A LOOK AT SOME BANKING STOCKS, OVERVALUED AEON CREDIT & UNDERVALUE TA ENTERPRIZE (Calvin Tan)




1) PUBLIC BANK
 

UMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
5,350,550
5,084,083
20,858,174
20,102,740
2 Profit/(loss) before tax
1,957,237
1,792,711
7,117,672
6,554,032
3 Profit/(loss) for the period
1,505,365
1,499,269
5,546,979
5,267,435
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,485,468
1,482,782
5,470,035
5,206,875
5 Basic earnings/(loss) per share (Subunit)
38.47
38.40
141.66
134.84
6 Proposed/Declared dividend per share (Subunit)
34.00
32.00
61.00
58.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
9.6762
8.8601
 
ONE YEAR REVENUE IS RM20.858 BILLIONS AND PROFIT ABOUT RM5.470 BILLIONS
ABOUT 26% PROFIT
GOOD
AND LOOK AT ITS 5 YEAR PRICE CHART
 

PUBLIC BANK BERHAD (1295)


PUBLIC BANK BHD (1295) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
UP FROM RM13.00 TO A HIGH OF RM23.00 OR ABOUT 76% 
 
2) HONG LEONG BANK

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
1,228,555
1,178,740
2,407,185
2,274,982
2 Profit/(loss) before tax
833,099
696,630
1,613,491
1,371,249
3 Profit/(loss) for the period
683,071
549,935
1,322,039
1,092,562
4 Profit/(loss) attributable to ordinary equity holders of the parent
683,071
549,935
1,322,039
1,092,562
5 Basic earnings/(loss) per share (Subunit)
33.39
26.89
64.63
53.41
6 Proposed/Declared dividend per share (Subunit)
16.00
15.00
16.00
15.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
11.3400
11.0900
 
ONE YEAR REVENUE IS RM2.407 Billion and Profit RM1.322 Billions or 82%
This beats Public Bank
Let's See 5 Year Price Growth
 

HONG LEONG BANK BERHAD (5819)


HONG LEONG BANK BHD (5819) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From Rm9.40 To RM19.00 Or 102% (Wow! Beating Public Bank? How Come?)
 
3) AMBANK

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
2,159,629
1,977,925
6,365,400
6,140,604
2 Profit/(loss) before tax
301,740
408,910
1,183,025
1,360,446
3 Profit/(loss) for the period
230,099
317,447
951,752
1,052,093
4 Profit/(loss) attributable to ordinary equity holders of the parent
218,978
313,167
878,717
988,793
5 Basic earnings/(loss) per share (Subunit)
7.28
10.42
29.22
32.89
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
5.00
5.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
5.4100
5.3200
 
 
ONE YEAR REVENUE IS RM6.365 Billions and Profi RM951  Millions or 15%
 
Let's See 5 Year Price Chart
 

AMMB HOLDINGS BERHAD (1015)


AMMB HOLDINGS BHD (1015) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Started at Rm6.60 and ended at Rm4.00 (Dropped 40% in 5 Years? What happened?)
But got one saving grace. NTA increased from Rm5.32 To Rm5.41 (So now price is below Asset Value)
 
4) AFFIN BANK

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
534,703
358,685
1,560,455
1,324,430
2 Profit/(loss) before tax
223,484
167,312
550,699
599,871
3 Profit/(loss) for the period
176,119
129,953
424,438
464,131
4 Profit/(loss) attributable to ordinary equity holders of the parent
169,536
129,953
417,855
464,131
5 Basic earnings/(loss) per share (Subunit)
9.20
7.70
24.00
27.50
6 Proposed/Declared dividend per share (Subunit)
0.00
4.52
2.34
8.32
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
4.2600
3.4400
 
ONE YEAR REVENUE IS RM1.56 Billions and Profit Rm424 Millions or 27.9% (Not bad)
 
Let's see 5 Year Price Growth
 

AFFIN BANK BERHAD (5185)


AFFIN BANK BERHAD (5185) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Started at Rm3.3 and ended at Rm2.40 (Dropped 28%. How come?)
Ha! AFFIN NTA is up from Rm3.44 to Rm4.26 (Gained 23.8%)
Afffin at Rm2.40 with NTA at Rm4.26 is selling at 44% Discount to NTA. So there is Margin of Safety.
 
