Tanjong – Nine-month net profit 550.704 million (increased 26.66%)

As expected… Tanjong 3rd quarter revenue is about the same as last year ~ RM985,175,000 (RM986,513,000 on year 2008). However the net profit @ RM177,763,000 compare to year 2008 @ RM97,127,000. And Tanjong declares same dividend at 17.50 cents.

Tanjong stock price from 1 October 2009 to 11 December 2009

I mentioned that Tanjong plc can go pass RM16.00 on last quarter result announcement. I did not manage to buy it again after sold at RM16.66. Will Tanjong go up again? Should I buy again like last time?

By the way, the latest dividend info.
Entitlement Date and Time: 04/01/2010 05:00 PM
EX Date: 30/12/2009
Payment Date: 15/01/2010

  • With the PE of more than 10 and if it sustains its earning in next quater, I guess it would go up > RM18.00… just my 2 cents.. ha

  • I will go in when the PE is at below 14, meaning that the when the price is at rm16.10, it shall trigger a BUY call for me.

    • Yeah… Let’s wait for it. Will buy again when it below RM16.00. Even better below RM15.50 (but this price hard to reach if no temp economy crisis)

      • rm16 before the dividend ex-date will be a good buy. Let see.