Word from the Management
“Since 1994, Tambun Indah has been a pioneer in bringing innovative development concepts in Mainland Penang. We aim to continue to offer high-quality homes at affordable prices to our customers, as well as create value for our shareholders.”
– Ir. Teh Kiak Seng, Managing Director.
Stock Valuation
Market Cap (RM’mil): 417.11
FY22 Gross Dividend Yield : 4.1%
P/NTA: 0.54 x
EV/EBITDA (trailing):5.52 x
PE Ratio(trailing): 8.0 x
Investor Briefcase
For interactive chart click here
Investment Merits
Attractive proxy to the fast-growing Mainland Penang property market…
- Respected brand name in the Penang property market with an established track record as an innovative and quality developer
- Strong growth catalysts in Penang that will continue to spur property demand, boosted by foreign direct investment and infrastructure projects
- Tambun Indah is a good proxy to the Penang Second economic impact, with its iconic Pearl City township development
- Earnings to be sustained by existing and pipeline projects of approximately RM3.7 billion supported by land banking to diversify outside of Penang if the opportunity arises
- Committed to creating value by constantly seeking market re-rating
- Dividend policy of 40% to 60% of net profit excluding any valuation gain or loss on investment properties for the financial year