KLSE: PTARAS (9598)       PINTARAS JAYA BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
2.31   +0.02 (0.87%)  2.28 - 2.31  21,900
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Ann. Date Name Details of Changes Securities After Change View
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
05-May-2017 LEMBAGA TABUNG HAJI 03-May-2017 Disposed 325,900 0.000 5.00 0.00 5.00 View Detail
04-May-2017 LEMBAGA TABUNG HAJI 28-Apr-2017 Disposed 271,000 0.000 5.20 0.00 5.20 View Detail
12-Apr-2017 LEMBAGA TABUNG HAJI 10-Apr-2017 Disposed 25,000 0.000 5.36 0.00 5.36 View Detail
26-Jan-2015 KHOO KEOW PIN 23-Jan-2015 Disposed 50,000 0.000 6.36 0.00 6.36 View Detail
06-Jul-2007 PERMODALAN NASIONAL BERHAD 29-Jun-2007 Disposed 188,400 0.000 5.47 0.00 5.47 View Detail
06-Jul-2007 YAYASAN PELABURAN BUMIPUTRA 29-Jun-2007 Disposed 188,400 0.000 0.00 5.47 5.47 View Detail
06-Jul-2007 PERMODALAN NASIONAL BERHAD 02-Jul-2007 Disposed 93,600 0.000 5.35 0.00 5.35 View Detail
06-Jul-2007 YAYASAN PELABURAN BUMIPUTRA 02-Jul-2007 Disposed 93,600 0.000 0.00 5.35 5.35 View Detail
03-Jul-2007 PERMODALAN NASIONAL BERHAD 26-Jun-2007 Disposed 415,800 0.000 5.78 0.00 5.78 View Detail
03-Jul-2007 YAYASAN PELABURAN BUMIPUTRA 26-Jun-2007 Disposed 415,800 0.000 0.00 5.78 5.78 View Detail
03-Jul-2007 PERMODALAN NASIONAL BERHAD 28-Jun-2007 Disposed 60,300 0.000 5.70 0.00 5.70 View Detail
03-Jul-2007 YAYASAN PELABURAN BUMIPUTRA 28-Jun-2007 Disposed 60,300 0.000 0.00 5.70 5.70 View Detail
29-Jun-2007 PERMODALAN NASIONAL BERHAD 22-Jun-2007 Disposed 168,200 0.000 6.92 0.00 6.92 View Detail
29-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 22-Jun-2007 Disposed 168,200 0.000 0.00 6.92 6.92 View Detail
29-Jun-2007 PERMODALAN NASIONAL BERHAD 25-Jun-2007 Disposed 500,000 0.000 6.30 0.00 6.30 View Detail
29-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 25-Jun-2007 Disposed 500,000 0.000 0.00 6.30 6.30 View Detail
26-Jun-2007 PERMODALAN NASIONAL BERHAD 19-Jun-2007 Disposed 231,900 0.000 7.38 0.00 7.38 View Detail
26-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 19-Jun-2007 Disposed 231,900 0.000 0.00 7.38 7.38 View Detail
26-Jun-2007 PERMODALAN NASIONAL BERHAD 21-Jun-2007 Disposed 200,000 0.000 7.13 0.00 7.13 View Detail
26-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 21-Jun-2007 Disposed 200,000 0.000 0.00 7.13 7.13 View Detail
25-Jun-2007 PERMODALAN NASIONAL BERHAD 18-Jun-2007 Disposed 268,100 0.000 7.67 0.00 7.67 View Detail
25-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 18-Jun-2007 Disposed 268,100 0.000 0.00 7.67 7.67 View Detail
20-Jun-2007 PERMODALAN NASIONAL BERHAD 13-Jun-2007 Disposed 22,000 0.000 8.00 0.00 8.00 View Detail
20-Jun-2007 YAYASAN PELABURAN BUMIPUTRA 13-Jun-2007 Disposed 22,000 0.000 0.00 8.00 8.00 View Detail
29-May-2007 PERMODALAN NASIONAL BERHAD 22-May-2007 Disposed 988,700 0.000 8.03 0.00 8.03 View Detail
29-May-2007 YAYASAN PELABURAN BUMIPUTRA 22-May-2007 Disposed 988,700 0.000 0.00 8.03 8.03 View Detail
28-May-2007 PERMODALAN NASIONAL BERHAD 21-May-2007 Disposed 11,300 0.000 9.27 0.00 9.27 View Detail
28-May-2007 YAYASAN PELABURAN BUMIPUTRA 21-May-2007 Disposed 11,300 0.000 0.00 9.27 9.27 View Detail
