In the last 5-6 months, Dijaya has acquired 569 acres of land in Klang Valley and Johor to bring its total land bank to 708 acres, including an one-acre freehold land at Jalan Sultan Ismail! Overall, it is estimated to give a GDV of RM18 billion to the company in the next 8-10 years.
According to CEO Danny Tan, Dijaya is targeting sales of RM500mil for FY2011, RM820mil in FY2012 and RM1.24bil in FY2013. As at September 2011, the company has unbilled sales of RM472mil. However, its revenue in 1H2011 is only at RM128 million.
Dijaya plans to launch RM800mil worth of new projects this year, RM1bil next year and RM1.3bil in 2013.
| Date | Projects | Location | Type | GDV RM |
| Nov 2011 | Tropicana Avenue | Petaling Jaya | Commoercial | 412 mil |
| Dec 2011 | Tropicana Danga Bay | Johor | Mixed | 3.8 bil |
| Early 2012 | Tropicana Cheras | Sg Long | Residential | 185 mil |
| 1H 2012 | Tropicana Danga Cove | Johor | Mixed | 2.8 bil |
| June 2012 | Tropicana Hills | Subang | Mixed | 3.5 bil |
| June 2012 | Tropicana Bayou | Balakong | Residential | 400 mil |
| 2H 2012 | Tropicana Gardens | Kota Damansara | Mixed | 1.8 bil |
Tropicana Danga Bay - masterplan
These are just plans. We may have heard before that Dijaya plans to launch some of the above projects this year and now they have been postponed to next year. If the world economy is slow to recover, they may be postponed again.
| RM mil | Revenue | Net Profit |
| 2006 | 180 | 41 |
| 2007 | 254 | 49 |
| 2008 | 247 | 33 |
| 2009 | 311 | 50 |
| 2010 | 292 | 45 |
For the past 5 years, Dijaya makes decent profit but its revenue and profit are quite stagnant. There is no persistent growth like Mahsing & SP Setia. Nevertheless, the profit margin is quite good.
Now, after "consolidating" for so many years, Dijaya thinks it's time to take off and fly. With its ambition and land on hand, Dijaya might have a bright future if everything goes according to plan.
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