Highlights
KLSE: ZECON (7028)       ZECON BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.275   -0.01 (3.51%)  0.265 - 0.275  1,596,500
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Overview

Market Cap: 36 Million
NOSH: 131 Million
Avg Volume (4 weeks):2,720,365
4 Weeks Range:0.22 - 0.385
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:0.15 - 0.63
52 Weeks Price Volatility (%):
26.04%
Average Price Target: 0.50
Price Target Upside/Downside: +0.225

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#2]  |  28-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  25-May-2019
T4Q P/E | EY: 3.34  |  29.91%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.75  |  0.16
T4Q NP Margin | ROE: 7.55%  |  4.70%

Headlines

Date Subject
14-Mar-2019 Technical Buy: ZECON (7028)
13-Aug-2018 不进则退.古晋医院工程取消.亿强失市场信心
09-Aug-2018 Mplus Market Pulse - 9 Aug 2018
09-Aug-2018 PublicInvest Research Headlines - 9 Aug 2018
24-Jun-2018 StockAlliance - CNOUHUA & Zecon (Amendment)
23-Jun-2018 StockAlliance - ZECON & CNOUHUA ( Be different from others )

Business Background

Zecon Bhd provides civil engineering and building construction services. The company operates through five business segments: Construction, Property Development, Toll Concession, Service Concession and Others. The Construction segment engages in piling works, foundation engineering, and building construction. The Property Development segment engages in property holding and development. The Toll Concession segment engages in operation and maintenance of toll bridge and collection of toll revenue. Service Concession segment engages in construction, operation, and maintenance of the hospital. The Other segment engages in management services. The firm derives majority revenue from Construction segment.
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SpicyMcDeluxe https://www.klsescreener.com/v2/financial-reports/view/67097
27/02/2018 6:50 PM
scaniaz STANDBY..TMROW FLY!!! :))
21/03/2018 4:18 PM
scaniaz Fly soon!
Standby guys!!!
:))
22/03/2018 11:29 AM
AhPek What's the good news??? They lost a lot last Qtr.
22/03/2018 1:52 PM
scaniaz ready guys!!!
pullback recovery soon! :))
27/03/2018 11:05 AM
AhPek Scaniaz, what's the news???
27/03/2018 4:01 PM
XXXvalue all swak counters that live on handouts from federal will find it hard to survive next 5 yrs.
21/05/2018 11:18 AM
AhPek Zecon falls under this category???
21/05/2018 3:24 PM
SAStockAlliance https://klse.i3investor.com/blogs/stockalliance/162425.jsp
Here is what we think of our stocks ZECON & CNOUHUA. Possible a volatile day for these two stocks during monday. Cheers and goodluck everyone. Stay with us and hopefully next week is a good day
23/06/2018 5:36 PM
SAStockAlliance After CNOUHUA. Now ZECON. By SA
25/06/2018 10:06 AM
niamah shit...rescue job will become costly....might shoot up to RM 1.8/bed already
04/07/2018 8:56 AM
bachalet Hi,

Will this effect their hospital concession in Cheras as well (which is being held by the same entity, Zecon Medicare)?

And what will happen to the 49% sales of Zecon Medicare to Sarawak state for RM155mil? In the news it seems that even the sarawak state was agreeable for the termination of Zecon Medicare as Petra Jaya Hospital contractor. Don't understand why you would want to do that if you plan to buy the company, right?

Thanks.
04/07/2018 10:06 AM
08/07/2018 3:34 PM
AhPek High volume lately. What's going on???
26/07/2018 4:08 PM
Winmore88 monitor Zecon Superb closely! take 39c sell 44c
06/08/2018 1:53 PM
joeylee2013 T4 churning all the time
08/08/2018 11:26 AM
hisehatu Termination of contract Hospital Petra jaya kuching.
09/08/2018 5:13 PM
Goldchia MH (吉隆坡9日讯)亿强工程(Zecon Bhd)公布,收到大马公共工程局(JKR)终止砂拉越州古晋Hospital Petra Jaya建设的通知后,今早应声下跌5%。
截至9时25分,该股跌2仙,报38仙,共52万5800股易手。
该合约总值4亿9500万令吉,于2013年4月由JKR首次授予亿强工程。
亿强工程表示,这项所谓的终止合约是不合法的,并已就此寻求法律意见。
10/08/2018 7:05 PM
matthew 会影响大吗
10/08/2018 10:18 PM
klsar1 This is a chee bai company. Stay away and let it rot.
24/08/2018 9:32 PM
commonsense Every 4th quarter got gain from fair value of investment properties. FY 2017 and 2016 also have. Hahahaha. Nice.

If you take that out, the 4th quarter result would have been -RM87.7mil.

The hospital in cheras supposed to be completed in Nov. Can meet the target or not?

The company already pissed off MOH with delay in Petra Jaya Hospital. Federal govt already cancel the contract.

Would they face the same fate for the Cheras hospital.

Lets wait for Nov to see.
30/08/2018 11:14 AM
Lim Tek Wai Best timing to invest now, buy more earn more hehehe
30/08/2018 11:32 AM
Jasper Coo This stock become stronger and stronger, worth to invest
30/08/2018 12:25 PM
1506914 net asset per shre is 2.24 but the stock price only 0.35
16/09/2018 12:31 AM
1506914 Who can answer me
16/09/2018 12:31 AM
commonsense This month is supposed to be the deadline for the delivery of the Hospital Pakar Kanak Kanak in Cheras. Can they meet the target? Or is there going to be a risk of cancellation as to what happened with their Petra Jaya hospital contract. The only difference here is that the progress for Cheras is a lot better compared to Petra Jaya. As of July, it was 74% completed.

http://www.ukm.my/hkkpukm/

The recent statement of material uncertainty (current liabilities exceed current asset) is also a big worry. Has it effected the operation of the company in particular the completion of the Cheras hospital.