14-May-2007 PERMODALAN NASIONAL BERHAD 08-May-2007 Disposed 85,900 0.000 9.28 0.00 9.28 View Detail
14-May-2007 YAYASAN PELABURAN BUMIPUTRA 08-May-2007 Disposed 85,900 0.000 0.00 9.28 9.28 View Detail
10-May-2007 PERMODALAN NASIONAL BERHAD 03-May-2007 Disposed 500,000 0.000 9.39 0.00 9.39 View Detail
10-May-2007 YAYASAN PELABURAN BUMIPUTRA 03-May-2007 Disposed 500,000 0.000 0.00 9.39 9.39 View Detail
25-Apr-2007 PERMODALAN NASIONAL BERHAD 18-Apr-2007 Disposed 72,100 0.000 10.01 0.00 10.01 View Detail
25-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 18-Apr-2007 Disposed 72,100 0.000 0.00 10.01 10.01 View Detail
23-Apr-2007 PERMODALAN NASIONAL BERHAD 16-Apr-2007 Disposed 286,100 0.000 10.10 0.00 10.10 View Detail
23-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 16-Apr-2007 Disposed 286,100 0.000 0.00 10.10 10.10 View Detail
16-Apr-2007 PERMODALAN NASIONAL BERHAD 10-Apr-2007 Disposed 34,400 0.000 10.52 0.00 10.52 View Detail
16-Apr-2007 PERMODALAN NASIONAL BERHAD 11-Apr-2007 Disposed 49,100 0.000 10.46 0.00 10.46 View Detail
16-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 10-Apr-2007 Disposed 34,400 0.000 0.00 10.52 10.52 View Detail
16-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 11-Apr-2007 Disposed 49,100 0.000 0.00 10.46 10.46 View Detail
13-Apr-2007 PERMODALAN NASIONAL BERHAD 09-Apr-2007 Disposed 416,400 0.000 10.56 0.00 10.56 View Detail
13-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 09-Apr-2007 Disposed 416,400 0.000 0.00 10.56 10.56 View Detail
11-Apr-2007 PERMODALAN NASIONAL BERHAD 06-Apr-2007 Disposed 118,100 0.000 11.08 0.00 11.08 View Detail
11-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 06-Apr-2007 Disposed 118,100 0.000 0.00 11.08 11.08 View Detail
09-Apr-2007 PERMODALAN NASIONAL BERHAD 04-Apr-2007 Disposed 15,400 0.000 11.23 0.00 11.23 View Detail
09-Apr-2007 YAYASAN PELABURAN BUMIPUTRA 04-Apr-2007 Disposed 15,400 0.000 0.00 11.23 11.23 View Detail
14-Jul-2003 KHOO KEOW PIN 09-Jul-2003 Disposed 50,000 0.000 6.30 0.00 6.30 View Detail
29-Jul-2002 KHOO KEOW PIN 24-Jul-2002 Disposed 1,199,200 0.000 6.36 0.00 6.36 View Detail
27-Jun-2002 KHOO KEOW PIN 25-Jun-2002 Disposed 1,000,000 0.000 7.86 0.00 7.86 View Detail
27-Dec-2001 KHOO KEOW PIN 24-Dec-2001 Disposed 500,000 0.000 9.11 0.00 9.11 View Detail
28-Sep-2001 KHOO KEOW PIN 26-Sep-2001 Disposed 770,000 0.000 10.10 0.00 10.10 View Detail
23-Apr-2001 R C NOMINEES (TEMPATAN) SDN BHD 17-Apr-2001 Disposed 750 0.000 0.00 0.00 0.00 View Detail
09-Apr-2001 MAYBAN NOMINEES (TEMPATAN) SDN BHD 02-Apr-2001 Disposed 360,000 0.000 0.00 0.00 0.00 View Detail
20-Dec-1999 KHOO KEOW PIN 13-Dec-1999 Disposed 600,000 0.000 11.64 0.00 11.64 View Detail
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  8 people like this.
commonsense Excluding the one-off gains on disposals and the fair value loss on financial assets, 1Q19 result would have actually been a lot lower than the reported RM2.8mil profit (core profit would have been around RM500k). Investors are worried that the margins compression seen in 1Q19 will stay for the foreseeable future given the challenging market for piling services at the moment. Other piling companies like Econpile and Ikhmas Jaya also recorded lower profit margins in their recent quarterly result.

