Highlights
KLSE: MELATI (5129)       MELATI EHSAN HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.45   -0.01 (2.17%)  0.45 - 0.45  5,000
Analyze this stock with MQ Trader system

Financials


Market Cap: 54 Million

Market Cap 54 Million
NOSH 119 Million

Latest Audited Result:  31-Aug-2017

Latest Audited Result: 31-Aug-2017
Announcement Date 02-Jan-2018
Next Audited Result: 31-Aug-2018
Est. Ann. Date: 02-Jan-2019
Est. Ann. Due Date: 27-Feb-2019

Latest Quarter:  30-Nov-2018 [#1]

Latest Quarter: 30-Nov-2018 [#1]
Announcement Date 25-Jan-2019
Next Quarter: 28-Feb-2019
Est. Ann. Date: 23-Apr-2019
Est. Ann. Due Date: 29-Apr-2019
QoQ | YoY   -40.46%  |    -5.46%

Annual (Unaudited) ( EPS: 2.01, P/E: 22.18 )

Revenue | NP to SH 287,849  |  2,413
RPS | P/RPS 239.87 Cent  |  0.19
EPS | P/E | EY 2.01 Cent  |  22.18  |  4.51%
DPS | DY | Payout % 0.99 Cent  |  2.20%  |  49.39%
NAPS | P/NAPS 1.76  |  0.26
YoY   -0.54%
NP Margin | ROE 0.84%  |  1.14%
F.Y. | Ann. Date 31-Aug-2018  |  25-Oct-2018

T4Q Result ( EPS: 1.98, P/E: 22.49 )

Revenue | NP to SH 284,102  |  2,380
RPS | P/RPS 236.75 Cent  |  0.19
EPS | P/E | EY 1.98 Cent  |  22.49  |  4.45%
DPS | DY | Payout % 0.99 Cent  |  2.20%  |  50.08%
NAPS | P/NAPS 1.76  |  0.26
QoQ | YoY   -1.37%  |    -5.78%
NP Margin | ROE 0.84%  |  1.13%
F.Y. | Ann. Date 30-Nov-2018  |  25-Jan-2019

Annualized Result ( EPS: 1.90, P/E: 23.44 )

Revenue | NP to SH 161,800  |  2,284
RPS | P/RPS 134.83 Cent  |  0.33
EPS | P/E | EY 1.90 Cent  |  23.44  |  4.27%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -5.35%  |    -5.46%
NP Margin | ROE 1.41%  |  1.08%
F.Y. | Ann. Date 30-Nov-2018  |  25-Jan-2019


