STOCK : ECONBHD

Continue on 22nd August chatroom

-. Kim has called again today in the morning session at RM2.81 and gave his 2nd Tp's RM2.95. It hit and done at RM2.97 and closed RM2.92 with 3.91% up. His 3rd tp will be provide soon. 

#Kim's Stockwatch - https://www.telegram.me/kimstock 

-------------------------------------------------------------------------------------------------------------------------------------

Summary

-. ECONBHD : Recall that Econpile secured RM627 million new jobs in FY16.

-. ECONBHD : Good proxy for the booming piling and foundation segment underpinned by current mega infrastructure projects such as the MRT2, Pan Borneo Highway, HSR etc.

-. ECONBHD posted a record net profit for the third financial quarter ended March 31, 2017 (3QFY17), on higher billings recorded coupled with increased overall project order book secured.

-. ECONBHD : Net profit rose 23.6% to RM22.11 million or 4.13 sen a share from RM17.89 million or 3.34 cts a share a year ago, mainly derived from the piling and foundation services business segment.

-. ECONBHD : Quarterly revenue grew 32.9% to RM162.28 million in 3QFY17 from RM122.07 million in 3QFY16.

-. ECONBHD : Declared a second interim dividend of 3 sen per share for the financial year ending June 30, 2017 (FY17), payable on June 22. This brings total dividends to 4.5 sen per share amounting to RM24.1 million for the financial year.

-. ECONBHD :  Has bagged six contracts worth RM1.2 billion for piling and substructure works for property development and infrastructure projects such as the mixed development of Pusat Bandar Damansara and the Klang Valley Mass Rapid Transit.

-. ECONBHD :  Order book stands at RM1.4 billion and is set to be recognised over the next two years.

-. ECONBHD :  The company is confident that its FY18 performance could be "sustainable" as it expects to see continued growth from its piling and foundation services in the infrastructure segment.

-. ECONBHD :  Hits fresh 52-week high as FY17 net profit rises 20%

----------------------------------------------------------------------------------------------------------------------------------------

Continue on 23rd August chatroom

Kim very firmed call again to buy this ECON early morning until hit his target RM3 and crossed high RM3.03 before it closed at RM3 end of the day. We can see chatroom logged as below: