What factors that Joe Biden pulling out from the presidential election that can have such a big negative impact to KLSE. I bought back SUNCON 4.95/4.96.

Suprisingly SUNCON can drop below RM5 and Gamuda can drop below RM6. Let Suncon take some rest first and then test RM5 all over again.

@Babyshark01: Can you let us know the date of PIE's announcement regarding their subsidiary company was awarded a big contract. We would like to check on it.

100,000 share is a small quantity? I could only afford 10 × 100 = 1,000.

@Vicky, I think you could be a teacher. Your English is so good and there is no type error.

I was quite nervous when pre close time was at 2.26/2.27. At the same time Nasdaq futures is in red. But fortunately big players sapu all at 2.30.

Another thing is I was about to press buy for EG-WD at 0.77 but I did not have the gut to do so. The purchase order mentioned by EG is such that EG does not have the confidence to deliver it, so they mention "risks" and "caution".

EG also cautioned that the group may face several risk factors associated with the PO including, but not limited to, order deferment by Customer C and the timely availability of raw materials from suppliers.

"While [the] EG group actively works to mitigate these risks, it’s important to note that any changes in these factors could still have a material adverse effect on the business and operations of the EG group," it said.

The above statement is very scary.

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-07-19-story-h-156838728-NATGATE_How_High_NATGATE_Share_Price_Can_Go

NVIDIA share price rebounded USD3.10. Nasdaq -125.7 (-0.7%). Now it depends on individual tech share price whether up or down. The worst case scenario is support at RM2.16, followed by RM2.11. I am fully invested at RM2.25 yesterday (18.07.24).

Closed at RM2.24/RM2.25.
At this moment of writing 5:00 pm 18.07.2024, Nasdaq Futures is 20,113.25 (up 119.50), Dow Futures is 41,462.00 (-35.00) and S&P Futures is 5,654.25 (+15.75).

Let's us do some simple maths calculation with assumption 32% QoQ (following the Q1 ’24 results)
(Mar '24) = EPS 1.01 sen
If next Q2' FY24 (Jun '24) = EPS 1.33 sen (+32% QoQ)
Then if next Q3' FY24 (Sep' 24) = EPS 1.76 sen (+32% QoQ)
Then if next Q4' FY24 (Dec '24) = EPS 2.32 sen (+32% QoQ)
Sum up all these 4 quarters, total EPS is 6.42 by end of Dec '24 alone.
Let say, if PE 40, share price is
(6.42 X 40) / 100
= RM2.57

If PE 45, share price is
(6.42 X 45) / 100
= RM2.89

If PE 50, share price is
(6.42 X 50) / 100
= RM3.21

A 10% retracement from the peak is defined as “correction zone”.

[(2.52 – 2.24) / 2.52] X 100 = 11.11%
This means NATGATE has entered the “correction zone”.
A technical rebound is expected.

On technology, Rakuten’s top picks are SNS Network Technology Bhd (KL:SNS), Inari Amertron Bhd (KL:INARI), PIE Industrial Bhd (KL:PIE), NationGate Holdings Bhd (KL:NATGATE) and Kelington Group Bhd (KL:KGB). “We expect more supply chain shifts, potentially benefiting Malaysia due to its neutral position in the US-China trade conflict."

Penang-based property developer Ewein Bhd's (EWEIN) shares will be traded under its new name, Skygate Solutions Bhd (SKYGATE), effective Friday. The change in name comes after the restructuring exercise at Ewein, which saw Ooi Eng Leong emerging as its largest shareholder in June 2023 after raising his stake from 3.84% to 43.82%. Ooi — who is also managing director and major shareholder of Mainboard-listed Nationgate Holdings Bhd (NATGATE) — currently holds a 42.21% stake in Ewein. (The Edge)

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-07-18-story-h-156873292-NATGATE_A_FUNDAMENTAL_SOUND_MULTI_BAGGER_GEM

Nasdaq futures -476. Why EG csn go up.but NstGate must go down tomorrow (18.7.24)?

It is expected that NatGate will test RM2.25 one more time tomorrow (18 July 2024). Those daring ones can try your luck by buying NATGATE-CA at 9.5 sen in big volume and sell back at 10 sen.

