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KLSE: ECONBHD       ECONPILE HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
3.13 2.57     -0.56 (17.89%)
* 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
09/10/2017 3.15 2.22 -0.93 (29.52%) HOLD AMMB Price Target News
21/09/2017 2.97 2.22 -0.75 (25.25%) HOLD AMMB Price Target News
07/09/2017 3.16 3.00 -0.16 (5.06%) HOLD Malacca Securities Price Target News
07/09/2017 3.16 2.22 -0.94 (29.75%) HOLD AMMB Price Target News
29/08/2017 2.98 2.22 -0.76 (25.50%) HOLD AMMB Price Target News
24/08/2017 2.93 3.00 +0.07 (2.39%) HOLD Malacca Securities Price Target News
24/08/2017 2.93 2.22 -0.71 (24.23%) HOLD AMMB Price Target News
10/08/2017 2.75 3.50 +0.75 (27.27%) BUY MACQUARIE GROUP Price Target News
12/07/2017 2.48 3.50 +1.02 (41.13%) BUY MACQUARIE GROUP Price Target News
01/06/2017 2.43 2.50 +0.07 (2.88%) HOLD Malacca Securities Price Target News
29/05/2017 2.45 2.30 -0.15 (6.12%) HOLD Malacca Securities Price Target News
29/05/2017 2.45 2.90 +0.45 (18.37%) BUY BIMB Price Target News
29/05/2017 2.45 2.16 -0.29 (11.84%) HOLD AMMB Price Target News
23/05/2017 2.45 2.40 -0.05 (2.04%) HOLD Malacca Securities Price Target News
23/05/2017 2.45 2.13 -0.32 (13.06%) HOLD AMMB Price Target News


Price Target Research Article/News (past 6 months)
09/10/2017  AMMB Econpile Holdings - Bagging RM48mil piling works for Seputeh 9
21/09/2017  AMMB Econpile Holdings - A small job from Pavilion Damansara Heights Phase 2
07/09/2017  Malacca Securities Mplus Market Pulse - 7 Sept 2017
07/09/2017  AMMB Econpile Holdings - Proposes 1-for-1 split, 1-for-4 bonus and warrant issues
29/08/2017  AMMB Econpile Holdings - Still bullish on earnings growth prospects
24/08/2017  Malacca Securities Econpile - Still Progressing Nicely
24/08/2017  AMMB Econpile Holdings - FY17 net profit grows 20% YoY
10/08/2017  MACQUARIE GROUP Key Takeaways From ECRL Ground Breaking Ceremony
12/07/2017  MACQUARIE GROUP MQ Research Raise Econpile’s Target by 40% to RM3.50
01/06/2017  Malacca Securities Econpile Holdings Bhd - Still Looking Firm
29/05/2017  Malacca Securities Mplus Market Pulse - 29 May 2017
29/05/2017  BIMB Econpile - Record Year in the Making
29/05/2017  AMMB Econpile Holdings - 9MFY17 net profit grows 22% YoY
23/05/2017  Malacca Securities Mplus Market Pulse - 23 May 2017
23/05/2017  AMMB Econpile Holdings - Lands RM48.5mil piling job for office building



  11 people like this.
 
zaimi immediate support seen at 2.90
20/09/2017 15:01
flash777 3.20 is peak. Its over for this stock. Drop with volume, if you did not buy at 1.00, do not be a fool again to buy at 3.00
20/09/2017 15:53
godhand peak your head. Unless it stop growing, there is no such thing as peak.
20/09/2017 16:08
flash777 Hahahahahaah
20/09/2017 16:13
optimus9199 should be good for Econpile, minor retracement is good.
20/09/2017 16:59
calvin OTHERS Award of Contract for Contiguous Bored Pile Wall for Proposed Pavilion Damansara Heights Phase 2 Mixed Development at Jalan Damanlela, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

ECONPILE HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description Award of Contract for Contiguous Bored Pile Wall for Proposed Pavilion Damansara Heights Phase 2 Mixed Development at Jalan Damanlela, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
The Board of Directors of Econpile Holdings Berhad (“Econpile”) is pleased to announce that its wholly-owned subsidiary, Econpile (M) Sdn. Bhd. (“EMSB”) has on 20 September 2017, received a Letter of Award dated 15 September 2017 from Jendela Mayang Sdn. Bhd. to undertake contiguous bored pile works for the Proposed Pavilion Damansara Heights Phase 2 Mixed Development at Jalan Damanlela, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (the “Contract”).

