Property sector will get booming and Vivo will start it's uptrend next Monday onwards!
cmLaiDr_Yeoh Just visited PM office today. PM agree to give RM 500 million project after Budget. 17/10/2016 21:29 Wait for Vivo announced.
goldentriangleVivo was one of the most beneficial company for this budget 2017, because for it's property division, most of it's property development was below RM300k, if this range of property sales was booming, i strongly believe that it will boosting Vivo's revenue and will generate big profits for Vivo start from next quarter onwards!
hafizzuddin42buy when price down until 0.01 then sell at 0.6 / 0.7
FriendshipNajib allocate 3 billion to GLCs to buy small and Mid cap stocks, Vivocom is top of the buying list!
CKNYAMCRRC confident of having the edge in bid for HSR project October 21, 2016, Friday
CHANGSHA: China-based locomotive expert, China Railway Rolling Stock Corporation (CRRC), is confident it has an edge in bidding for the construction of the Kuala Lumpur – Singapore High Speed Rail (HSR) project.
Luo Chongfu, vice president of CRRC Zhuzhou Locomotive Co Ltd (CRRC ZELC), a subsidiary of CRRC, said with the result of the bidding to be announced soon, the long term relationship built via various projects with Malaysia will give it an edge.
“We have a good and solid bilateral cooperation (on behalf of) China with the Malaysian government.
“CRRC is also fully confident of providing the best technology and products.
“Industry cooperation with Malaysia is also something we highly appreciate,” he added.
Luo said the establishment of the CRRC manufacturing centre in Batu Gajah, Perak, which commenced operations in October 2015, is a clear evidence of the company’s commitment to the Malaysian market.
“What we are very interested in is, cooperation with Malaysia, in the area of transfer of knowledge in manufacturing management.
“This is why a large number of the more than 300 workers in Batu Gajah are locals,” he added.
Luo said this during a media visit to the CRRC locomotive manufacturing facility in Zhuzhou, here.
It was part of a five-day visit by the international media to the province.
The spotlight is basically on the “Intelligent Manufacturing Industry” in Hunan province.
CRRC has to date delivered no less than 300 units of products for various clients in Malaysia, comprising EMUs, TMUs and locomotives.
Meanwhile, Tidfore Heavy Equipment Group (Tidfore) takes its success in supplying port handling equipment to Kuantan Port as a stepping stone to bigger projects in Malaysia.
“We are interested in cooperating with the Malaysian government to enhance the performance of current ports or build new ones,” General Manager Daniel Zhang told a media briefing at the recently built industrial park in Xiantan.
The media visit is being hosted by the Foreign Affairs Office of the Hunan Province People’s Government and is part of a “Go Global” strategy.
As of August this year, companies from Hunan had invested in 86 countries.
They have also entered into 470 areas of international cooperation since the first overseas initiative started in 2000. — Bernama
CKNYAMVivocom’ entry into affordable housing will support earnings October 19, 2016, Wednesday Sharon Kong, firstname.lastname@example.org
KUCHING: Vivocom International Holdings Bhd’s (Vivocom) entry into the affordable housing market will support earnings, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) observes, given that there is ready demand for affordable housing in Perak and East Coast of Peninsular Malaysia.
According to MIDF Research in a corporate update, Vivocom management aspires to diversify the group’s project portfolio and improves its working capital via affordable housing projects.
“While an affordable housing project generally provides lower single-digit margin for contractors, nonetheless it generates orderbook backlog for longer-term as well as tighter contractual obligations,” the research arm said.
“This would help to match Vivocom’s total construction revenue and earnings with cash inflows from predictable progress billings.”
MIDF Research highlighted that the recently clinched Kinta Valley and Tronoh affordable housing projects are crucial as a learning curve to provide experience in value engineering, traction of gaining tender advantage and wide content application of industrialised building system (IBS) in constructing affordable housing units.
“Vivocom is upbeat especially in East Coast of Malaysia where the demand of affordable housing exceeds supply,” the research arm said.
It added that Vivocom’s management has indicated an expanding IBS content for building construction citing cost advantage as well as time savings as primary drivers.
In MIDF Research’s view, Vivocom’s interest in affordable housing segment comes as no surprise as the State Government of Perak has announced in January 2016, the rolling out of 10,000 units of affordable housing by 2018.
“The Perak Housing Department currently has a waiting list of more than 12,000 applicants for its affordable housing schemes.
