Posted by inikalilah888 > 2015-05-12 11:48 | Report Abuse

Ham yu still a ham yu...

Posted by Tsuto > 2015-05-12 12:30 | Report Abuse

You should sell it then if it is bad... no need to hold it

Posted by inikalilah888 > 2015-05-12 16:44 | Report Abuse

You should buy more then if it is so good

Posted by cooling > 2015-05-12 17:17 | Report Abuse

hahaha ....hamyu sudah bungkus....

Posted by merry > 2015-05-13 20:31 | Report Abuse

请问1.1的股息是多少？

Posted by valueinvestor > 2015-05-13 21:35 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/05/13/Tropicana-profit-seen-improving-this-year-after-buoyant-Q1/?style=biz

Posted by AdrienNgTzeLeong > 2015-05-13 21:39 | Report Abuse

why this share unable move up? after excel results

Posted by rlch > 2015-05-13 21:49 | Report Abuse

Promoters here not good enough? Tropicana is 70% owned by Danny Tan. So he must see very good value in it. Among proposals suggested is share buy back due to under valuation.

Posted by AdrienNgTzeLeong > May 13, 2015 09:39 PM | Report Abuse
why this share unable move up? after excel results

Posted by darrenliew > 2015-05-14 21:02 | Report Abuse

COULD BE AFFECTED BY NEGATIVE REPORTS OF GLUT OF HOUSES IN ISKANDAR, JOHOR. SUCH BEARISH REPORTS CAN DAMPEN INVERTORS' SENTIMENTS FOR PROPERTY SHARES WITH HIGH EXPOSURE TO ISKANDER AREA. EG,

Valuation
We reiterate our MARKET PERFORM call on TROP with an unchanged Target Price of RM1.10 based on 72.0% discount (one of the steepest discounts applied under our coverage) to its FD RNAV of RM3.91, due to its large risk exposure in Johor, and larger higher-end high-rise components in their developments. At this juncture, downside risks are limited given the steep discount rate, whilst near term re-rating catalyst is lacking.

Risks to Our Call
Weaker-than-expected property sales

Higher-than-expected sales and administrative costs

Negative real estate policies

Tighter lending environments

Posted by darrenliew > 2015-05-14 21:07 | Report Abuse

NEGATIVE REPORTS ON HOUSING GLUT ON ISKANDAR CAN DAMPEN INVESTORS' APPETITE FOR SHARES/COUNTERS WITH EXPOSURES IN THIS REGION:

Thursday, 14 May 2015 16:59
NO GLUT? Johor's Forest City could house up to 700,000 - developer
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NO GLUT? Johor's Forest City could house up to 700,000 - developer
THE master developer for the 1,400ha reclaimed land in Johor near Tuas said that over the next 20 or 30 years, homes may be built that can house as many as 700,000 people.
The homes being built in the Forest City project would add to the nearly 336,000 new residential units that are in the pipeline for the rest of Johor state.
The large number of new homes coming up in Johor has raised concerns in Singapore.
Minister for Culture, Community and Youth Lawrence Wong, who is a board member of the Monetary Authority of Singapore, told Parliament on Monday that the nearly 336,000 new private residential units are more than the total number of private homes in Singapore.
He said the figure, derived from official Malaysian statistics, does not include homes being built on the Forest City reclaimed land.
Johor had 719,421 existing homes at the end of last year, according to Malaysia's National Property Information Centre, a unit under its Ministry of Finance.
"There is indeed a real concern about future oversupply in the property market there and hence the potential decline in value of homes," Mr Wong said in reply to an MP's question about Singaporeans buying in southern Johor's Iskandar Malaysia region.

Johor Menteri Besar Mohamed Khaled Nordin, when asked last week about concerns in Singapore over a property glut in Iskandar, said: "Investments in Johor are not only confined to property."
The reclaimed Forest City project consists of four man-made islands being raised by a company partly owned by the Sultan of Johor.
Forest City will offer wealthy international buyers luxury homes by the Strait of Johor, its developer has said.
The four islands will have a total land area of 1,386ha - about three times the size of Sentosa island. Forest City's master developer is Country Garden Pacificview (CGPV). - Asiaone