Yesterday EG dropped 18 sen. Today it is up 7 sen. Today NatGate corrected 19 sen (RM2.25), closing at RM2.34 (down 10 sen). Like EG, very likely it will continue its uptrend tomorrow.

@Pang72: I am also in. After I have finished collecting (1 lot at 9 am and 1 lot at 4.55 pm every trading day), I will be posting a blog for this counter:
NATGATE (KLSE 0270) - A SOUND FUNDAMENTAL EMS GEM

https://www.dagangnews.com/article/rhb-investment-naikkan-harga-sasaran-ijm-corp-kepada-rm434-kemungkinan-raih-kerja-pembinaan-lebuh-raya-baharu-38957

IJM - Confident of FY2025

https://klse.i3investor.com/web/cube/blog/blpostdet/Chloe_Tai_Blog/2024-07-16%2010:12

The Group’s Construction division will be focusing on the timely execution and completion of its strong order book in hand of RM6.0 billion, of which RM3.7 billion was secured in FY2024. The projects secured in FY2024 include Shah Alam International Logistic Hub, Johor Bahru-Singapore Rapid Transit System Link Project Package 2A & 2B, East Coast Rail Link Kuantan Port Spurline, an ancillary building for an E&E factory in Kulim and Kuching Urban Transportation System Rembus Depot. Based on the above, the Construction division is expected to register a better performance for FY2025. The property market is expected to remain resilient on the back of a positive economic outlook and consumer sentiment. With its unbilled sales of about RM2.6 billion and a wide array of new property launches lined up in FY2025, the Property division is expected to continue to deliver a strong performance for the new financial year 2025.

With its strong orders in hand and the outlook of new projects being rolled out by both the private and government sectors, the Industry division is expected to maintain a strong performance for FY2025. The Toll division is expected to maintain its performance for FY2025 as its mature highways continue to provide the Group with a strong recurrent revenue and cashflow stream whilst the newer highways are undergoing the gestation period before achieving maturity. The performance of the Port operations is expected to be positive on the back of an expected improvement in bulk cargo volume such as bauxite and silica sand. However, the completion of the equipment upgrade in Kemaman Port may potentially divert some cargo from Kuantan Port. Premised on the above, the Group is expecting to deliver a better performance for FY2025.

https://rfs.cgsi.com/api/download?file=cb5956da-573b-4e01-bf14-1be363ffbab3

CGSI reiterate ADD to IJM with a Higher TP of RM4.40

IJM Corp Bhd More DC wins; Kuantan Port in a Sweet Spot
■ More data centre wins could follow; it is bidding for TM-Singtel DC in Johor.
■ We raise earnings and DCF forecasts for Kuantan Port, as it could benefit from ECRL completion at end-2026.
■ Reiterate Add with a higher TP of RM4.40.

Data centre projects to feature more; bidding for TM-Singtel DC In our view, IJM’s maiden RM332m data centre (DC) contract win from TM in Johor may be a precursor for more jobs in this space. It is planning to bid for TM and Singtel’s larger hyper-connected AI-ready DC campus in Johor with an initial capacity of 64MW (potentially up to 200MW). Assuming conservative costs of RM30m/MW, we estimate this could amount to RM1.9bn in project value. Our channel checks indicate that the tender will be called this year. The advantage IJM has over Gamuda and Suncon for data centres now is additional capacity given this is its first win. Its track record in building projects is also second to none while its IBS plant in Bestari Jaya and synergistic spun piles are added positives, in our view. In FY3/24, 25% of its industry division’s spun piles were supplied to data centres, industrial warehouses and semiconductor factories. YTD wins stand at RM1.3bn and it is on track to achieve its RM5bn target for FY25F, in our view.

Kuantan Port could benefit from ECRL completion Long-term prospects for Kuantan Port look promising with increased investments into Malaysia China Kuantan Industrial Park (MCKIP) which will benefit from better connectivity once the ECRL is completed in end-26 (Fig 8, 9, 10). Throughput is anchored by Alliance Steel, which plans to raise capacity from 3.5m tonnes p.a. to 10m tonnes p.a. Kuantan Port made RM150m in pretax profit in FY24 (+343% yoy), lifted by a 15% increase in throughput to 26.2m FWT and a tariff hike in Apr 2023. Our revised DCF value for Kuantan Port is RM1.1bn (IJM 60% stake, WACC 8%, average throughput growth of 4% until 2045F). The concession period may be extended for a further 30 years beyond 2045 if it fulfils Phase 2 development of the New Deep Water Terminal by Dec 2039. IJM is mulling whether to proceed with a container port or remain as a bulk port. It also has 1,080 acres of industrial land in MCKIP where 640 acres is earmarked for a mixed development and logistics hub.

