bro member41, I sold mine long time ago. I will consider to re-enter if it drop below 1.20. If we compare with counter like PJDEV which only worth rm1.21. This Titi is expensive to me.
this one if can break 1.60 then got chance one wave, otherwise susah sikit. try sendai better, now trading at very low price, go for technical rebounce .
RSI 36% & MFI 39% after 2 weeks oversold . Considered bottom rock fishing @ RM 1.430 to RM 1.470 closing price ( Tuesday , Thursday & Friday ) . Managed to acquired @ RM 1.450 yesterday and i'm happy with support volume . Believed Titijaya already starting to recover since yesterday and now will move up to RM 1.75 TP by Investment House ( JF Apex , Alliance IB Research & RHB Research )
Titijaya Land has developed about 3,000 units of properties, with a total gross development value of approximately RM1.1 billion. Based on the company’s prospectus, the company has a 30 percent dividend payout policy.
Significance: Looking ahead, Titijaya Land’s results will be underpinned by for its ongoing projects which has a gross development value of RM1.1 billion. The company plans to launch two projects in Selangor with a combined gross development value of RM780 million in the first quarter of 2014.
News on Nov 2013. KUALA LUMPUR: Titijaya Land Bhd is targetting new launches with a gross development value (GDV) of RM730mil in the first half of 2014. The new launches are its H2O mixed development project in Ara Damansara and phase two of its Embun@Kemensah project consisting of semi-detached houses. The property group, en route to a listing later this month, has completed projects with a GDV of RM1.14bil since 2001 and has ongoing projects with a GDV of RM1.08bil. Its chief operating officer Lim Poh Yit said Titijaya’s current land bank totalling190.2ha concentrated in the Petaling and Klang districts in Selangor, which Lim said would be able to sustain the group until 2021. “The valuable insights provided by our market research has helped us identify hotspots such as Penang and the Klang Valley, where we are confident our contemporary architectural designs will appeal to potential buyers,” he said at the prospectus launch yesterday. On expansion plans, he said that RM30mil from the initial public offering (IPO) was allocated to acquire additional land bank. Executive director Charmaine Lim added that the group was still focussing on prime locations in Klang Valley and its ongoing projects. Titijaya’s unbilled sales amounted to RM500mil as at June 30, 2013. The group set a dividend policy of up to 30%, which Lim noted meant about 4% to 5% yield. Post-listing, the group’s net gearing would be 0.22x while gross gearing is 0.44x. Titijaya aims to raise some RM122.6mil from its IPO. Aside from the RM30mil allocated for land acquisitions, RM49.5mil will go into Titijaya’s working capital, RM15mil for repayment of bank borrowings, RM24.3mil for repayment of advances from previous shareholders of its subsidiary Epoch Property Sdn Bhd and RM3.8mil for the listing exercise. It has set a tentative listing date on Nov 27. The group will issue 81.7 million new ordinary shares of 50 sen each, at an issue price of RM1.50. Of that, 17 million new issue shares are for the public, six million for eligible directors and employees, 34 million for bumiputra investors and 24.7 million as placement for selected investors. The listing also involves an offer for sale of 49.5 million existing shares at the same price. Upon listing, the group should have an enlarged share capital of 340 million ordinary shares of 50 sen each and 100 million redeemable convertible preference shares of 50 sen each.
But titijy is a rubbish counter ! Waste time Waste money Better sell off ! I dont knw why. .titijy boss will ipo his company. Wanna con ppl money la. .. SELL OFF! ! !
No point to bash. Nothing wrong except it's not as attractive as other prop counters. Not a good time for listing. If you listen to me and bought matrix on 17 Dec u have already earned 20 cents capital gain plus 10 cents dividends, rather than get your money trapped in titijaya.
no lar, guess only.. de price stuck at 1.47 for 2days trading.. weird.. someone throw de share at 1.47, let many ppl get offer price.. price will up or down between 1.47, coming weeks.. hope titi up up up..!!
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....
member41
3,718 posts
Posted by member41 > 2013-12-11 10:01 | Report Abuse
bro choonhock i didnt know you buy titi also