Posted by darrenliew > 2015-05-14 21:27 | Report Abuse

THE RECENT SERIES OF REPORTS ON THE PROPERTY GLUT CONTINUES TO AFFECT INVESTORS' SENTIMENTS FOR PROPERTY SHARES WITH EXPOSURE TO ISKANDAR JOHOR:-


Fundamentals of UEM Sunrise intact despite foreign selldown: MIDF 14 MAY 2015 @ 5:39 PM KUALA LUMPUR: MIDF Amanah Investment Bank (MIDF Investment) believes UEM Sunrise Bhd’s fundamentals remain intact, despite a recent selldown by foreign investors to rebalance their investment portfolio. At 11.51 am, shares of the company declined five sen to RM1.22 with 9.77 million changing hands. MIDF Investment in a research note today said the selldown is believed to be related to concerns over the challenging property market outlook in Johor. It said due to the selldown by foreign investors, UEM Sunrise had been removed from the MSCI Malaysia Index, the benchmark index for measuring investment performance by international investors. However, it said the fundamentals of UEM Sunrise remained strong with unbilled sales of RM3.9 billion as of end-financial year 2014, which would provide more than two years of earnings visibility and hence, support the company’s financial year 2015 net profit. As for new sales, the research house is keeping its estimate of RM1.95 billion for financial year 2015, lower than UEM Sunrise management’s target of between RM2 billion and RM2.4 billion, and maintained the net profit forecast of RM491 million. MIDF Investment is “neutral” on UEM Sunrise with an unchanged target price of RM1.35. – Bernama RECOMMENDED Thousands volunteer to scour satellite images of Nepal quake Inmates need a second chance Mt. Everest height unchanged Mother of death row Australian says he’ll be executed at 1700 GMT PROMOTED STORIES Where do your government tax dollars go? (EY) How a Sydney grad became an ICBC leader (The Naked CEO) What does your body language say about you? (The Naked CEO) 5 Top Restaurants Malaysians Queued Up For In 2014 (HungryGoWhere) Ringgit Now Asia’s Worst Performing Currency (Imoney) How Early Retirement Feels Like - (Doctor Wealth)

Read More : http://www.nst.com.my/node/84274

Posted by Drunk Panda > 2015-05-14 21:29 | Report Abuse

Anyone to summarize what are the 2 comments above talking^ lol im new

Posted by rlch > 2015-05-14 21:31 | Report Abuse

Tropicana is more diversified than purely Iskandar developers. They have projects in Klang Valley and Penang as well. While Iskandar may face glut the same cannot be said of Klang Valley and Penang.

Posted by darrenliew > 2015-05-14 21:51 | Report Abuse

TRUE. DEVELOPERS WITH DIVERSIFIED LAND ASSETS,( ESPECIALLY IN THE 2 TOP PROPERTY LOCATIONS, KL/KLANG VALLEY AND PENANG,) WILL BE MORE RESILIENT THAN THOSE PURE ISKANDAR PLAYERS. BUT INVESTORS' SENTIMENTS ARE STILL BEING AFFECTED DUE TO THEIR SIGNIFICANT EXPOREURES IN ISKANDAR. LESS AFFECTED BUT STILL AFFECTED AS INDICATED BY THE 2 BANK ANALYSTS' REPORTS CITED ABOVE.

Posted by valueinvestor > 2015-05-15 21:20 | Report Abuse

http://klse.i3investor.com/blogs/sin_chew_hot_stocks/76517.jsp

Posted by valueinvestor > 2015-05-16 15:25 | Report Abuse

tropicana aman is selling well?
https://forum.lowyat.net/uploads/attach-50/post-669150-1431529596.jpg

Posted by sharebuyback > 2015-05-18 10:17 | Report Abuse

Share buy back coming soon. Good buy now.

Posted by cooling > 2015-05-21 09:38 | Report Abuse

IOI Corp, Tropicana may lose Syariah status, says AffinHwang Capital Research - Quickly THROW BEFORE TOO LATE!

http://www.theedgemarkets.com/my/article/ioi-corp-tropicana-may-lose-syariah-status-says-affinhwang-capital-research

Posted by firstsight > 2015-05-23 08:06 | Report Abuse

syariah/non shariah affected much~~~

Posted by darrenliew > 2015-05-24 06:49 | Report Abuse

Saturday, 23 May 2015 18:52
INEVITABLE GLUT in Johor's Iskandar, where there are more homes than in all of S'pore
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INEVITABLE GLUT in Johor's Iskandar, where there are more homes than in all of S'pore
KUALA LUMPUR - Frenzied construction by developers hoping to tap the real estate potential of the Iskandar region is ironically leading to a glut that is depressing property value in the southern economic development corridor.