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Aug-2019 25-Jan-2019 30-Nov-2018 1 40,450 954 571 571 - 210,929 - % 1.41% 0.27% 119,169 33.94 33.71 0.48 0.48 0.00 0.00 1.7700 1.76   -40.46%   -5.46% 30-Nov-2018 0.59 1.74 123.13 0.33 0.81% 0.00% 25-Jan-2019 0.46 1.36 96.00 0.26 1.04% 0.00%
31-Aug-2018 25-Oct-2018 31-Aug-2018 4 69,286 939 959 959 1,191 210,955 124.28% 1.38% 0.45% 119,184 58.13 57.74 0.80 0.80 1.00 0.99 1.7700 1.76   120.97%   6.67% 30-Aug-2018 0.62 1.07 77.05 0.35 1.30% 1.61% 25-Oct-2018 0.585 1.01 72.70 0.33 1.38% 1.71%
31-Aug-2018 30-Jul-2018 31-May-2018 3 127,545 469 434 434 - 209,909 - % 0.34% 0.21% 119,267 106.94 106.29 0.36 0.36 0.00 0.00 1.7600 1.75   4.33%   -15.56% 31-May-2018 0.61 0.57 167.63 0.35 0.60% 0.00% 30-Jul-2018 0.55 0.51 151.14 0.31 0.66% 0.00%
31-Aug-2018 23-Apr-2018 28-Feb-2018 2 46,821 1,017 416 416 - 211,242 - % 0.89% 0.20% 119,346 39.23 39.02 0.35 0.35 0.00 0.00 1.7700 1.76   -31.13%   -18.27% 28-Feb-2018 0.68 1.73 195.08 0.38 0.51% 0.00% 23-Apr-2018 0.69 1.76 197.95 0.39 0.51% 0.00%
31-Aug-2018 27-Mar-2018 30-Nov-2017 1 44,197 777 604 604 - 210,084 - % 1.37% 0.29% 119,366 37.03 36.83 0.51 0.50 0.00 0.00 1.7600 1.75   -32.81%   19.84% 30-Nov-2017 0.77 2.08 152.17 0.44 0.66% 0.00% 27-Mar-2018 0.68 1.84 134.39 0.39 0.74% 0.00%
31-Aug-2017 25-Oct-2017 31-Aug-2017 4 79,558 279 899 899 1,193 210,101 132.79% 1.13% 0.43% 119,376 66.64 66.30 0.75 0.75 1.00 0.99 1.7600 1.75   74.90%   -93.16% 30-Aug-2017 0.83 1.25 110.21 0.47 0.91% 1.20% 25-Oct-2017 0.815 1.22 108.22 0.46 0.92% 1.23%
31-Aug-2017 26-Jul-2017 31-May-2017 3 32,235 1,408 514 514 - 208,934 - % 1.59% 0.25% 119,391 27.00 26.86 0.43 0.43 0.00 0.00 1.7500 1.74   0.98%   -93.28% 31-May-2017 0.845 3.13 196.28 0.48 0.51% 0.00% 26-Jul-2017 0.845 3.13 196.28 0.48 0.51% 0.00%
31-Aug-2017 27-Apr-2017 28-Feb-2017 2 34,446 1,264 509 509 - 210,138 - % 1.48% 0.24% 119,397 28.85 28.71 0.43 0.42 0.00 0.00 1.7600 1.75   0.99%   -93.88% 28-Feb-2017 0.84 2.91 197.04 0.48 0.51% 0.00% 27-Apr-2017 0.89 3.08 208.77 0.51 0.48% 0.00%
31-Aug-2017 19-Jan-2017 30-Nov-2016 1 21,808 958 504 504 - 211,200 - % 2.31% 0.24% 120,000 18.17 18.17 0.42 0.42 0.00 0.00 1.7600 1.76   -96.16%   -52.76% 30-Nov-2016 0.88 4.84 209.52 0.50 0.48% 0.00% 19-Jan-2017 0.91 5.01 216.67 0.52 0.46% 0.00%
31-Aug-2016 26-Oct-2016 31-Aug-2016 4 53,705 13,051 13,140 13,140 2,090 210,239 15.91% 24.47% 6.25% 119,454 44.96 44.75 11.00 10.95 1.75 1.74 1.7600 1.75   71.83%   472.05% 30-Aug-2016 0.765 1.70 6.95 0.43 14.38% 2.29% 26-Oct-2016 0.715 1.59 6.50 0.41 15.38% 2.45%
31-Aug-2016 26-Jul-2016 31-May-2016 3 13,257 7,662 7,647 7,647 - 197,149 - % 57.68% 3.88% 119,484 11.10 11.05 6.40 6.37 0.00 0.00 1.6500 1.64   -8.06%   824.67% 31-May-2016 0.75 6.76 11.72 0.45 8.53% 0.00% 26-Jul-2016 0.735 6.62 11.48 0.45 8.71% 0.00%
31-Aug-2016 27-Apr-2016 29-Feb-2016 2 17,196 8,121 8,317 8,317 - 191,195 - % 48.37% 4.35% 119,497 14.39 14.33 6.96 6.93 0.00 0.00 1.6000 1.59   0.00%   486.12% 29-Feb-2016 0.76 5.28 10.92 0.48 9.16% 0.00% 27-Apr-2016 0.815 5.66 11.71 0.51 8.54% 0.00%
31-Aug-2016 28-Feb-2016 2 17,196 8,121 8,317 8,317 - - - % 48.37% - % 119,497 14.39 14.33 6.96 6.93 0.00 0.00 - -   679.48%   486.12% 26-Feb-2016 0.70 4.86 10.06 0.00 9.94% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Aug-2016 28-Jan-2016 30-Nov-2015 1 19,706 1,502 1,067 1,067 - 183,428 - % 5.41% 0.58% 119,887 16.44 16.42 0.89 0.89 0.00 0.00 1.5300 1.53   -53.55%   -67.29% 30-Nov-2015 0.92 5.60 103.37 0.60 0.97% 0.00% 28-Jan-2016 0.80 4.87 89.89 0.52 1.11% 0.00%