Reiterate ADD with higher TP of RM4.40. We raise our FY25F/FY26F/FY27F EPS by 14%/8%/7% (see key changes in this note). We retain Add and raise our TP to RM4.40 assigning a higher target P/E for construction and manufacturing of 21x (vs, 16x), mean since 2005, while we raise our DCF value for Kuantan Port. The re-rating over the past year has been driven by earnings upgrades (Fig 3 – Bloomberg consensus has raised FY25F EPS by 20% over a one-year period but we believe they remain low). We think a re-rating is imminent as its construction and synergistic spun piles business should put it in good stead to clinch more data centres. Also its new wins of RM3.7bn in FY24 reached the S-Curve for meaningful recognition. Our revised TP of RM4.40 translates into 23x CY25F P/E, a tad above 21x mean P/E since 2015. Key catalysts are faster award of projects and higher property sales.

Gamuda will annouce the ex-date for the 10 sen dividend and the date of payment. Very likely the ex-date is on 01-08-2024 (following the previous years).

15.07.2024 - RM7.90 is just 10 sen away from RM8.00. Please hold tight-tight. Please let it fly above RM8.00.

The unique man-made Penang Silicon Island by Gamuda
https://gamuda.com.my/our-expertise/engineering-construction/penang-silicon-island/

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-07-14-story-h-156966453-GAMUDA_A_True_King_of_Construction

Market Capitalization (KLSE) on 12 July 2024

1 Maybank
2 Tenaga
3 PBank
4 CIMB
5 IHH
6 PMetal
7 PChem
8 CDB
9 YTL
10 YTLPower
11 HLBank
12 MISC
13 PetGas
14 SDGuthrie (formerly Sime Darby Plantation)
15 Nestle
16 Maxis
17 TM
18 RHBBank
19 Sunway
20 IOICorp
21 Axiata
22 KLK

23 Gamuda

24 PPB
25 HLFG
26 SIME
27 MRDIY
28 Genting
29 PetDag
30 Airport
31 QL

Gamuda is now at No 23.

As on 12 July 2024, the price of Gamuda is RM7.80 with an all time high of RM7.97. I believe any price below RM8.00 is still safe to ADD.

HEXCAP versus RANHILL. Who will win? It is not based on debate. It is based on the amount of change in the share price (based on percentage) from 15 July 2024 to 31 December 2024.

On 15 July 2024, the price of HEXCAP is RM0.59 while the price of RANHILL is RM1.63.

Don’t know who is the smartest in I3?

Posted by OTB > 2 days ago | Report Abuse [Ranhill forum page 92]

The share price is moving north slowly and steadily.
GO (General Offer) is over, time is ready to move up north and breaks new high.
A major resistance at 1.70 level.
Is it a block to collect shares before the share price flies to the sky?
Sit back and watch the show.
Good luck.
Thank you.



Posted by calvintaneng > 1 week ago | Report Abuse [Notion forum page 298]

Ranhill is only selling water to the southern part of Johor.

For Sedenak, Kulai, MMC Corp subsidiary is selling water.

For now MMC Corp is taken private.

https://www.airb.com.my/our-business/

MMC Corp took private AIRB.

So water theme is weakened.

Better go for Hexcap.

Hexcap took 49% of Transgrid Ventures.

Hexcap will be a shining star.


Posted by calvintaneng > 1 week ago | Report Abuse [JCY form page 372]

Water theme play will be diverted to AIRB as it controls water supply by MMC Corp in Sedenak, Kulai, Johor

See:

https://www.airb.com.my/our-business/

Better buy power theme Hexcap.

It has 49% in Transgrid Ventures.


