240gpark

240gpark | Joined since 2020-11-19

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1 month ago | Report Abuse

TP on Top. Now wait for good support point to reenter.

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1 month ago | Report Abuse

Still Strong. Ages ! Undervalued Gem

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2 months ago | Report Abuse

Strong upwards momentum still going on, will hit 0.4 eventually

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2 months ago | Report Abuse

Still staying strong

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2022-06-14 15:03 | Report Abuse

Agree, market is getting weak, take it as chance or continue monitor first

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2022-06-10 16:00 | Report Abuse

just hoot 9 e.

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2022-05-24 16:22 | Report Abuse

Aminvest giving support. hmm.... still can go ?

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2022-05-24 16:22 | Report Abuse

Investment Highlights
We maintain BUY on Perak Transit with a higher fair value (FV) of RM1.14/share (vs. RM1.09/share previously) based on 15x PE on a rolled-forward fully-diluted FY23F EPS. Our FV reflects a neutral 3-star rating and is at a 30% discount to our FY22F target PE of 22x for Malaysia Airports.
We continue to benchmark Perak Transit’s valuation against Malaysia Airports given the many similarities between the operations of an airport and a modern public transport terminal.
Perak Transit’s 1QFY22 core net profit (CNP) of RM14.3mil came in within our expectation at 24% of our forecast and 25% of consensus’ FY22F earnings. Thus, we make no changes to our forecasts.
Perak Transit’s 1QFY22 turnover rose 15% YoY to RM41mil mainly driven by higher contribution from its integrated public transportation terminal (IPTT) operations and petrol station operations. However, its CNP expanded by only 6% attributed to increased deferred tax liabilities which led to higher tax charge for the quarter.
The group’s IPTT operation recorded a 12% YoY rise in 1QFY22 revenue to RM26mil, backed by new rental income from the logistics/warehousing and distribution tenants for both Terminal Meru Raya and Kampar Putra Sentral beginning September 2021.
Meanwhile, 1QFY22 revenue from petrol station operations expanded by 34% YoY to RM8mil on higher fuel sales volume and fuel price. The bus operation’s revenue rose 7% YoY to RM6mil, mainly contributed by the award of a new stage bus contract (for the routes in Larut, Matang and Selama districts) in 4QFY21, coupled with stronger contribution from the Interim Stage Bus Support Fund and Stage Bus Service Transformation programmes.
QoQ, its revenue climbed by 23% and CNP grew 12%, mainly due to the recognition of project facilitation fees (PFF) amounting to RM7.3mil in this quarter. There was no contribution from PFF in 4QFY21.
As at the end of March 2022, its PFF segment’s order book amounted to RM30mil which will be recognised over the next 12 months. We understand from management that there will not be any recognition of PFF in 2QFY22 as the project is expected to be completed in the subsequent quarters.
Over the mid-to-long term, the group’s growth drivers will be from the following:
(i) higher rental rates from its terminals upon the resumption of post-pandemic footfalls;
(ii) stronger contribution from Kampar Putra Sentral stemming from the expiry of the free-rental period and a higher occupancy rate as the student population returns from March FY22 onwards (to recap, the occupancy rate of Kampar Putra Sentral’s commercial area currently stands at 50% and tenants enjoy free rental amidst the MCO);
(iii) Bidor Sentral’s maiden revenue contribution from 2HFY23. The construction on Bidor Sentral has already commenced in FY21;
(iv) full-year recognition of rental from 2 of its logistic business tenants in FY22F with an expected annual contribution of RM30mil–RM36mil. Additional potential upside stems from the growth of tenants under its revenue-sharing model;
(v) securing more asset-light third-party terminal management contracts (TMC).
We continue to like Perak Transit for:
1. Its unique business model in operating modern public transport terminals that emulate airports with spacious and brightly-lit shopping, dining and waiting areas as well as clean public facilities, particularly washrooms. These entice visitors to spend more money and time in the terminals prior to their departure or upon their arrival, or while sending off or picking up their loved ones. This captive traffic is monetised in the form of rental incomes from commercial units and advertising space within the terminal;
2. Having proven the commercial viability of this business model in its interstate transportation hub, Terminal Meru Raya in Ipoh and the newly-opened Kampar Putra Sentral. Kampar Putra Sentral is also buoyed by a fast-growing student population in the campus town of Kampar. This student population has a high propensity to travel during school breaks and festivities as well as during weekends for leisure; and 3. The vast opportunities to replicate this successful business model. Already, it has at least
3 more projects in the pipeline in Bidor, Tronoh and Alor Setar.
Given that the stock is trading at an undemanding FY23F PE of 9x vs. 3-year average of over 20x, Perak Transit offers investors a good opportunity to own a defensive public infrastructure business. The group has the potential to replicate its business model for further growth.



Source: AmInvest Research - 24 May 2022

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2022-05-24 16:18 | Report Abuse

Sell at 3.00 ?

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2022-05-24 16:17 | Report Abuse

No idea no prediction but meanwhile price is still able to carry up on the same range.

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2022-05-10 18:26 | Report Abuse

Sentiment no good bro, below 270 la bro

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2022-05-10 18:24 | Report Abuse

I recently also don't dare comment so much.Is a 50/50 sign. Continue monitor.