According to a report by the Financial Times, the Monetary Authority of Singapore (MAS) has already sounded a warning over the 336,000 private residential units either built or being built in Iskandar to target buyers from the republic.

The figure exceeds the total of all completed private homes on the market in the island state, said the MAS, illustrating the margin with which supply will exceed demand in Iskandar.

The development in Iskandar also far outstrips any that are meant for local buyers in the rest of Johor, which official figures put as 38,000 under construction and a further 48,000 in the planning stage.

Worryingly for the primarily China-based developers is that most of these projects are already in progress even as demand is tapering off.

One such developer, Country Garden, has 45 condominium towers with a combined total of 9,500 units set to come online in 2017, but has received bookings for less than a third some two years after construction began in 2013.

This excess supply is also hitting builders such as Guangzhou R&F Properties that has sold just half of its 1,400 luxury home units in the region; another, Greenland Group, is planning another 2,000.

Aside from the obvious glut, other factors depressing sales in the region are the prices that have ballooned to levels comparable to the national capital of Kuala Lumpur and property controls that limit foreigners to buying property priced at no less than RM1 million.

According to data by Asean Confidential, the effects on property value growth in Iskandar is already palpable.

Going into 2012, it began climbing steadily to eventually outstrip the national average, before peaking at 25 per cent in annual appreciation. But it began falling almost immediately, plunging to 10 per cent last year, less than a percentage point over the rest of the country.





Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=517941:inevitable-glut-in-johors-iskandar-where-there-are-more-homes-than-in-all-of-spore&Itemid=3#ixzz3b0MsYqDk
Follow us: @MsiaChronicle on Twitter

Posted by darrenliew > 2015-05-24 07:06 | Report Abuse

CURRENTLY TROPICANA IS FACING THE NEGATIVE NEWS ON ITS SYARIAH STATUS + EXPOSURE TO THE HOUSING SUPPLY GLUT RISKS IN ISKANDAR. HENCE ITS SHARE PRICE WILL ENCOUNTER THESE HEADWINDS AND NEEDS SOME TIME TO CONSOLIDATE AGAINST PROFIT TAKING SELLING PRESSURE.

Posted by hng33 > 2015-05-25 17:11 | Report Abuse

Judging from experience from UEMS that slump more than 15% after its exclusion from MISC list, if tropicana exclude from shariah list, it could trigger similar degree of downward adjustment. Let's just wait few more days to see the new list of shariah compliance stock to be release soon, then only start bargain hunt.

Posted by inikalilah888 > 2015-05-26 09:38 | Report Abuse

Crappiest counter

Posted by Tsuto > 2015-05-26 12:31 | Report Abuse

Faster sell if it is crap ... why keep holding and everyday complain here haha

Posted by darrenliew > 2015-05-26 16:53 | Report Abuse

PRUDENTLY CAUTIOUS ON SHARES WITH EXPOSURE TO THE OVERBUILT SITUATION IN ISKANDAR JOHOR. SPORE GOVT ALREADY SOUNDED WARNING BELL TO ITS CITIZENS WHO ARE BIG PROPERTY INVESTORS THERE. THE GLUT HAD ALREADY FORCED SOME DEVELOPERS TO SCALE BACK.
ISKANDAR PROPERTY GLUT: Developer scraps plan to build 'mega mall'
The principal developer of Iskandar Malaysia, UEM Sunrise Bhd, has ceased its plan to build one of the region's major projects.
Singapore's The Straits Times reported today that no reason was given for the decision to halt plans to build the huge Asian Trade Centre (ATC) in Iskandar, Johor.Others in the industry said the decision to drop such a large facility would create further worry in the Iskandar property market, which is already weakened by oversupply concerns in the residential sector.
Full article: http://www.malaysia-chronicle.com/index.php?
The newspaper noted that this would likely intensify concerns that the fast-growing region is hitting some "speed bumps
Full article: http://www.malaysia-chronicle.com/index.php?

