Hahaha..Seems to have plenty mid-longterm chip in Tomypak..

F&N, Nestle and Dutch Lady all will start increasing product price due to price increase on material.. it also translate to = they accepted the price increase from supplier. :D 3A should have increase revenue for upcoming quarters, lets see if it will impact the profit margin :D

wow..finally moving up..keep inside safety box for 5-9 years..

GKent is keen to participate in the system works for rail projects such as the East Coast Rail Link, Southern Double Track and High Speed Rail. Apart from that, it has also tendered for a water treatment plant job (RM200m) where it is going against 2 other contenders.

Source: Hong Leong Investment Bank Research - 22 Mar 2017

Highlights

Hosts briefing. We attended GKent’s 4QFY17 results briefing yesterday which was represented by its Executive Director, Mr Bernie Ooi and Finance Manager, Mr Ong Kum Weng. To recap, FY17 core earnings (ex. forex) of RM94m (+133% YoY) was above expectations.
Continued works from LRT ext. Engineering PBT margin (ex. associates and JVs) expanded significantly YoY from 13.5% to 22.9%. This was due to the continued recognition of variation orders (VOs) for the Ampang LRT ext. Although the line is fully operational, several system upgrading works are still being undertaken. Management guides that there is c.RM400m worth of such works outstanding which should be largely recognised in FY18.
Eyeing to grow orderbook further. With RM1.1bn worth of new job secured last year, GKent’s orderbook now stands at RM6.2bn, translating to a superior cover of 10.4x on FY17 construction revenue. GKent is keen to participate in the system works for rail projects such as the East Coast Rail Link, Southern Double Track and High Speed Rail. Apart from that, it has also tendered for a water treatment plant job (RM200m) where it is going against 2 other contenders.
LRT3 awaits take off. Awards for the LRT3 are expected to happen from 2Q17 onwards where there will be a total of 18 main infra packages and 8 systems packages. There could be upside the LRT3’s value of RM9bn as (i) accelerated works may be required should the completion deadline not be extended beyond Aug 2020 and (ii) several design changes have been requested by Prasarana.
Expansion for metering. The metering segment saw production increase to 1.8m meters in FY17 from 1.4m. Significant contracts achieved during the year include (i) 3rd consecutive tender win from Singapore’s Public Utilities Board for 323k meters, (ii) clinched Selangor water meter contract for 530k meters (largest contract in Malaysia) and (iii) penetrated into Nepal with 70k meter order.

Forecasts
No further changes to estimates. We have already upgraded FY18-19 earnings forecast by 18% and 27% following the results release. Rating Maintain BUY, TP: RM4.73
GKent is a key rail play with exposure to the LRT extension, LRT3 and MRT2. It also boasts solid financials above industry ROE of 26% and net cash of RM0.99/share (28% of market cap).
Valuation
Our SOP based TP of RM4.73 implies an ex. cash P/E of 15x and 13.3x respectively for FY18-19.

Source: Hong Leong Investment Bank Research - 22 Mar 2017

ok..still holding 2.10 range.. :D..Fund Manager need to make sure it holds up here lolz..

yes..using momentum trader strategy on this bb.. hahaha... bcsz it is unstoppable.. lolz

thanks conjie.. I wont sell unless hit 4.00.. which can acheive this wave.. But I am taking the policy to let momentum run until end for this round..

thanks rchikor.. Took profit from gdex-bb i need to focus on a few other bb..

thank you sifu rchi.. bottomfishing is my favourite.. Today I sideline :D

but one thing for sure.. Sifu Huliyang woke me up a lot.. 10 bet win 2 big win kaukau.. his advise is straight into the face.. geng.. now if my TA is good, it will help even more.

rchikor u give me lecturela.. hengtai got discount bo? kekeke.. you rehat still overtime here today?

duitkor.. why you never offer me 1.5k meal.. I also didn't make much money because of his misleading info.. I pening kepala..walao what is rsi over 70?? I dont know ler.. so deep... I very very bad with all these technical stuffla..