“Another example is Terengganu, which has a waiting list of 56,000 applicants since end of 2015,” the research arm noted.
Meanwhile, on the strength on the group’s balance sheet, MIDF Research believed that Vivocom presents a compelling risk/reward opportunity amidst the pressured share price.
Vivocom’s orderbook of RM3.5 billion is at all time high or approximately 48-month orderbook backlog (38-fold financial year 2015 (FY15) construction revenue cover which is the highest in the research arm’s coverage).
Premised on the group’s FY15 working capital/net income cover of 12.1-fold and diligent FY15 working capital/orderbook cover of 0.03-fold, the research arm viewed that Vivocom’s balance sheet fundamental strength is set to outweigh the risk of heavy orderbook execution.
On to its FY16/FY17 earnings estimates, MIDF Research has altogether reiterated earnings projections which are underpinned by a growing orderbook of circa 15 per cent which will swell to more than RM4 billion based on affordable housing projects that Vivocom has tendered.
MIDF Research has also reaffirmed its ‘buy’ recommendation with a target price of RM0.63 per share based on FY17 sum-of-parts (SOP) methodology on an implied prospective price earnings ratio (PER) of 13-fold which is on the lower end of the research arm’s small to mid-cap construction PER range of 10-fold to 14-fold (up 1.3 standard deviation above the mean of 12).
4086Dr_Yeoh Just visited PM office today? sure or not
BN_menangHe added that the "Small & Mid-Cap PLC Research Scheme” will be introduced in collaboration with research houses to conduct research in 300 companies. "Government-linked investment companies will allocate a special fund of up to RM3bil to potential companies," said Najib. http://www.thestar.com.my/news/nation/2016/10/21/budget-2017rm21bil-for-development-in-five-economic-zones/
Vivo one of them?
UniCanother bullshit after the Valuecap launch 2 years ago when market under attack.
anyone heard anything of Valuecap? none.
cmLaiDr_Yeoh Just visited PM office today. PM agree to give RM 500 million project after Budget. Comment on 17/10/2016 21:29
bibaOnly RM1.817 billions constructions works in progress (RM 1.817 billions /3 average years ) one years revenue only RM 605,719,333 (RM 605,719,333 / profit margin 8%) =RM 48,457,466 earning in one year. EPS = earnings/total shares outstanding ( 0.185/ share issued 3,234,000,000 )=EPS 0.0149 P/E ratio = price per share / earnings per share ( 0.185/ 0.0149 ) PE 12.416 based on shares issue 3.234 billions is to much shares cannot growth, reasonable PE 6 2017 years PE 12.416 is very expensive and overvalued company... reasonable price for this company is around 0.09-0.10
sayangawakPlease sell before late,0.09c is the target
kevin008This vivocom for 2016 (assume 30m profit for Q3 n Q4 each = 100m/3234m share = eps 0.0309= pe 8 = 0.245)
This vivocom need to wait whole year 2017 only worth 0.59 (assume 60m profit per qtr = 240m/3234m share = eps 0.0742 = pe 8 = 0.59)
goldentrianglealvinchiam, is it true you sell it? Now 0.185 equivalent to about 0.225 before bonus issue already! If you sell it at 0.185, probably you won't have any chance to buy it back at this record low price anymore!
bruce551133next monday up up up...vivocom... :-D :-D :-D
goldentrianglethanks CKNYAM for the latest infor on Vivo... wow, not bad, Vivo was rank No 2 in the TOP 10 SMALL-MID CAP Picking List! and the t.p is 0.55 with Upside 198% !
BN_menangRM 10 million(RM 3 billion/300 companies) must invest in Vivo since recommended strongly by MIDF. http://www.thestar.com.my/business/business-news/2016/10/22/new-rm3bil-fund-proposed-to-invest-in-small-and-mid-caps/
CKNYAMVivocom International Holdings Bhd: Construction our main driver for 2016 By The iProperty.com News Team on Apr 04, 2016
KUALA LUMPUR, April 4 : Vivocom International Holdings Bhd, which targets a revenue of RM760 million for this financial year ending Dec 31, 2016 (FY16), expects the construction business to contribute 70-75% of its revenue, mainly driven by projects from China Railway Construction Corp Ltd (CRCC).
Executive director Choo Seng Choon said the group, which was formerly known as Instacom Group Bhd, was predominantly driven by its telco tower builder business. Now, the group is backed by three businesses, which are telco, aluminium and construction following acquisitions over the last two years.