31-Aug-2015 28-Oct-2015 31-Aug-2015 4 24,487 2,779 2,297 2,297 2,093 181,845 91.15% 9.38% 1.26% 119,635 20.47 20.41 1.92 1.91 1.75 1.74 1.5200 1.52   177.75%   -4.69% 28-Aug-2015 0.98 4.79 51.04 0.64 1.96% 1.79% 28-Oct-2015 0.92 4.49 47.92 0.61 2.09% 1.90%
31-Aug-2015 27-Jul-2015 31-May-2015 3 46,264 1,594 827 827 - 179,782 - % 1.79% 0.46% 119,855 38.60 38.55 0.69 0.69 0.00 0.00 1.5000 1.50   -41.72%   -87.55% 29-May-2015 1.27 3.29 184.06 0.85 0.54% 0.00% 27-Jul-2015 1.08 2.80 156.52 0.72 0.64% 0.00%
31-Aug-2015 30-Apr-2015 28-Feb-2015 2 53,168 2,006 1,419 1,419 - 181,250 - % 2.67% 0.78% 119,243 44.59 44.31 1.19 1.18 0.00 0.00 1.5200 1.51   -56.50%   -73.18% 27-Feb-2015 1.20 2.69 100.84 0.79 0.99% 0.00% 30-Apr-2015 1.12 2.51 94.12 0.74 1.06% 0.00%
31-Aug-2015 29-Jan-2015 30-Nov-2014 1 54,894 4,480 3,262 3,262 - 180,425 - % 5.94% 1.81% 119,487 45.94 45.75 2.73 2.72 0.00 0.00 1.5100 1.50   35.35%   -34.55% 28-Nov-2014 1.15 2.50 42.12 0.76 2.37% 0.00% 29-Jan-2015 1.09 2.37 39.93 0.72 2.50% 0.00%
31-Aug-2014 30-Oct-2014 31-Aug-2014 4 70,475 3,351 2,410 2,410 3,297 177,452 136.82% 3.42% 1.36% 119,900 58.78 58.73 2.01 2.01 2.75 2.75 1.4800 1.48   -63.70%   -61.62% 29-Aug-2014 1.39 2.36 69.15 0.94 1.45% 1.98% 30-Oct-2014 1.32 2.25 65.67 0.89 1.52% 2.08%
31-Aug-2014 21-Jul-2014 31-May-2014 3 108,158 8,951 6,640 6,640 - 174,673 - % 6.14% 3.80% 119,639 90.40 90.13 5.55 5.53 0.00 0.00 1.4600 1.46   25.52%   511.42% 30-May-2014 1.16 1.28 20.90 0.79 4.78% 0.00% 21-Jul-2014 1.43 1.58 25.77 0.98 3.88% 0.00%
31-Aug-2014 29-Apr-2014 28-Feb-2014 2 78,025 7,203 5,290 5,290 - 171,147 - % 6.78% 3.09% 119,683 65.19 65.02 4.42 4.41 0.00 0.00 1.4300 1.43   6.14%   60.64% 28-Feb-2014 0.99 1.52 22.40 0.69 4.46% 0.00% 29-Apr-2014 0.96 1.47 21.72 0.67 4.60% 0.00%
31-Aug-2014 27-Jan-2014 30-Nov-2013 1 66,485 6,846 4,984 4,984 - 166,532 - % 7.50% 2.99% 119,807 55.49 55.40 4.16 4.15 0.00 0.00 1.3900 1.39   -20.64%   202.98% 29-Nov-2013 0.99 1.78 23.80 0.71 4.20% 0.00% 27-Jan-2014 0.94 1.69 22.60 0.68 4.43% 0.00%
31-Aug-2013 30-Oct-2013 31-Aug-2013 4 80,851 8,071 6,280 6,280 2,996 161,793 47.71% 7.77% 3.88% 119,847 67.46 67.38 5.24 5.23 2.50 2.50 1.3500 1.35   478.27%   28.90% 30-Aug-2013 1.01 1.50 19.27 0.75 5.19% 2.48% 30-Oct-2013 1.04 1.54 19.85 0.77 5.04% 2.40%
31-Aug-2013 30-Jul-2013 31-May-2013 3 55,164 1,475 1,086 1,086 - 153,949 - % 1.97% 0.71% 119,340 46.22 45.97 0.91 0.91 0.00 0.00 1.2900 1.28   -67.02%   -23.20% 31-May-2013 0.71 1.54 78.02 0.55 1.28% 0.00% 30-Jul-2013 0.90 1.95 98.90 0.70 1.01% 0.00%
31-Aug-2013 29-Apr-2013 28-Feb-2013 2 50,009 5,024 3,293 3,293 - 155,669 - % 6.58% 2.12% 119,745 41.76 41.67 2.75 2.74 0.00 0.00 1.3000 1.30   100.18%   636.69% 28-Feb-2013 0.59 1.41 21.45 0.45 4.66% 0.00% 29-Apr-2013 0.59 1.41 21.45 0.45 4.66% 0.00%
31-Aug-2013 29-Jan-2013 30-Nov-2012 1 40,211 2,185 1,645 1,645 - 152,492 - % 4.09% 1.08% 120,072 33.49 33.51 1.37 1.37 0.00 0.00 1.2700 1.27   -66.24%   288.89% 30-Nov-2012 0.60 1.79 43.80 0.47 2.28% 0.00% 29-Jan-2013 0.59 1.76 43.07 0.46 2.32% 0.00%
31-Aug-2012 30-Oct-2012 31-Aug-2012 4 46,105 6,615 4,872 4,872 1,795 150,828 36.86% 10.57% 3.23% 119,705 38.52 38.42 4.07 4.06 1.50 1.50 1.2600 1.26   244.55%   599.00% 30-Aug-2012 0.62 1.61 15.23 0.49 6.56% 2.42% 30-Oct-2012 0.60 1.56 14.74 0.48 6.78% 2.50%