TROP REPORTED TO HAVE PLANNED A 3,000 UNITS RESIDENTIAL PROJECT IN ISKANDAR. MARKET NEWS ARE THAT THEY PRUDENTLY REVISING ITS PLANS TO CHANGE PART OF IT INTO COMMERCIAL.
(Disclaimer)
ABOVE COMMENTS ARE OBTAINED FROM VARIOUS MARKET NEWS SOURCES AND ARE BEING SHARED HERE TO EXCHANGE INFO AND OPINIONS ONLY and had not been verified.
IT IS NOT AN INVITATION TO BUY OR ANY STOCKS

Posted by hng33 > 2015-05-28 19:51 | Report Abuse

Tropicana shariah compliance reinstate, include in latest list

http://www.sc.com.my/data-statistics/list-of-shariah-compliant-securities-by-scs-shariah-advisory-council/

Posted by syariahcompliant > 2015-05-29 04:33 | Report Abuse

Pass.

Posted by valueinvestor > 2015-05-31 12:33 | Report Abuse

http://www.insage.com.my/ir/cmn/loadpdf.aspx?sReportType=RR&sCompanyCode=TROP&sFileName=15133000014362

http://www.tropicanaheights.com/site/home.html

Posted by Drunk Panda > 2015-06-04 20:55 | Report Abuse

dead dead dead

Posted by darrenliew > 2015-06-05 08:13 | Report Abuse

Tropicana reappraised and had in fact found its sound fundamentals intact and growing stronger.
like in the tropical climate, it will be hot again soon.
Recently i opined that Trop is facing 2 head winds, (1) its shariah status (2) it is also exposed to housing glut in Iskandar Johor. Subsequent events were positive : (!) its shariah status was retained. (2) Unlike other pure play Iskandar developers, Tropicana is very diversified in its property developments with most of its prime landbanks in strategic locations in KL/Selangor and Penang( where stronger economic growth and increasing population build-ups due to natural + labour migration translate into stronger demand for housing). Hence Trop's exposure to Iskandar is mitigated by its better performing projects in other regions.
Tropicana's fundamentals remain strong and is in fact fast improving/strengthening . Its high gearing is being actively rectified via disposals of more than RM2B non-core assets & businesses. These will bring in big cash inflows, reduce it gearing to below 0.5, register significant extraordinary gains for its P&L a/c for its FY ending 31/12/2015. It will also enable its Management to focus on its core business.(i will try my best to compile the relevant data/info on its disposals of its bigger disposals of non core assets during the last 12 to 18 months ASAP).
Meanwhile its 1Q results improved and is on track to achieve its consensus profit target.
Good to note that its Dividend payouts for FYE 2014 actually increased. Paid 4 sens in 2Q + 1.3 to 100 share dividend as Final dividend (equivalent to about 1.4sen. Total dividends = 5.4 sens.

(Disclaimer. my comments above are purely my own opinions and are meant for exchange of market info only. Its not an invitation to buy or sell this or other shares. Tq )

Posted by fong7 > 2015-06-05 16:12 | Report Abuse

hi darrenliew, do you have info on what the GDV of its landbank/projects? I wish to know its weight on Iskandar vs other regions. Thanks!

Posted by fong7 > 2015-06-05 16:12 | Report Abuse

Since no IB wrote report for it, it's really hard to dig info.

Posted by erwin1987 > 2015-06-05 16:37 | Report Abuse

yes darrenliew,trop obviously undervalue based on company financial data and its fundamental.i believe price will move up soon after its AGM.