“(For FY16) We hope to do RM600 million for construction, RM80 million for telco and RM80 million for aluminium. That’s our target. That will bring us to RM760 million revenue, which will be an achievement and will be quite comfortable for us.
“The main growth driver will effectively come from construction, by the sheer value of each contract and the volume that they take on,” Choo told SunBiz in an interview recently.
He said Vivocom, which prides itself with being one of the biggest market capitalisation on the ACE Market, aims to transfer to the Main Market within a year, after it delivers its FY16 results.
“2015 revenue is telco-driven so we’re not proven as a construction group yet. This year will be the first year we need to deliver. Once we deliver the results, next year we can start looking at it (moving to Main Market) already.”
Choo said while construction is expected to contribute the bulk of the group’s revenue, the remaining 10-15% will be split between aluminium and telco.
“Currently the bulk of our (construction) jobs is from a mixture of building and infrastructure projects but our main client CRCC is giving 40-50% of the current order book that we have,” said Choo, adding that the remaining portion comes from private entities and public companies.
He said Vivocom’s order book stood at RM2.7 billion and can keep the group busy for three years. Of this, construction makes up RM2.4 billion.
It is bidding for RM2 billion worth of construction jobs, including the M101 SkyWheel in the redevelopment of Kampung Baru, the Gemas-Johor Baru electrified double-tracking project, the Kuala Lumpur-Singapore High Speed Rail project, as well as the Tropics in Kuching by the Regal International Group.
“We hope to get an average of RM1-2 billion a year (order book replenishment) but depending on margins, track record payments and clientele. We do not have the cash muscle to fight with the big construction groups. We have to choose clientele that can pay us on time and that will allow us to roll,” said Choo.
Transforming from a telco tower builder to a construction firm, he opined that Vivocom’s change is not huge and that the skillsets are similar.
“When you’re a telco contractor, you also build and manage projects. The way we run the project is similar to construction. Only difference is the timing, scale and the duration is smaller. In telco, tower sites project takes six to nine months but for construction, each project is two to three years.”
Choo said the recent spectrum reallocation for telcos brings more work opportunities in terms of infrastructure change and upgrades, such as the change of equipment, rebuilding of towers or repositioning of sites, which could convert to an additional revenue of RM20 million to RM30 million per year for the telco arm.
Despite this however, Choo said the focus is still on growing its construction business which is a cash driven one.
“For telco, you lock in for five years with fixed rates but the volume can fluctuate. Because of the fluctuation, I don’t have economies of scale and I don’t have bargaining power for suppliers to get a cheaper rate,” said Choo.
On paying out dividends, he said it will likely come in 2018 once it has built its war chest.
Read more at http://focus.iproperty.com.my/news/1074/vivocom-international-holdings-bhd-construction-our-main-driver-for-2016#W3iMfhewhxC2H5Yo.99
CKNYAMVivocom tendered project not yet announce included Gemas Johor double railway track, HSR KL -Singapore, Tropic fr Regal group development and M101Skywheel. All of this is not yet annouce And confirm Vivocom has rendered in above project.
CKNYAMCIMB Research believes that the orderbook of Vivocom Intl Holdings Berhad (Vivocom) will balloon to RM4bn at year-end if the company succeeds in its target of RM1.8bn for second half 2016. Further, the research house believes that “its contract win of RM3.5bn will surpass our RM3bn estimate for 2016”. In a “company flash note” today, CIMB Research said that Vivocom’s swelling orderbook “will lend strong support to our FY17F earnings visibility”. This follows on from Vivocom’s largest contract win to date (which Business Today had reported on yesterday) – refer to our report VIVOCOM INTL HOLDINGS BERHAD – “A MID CAP CONSTRUCTION RISING STAR THAT CONTINUES TO SHINE BRIGHTLY! – that the company had had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases. This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak. “The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn,” said CIMB Research. “A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E,” said CIMB Research. “We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x,” concluded the report. Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price. Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue (1 for 4) reward just announced. CIMB has a target price of 78sen for Vivocom, against its current share price of 28 sen at closing today.
“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Vivocom executive director Choo Seng Choon (pic) said. This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base. Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times. “We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Choo.
smartrader2020Top 10 small-mid cap investment http://klse.i3investor.com/blogs/discoverychannel/106954.jsp
4086wow, budget 2017 rejuvenated vivocom after all the negativity, now we start to see some positivity
“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Choo. 23/10/2016 08:47