16,000 share holders vs a dog

CIMB Research believes that the orderbook of Vivocom Intl Holdings Berhad (Vivocom) will balloon to RM4bn at year-end if the company succeeds in its target of RM1.8bn for second half 2016. Further, the research house believes that “its contract win of RM3.5bn will surpass our RM3bn estimate for 2016”.
In a “company flash note” today, CIMB Research said that Vivocom’s swelling orderbook “will lend strong support to our FY17F earnings visibility”.
This follows on from Vivocom’s largest contract win to date (which Business Today had reported on yesterday) – refer to our report VIVOCOM INTL HOLDINGS BERHAD – “A MID CAP CONSTRUCTION RISING STAR THAT CONTINUES TO SHINE BRIGHTLY! – that the company had had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases.
This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak.
“The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn,” said CIMB Research.
“A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E,” said CIMB Research.
“We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x,” concluded the report.
Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price.
Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue (1 for 4) reward just announced.
CIMB has a target price of 78sen for Vivocom, against its current share price of 28 sen at closing today.

“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Vivocom executive director Choo Seng Choon (pic) said.
This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base.
Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times.
“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Cho

VIVOCOM SUMMARY - Latest Update 

- Q1 result Profit after Tax RM20mil. Exceeded expectation. 
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016 
- Forecast profit FYE2016 is RM60mil. 
- Total Order book currently stand at RM 2.2 bil. 
- Total project pipeline RM 1.8 bil rm500

I with banker friends will put buying on 0.280. Please throw more dogs

Dog please burn yourself . Throw more your 0.285 and 0.280 shares. Pls also throw to 0.275. I will collect it . I promise you. Others if you worry stay out.

Today we had seen retesting 0.290 mother share and wb 0.190. Soon it will break the wall . Stay tuned

CIMB Research believes that the orderbook of Vivocom Intl Holdings Berhad (Vivocom) will balloon to RM4bn at year-end if the company succeeds in its target of RM1.8bn for second half 2016. Further, the research house believes that “its contract win of RM3.5bn will surpass our RM3bn estimate for 2016”.
In a “company flash note” today, CIMB Research said that Vivocom’s swelling orderbook “will lend strong support to our FY17F earnings visibility”.
This follows on from Vivocom’s largest contract win to date (which Business Today had reported on yesterday) – refer to our report VIVOCOM INTL HOLDINGS BERHAD – “A MID CAP CONSTRUCTION RISING STAR THAT CONTINUES TO SHINE BRIGHTLY! – that the company had had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases.
This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak.
“The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn,” said CIMB Research.
“A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E,” said CIMB Research.
“We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x,” concluded the report.
Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price.
Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue (1 for 4) reward just announced.
CIMB has a target price of 78sen for Vivocom, against its current share price of 28 sen at closing today.

“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Vivocom executive director Choo Seng Choon (pic) said.
This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base.
Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times.
“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Choo.

next to will be 0.150. why? on 20/7 PMB major share holder has sold 34mil block sales at 0.155 for unknown person. in open market the highest pdz go that is 0.135. they need to push above 0.150 to make profit

CIMB Research believes that the orderbook of Vivocom Intl Holdings Berhad (Vivocom) will balloon to RM4bn at year-end if the company succeeds in its target of RM1.8bn for second half 2016. Further, the research house believes that “its contract win of RM3.5bn will surpass our RM3bn estimate for 2016”.

In a “company flash note” today, CIMB Research said that Vivocom’s swelling orderbook “will lend strong support to our FY17F earnings visibility”.

This follows on from Vivocom’s largest contract win to date (which Business Today had reported on yesterday) – refer to our report VIVOCOM INTL HOLDINGS BERHAD – “A MID CAP CONSTRUCTION RISING STAR THAT CONTINUES TO SHINE BRIGHTLY! – that the company had had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases.

This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak.

“The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn,” said CIMB Research.

“A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E,” said CIMB Research.

“We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x,” concluded the report.

Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price.

Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue (1 for 4) reward just announced.

CIMB has a target price of 78sen for Vivocom, against its current share price of 28 sen at closing today.

image002(1)“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Vivocom executive director Choo Seng Choon (pic) said.

