3 more new condos near KLCC!!!!!!
................................................

http://biz.thestar.com.my/news/story.asp?file=/2004/2/16/business/7313346&sec=business
From TheStar
TA to be strong player in property


BY ANGIE NG
TA PROPERTIES Sdn Bhd, a wholly owned subsidiary of TA Enterprise Bhd, wants to make a stronger presence in the property sector, especially in the niche residential market, its executive director Datuk Mohamed Abid said.

If the overwhelming response received from buyers for its Damansara Idaman project – a gated and guarded bungalow enclave near Tropicana Golf & Country Club in Petaling Jaya – is an indication of things to come, then TA Properties may be on course for bigger successes.

From the day of its soft launch on Dec 23 last year, all the 21 units under phase one were snapped up within a week. The bungalows were priced from RM2.2mil to RM2.8mil each.

In an interview with StarBiz, Mohamed attributed the decision by the TA management to go big on property to the “right” environment in the country where home ownership is actively encouraged by the government, the easy availability of financing packages and consumers viewing property purchase as a good investment choice, with an annual capital appreciation of between 5% and 8%.

“We have very rich Malaysians who literally stash their cash under their pillows. They are just waiting for the right projects to come along to make their buy. There is, in fact, a growing appetite for well-planned exclusive residential enclaves with good design concepts in good locations,” he said.


Datuk Mohamed Abid (right) and Rabindran Thaver.
Mohamed said all the buyers for the Damansara Idaman bungalows came to know of the project by word of mouth and this reflected the sentiment for such high-end homes.

TA Properties director Rabindran Thaver said the company saw this as a stamp of approval “for what we have set out to achieve in Damansara Idaman and will give our all to make sure the project becomes our showpiece.”

The company has lined up four projects for launch this year, which would keep it busy for the next 5 to 8 years.

“We have very good land bank in prime locations in the Klang Valley, which is good for upmarket residential developments, and are confident of the good response for these projects,” Mohamed said.

A 62-acre parcel along the North-South Expressway in Damansara would be developed into Damansara Idaman, and the 1.5 acre and 1.4 acre plots along Jalan P. Ramlee in Kuala Lumpur would be the sites for TA Two and TA Three high-end condominium blocks.

Another project being considered is a proposed gated community of about 36 luxurious town houses on 3.2 acres along Jalan Beringin in Damansara Heights. The three-storey houses would have built-up areas of between 2,200 and 4,000 sq ft.

TA Two, adjacent to the company's Menara TA One office complex, looks set to be the company's first condominium development if the launch takes place this year.

With a proposed height of about 34 storeys, there would be 240 condominiums with built-up areas of 1,500 to 2,000 sq ft which are priced at about RM450 per sq ft (psf). The penthouse units would be around 3,500 sq ft.

This would be followed closely by TA Three, which offers two blocks of “very exclusive” condominiums, fronting the Kuala Lumpur City Centre (KLCC) twin tower. The condominiums would have built-up areas from 1,500 sq ft, with a price tag from RM500 psf.

For those who have some “stashed-away cash”, they have the opportunity to become owners of the four luxurious duplex units of about 7,500 sq ft, right on top of the twin blocks.


An aerial view of the Damansara Idaman project.
Mohamed said that with these projects, the contribution of TA Properties to the TA Enterprise group earnings would increase to around 15% to 20% in the next three to four years.

At present, the company's contribution is quite nominal, mostly from rental income from Menara TA One and some shop lots in Subang Jaya and UEP-Subang Jaya. The 37-storey Menara TA One with net lettable area of 368,254 sq ft is about 90% occupied and derived annual rental income of about RM5mil.

Its portfolio of properties overseas included the BC Gas Centre in Vancouver, Canada; TA Centre building in Johannesburg, South Africa; and the 363-room five-star Radisson Plaza Hotel in Sydney, Australia.

For the financial year ended Jan 31, 2003, TA Enterprise's net profit rose to RM15.8mil from RM10.4mil previously but revenue was down to RM150mil from RM192.6mil.

Mohamed said that although TA Properties had very strategic land banks, acquired before the regional financial crisis in 1997, “we considered ourselves lucky not to have launched the projects earlier, as we would have been caught like many others when the crisis hit the country.”

“In hindsight, this has been a blessing as with the economic recovery and bullish market sentiment now, we feel this year is the best year to launch our projects.