Posted by calvintaneng > 1 week ago | Report Abuse [Dufu forum page 153]

Water theme play is controlled by Syed Moktar AIRB in Sedenak, Kulai, Johor.

Better buy power theme Hexcap as it owns 49% of the Transgrid Ventures.

Don’t know who is the smartest in I3?


Posted by calvintaneng > 1 week ago | Report Abuse [Notion forum page 298]

Ranhill is only selling water to the southern part of Johor.

For Sedenak, Kulai, MMC Corp subsidiary is selling water.

For now MMC Corp is taken private.

https://www.airb.com.my/our-business/

MMC Corp took private AIRB.

So water theme is weakened.

Better go for Hexcap.

Hexcap took 49% of Transgrid Ventures.

Hexcap will be a shining star.


Posted by calvintaneng > 1 week ago | Report Abuse [JCY form page 372]

Water theme play will be diverted to AIRB as it controls water supply by MMC Corp in Sedenak, Kulai, Johor

See:

https://www.airb.com.my/our-business/

Better buy power theme Hexcap.

It has 49% in Transgrid Ventures.


Posted by calvintaneng > 1 week ago | Report Abuse [Dufu forum page 153]

Water theme play is controlled by Syed Moktar AIRB in Sedenak, Kulai, Johor.

Better buy power theme Hexcap as it owns 49% of the Transgrid Ventures.

GAMUDA: CGS reiterate ADD with a higher target price of RM9.50

Moving from earnings to valuation re-rating:
■ We believe valuation re-rating is imminent as margin trajectory improves and the faster-than-expected target of RM25bn new wins by CY24F is achieved.
■ Potential FBM KLCI constituent at current market capitalisation.
■ Reiterate Add with a higher TP of RM9.50.

https://rfs.cgsi.com/api/download?file=2be8ec22-9de6-4315-a6b6-9148eb5348f7&rpt=CCC9188F-F3A3-F666-3EF9-91889B8DF89E

Valuation re-rating imminent; reiterate Add with higher TP:
The re-rating seen over the past year has been driven more by EPS upgrades (Fig 1). As investors warm up to better earnings delivery, outperformance in new order wins and improving margin trajectory, we think a valuation re-rating is imminent. Valuations remain attractive, at 15x CY25F P/E on a 3-year EPS CAGR of 16% (FY23-26F) which is still below 1 s.d. above mean since 2005’s 22x. We reiterate Add and raise our SOP-derived TP to RM9.50 which factors in a higher P/E of 22x (vs. 18x) for construction (1 s.d. above mean since 2005), updating the recent Quick Turnaround Projects and net debt figures. At our revised TP of RM9.50, the stock will trade at 20x CY25F P/E, still below 1 s.d. above mean since 2005. We think this is justified given its record diversified orderbook, increasing data centre exposure and rising construction margins as local projects start to contribute. Key downside risks: potential labour shortage issues and higher raw material costs. Key re-rating catalysts: more construction wins and stronger property sales.

Ambitious targets to double revenue but focus on new term wins:
Gamuda’s longer-term group revenue projection for the next five years (FY24F-FY28F) is to hit RM30bn in FY28F (from RM15bn in FY24F). Dissecting the construction revenue, this would imply cumulative new order wins of c.RM47bn until FY27F to hit RM20bn revenue in FY28F (Fig 3). For now, we think investors will focus more on the nearer term new wins where it is confident of achieving its target of RM25bn new orders and RM30bn orderbook by year end (RM24bn as at Apr 24) with YTD wins of RM9bn. The more assured wins are domestic, which will be positive for margin recovery where we are projecting construction pretax margins of 7.7-7.8% for FY25F/FY26F vs 5.7% in 9MFY24. We expect local projects to contribute 30% of construction revenue in FY25F (vs 15% in FY24F). Potential local wins include Penang LRT (Gamuda’s share: c.RM4bn) and the BOT Upper Padas hydroelectric power plant and water treatment plant in Sabah (c.RM7bn-8bn). It is confident of clinching another data centre win by end-24 adding to its RM2bn orderbook from data centres. The outcome of the Suburban Rail Loop (SRL) East second package in Victoria is expected soon where Gamuda and its partner are one of two parties shortlisted.