This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base.

Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times.

“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Choo.

Dehouse1111 u got a point . I am thinking same. Don't get scare by smoke screen today by operator. They flushing contra player

The dog also bought Vivocom now, that why ask everyone to push Vivocom to 0.300 ...I am laugh die me jo

Look like coming quarter m3 will return second result with profit

Type Announcement
Subject OTHERS
Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY")
- MASTER LEASING AGREEMENT FOR i3DISPLAY CLOUD PLATFORM IN THAILAND
We refer to our previous announcement on Master Leasing Agreement for i3Display Cloud Platform in Thailand dated 22 July 2016 and we wish to furnish below the additional information:-



1) The commencement of the Master Leasing Agreement (“Agreement”) will be on 1 September 2016 (the target date of delivery of i3Display to Show DC Mall).



2) The value of the Agreement is worth RM 1.44 million for a period of 5 years with option for renewal of another 5 years.



3) This Agreement is significant for M3 Technologies (Thailand) Co., Ltd as Show DC is a landmark in Bangkok and also for the M3TECH Group. i3Display is now in Thailand besides Malaysia, Taiwan and China.



This announcement is dated 26 July 2016.

KUCHING: Despite the current volatile market condition, analysts believe that Vivocom International Holdings Bhd (Vivocom) provides a compelling risk/reward profile with a fundamental upside.
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said amidst the clamour of the volatile market, Vivocom presents a compelling risk/reward profile with fundamental upside supported by robust current orderbook of RM3.3 billion.
It also pointed out that the continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for the financial year 2016 (FY16) and FY17.
“Currently, its orderbook has expanded from RM2.4 billion in the fourth quarter of 2015 (4Q15) to RM3.3 billion – an increase of 37.5 per cent.
“Going forward, we estimate that its orderbook will grow further from RM3.3 billion to RM3.9 billion by 4QFY16 (an increase of 18 per cent) on the back of 36 months backlog. We are forecasting Vivocom to win circa RM950 million of jobs for FY16 estimate,” it said.
As a result of orderbook expansion, the research team noted that the earnings are slated to grow 5.5-folds of its current levels in FY16F/FY17F.
“Additionally, Vivocom’s sustainable margins of circa 10 per cent will be achievable due to its less capital intensive construction contracts, viz project delivery partner and sub-contracting, through larger China-based contractors such as China Railways Construction Corporation (CRCC) and China Nuclear Industry Huaxing Construction Company Ltd (CNH).
“Its current cash level of RM23 million gives ample financial headroom to increase its mobilisation into sizeable projects that it has tendered such as in Kinta Valley and Tronoh, Perak,” it explained.
The research team also viewed Vivocom’s joint venture with CNH as beneficial for the company’s growth.
It noted, the joint-venture with CNH is another strong catalyst for Vivocom due to the speedier and reliable decision making process.
“CNH is listed in the Shanghai Stock Exchange and its decision making is through the appointed management. Hence CNH’s decision is arguably speedier than CRCC as it has less reliance on the state to make decisions for projects roll-out thus giving certainty to its decision making process.
“Our channel checks indicated that CNH has strong working relationship with China Exim Bank and Industrial and Commercial Bank of China (ICBC) as it has the track record of successfully completed the construction of Global Innovation Centre of Johnson & Johnson, Shanghai, Al Hassan Sports City, Jordan and Shanghai International Gymnastics Centre.
“The joint venture with CNH is beneficial because it removes the risk of execution as Vivocom can step- up on its capacity to take up projects.
“Furthermore, Vivocom can participate in heavy engineering projects such as oil and gas and energy tenders banking on the expertise of CNH,” it commented.
Another advantageous change that MIDF Research observed is that Vivocom’s management are focused to strengthen their fundamentals such as reducing pressure to its balance sheet through increasing its cash flow from operations (CFO) from RM3.7 million in FY14 to RM8.7 million in FY15 (an increase of 135.5 per cent year-on-year) and improving its operating margin from 9.3 per cent in FY14 to 12.25 per cent FY15 (an increase of 31.7 percentage points year-on-year).
“Moreover, shareholders fund has been steadily increasing from RM167.5 million in FY14 to RM329.4 million in FY15 (an increase of 96 per cent year-on-year).
“We also view that Vivocom’s management is balancing its large share base with strong fundamentals to avoid the tendency of depleting its working capital whilst growing its orderbook and increasing its debt level,” it said.
Despite the positive traits, MIDF Research pointed out that there are still risks in the stock. It pointed out that the issue of concentration and execution risks looms through the surge of materiality of receivables (revenue/receivables), which is from 2.6-folds in FY14 to 3.4-folds in FY15.
“Nevertheless, in order to balance our view, we note that the construction contracts per CIDB Guidelines 2007, Persatuan Akitek Malaysia (PAM) and Public Works Department (PWD) stipulates various positive clauses that addresses payment and price adjustments hence comforting any ‘hard landing’ in Vivocom’s construction schedule.
“Secondly, to address the materiality of concentration risks of projects related to China SOEs (state-owned enterprise), the management has illustrated its commitment by tendering into various state government projects such as in Perak,” it said.

