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tan chong means "waiting to cheong" ??? :-)
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shk363
Master |
02-Dec-2024 11:59
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potential value play. | ||
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Ftyeng
Senior |
06-Apr-2023 11:01
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Dividend payout: HK$0,075/share ( https://www.tanchong.com/en/investor_relations.aspx ). Current min price existing shareholders willing to dispose of their shares: > = HL$1.98 (most of the times ) Payout ratio : 3.788% Shareholders' Approval Date : 25 May 2023 ex-Date : 31 May 2023 Payout date : 21 Jun 2023 Financial Report (FY2022) : https://www.tanchong.com/downloads/announcements_notices/2023032700546.pdf . |
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PhillipTan
Supreme |
24-Aug-2021 22:32
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Tan Chong swings to profit in H1 2021, but expects car business to stay challengingAuto dealer Tan Chong International reported earnings of HK$78.6 million (S$13.7 million) for the first half of 2021, swinging back into profit following a HK$46.1 million net loss in the same period last year.The company' s revenue for the period was nearly HK$6.2 billion, an increase of 6 per cent from that in the first half of 2020, according to its interim results for the six months ended June 30. Its directors have declared an interim dividend of 1.5 Hong Kong cent per share for H1 2021. Tan Chong said the automotive business of the group remains challenging, with the business environment remaining fluid amid new strains of Covid-19 as well as geopolitical factors. It added that measures to curb Covid-19, including lockdowns, had caused " almost total suspension" of the group' s operations in several of the 11 Asia-Pacific markets in which it operates. However, its non-automotive segment was " satisfactory" , helped by the disposal gain in one of the group' s properties in Singapore that it no longer requires, the mainboard-listed company said. Net asset per share as of June 30 was HK$5.95, a decrease from the HK$6.05 recorded end-December 2020. In Singapore, the group' s Subaru business continues to be affected by stringent vehicle emission surcharges, Tan Chong said. It recorded a " double-digit decline" in sales volume from the figure in the same period last year, and H2 is likely to be " equally challenging" with a shrinking Certificate of Entitlement quota, the company added. Sales of Subaru grew in Hong Kong, the market least affected by Covid-19 in the region. Its car business declined in China, Taiwan and the Philippines in H1, but it is expecting recovery in the second half of the year. Similarly, its business in Thailand and Malaysia should improve in H2 after taking a dip in H1 recovery in Vietnam and Cambodia is expected to be slow. It is less optimistic about its transportation logistics operations in Japan, where it is represented by Zero. Revenue and net profit fell 12 per cent and 72 per cent in H1, compared with the corresponding period last year. Despite a gradual recovery from the impact of Covid-19, Zero is expecting sales revenue to decrease in its next financial year due to the semiconductor shortage, as well as the proliferation of the Delta variant of Covid-19. Tan Chong expects to have to deal with " increased risk" in the region' s geopolitical and global trade environment. " Together with the rapidly-changing automotive industry safety, vehicle emissions policies and swift progression towards greener vehicles, challenges to the group' s main vehicle businesses remain," the company said. It added that another potential threat is the trend of people seeking ride-hailing services rather than buying their own vehicles. At the same time, the fluidity wrought by Covid-19 prevents the group from making a " meaningful prediction" of the full financial impact to its overall performance this year, it said. " The group wishes to highlight that a prolonged and severe Covid-19 crisis will have a material effect on the group' s year-end results," it added. Tan Chong shares closed flat at HK$2.05 on Tuesday. |
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PhillipTan
Supreme |
08-Jul-2021 22:42
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Tan Chong expects to swing into profit of HK$60m for H1 from HK$46 million lossAuto dealer Tan Chong International sees an after-tax profit of HK$60 million (S$10.5 million) for the half-year ended June, swinging from a HK$46 million loss for the corresponding period a year ago.In its guidance statement filed to the Stock Exchange of Hong Kong where it is listed, Tan Chong International also flagged a possible unaudited unrealised loss on its investments designated as at fair value through other comprehensive income. The company issued such guidance after a preliminary review of its interim financial results that are not complete, it said in the statement on Thursday. The company had disposed of a surplus property in Singapore, and the gains had improved its bottom line " substantially" . In contrast, the company said its listed investments would be expected to chalk up HK$1.4 million in marked-to-market unrealised loss due to share price changes. But its unrealised loss was HK$398 million for the corresponding six months period in 2020. The company will report this loss in the group' s other comprehensive income statement, and it is not expected to be reclassified to its consolidated statement of profit or loss when it publishes its financial results by end of August. The counter ended unchanged at HK$2.04 on Thursday, before the profit guidance was issued. |
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Goldfinger
Supreme |
25-Jun-2017 09:45
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I don't recall Tuan Sing has UK assets. If they get rid of their secondary tech, retail and manufacturing business through restructuring they may be better recognised as a pure property play. They were big in China before but have receded of late.
