Oh my God!!! Is this true? Tanjong PLC gets RM21.80 per share buyout offer. 24% increase from the last price RM17.58. I am still waiting for Bursa Malaysia announcement. But saw this one from Reuters. Tanjong PLC to be delisted. 
Tanjong PLC was suspended yesterday. Suspended for 3 days. Will resume trading after official corporal announcement. What is then announcement then?
Based on Reuters, Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong PLC TJLP.KL for RM20.50 a share. It this true? Or he will split the power division and gaming division?
Let’s wait and see…
Yup, if you are Tanjong PLC and Measat Global Berhad shareholder. You must be wondering why Tanjong and Measat are suspended (or maybe you have insider news already). Based on Bursa Malaysia, both of the companies have been suspended with effect from 9.00 a.m., Wednesday, 28 July 2010, pending an announcement…
It is good or bad? Let me know. 
Tanjong (2267) at Take Profit based on charts with downside targets at RM17.33, then RM16.28. Tanjong recently made a weekly Wave 5 high of RM19.12 with grossly overbought, bearish divergent signals. On upside, resistance eyed at RM17.80, then MYR19.12.
Well… This is the technical view from Maybank Investment Bank.
Tanjong PLC last 4 months stock price
Tanjong PLC stock price dropped below the price ~ RM17.74 at Tanjong latest financial report. Tanjong PLC 12 months target price from OSK Research ~ RM18.60 (14/12/09), Maybank Research ~ RM19.10 (25/03/10) and S&P ~ RM20.00 (25/03/10).
Will Tanjong PLC continue to drop until RM16.28? If it does, that will be a very attractive price to dive in again.
Tanjong PLC ~ financial year end net profit 676.773 million (increased 45.93%)
24 Mar
Posted by spBlogger as Stock
The latest financial result from Tanjong PLC is out. Tanjong managed to get financial year end net profit increased 45.93% to 676.773 million.
Tanjong PLC last 3 months stock price
Tanjong stock price had been floating around RM17.00 to RM18.00 for the last 3 months. Will the latest financial announcement help it to break RM18.00 and go up until RM19.00-RM20.00 level? By the way, Tanjong declared fourth interim dividend of 17.5 cents per share (EX date: 14/04/2010, payment date: 30/04/2010) and a final dividend of 30 cents per share (EX date: 28/07/2010, payment date: 13/08/2010).
Is Tanjong PLC still a value stock to buy? Based on current stock price at RM17.74, RM1.00 dividend will bring you 5.63% return in 1 year. It is still better than 2.6-2.8% fixed deposit rate. The question to me, should I top up? Hmm… I think it’s time for me to find other value stocks to invest. Need to study hard…
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