2016 will Vivocom year of uptrend. Final call warning !

Vivocom now only have zero risk downtrend. With more good news coming, more upcoming projects awards, bonus issue, block sales for long terms and second quarter good results , i can't imaging what happen to Vivocom in short term

9 A company with rm3 bil order book. Share price 0.280 now. Damn damn undervalue !!! Revised tp 0.70 by September 2016. Start counting from today. It will be history this price after September 2016

Typo error

If u think price 0.280 is high and let see after September 2016

MCT share price now 1.150 with revenue 150mil and earning rm19mil on first quarter.

Sunsuria share price now 0.845 with revenue rm38 mil and earning rm3.1 mil on first quarter.

Tadmax share price now 0.470 with average revenue 5 to 8 mil. Still make loss of rm2.8mil on first quarter

A company with rm3 bil order book. Share price 0.280 now. Damn damn undervalue !!! Revised tp 0.70 by September 2019. Start counting from today. It will be history this price after September 2019.

Dinaffin very good on your comments. When you trading don't expect short term can u give hell of a lot profits. Patients and holding power will make you earn more. Vivocom is not a contra stock.

Seem more dogs around now day. SPCA not working. Please utilize dog report abused button

Investint1st I got 50mil inside , not many ... Think to buy more

What ever is it, I thanks dog for making Vivocom at top forum every week. Vivocom already biggest counter in ACE

What ever come out from the dog, all not happen. CEO resign la, no contract la, price down la, project launch failed, internal politics la bla bla bla. None of it happen. Macam Bomoh kelapa !!! Hahahhhaha

Who don't want vivo throw more again on Monday, I help you Clear all the selling q

Come sell more dog, I with the banker friend wait you at lower price. Tq again for 0.275 tickets. Throw more please

Dog try la make it to 0.200. I will add more agains. But u will get burn alive by banker player

Not to mention now Vivocom order book can survive till 2019. Hahahaha I m laugh all my way to the bank

The more u bark the more good news Vivocom has! What to worry？ teeth-less dog!

Why would human talk to the dogs? Let the dog bark...bark until 2020 no one will bother him

Welcome Vivoviva! We need more strong vocal like you to educate newbie... Feel pity for those lose money

