Highlights
KLSE: LITRAK (6645)       LINGKARAN TRANS KOTA HOLDINGS MAIN : Infrastructure
Last Price Today's Change   Day's Range   Trading Volume
5.85   0.00 (0.00%)  5.85 - 5.85  1,200
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Overview

Market Cap: 3,087 Million
NOSH: 528 Million
Avg Volume (4 weeks):125,370
4 Weeks Range:5.70 - 5.90
4 Weeks Price Volatility (%):
75.00%
52 Weeks Range:5.57 - 6.15
52 Weeks Price Volatility (%):
48.28%
Average Price Target: 5.62
Price Target Upside/Downside: -0.23

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#1]  |  29-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  29-Nov-2017
T4Q P/E | EY: 14.35  |  6.97%
T4Q DY | Payout %: 5.11%  |  73.37%
T4Q NAPS | P/NAPS: 1.4692  |  3.98
T4Q NP Margin | ROE: 40.80%  |  27.74%

Headlines

Date Subject
07-Sep-2017 Mplus Market Pulse - 7 Sept 2017
30-Aug-2017 Litrak - Starting To Feel The Pinch From LRT2 And MRT
29-Aug-2017 Lingkaran Trans Kota - Within Expectations
07-Jun-2017 Lingkaran Trans Kota - Re-setting the base
01-Jun-2017 开销少.环城大道财测上调
31-May-2017 Litrak - Dragged Down By Sprint Highway
31-May-2017 Lingkaran Trans Kota Holdings - Below Expectations
01-Mar-2017 Lingkaran Trans Kota - Hit by Higher Amortisation
01-Mar-2017 Lingkaran Trans Kota Holdings - Impacted by Higher Amortisation
01-Mar-2017 Litrak - Higher Dividends Possible
01-Mar-2017 Lingkaran Trans Kota Holdings - Below Expectations
30-Nov-2016 Mplus Market Pulse - 30 Nov 2016
30-Nov-2016 Lingkaran Trans Kota - Within Expectations
30-Nov-2016 LITRAK - 2QFY17 Mildly Impacted by Discounts and Low Volume during Festive Period
30-Nov-2016 Lingkaran Trans Kota - Within expectations

Business Background

Lingkaran Trans Kota Holdings Berhad is a Malaysia-based company, engaged in the investment holding and the provision of management services to the subsidiaries. The activities of the subsidiaries are to design, construct, operate and maintain Lebuh Raya Damansara- Puchong (the Highway) and to manage its toll operations and investment holding. The Company operates in two segments: Highway and Other. Highway includes tolling operations and highway maintenance. Other includes investment holding. The Company's subsidiaries include Lingkaran Trans Kota Sdn Bhd, Penyenggaraan Litrak Sdn Bhd, Sukma Sinaran Sdn Bhd, Midawasa Sdn Bhd and ETC Links Sdn Bhd. On 1 April 2010, the Company acquired additional 50% interest in ETC Links Sdn Bhd.
Analyze this stock with MQ Trader system

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emma Can buy this counter?
20/12/2013 09:37
mikashearer TP4.32
buy in you own risk
11/06/2014 02:59
stockoperator One of the most stable Business and earning in market i think.
28/07/2014 19:28
stockoperator I read that there would be toll rate hike in 2015 and 2016.
28/07/2014 19:30
logitrader http://www.klse.my/entitlement/115956.jsp
28/02/2015 00:42
jeckcw Toll hike is contracted
See public bank reports
Pe 15 is fair for monopoly business with 30% hike in sales price as margin of safety
19/05/2015 19:10
Jeff91 Wow..Profit margin is around 35%. Where to find this kind of business???
15/06/2015 00:15
Sebastian Sted Power epf everyday keep buying sure got reason one
16/06/2015 10:45
mind_hack toll hike possible this year?
19/06/2015 10:01
Rica7894 Why Litrak value has emerged again ?


-The next toll hike for Litrak’s LDP concessions is scheduled in 2016 (entitled to a 48% toll increase from January 2016 under the concession agreement).

-SPRINT starts generating profit this year.
As a result of the improvement in traffic volume on SPRINT Highway plus the increase in toll rates on 1 January 2015, for Damansara and Kerinchi Links, as allowed for under the Concession Agreement, SPRINT finally managed to be in a profitable position for the current year ended 31 March 2015.


Why Litrak upgrade to buy?

Due to:
-steady dividend payout, dividends will be at least 20sen in FY16.
-growth certainty from rate hikes bound by the concession agreement (if the toll rates are not revised, it will get compensation from the goverment as stipulated in the CA).
-its stable earnings trajectory (defensive nature),
-traffic volume continues to grow.
-strong free cash flow.
03/08/2015 16:17
jeckcw thx EPF support litrak
My best hedge during dropping market
12/08/2015 00:32
jeckcw Beta of 0.18 as compared to tenaga 1.13
This counTer serve as good defensive stock
But maybe not for price at right now , which lack of margin of safety
12/08/2015 00:42
kane 0.15 dividend just announced, ex date on 14/9
30/08/2015 17:25
Jack Poi What happens to LITRAK and the shareholders in 2030 when the concession expires? It is renewable?
15/09/2015 18:39
891088 Who is the biggest share holder? Govt or individual
14/10/2015 20:42
paperplane2 shit...........increase LDP to 2.10, damn it..................fxxxxxxx
15/10/2015 08:31
kane Just wondering, will there be another increase to 3.10 in year 2016
27/10/2015 21:36
kane http://www.themalaymailonline.com/malaysia/article/minister-eight-highways-entitled-to-hike-toll-rates-next-year

KUALA LUMPUR, Nov 23 — Eight highways are entitled to increase toll rates next year, a minister said today after tolls in major highways in the Klang Valley were raised last month.

