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KLSE: PRESBHD       PRESTARIANG BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
1.85 2.74     +0.89 (48.11%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
06/09/2017 1.73 2.87 +1.14 (65.90%) BUY PUBLIC BANK Price Target News
25/08/2017 1.78 2.87 +1.09 (61.24%) BUY PUBLIC BANK Price Target News
19/07/2017 2.39 2.87 +0.48 (20.08%) BUY PUBLIC BANK Price Target News
23/05/2017 2.35 2.87 +0.52 (22.13%) BUY PUBLIC BANK Price Target News
23/05/2017 2.36 2.60 +0.24 (10.17%) BUY AMMB Price Target News


Price Target Research Article/News (past 6 months)
06/09/2017  PUBLIC BANK PRESTARIANG - Second Move In Cloud-based Education
25/08/2017  PUBLIC BANK Prestariang - Expecting A More Robust 2HFY17
19/07/2017  PUBLIC BANK PRESTARIANG - SKIN Concession Agreement Sealed
23/05/2017  PUBLIC BANK Prestariang - Expecting A Catch Up
23/05/2017  AMMB Prestaring - UniMy closer to breakeven



  14 people like this.
 
sniper123 hng sifu, u cut loss oledi ka??? why so silent?? pls feedback.tq
15/08/2017 10:31
bunuhsateman PRESBHD is going to HOLAND soon... sell before too late !!!
15/08/2017 11:44
hng33 Add more prestariang at 1.64, average down cost
15/08/2017 12:02
Ah Kow, Ali dan Muthu GLC company... still got hope? like media prima.. where they channel the money to or from - easy money from government by giving contract without open tender?
You will never know until you findout your hard earn money gone without any business sense or traces. good luck..
15/08/2017 12:45
2016v haven't seen sunlight since securing the concession
long gestation period for the sell down
15/08/2017 14:09
apolloang likely many retailers kena trapped after saw the company secure the billion dollar contract,bursa tipu retailers money
15/08/2017 14:31
hng33 Add last prestariang at 1.62, further average down cost
15/08/2017 14:52
bunuhsateman journey to the west..bye bye sayonara !!!
15/08/2017 14:56
hng33 Fundamentally, there is nothing adverse change except official received 3.5 billion long term concession.

Emotion tends to creep in to cloud our judgment. But, given time, anything goes down will come up again.
15/08/2017 14:59
fong7 this is a long term contract, profit can only come in 3 years later. And before that, the only thing is doing the work + getting some kind of loan to finance the project. "if" all goes well, the profit will double or triple after 3 years. Thing is, at current valuation of PE 85x, it clearly already priced in some of its profit capability 3 years in the future. So yes, to investors, this is the situation right now.
15/08/2017 17:35
hng33 SKIN will be a build, operate, maintain and transfer model and fund raising is through bond issuance with gov concession payout as backup. Therefore, investor need to understand on accounting IFRIC 12: Service Concession Arrangements which explains accounting treatment for concession biz.

Accounting 101: accruals concept means that revenue and costs are recognised as and when they are incurred, not when cash payment is received or paid. So my interpretation is revenue and costs should be recognised in the first 3 years when work is done, not when payment is received in the next 12 years while maintenance revenue will be recognised in the 12 years maintenance period. In other words, my take is that the development revenue for the build and deployment phase should be recognised by progress for the first 3 years while maintenance revenue will be recognised when maintenance works are carried out.


IT HAVE CONFIRM by both Prestaring president and group CEO Dr Abu Hasan Ismail himself and banker. Revenue for SKIN will be recognise revenue from SKIN starting from its financial year ending Dec 31, 2017 (FY17).


...Prestariang will only receive payment from the government (inclusive of all costs incurred during the development, and maintenance and technical operation phases) after three years when the services are fully rendered.

However, the company is expected to recognise revenue from SKIN starting from its financial year ending Dec 31, 2017 (FY17), and revenue from EduCloud, an integrated education platform to be built through a tie-up between Prestariang, Singapore’s Conversant Solutions Pte Ltd and Alibaba Cloud Computing Ltd from FY18 onwards.

“Under the accounting standards of IC Interpretation 12 (IC 12), revenue can be recognised during the construction phase. This is normal practice, as confirmed by our auditors,” Abu Hasan said.

AmInvestment Bank Bhd in a report said Prestariang could account for the revenue from SKIN under IC 12 — revenue that is derived by applying a markup margin to estimated costs for the year under review.