File photo shows an artistic impression for Vivacom’s projects. The continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for FY16 and FY17.
KUCHING: Despite the current volatile market condition, analysts believe that Vivocom International Holdings Bhd (Vivocom) provides a compelling risk/reward profile with a fundamental upside.
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said amidst the clamour of the volatile market, Vivocom presents a compelling risk/reward profile with fundamental upside supported by robust current orderbook of RM3.3 billion.
It also pointed out that the continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for the financial year 2016 (FY16) and FY17.
“Currently, its orderbook has expanded from RM2.4 billion in the fourth quarter of 2015 (4Q15) to RM3.3 billion – an increase of 37.5 per cent.
“Going forward, we estimate that its orderbook will grow further from RM3.3 billion to RM3.9 billion by 4QFY16 (an increase of 18 per cent) on the back of 36 months backlog. We are forecasting Vivocom to win circa RM950 million of jobs for FY16 estimate,” it said.
As a result of orderbook expansion, the research team noted that the earnings are slated to grow 5.5-folds of its current levels in FY16F/FY17F.
“Additionally, Vivocom’s sustainable margins of circa 10 per cent will be achievable due to its less capital intensive construction contracts, viz project delivery partner and sub-contracting, through larger China-based contractors such as China Railways Construction Corporation (CRCC) and China Nuclear Industry Huaxing Construction Company Ltd (CNH).
“Its current cash level of RM23 million gives ample financial headroom to increase its mobilisation into sizeable projects that it has tendered such as in Kinta Valley and Tronoh, Perak,” it explained.
The research team also viewed Vivocom’s joint venture with CNH as beneficial for the company’s growth.
It noted, the joint-venture with CNH is another strong catalyst for Vivocom due to the speedier and reliable decision making process.
“CNH is listed in the Shanghai Stock Exchange and its decision making is through the appointed management. Hence CNH’s decision is arguably speedier than CRCC as it has less reliance on the state to make decisions for projects roll-out thus giving certainty to its decision making process.
“Our channel checks indicated that CNH has strong working relationship with China Exim Bank and Industrial and Commercial Bank of China (ICBC) as it has the track record of successfully completed the construction of Global Innovation Centre of Johnson & Johnson, Shanghai, Al Hassan Sports City, Jordan and Shanghai International Gymnastics Centre.
“The joint venture with CNH is beneficial because it removes the risk of execution as Vivocom can step- up on its capacity to take up projects.
“Furthermore, Vivocom can participate in heavy engineering projects such as oil and gas and energy tenders banking on the expertise of CNH,” it commented.
Another advantageous change that MIDF Research observed is that Vivocom’s management are focused to strengthen their fundamentals such as reducing pressure to its balance sheet through increasing its cash flow from operations (CFO) from RM3.7 million in FY14 to RM8.7 million in FY15 (an increase of 135.5 per cent year-on-year) and improving its operating margin from 9.3 per cent in FY14 to 12.25 per cent FY15 (an increase of 31.7 percentage points year-on-year).
“Moreover, shareholders fund has been steadily increasing from RM167.5 million in FY14 to RM329.4 million in FY15 (an increase of 96 per cent year-on-year).
“We also view that Vivocom’s management is balancing its large share base with strong fundamentals to avoid the tendency of depleting its working capital whilst growing its orderbook and increasing its debt level,” it said.
Despite the positive traits, MIDF Research pointed out that there are still risks in the stock. It pointed out that the issue of concentration and execution risks looms through the surge of materiality of receivables (revenue/receivables), which is from 2.6-folds in FY14 to 3.4-folds in FY15.
“Nevertheless, in order to balance our view, we note that the construction contracts per CIDB Guidelines 2007, Persatuan Akitek Malaysia (PAM) and Public Works Department (PWD) stipulates various positive clauses that addresses payment and price adjustments hence comforting any ‘hard landing’ in Vivocom’s construction schedule.
“Secondly, to address the materiality of concentration risks of projects related to China SOEs (state-owned enterprise), the management has illustrated its commitment by tendering into various state government projects such as in Perak,” it said.

Bye bye

1.)  Vivocom Enterprise Sdn Bhd (“VESB”) had on 23 June 2016, received and accepted the Letter of Award (“LOA”) from Kiara 5 Development Sdn Bhd for the appointment as Turnkey Contractor for the construction of 1 block of 19 units low density apartment at Lot 13498, Jalan Jenjarum, PJU 6, Kampung Kayu Ara, Mukim Sungai Buloh, Daerah Petaling, Selangor Darul Ehsan The provisional contract amount is RM25,000,000 (Ringgit Malaysia Twenty Five Million).

2.) Neata Aluminium (Malaysia) Sdn Bhd (“Neata”), had on 23 June 2016, received and accepted the Letter of Award (“LOA”) from Lim Hoo Seng Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for a 41 storey of service apartment on Lot 256, Seksyen 63, Lorong Stonor, Kuala Lumpur. The contract amount is RM12,800,000 (Ringgit Malaysia Twelve Million and Eight Hundred Thousand Only).