Potential KLCI constituent and higher dividends:
Gamuda’s current market cap of RM20bn makes it the 24th largest and a potential FBM KLCI constituent. The next review will be in Dec 24 and it is already under the FBM KLCI Reserve List. Gamuda has lifted its annual DPS to 16 sen and expects this is to trend up to 20 sen when it achieves a higher revenue base and potential cash recovery from its older Vietnam

KUALA LUMPUR (July 12): Hong Leong Investment Bank (HLIB) retained its 'overweight' call on the construction sector for the second half of the year (2H2024), anticipating the roll-out of big-ticket infrastructure contracts.

This should accelerate contract awards in 2H2024, potentially reaching over RM40 billion as per HLIB’s data compilation.

The house's top picks remain unchanged, namely Gamuda Bhd (KL:GAMUDA) with a 'buy' call and a target price (TP) of RM9.08 a share, and Sunway Construction Group Bhd (KL:SUNCON), with a 'buy' rating and a TP of RM5.60.

https://klse.i3investor.com/web/blog/detail/savemalaysia/2024-07-12-story-h-157020144-HLIB_upbeat_on_sizeable_roll_outs_in_2H_names_Gamuda_and_SunCon_as_favo

KUALA LUMPUR (July 12): Hong Leong Investment Bank (HLIB) retained its 'overweight' call on the construction sector for the second half of the year (2H2024), anticipating the roll-out of big-ticket infrastructure contracts.

This should accelerate contract awards in 2H2024, potentially reaching over RM40 billion as per HLIB’s data compilation.

The house's top picks remain unchanged, namely Gamuda Bhd (KL:GAMUDA) with a 'buy' call and a target price (TP) of RM9.08 a share, and Sunway Construction Group Bhd (KL:SUNCON), with a 'buy' rating and a TP of RM5.60.

https://klse.i3investor.com/web/blog/detail/savemalaysia/2024-07-12-story-h-157020144-HLIB_upbeat_on_sizeable_roll_outs_in_2H_names_Gamuda_and_SunCon_as_favo

Sunway Construction to Test RM5.00:

The construction index continues to perform strongly and is on an upward trend.

Among them, Sunway Construction (SUNCON, 5263, main board construction stock) closed at RM4.59 at the closing time, up 26.0 sen or 6.00% on the day.

Sunway Construction's daily chart shows no signs of retreat and continues to hit new highs, showing a steady upward trend.

Its daily relative strength index (RSI) indicator continues to rise and stands at 82.36.

It would move up to the resistance level of RM4.90-5.00.

Not only SUNCON closed at all time high. Its mother share (SUNWAY) also closed at all time high at RM4.10. So is GAMUDA, with all time high closing of RM7.88 after touching a high of RM7.97. All these are due to Data Centres Craze. We have to help one and other by holding them tight-tight. The AI / Data Centre Craze still have legs to run.

Please hold tight-tight until the target price is achieved. Tomorrow (12 July 2024) still have more upside.

Sunway Construction Group Bhd Potent combination of earnings upgrades and P/E re-rating:
■ Reiterate Add, as we raise FY24F-FY26F EPS and lift TP to RM5.46.
■ We think our FY24F new order wins of RM5.2bn, at the top end of RM4bn5bn guidance, is achievable with upsizing of existing data centre projects.
■ Re-rating thus far driven by EPS upgrades, with valuation re-rating to follow.

Focus on data centre and government infra projects:
In our view, the cancellation of Song Hau 2 thermal plant project is a setback but Suncon can now focus its resources on project flows locally particularly for data centre projects and the eventual revival of government infrastructure. Suncon has 5 data centre projects (from 4 clients) contributing 50% of its orderbook of RM7.9bn as at Jun-24. Management said it is also bidding for 4 data centre projects, most of which are in Johor.

Upsizing of existing data centre projects brings upside potential:
Suncon is witnessing upsizing of its existing data centre projects; in Jun 24, its existing RM1.7bn Sedenak data centre contract (Sedenak) was increased to RM3.2bn due to additional scope of work. We do not discount further upsizing of this contract depending on end demand. The remaining data centre projects in its orderbook are K2 (RM197m), early contractor involvement for a US MNC (RM58m) and another US MNC (RM748m). We think the potential upsizing of these may add another RM2bn-3bn of new orders in 2H24F and some may spillover into 1Q25F. 6M24 wins amounted to RM3.3bn (Fig 5) vs. our FY24F new win target of RM5.2bn (including precast) and its revised target of RM4bn5bn (from RM2.5bn-3bn). Hence, this implies incremental new wins of RM1.9bn which we believe is achievable not withstanding potential new wins from government infrastructure projects (Penang LRT and airport expansion and Johor ART) and new data centres.

