KLSE: IKHMAS (5268)       IKHMAS JAYA GROUP BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.155   -0.005 (3.12%)  0.155 - 0.16  2,081,500
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Market Cap: 84 Million
NOSH: 543 Million
Avg Volume (4 weeks):3,056,915
4 Weeks Range:0.12 - 0.18
4 Weeks Price Volatility (%):
52 Weeks Range:0.09 - 0.415
52 Weeks Price Volatility (%):
Average Price Target: 0.11
Price Target Upside/Downside: -0.045
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#4]  |  28-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  31-May-2019
T4Q P/E | EY: -3.13  |  -31.99%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3288  |  0.47
T4Q NP Margin | ROE: -10.67%  |  -15.02%


Date Subject
01-Mar-2019 Ikhmas Jaya Group Berhad - Another Disappointing Quarter
01-Mar-2019 Ikhmas Jaya - Turbulence still not over
08-Jan-2019 亿马建筑 合约中止盈利冲击微
07-Jan-2019 PublicInvest Research Headlines - 7 Jan 2019
07-Jan-2019 Ikhmas Jaya Group Berhad - RM11m Remaining Contract Terminated
05-Dec-2018 Mplus Market Pulse - 05 Dec 2018
03-Dec-2018 Ikhmas - A temporary surge
03-Dec-2018 Ikhmas Jaya Group Berhad - Unfavourable Margin
01-Oct-2018 PublicInvest Research Headlines - 1 Oct 2018
01-Oct-2018 Mplus Market Pulse - 1 Oct 2018
03-Sep-2018 Ikhmas Jaya Group Berhad - Hope for the Best
03-Sep-2018 Ikhmas Jaya - Weaker earnings as expected
19-Jul-2018 Ikhmas Jaya Group Berhad - Bags Marine Bridge Contract
19-Jul-2018 Ikhmas Jaya - Another job secured but cautious on balance sheet
19-Jul-2018 Mplus Market Pulse - 19 Jul 2018
18-Jul-2018 [转贴] [IKHMAS JAYA GROUP BHD,总订单金额约为9亿令吉提供了良好的盈利前景展望] - James的股票投资James Share Investing
01-Jun-2018 Ikhmas Jaya Group Berhad - Better FY18
01-Jun-2018 Ikhmas Jaya - Boosted by normalised margin
07-May-2018 亿马可继续持有?
27-Apr-2018 Ikhmas Jaya Group - FY17 headline net profit restated, down by 52%

Business Background

Ikhmas Jaya Group Bhd is engaged in civil and building construction. The company involves in the engineering and construction of piling and foundation, bridges and buildings. Its only product is engineering and construction which includes piling and foundation, bridges and building wherein the piling and foundation it offers piling works, construction retaining walls, constructions of the basement. Piling work is the process of placing piles or supporting columns below the ground to support or to serve as the foundation for above ground structures that specialized in bore piling and micropiling. construction retaining walls used to retain soil, rock or other material in a vertical condition. constructions of basement incorporated as part of piling and foundation work.
Analyze this stock with MQ Trader system

  4 people like this.
tomwah Tomorow up up up
12/02/2019 7:27 PM
Veron_teo tp 0.5
12/02/2019 8:34 PM
Salsabila next TP 0.18 and TP2 0.255 let wait and see
13/02/2019 2:37 PM
apolloang dec 9cts only now almost up 100% already
13/02/2019 2:39 PM
deathgodwoairuo this counter related with lrt3?
14/02/2019 8:08 PM
Kinz careful , few more project will be terminate .
15/02/2019 9:59 AM
tomwah trgt.20. Next week
15/02/2019 2:42 PM
Jomkaya4 go go go on
15/02/2019 4:22 PM
Jomkaya4 tomorow morning comfirm .20sen
18/02/2019 12:34 AM
Salsabila Jomkaya4 Hope so...
18/02/2019 6:31 PM
Ttrader Support at RM0.155
Resistance at RM0.175
19/02/2019 9:37 AM
Kho Hon Hua got chacne to move up ?
19/02/2019 3:14 PM
Peter2357 In 2015 Ikhmas Jaya IPO price is 57cts
Present price of 16.5 cts is a big discount.
19/02/2019 8:35 PM
dragonz98 Private Placement on 20-Feb-2018 is 0.570