“With the land free of encumbrances, we also have the flexibility to adjust to the best timing to get the best response for our properties.”

The company also owned 1,013 acres in Bukit Beruntung, 95 acres in Kluang, Johor, and 5 acres in Ipoh, Fraser Hills and Port Dickson. Rabindran said the company was on the look out to expand its land bank in strategic areas in the Klang Valley.

“The best choice will be land of sizes between 60 and 70 acres which will be good for niche residential development, including those in the price range from RM500,000.”

The firm kicked off its first property project in 1995 - the Pandanmaran Industrial Park in Klang - which comprised mainly light industrial factories and shop lots.

To develop the remaining phases of the project into low-cost apartments and double-storey link houses, it has entered into a joint venture with Mixwell (M) Sdn Bhd, a unit of Siah Brothers Corp Bhd.

Originally posted by baqthier

TA Two, adjacent to the company's Menara TA One office complex, looks set to be the company's first condominium development if the launch takes place this year.

With a proposed height of about 34 storeys, there would be 240 condominiums with built-up areas of 1,500 to 2,000 sq ft which are priced at about RM450 per sq ft (psf). The penthouse units would be around 3,500 sq ft.

This would be followed closely by TA Three, which offers two blocks of “very exclusive” condominiums, fronting the Kuala Lumpur City Centre (KLCC) twin tower. The condominiums would have built-up areas from 1,500 sq ft, with a price tag from RM500 psf.

For those who have some “stashed-away cash”, they have the opportunity to become owners of the four luxurious duplex units of about 7,500 sq ft, right on top of the twin blocks.



still got land ke at that area? where to build TA2 and TA3 :?

wah KLCC will have many condominium in the future...cool...hope they can built them taller;) over 50 stories:D

will ken yeang design them as well??

Originally posted by TYW

will ken yeang design them as well??

I really really really hope!

Originally posted by ZaHiRnYa???

still got land ke at that area? where to build TA2 and TA3 :?

got what....so many empty land next to TA1......hope they fill up all of em! ;)

Originally posted by TYW

will ken yeang design them as well??


Me like what Baq said : " I really really really hope!" :D

Originally posted by szehoong

got what....so many empty land next to TA1......hope they fill up all of em! ;)

Ada ke? Tak perasan pun :?

Soon KL will be a 'really' densed skyline!:D
I think the Towers are designed by Kean Yeang.I've seen the rendering for TA2 bfor.If not mistaken its gonna based on oganic design.

Originally posted by TYW

will ken yeang design them as well??

Hmm...why everybody seem to have this idea that Ken Yeang will design the TA2 and TA3. Did he design the original TA Tower then ?

Originally posted by ZaHiRnYa???

Hmm...why everybody seem to have this idea that Ken Yeang will design the TA2 and TA3. Did he design the original TA Tower then ?

yes! he did design it;)

Any news or activity? ;)
Well it is said that it will be launched this year..hope not as late as december heheh

Any news or activity? ;)
Well it is said that it will be launched this year..hope not as late as december heheh

Why it cannot be launch in December :? Any significant reason on your behalf ke ;)

TA3 will have 45 floors!

Appetite for the high life in KL

Property developers see lifestyle, comfort and facilities as key factors likely to woo well-heeled buyers aged 35 and over, says DIANA OON ABDULLAH

MALAYSIANS with cash in hand and a propensity to spend on property are going to deliver the next big push for the residential property market in the Klang Valley, particularly for higher-end inner city developments, property consultants say.


Looking good: analysts see promising times ahead for the residential property sector in Kuala Lumpur and its suburbs

Inner city residential developments in the Klang Valley would do well to target the mature market of buyers aged 35 and over, where affordability is not a key issue but matters of lifestyle, comfort and facilities are what get the buyers, said Fahariah Abdul Wahab, research director with property consultants Henry Butcher, Lim & Long at a recent conference in Kuala Lumpur on the Malaysian property market.

'It is the 40-something to 60-something buyers with cash to spend and no concerns over expenses as matters like children's' education have been taken care of, who can and will spend on good investment properties,' noted Lim Eng Chong, director at Henry Butcher in Kuala Lumpur.

Developers seeking to cater to the appetite of local investors for property in the immediate city area of Kuala Lumpur have offered both small and mid-sized luxury apartments which have found buyers despite apparently prohibitive price tags starting at above RM500,000 (S$225,500) and going as high as RM2.5 million each.

