TROPICANA CORPORATION BERHAD

KLSE (MYR): TROP (5401)

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Last Price

1.39

Today's Change

+0.07 (5.30%)

Day's Change

1.33 - 1.39

Trading Volume

626,000

News and Blogs
Discussions
9 people like this. Showing 50 of 11,037 comments

burstglove

Kick LimWeeChai out of Trop's board...

2020-12-18 12:37

TheGardener

You all are funny!!! If Im not mistake, The Biggest Share Holder is "Mr. Tan Chee Sing" with 63.33% as at 2nd Jun 2020! Without Mr. Tan agree, do you think "Mr. Lim Wee Chai" dare!? Did you all know who is Mr. Tan Chee Sing please? Anyway, enjoy the show!

2020-12-25 20:12

joni

so sad all are good for nothing, expensive seniors are just puppets; its good to put money in genuine counters

2020-12-29 16:11

TheGardener

Please dont feel sad! In share market, it very depend on your style of investment. Some like PE play, ROE play, dividend play, warrants play, theme play, volume play, chart play, info play, fundamental play.....My advice is like it then stay, hate it then go! “All Roads Lead to Rome! Beside that, base on my 17 years fundamental view of bursamalaysia counter. I think counter with AAA rating is under 50!

2021-01-02 02:44

canbuyla

quality developer but selfish

2021-01-02 08:53

TheGardener

Are you sure please? I have very bad experience stay in W Residence for year! The quality of job & material is lousy!

2021-01-02 20:07

UnkleLim

Goodbye for their investment in topglove. Paper loss gao gao

2021-01-04 10:03

getingreal

Reading the above, Tropicana (a property developer) borrowed 100 million by way of a Sukuk at 7% to 15%. Tropicana then spends 78.4 million to buy 11.25 million Top Glove shares (Tropicana's major shareholders own controlled company) at average price of 6.97 a share on the open market, at a time when Top Glove shares were rapidly dropping.

A simple calculation on the above is that a close Friday Tropicana has already lost over 20 million of the 100 million Sukuk in the last few months, plus the significant issue costs and fees paid to HSBC and the high interest being paid on the Sukuk. Also Tropicana will have incurred brokerage fees on the purchase of the shares.

My guess is almost all, if not all, of the net cash received from the 100 million sukuk is gone into buying the 11.25 million Top Glove shares. No wonder Senior Independent Director resigned.

I cant help but think this is a blatant rape of Tropicana minority shareholders to improperly try to prop up the share price of the major shoulders company.

Where is the SEC?

2021-03-06 11:08

hazli

PETALING JAYA (March 10): Tropicana Corp Bhd partners with Maybank Islamic to offer a homeownership financing solution that offers 100% financing in collaboration with Maybank Islamic’s HouzKEY program.
Tropicana group managing director Dion Tan said in a press release: “We are proud to have Maybank Islamic as our financing partner. At Tropicana, aside from offering customer-centric products, we want to provide easy ownership solutions to our homebuyers too. We believe the unique value propositions offered by Maybank will enable homebuyers to acquire Tropicana property with easy entry and minimal capital outlay. This solution only requires a three-month refundable deposit and it is easy plus attractive to our younger market segment. Coupled with our wide array of product offerings that range from high rise to landed abodes, for both ongoing and move-in ready properties, we believe this collaboration will be a win-win for all parties.”
According to Tropicana, the program targets first- and second-time homebuyers as it provides zero payments during construction and the lowest monthly payments with the best rates. Tropicana is one of the early adopters of the latest version of HouzKEY which allows the enjoyment of government incentives such as the Home Ownership Campaign (HOC) that offers stamp duty exemptions, MOT waivers and 10% discount on the purchase of residential properties. This partnership also enables Bumi discount for eligible Bumiputra buyers and EPF withdrawal for monthly payments or direct deduction of principal.
Maybank Real Estate Ventures managing director Sally Lye said: “We are truly proud of this collaboration with Tropicana, and we believe that our HouzKEY product is the perfect solution for homeownership in the current market. Working together, we are widening our reach and opening up opportunities for more Malaysians to own properties without having to worry about the high upfront costs associated with purchasing a property.”
The participating properties include the completed Paisley Serviced Residences, and the newly launched Residences (South) within Tropicana Metropark, a freehold 88-acre master plan in Subang Jaya with a direct link to the Federal Highway complemented by a 9.2-acre Urban Park and the GEMS International School.
Another property is Edelweiss Serviced Residences at Tropicana Gardens which boasts a central location in Kota Damansara and Tropicana Indah with a direct connection to the Surian MRT Station and the one million sq ft Tropicana Gardens Mall.
Two more offerings that are slated for completion in 2021 are the modern apartments of Aman 1 at Tropicana Aman, Kota Kemuning which is a walking and biking community with an 85-acre central park, Tenby International School and SJKC Bukit Fraser; and the linked villas of Lakefield Residences at Tropicana Heights, Kajang — a freehold 199-acre masterplan sited on a former golf course which has a 16-acre central park and a two-acre recreational hub.
In the southern region, Ayera Residences offers two-storey park homes nestled within the exclusive enclave of Tropicana Danga Cove, Iskandar Malaysia.
Concurrently, Tropicana is running its Tropicana 100 campaign which offers 100% deals for homebuyers. In conjunction with the Chinese New Year, Maybank Islamic is also running the HouzKEY 2021 Ox-picious New Year Campaign offering additional RM800 vouchers for HouzKEY applicants until April 8 this year.

2021-03-12 23:11

getingreal

Anyone else want to use forum for advertising?

2021-03-15 15:35

breeder

Looks like its prices are trending south ….. waiting below 80 sen.