Posted by darrenliew > 2015-06-05 17:32 | Report Abuse

fong7 is correct. trop has many ongoing projects. Needs some time to collate the data on its respective GDVs. But we can get its total sales and unbilled sales data from its latest 1Q results reports. Unbilled sales represents the portion of sales achieved during a particular quarter or year but has not been billed/payments collected from the buyers or their financiers due to legal documentation time lag and the stage of construction not yet completed according to the schedule of payments specified in their S&Ps. Over time and as construction progresses, unbilled sales become billed and turned in sales revenues and profits.. hence the unbilled sales is a good indicator of its future revenue/profits. Trop last reported its unbilled sales exceeded RM2B and its a positive indication.
But the most important factor in its business operations and future viability and profitability lies in its ability to reduce its gearing. All its other fundamentals are good (NTA 2.14 per share, last years EPS almost 25 sen, RNAV RM3.91, high take up rates in most of its project launches, good/low P.E. ratios of bet 4x to 5x only) But most stock analysts were negative on its high gearing (debts) last time. But this had been effectively addressed/rectified via sales of non core assets/businesses which todate totalled more than RM2B. eg its sale of its Tropicana Mall for RM540M cash is expected to be completed by 3Q this year. this sale alone will bring a cash inflow of rm540. this will reduce its gearing and achieved a big capital gain thus also boosting its profits for this year. Upon completion of the announced disposals of non core assets, it gearing will be reduced to comfortable level of below o.5.
Most of u are aware that financial analysts assigned a discount to the a developer's RNAV when computing the fair value/ target price. Most of them will discount it at 50%. TROP's RNAV is abt RM3.91. This will estimate a fair value of RM1.95 to Tropicana's share price.Several broker houses did give this price. But there is one which gave RM1.10 based on its 72% discount. I personally think this discounting is too extreme and unfair. Nevertheless a well known financial blog recently gave a target price of RM1.40. I believe it has good potential to scale higher once it reduced its gearing and reports higher sequential profits.

(disclaimer: above are only my personal opinions based on my own assessment of available market info. It is not an invitation to buy or sell this share)

Posted by darrenliew > 2015-06-05 18:46 | Report Abuse

Today's announcement. The boss had bought another 11.45m shares (direct deals) bringing his total shareholdings in Trop to 71.33%. Positive implication??

Posted by erwin1987 > 2015-06-05 19:03 | Report Abuse

YA,WILL LIFT UP INVESTOR CONFIDENT ON TROP

Posted by Frank Tan > 2015-06-05 19:09 | Report Abuse

It is undervalue stock,collect below 1.10.

Posted by darrenliew > 2015-06-06 08:17 | Report Abuse

U are right!! Tropicana is today's one of the most undervalued stocks.The world's most successful stock investor, Warren Buffett, advised that "it's difficult to time the market. U wont succeed. Buy it when its already significantly undervalued compared to its fundamentals". Trop's fundamentals were listed in my comments above. It's also cum share dividend 1.3:100 equivalent to abt 1.4 SEN.(= to total dividend of 5.4 sen for FYE2014(interim 4 sen paid in 2Q + final dividend in specie). The attached write up by an investment bank supports its fundamentals:

Tropicana: Disposes Tropicana City for RM540m
Date: 27/01/2015

Source : Affin Hwang Capital
Stock : TROP Price Target : 1.83 | Price Call : BUY
Last Price : 1.06 | Upside/Downside : +0.77 (72.64%)

Back

Tropicana has entered into a sale and purchase agreement with CapitalMalls Malaysia to dispose off its Tropicana City for RM540m. Tropicana City comprises of the 4-storey Tropicana City Mall and 12-storey Tropicana City Tower. (Source: Bursa Malaysia)

Comment: We are not surprised with the disposal given its iconic landmark to the group. However, we are mildly positive with the development as 85% (RM460m) of the proceeds will be used to pare down the group's RM2.4bn borrowings, lowering its estimated net gearing level to 0.52x (from 0.72x as at Sept-14).

In addition, it will also save about RM23.5m of interest cost annually. However, it will lose an estimated net income of RM21.8m from the disposal. The disposal is expected to completed in 3Q15. No change to our earnings for now. Maintain BUY with a target price of RM1.83.

Source: Affin Hwang Capital Research - 27 Jan 2015

Posted by haikeyila > 2015-06-06 15:26 | Report Abuse

This is one of the most 'dangerous' counters around if you know how they operate. Certainly not worth the risk when other options are available.

Posted by valueinvestor > 2015-06-06 15:40 | Report Abuse

http://www.j-propves.com.my/files/editor_files/images/News/The%20Star/2015/06%202015/05/Tropicana.jpg

Posted by darrenliew > 2015-06-07 08:05 | Report Abuse

A more positive view of Tropicana via a fundamental approach.
Backed by sound financial data:-
par value RM1.00
NTA 2.14
EPS 24.85 sen
P.E.ratio 4.3x very good (against its peers/competitiors'/property sector of 15x)
Dividend/Yield 5.4 sen/ 5.04%
Vast strategic landbank in prime locations in KL/Selangor/Penang/Johor
Unbilled Sales RM2.6B (giving positive earnings visibility for the next 2 years as progressive
billings/claims on buyers/financiers will become sales revenues n
profits). (Good timing for successful launches of its many projects
in the past 2 years b4 the current softer market condition in 2015)
High gearing: a negative among stock analysts. But its previous gearing of 7.2x had been
effectively addressed via rapid disposals of non-core assets/businesses totalling
more than RM2B (RM540m cash inflow by 3Q from sale of Tropicana City Mall,
RM448m from sale of Jln Bukit Bintang land, RM174m from sale of subsidary
(Kima), etc,. Will be reduced to a comfortable 0.52x

What are the risks ?