Reiterate Add; we raise FY24F-FY26F EPS and TP:
We raise our FY24F/FY25F/FY26F EPS by 6%/23%/8% as we adjust the revenue recognition of some key projects, such as Sedenak which is a fast-track project to be completed by 1Q26F. We lift our SOP-derived TP to RM5.46 as we lift our forecasts and assign a higher target P/E of 22x for construction (parity with Gamuda), which we think is justified in spite of its smaller orderbook given superior ROEs and more concentrated data centre exposure. We also highlight in Fig 3 that the re-rating for Suncon over the past 1 year has largely been driven by EPS upgrades, lending weight that a valuation re-rating is justified. We like Suncon for its strong execution track record and first-mover advantage in the data centre space, 3-year EPS CAGR of 23% over FY23-FY26F, and market-leading ROEs of 23-30% for FY24-FY26F.

CGS International (CIMB)
Sunway Construction (SUNCON)
ADD: Higher target price: RM5.46

https://rfs.cgsi.com/api/download?file=36c77474-3d66-42e6-9b4e-15fcc651b4d2&rpt=0E6765B2-104F-4D79-85BA-EA767E11A596

https://www.thestar.com.my/business/business-news/2024/05/09/dufu-tech-confident-worst-is-over

Just found out CGS International (CIMB) has given a target price of RM9.50 for Gamuda:
(1) We believe valuation re-rating is imminent as margin trajectory improves and the faster than expected target of RM25bn new wins by CY24 is achieved.
(2) Potential FBM KLCI constituent at current market capitalization (No. 23).
(3) Reiterate Add with a higher TP of RM9.50.

At this moment, Gamuda is at the 23rd position in terms of market capitalization. Should be included into KLCI end of 2024.

Today HLIB gave a target price of RM7.80 only.

@ thundery, Jonathantyp: You all may sell at 9 a.m. on Tuesday (9.7.2024).

JCY Projects:
JCY, which manufactures four main HDD mechanical components, namely base plates, top cover assembly, actuator pivot flex-circuit assembly and anti-discs, supplies to the largest computer HDD manufacturers in the world, including Seagate Technology LLC and Western Digital Corp. It produces about 25% of the world’s HDD base plates and commands 8% to 28% of the global market, depending on the product.

Stronger quarters seen ahead
JCY International noted that the total HDD storage market showed a 3% quarter-on-quarter (q-o-q) rise in units shipped, and a 22% q-o-q rise in total storage capacity shipped — marking the second consecutive quarter the industry has seen an HDD shipment increase.

Based on this market trend, the group expects to fare even better in the second half of the year. It is projecting its factory capacity utilisation rate to increase, as its customers see improvement in the units shipped.

“Our short- to medium-term strategy remains to strengthen our core in the storage industry while diversifying into other industries,” JCY International said.

https://theedgemalaysia.com/node/712516?utm_source=Newswav&utm_medium=Website

https://www.youtube.com/watch?v=-RPAsJKsmGU
Kenapa kaunter SNS dan Novamsc naik banyak???

https://theedgemalaysia.com/node/708956

SNS Network aims to tap country’s data centre boom through new venture of super servers.

SNS will be supplying Super Servers to Data Centres.

Posted by Zachzach > 1 day ago | Report Abuse

Relax all....It will come soon...By August all will be above RM1... !!! Mark my words ya...
====================================
As long as YoY positive and QoQ positive on 21.08.2024, all still holding JCY can have a breath of relieve.

Technical Analysis for JCY:
Click on "Daily".
https://www.investing.com/equities/jcy-international-bhd-technical
Note that RSI has turned neutral (No longer overbought).

SNS Technical Analysis:
Click on "Daily".
https://ng.investing.com/equities/sns-network-tech-bhd-technical