Works Minister Datuk Fadillah Yusof also said the government has already allocated RM593.32 million to compensate the highway concessionaires, in the event they are not allowed to hike their rates.

“I’m not deciding on whether there will be an increase or not. Those entitled to receive hikes for 2016 are eight highways,” Fadillah told Parliament here.

The highways with their respective entitled compensations are the North-South Expressway (RM214 million), Second Link Expressway (RM8.24 million), ELITE Highway (RM79.44 million), Butterworth-Kulim Expressway (RM3.11 million), Seremban-Port Dickson Highway (RM1.95 million), KESAS Highway (RM92.8 million), LDP (RM185.89 million) and the North Klang Straits Bypass Expressway (RM7.85 million).

Tolls at highways operated by 11 concessionaires were raised in October by between 20 sen and RM3.

These included Kuala Lumpur-Karak Highway (KLK), Maju Expressway (MEX), Kajang Dispersal Link Expressway (SILK), Duta-Ulu Kelang Expressway (DUKE), SMART Tunnel, KL-Kuala Selangor Expressway (LATAR), Sungai Besi Expressway (Besraya), New Pantai Expressway (NPE), Kajang-Seremban Expressway (LEKAS), Damansara-Puchong Expressway (LDP), and Western KL Traffic Dispersal System (SPRINT).

- See more at: http://www.themalaymailonline.com/malaysia/article/minister-eight-highways-entitled-to-hike-toll-rates-next-year#sthash.pggzMpvT.dpuf
23/11/2015 22:45
sean quite a great stock
24/01/2016 16:17
moneySIFU Very very quiet forum room
27/05/2016 18:01
MoneyInTheAir any upside for this counter?
29/05/2016 12:31
younginvestor92 I am gonna makan gao gao on this stock when market crash hiak hiak
02/06/2016 19:14
HENGYUAN sexy babe @ RM21 Go denfensive, buy tollroad.
22/06/2016 20:01
livelife Buy a bit for steadiness
27/06/2016 15:26
tradeview great counter
29/06/2016 11:20
Up_down An attractive dividend yield stock to funds managers given its earnings growth potential for the next 3 quarters. Currently, Litrak offers a DY of 4.3% at dividend payout of 75% in net profit . If the company maintains 75% dividend payout ratio, DY will be likely increasing to 6% which is quite appealing to income funds .
25/07/2016 17:47
tradeview Another one of my favourites. TP for Litrak stands at RM 6.10 immediate TP. with DY of 4.1% and annualise PE of 10x for latest EPS following the increase in toll rate hike.

http://klse.i3investor.com/blogs/tradeview/99293.jsp
26/07/2016 13:48
CUTLOSS Peak price already. Cut now better than at RM 5.5/5.
02/08/2016 05:44
Kevin Bc when is the next toll hike ? any comment ?
02/08/2016 12:22
Alex Tan http://www.valueinvestingstock.com/single-post/2016/05/27/A-Cash-Cow-With-High-Profitability-1
04/08/2016 15:03
dalpinia next GE after BN loss, this will became plain paper
09/08/2016 15:29
Ultramen agree, it's overprice now.
Many ppl chasing divident stock until crazy already.
09/08/2016 23:25
kane http://www.bursamalaysia.com/market/listed-companies/company-announcements/5193877
31/08/2016 14:34
ooihk899 wah! so quiet here, hopefully if gov allow toll rate hike, it will be above RM7
17/10/2016 11:39
AhSeng A Lai bo 7.00: tp Baru 6.50
17/10/2016 12:28
ooihk899 One thing I know is that when last Q result out, many research house also give target below 6, but EPF accum agressively. My assumption is this, when some fund want to buy, they will releaase some unfavourable report, when they want to sell, they will release sui sui report.
17/10/2016 12:40
Up_down Price is moving up like a snail. it's still much better than many companies.
17/10/2016 13:49
ooihk899 If you buy in last week of Mar 2015, the price was around 3.79,
as of today you make around 60%. I consider it quite fast already.
17/10/2016 15:38
AhSeng Support 6.00 Besok Jangan Pecah. If break next support on 5.90
17/10/2016 20:32
AhSeng Lagi tiga hari budget .Nak Tunggu sampai Baru jalan .kah
18/10/2016 21:02
AhSeng Betul Baru Mau jalan.Jilaka. t4 Hari ini
21/10/2016 11:47
ooihk899 Chill AhSeng, EPF control counter normally won't up so fast. u can check on them once every week is good enough unless u r playing short term.
21/10/2016 13:26
cheeseburger SELL call on LITRAK.
30/11/2016 16:11
red_85 sell sell sell
02/12/2016 04:57
Why_ BN burden rakyat with toll increase? Next GE change to Pakatan better.
09/02/2017 23:12
Aucy86 Can anyone explain why Litrak got high debt? It is expiring in 5 years time. Doesn't seem like management want to pay it and it is impossible to pay in such short period?
06/03/2017 10:25
David Ng Aucy86,
(As per last Q3 2017)
Borrowings
Non current 1,117,631
Current 110,000
Cash and cash equivalents at 31 December 426,005
Free cash flow per annum ~300M :).
26/05/2017 08:56
shpg22 With such strong FCF and growing, still the safest bet for dividend stock compare to others like DIGI, MAXIS, BJTOTO, YTL. Current price 5.85 @ P/E 13.9 is fair with DY of 4.3%. MAINTAIN BUY @ fair value 6.20.
13/08/2017 23:04
pakatan_harapan2 Vote Pakatan GE 14. Litrak highways will be made toll free not only 4 highways.
29/10/2017 15:06
limch Budget 2018 casualty?
02/11/2017 12:21


 

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