It will fly over 0.57 once day. Very cheap now.
20/02/2019 11:14 AM
Ttrader Ikhmas still on Hold as low volume.
20/02/2019 4:29 PM
tomwah UP UP
21/02/2019 11:47 AM
tomwah standby
21/02/2019 3:41 PM
genius 23 sen
21/02/2019 5:26 PM
Scorse Buy time?
22/02/2019 8:52 AM
Kho Hon Hua still can go ?
22/02/2019 11:28 AM
kakakemas will fly.
22/02/2019 11:40 AM
Scorse already in
22/02/2019 3:37 PM
ran777rpt Not that fast. 21 mil done yesterday.
22/02/2019 6:00 PM
ytk666 Monday buy
23/02/2019 11:34 AM
Kho Hon Hua Monday think can go to 19c, will be?
23/02/2019 7:06 PM
dragonz98 Website no more????? no money ????
27/02/2019 3:48 PM
ivan9511 need see results
If super good results will back to 50sen or above
this last last come results sometimes is surprise with Jakcports like Media give jackpot
those goreng up up up will suddenly bad results
always happen like biport also
27/02/2019 4:07 PM
birkincollector worst result one can imagine lol
28/02/2019 6:42 PM
CITADEL superb result!! limit up tomorrow
28/02/2019 6:47 PM
kakakemas bad result mahh
28/02/2019 7:13 PM
LCLY Best result announced today. Awesome. All in tomorrow
28/02/2019 11:22 PM
legend many gila already hahaha
28/02/2019 11:25 PM
gggSTOCK didnt drop much. company financial stronk
01/03/2019 10:49 AM
Peter2357 Still has hope...can hold for better quarter result ...cleaning process done
01/03/2019 8:56 PM
01/03/2019 8:57 PM
kakakemas why u guy so interested in this counter?
01/03/2019 9:59 PM
VK Good price to enter. at support price now. reversal will happen today. Based on TA.
04/03/2019 9:51 AM
dragonz98 IJGB Q4 2018 Results 31.12.2018

B1. Review of the Performance of the Group (Continued)
FY2018 versus FY2017

The Group recorded a lower revenue of RM287.2 million for the current financial year ended 31
December 2018 i.e. a decrease of RM16.0 million (or 5.3%) as compared to RM303.2 million
recorded in the preceding year ended 31 December 2017.

The lower revenue was mainly due to the decrease in construction activities and work done as
the three (3) newly secured projects were still in their initial take off phase whilst two of the
existing major projects i.e. the bridge project in Melaka and mall project in Kuala Terengganu
were already in their completion phase.

During the current financial year under review a lower gross profit margin of 3.2% was recorded
as compared to 9.8% gross profit margin achieved during the preceding year.

Without the impairment charges of RM34.0 million on contract assets in the cost of sales, a higher
gross profit of RM43.3 million would have been achieved and the average project margin would
have been significantly higher at 15.1%.

As a result of the impairment charges, the Group underperformed with a loss before tax of
RM34.4 million as compared to profit before tax of RM9.7 million in the preceding year. After
taking into account its tax impact, a loss after tax of RM30.6 million was recorded for the current
financial year ended 31 December 2018 as compared to a profit after tax of RM5.9 million
achieved in the preceding year.
05/03/2019 1:01 PM
snwong13 .
Kena again!

05/03/2019 9:15 PM
tomwah start moving
06/03/2019 4:39 PM
kakakemas Malaysia boleh! company kena saman pon boleh naik ka? after i left this stupid counter, the price increase.
06/03/2019 7:55 PM
Jomkaya4 esok .20sen
06/03/2019 8:34 PM
Jomkaya4 go gogo
06/03/2019 8:35 PM
kakakemas who bought all 145?
07/03/2019 11:45 AM
hondapetak its coming,ready!
07/03/2019 4:56 PM
Jomkaya4 time frame .25sen..
09/03/2019 12:11 PM
deathgodwoairuo can reach 0.3x?
11/03/2019 12:21 AM
commonsense Ikhmas recorded a total core net loss (excluding impairments) of around RM14.2mil in FY18. Investors need to expect potential losses in the next quarter as well based on the 4Q18 result where even the gross profit margin was a negative of -25% vs 4Q17 GP margins of 3.4%. Any improvement to the bottom line can only be achieve if the government decides to increase back the infrastructure spending which might not happen in the near future.

At the current environment, any new contracts won might not necessarily deliver the expected profit. Given the lack of projects at the moment, a lot of contractors are quite desperate in securing any new contract. Most are willing to submit a tender that is low (with potentially small profit only) and hoped for negotiations of variation orders afterwards at the end of the construction with the clients. Until there are more contracts/ projects to be awarded/ tendered, this depressing low profit margin environment is likely to remain. Ikhmas will most probably still post losses if not only small profit in the near quarters to come.

If you are looking to hedge your portfolio outside of Ikhmas (due to its weak earnings outlook), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.3x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.1x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
13/03/2019 10:39 AM
BigPro Many share counters you put above comment to promote MBMR, so desperate...
18/03/2019 11:41 AM
tomwah ?????? slow and stable
22/03/2019 2:54 PM


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