Highlights
KLSE: VERTICE (7240)       VERTICE BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.205   +0.01 (5.13%)  0.185 - 0.205  142,200
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Overview

Market Cap: 39 Million
NOSH: 189 Million
Avg Volume (4 weeks):349,984
4 Weeks Range:0.17 - 0.22
4 Weeks Price Volatility (%):
70.00%
52 Weeks Range:0.10 - 0.97
52 Weeks Price Volatility (%):
12.07%
Average Price Target: 1.08
Price Target Upside/Downside: +0.875

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#4]  |  30-Jun-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  29-Aug-2020
T4Q P/E | EY: -1.59  |  -62.93%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.54  |  0.38
T4Q NP Margin | ROE: -39.64%  |  -23.89%

Headlines

Date Subject
04-Jan-2020 Stock Pick Year 2020 by The Star
17-Oct-2019 Mplus Market Pulse - 17 Oct 2019
11-Oct-2019 Stock on Radar - Vertice (7240)
03-Sep-2019 Vertice Bhd - Penang Infrastructure Beneficiary

Business Background

Vertice Bhd manufactures apparels, footwear, and accessories and operates a cafe and fair events. It is also engaged in branding and retailing of beauty and wellness products. The group is currently operating principally in Malaysia only. The company's reportable segment includes Apparels, footwear, and accessories; Food, beverage, and events; Beauty and wellness and Construction. Apparels, footwear and accessories segment provides designing, branding and retailing of fashionable apparels, footwear, sportswear, and accessories, and operation of concessionaire sales. Food, beverage, and events provide operation of a cafe, retailing and related services, and operate as an organizer in sales and fair events.
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  爱丽丝 梦幻世界 likes this.
 
apolloang any reason share up today? cos I sold already.....everytime sold sure up......all ib's manipulation in bursa yet bursa buat tak tahu
28/11/2018 4:33 PM
goldenluck16 Vertice and Vizione,,,,,stocks to watch on Monday. CNY ang pow counters.
31/01/2019 9:02 PM
michaelwong Vizione maybe yes but not vertice .
31/01/2019 9:15 PM
Jimmy Song VERTICE’S REVENUE SURGED BY 58%


KUALA LUMPUR, MALAYSIA – FEBRUARY 27, 2019

Vertice Berhad (“Vertice” or “the Group”) is pleased to announce its financial results for the quarter and year-to-date ended 31 December 2018. The Group announced on 27 November the change of its financial year end from 31 December 2018 to 15-months ending 31 March 2019.

For the quarter under review, the impressive 58%, year on year, increase in revenue to RM53.3 million was primarily attributed to the construction business on-going projects progressing with higher capacity in terms of value of work done which resulted in higher progress billings. The commencement of two new projects secured with contract values ranging from RM10 million to RM25 million and an existing contract with additional scope of works further improves the revenue for the current quarter as compared to preceding year corresponding quarter.

As compared to the preceding year corresponding quarter loss after tax of continuing operations of RM2.2 million, the current quarter profit after tax of RM0.3 million was mainly contributed by the construction business’ outstanding performance. The construction business recorded a RM1.6 million profit before tax (“PBT”) as compared to RM0.4 million achieved in the preceding year corresponding quarter.

The year-to-date revenue increased by 67% or RM80 million from RM120 million in preceding year corresponding period to RM201 million. The construction business contributed 77% or RM62 million out of the increase of RM80 million.

The construction business year-to-date PBT was RM4.1 million in contrast to RM0.7 million recorded in the preceding year corresponding period. This was achieved with more contracts secured and more progress billings in the current financial year as compared to last financial year. As a result of the increasing positive returns propelled by the construction division, the Group’s overall balance sheet improved significantly. Net asset per share rose to RM0.78 as at 31 December 2018 compared to the previous RM0.64 per share as at 31 December 2017.

In January 2019, the Group's construction arm, Vertice Construction Sdn Bhd, through its 50:50 joint venture company, Buildmarque Construction Sdn Bhd, accepted the letter of award of contract worth RM815 million for the construction of a by-pass from Bandar Baru Ayer Hitam connecting to Lebuhraya Tun Dr Lim Chong Eu (Package 2 of the Penang Mega Infrastructure Project) ("PMIP"). The project is expected to commence construction on 31 August 2019. It is expected to contribute positively to the Group’s financials.
To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

Vertice Board of Directors commented, “We are delighted that our construction business continues to prosper and bringing in steady and increasing revenue and profits. This demonstrates that our construction arm is growing steadily.
In line with the Group's diversification initiatives, our construction business is continuously sourcing for new projects to enhance its order book. Such potential projects are expected to contribute positively to the Group’s financials. We are confident of securing more contracts from the PMIP in view that the said PMIP total contract value is RM6.0 billion (excluding Feasibility Study & Detailed Design worth RM305 million). With more packages being secured from the PMIP, the Group is expected to be kept busy for the next 10 years in terms of its construction business activities. The Group will continue with its diversification into infrastructure and property investment which will provide additional earnings streams which is expected to enhance the Group’s profitability and returns on shareholders’ funds.”
28/02/2019 9:31 AM
Jimmy Song PRESS STATEMENT
By Consortium Zenith Construction Sdn Bhd

4 March 2019
Response to posts by Malaysia Today blog on the undersea tunnel and roads project
It has been brought to my attention that Malaysia Today, a political blog outfit run by Raja Petra Kamarudin had posted a series of nefarious posts in regards to the Penang undersea tunnel and roads project.