3. 20/5/16 Letter of Award (“LOA”) from Goldenhill Accenture Development Sdn Bhd (“Goldenhill”) for the appointment as Turnkey Contractor for the construction of 4 Blocks total 88 units of gated and guarded home, together with carpark and club house with swimming pool (“the Project”) located at Lot 19751 (Jalan Rimba 2) Genting Sempah, Mukim Bentong, Daerah Bentong, Pahang Darul Makmur (“the Land”). The provisional contract amount is RM46,000,000 (Ringgit Malaysia Forty-Six Million).

4. The Board of Directors (“the Board”) of Vivocom is pleased to announce that on 5 May 2016, Vivocom had vide its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), entered into heads of agreement (“HoA”) with De Facto Integrated Sdn Bhd (“De Facto”) to be the Turnkey Contractor for the development on a piece of land located at Wilayah Sultan Azlan Shah Mukim Hulu Kinta Daerah Kinta (“ the Project”). Subject to the execution of the final agreement, De Facto will appoint VESB as the main contractor for the Project at an estimated contract value of RM160.0 million (Ringgit Malaysia One Hundred Sixty Million)

5. The Board of Directors (“the Board”) of Vivocom is pleased to announce that on 26 April 2016, Vivocom had vide its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), entered into a heads of agreement (“HoA”) with Green Ventures Development Sdn. Bhd. (“Green Ventures”) (“the Parties”) to be the main contractor for the development on Batu 10, Chepor, Mukim Hulu Kinta, Daerah Kinta. The land measuring 3.11 hectacres is to be developed for mixed development purposes (“the Project”). Subject to the execution of a final agreement, Green Ventures will appoint VESB as the turnkey contractor for the Project at an estimated contract value of approximately RM90.0 million (Ringgit Malaysia Ninety Million) (“the Proposed Development”). 

6)The Board of Directors of Vivocom Intl Holdings Berhad (formerly known as Instacom Group Berhad) (“Vivocom” or “the Company”) is pleased to announce that its subsidiary company, Neata Aluminium (Malaysia) Sdn Bhd (“Neata”), had On 4 April 2016, received and accepted the Letter of Award (“LOA”) from PBT Engineering Sdn Bhd for the execution and completion of aluminium and glazing works as nominated sub-contract for a commercial development known commercially as Third Avenue Cyberjaya, comprising three (3) office blocks with enclosed car parks and retail space at PT 12059, Jalan Teknokrat 3, Cyber 4, Cyberjaya. The contract amount is RM22,550,000 (Ringgit Malaysia Twenty Two Million Five Hundred Fifty Thousand). This project shall commence on 4 April 2016;

7. On 4 April 2016, received and accepted the Letter of Award (“LOA”) from V-Development Sdn Bhd for the design, supply and installation of aluminium doors and windows and glazing works for a gated housing scheme at Bandar Ulu Klang, Daerah Gombak, Selangor. The contract amount is RM15,000,000 (Ringgit Malaysia Fifteen Million). This project shall commence on 1 July 2016 and shall be completed within Eighteen (18) months from the date of commencement.
8. The Board of Directors of Instacom is pleased to announce that its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), had received and accepted the Letter of Award (“LOA”) from Coneff Corporation Sdn Bhd (“Coneff”) on 20 January 2016, for the provision of construction works for two (2) blocks of commercial towers comprising service apartments, two (2) storeys of retail units, one (1) storey of recreational centre and seven (7) storeys of car parks located at Lot 36071 & 36072, Phase 3B, Desa Tasik, Mukim Petaling, Sg Besi, Kuala Lumpur (“the Project”). The Project is valued at RM240,418,000.00 (Ringgit Malaysia Two Hundred Forty Million and Four Hundred Eighteen Thousand).

File photo shows an artistic impression for Vivacom’s projects. The continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for FY16 and FY17.
File photo shows an artistic impression for Vivacom’s projects. The continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for FY16 and FY17.
KUCHING: Despite the current volatile market condition, analysts believe that Vivocom International Holdings Bhd (Vivocom) provides a compelling risk/reward profile with a fundamental upside.