Details of the full announcement is attached.

This announcement is dated 20 September 2017.




Please refer attachment below.

Attachments

Letter of Award-20.09.2017.pdf
211.8 kB

Announcement Info
Company Name ECONPILE HOLDINGS BERHAD
Stock Name ECONBHD
Date Announced 20 Sep 2017
Category General Announcement for PLC
Reference Number GA1-20092017-00045
20/09/2017 18:08
goodjoe wow, did it say the value of the project and duration?
20/09/2017 18:32
goodjoe ok, just went to check the LOA. RM18 million over 27 weeks.
20/09/2017 18:40
optimus9199 small project...but at least better than none
20/09/2017 19:04
heaven123 Big doubts with econpile ?
20/09/2017 19:16
heaven123 Price go south after announement it's bad.
20/09/2017 19:18
optimus9199 why doubt or bad?
20/09/2017 20:35
goodjoe Someone said buy on dips earlier, I agree. Also, the multiple proposals coming up are also very attractive. Above all, this is a growth company, so it is worth to invest.

Good luck and all the best to all investors of Econpile.
20/09/2017 20:55
flash777 Yesterday "smartass insider " buy before announcement hope to contra gain. But crocodile dump to "smartass insider " with big volume yesterday. In next few days if not up then u know what will happen
21/09/2017 09:13
flash777 But i believe this stock is becoming pump and dump counter. Crocodiles need quite some times to take profit. With all the goodies and good news up ahead, provides great chance for them to take profit. Similar to Mitra.
21/09/2017 09:37
batman11 "... flash777 But i believe this stock is becoming pump and dump counter. Crocodiles need quite some times to take profit. With all the goodies and good news up ahead, provides great chance for them to take profit. Similar to Mitra. ..."

Major owner of Econpile
CIMB-Principal Islamic Asset Mgt Sdn Bhd | 21,003,300
Fidelity (FIL Fund Management Limited) | 7,791,493
CIMB Principal Asset Management Berhad | 10,924,500
Kenanga Investors Berhad | 9,899,300
Affin Fund Management Berhad | 5,894,200
RHB Asset Management Sdn Bhd | 5,119,800
Dimensional Fund Advisors LP | 3,141,209
Affin Hwang Asset Management Berhad | 2,750,000
Credit Suisse Asset Management | 2,438,600
Samsung Asset Management Co Ltd | 1,130,000
Prusik Investment Management LLP | 1,000,000
Alliance Unit Trust Mgt Berhad | 950,000
J P Morgan Asset Management (UK) Ltd | 818,051
Daiwa Asset Management Co Ltd | 621,500
RS Investment Management Co. LLC | 450,100
PMB Investment Berhad | 450,000
AmIslamic Funds Management Sdn Bhd | 252,800
Amanie Business Solutions Sdn Bhd | 238,600
Amanah Saham Kedah Berhad | 179,300
MIDF Amanah Asset Management Berhad | 150,000

Which among them are the crocodiles?
21/09/2017 10:48
flash777 How i know????
21/09/2017 11:41
heaven123 Insider pump from 2.70 to 3.20.
Dumb to 2 70.
Another words the ex-price is 2.70.
21/09/2017 11:47
Second Coming Buy on weakness
21/09/2017 16:41
heaven123 Your head.
If ex-ptice fixed @ 2.50-2.70 how to buy on weakness.
Clearly rugi.
21/09/2017 20:33
heaven123 Nowday after ex-date price sure down.
22/09/2017 11:12
calvin Example
1:2 share split =3000÷2=1500,
4 share free 1 bonus issue=1500×4=6000÷5=1200
very cheaper Mather share just 1.200 only...
22/09/2017 13:07
heaven123 Never expected below 3.00 after the announcement. That the problem.
22/09/2017 13:44
calvin (吉隆坡22日讯)因地基业务前景明亮,推动净利强劲增长,加上手持订单足够忙碌1至2年,分析员建议持续守住亿钢控股(ECONBHD,5253,主板建筑股)。