31-Aug-2012 25-Jul-2012 31-May-2012 3 49,042 1,961 1,414 1,414 - 146,193 - % 2.88% 0.97% 119,830 40.93 40.87 1.18 1.18 0.00 0.00 1.2200 1.22   216.33%   -59.68% 31-May-2012 0.67 1.64 56.78 0.55 1.76% 0.00% 25-Jul-2012 0.62 1.51 52.54 0.51 1.90% 0.00%
31-Aug-2012 24-Apr-2012 29-Feb-2012 2 18,596 647 447 447 - 147,389 - % 2.40% 0.30% 120,810 15.39 15.50 0.37 0.37 0.00 0.00 1.2200 1.23   5.67%   -48.80% 29-Feb-2012 0.75 4.87 202.70 0.61 0.49% 0.00% 24-Apr-2012 0.70 4.55 189.19 0.57 0.53% 0.00%
31-Aug-2012 19-Jan-2012 30-Nov-2011 1 12,049 603 423 423 - 146,237 - % 3.51% 0.29% 120,857 9.97 10.04 0.35 0.35 0.00 0.00 1.2100 1.22   -39.31%   -58.65% 30-Nov-2011 0.80 8.02 228.57 0.66 0.44% 0.00% 19-Jan-2012 0.71 7.12 202.86 0.59 0.49% 0.00%
31-Aug-2011 28-Oct-2011 31-Aug-2011 4 34,169 843 697 697 1,802 145,408 258.62% 2.04% 0.48% 120,172 28.43 28.47 0.58 0.58 1.50 1.50 1.2100 1.21   -80.13%   -57.91% 29-Aug-2011 0.75 2.64 129.31 0.62 0.77% 2.00% 28-Oct-2011 0.80 2.81 137.93 0.66 0.72% 1.87%
31-Aug-2011 29-Jul-2011 31-May-2011 3 19,802 4,768 3,507 3,507 - 143,631 - % 17.71% 2.44% 119,692 16.54 16.50 2.93 2.92 0.00 0.00 1.2000 1.20   301.72%   210.08% 31-May-2011 0.98 5.92 33.45 0.82 2.99% 0.00% 29-Jul-2011 0.89 5.38 30.38 0.74 3.29% 0.00%
31-Aug-2011 27-Apr-2011 28-Feb-2011 2 16,856 1,156 873 873 - 141,115 - % 5.18% 0.62% 119,589 14.09 14.05 0.73 0.73 0.00 0.00 1.1800 1.18   -14.66%   -25.95% 28-Feb-2011 1.02 7.24 139.73 0.86 0.72% 0.00% 27-Apr-2011 0.96 6.81 131.51 0.81 0.76% 0.00%
31-Aug-2011 27-Jan-2011 30-Nov-2010 1 10,898 1,383 1,023 1,023 - 142,016 - % 9.39% 0.72% 120,352 9.06 9.08 0.85 0.85 0.00 0.00 1.1800 1.18   -38.22%   -31.94% 30-Nov-2010 0.80 8.83 94.12 0.68 1.06% 0.00% 27-Jan-2011 1.15 12.70 135.29 0.97 0.74% 0.00%
31-Aug-2010 27-Oct-2010 31-Aug-2010 4 54,415 2,368 1,656 1,656 1,800 139,199 108.70% 3.04% 1.19% 120,000 45.35 45.35 1.38 1.38 1.50 1.50 1.1600 1.16   46.42%   -66.46% 30-Aug-2010 0.68 1.50 49.28 0.59 2.03% 2.21% 27-Oct-2010 0.62 1.37 44.93 0.53 2.23% 2.42%
31-Aug-2010 29-Jul-2010 31-May-2010 3 30,888 1,574 1,131 1,131 - 138,367 - % 3.66% 0.82% 120,319 25.67 25.74 0.94 0.94 0.00 0.00 1.1500 1.15   -4.07%   -63.03% 31-May-2010 0.70 2.73 74.47 0.61 1.34% 0.00% 29-Jul-2010 0.68 2.65 72.34 0.59 1.38% 0.00%
31-Aug-2010 23-Apr-2010 28-Feb-2010 2 20,303 1,659 1,179 1,179 - 139,555 - % 5.81% 0.84% 120,306 16.88 16.92 0.98 0.98 0.00 0.00 1.1600 1.16   -21.56%   -23.49% 25-Feb-2010 0.80 4.74 81.63 0.69 1.23% 0.00% 23-Apr-2010 0.69 4.09 70.41 0.59 1.42% 0.00%
31-Aug-2010 27-Jan-2010 30-Nov-2009 1 35,981 2,093 1,503 1,503 - 138,275 - % 4.18% 1.09% 120,240 29.92 29.98 1.25 1.25 0.00 0.00 1.1500 1.15   -69.56%   -52.32% 30-Nov-2009 0.71 2.37 56.80 0.62 1.76% 0.00% 27-Jan-2010 0.75 2.51 60.00 0.65 1.67% 0.00%
31-Aug-2009 28-Oct-2009 31-Aug-2009 4 57,877 5,482 4,938 4,938 2,999 119,961 60.73% 8.53% 4.12% 119,961 48.25 48.23 4.12 4.12 2.50 2.50 1.0000 1.00   61.43%   -35.26% 28-Aug-2009 0.75 1.55 18.22 0.75 5.49% 3.33% 28-Oct-2009 0.74 1.53 17.98 0.74 5.56% 3.38%
31-Aug-2009 29-Jul-2009 31-May-2009 3 47,385 4,305 3,059 3,059 - 131,956 - % 6.46% 2.32% 119,960 39.50 39.49 2.55 2.55 0.00 0.00 1.1000 1.10   98.51%   -13.20% 29-May-2009 0.65 1.65 25.49 0.59 3.92% 0.00% 29-Jul-2009 0.80 2.03 31.37 0.73 3.19% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  2 people like this.
 