With a depleting orderbook of only RM300mil (potentially can last until end of FY20) the company will be desperate in getting new contracts to replenish its orderbooks. The negative outlook of the construction industry (due to government decision to review, delay or cancel big projects) and property industries (developers are scaling back on new launches) might make it challenging for Pintaras Jaya to asked for higher margins when submitting their tenders given that there will be a lot more contractors eyeing for a smaller pie of any future projects.

Near future earnings will mainly derive from the Singapore market (via their newly acquired Pintary International which has 70% of the orderbook value). However, it is still not sure what will the margins be for the Singaporean market. Full quarter contribution can only be seen in the 2Q19.

If the company managed to achieve a Pat of RM10mil for FY19 (assuming the Singapore business managed to deliver a higher profit margin), at the current share price, Pintaras Jaya would still be valued at 38x PE which is very high for a company with limited orderbooks, declining profit margins and operating in the construction industry which is currently trading at an average of below 10x PE.

If you are looking to diversify your portfolio outside of Pintaras Jaya (due to its relatively high valuation and weak earnings outlook), 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.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x 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 analysts is around RM3.50.

Good luck.
04/02/2019 5:22 PM
chongyh84 Pintaras' foray into Spore is starting to pay off. If it weren't for RM7.8mil in FV loss in investments, the net profit for the 2Q19 quarter would have been at least RM9mil...
23/02/2019 9:52 AM
VSOLAR Sailang Margin All In If If If so many ifs
27/02/2019 10:36 AM
scotthong PTARAS (9598)
March 23, 2019 | HONG WEI GIET

Technical Analysis
- PTARAS completed double top reversal on Aug 129 2018. (Duration: 1079 Trading Days / 3 years). It will have a great impact on shares price movement.
- It reduced from peak with 48.10% since July 06, 2017.
- There are 2 huge transaction volume on June 09, 2017 (High Volume-1) and April 04, 2018 (Hi

More:- https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET
23/03/2019 5:57 PM
cefiro22 A total of 121 infrastructure projects worth more than RM13.9bil nationwide, which were offered directly and through limited tender by the previous administration, will go forward following cost renegotiation by the Pakatan Harapan government, says Finance Minister Lim Guan Eng
Read more at https://www.thestar.com.my/news/nation/2019/03/31/121-projects-worth-almost-rm14bil-to-go-on-after-renegotiation-says-guan-eng/#jtjO1q8C6uSJiGgu.99

So, Piling Companies like Pintaras will be the first to benefit, so let's see the next few quarterly results before we take action to dump the shares now at rock-bottom prices.
31/03/2019 6:44 PM
VSOLAR Sailang Margin All In This one way too expensive look at Econpile! Much cheaper valuation! Much more potential too!
01/04/2019 10:30 PM
greenpack http://malaysiastock.biz/Company-Announcement.aspx?id=1132543
04/04/2019 7:04 PM
cefiro22 TQ..for the update...positive news making it harder to collect this stock now with more positive upside.
05/04/2019 9:57 AM
cefiro22 Waiting for price to retract,never happened... no choice bought at higher prices today.
26/04/2019 11:38 AM
3101575000 Good news??
26/04/2019 11:53 AM
cefiro22 11:45:33 AM 2.610 17,400 Seller.....I wish I could ask him why he decided to gobble up the seller in one go!
26/04/2019 12:31 PM
LATO' SELI This counter has got no future??
15/07/2019 1:06 PM
sysz820 Received high deviden
15/07/2019 11:42 PM
cefiro22 update...opened this morning up 9 sen...
01/08/2019 9:07 AM
calvintaneng Post removed. Why?
16/08/2019 8:29 AM
3101575000 Qr released
29/08/2019 6:30 PM
3101575000 Very good
29/08/2019 6:30 PM
sysz820 Finally,pintaras great quarter result
29/08/2019 6:35 PM
VenFx Wah lau