亿钢控股独资子公司Econpile(马)私人有限公司(简称EMSB)于本月15日,从Jendela Mayang私人有限公司获得地基项目工程,总值1800万令吉。

这是亿钢控股在2018财年获颁首份合约,且公司正竞标总额10亿令吉数个项目。

EMSB将会为位于吉隆坡的柏威年白沙罗高原第二期混合发展项目,提供连续钻孔灌桩建筑服务,建造连续钻孔灌注墙。

该工程为期27周,预计于明年4月完成,期间能够为截至明年6月杪的2018财年贡献盈利。

值得注意的是,亿钢控股在今年2月,也取得柏威年白沙罗高原第1期混合发展项目合约,负责提供地基服务,配套总值5亿7040万令吉。

大马投行分析员在报告中指出,尽管最新合约价值小,但这标志着柏威年白沙罗高原第二期项目一系列地基工作的开始,预计整体总价值可达约2亿令吉。

“虽然合约价值小,亿钢控股的手持订单依然维持在12亿令吉。”

今年赢11.9亿合约

分析员点出,2017财年可谓亿钢控股的丰收年,共赢得总值11.9亿令吉合约,超越2016财年的6亿6200万令吉。

因此,分析员认为,亿钢控股在2018至2020财年,料每年可获得6亿令吉合约。

分析员还说,地基领域的门槛高,因设备和机械成本高昂,且缺少富有经验的营运商。

“不过,相信亿钢控股的目前股价,已充分反映了基本面。”

综合上述,分析员维持对亿钢控股的预测、“守住”评级和目标价2.22令吉不变。
23/09/2017 00:38
optimus9199 Up up up
28/09/2017 13:00
Stockwatch Kim https://klse.i3investor.com/blogs/kimstockwatchfajar/130675.jsp

REVISIT AGAIN THIS TP!!!
06/10/2017 13:39
optimus9199 huat ah... rm 48mil project from MRCB
06/10/2017 18:18
optimus9199 Among the major awards are :



- MRCB project at KL RM 48mil, duration 18 months
- Pavillion Damansara Phase 2 pilling project RM 18mil, duration 27 weeks ( 6 months)
- Jalan Conlay sub structure work RM 48.5mil ( awarded on May 19th 2017 duration 15 months)
- MRT 2 diaphragm wall for the KVMRT project ( Awarded March 29th 2017 , RM 93mil, 450 Days)
- Damansara Pavillion project ( Awarded Feb 22nd 2017, RM 570mil, 28 months )
- SUKE Project ( Awarded Dec 28th 2016, RM 158.3mil, 17months)
- MRT 2 Viaduct Project ( Awarded Oct 21st 2016, RM 43.5mil, 24 months)
- Maju Project ( Awarded Oct 4th 2016, RM 280mil, 15months )
- 99, Jalan Ampang ( Awarded June 6th 2016, RM 208mil, 26 months)
- Prestij Permai Sg Buloh Project ( Awarded Apr 8th 2016, RM 53.5mil, 20 months)
- EcoMeridian Project, Penang ( Awarded March 31st 2016, RM 51.63mil, 14.5 months)
-EKVE from Ahmad Zaki ( Awarded March 3rd 2016, RM 76.9mil, 24 months)
- Mixed commercial lot from Ahmad Zaki ( Awarded Dec 31st 2015, RM 20.3mil, 8 months ---> COMPLETED JULY 2016)
- Nusmetro Persiaran Dutamas ( Awarded 24th Nov 2015, RM 95.5mil, 19 months ---> DUE TO BE COMPLETED JUNE 2017)
-WZR Properties ( Awarded on 1st Nov 2015, RM 120.5mil, 18 months, ---> TO BE COMPLETED MAY 2017)
- AZRB Jalan Sultan Ismail ( Awarded 6th June 2015, RM 49.9 mil.....COMPLETED SEPT 2016)
-Jalan Conlay ( Awarded Jan 2015, RM 128.9 Mil....COMPLETED DEC 2016)
- and a few more smaller projects worth between RM 23mil to RM 128mil , which were awarded in between June 2014 - Dec 2014th, all of them which already being completed by now.