Jack888 有机会发红股1送1红股或特别息...(NTA:1.76)
21/11/2016 17:51
Jack888 機會來了,買更多... Buy more when chances come..
22/11/2016 12:24
Jack888 美国股市:道琼工业指数收高0.35%,纳斯达克指数收升0.33%
23/11/2016 05:29
Jack888 我认为0.90是主要支撑位,当跌至0.90美分以下时应该累积更多。
26/11/2016 13:01
Chengkai Kok Melati 是卖掉子公司获得一次性收入导致上季盈利暴涨吗??
0.88价格回调很多了,可以考虑买入吗?
30/11/2016 18:04
YLR33 when melati 1.13 er ask is it undervalue? lol
er used to keep promute tekseng, after drop below 90sen then he disappear
30/11/2016 18:50
YLR33 9m2016 operating profit before tax is 0.139m construction 0.093M property development 0.192m trading total 0.424M divede by 119.5m shares , get eps 0.354sen ( assume 4q profit offset the tax 25% effect -i simplyfy it) pe250 is it good value?
30/11/2016 19:49
YLR33 replenish order book also not much, just seen 99m in the news, correct me if i m wrong
no revenue, no profit, how much can share buy back, also each old rice
30/11/2016 19:52
Hunter2016 25% drop from peak
02/12/2016 14:46
red_85 mr er...you still here? any new stock recommended?
are you still holding tekseng? time to avg down?
03/12/2016 01:47
Dolly_Chai wow... 652millions worth of contract.. not bad.. no wonder the price went up...
05/12/2016 09:06
Hunter2016 look like want to drop back to 0.70
05/12/2016 15:09
Jolin Lai Chi Pet no way!!!! it will drop. second limit up wave in the making............this time is stronger
07/12/2016 14:14
CT Exclude gain of disposal of 30.5 million, this company is making loss for FY 2016 if you read carefully. Already over value. Be careful all.
12/12/2016 15:39
freedomheal follow erkongseng 丰衣足食,kikiki
17/12/2016 02:00
red_85 Follow him to stuck ur money ...this is short term counter, fast in and out..low liquidity..no txns..waste brokerages fees only
17/12/2016 02:47
Albukhary erkongseng, why you trust this Melati Ehsan so much?

