FAJARBARU BUILDER GRP BHD
FAJARBARU BUILDER GROUP BHD (FAJAR - 7047) - The Group is a vertically-integrated construction set-up, which is well-positioned as a “One Stop Agency” which is capable of undertaking a wide range of projects as it possesses the expertise for ground works/piling works, infrastructure works, substructure/super-structure works and finishing works, with in-house design and build capabilitieS.
- The construction player, who diversified into the property sector last year, intends to undertake three residential development projects in the country with a projected total gross development value (GDV) of RM728 milllion.
- Its current unbilled order book stands at RM450 million, which will keep the group busy for at least the next two years
FINANCIAL OUTLOOK
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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30 Sep 2016
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30 Sep 2015
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30 Sep 2016
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30 Sep 2015
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$$'000
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$$'000
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$$'000
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$$'000
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1 | Revenue |
63,063
|
109,397
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63,063
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109,397
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2 | Profit/(loss) before tax |
10,814
|
11,833
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10,814
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11,833
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3 | Profit/(loss) for the period |
7,929
|
7,868
|
7,929
|
7,868
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4 | Profit/(loss) attributable to ordinary equity holders of the parent |
4,389
|
2,776
|
4,389
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2,776
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5 | Basic earnings/(loss) per share (Subunit) |
1.21
|
0.84
|
1.21
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0.84
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6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.01
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0.00
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0.01
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.6436
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0.6362
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Date | Financial Result | Financial Ratio | Per Share Item | Performance | |||||||||||||||||||||||||||||||||
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Ann. Date
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Quarter
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Revenue
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PBT
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NP
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NP to SH
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NP Margin
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ROE
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EPS
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DPS
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NAPS
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QoQ
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YoY
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Financial Year: 30-Jun-2017 | |||||||||||||||||||||||||||||||||||||
24-Nov-2016 | 30-Sep-2016 | 63,063 | 10,814 | 7,929 | 4,389 | 12.57% | 1.88% | 1.21 | 0.00 | 0.6436 |
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For the current quarter ended 30 September 2016, the Group registered a lower revenue of RM63.1 million and a higher pre-tax profit of RM10.8 million as compared to a revenue of RM104.1 million and pre-tax profit of RM4.9 million in the preceding quarter ended 30 June 2016. The decreased in revenue was mainly due to lower activities in the construction segment during the current quarter under review as compared to the preceding quarter. The lower activities in the construction segment was due to most of the projects are at the ending stage while the newly awarded project was still at the preliminary stage. Despite of lower revenue, the Group recorded a higher pre-tax profit in the current quarter due to the provision of additional costs on the completed projects in the preceding quarter.
FUTURE PROSPECT AND ONGOING PROSPECT
- The construction player, with a market cap of RM139.77mil, plans to launch three projects in the Klang Valley and Malacca by the end of 2016. These include a condominium project in Puchong with a GDV of RM400mil, a serviced apartment project in Sentul with a GDV of RM250mil and serviced apartments in Malacca with a GDV of RM78mil.
- The Group will focus on the replenishment of its current order book and will continue to actively tender for local construction projects. As for its property segment, the Group is proud to announce that its maiden project, the GardenHill, Melbourne, Australia, has reached about 84% sales and construction works are on schedule for completion at the end of the year.
- Fajarbaru Builder Group is targeting a firm double-digit growth in its earnings and revenue starting from the financial year ending June 30, 2017 (FY17), driven by upcoming property launches and strong unbilled order book from its construction segment.
- Fajarbaru Builder Group Bhd’s unit, Fajarbaru Builder Sdn Bhd, has secured a RM259.7mil contract from the Transport Ministry for the rehabilitation of railway track formation.
TECHNICAL OUTLOOK
FAJAR
FAJAR WB
- BOTH MOTHER SHARE AND ITS WARRANT HAD SUCCESSFUL BREAKOUT FROM LAST FRIDAY TRADING.
- THIS BREAKOUT ACCOMOANNIED BY HIGHER AVERAGE TRADE VOLUME WHICH TENDENCY FROM TRADER TO PUSH THE PRICE HIGHER HENCE GIVING HIGH PROBABILTY OF SUCCESSFUL BREAKOUT.
- MACD ALSO RE-POINTING UPWARD AND ALL SIGNAL SHOWING GOOD SIGN AND BULLISH
DIVIDEND PLAY
EX-date | 06 Dec 2016 |
Entitlement date | 08 Dec 2016 |
Entitlement time | 04:00 PM |
Entitlement subject | Interim Dividend |
Entitlement description | Interim Single Tier Dividend of 2.5% for the Year Ending 30 June 2017 |
Period of interest payment | to |
Financial Year End | 30 Jun 2017 |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
Registrar or Service Provider name, address, telephone no | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur. Tel: 03-2783 9299 Fax: 03-2783 9222 |
Payment date | 29 Dec 2016 |
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 08 Dec 2016 |
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
Number of new shares/securities issued (units) (If applicable) | |
Entitlement indicator | Percentage |
Entitlement in Percentage (%) | 2.5 |
Par Value | Malaysian Ringgit (MYR) 0.500 |
CONCLUSION
- WITH THE UPCOMING DIVIDEND AND SUCCESFUL BREAKOUT FROM LAST SURGE, WE STRONGLY BELIEVE MORE UPSIDE FOR THIS COMING WEEK.
SHORT TERM TP FOR FAJAR : 0.61
SHORT TERM TP FOR FAJAR WB : 0.19
*TRADE AT YOUR OWN RISK
Chart | Stock Name | Last | Change | Volume |
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I respect ur opinion john lu. but with new BNM regulation and intervention on Ringgit. I expect ringgit will have some recovery for next couple of week. But no to deny our ringgit is vulnerable to severe exposure for instance our political aspect and economy wise.
2016-12-04 15:59
Anyway good luck for those got fajar. I just giving my opinion based on my personal view and in term of TA wise its quite nice. At the end ur as a retailer to decide. Ur the one who key in buy and sell order. dont let others to decide
2016-12-04 16:00
hope u not stuck in both of this two stupid counter if u believe it stupid bryan
2016-12-04 16:08
I thought Fajar derive most of its income from timber operation and its construction segment incur loses for many quarters
2016-12-04 16:34
yes bro. they still rely on timber operation but now more diverse on construction anf property. but timber section still contribute to it
2016-12-04 17:04
Very good article from BeanMoney, beside contribution from timber operation, it property development will start to contribute to it's top and bottom line.
2017-02-12 10:14
John Lu
Usd up, rm weakening...forget about construction, cost will over run
2016-12-04 15:55