We find strong security and comfort when investing in Tropicana now.
In addition to the strong fundamentals listed above, we are now in a very advantageous position
based on :-
@ current price of 1.06 it is 52% below its 52 week high of 2.20
It is also 50% lower than its NTA (audited) of 2.14
RNAV computed by share analysts is 3.91. Most of them assigned a discount of 50%
thus giving it a fair value share price target of 1.95 (share price did go up to
2.20 in early 2014). some had now revised it to 1.83 (longer term view)
A well known financial blog targetted it @ 1.40 (medium term view).

(Disclaimer: My personal views & comments here are purely for exchange/sharing of info only.
Its not an invitation to buy or sell the shares discussed. Tq )

Posted by erwin1987 > 2015-06-07 11:12 | Report Abuse

thank darren

Posted by kancs3118 > 2015-06-09 15:33 | Report Abuse

Abang Darren,,,what happen to symlife? Drop like nobody business...

Posted by darrenliew > 2015-06-09 18:57 | Report Abuse

Hi, Invested in several counters which we had researched to be very undervalued against its fundamentals. However Bursa had turned bearish and weak market sentiments caused small lots selling pressure.cutting loss in small quantities = minor financial losses for them but a daily half sen to 1 sen loss add up to quite a lot. Besides Bursa weakness, i think punters were disappointed when there was no Dividend announcement in its 4Q results. But it only said "no INTERIM D for the current/4Q under review" Hence we are hopeful it can still give A FINAL D for the full year results ending 31/3/2015. There is no guarantee on this but if it happens, it will be helpful. We remain hopeful for several positives to happen. Watch out for news of Govt acquisition of its Sg Long land. Sym owns its 412 acres at very low costs.Current market is rm88 psf. Means Sym can make good capital gains there and bring in cash inflows. It also mean Sym can now proceed with its Sg Long township development. Being big, it can accomodate more affordable housing types where the current demand is up. Its low cost land can still generate good profit margins.
(disclaimer: the above are only my personal opinions and interpretations of mart info. Its not an invitation to buy or sell this share or any other shares)

Posted by kancs3118 > 2015-06-09 21:54 | Report Abuse

@ Abang Darren, besides SymLife, what other shares do you own?

Posted by kancs3118 > 2015-06-09 22:08 | Report Abuse

@ Abang Darren, i can recommend GOB (Global Oriental Berhad) for you....another undervalued property counter.

Posted by darrenliew > 2015-06-10 00:01 | Report Abuse

Not too sure about GOB after testing the market on undervalued property counters. Such shares are also being hit. Moreover, its supposed to be linked to Malton. Even Malton's( which is much more established and high profiled) share price also is finding it hard to move up. World markets are also not steady with no firm uptrend due to bond volatility and the likelihood of USA hiking its interest rates.. Prefers to be more conservative with whatever exposures we already have. Take it easy in the meantime and monitor the issues affecting world marts plus our local politics.

Posted by kancs3118 > 2015-06-10 20:26 | Report Abuse

@Abang Darren, actually just to break some bad news.... actually symlife peoduCTS not very good quality.... you can search lowyat..endless xomplaints eapwcially on tijani and their Taman tasik puxhong project....

Posted by darrenliew > 2015-06-10 23:51 | Report Abuse

Such complaints are quite common and happens to many other developers' projects. Developers just have to rectify them. If i recall correctly Symlife also won some awards for some of their projects.

Posted by valueinvestor > 2015-06-13 14:58 | Report Abuse

http://www.4-traders.com/TROPICANA-CORPORATION-BHD-10089406/news/Tropicana-Bhd--RM880m-investment-to-develop-Tropicana-Aman-20515114/
In summary, it expects RM3bil profit to be generated by Tropicana Aman alone over the next 15 years.