x3 qtr continuosly n.profit up3
29/08/2019 6:46 PM
sysz820 Secure order book from singapore,great
11/09/2019 9:55 PM
cooldownguy86 Come down boss mau beli ni
18/09/2019 9:19 PM
SpaceNeedle Anyone know which quoted shares ptaras invests?
11/11/2019 3:02 PM
perangbrown BRIEF-Pintaras Jaya Says Lim Chee Eng Appointed As Executive Director
19/11/2019 4:13 PM
3101575000 Qr result released
22/11/2019 10:21 PM
Fundamentalist Why such a sudden big drop? Anyone has any idea? Thanks.
02/12/2019 12:54 PM
3101575000 What happen??
02/12/2019 5:31 PM
3101575000 Any bad news for the sudden big drop?
02/12/2019 5:34 PM
densim there's no vol on that drop...
02/12/2019 5:35 PM
3101575000 Wah Very good result!!'
21/02/2020 6:05 PM
ming Suddenly so good.. no sure contribution from which project
22/02/2020 12:25 AM
kai8994 7% dividend yield at current price with steady business outlook. good for defensive play
12/03/2020 3:54 PM
tradeview We like Pintaras Jaya for mid to long term for exposure to the construction sector.
24/04/2020 9:54 PM
kancs3118 another rubbish stock - bored with local Malaysian hookers - decided to venture off to shag singaporean hookers~!
05/05/2020 6:42 PM
kancs3118 Sampah stock ...Singapore has implemented the circuit breaker and foreigners are the highest contributor to the Covid19 pandemic....this will drag Pintaras
07/05/2020 7:05 PM
donald770 This Covid will definitely derail its construction work in Singapore. But factoring this in I still consider worth holding for:
1.This Co could work to Singapore government strict requirements.
2.its balance sheet is healthy.
3.imagine Malaysian Co earning Sing dollar..
4.Singapore govt has big cash reserves.
Thanks. Pls share
20/05/2020 8:19 PM
sysz820 Any 1 know the loss in investment?
29/05/2020 7:12 PM
donald770 The loss was due to fair value loss loss of 15.1m for qouted investment.
29/05/2020 8:03 PM
kancs3118 What investment is that for ?
29/05/2020 11:04 PM
sysz820 Ya,what kind of investment?
29/05/2020 11:53 PM
zhangliang Likely FV loss on a listed security or derivative product. Either one
30/05/2020 1:22 AM
kancs3118 Pintaras Jaya Bhd has bagged a piling contract worth S$39 million (RM119 million) in Singapore. The 10-year contract will commence in August. In March, Pintaras Jaya had announced that it had won several piling contracts worth a combined RM116 million, with contract periods of between three and eight months.
02/06/2020 12:41 PM
kancs3118 From The Edge
02/06/2020 12:42 PM
danchong Zhangliang, the market is back up in a hurry now to our surprise. Do you think they will write back the FV?
06/06/2020 11:48 PM
danchong Very disappointed with the drastic dividend cut. Hope the management to rectify that in declaring the final dividend
06/06/2020 11:51 PM
zhangliang agree with u danchong! I don noe what they invest. But if the share they invest rebound, I think FV will rebound!
17/06/2020 4:46 PM
donald770 It's a good stock but no active traders here. Don't u think they make more from business operations but write down their quoted investment. What is your take on their short n long term prospects with covid in Singapore ? Thanks
24/06/2020 6:01 AM
Knownfact Agree with Zhangliang, next Q no operating profit & hope for some FV recovery. When work resume in Singapore then we can also see operating profit starting to roll out. Order book is good.
29/06/2020 2:28 PM
3101575000 I think Pintaras have good prospect since the boss is kind all the while to try hard for the business
12/07/2020 9:45 AM
sysz820 This is a good fundamental company with low pe
21/07/2020 7:37 PM
lionel messi yes, high dividend too when times are good. well managed with healthy balance sheet and zero gearing. good corporate governance unlike many listed companies who rip off minority shareholders.
27/07/2020 9:51 AM

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