5) RHB BANK

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
2,702,271
2,557,553
10,570,766
10,568,789
2 Profit/(loss) before tax
601,879
344,411
2,558,132
2,231,841
3 Profit/(loss) for the period
462,104
256,718
1,956,040
1,687,588
4 Profit/(loss) attributable to ordinary equity holders of the parent
460,077
261,243
1,950,145
1,681,624
5 Basic earnings/(loss) per share (Subunit)
11.50
6.50
48.60
43.60
6 Proposed/Declared dividend per share (Subunit)
10.00
7.00
15.00
12.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
5.7700
5.4200
 
 
REVENUE RM10.570 Billions and Profit Rm1.956 Billions or 18.5% (So so only)
5 Year Price Chart

RHB BANK BERHAD (1066)


RHB BANK BERHAD (1066) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dropped from Rm5.78 to Rm5.30 (Or down 8%?).  NTA is Rm5.77 (So so only?)
 
6) MAYBANK

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
11,785,637
11,245,611
45,580,310
44,657,902
2 Profit/(loss) before tax
2,926,148
2,873,005
10,098,096
8,844,450
3 Profit/(loss) for the period
2,251,084
2,450,073
7,796,874
6,963,892
4 Profit/(loss) attributable to ordinary equity holders of the parent
2,132,099
2,360,598
7,520,542
6,742,992
5 Basic earnings/(loss) per share (Subunit)
19.93
23.19
72.04
67.84
6 Proposed/Declared dividend per share (Subunit)
32.00
32.00
55.00
52.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
6.7690
6.7217
 
Amazing Rm45.58 BILLIONS REVENUE AND PROFIT RM7.796 BILLIONS OR 17% PROFIT? That's Average only?)
Maybank like Public & Hong Leong are way above NTA. 

MALAYAN BANKING BERHAD (1155)


MALAYAN BANKING BHD (1155) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From Rm8.82 to Rm10.40 or up 18.1% (Note: Maybank gives good dividends)
 
 
 
7) CIMB BANK 

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
4,515,495
4,313,124
17,626,496
16,065,255
2 Profit/(loss) before tax
1,535,379
1,211,654
6,109,985
4,884,144
3 Profit/(loss) for the period
1,093,391
878,421
4,607,966
3,632,957
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,060,229
854,385
4,475,175
3,564,190
5 Basic earnings/(loss) per share (Subunit)
11.57
9.67
49.63
41.02
6 Proposed/Declared dividend per share (Subunit)
12.00
12.00
25.00
20.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
5.2296
5.1090
 
 
REVENUE IS RM17.626 Billions and Profit Rm4.475 Billions or 25.3% (Better than MayBank)
Again CIMB is selling above NTA

CIMB GROUP HOLDINGS BERHAD (1023)


CIMB GROUP HOLDINGS BERHAD (1023) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
From Rm8.25 to Rm7.20 a drop of 13%. 
 
From here we can see that
HONG LEONG BANK MADE 82%
AFFIN BANK 27.9%
PUBLIC BANK 26%
CIMB BANK AT 25.3%
RHB BANK 18.5%
MAYBANK 17%
AMBANK 15%
 
Let's Continue With Another Few Entities Dealing With Monies
 
8) RCE CAPITAL (The Legalised Ah Long)

UMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
63,997
57,982
182,664
166,077
2 Profit/(loss) before tax
29,987
23,702
87,300
72,635
3 Profit/(loss) for the period
22,916
21,774
65,659
57,704
4 Profit/(loss) attributable to ordinary equity holders of the parent
22,916
21,774
65,659
57,704
5 Basic earnings/(loss) per share (Subunit)
6.71
6.52
19.30
17.56
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
3.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.4500
1.3100