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2022-05-10 18:24 | Report Abuse

Promotor don't dare to say la, but if you say supporter yes la

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2022-05-06 15:34 | Report Abuse

price action will appear after RI

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2022-04-26 14:19 | Report Abuse

Terlalu tinggi, share price correction soon?

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2022-04-26 14:17 | Report Abuse

If management is having big picture, AZRB one day also can be like Gamuda.

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2022-04-26 14:16 | Report Abuse

No worries la, AZRB always the first choice of government.

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2022-04-25 11:14 | Report Abuse

Not bad, tech stock all keep discount.

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2022-04-25 11:06 | Report Abuse

Anyhow I think share price recently having small adjustment again.

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2022-04-25 11:04 | Report Abuse

Nice whitewash, buy share price not also.

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2022-04-21 10:23 | Report Abuse

By Ageson fundamental, they are still something less, takan they all want to get delisted right, after making a move, confirm there will be some flip over.

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2022-04-20 16:37 | Report Abuse

with the recently new construction material company listing, it might bring some interest to AGES too,

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2022-04-20 16:32 | Report Abuse

not yet die imo, construction sector on recovery mode now, AGES are still able to survive even during covid lockdown

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2022-04-20 13:00 | Report Abuse

Construction sector shuffling the card, many was slain at previous and till recently only started pickup.

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2022-04-20 12:57 | Report Abuse

Hahha, this world must be a lots of iiddddiiiooott , cause smart people think that they are over smart.

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2022-03-29 15:30 | Report Abuse

Project is all ready, just need the key. Then Ages and all others. only is time to come back

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2022-03-29 15:29 | Report Abuse

Not yet la, i think now all construction sector counter need to solve labor issues first.

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2022-03-29 13:55 | Report Abuse

Monitor first, company is ok de, just a bit mess up due to previous case.

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2022-03-21 14:23 | Report Abuse

Smells good, Below 0.60 seems ok

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2022-03-11 12:47 | Report Abuse

waahh.... Cheering the counter. Anyhow I agree la, Since Endemic is coming. The most faster spike counter will confirm be construction.

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2022-02-08 22:04 | Report Abuse

Everything gonna open soon. Cash flow and goreng will be back ?

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2022-02-04 11:02 | Report Abuse

KUALA LUMPUR (Feb 3): KPower Bhd's second largest shareholder, Grand Deal Vision Sdn Bhd, has disposed of 500,000 shares or a 0.092% stake in the construction and engineering solutions group via forced selling.

In a bourse filing, the group said the shares were sold for 35 sen apiece on Jan 31 (Monday), with the transaction also reducing the deemed interest of KPower executive chairman and group managing director Mustakim Mat Nun and non-independent non-executive director Sarah Azreen Abdul Samat.

Separately, the group reported that KPower chief financial officer Amirul Afif Abd Aziz disposed of 650,000 shares or a 0.12% stake in the group on Jan 31.

According to Bloomberg data, Kenanga Investors Bhd is the biggest shareholder of KPower with a 16.3% stake, followed by Grand Deal Vision (8.52%) and Mustakim (6.7%).

KPower's share price has been trending downwards since May 2021, amid the audit issues at its sister company Serba Dinamik Holdings Bhd.

Serba Dinamik managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah was previously the non-independent and non-executive chairman of KPower, prior to his resignation last December.

Mohd Abdul Karim also ceased to be a substantial shareholder of KPower on Jan 13, after disposing of 79.05 million shares in a series of transactions between February 2021 and January 2022.

Over the past one year, KPower's share price has dropped 84% since its closing of RM2.31 on Feb 2.

On Thursday, the counter rose 1.5 sen or 4.35% to close at 36 sen, giving the group a market capitalisation of RM195 million.

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2022-01-10 16:19 | Report Abuse

Ini kalilah !!!!

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2021-12-22 10:12 | Report Abuse

Good support line, waiting for next wave

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2021-11-25 10:22 | Report Abuse

Something is slowly brewing

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2021-11-22 09:32 | Report Abuse

Good start of the day

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2021-11-20 14:10 | Report Abuse

No idea fight for what .

Toxic people create chaos ,
Point finger ,
Shift blames and avoid taking responsibility.

Basically just ignore them will do

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2021-11-17 11:31 | Report Abuse

Ages is back to path

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2021-11-17 11:31 | Report Abuse

Good comment , today rebound !

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2021-11-02 15:55 | Report Abuse

Relax la , everyone , Ages recently is getting better. !

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2021-11-02 09:42 | Report Abuse

@investfrog, by share price still need time , by project and fa, yes Ages getting solid.

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2021-10-28 10:38 | Report Abuse

Guess you never factor In covid as one of consideration. Lol...if so many red flag, what don't you complain harta air asia. So many were under challenging during covid period. Lol

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2021-10-27 10:21 | Report Abuse

Morning !

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2021-10-26 23:32 | Report Abuse

Who knows more like cardano, the new black horse.

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2021-10-21 19:51 | Report Abuse

nice, hopefully tomorrow will have a strong start

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2021-09-29 08:23 | Report Abuse

Nothing to fight on this topic, he is right, we are eating sand. At least not eating his house rice ma. Well, is common de, when share price go red. Some people eye will turn red too. On the way toward the best sure got people blame de. When success that time , they got Another thing to tell . Lol ....