If you are free, please spend a little bit of your time, go to find out what happen on its project at Taman Ehsan Jaya, Pandamaran.

After you know the issue and problem face by this developer, you might change your mind on this counter again.
17/12/2016 12:26
Albukhary Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.

This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.

That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflow.

To finance this type of big project, Melati have to borrow loan and it will incurred loan interest.
If I assume Melati borrow RM400mil loan @ 5%, then average interest per year is RM20mil.
This RM20million incurred dutring the construction period (3 years) is not able to capitalised, it will directly charge to Profit & Loss.

Therefore, since the price still ok, you better quit yourself first, wait until 3 years later, the project completed, then only you come and enjoy the fruit. I'm sure you can buy at cheaper price than now.
17/12/2016 12:36
Albukhary I lost not less than RM500k in the past 11 years in stock market, I have being cheated by so many listed company, I learned a lot of trick they play, how they con retail investor, so I think my comment to you carry some weight, please do consider, no harm ya.
17/12/2016 12:39
freedomheal Den you will 丰衣足食
22/12/2016 21:20
averose yeah..dividend is coming
03/01/2017 16:41
red_85 Low liquidity stock..this stock is not safe...If 1-2 person sell, stock price will crash..
06/01/2017 03:44
Dolly_Chai melati moved up a lot recently... bro erkongseng (aka one of the 30 largest shareholders, haha), did you push the price up? haha
06/01/2017 11:32
Dolly_Chai how much you want to push up to? let me know ya so that i can collect... haha...
06/01/2017 11:32
Hunter2016 erkongseng 还有抓住tekseng, masteel, 和chuan?
06/01/2017 13:57
Hunter2016 oh..哈哈..静静的卖..lol
warning to all newbies in I3,
most of the SIFU here will shout loud loud ask you to buy after the SIFU finish accumulating.
No SIFU will let you know when they have sold all there share on hand especially when the
promoted stock perform badly.
BEWARE !!!
06/01/2017 16:07
ljmeng Exactly.....
06/01/2017 16:09
YLR33 ya, becareful of PFI project, like Digistar PERSADA project, it maka lost on the first 3 years during the construction 2012-2015, this years start collecting 36m from jkr, but 19m go serve bond interest and say keep 18m as reserve for bond redemption 270m 15 years latter, good profit, judge yrself

osted by Albukhary > Dec 17, 2016 12:36 PM | Report Abuse

Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.

