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0.25   -0.005 (1.96%)  0.25 - 0.255  214,500
4,872 comment(s). Last comment by noobbie at Mar 14, 2019 9:57 AM
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hevea1234
292 posts

Posted by hevea1234 > Jul 23, 2018 1:38 PM | Report Abuse

Already fly so high, you still comment will fly soon, you want scam ppl ar?


Goodluck888
101 posts

Posted by Goodluck888 > Jul 23, 2018 2:26 PM | Report Abuse

Under value.... Should go higher.


imi82_s
4 posts

Posted by imi82_s > Jul 23, 2018 3:27 PM | Report Abuse

Few months before Elections, KUMPULAN WANG PERSARAAN (DIPERBADANKAN) been accumulating this stock, until they reach > 10% of total shares

Then after GE, price kena drop. Project cannot materialise already

Now OCR or some proxy is buying back shares from KWP. to bail them out..check KWP details, they been selling shares daily yet shares going up!..


MetalKing
22 posts

Posted by MetalKing > Jul 23, 2018 10:33 PM | Report Abuse

gogogo~


Charles_TT
23 posts

Posted by Charles_TT > Aug 28, 2018 8:03 AM | Report Abuse

Imi82, are you sure ? I don't think the stock can hold


Candyliow99
74 posts

Posted by Candyliow99 > Aug 30, 2018 12:05 PM | Report Abuse

rubbish counter


ZulBMW8058
23 posts

Posted by ZulBMW8058 > Sep 5, 2018 3:14 PM | Report Abuse

candyliow99 100% ✓✓


commonsense
416 posts

Posted by commonsense > Dec 7, 2018 11:32 AM | Report Abuse

At first when i look at the company 2Q18 result, i was a bit bullish on the outlook given that the company recorded a growth of PBT from RM1.8mil to now RM4.3mil. In addition the PBT in 2Q18 was derived from a lower revenue from last year. Initially i thought it was because of the change in focus from construction contract in FY17 to property development in FY18 of which the latter normally has higher profit margin.

But upon studying their result in details, the jump of PBT profit was mainly attributed to the gain on disposal of one of its subsidiaries, amounting to RM 2.6mil. Excluding this PBT would have actually been RM1.7mil which is a slight drop vs last year result. in terms of PAT if normal tax rate were used (24%) PAT would have been around RM1.3mil.

In terms of valuation even if the company managed to get a PAT of RM6mil for the full year of FY18 (1H18 PAT is RM2.2mil), the company's valuation is still high at 16.5x PE. However given the list of projects that the company have at the moment you would assume that the company profit will catch up to the valuation later. Some of the list of project that the company said it is pursuing are:

1) Prima housing in Alor Gajah. GDV RM100mil
2) Housing project in Bangi. GDV RM90mil
3) Prima project in Bukit Jalil. GDV RM155mil
4) Perumahan Penjawat Awam 1Malaysia in Putrajaya GDV RM324mil
5) Affordable housing in Pahang contract value RM166mil
6) Mixed development project in JB GDV RM700mil
7) Mixed development project in Kuantan GDV RM330mil
8) Mixed development project in KL GDV RM202 mil
9) Mixed development project in Melaka GDV RM206 mil

However upon going thru their balance sheet in detail, i have doubts of them being able to pursue these project in the near future. Which means profit level might still be at the RM6mil level in FY19.

If you go through their 2Q18 report, you will notice that cash flow from operation is still negative given that most of the sale is still in receivables. Then you would also notice that the debt level has actually more than double compared to 2017 but still at a manageable at RM61mil. Given the cash balance of RM18.9mil you would think it would be sufficient until some of the receivables (RM77mil) can be converted into cash. But if you look at the cash flow statement, u notice that RM16.4mil are actually pledge to the bank which leaves the company only with a free cash balance of RM2.5mil (and even that RM4.8mil are bank overdraft).

Unless the company convert those high receivables to cash, you have to assume that they are likely to face some liquidity issues which might effect the progress of their property projects. Most probably they will need to raised further capital.

If you are interested in the company, better wait for their balance sheet to improve first. If you are interested in the property industry, there are actually a lot of companies that are cheaper and have stronger balance sheet at the moment.

For those looking to diversify their portfolio outside of the property industry, i would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.9x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope OCR can proof me wrong and deliver the profit growth that is expected of them from their existing shareholders.

Good luck


Candyliow99
74 posts

Posted by Candyliow99 > Dec 31, 2018 5:45 PM | Report Abuse

bad QR


Dingdongbell
36 posts

Posted by Dingdongbell > Jan 11, 2019 10:06 PM | Report Abuse

Good chance to collect, and keep..


JaBerry
55 posts

Posted by JaBerry > Jan 28, 2019 12:29 PM | Report Abuse

I thought company got some announcement


Klse_faizan
15 posts

Posted by Klse_faizan > Feb 19, 2019 4:27 PM | Report Abuse

collect mode. :)


LuvLuv
153 posts

Posted by LuvLuv > Feb 20, 2019 8:08 PM | Report Abuse

OCR PA holders is advisable to swap to ocr wd when its listed if you want to be in the ring...


LuvLuv
153 posts

Posted by LuvLuv > Feb 20, 2019 8:14 PM | Report Abuse

OCR WD is expected to trade in the range of 0.09-0.12,lets see


Klse_faizan
15 posts

Posted by Klse_faizan > Feb 21, 2019 11:27 AM | Report Abuse

tomolo never die


Candyliow99
74 posts

Posted by Candyliow99 > Feb 27, 2019 7:24 PM | Report Abuse

die long long already


noobbie
866 posts

Posted by noobbie > Feb 28, 2019 12:02 PM | Report Abuse

todays gem


LaoTzeAhSir
419 posts

Posted by LaoTzeAhSir > Mar 1, 2019 11:10 PM | Report Abuse

r. i. p con stock n con ong kah hoe. yet another signed contract being terminated by rubbish gov


Candyliow99
74 posts

Posted by Candyliow99 > Mar 2, 2019 12:39 AM | Report Abuse

https://www.klsescreener.com/v2/news/view/497720


gxltwsb
5 posts

Posted by gxltwsb > Mar 3, 2019 1:52 PM | Report Abuse

Datuk Koon Poh Tat is Co-founder of Pmatal,do private placement , any help to this company to gain project ? will goreng it soon ? hahahaha


CFTrader
773 posts

Posted by CFTrader > Mar 4, 2019 11:56 AM | Report Abuse

I have only have 1 sentence to say to this company.

Screw this rubbish company.

Sincerely
CFTrader


noobbie
866 posts

Posted by noobbie > Mar 14, 2019 9:57 AM | Report Abuse

finally move...gogogogo

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