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Overview
Financial Highlight
HeadlinesBusiness Background Econpile Holdings Bhd along with its subsidiaries is engaged in providing construction and piling solutions and building foundation works. Its services include earth retaining systems, earthworks, various piling processes, and basement construction works. All the business operations are carried out of Malaysia. The company primarily serves the property development and infrastructure industry. The other non-reportable segments include investment holding, rental of investment properties and machinery, trading of machinery and related accessories. Econpile generates revenue from construction contracts and rental income.
  Ammar Roshidy @ Ding Ding you made a nice joke with Econpile's name, Your name is also quite nice. 08/08/2019 6:27 PM  RedEagle Critically, as Jim Grant noted recently, the spread between the 10-year and three-month yields is an important indicator, James Bianco, president and eponym of Bianco Research LLC notes today. On six occasions over the past 50 years when the three-month yield exceeded that of the 10-year, economic recession invariably followed, commencing an average of 311 days after the initial signal. Finally, Joseph Carson, former Director of Global Economic Research, Alliance Bernstein, notes that recessions are far from being alike and their symptoms and causes differ over time. Despite its many shapes and sizes the historical regularity that an inverted Treasury yield curve has coincided with recession has raised concern now that yields on longer-dated Treasuries have fallen been below shorter-term yields for several months running. The power of the term spread to predict or anticipate economic recessions needs to be respected, but there are several new domestic and global factors that are present today, suggesting that the signaling effect from changes in the Treasury yield curve directly to the economy's future performance might not be as robust as it was past periods. First, this is the first economic cycle that involved a bond-buying program by the Federal Reserve. The quantitative bond-buying program produced a technical anchoring effect at the long-end of the bond market that was not present in prior cycles. While this program did not cause a yield curve inversion by itself it did result in a flatter yield curve than what otherwise would have been the case, and as a result, it would not take much force from other factors to trigger an inversion in the term spread of yields. Second, given the increased globalization of the financial markets the appeal and demand of long-dated US Treasury securities is often based on the yields available in other major economies. Long bond yields in a number of major economies (such Germany, Japan and France) are negative and many others (including the UK, Spain and Australia) are below 1% and that has led to an increase in global demand for long-dated US Treasury securities since yields in the US are in some cases 100 to 200 basis points over the yields of comparable maturities in other economies. That increased global demand for US securities is a new technical factor and unrelated to the performance of the US economy. Third, this is the first time the inversion of the Treasury curve occurred with nominal yields at the short and long end that were well below the growth in nominal income and GDP (or the economy's yield curve). Why is that important? There is a direct negative consequence to the economy's performance when the cost of borrowing exceeds the growth in nominal income. At that point, the cost of new borrowing starts to become too costly, leading to a slowdown or a decline in credit use, and a weaker economy. Although it is often overlooked, all of the Treasury yield curve inversions that have preceded recessions have coincided with an inversion in the economy's yield curve, or when short and long-term nominal rates were above the growth in nominal income and GDP. The fact that the Treasury yield curve has inverted at relatively low nominal yields, suggests that the interest rate channel is not producing the restrictive influences on the economy as it did during prior inversions and instead is actually providing a cushion (or stimulus) to the economy. Policymakers should take note of this unusual occurrence and not rush to ease policy further, saving its interest rate powder for another time. If the Treasury curve inversion is not producing a restrictive influence on the economy as it did in the past can the US still experience a recession? Yes, but it would come from different channels. The biggest recession risk today centers around the trade dispute between the US and China. Trade disputes have the potential to be very disruptive and contractionary and can operate through a number of channels, such as trade volumes and production, currencies and prices and asset markets. Of all of these channels, the biggest vulnerability for the US is the equity channel since the market value of equities relative to income and GDP is at record highs, providing consumers with vast sums of liquidity and wealth. If the imposition of new tariffs and the uncertainty over what may follow triggers a de-risking and rush to exit, sparking a sustained 25% to 30% correction in the equity market that by itself could trigger a recession as it would deal a substantial blow to consumer liquidity and wealth, and an abrupt and sharp decline in spending and confidence. That is not a forecast or a prediction but merely an observation that all recessions have been caused by some form of a demand shock, and the inverted yield curve merely highlighted the vulnerability of the economy to a potential bad outcome. 15/08/2019 8:28 AM xiang13001 https://www.theedgemarkets.com/article/econpile-may-climb-higher-says-rhb-retail-research-2 15/08/2019 12:45 PM xiang13001 https://www.theedgemarkets.com/article/econpile-may-climb-higher-says-rhb-retail-research-2/?wtf=url_problem 15/08/2019 2:51 PM Newbiestrading2 Econbhd 17/8/2019 this 0.800 strong resistant need to break to go back to the previous high. time is just a matter. please follow newbietradingchannel at telegram 17/08/2019 11:30 AM Newbiestrading2 Econbhd 17/8/2019 this 0.800 strong resistant need to break to go back to the previous high. time is just a matter. please follow newbietradingchannel at telegram 18/08/2019 11:44 AM Newbiestrading2 Econbhd 23/8/2019 seems like this 0.745 support is supporting well for this counter. please follow newbietradingchannel at telegram 24/08/2019 8:49 AM greenpack http://www.bursamalaysia.com/market/listed-companies/company-announcements/6268061 28/08/2019 6:04 PM lambsauce now construction sector n property market so quiet, got this profit is good already 28/08/2019 6:13 PM Daily8 Profit of 8mil and a gain of 4.8mil from gain of disposal of equipment. Just so so. 29/08/2019 6:34 AM chyeoh1972 short at 0.765...hehe..later can buy back at 0.76 or lower at this afternoon...the qr is so so only that why the price cannot move 29/08/2019 10:18 AM Bigbull99 price cannot move is because whole construction industry lose its glamour and attractiveness, no matter how good your profit, market sentiment bad, stock dont go up. people all sidelined. good stuff also wont move. 29/08/2019 10:44 AM kt6608 AmInvest's TP is 0.24! I hope all their clients will start dumping the shares tomorrow. The analysts who wrote the masterpiece have no balls to reveal their identities. 29/08/2019 8:29 PM andry_ong IBs are mosters in Bursa, many fall prey to their trick and cons without realize they are the culprit. 30/08/2019 8:44 AM Daily8 Do you guys notice the par value is still 20 cents only for ECONBHD? Any idea how it works? 05/09/2019 7:46 AM Bigbull99 Next year onwards will be construction play. Ready for "feel good factor" leading into election. Buy beaten down stocks and keep, guarantee 2021 2022 construction will boom (provided no external factor crashing the economy) 05/09/2019 2:01 PM  James Ng https://klse.i3investor.com/blogs/general/223762.jsp [转贴] [ECONPILE HOLDINGS BHD：收入增长主要来自基础设施项目] - James的股票投资James Share Investing 06/09/2019 4:51 PM The speculators The speculators Where Can u turn so many Time , only 1 Time only lah 09/09/2019 4:40 PM andry_ong If you know decision making is wrong and you are trying to correct. It is not a bad thing at all, 11/09/2019 8:55 AM  |
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