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence
 
REVENUE RM185 Millions and Profit Rm65.6 Millions or 35% (Good)
Let's See 5 Year Share Price
 

RCE CAPITAL BERHAD (9296)


RCE CAPITAL BHD (9296) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Started at 77 Sen And Closed at Rm1.30 or up 68%
Note: There was Capital Exercise when RceCap was Rm2.75 when it gave a 7.5 Sen Capital Repayment & after Ex price of 20 Sen RceCap consolidated from 4 shares to One.
So 20 sen x 4 = 80 sen each.
After which RecCap doubled in price and up 100% when Calvin called for a sell. 
Chun chun buy call was 27.5 Sen
See My Buy Call For RceCap on January 2014 (4 Years ago) 
 
Posted by calvintaneng > Jan 8, 2014 10:27 AM Report Abuse X
ycl4226,

Rcecap belongs to AMINVESTMENT Bank. It Has A Forward P/E of 7.5. Trading at a 50% discount to NTA. Gives a yearly 15% dividend. And Company exercise consistent share buyback at 26.5 cts to 27 cents.

With the recent price rise of petrol, sugar, toll rates, GST and electricity tariff many people's finances will be squeezed. Many will find it hard to make ends meet in tough times.
So pawn shops & Ah Longs should proliferate.

One legalised Ah Long is Rcecap. Rcecap like MBSB gives loans at higher rates. In Rcecap case it gives loan mostly to Govt Servants. And payment is by monthly salary deduction.
Under these circumstances I think Rcecap should do well 
 
Best Regards,

Calvin Tan from PM Corp & MUI Berhad Forums
 
Posted by calvintaneng > Jan 15, 2014 10:11 AM Report Abuse 
X
Smartly,

Yes. You are smart to notice write off of bad loans. Unlike roadside illegal "Ah Longs" RCE CAPITAL Is a Registered Entity With Bank Negara. As such all delinquent borrowers who default RCECAP Loans Are Black Listed By Bank Negara for Life.

A check with FIS (Finance & Insurance Services) will bar them from future borrowings for forever. At worse their passports may be impounded. So RCECap has a built in defense against losses.

RCECAP Is the Only Finance Laggard Overlooked by the Market. TA Securities Is DUMB ENOUGH To Call For A Sell. Datuk Hashim is buying up RCECAP.
 
(NOTE : THE SECRET WAS TO FOLLOW DATUK HASHIM BUY RCECAP. ALWAYS FOLOW INSIDERS WHERE THEY BUY OR PUT THEIR MONEY : Calvin March 11, 2018)
 
Posted by calvintaneng > Jan 18, 2014 10:07 PM Report Abuse 
X
TheOneZ,

Just follow Dato' Hashim of AMBANK. When you see share buyback at 26.5 to 27.5 try to buy some around 27 cents. Now he is buying between 28.5 to 29.5. Try to get some lower than him at 28.5 cents.

I think buying behind Company share buyback is safe. Try to get some on weakness before it crosses 30 cents. Don't chase over 50 cents when Edgedaily or Focus Magazine do a special write up on it.

Best Regards
 
Posted by calvintaneng > Jul 12, 2014 05:11 PM Report Abuse 
X
AyamTua,

This RceCap is the best growing Banking Stock. Dato Hashim of AMBANK own this. Share buy back will continue to propel this counter upward. As interest rate has increased RceCap will make even more money.

My Johor buddies followed me to buy at 26 cts. He took his profit too soon. Waiting for price to weaken and enter again. Instead this RoCket cap fly up higher and higher. Anyway, time to let others make some. This counter has Strong Fundamental while sumatech is speculative.

For this RoCketCap you can keep longer term but for sumatech you have to sell into euphoria or later get eaten by sumatran techo tiger for dinner.
 
Posted by speakup > Jul 12, 2014 10:59 PM Report Abuse 
Calvin is right. RCECAP is a hidden-gem.
 