Anyway I hold Tan Chong too and their value won't be realised unless they sell out or the HK market goes ballistic and someone plays this counter there since this is a secondary listing to HK. Else if they redevelop Wilby or one of their showrooms. All 3 are stingy on dividends.
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Goldfinger
Supreme |
25-Jun-2017 09:40
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Actually the crown jewel for Tuan Sing is Robinson Towers and their Aussie Hyatt hotels and Robinson Point. It's severely undervalued in my view. And I hold a lot. A lot. Including from rights shares below 10cts from eons ago. What I don't like is their measly dividend policy.
Ho Bee's crown jewel is the Metropolis. Both are terribly savvy in buying cheap land and should just privatised or sell out. Both like to hold onto their listed status. So Long holders like me have no choice but to play the waiting game. I would be insane to sell them at such prices.
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LEXUSLS460
Member |
25-Jun-2017 02:17
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My view as i hold both Tuan Sing and Ho Bee, 1) They both have some gearing relative to their captial and reserve. 2) They land bank is mostly overseas especially UK. 3) Their local land bank are newly acquired... meaning book value near current market prices. 4) Their landbank lack the size for potential suitors to purse Tan Chong > 800,000 square feet freehold land in Bukit Timah. Just my view... |
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Goldfinger
Supreme |
24-Jun-2017 19:36
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Personally, my view is that if the property market is in recovery phase - best to hang on for the ride, as for other deeply undervalued prop counters like Tuan Sing, Ho Bee etc with some landbank as the values will increase with the market recovery - no? | ||
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LEXUSLS460
Member |
24-Jun-2017 00:06
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Tan Chong could be a target like UIC that invoive share swap with property counter like Capitalland which need their landbank and service apartment by realising Tan Chong full RNAV of HK 7.00 which is win win for Tan chong Bhd and Capitalland as they can get the landbank and sell the automotive business back to them at an agreed price. Tan Chong do not need their bukit Timah or Queen street showroom as they already have leng kee, Ubi as well as Toa Payoh showroom which more than meet their operation needs. |
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LEXUSLS460
Member |
12-Jun-2017 11:06
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They also owned wibly residence behind their show room which is reap for redevelopment. |
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Goldfinger
Supreme |
10-Jun-2017 08:58
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Actually - just passed their prime Bkt Timah land site on the way to a tennis game. It's indeed big enough to build 2-3 condo sized plots Good land bank when the property market revives. | ||
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Goldfinger
Supreme |
10-Jun-2017 06:52
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I only care if they then give special dividend. But the again young Glen is showing some good business sense with Subaru I thought.
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LEXUSLS460
Member |
10-Jun-2017 04:04
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If any property agent like JLL were to propose for Tan Chong to sell their Bukit Timah showroom( 2 plot of land exceeding 400,000 Sq feet) @S1,000.00 per square foot based on plot ratio of 1.4, it will means selling price of exceeding S$560 million or HK$3.1 billion which will bring the counter to net cash position while not affecting the normal Nissan/ Subaru operation as they have more than enough showroom cum workshop in Alexandra, Ubi and Toa Payoh area. | ||
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guoyanyunyan
Supreme |
13-Mar-2014 09:03
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...how often one get to see such announcement: POSITIVE PROFIT ALERT  ...
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