Last year saw an almost complete sell-out of Stonor Park, a 71-unit twin-block development on Pesiaran Stonor, in the vicinity of what is the 40-hectare Kuala Lumpur City Centre (KLCC) development.

The advantages of being at the doorstep of the 88-storey Petronas Twin Towers, the KLCC park and Suria KLCC mall as well as having the many commercial buildings and bank offices literally a stone's throw away persuaded buyers to part with sums starting from RM1.5 million to RM2.5 million for apartments between 2,300 and 3,300 sq ft in size.

Swift take-up

Other new additions to the KLCC skyline include the Marc, another twin block high-rise development that will have over 550 apartments when completed.

Again, take-up for the first 279 units launched in the first block offered for sale last year was swift and certain, with the 16 larger-sized units prices at between RM2.4 million and RM2.7 million proving very popular.

Developers of the Marc are said to be considering opening the second block in the development for sale to individuals this year, changing a previous plan to sell it en-bloc to an institutional investor to be managed as serviced apartments.

The biggest offering in terms of inner city apartments this year will undoubtedly be the launch of the KLCC Holdings' 161-unit luxury development, which will offer units between 2,200 sq ft and 3,700 sq ft in size.

The target launch date has been moved from the first quarter of this year to somewhere towards the middle of this year, the developers said, due to delays in completing the project's show units.

Buoyant market

Observers note, however, that the pattern of pricing for inner city projects suggest that a later launch could mean a more buoyant market and therefore, pricing higher than even the rumoured RM1,000 psf asking price that KLCC Holdings is said to be looking at.

'The time seems right to be getting into the market. Our ringgit is undervalued by almost 15 per cent, according to currency experts, and prices have not moved substantially in the last three years. Some movement upwards in the last six months suggests that we are at the start of an up-cycle,' said Henry Butcher's Mr Lim.

Another developer banking on the attraction of living near KLCC is TA Properties, which is planning its maiden high-rise condominium project, TA III on Jalan P Ramlee, on a one-hectare site facing Suria KLCC.

A 45-storey development offering units between 1,600 and 1,800 sq ft is currently seeking planning approvals, and a launch could happen late this year or early next year, said TA III project manager John Lee.

'We have been studying the trend, that people are looking for living space in KL city. Previously they wanted homes in the suburbs, but now, with traffic increasing the time taken for the daily commute, more people appear to want to live in the city. We are targeting young executives, locals and foreigners alike,' he said, adding that based on present market conditions selling prices for TA III might be around RM400 to RM600 psf.

On the other hand, there are those who hold the view that buyers will still move outwards into suburbs, as long as they offer integrated facilities - that is, commercial offices alongside retail malls and residential homes. In fact, this is the trend that ReGroup Associates research director Iskandar Ismail perceives in the Klang Valley residential market.

'It is about moving the centre of activity. A housing development which offers buyers a place to live, work and play without the long commute will do well,' he said, noting that the prime suburb Damansara was the first to offer that concept. This is now being extended to Mutiara Damansara, Bandar Utama, and Taman Tun Dr Ismail, adjacent housing developments in Petaling Jaya.

Mutiara Damansara is the newest of the three. Here actual transaction data has recorded homes selling for between RM418,000 and RM473,000 in 2001 and going up to RM420,000-RM550,000 within a year.

Late last year, the project's developer had a queue of 3,000 names for a launch of 16 bungalow units in Mutiara Damansara, priced at RM1.6 million to RM1.9 million.

Earlier phase launches of bungalows in the same development went for around RM1.1 million in early 2002.

The entire development site of 143.8 hectares also houses major retail complexes, including a 360,000 sq ft Ikea, the chain's biggest store in Asia, and the 420,000 sq ft Ikano Power Centre. Alongside that, there will also be commercial development in 20 commercial lots adjacent to the retail developments in Mutiara Damansara.

The combination of retail, commercial and residential space, and the accompanying ancillary services, in one accessible location is something that will draw both local and expatriate communities, Dr Iskandar said, making homes in Mutiara Damansara attractive to end-users and investors.

Suddenly so quiet. Any progress? :D

Nothing at the moment yet. :ohno:

Ermm... actualli which part of klcc..?? im not veri firmiliar wit the road names in kl or klcc~ anyway~ hope they start this project soon~ it sure will make klcc skyline much denser~ :okay:

anyone got rendering?i remember it looks very modern and environmental friendly.

if anyone goes to page one or kinokuniya,look for a book called worlds tallest buildings.It was published around year 2001.in there you can see the TA 2 and 3

Wow, so many more high-rise condos? KL will soon have a very Central Park-like skyline around the KLCC area!