 
(2 CHUN CHUN CALLS ON JULY 12 2014: RoCket can still fly up. RceCap later flew to a high of Rm1.90. Have to sell sumatech which later crashed from 60 Sen to 6 Sen - Crashed 90%)
 
Now question is? If RceCap so good why should Calvin called for a sell at Rm1.60?
My Answer is this
RceCap at 27.5 Sen has NTA of over 50 Sen (SO THERE IS MARGIN OF SAFETY AS IT WAS SELLING AT 45% DISCOUNT TO NTA.) GREAT SIFU BENJAMIN GRAHAM ASKED FOR AT LEAST 30% DISCOUNT TO NTA
Those who failed to heed Calvin's call to take profit at Rm1.60 chased it to Rm1.90
Now RceCap closed at Rm1.30 (Down 32% from peak of Rm1.90!)
 
9) AEON CREDIT

SUMMARY OF KEY FINANCIAL INFORMATION 30 Nov 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Nov 2017
30 Nov 2016
30 Nov 2017
30 Nov 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
312,345
280,347
925,949
811,113
2 Profit/(loss) before tax
95,307
90,807
292,969
248,098
3 Profit/(loss) for the period
70,552
67,053
217,749
184,974
4 Profit/(loss) attributable to ordinary equity holders of the parent
70,552
67,053
217,749
184,974
5 Basic earnings/(loss) per share (Subunit)
28.86
27.32
112.30
94.50
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
21.13
30.50
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
6.0400
6.6300
 
REVENUE RM925.9  Millions and Profit Rm217.7 Millions or 23.5% 
Let's see 5 year price chart

AEON CREDIT SERVICE (M) BERHAD (5139)


AEON CREDIT SERVICE (M) BHD (5139) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Up from Rm2.00 to Rm14.00 or 600% (Impressive. I think price is overdone on the upside as risk is now real due to GST & high inflation. Time to take profit or it might suffer the same fate like RceCap) Aoen Credit at Rm14.00 is selling way above its NTA of Rm6.04 (No margin of safety at all!)
 
10) TA ENTERPRIZE

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
272,816
248,011
1,064,502
842,538
2 Profit/(loss) before tax
18,458
246,244
301,100
247,010
3 Profit/(loss) for the period
-3,156
269,268
270,843
250,816
4 Profit/(loss) attributable to ordinary equity holders of the parent
9,288
181,036
215,781
157,563
5 Basic earnings/(loss) per share (Subunit)
0.54
10.58
12.60
9.20
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.4500
1.3900
 
REVENUE RM1.064 Billions profit Rm270.8 Millions or 25.4%
Let's see its 5 Year Price Chart

TA ENTERPRISE BERHAD (4898)


TA ENTERPRISE BHD (4898) Chart
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Started at 76 Sen and ended at 59 Sen for a drop of 23%
So it's TA a Sell? 
NO! A BIG NO!
CALVIN THINKS TA At 25.4% Growth Rate With NTA of Rm1.45 Is The Best of The Best Buy Now.
 
PRICE IS WHAT YOU PAY
VALUE IS WHAT YOU GET
 
AT 59 SEN WITH NAV OF RM1.45 TA IS SELLING AT A HUGE DISCOUNT OF AMOST 60% TO NTA
TWICE THE 30% MARGIN OF SAFETY REQUIRED BY GREAT SIFU BENJAMIN GRAHAM AT ONLY 30%
TA IS ALSO GROWING AT 25.4% A YEAR OR P/E OF ONLY 3.93
A LOOK AT ITS NTA REVEALS EVEN DEEPER VALUE. 
IT OWNS TAGB 60.1% OR ABOUT 61.7  SEN PER 1.87 SHARE (TA has 1.7 Billions while TAGB has 5.34 Billions shares)
AND TAGB ASSETS ARE ROCK SOLID LANDS, OFFICES, RESORTS, HOTELS & OTHERS STILL AT OLD BOOK VALUE
So when we buy TA Enterprize We Are Actually Getting The Value Back of  1.87 TAGB Shares Worth 61.7 Sen For Each  One TA Share we own
Rest of TA ENTERPRIZE IS FREE
Its Stock Brokering Business is ALL FREE FREE FREE
ITS IPO & CORP EXERCISE  IN THE BUSINESS FOR KLSE 1,000 COMPANIES ALL FREE
ITS MONEY LENDING LICENSE ALL FREE
ITS OTHER ASSETS ALL FREE
ITS OTHER INVESTMENTS ALL FREE
 
