 at least.

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 18:50 | Report Abuse

u r right man. R u the one comments on KPS? Jolie2 and dun know what jolieXXX same person??

mani_cum

265 posts

Posted by mani_cum > 2015-04-10 19:11 | Report Abuse

Will stop cheering until the next hurdle. I'm a very happy guy now. See ya!!!

Posted by Bryan Yuan > 2015-04-10 20:26 | Report Abuse

Huat ar, wake up liao, lai liao! Lai liao!

Posted by BURSAMASTER > 2015-04-10 23:46 | Report Abuse

TROP : VERY INTERESTING COMPANY..SHORT-TERM TP RM1.40


Friday, 10 April 2015

April Highlight on Tropicana - The Tropical Storm
Tropicana Corporation Berhad is a no stranger property developer in both the local and foreign market. Dijaya Corporation Berhad came to fame when the group penetrate the market with their "Tropicana" brand name with projects such as Tropicana Golf & Country Resort, Tropicana Indah Resort Homes, Tropicana City, Tropicana Sungai Long, Tropicana Bayou, Tropicana Sungai Buloh Commercial Center and Tropicana Danga Bay. Others residential project includes Casa Kiara I & II, Casa Suites, Fortune Park, Arena Mentari, W Hotel & Condominium, Aston Villa and 10 Island Resort.

Formerly known as Dijaya Corporation Berhad, the group is the founded and helm by Tan Sri Dato Danny Tan Chee Sing, which is the younger brother of well known Malaysia tycoon from the Berjaya Group - Tan Sri Vincent Tan.

Tropicana had been coming to the limelight for the past few years for some corporate dealing involving some land sales and asset disposal as well as some land purchases to consolidate and reposition the group's asset and financial position. How would Tropicana be faring in the coming days with the government policy in the property cooling measure as well as the introduction of GST?



Top & Bottom Realignment in Tropicana

Tropicana balance sheet had always been a yellow or red flag in the investor mind. Although the group had an impressive land bank that are situated in prime area, their overwhelming debt level had always keep a handbrake to the investor decision making.

However, with the current on going realignment of their land and assets which includes significant disposal of their land in Tropicana Alam to Ecoworld and their Tropicana City Mall to CMMT Reits.
The disposal of Tropicana City Mall is expected to complete by 3Q 2015, will effectively reduce the the gearing level of the group to 0.52x. The group will continue to dispose small land parcel in 2015, and will look to put it's gearing level below 0.5 to the FYE 2015 balance sheet.

Tropicana currently is sitting on a NTA of RM 2.14 with unbill sales amounting to approximate RM 3 billion from it's highly sought after launches like Tropicana Gardens and Tropicana Bay Residence at Penang World City.


A Stronger Push Before GST Implementation

With GST effectively taking off at 1st April 2015, the property construction segment is hotter than a volcano lava with non stop 24/7 working that tries to push as much as possible during the 4Q 2014 and 1Q of 2015 to reduce the exposure of incomplete progress that will be subjected to the billing of GST.

With a higher billing rate in the overall property sector, we expect to see a stronger 1Q 2015 result that will be going to see most of the result announcement in the month of May 2015, a movement that could take the property sector for a good ride. While some are still consolidating, there are significant property counter which had started to move up.







With an unbilled sales of approximately RM 3 billion in hand, Tropicana definitely had hopped in to join this bandwagon as well.

Tropicana had seen much changes in their effort to rebalance their portfolio and balance sheet. With the strong unbilled sales of approx RM 3 billion with the ongoing easy rosy sales packages for home buyers, at the current price of RM 1.09 which is a discount of almost 50% towards it's NTA of RM 2.14, Tropicana is just about to start a Tropical Storm towards a higher ground.


Ride on the Tropical Storm? You decide

Bone's short term TP: RM 1.40

Cheers and have a nice day

Regards,
Bone

fong7

648 posts

Posted by fong7 > 2015-04-10 23:49 | Report Abuse

epf bought 18m shares at 1.78 and still holding it? really? that's a very positive news. bravo!

Posted by BURSAMASTER > 2015-04-11 00:01 | Report Abuse

Source : RHB-OSK
Stock : TROP Price Target : 1.84 | Price Call : BUY
Last Price : 1.17 | Upside/Downside : +0.67 (57.26%)

Posted by RobbinBuffet > 2015-04-11 09:18 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1592549

Interim dividend 4.0 cents ex-date 23/4/2015

Posted by RobbinBuffet > 2015-04-11 09:23 | Report Abuse

QoQ profit increased more than 500% WOW. Plus another RM3 billion unbilled sales coming soon.

jolie2

2,039 posts

Posted by jolie2 > 2015-04-11 09:55 | Report Abuse

time for property sector to rebound and hot now.
a) intermark property at jalan ampang bought by kwap
b) desmond (malton) property deal at damansara.
c) ecoworld launch of london property
d) GW plastic (MCT) IPO

More hot news on property sector. Buy tropicana for the cheapest property stock with the maximum gain.

This analysis is report by analyst Jon't Lie (JL Investment Bank)

Panglima

26 posts

Posted by Panglima > 2015-04-11 11:13 | Report Abuse

Good & potential move!!!! land at 1.26

jolie2

2,039 posts

Posted by jolie2 > 2015-04-11 12:13 | Report Abuse

a&m shareholder keep on buying back stock,
i think danny tan start accumulating his stock also. Faster sapu before he sapu all.

gst story is over now, Now property stock back to lead the story.

SAPUUUUUUUUUUUUUUUUUUUUUUUUUUUU

jay_cwk88

484 posts

Posted by jay_cwk88 > 2015-04-11 16:55 | Report Abuse

Fly to rm2.00 soooooon

jolie2

2,039 posts

Posted by jolie2 > 2015-04-11 17:31 | Report Abuse

see the property index below. Uptrend. It will break the Feb high of 1338

25-Feb 1,332.72
27-Feb 1,338.91
2-Mar 1,338.67
3-Mar 1,333.08
4-Mar 1,326.69
5-Mar 1,326.84
6-Mar 1,321.95
9-Mar 1,317.62
11-Mar 1,308.69
12-Mar 1,303.97
13-Mar 1,312.96
16-Mar 1,308.55
17-Mar 1,297.29
18-Mar 1,300.79
19-Mar 1,300.85
20-Mar 1,303.69
23-Mar 1,303.70
25-Mar 1,302.55
27-Mar 1,305.57
31-Mar 1,311.71
1-Apr 1,315.76
3-Apr 1,311.67
7-Apr 1,310.67
8-Apr 1,310.76
9-Apr 1,311.02
10-Apr 1,321.03

Posted by BURSAMASTER > 2015-04-11 22:30 | Report Abuse

Fundamentally a great counter not to be missed..

jayawin

727 posts

Posted by jayawin > 2015-04-12 11:30 | Report Abuse

As estimated before. Trop share price will push to 1.2-1.25 before they annouce right issue plan. Good luck everyone, run before too late

jayawin

727 posts

Posted by jayawin > 2015-04-12 11:34 | Report Abuse

Hi robbinbuffet. You try to misleading other people by giving wrong info ah. That interim dividend already paid in year 2014 , not 2015 ok.

林俊松

6,930 posts

Posted by 林俊松 > 2015-04-12 11:42 | Report Abuse

jayawin, how u knw there was right issue plan?

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