2021-04-01 17:38

IdleMoney66

typical buy high sell low.....
How can this corp can be so ridiculous? What happen to the Board of directors here?
No one against on buying Topglove at high price and then sell at a lower price??
Lim really disappointed us and also Tan family....Both doing good in charity Tsun zi but con at the minor investor here...

2021-04-16 20:48

gemfinder

Post removed.Why?

2021-04-16 23:50

getingreal

Minority shareholders got raped!

2021-04-18 10:00

Bgt 9963

Post removed.Why?

2021-04-18 10:35

laosai_glove

When are Tropicana shareholders going to sue Lim weechai?

2021-04-18 12:14

laosai_glove

The greedy glove boss used Tropicana to support Topglove share price but Tropicana is making big loss lol

2021-04-18 12:16

will75

Offset by dividend still gain! You finished school dy?

2021-04-18 14:09

gemfinder

Post removed.Why?

2021-04-18 19:45

gemfinder

Post removed.Why?

2021-04-18 19:46

breeder

Setting traps again ..... be careful .... invest wisely ....

2021-04-25 15:55

joni

@Hazli Tropicana Metropark link road into federal highway was partly completed, only KL bounce traffic can swing to federal highways but not Klang bounce ; See the sore eye incomplete elevated sections were overhanging and poorly built bumpy tarmac road. They are so good in cutting corners. Promises never fulfilled as in when it was launched few years back.

2021-05-05 18:42

brian3381

has the bod of Tropicana been fired????? use money to buy topglv!!!!

2021-08-03 13:48

risktoreward

got tropicana @ 0.91

2021-08-04 16:47

risktoreward

release @ 0.91, catch and release

2021-08-06 09:32

dompeilee

Came here becos someone on another thread mention that TROP was an uptrend stock & I remembered buying 10 lots sometime back...Checked my records & found that I DID indeed BUY 10 lots on 25/1/18 @ 91.5c =D

2021-09-17 06:35

dompeilee

SOLD TROP @ 1.03

2021-09-20 16:37

Why_

Lose $ buying TG why goreng instead?

Posted by brian3381 > Aug 3, 2021 1:48 PM | Report Abuse
has the bod of Tropicana been fired????? use money to buy topglv!!!!

2021-09-29 11:55

dompeilee

Ohhh nice!!! Just 8 ticks away from my original cost price STUCK for 3 years...got future chance here! =)

2021-10-12 11:47

Syakib Arsalan

The king of shares buyback

2021-11-10 16:05

Syakib Arsalan

thesteward Looking good . Watching close next 2 weeks . If can break 1.06 again could spike

Nobody berminat this stock. Beli sesama sendiri jer. Kalau mau break 1.06 diorang kena break sendiri. No retailers at all.

2021-11-15 16:24

Syakib Arsalan

Kulepaskan jua, hold sejak Disember 2014. Waste time.

2021-12-21 17:11

Syakib Arsalan

No volume at all today !!!???

2022-01-04 11:56

Syakib Arsalan

Dah tegur adalah volume sikit. Sekadar tunjuk masih bernyawa.

2022-01-04 12:32

getingreal

Lim resigned as Tropicana Chairman as a result of Tropicana buying shares in his company Top Glove at his behest. Lim and his team of directors improperly abused their position of trust and bought the shares to help Lim shore up the price of falling Top Glove share price. You may recall independent Directors properly resigned over the matter at the time and I for one salute their honorable protest.

Tropicana had no business buying the shares in Lims Top Glove a business that is entirely different than that of Tropicana's. Worse Tropicana used borrowed money to do it. Subsequently Tropicana has suffered a huge loss on the shares improperly bought and still has the borrowings to repay. Lim improperly used Tropicana for his own benefit and purpose at the cost of minority shareholders.

Lim rightly has resigned, but now so to must the sycophant Directors that supported Lim.

Lim and his supporting Directors are responsible and they now need to put this matter right by not only resigning (which does not cure the damage done to Tropicana) by refunding Tropicana for the loss including interest and loan costs. Lim and his sycophant Directors must make good their wrong and put things right. Your reputations are on the line.

2022-01-12 09:22

Hunkyman

Finally after a long wait

2022-03-03 23:06

newbie5354_

Loss QR why can goreng? How to choose stocks in Bursa to make money?

2022-08-20 03:23

Dehcomic01

Property companies went through a tough past decade but there are signs of a turnaround. Refer to "Will the Malaysian Property industry turn around by 2024?". From 2011 to 2022, the mean ROE of the large Bursa property companies averaged 7%. Compared to his, Tropicana ROE averaged only 5%. So why did Tropicana stock price moved over the past couple of months when the other companies did not have the same amount of increase? Surely it cannot be due to the performance alone.

2023-07-07 06:46

Solidcross

goreng. don't get caught. liquidity is very low in this company. avoid if possible

2023-07-25 12:03

SS3U

The king of shares buyback

2023-10-01 22:25

SS3U

Kena sued by Sunway

2023-10-14 00:38

nikicheong

FYI W Hotel is being sold, 2% deposit has been collected.

2023-11-03 09:12

nikicheong

IOI Properties on shopping spree, eyes Tropicana Corp’s retail and hospitality assets

IOI Properties Bhd signed a sale and purchase agreement last week to buy W Kuala Lumpur from Tropicana Corp Bhd for RM270 million. However, the two companies have yet to end talks as two more assets have been put on the negotiating table. IOI Properties is said to be keen on buying Tropicana Gardens Mall in Kota Damansara, Selangor, and Courtyard by Marriott Penang, which together are valued at between RM800 million and RM1 billion.

https://theedgemalaysia.com/node/693558

2023-12-22 10:30

wallstreetrookieNEW

Bought back

17 hours ago

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