These blog posts are pure fiction and clearly concocted to deceive and defame me, my company and the Penang state government. Even Prime Minister Tun Dr Mahathir Mohamad had said it is a lie.

Lest we forget, I have been once remanded for 11 days by the Malaysian Anti Corruption Commission (MACC) for what was billed as an extensive investigation into the project.

Besides me, my entire company was called for questioning, spending a total of 40 days in and out of the MACC office, cooperating with every single aspect that was being investigated. This includes close scrutiny of our accounts.

The MACC had even hired external consultants to see if we were fair in our pricing. And clearly, given the magnitude of our project, our prices were fair, justified and above board.

May I remind all sceptics out there that this case was investigated and completed way before the change of government had taken place. There was plenty of time to level charges against me or anyone else alleged to receive bribes.

Today, my primary goal today is to put all of my resources into this project as soon as possible so we can kick off with what will be ultimately useful for the people of Penang in the long run.

It has been very challenging for me over the years to counter every single allegation, but yet the truth has always prevailed. I pray that God gives me the strength to persevere and complete the task as I am tasked to do.

Dato' Zarul Ahmad Bin Mohd Zulkifli
Senior Executive Director
Consortium Zenith Construction Sdn Bhd
04/03/2019 9:59 AM
Investhor https://www.theedgemarkets.com/article/vertice-bags-rm100m-subcontract-lrt3-precast-viaduct

KUALA LUMPUR (March 6): Vertice Bhd has secured a RM100 million subcontract to supply labour and equipment for the precast viaduct (u-trough girder) of the Light Rail Transit Line 3 (LRT3).

The group's wholly-owned unit Vertice Construction Sdn Bhd (VCSB) accepted the subcontract offer from Reaptile Industry Sdn Bhd today, Vertice said in a stock exchange filing.

Reaptile is the main contractor for the precast viaduct for the construction of the LRT3 line from Bandar Utama in Petaling Jaya to Johan Setia in Klang via Shah Alam.

"The subcontract is expected to contribute positively towards the group's earnings and net tangible assets for the period of the subcontract," said Vertice.

The two-year construction period ends on March 5, 2021.

Shares in Vertice rose 4 sen or 4.7% to close at 90 sen today, giving the group a market capitalisation of RM168.22 million.
07/03/2019 3:19 PM
volks2 why the price suddenly up? any news?
10/10/2019 9:22 AM
bajauinvestor the pigeon bring news that penang tunnel project will be announce in budget 2020
10/10/2019 9:58 AM
goldenluck16 Tomorrow will announce tunnel project, besides Vertice, look out for Ewein and Ideal.
10/10/2019 5:09 PM
Noni https://www.theedgemarkets.com/article/verticevizione-jv-wins-rm815m-job-penang-mega-infrastructure-project

Get back??
11/10/2019 2:37 PM
Noni https://www.theedgemarkets.com/article/verticevizione-jv-wins-rm815m-job-penang-mega-infrastructure-project

U mean getting this back?
11/10/2019 2:38 PM
陳 彥霆 drop a lot, can rebound?
03/03/2020 11:44 AM
apolloang Posted by goldenluck16 > Oct 10, 2019 5:09 PM | Report Abuse

Tomorrow will announce tunnel project, besides Vertice, look out for Ewein and Ideal.

all pakatan stocks mati kaw kaw
03/03/2020 10:05 PM
linheng whats happening. PN4?
10/03/2020 2:44 PM
chongkahagent Penang dap now opposition u think tunnel project still on???

Die kaw2 la

Ideal pg condo king going to be charged ??
14/03/2020 8:43 PM
chongkahagent Tunnel scandal will brew once muhiddin hold his leg stable
14/03/2020 8:43 PM
chongkahagent One after another worm will surface
14/03/2020 8:44 PM
apolloang beware....vertice,vizone and ideal....all ph counter
14/03/2020 10:23 PM
linheng Ewein move 50 % yesterday. Vertice still tidur
07/04/2020 4:32 AM
spielmacher new catalyst is coming..be ready
15/05/2020 10:53 AM
man8748 went down past few days..any miracle ?
15/05/2020 10:57 AM
linheng 52 Weeks Range: 0.10 - 0.97. Useless counter. Have not even recover to 30% of price
16/05/2020 4:38 AM
linheng Why did Rakuten Head of Research recommend this Stock at 80+ cents in Jan 2020. Although this co got no debt, the revenue is no good too.
Kenny Yee
Head of Research
Rakuten Trade
Stock picks: RCE Capital Bhd and Vertice Bhd
Vertice Bhd
Price: 87.5sen

Our second stock pick for 2020 is construction firm Vertice Bhd, which was formerly known as VOIR HOLDINGS BHD.

