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INTA SALCON : The giant has woken up!!!
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DATE : 23th October 2017
Stock : INTA (0.365)
Target Price : SGT members
Called Price : 0.280 - 0.285 cts
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THE PROFILES
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Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. The company's line of business includes providing professional engineering services.
Inta Bina Group have completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. The company is capable of building various types of buildings including residential, commercial, industrial and leisure properties. The Group typically acts as the main contractor for our building construction projects.
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THE KEYNOTES
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INTA - (MAY 2017) - Construction firm Inta Bina Group Bhd, which is planning to get a foothold in the affordable housing segment. So, the group will take a more “active approach” in tendering for affordable housing projects in the Klang Valley from private housing developers under both federal and state affordable housing schemes.
INTA - (MAY 2017) - Their strategy to construct affordable housing projects efficiently is through the usage of aluminium system formwork. Aluminium system formwork is suitable for mass construction of buildings with repetitive design. As such, their proposed acquisition of the additional aluminium system formwork can support our plan to penetrate into the affordable housing segment.
INTA - (MAY 2017) - Inta Bina’s IPO raised RM26.76 million from the public issue of 107.05 million new shares at an issue price of 25 sen per share. As part of its listing exercise, the company’s existing shareholders also made an offer for sale of 26.76 million shares to selected investors by way of private placement.
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DATE : 23th October 2017
Stock : SALCON (0.425)
Target Price : SGT members
Called Price : 0.40 - 0.405 cts
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THE PROFILES
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Salcon Berhad (“Salcon”) started its business in 1974 as a private limited company with its main stream of business in water treatment for palm oils, domestic water supply for plantation workers and swimming pools as well as selling engineering equipment to the plantation and building service industries.
Through the years, the Group has evolved into a leading water and wastewater engineering company, with focus on the investment, design, construction, commissioning, operation and maintenance of water and wastewater treatment plants and ancillary facilities across Asia. In 2003, Salcon was listed on the Main Board of Bursa Malaysia Securities Berhad (formerly known as Kuala Lumpur Stock Exchange Bursa Malaysia Securities Berhad).
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THE KEYNOTES
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SALCON - (MAY 2017) - Has bagged a RM13.27 million contract under the pipe replacement programme in the Klang Valley. In a statement to Bursa Malaysia, Salcon said Selangor water asset operator Pengurusan Air Selangor Sdn Bhd awarded the contract to its wholly-owned subsidiary, Salcon Engineering Bhd. The project, covering Klang, Sabak Bernam, Kuala Selangor and Petaling Jaya, will commence on Oct 2 for 15 months, with an additional 18 months of defect liability period. It is expected to be completed on Jan 1, 2019.
SALCON - (SEP 2017) - Expected to post a strong earnings improvement in the second half of this year, supported by contributions from the company’s construction business. CIMB said Salcon’s earnings would be supported by property development profit recognition from Res 280 in Selayang. The development with a total gross development value (GDV) of RM160mil and at a 15% net margin and 50% stake implied a profit of RM8mil to RM9mil.
SALCON - (JUN 2017) - The group is currently tendering for RM2.2 billion worth of jobs for its water and wastewater management division across Malaysia, as well as in Vietnam, Sri Lanka and Myanmar. They are looking at a success rate of about 15% to 20% for our current tenders.
SALCON - (JUN 2017) - Expects to see progressive contribution from its new investments in technology services and e-commerce to drive positive growth for the company in its financial year ending Dec 31, 2018 (FY18). The group's first quarter ended March 31, 2017 (1QFY17) net loss narrowed to RM3.8 million from RM16.7 million seen in the same period last year, while revenue grew 22% to RM19.4 million from RM15.9 million.
"I have no comment on this INTA BINA & SALCON regarding the target price (TP) as it belongs to SGT! TP's can be found from SGT members only!". - Kim Spartan
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Kim Stockwatch
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