I hope that the first condo above 50-storeys will be built sometime in the future... Maybe even match the height of the current world's tallest condo, the Eureka Towers in Melbourne (90-storeys)!

View from top of Menara TA one

http://www.sariederer.com/SARiederer%20Consulting/images/Photograph%20images/Menara%20TA%20One/ta1_1.jpg

wow it's even completed earlier than Menara Dion!

Read an article in "The Edge" that TA Properties is about to kick-off Menara TA 2 and TA 3 shortly. They advertised another one of their property projects, but the advert contained a small window with two massive joint condominiums. I am not sure if this was only a mock-up or the real thing.
I try to get in contact with them to find out more. :)

Read an article in "The Edge" (you should make this your duty to read this paper!!!!!!!!!!) that TA Properties is about to kick-off Menara TA 2 and TA 3 shortly. They advertised another one of their property projects, but the advert contained a small window with two massive joint condominiums. I am not sure if this was only a mock-up or the real thing.
I try to get in contact with them to find out more. :)

Extract of the article:
Other than Damansara Idaman, there are also two high-end condominium and service apartment development projects in Kuala Lumpur's golden triangle called TA Two and TA Three.
TA Two is a 34-storey tower block consisting of 230 units, each with a built-up area of 1,500 to 2,000 sq ft. The units are priced from 500 per sq ft.
TA Three is a 45-storey tower block of 262 units, also with a built up area ranging from 1,500 to 2,000 sq ft. TA Three has an indicative price tag of RM700 per sq ft.
It is understood that approvals have yet to be obtained on the actual proposed structures of the buildings, but "they should be obtained soon enough and the gross development value is expected to be several hundred million as well," says the source. The final gross development value of the projects will be dependent on how high the actual buildings are and how many units they will have.

Any activities as seen from the last Menara KL trip guys??

^^^ No need to go up all the way to KL Tower mah cos TA2 is gonna be right opposite the Ramlee Mall entrance of Suria KLCC. :D

Anyway the construction site can't be seen from KL Tower cause blocked by Menara TA One :bash: :D

Read an article in "The Edge" (you should make this your duty to read this paper!!!!!!!!!!) that TA Properties is about to kick-off Menara TA 2 and TA 3 shortly.


Yea....agree with ya on that! :okay:

I buy em all the time ( sometimes missing an issue or two :D ). In fact I was featured in one of their edition .....just for a short interview! :D :banana:

Yea....agree with ya on that! :okay:

I buy em all the time ( sometimes missing an issue or two :D ). In fact I was featured in one of their edition .....just for a short interview! :D :banana:

Really???? Interview on what :? Wah..so bintang popular now :D

^^^ No need to go up all the way to KL Tower mah cos TA2 is gonna be right opposite the Ramlee Mall entrance of Suria KLCC. :D



Wahhh...........:cool: An even better view of PTT :D

Really???? Interview on what :? Wah..so bintang popular now :D


Hahaha....nolah...just a small interview.....for my thoughts on Merdeka and what it meant to me, patriotism and stuffs like that lah. It is just like 1/6 of the page :lol:

2003 Merdeka edition! And they got my name wrong!!! :bash:

any movement so far?

Friday, April 29, 2005

TA planning RM1.1bil launches soon
By Jack Wong

TA Enterprise Bhd is going aggressive in property development, with planned launches of three new projects soon and the new phase development of an existing project with total gross development value (GDV) of some RM1.1bil.

Group executive director Datuk Mohamed Abid said the company expected to launch in August the proposed TA2 project, a 34-storey condominium comprising 248 units, located opposite the Petronas Twin Towers in Kuala Lumpur.

For the proposed TA3 project, comprising two blocks of 43-storey serviced apartments, he said its target launch was next year.

''We intend to build 263 apartment units under TA3,'' Abid said after the launch of TA Securities Holdings Bhd's electronic access facility with permitted activities in Kuching yesterday.

Sarawak Second Finance Minister Datuk Wong Soon Koh officiated at the launch.


TA Securities Holding Bhd Group Exec. Dir. Datuk Mohamed Abid checking on the Electronic Access Facility with Permitted Activities (EAF-PA) after the launching ceremony of TA Securities Holding Bhd 2nd EAF-PA in Kuching.

Abid said the company would launch phase III of its high-end residential bungalow development, Damansara Idaman, in Kuala Lumpur in June.

He said all units in phase I had been sold and about 82% of phase II had been taken up.

''The entire development on 25ha will comprise 136 units priced at between RM2mil and RM3mil each.''

Abid said the company also expected to start another residential project comprising over 160 villas near Mont' Kiara in Kuala Lumpur.

''These projects will keep us busy in the next five years.''

He said the company had land bank of some 525ha, including more than 400ha in Selangor, and the rest in Johor and the Klang Valley.

TA, he said, was scouting for opportunities to increase its land bank.

Besides property development, Abid said TA had investments in an Australian hotel ? 363-room four-star Radisson Plaza Hotel in Sydney's central business district, a commercial building in Rosebank, South Africa, and a commercial building Terasen Centre, in Vancouver, Canada.

TA Securities operations director Yaw Chun Soon said the company would continue to explore opportunities to expand its stockbroking business nationwide.

It now has three branches in Ipoh, Sibu and Kota Baru. It also operates an electronic access facility with permitted activities in Subang Jaya.

No that high. Only 34 storey aje :cry:

Any news about this one...still a parking lot area till now...

Being one of the newest players in the property arena has not stopped TA Properties Sdn Bhd (TAP) from entering a game that its more experienced contemporaries are now in the thick of playing.

Following its successful launch of Damansara Idaman, a gated-and-guarded enclave near the Tropicana Golf and Country Resort in Petaling Jaya, Selangor, the group recently gave PropertyTimes the first look at its latest project in the form of Idaman Residence, a highrise condo smack in the heart of Kuala Lumpur’s Golden Triangle, where the who’s who of real estate are showcasing their latest talents.
“Idaman means aspiration and it’s a theme we’re adopting for our latest luxury development off Jalan P. Ramlee,” said TAP’s executive director Rabindran Thaver.

How fittingly so. With a Gross Development Value of RM260 million, the project is envisaged to be a 34-storey tower featuring 248 units that aspire to be home to those who can afford its prices averaging RM650psf.
At cursory glance, the value might appear intimidating … until it is put into perspective. It puts absolute prices from RM565,000 to RM1.4 million for the standard units; RM680,000 to RM1.4 million for the garden units; and RM2 million to RM4.8 million for the nine duplex penthouses.

And suddenly, the cost to live the high life near the Petronas Twin Towers just became a little more affordable. Unlike the other up-and-coming projects in the vicinity that emphasise on copious amounts of built-up space for their occupants, Idaman Residence stands almost apart in accommodating units of more “intimate” sizes.

With standard units ranging from 845sq ft to 2,170sq ft, it sits in a niche that does not pit it headlong with other projects, insofar as pricing is concerned.

Nevertheless, being the latest gem to take shape in an area that is heralding the era of prestigious inner-city living, it is prepared to do battle in the luxury stakes.

Among those which will see Idaman Residence as “the competition”, said Rabindran, are KLCC Bhd which is offering The Binjai, pegged haughtily above the RM1,000psf mark, as well as Bandar Raya Development Bhd, which is upping the prestige level of the area to celebrity status with its much anticipated The Troika designed by Lord Norman Foster.

Despite being in the presence of the big boys, Rabindran is comfortably confident of his project.

“Anyone who builds anything here is a competitor. And to them, we are a competitor. But we have unique features that will distinguish our name.”

Elaborating, he said the project’s architect, Ken Yeang of T.R. Hamzah & Yeang Sdn Bhd and Datin Alicia Tiah, executive chairman of TA Enterprise Bhd, TAP’s parent company, have given a great amount of attention to personalising Idaman Residence.

For instance, he said, “Datin Alicia played a major role in its concept, creating the super pool and water wall idea”.

Besides these elements, Idaman Residence, spread over 1.45 acres of freehold land, will also earn the distinction of being an “ecologically green project” that will bring out the best in tropical living.

This is where Yeang comes into the picture. Being a world-acclaimed maestro in making such a concept come alive, Rabindran said it was the obvious choice to appoint him.

The architect’s achievements span Europe, the United States and Asia, and at home, they include the 24-storey Menara IBM in Taman Tun Dr Ismail, KL, as well as the 15-storey Menara Mesiniaga in Subang Jaya, Selangor.