We are looking at this stock as the group is expected to return to profitability after streamlining its operations to focus on construction.

Last year was a transitional year for the group, following the sale of its majority stake in its fashion retailing business in 2018.

The outlook for the group’s construction business is bright, given Vertice’s alliance with the main contractor of the RM6.3bil Penang Transport Masterplan project, Consortium Zenith Construction Sdn Bhd.

There are four construction packages under main contractor, with Package 2, worth RM815mil having been awarded to Vertice.

Package 2 involves the construction of a by-pass from Bandar Ayer Hitam to Lebuhraya Tun Dr Lim Chong Eu.

The groups alliance with the main contractor of the project also provides the possibility of Vertice securing further work packages.

We also expect a boom in the construction sector this year, with mega infrastructure projects like Bandar Malaysia coming up, and this should be beneficial for Vertice.

Its participation in the construction scene in Penang is also positive, given that Penang is among the states with the most construction activities in the pipeline.

Overall we are optimistic on Vertice given its strong outstanding orderbook of RM1bil, and as the works on the Penang Transport Master Plan project will keep the group busy, providing earnings visibility for the next three to five years.
16/05/2020 11:17 AM
Alfonso where are those con man now, please help to promote this death counter again
21/05/2020 10:33 AM
spielmacher TP 15 sen
03/06/2020 10:02 PM
linheng Ewein got volume and moving today. Any connection between Vertice and Ewein
05/06/2020 10:28 AM
spielmacher vertice is PH counter. just pray PH will get Putrajaya back, otherwise TP 15
11/06/2020 3:15 PM
linheng Finally got hope after long suffering. The 46 Billion Penang Transport Masterplan is going ahead.
Refer this link : https://www.thestar.com.my/news/nation/2020/06/20/mega-projects-in-penang-to-go-ahead. This company is tie up with Zennith Construction for a few packages of the Penang Transport Masterplan. Refer to Kenny Yee Rakuten Head of Research, Stock Pick for Year.
The outlook for the group’s construction business is bright, given Vertice’s alliance with the main contractor of the RM6.3bil Penang Transport Masterplan project, Consortium Zenith Construction Sdn Bhd.

There are four construction packages under main contractor, with Package 2, worth RM815mil having been awarded to Vertice.
Hope its finally happening. No wonder very few sellers for last few weeks.
20/06/2020 3:26 PM
linheng Project going ahead even without federal govt support
20/06/2020 3:33 PM
linheng waking up
22/06/2020 5:35 PM
kllady_fidah limit down
30/06/2020 7:06 PM
spielmacher under SPRM radar. goodbye and good luck!
06/07/2020 10:51 AM
ABSBOSS same like dsonic and myeg bro, boleh up balik nanti..
07/07/2020 10:32 PM
ABSBOSS Sudah mari ooooo
08/07/2020 4:25 PM
ahgorgor seller very strong, siapa...........
08/07/2020 8:15 PM
ABSBOSS Volume sudah start mau mari
08/07/2020 10:56 PM
linheng Cash co with no debt.
09/07/2020 6:19 AM
linheng Lost patience. Go for faster ones
09/07/2020 6:19 AM
spielmacher Sprm sudah mariii
Lariiiii
09/07/2020 7:28 AM
man8748 hold or run ? down from 0.30 to 0.20 now. Debt free company don't know y dropping till this level
09/07/2020 3:08 PM
ABSBOSS apa lagi sudah beli mesti kena hold la..hope sprm rltarak kacau vertice la
09/07/2020 7:05 PM
ahgorgor buy low sell high
09/07/2020 7:56 PM
ABSBOSS @algorgor agreed
09/07/2020 8:02 PM
spielmacher Vista Lestari and Dato Z pon dah lariii
TP 15 sen
13/07/2020 11:26 AM
linheng Nobody running now?
15/07/2020 8:12 AM
kllady_fidah buy low sell lower..tp1 15 ,tp2 10 sen
28/07/2020 6:55 PM
hehexd118 https://www.thestar.com.my/news/nation/2020/07/15/penang-govt-announces-contract-award-target-dates-for-mega-projects

Lets hope it gets approve by september. Looking good !
30/07/2020 12:01 PM
spielmacher SPRM calling. Lariiii
07/08/2020 1:18 PM
kllady_fidah TP1 15 sen. Run***************
07/08/2020 8:28 PM
kllady_fidah run by blood sucking old seasoned pirates ..get out while u still can
11/08/2020 10:24 PM


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