This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.

That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflo
17/01/2017 06:14
bestbuy Hahaha, 余兄still confidence?
20/01/2017 11:50
red_85 super bad record..qoq drop from 13million to 500k? lol...this report will at least cause this share drop 30-50%...beware. very bad report...this stock low volume also...so you can easily saw you drop sharply soon.! i guess erkongseng already start selling his share, he will be asking you guys to pick up his share..lets see
20/01/2017 11:53
freedomheal pray for you guys~
20/01/2017 18:01
Hunter2016 OMG.. 0.85 support broken..
23/01/2017 17:11
red_85 watching the downtrend show...and see how this mr er explain to followers...i guess he already cut his lost...
24/01/2017 03:33
YLR33 i think ks will disappear aslike he did in tekseng
24/01/2017 05:43
Dolly_Chai bro er may have his points... read this from the latest quarterly report which justifies why the revenue and profit was lower...

Construction
The group recorded revenue of RM14.189 million and profit before tax of RM0.408 million as compared to the preceding year corresponding period of RM17.224 million and RM1.459 million respectively. The lower revenue of this operation was due mainly to the new road work in East Coast Economic Region (“ECER”) project at an initial stage. The revenue recorded in the current quarter was mainly attributed from the “Program Perumahan Rakyat” (“PPR”) Project.

And prospect looks promising for the next few quarters...

Commentary on prospects
The on-going construction works such as ECER and PPR, will continue to contribute positively to the Group’s revenue and profitability despite moderation economic outlook due to low crude oil prices and weaker Ringgit.
The Federal Budget 2017 presented on 21 October 2016 has introduced various measures and focused on the strengthening of our economic and financial fundamental to better global uncertainties. The proactive spending and pump priming of the economy are capable of driving domestic demand thereby supporting economic growth. The Government quoted 2017 as “Delivery Year”. Therefore, it is foreseeable that business and construction activities to be increased and benefited the Group in line with this direction.
Based upon this, the outlook of the local construction sector is good and will benefit the industry players. Ongoing projects and those scheduled to commence in the near term such as road works and affordable housing schemes will ensure the sector continues to grow in the next few years.
The Board of Directors is optimistic about the Group’s ability to continue to achieve satisfactory performance for the financial year ending 31 August 2017.
24/01/2017 11:14
Dolly_Chai after all, Melati is a rare construction company who has almost no debt (just a marginal 1.8M total non-current + current borrowings), as compared to other construction companies who have tonnes of debts...
24/01/2017 11:17
Dolly_Chai high NTA which means attractive P/BV too...
24/01/2017 11:17
Dolly_Chai 希望不是等待春袋 :P
24/01/2017 12:25
Dolly_Chai yeah... i saw that in their latest annual report:

