Trade this stock and receive a FREE I3investor T-shirt after 5 trades. Forex holdings channel : KENANGA, Price Call : SELL, Price Target : 0.
Source : HLG, Price Call : HOLD, Price Target : 1. It operates through three segments namely Logistics and warehousing services, Investment and Property development. 71 and cut loss at 1. Luckily, else really stay in hotel liao. This counter is the worst, bought 1. 50 level and drop like no tomolowhat is the problembetter goes for 50c lah.
Weird hor seems like business is going well for them. A drop of more than 600 points in the Dow is very, very normal, since DJ up from16k point to 26 k point. The coming quarter should be a disaster to TNL. No significant contribution from Property Segment. Pinetree Marina Project is towards tail end. The logistic service takes year to generate income.
I think will drop further, the property segment not more pipeline and no more new project. The potential counter should be Wong Engineering Corp Berhad. I suspect they are going to inject the properties and land bank to Wong as according to business weekly magazine. Tiong Nam financial should be koyak, China tycoon prefer GDEX, POS Malaysia instead of Tiong Nam. I think the share price shall drop further to below RM1.
Then, TNL can go for private placement. 00 then the subscription is merely RM0. I think this is very possible. Good luck guys,my advice is to avoid this counter.
Can consider to buy if the price break the support level to below RM1. If everything goes on accordingly, TN should be able to reap profits from cross-border logistic moving forward. Revenue from logistics and warehouse continue to increase with new contracts being secured. Myanmar cross-border operations has turned profitable in 3QFY18. Anyone knows who are Tiong Nam’s customers for their logistics and warehousing division? Read somewhere mentioning Amway is one of their key customer. There are 2 main operations from logistic player’s perspective- transport and warehouse.
Transport is pretty much everyone’s cup of tea – small individual owner to last mile delivery companies. This space is quite crowded and cut throat. Warehouse is TNLOGIS’s competitive advantage and it has very high entry barrier for competitors. In addition, I am also attracted to their strategic landbank which is pending right moment to be monetized. Joker SBB with 1,000 units purchased.