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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.
  TreeTopView Technically, a better chance of this puppy moving up now that Monday's gap has been closed today. Although, Monday's little price and volume spike with the gap has messed up the chart short term. I preferred the look of the chart more at last Friday's close. 07/04/2021 3:37 PM Sunshine123 Thank you for your views TreeTopView ... although the price will probably move up now is probably my most accurate interpretation of your anslysis. 07/04/2021 3:47 PM TreeTopView Sunny, what does it need? Let's see if you have been paying attention in class :) 07/04/2021 4:11 PM Sunshine123 You said "volume." So let's hope there will those BI's buying in. Retailers by themselves will not be able to pump up the volume. 07/04/2021 4:24 PM Sunshine123 Ha! Ha! Thanks. You explain things very well, but lack of technical knowledge does get in the way of full understanding for someone who has not learnt TA. 07/04/2021 4:44 PM TreeTopView There is not much I can disagree with in regards to Kenaga;s latest technical offering.......https://klse.i3investor.com/blogs/kenangaresearch/2021-04-22-story-h1564079263-Daily_technical_highlights_ndash_ECONBHD_UMW.jsp The price has been able to remain above the 47/47.5 support level for quite some time now but really needs to take on the 50 cent price point. It obviously hasn't happened yet but I'm still waiting in anticipation. The current overall market/ Covid situation hasn't helped the cause but I still believe it should eventually happen. Best of luck. 24/04/2021 9:47 AM Sunshine123 No, don't drop anymore. Am tired of the long, long wait. Time for the price to teally move up. I hope. 28/04/2021 3:40 PM TreeTopView Melissa, they will be chasing large civil projects, so hopefully they will get some of the major government incentive mega projects that have been announced. The Cambodia project they secured late last year should also be due for a start in the very near future. That project was for a 30 month time scale for a total of Rm347 Million, so over 8 quarters it should add an average of Rm43 million per quarter to their revenue figures. 29/04/2021 10:23 AM TreeTopView No problems, Melissa. Patience is the key in this current market environment, as there is a total lack of confidence and commitment from the buyers of many stocks. Most price rises get hit with plenty of sellers happy to take the cash for now. I'd like to see the Bursa eventually move to at least a minimum of 1630 and remain above that level, then we might see more interest from buyers of stocks. With Covid numbers rising daily here, it's hard to know when that will happen. Add the political shambles to the mix and it's no wonder that we are in this current mode. My tip.....open a bottle of wine and enjoy each day until a change comes :) 01/05/2021 8:27 AM  Gtrade commodity bull run , steel,iron ore, aluminium,cement will cause construction company to suffer higher cost, and margin will be squeeeeeeeze. Commodity bull run is a related to inflation rather tthan demand. As a simple logic, commodity prices have all gone upby 50-200%, but do we see any 50%-200% increase in construction projects vs pre covid 19 period? 05/05/2021 10:33 PM JK22 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3157606 18/05/2021 8:17 PM Winner_Master Today seen a bit panic selling. Full lockdown or not really impact the stock price having correction. Anyhow, will foreseen stock price can back to 0.46 if no further full lockdown. 19/05/2021 7:39 PM Winner_Master Tomorrow is very critical for the price movement. If price cannot sustain and drop further below 0.43. Then next downtrend to 0.39. If price can stay above 0.44,then next rising point will able to reach 0.45-0.47 this week, unless big volume buying to push price higher. But quite difficult to see big volume buying unless Econ QR record big profit. 19/05/2021 8:58 PM JK22 Drop give chance to collect +++++++++++++++++ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3158185 20/05/2021 9:32 PM TreeTopView Econpile secures their second contract in a week, with this latest one for Rm64 Million and a RM27 Million earlier in the week. It probably wont do much for the share price in this current market mode but it's good to see them picking up significant projects. The Rm340 Million+ Cambodian project is estimated to start adding to their financials commencing in July and run for 8 quarters. 21/05/2021 8:22 AM Sunshine123 You mean 2022 or 2023? Probably not. But true, it has been frustrating holding on to this stock. 30/05/2021 10:31 AM  sd99 It will some time laa to rm1... Once msia fully opens and all construction back on track price will appreciate.. but i dont think so soooon .. im stuck here too 07/06/2021 11:22 PM Godofgambler https://www.thestar.com.my/business/business-news/2021/05/20/econpile-receives-rm6435mil-construction-job 08/06/2021 10:20 PM Godofgambler https://www.google.com/amp/s/www.bharian.com.my/amp/bisnes/korporat/2021/05/818798/econpile-dapat-kontrak-kerja-cerucuk-pavilion-square 09/06/2021 10:25 PM Sunshine123 I'm also hoping that it will trend up. Looks to be doing that now, so I'm hopeful. 10/06/2021 7:10 PM sd99 Patience my friends… i have bigs lots here parked coz i know pay time will come soon :) 10/06/2021 9:06 PM sd99 Looking at the buying vol this week, Next week will test above .50cents Hope so can break resistance .55 cents … 11/06/2021 10:57 PM TreeTopView This puppy is always keen to come out of its kennel and take a bit of a stretch in preparation for a walk or little run. It seems to take a look at the weather then decides that its more comfortable back inside its kennel. One day it will actually get further than the front gate and take a decent run, the only question is......WHEN? :) 12/06/2021 10:55 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