On Idaman Residence, Yeang said “it will have its own unique personality”.

“I want to introduce three qualities to the project: It will be beautiful to look at, pleasurable to use and prestigious to own,” he said.

The charm seems to have already taken effect, with a 30 per cent registration already recorded for Idaman Residence since it was opened for registration on June 27. The official launch is scheduled for September.

Rabindran said most of the buyers will be professionals in the 25 to 45 age bracket, and pointed out that their decision to purchase will be either for investment or owner-occupation.

According to him, everything looks like it is right on schedule.

“We applied for the Development Order two years ago, and since we got it in November last year, we’ve been working closely with Yeang to create a condo that’s different from the others.

“The layout had to give a sense of green not only in its design, but in the way it treats airflow and light.

“It’s façade also has to complement the skyline - being close to the Petronas Twin Towers means it has to look the part.”

With TAP letting Yeang do what he does best, what emerged is a floor-plan that is unique and unlike any other in the locale.

“Being green means two things - it will use less energy and it will be naturally ventilated,” Yeang said, adding that “even the staircases will be naturally ventilated, as will the basement car-park and restrooms”.

“Every unit will have a corner window to allow for natural cross ventilation and light, while the balconies will come with sunshade features to counteract the midday heat.”

As a result of his input, the tropical skyscraper will relate well to the climate in terms of sun and rain, but yet retain a modern Zen feel with its clean, simple and sleek features.

Its “oasis in the city feel”, as Yeang describes it, will be complemented by a super pool - 70ft at its widest - as well as a water wall feature. Cascading water flowing from the ceiling to the ground will grace the naturally ventilated entrance lobby, which is also designed along a stretch of water walk.

The four garden units of Idaman Residence, located on the 6th floor above the car-parking levels, will boast extensive gardens with extra large balconies while the duplex penthouses will have roof gardens, in line with the green theme.

A key selling point for Idaman Residence will lie in its accessibility from two entry points: Jalan P. Ramlee or Jalan Ampang.

A stroll away from many of KL’s upscale shopping, fine dining and entertainment outlets, one thing’s for sure - its occupants will be living in a 21st century dream.

no more update?????very very slowla!!!

TA Enterprise rated ‘buy’

Email us your feedback at fd@bizedge.com


TA Enterprise Bhd has been rated a “buy” by Citi Investment Research, with a target price of RM2.38 as it is underpinned by the company’s strong earnings growth prospects and the start of a prime property up-cycle.

“Our target price of RM2.38 implies a fiscal year 2009 (FY2009) price-to-earnings ratio (PER) of 15 times,” it said in a research note on Dec 13. It said that TA Enterprise had unique exposure to both the stockbroking and prime property markets in the country.

The company is expected to post an earnings growth of 45% over the next two years, while its prime property could see an earnings surprise on the upside, given the industry is in the early stages of an up-cycle.

However, the research house cautioned that TA Enterprise earnings could be affected by lower trading volume and external factors such as slow global markets and diminished investor sentiment towards Malaysian equities.

On a quarter on quarter basis, the stockbroking firm’s performance improved due to the recovery of financial receivables or writeback of past provisions of more than RM20 million and a 32% rise in property development profits, TA Enterprise said.

It said the increase in the property development contribution was due to higher recognition on profits on progress of Damansara Idaman Phase 3, Idaman Villas and Idaman Residence.

“Take-up rates for the group’s current projects have been good (average 70%) and given choice locations. We expect these projects to be fully sold by next year,” the research house added.

Nonetheless, it said the average daily volume for TA Enterprise’s stockbroking division for the third quarter ended Oct 31, 2007 (3Q08) fell to RM1.9 billion from RM2.3 billion in (2Q08) even though it more than doubled on year-on-year (YoY) basis.

“We estimate TA Enterprise’s market share improved to 5% for the quarter (2Q2008: 4.5%) due to higher retail participation in the overall market,” it said.

Stockbroking and related activities accounted for 66% of TA Enterprise’s earnings before income tax, according to Citi Research.

It said stock market volumes had also dwindled significantly — now averaging RM1.6 billion per day versus RM2.2 billion per day for the year.

“Nevertheless, we expect two major project launches next year — Bukit Bintang in mid-2008 and TA3 in KLCC by end-2008 — which we believe will drive better stock performance next year,” it said. :banana:

The research house said at RM1.27, TA Enterprise was currently trading below its book value of RM1.49 per share.

so slow :(