The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said amidst the clamour of the volatile market, Vivocom presents a compelling risk/reward profile with fundamental upside supported by robust current orderbook of RM3.3 billion.

It also pointed out that the continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for the financial year 2016 (FY16) and FY17.

“Currently, its orderbook has expanded from RM2.4 billion in the fourth quarter of 2015 (4Q15) to RM3.3 billion – an increase of 37.5 per cent.

“Going forward, we estimate that its orderbook will grow further from RM3.3 billion to RM3.9 billion by 4QFY16 (an increase of 18 per cent) on the back of 36 months backlog. We are forecasting Vivocom to win circa RM950 million of jobs for FY16 estimate,” it said.

As a result of orderbook expansion, the research team noted that the earnings are slated to grow 5.5-folds of its current levels in FY16F/FY17F.

“Additionally, Vivocom’s sustainable margins of circa 10 per cent will be achievable due to its less capital intensive construction contracts, viz project delivery partner and sub-contracting, through larger China-based contractors such as China Railways Construction Corporation (CRCC) and China Nuclear Industry Huaxing Construction Company Ltd (CNH).

“Its current cash level of RM23 million gives ample financial headroom to increase its mobilisation into sizeable projects that it has tendered such as in Kinta Valley and Tronoh, Perak,” it explained.

The research team also viewed Vivocom’s joint venture with CNH as beneficial for the company’s growth.

It noted, the joint-venture with CNH is another strong catalyst for Vivocom due to the speedier and reliable decision making process.

“CNH is listed in the Shanghai Stock Exchange and its decision making is through the appointed management. Hence CNH’s decision is arguably speedier than CRCC as it has less reliance on the state to make decisions for projects roll-out thus giving certainty to its decision making process.

Wins Biggest Project thus far – New project in Tronoh worth RM756 million sees current order book swelling close to RM2 billion (!) with Company rewarding shareholders with bonus issue, expected completion by early September.

Vivocom Intl Holdings Berhad (“Vivocom”; stock code 0069) is fast becoming one of the most sought after contractors with its growing list of lucrative contract wins, as evident with the Company securing its biggest and highest profile project thus far since its transformation into a construction-led group.

In an announcement to Bursa Malaysia this evening, it was announced that Vivocom has just inked a Joint Collaboration Agreement with Seni Prospek Sdn Bhd to build 4,032 units of affordable housing, which is divided over 4 phases with a provisional contract value of RM 189 million for each phase, hence totaling the contract sum of RM 756 million, as part of the Bandar Tasik Amanjaya township located in Tronoh on the outskirts of Ipoh, Perak.


When fully completed, this development will form part of the mammoth 1,469 acres Bandar Tasik Amanjaya township, which is the brainchild of state-owned Menteri Besar Incorporated (MB Inc), would also comprise condominium units, retirement homes, terrace and semi-detached houses, bungalow, shops, a street mall and various institutions of higher learning.

Order book swells close to RM2 billion – and still expected to grow!

This massive Bandar Tasik Amanjaya project will see the Vivocom Group’s order book swelling close to RM2 billion, and comes on the heels of its sterling Q1 2016 results.

To recap, for Q1 2016, Vivocom’s quarterly revenue surged to RM141.54 million with profit before taxation soaring to RM33.29 million for the first three months of 2016. After accounting for taxation and minority interests, net profit came in at RM19.87 million, a 2,053 percent giant of a jump from the RM923,000 posted in the previous corresponding period.

Vivocom executive director Choo Seng Choon outlined: “Besides the massive Bandar Tasik Amanjaya project secured today, we are also aiming to close, amongst others, two additional construction projects by the end of 2016. These two new projects are worth around RM1.8 billion.”

“Matter-of-fact, the company is now in the final stages of concluding negotiations for one of two new projects valued at approximately RM400 million to RM500 million. Hopefully an announcement can be made by September 2016.”

On Vivocom’s impending 1-for-4 share bonus issue, Choo said this initiative was implemented “to reward all our existing shareholders and to thank them for their continuous support through ‘thick and thin’.”

Choo added that the company has already dispatched the circulars pertaining to the Bonus Issue to all its shareholders outlining the date when the Extraordinary General meeting will be held and also to fix the Book Closure, Ex- and Entitlement Dates of the Bonus Issue which is expected to be completed by early September.

