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https://i3investor.wordpress.com/

https://i3investor.wordpress.com/

https://i3investor.wordpress.com/

BDB@Performance Review

1. Current quarter vs previous year corresponding quarter

For the fourth quarter ended 31 December 2016, BDB recorded revenue of RM153.9 million.
The revenue increased by RM48.1 million or 45% compared to RM105.8 million achieved in the same corresponding period of last year.
BDB’s Profit Before Tax of RM36.9 million was higher by RM10.0 million or 37% compared to the same corresponding period of last year.

BDB posted higher revenue and profit for the fourth quarter compared to the same corresponding period of last year due to higher contribution by the Group’s Property division, which recorded better revenue mainly from TTIS enclave sales and sales of land.

Performance of the operating business segments for the quarter ended 31 December 2016 compared to the previous year’s corresponding quarter are as follows:

Property Division The Property Division contributed RM95.4 million to BDB revenue compared to RM34.9 million previously, an increase of 173%. The increase of the revenue was mainly due to higher sales coming from Bandar Darulaman and Darulaman Perdana townships and also sales of land.

Similarly, profit contribution stood at RM38.4 million, an increase by RM27.2 million compared to the previous year’s corresponding period mainly due to the higher sales performance of its properties and the land sales.

Road and Quarry Division This Division contributed RM41.1 million to Group revenue compared to RM59.9 million previously, a decrease of 31%. The decrease in revenue was due to the state road maintenance project which was higher during the same quarter last year. In 2015, most of the work orders of the state road maintenance project were done in quarter 4.

Similarly, the profit contribution decreased to RM9.2 million from RM15.0 million recorded in 2015.

Construction Division The Construction Division provided RM15.5 million to BDB revenue compared to RM8.7 million previously, an increase of 78%. This was mainly due to higher external projects like SADA water treatment plant and PPR Ayer Hitam undertaken in quarter under review 2016, as compared to in 2015.
However, profit contribution has decreased arising from early settlement of KUIN project financing.


2) Current financial year to date against the previous year corresponding period

For the current financial year to date, BDB recorded revenue of RM356.6 million compared to RM243.3 million in the same corresponding period of last year representing an increase of 47%. Similarly, COMPANY profit increased by 28% to RM52.3 million compared to RM40.8 million last year.

The Property Division recorded higher revenue of RM213.0 million compared to RM107.0 million in 2015. Similarly, higher profit for the year compared to in 2015 mainly due to the higher sales performance of its properties and the land sales.

Road and Quarry Division recorded 9% higher revenue of RM111.5 million compared to RM102.6 million in the previous year. It was mainly due to third party project such as PROPEL road maintenance which was higher compared to last year. Similarly, this Division recorded higher profit of RM25.9 million as compared to RM24.6 million in 2015, an increase of 5%.

The Construction Division contributed slightly lower revenue of RM25.6 million compared to RM25.8 million in 2015. However, the Division recorded a lower profit of RM4.0 million compared to RM16.3 million in 2015, arising from early settlement of KUIN project financing.

3) Prospects for FY2017 (For COMING 1st Qr, 2nd Qr., 3rd Qr and 4th Qr.)

In spite of current economic conditions, BDB expects to turn in a respectable performance in 2017.

BDB’s core businesses are expected to record respectable performance for this financial year since the Group has sufficient land bank and projects in hand to provide sustainable revenue.

The Property Division would focus its launches on affordable segment and would only roll out higher range products on small scale basis. Besides the three existing townships, two more townships are expected to be launched by end of 2017. In addition, Kedah Holdings would also launch its Kuala Kangsar project before mid-year 2017. Those projects would allow Property Division to remain as a key contributor for revenue and profit for the BDB Group in 2017.

Profit contribution from Road and Quarry Division is expected to remain stable based on the demand for quarry products and the road pavement projects. The Division has also completed building a new premix plant targeted to commence operation in early 2017.

The Construction Division will continue to support the Property Division in developing current and future townships. The Division would also be focusing on two external key projects, namely PPR project in Ayer Hitam and SADA water treatment plant.

U do a HARD JOB, Christophertopher!
Keep it UP!

Since BDB announced last Qr.4 Fy2016,
and announced RM0.045 dividend pay for for Fy2016,
I noticed that Buyers vol exceed Sellers vol daily.
After Ex-date Dividend, situation also same.
Although the vol is small.

投资股票不能忽视5个因素：
1.公司/集团成长。
2. 公司派发股息率。
3. 合理股价买入。
4. 公司财务强健。
5. 盈利成长/增长。


Fy2017 EPS of 15 cent@ Fair Value of PE 10,
Share price RM1.50

Fy2018 EPS of 18 cent@ Fair Value of PE 11.5,
Share price RM2.07

Fy2019 EPS of 22 cent@ Fair Value of PE 13-15
Share Price RM2.86 - RM3.30.

These 3 Financial Years above are NOT include taking account in
BDB propose any SHARE SPLIT, BONUS ISSUE in future.