Business Overview
Bayu Melati Sdn Bhd, a wholly-owned subsidiary of the
Group, had on 15 April 2016 entered into a conditional
sale and purchase agreement (“SPA”) with Aturan Utama
Sdn Bhd for the acquisition of 3 parcels of leasehold
land held under H.S.(D) 54886, 54887 and 54888 for
PT No. 4505, 4506 and 4507, Mukim Bandar Selayang,
District Gombak, Selangor Darul Ehsan (“Lands”) for
an aggregate cash consideration of RM77,735,849
(“Proposed Acquisition”). The Lands are situated within
Bandar Baru Selayang, Selangor and the purchase is in
line with the Group’s intention to build up its land bank
in strategic locations with high development value. The
Proposed Acquisition demonstrates the Board’s initiative
in pursuing growth and sustainability in its business. The
Board believes the Proposed Acquisition will expand the
Group’s development activities in the future and the Lands
are expected to enhance the future earning potential of
the Group.
24/01/2017 12:51
Dolly_Chai The Group also secured a contract for construction and
completion of the proposed development of a 22-storey
block of 240 unit apartments encompassing 1 storey of
common facilities, a 6-storey car park podium and other
facilities such as guard house, multipurpose hall, Surau,
children’s playground, gymnasium and Tadika. This project
is for Tenaga Nasional Berhad’s workers’ quarters (“TNB
Quarters”) situated on TNB’s land at Kelana Jaya, Petaling
Jaya, Selangor Darul Ehsan. The TNB Quarters is targeted
to achieve the Green Building Index (GBI) Certification with
Certified rating which complies with industrial standards of
Energy Efficiency, Indoor Environment Quality, Sustainable
Site Planning & Management, Materials & Resources,
Water Efficiency and Innovation. The Group will ensure
the compliance with these GBI requirements, submittals,
products and the execution of the works shall accordingly
be in line with the Group’s commitment to support and
contribute to the national policy of sustainable development
for a greener world.
The construction contract known as “the Central Spine
Road, Pakej 3: Gua Musang, Kelantan Ke Kg. Relong,
Pahang (Seksyen 3H Skop Tambahan: Kg. Kechur to Kg.
Seberang Jelai)” in the East Coast Economic Region
(ECER) was completed during the year with the issuance of
the Certificate of Practical Completion on 7 October 2016.
Based on the Group’s exemplary project delivery, Jabatan
Kerja Raya had, on 29 August 2016, awarded another road
works contract at ECER, Seksyen 3E1 : Mentara to Merapoh
at the construction value of RM99 million. The construction
period for this contract is 36 months. The scope of works
include earthwork, drainage, road pavement, geotechnical,
slope protection and bridge construction.
24/01/2017 12:52
Dolly_Chai The Group also secured a piling contract for construction
and completion of 2 blocks of 25 and 35 storey
condominiums with an 8 storey car park podium (Residensi
Bayu Andaman) in Bandar Sentul Utama, Sentul, Kuala
Lumpur. The project consists of 400 units of condominium
and 200 units of Perumahan Penjawat Awam 1Malaysia
(PPA1M). PPA1M is an affordable housing scheme for
government employees which emphasises on comfort in
aspects of size, design, quality and location. Melati Ehsan is
on target to procure the contract for the building and other
associated works in 2017.
24/01/2017 12:54
Dolly_Chai The development plans for the remaining parcels of land
in Taman Ehsan Jaya, Pandamaran, Klang are currently
subject to further refinement to suit market demands and
needs. The balance of the yet-to-be developed land bank
shall help to sustain the Group’s medium to long-term
activity and profitability.
24/01/2017 12:54
Dolly_Chai actually Melati Ehsan secured quite a number of contracts but the problem is they did not announce these on Bursa so investors were not aware... perhaps the boss should go a bit high profile instead of being too low profile....
24/01/2017 12:56
Dolly_Chai haha... bro er is so confident... i am only 50-50% on this one...
26/01/2017 10:48
cstrader Now can buy back !!! TP 1.50
05/04/2017 21:11
saisai any news ?
25/04/2017 15:21
Bob Fairuz Buy2 potential stock
28/09/2017 23:26
Roly Share buy back
28/12/2017 14:29
ClutchCargo Any idea when the Kenanga Residence Rawang project will be delivered to purchasers?
Delivery seems to have been delayed over year over the construction delivery period.
Is this expected to affect their reputation and share price?
21/03/2018 11:47
commonsense Since FY17, Melati has failed to deliver substantial profit to its shareholder with FY18 profit of only RM2.4mil. Currently based on the 12 months trailing profit, the company is being valued at a high of 24x PE. Even if the company managed to deliver a profit of RM1mil per quarter for the rest of FY19 (which I highly doubt), it will still carry a high valuation of 16x PE if compared to the industry average of below 10x.

If you are looking to diversify your portfolio outside of Melati Ehsan (due to its relatively high valuation) 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.
29/01/2019 10:32