TOTAL OUTSTANDING ORDERBOOKS AS AT 6TH Oct 2017 : RM 1.248 Billion
06/10/2017 18:32
calvin KUALA LUMPUR (Oct 6): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM48 million contract from Malaysian Resources Corp Bhd (MRCB) for its 9 Seputeh mixed development project at Old Klang Road.

The contract entails piling and basement works for three residential blocks, a commercial area, and a two-storey basement car park, and represents the group's first job to be done for MRCB, said Econpile in a statement.

With this new contract, Econpile's current orderbook stands at RM1.2 billion, which is estimated to be recognised over the next two years.

"We are heartened that an established property developer the likes of MRCB has entrusted us to take on this major undertaking, which validates our technical expertise to ably support high-rise buildings," said Econpile executive director and chief executive officer Raymond Pang.

"We believe that continuously adding reputable property names in our clientele would position us favourably in reinforcing our niche in providing specialised piling services, even in the challenging property sector," Pang said.

Econpile expects the project to be completed in about 18 months and to contribute to the group in the financial year ending June 30, 2018 (FY18) and FY19.

Econpile's share price rose nine sen or 3% to close at RM3.12, valuing the group at RM1.67 billion.
06/10/2017 19:33
Stockwatch Kim http://klse.i3investor.com/blogs/spartan/134575.jsp
07/10/2017 12:36
optimus9199 Thanks Kim for your compliments on me. Yes I hold alot of Econpile shares.
07/10/2017 16:47
Calvin882 Econpile will benefit from the upcoming general election and budget announcement. Govt will announce plenty of construction projects which will definitely spur up the price.
07/10/2017 20:27
goodjoe nice
07/10/2017 22:26
heaven123 3.80 - 3.90 ?
09/10/2017 12:06
optimus9199 @heaven : Are you attending Econpile AGM Nov 22?
10/10/2017 07:48
Playmaker everytime announce contract award some parties will start dumping, so short-sighted fund manager
10/10/2017 09:22
Vivo CNQC(Vivocom new owner) INT‘L’S major operating subsidiaries are Sunley Engineering & Construction CO., Limited, Sunnic Engineering Limited and Full Gain Engineering Limited. Sunley Engineering & Construction CO., Limited. is principally engaged in the foundation business.
http://www.cnqc.com.hk/en/our-business/HONGKONG-MACAU
15/10/2017 11:25
funkyway is it a good time to buy now? price looks very high
16/10/2017 16:04
optimus9199 AZRB wins RM 288mil MRT2 project....Econpile will certainly get some share of it too
16/10/2017 21:33
goodjoe good times coming hopefully
20/10/2017 10:29
optimus9199 Buy as much as possible
20/10/2017 18:45
ruslimz why
20/10/2017 22:54
calvin Because this Econbhd very very good company....Hahaha
20/10/2017 23:26
calvinteo Econbhd <share split, bonus n warrant> submitted on 4/10/17.
Approval pendiing. Hopefully very soon IMO.

Vroom...vroom...

Reference: Cab <share split n bonus> submitted for approval on 23/5/17
Approval obtained on 6/8/17. Approx. 15 Days.

Note: Invest and or trade at yr own risk,
21/10/2017 06:19
ruslimz calvin.......target price ??????
21/10/2017 08:00
Calvin882 TP should be 3.8
21/10/2017 08:05
ruslimz TP before Ex for bonus, split and free warrants.....
21/10/2017 08:23
sparta http://klse.i3investor.com/blogs/spartan/135833.jsp
21/10/2017 10:45
Calvin882 Budget next week will boost the price even further
21/10/2017 13:56
Calvin882 Going uptrend next week
21/10/2017 21:34


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