What happen with the RM155mil deal between Zecon and the Sarawak state? The last announcement was back in March. Is it still on? Just wondering since Sarawak state was also agreeable to cancel the company Petra Jaya contract back in July. Why invest in a contractor that you just rejected?

https://www.thestar.com.my/news/nation/2018/07/06/main-contractor-of-hospital-petra-jaya-in-sarawak-to-be-fired/
06/11/2018 7:55 PM
commonsense For some reason, if you are interested in investing into this company, it is advisable you wait till they complete the Hospital in Cheras. Once that is done there will be less risk facing the company.

Highest risk will always be during construction period for this type of company especially if there are delays (which the company is actually facing for the Cheras hospital. supposed to be completed in Nov). The biggest risk would be the cancellation of the concession contract (this is actually where the big values lies for Zecon hence why Sarawak govt was interested in acquiring Zecon Medicare). They already had their Petra Jaya Hospital contract cancel earlier this year. Not sure if they need to pay LAD...

Anyway if you are looking to diversified a bit of your portfolio outside of the construction industry, i would recommend you to buy MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 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.

Good luck.
04/12/2018 10:04 AM
AhPek 0.20 Habis lah
18/12/2018 3:46 PM
AhPek Si liao liao
19/12/2018 3:49 PM
commonsense The handover of the Hospital Pakar Kanak Kanak (HPKK) is delayed to July 2019 instead of Nov 2018. I think they will need to pay some LAD (penalty) which should be reflected in the 2Q and 3Q of FY19. That is still ok as long as they still hold the concession. What would be more worrying is if they failed to complete the hospital by the new deadline of which I think the government might be forced to cancel the contract just like what had happen to their Petra Jaya contract which was terminated in July 2018 due to continuous delays.

Given the company's very weak balance sheet (current asset of RM210m vs current liabilities of more than RM800mil), I have my doubts on their ability to complete the HPKK project before the new deadline.

If you are looking to diversify your portfolio outside of Zecon (due to its earnings uncertainties and going concerns issues) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.
22/01/2019 12:41 PM
AhPek What's going on with Zecon? High volume.
06/03/2019 3:18 PM
legend PPAM contract terminations to impact more developers: Report

KUALA LUMPUR (March 9): More Malaysia Civil Servants Housing Programme (PPAM) projects are “expected to be either put on hold or shelved”, reported The Edge Malaysia in its latest issue.

A source told the weekly that Protasco Bhd has been informed by Putrajaya Corp (PjC) (the project owner of PPAM in Putrajaya) to “temporarily postpone” development.

It was reported on Feb 27 that Damansara Realty Bhd announced that PjC had terminated a contract to develop 1,350 residential units and 45 commercial units with a gross development cost of RM467.3 million in Precinct 5 of Putrajaya.

Damansara Realty announced that the termination “was due to the government’s move to unify the development of affordable homes under the Ministry of Housing and Local Government”.

Developers contracted to construct PPAM homes include Ahmad Zaki Resources Bhd, Hap Seng Consolidated Bhd, Iris Corp Bhd, Zecon Bhd, LBS Bina Bhd and Spring Gallery Bhd.

“The level of progress of these projects could not be ascertained,” wrote the business publication.
10/03/2019 6:50 PM
Primeinvestor ZECON - ANOTHER SARAWAK STOCK!
13/03/2019 5:00 PM
TrendLai Sarawaaaak, tomorrow another stock to watch, see how this mini will react .....
ZeeeeeeeeeCCCCCooooooooooNNNNNNNNNNN
13/03/2019 5:17 PM
beso not every srw counter can perform,this is one of the bad choice
13/03/2019 5:20 PM
Primeinvestor datuk zainal collecting already, better buy ! zecon nta 1.65
13/03/2019 5:24 PM
shareking1 砂拉越概念股都起了,dayang, naim, perdana, zecon, scable, trc, kkb, hsl , cmsb
14/03/2019 9:17 AM
kyosan @beso , got $600mil cash liao from disposal to srwk govt.
14/03/2019 11:12 AM
Tim2812 U jump I jump ? Or all jump?
14/03/2019 11:30 AM
sufian572 trap at 0.355
should cut loss or hold?
14/03/2019 12:59 PM
Sinoboy This forum sure is quiet...
15/03/2019 4:41 PM
wengi3in zecon going to fly soon. buy while still cheap!
17/03/2019 5:59 PM
Sinoboy Hahaha. Naim yes, zecon no...
17/03/2019 9:52 PM
Sinoboy Hmmm, Petra Jaya hospital project may be revived...
19/03/2019 11:40 AM
Sinoboy Could be good news for zecon...
19/03/2019 11:41 AM
Mudamuda Remaja Mudamuda zecon going to fly soon. buy while still cheap!

17/03/2019 17:59
20/03/2019 10:28 AM
Mudamuda Remaja Mudamuda yeeeeeeeeeeeeeeeeeeeeessssssssssssssssss
20/03/2019 11:33 AM
Sinoboy Dropping...
21/03/2019 2:25 PM
Sinoboy Still dropping...
22/03/2019 10:51 AM
venture run
22/03/2019 11:38 AM


 

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