He added that the bonus issue shall increase in the Company’s issued and paid-up share capital to a level which would be more reflective of its current scale of operations and assets employed as a “beckoning Construction Giant”.

Numerous “BUY ON VIVOCOM” calls!

As it stands, Vivocom is the largest Company on the ACE market with a market capitalisation of approximately RM 1 billion as recorded last Monday’s (1 Aug 2016) close of 29 sen, assuming all warrants are converted.

CIMB Research has an “Add” rating on Vivocom, with a target price of 78 sen for the stock – with a re-rating catalyst being strong Q2 results.

Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price.

Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue reward just announced.

“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Mr Choo proudly chimed in.

This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base.

Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times.

“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” em

For highlight on recent businesstoday:-

It's said two new project worth 1.8 bil by end of the year 2016. Now in the final nego for two existing project worth rm400mil and rm500mil. That mean by year end of 2016 from yesterday after rm756mil awarded, Vivocom stand to collect further rm1.8bil rm400mil rm500mil contract.

You decide yourself ! Hold or sell

Because of the nature of animal, so normal human can't communicate work with animal. And some more a paid barking dog. Tq again for making us no1 in forum

Hey Guys it time for u guys active abused button. Let try this!!

I suggest if dog come again , all people click abuse for the dog comment

Remember the cursed on you! And be punished when u reach hell!

You just make us laughed and enjoyed a lot jokes. You can create more story maybe until year 2020. By the time September, I laugh on my way to the banks

Dogs keep posting again and again. Thanks again your promote of Vivocom . And made vivo always top in forum reading.

Freindofi3 receive my salute of respect

Good morning! to believers not let wait n see. If u have not buy, sit side line and enjoy watching

With the above write up by sundaily, PDZ did return to black on first quarter result as at 30/3/2016. CEO also said the group is on track to sell all containers on every ship, for every sailing, to achieve the 90% load factor. It has 5,500 20-foot equivalent units (of space available for sales) every month.

Which mean coming quarter result sure be damn good or estimated rm5mil to rm8mil profits.

Eps calculation = ??? I not so sure. Tq

Local World Business Sports
PDZ expects better performance in FY16
Posted on 9 June 2015 - 05:39am
Ee Ann Nee
sunbiz@thesundaily.com
sunbiz@thesundaily.com

KUALA LUMPUR: PDZ Holdings Bhd expects to return to the black in the financial year ending June 30, 2016 (FY16) by cutting costs, pushing sales and increasing its efficiency.

PDZ's core business, which is marine transportation for containerised cargo, had been making losses for the past two financial years. The group's operations in recent years were affected by weak cargo demand and declining freight charges. Operating costs remained high as bunker prices continued to firm up.

It saw a net loss of RM493,000 in FY14 and a net loss of RM13.83 million in FY13. For the nine months of FY15, it saw a net loss of RM5.7 million.

Group managing director Aminuddin Yusof Lana said it will still be in the red in the current FY15.

"All's well, next year (to make a profit). Maybe a little red in the first quarter (FY16) but after that it is black," he told reporters after the company's EGM here.

Shareholders yesterday approved its proposed diversification into the downstream oil and gas industry that includes the production of liquefied petroleum gas (LPG) and condensate, utilising the natural gas supplied by Kenmakmur Holdings Sdn Bhd from the Rakushechnoye oil and gas field in Kazakhstan.

The group is expected to begin construction of the LPG plant in Kazakhstan in the second quarter next year, which will take 36 months. According to the circular, it expects the proposed LPG production may contribute over 25% to the group's net profit.

"The gas business will not come in until 2019, but we're doing everything we can to make sure the business doesn't go in the red anymore," said Aminuddin.

PDZ will still continue with the marine container transportation and has scaled down costs and reduced operations.

"We're paying attention to every cost element and (we need) to sell container space."

He said the group is on track to sell all containers on every ship, for every sailing, to achieve the 90% load factor. It has 5,500 20-foot equivalent units (of space available for sales) every month.

http://m.thesundaily.my/node/313801

More dogs now days in forum