https://themalaysianreserve.com/2017/07/20/sukuk-finance-prestariangs-border-control-project/
16/08/2017 09:33
Post1 Start collect, target rm2++. 2nd Q report ada untung.
16/08/2017 14:46
hng33 Recovering :D)
16/08/2017 14:49
Post1 Fm big boss
16/08/2017 14:53
zoomboom TQ Post1 bro for sharing.
16/08/2017 15:15
Post1 Zoomboom, sama sama.
16/08/2017 15:26
zoomboom En. Brahmal masih pegang 5.79%...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5515193


hng33 bro "Emotion tends to creep in to cloud our judgment. "..... this is very true :-)
i have "learned" my patience during the earlier roller coaster ride (down to RM1.30)... sweaty palms i tell you LOL... but i bit the bullet and held on.. hehe, now, again testing our patience... :-) pasti ramai yang sudah goyang... dan left the bot...
16/08/2017 16:00
zoomboom Post1, target RM2++... itu jurang ++ ... 50sen ke atas atau ke bawah? TQ .. hehehe..
16/08/2017 16:01
bunuhsateman journey to the west..bye bye sayonara !!!
17/08/2017 15:24
CCV2013 It is quite solid supported today! Another mega rebound is on the way now! Don't miss this opportunity! Hng33 has explained well that income recognition will be kicked in Year 2017! As long as the project financing is secured and cashflow is properly planned, nothing can stop this counter to move to 2.5 to 3 level!
17/08/2017 17:52
Ah Kow, Ali dan Muthu At this moment, if it's asking shareholder more money for SKIN project.. i don't think it will have good future in the next 1 year.
En. Brahmal want to cash out, he is planning it rather than stuck for few years. Hope i am wrong. No offend and it's just no business case for this company.
18/08/2017 13:35
kelvin1 Hi, how you know Mr Brahmal want to cash out? can share share?
18/08/2017 14:55
zoomboom nemwee bro, i think that "fear" is already answered by big boss :

"He also allayed fears that the company will fund the project via a rights issue and private placement “as the process was lengthy and- complicated”."

https://themalaysianreserve.com/2017/07/20/sukuk-finance-prestariangs-border-control-project/

"The financing will consist of internally generated funds, term loans as well as from the capital market which may include sukuk, but he ruled out the a rights issue or a private placement, either of which will take longer time."

http://www.thesundaily.my/news/2017/07/19/funding-concerns-skin-job-weigh-prestariangs-share-price


so, if he keeps to his word, there should be no asking shareholder for more money...
18/08/2017 17:45
bunuhsateman journey to the west..bye bye sayonara !!!
22/08/2017 12:10
CCV2013 Down 1 sen also like this and keep saying journey to the west!! Like this how to play share la.
22/08/2017 12:31
bunuhsateman haha..not 1 sen bro, is almost 70sen from 2.38 drop to 1.70...
22/08/2017 14:53
bunuhsateman journey to the west..bye bye sayonara !!!
22/08/2017 14:53
emil123456 Waiting at below 1.60, keep for long term.
23/08/2017 17:52
sharmanisa Ready to the north!
24/08/2017 10:24
fong7 thanks for the info!
it would be a great news if it's true that the "future income" can start putting into the accounting as early as FY17.
24/08/2017 15:21
kenteoh94 Woah good result and dividend slightly increase. Congrats to you guys who still hold
24/08/2017 18:13
LuckyG nice nice nice
24/08/2017 19:17
hng33 sold prestariang at 1.80-1.81, lock paper profit, free up capital
25/08/2017 09:07
hng33 sold off all balance prestariang at 1.80, lock all paper profit, free up all capital
25/08/2017 09:20
hng33 swap all capital free up to jtiasa at 1.04
25/08/2017 09:21
Flintstones This is under my watchlist. In a financial crisis, this is one stock we should own. Defensive and certain earnings for next 10 yrs
25/08/2017 09:21
Flintstones Remember brahmal also entered at similar price
25/08/2017 09:23
zoomboom bagus.. bagus.. Quarter report yang meyakinkan...

steady. focused. patient.
25/08/2017 10:35
CCV2013 Hng33. The show just started! Mega push up will follow soon! Why r u leaving so early! This counter can easily reach 2.5 to 3. Please be patience and your reward will come soon!

Anyhow good luck! Hope to see you back soon!
25/08/2017 13:02
hng33 Good for Prestaraiang shareholder, i opt to lock all paper profit at 1.80-1.81 due to need to free up capital, swap to jtiasa at 1.04.
25/08/2017 13:03
LuckyG jokers ....


bunuhsateman PRESBHD is going to HOLAND soon... sell before too late !!!
25/08/2017 14:26
CCV2013 Bunuhsateman, where r u? R u going to the west and sayonara!

Frankly speaking, this counter will have mega profit reported on each quarter for the next 5- 7 years!

Absolutely amazing!!
25/08/2017 15:14
bunuhsateman journey to the west..bye bye sayonara !!!
05/09/2017 09:05
shpg22 Pure rubbish valuation by IB. If this stock can worth that much, HTPADU will be worth 8.00 instead of 0.74.
06/09/2017 14:03
LuckyG lolx 1.80 close .
06/09/2017 18:14
Edwardong53 PBBInvest has been recommending a "BUY" on this counter since May2017 when it was above 2.30. now it is just 1.80 .....
06/09/2017 23:59
bunuhsateman journey to the west..bye bye sayonara !!!
08/09/2017 11:37
LuckyG lolx 1.85 close
13/09/2017 18:58
fuad5757 As long as no clear direction on how PSKIN gonna funding the MySKIN, this counter is going nowhere
13/09/2017 22:56
bunuhsateman journey to the west..bye bye sayonara !!!
18/09/2017 09:26


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