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): 477.94

FY22 Gross Dividend Yield : 5.1%
P/NTA: 0.65 x
EV/EBITDA (trailing):7.84 x
PE Ratio(trailing): 10.7 x

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