YOU PAY 59 SEN TO GET RM1.45 VALUE
OR YOU PAY 59 SEN FOR THE SAME VALUE BEING MATCHED IN TAGB AMD ALL OTHER VALUE ASSETS, VALUE BUSINESSSES, VALUE INVESTMENTS ALL FREE.
 
Now while TA has Deep Value Why Price has not performed this Quarter?
TA made only 0.54 Sen?
THE TRUTH IS THIS 
TA IS MAKING 6.34 SEN THROUGH TAGB.
But Result Was Only in On January 10th 2018
So too late for Feb 2018 (Sept to Dec 2017) Results
6.34 Sen will be inside May 2018 Result (Jan to March 2018 reporting Quarter)
And this good result is due to the sale of Little Bay with Rm342 Millions Profits
In TAGB 6.34 sen at 33 sen price means a 19.2% jump or annualised 19.2 x4 = 76.8% (Of course Asset Disposal is a One off & you don't count it that way.) But it will be good for both TA And TAGB for 2 Reasons. Debts further pared down & lower gearing.
This Cash Surplus of Capital & Profit of Rm774 MILLIONS)  could translate into higher dividend as Trump Hotel in Canada now completed & no more borrowings for Little Bay.
See this CHUN CHUN FIGURE COMING IN FOR MAY 2018 ACCOUNT!
 
SEE LITTLE BAY SALE FROM LATEST QUARTER RESULT OF TA GLOBAL UNDER 
B3 PROPERTY DEVELOPMENT (Refer to TA Report)
In January 2018, the Group concluded the disposal of the remaining undeveloped lands located at Little Bay, New South Wales, Australia by TA Little Bay Pty Limited, a subsidiary of TA Global Berhad for a cash consideration of AUD245.0 million (approximately RM774.0 million). The estimated pre-tax disposal gain of AUD104.0 million (approximately RM342.0 million) will be a significant contribution to the cash-flows and profitability of the Group for the financial year 2018.
Above all after March 2018 TA is entering New Growth Phase as Govt will
a) Remove Stamp Duty For 2nd & 3rd Liners
b) Allow short selling
c) Easing Margin
d) Educate Malaysians in investments for retirements
e) Cross Border Trading with Spore SGV early next year
Others. 
That is Why TA is a hidden gem overlooked. Buying TA ENTERPRIZE AT 59 SEN NOW IS JUST LIKE BUYING RCECAP WHEN IT WAS 27.5 SEN
IT IS LATENT & PREGNANT WITH GREAT VALUE!! THEREFORE IT IS POTENT IN POWER TO BE ANOTHER GREAT GROWTH STOCK
 
Warm Regards
Calvin Tan Research, Singapore
 
FURTHER NOTE:
 
(NOTE : THE SECRET WAS TO FOLLOW DATUK HASHIM BUY RCECAP AT 27.5 SEN . ALWAYS FOLOW INSIDERS WHERE THEY BUY OR PUT THEIR MONEY : Calvin March 11, 2018)
 
SO THE SECRET NOW IS THIS
TONY TIAH HAS BEEN BUYING TA SHARES AND NOT SELLING ANY
MEANWHILE TONY TIAH IS BUYING AND BUYING TAGB SHARES LIKE NO TOMORROW. TA & TONY TIAH ALREADY BOUGHT NEAR 75% OF TAGB SHARES. ANY MORE BUYING MIGHT TRIGGER MGO (Mandatory General Offer) Or Else TA might give TAGB shares as dividends.



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