I not god ler..your shoe is hard to fill..All I can say is..Ekovest got show..look at buy volume..I think TA expert please come out..hahaha

See.. I already said he will sure go to moutain liao.. he tipu us last week..sobsob..

it makes plenty of sense at this range 2.10-2.15 until the next QR :D...you may sell to me anything below this price..

gkent pengsan...

uncle dont goreng stock..the fund manager goreng..I dont like because it is not nice..conjie Penta nicer if want to trade..

COnjie..Mitra is setting up nicely for you already..lolz...u wanna punt? you think can break 1.35 range today?

conjie..listen to rchikor..hahaha..I really know Uncle Tan personally..He really don't like people goreng his stock..hahaha..so it is hard to trade but good to invest..Just my advise...keke..

If Coldeye and KYY also don't buy means no show..kekeke

conjie...too many BB inside..squeeze till you dry..uncle Tan no invite small penggoreng..only many BB

I will tell them ask the gdex guy come to KPS building in Shah Alam and bring me that daufufa profit..kekekeke...faint..meeting delay because I think everyone busy taking profit or rushing in when I am selling to them..kkekekee

walao..which samseng ate the 1.00..thanks rchikor on Dufu notification..I taken profit at 1.22...looks like last wave not much meat..

classic Taiwanese operator..must be a lot of Sifu Hu's student buying daufufa..kekekeke...okla..today's meeting will go smoothly..kekeke..see you guys in the afternoon.

laugh die me on KPS..hahaha...Can totally see it hit 1.6x then drop back to 1.50 range...Everytime like this..kekekee..jibkor is more sincere when sharing wealth..Pakatan like to squeeze ppl..

Rating
Maintain BUY, TP raised to RM4.73

GKent is a key rail play with exposure to the LRT extension, LRT3 and MRT2. It also boasts solid financials with above industry ROE of 26% and net cash position of RM0.99/share (31% of market cap).

Valuation

Apart from the earnings upgrade, we also impute the higher net cash balance into our SOP based TP, increasing it from RM3.77 to RM4.73. This implies an ex. cash P/E of 15x and 13.3x for FY18-19

Source: Hong Leong Investment Bank Research - 21 Mar 2017

Lolz..Ezra bro...Congrats to you too! I basically ignore the price action..Gkent is worth 4.00 to me currently.. after split it will easily hit this valuation.

walao hit 1.60+++ for KPS..siao liao..hahhahaa..faint..
Azmin need money for Erection...who say only can play Umno crony..kekekee..

hahaha..anyone is welcome to buy...today I only goyang kaki watch Gkent, Gdex show mainly..double G show..

ok rchikor..thanks for sharing the wealth with me..i not greedy I aim 30% only..hehe..

kekekee..jangan berebut with me rchikor..we sama2 ride with penggoreng..kekekee..

rchikor so early..kekeke..standby mode..this bb I am quiet familiar..

the share split will improve the liquidity and increase the speed of valuation process. It is the right thing to do during bull market.

GDex short term catalyst is that it secured business renowned online portal Lazada and Zalora for providing total solutions – warehousing, logistics and last-mile deliveries. Lazada was also take over last year by Alibaba.

Dividend

Subject to Shareholder’s approval at the forthcoming Annual General Meeting, the Directors have recommended a final dividend of 5.0 sen per share (FY2016: 3.5 sen per share) on the enlarged 375.51 million shares (FY2016: 300.41 million shares). In Ringgit term, this amounts to RM18.78 million (FY2016: RM10.51 million) an increase of 79% compared to the previous corresponding period. Two interim dividends have been paid for the financial year ended 31 January 2017. The first and second interim dividends of 3.0 sen per share (FY2016: 2.0 sen per share) and 2.0 sen per share (FY2016: 1.5 sen per share) respectively on the enlarged share capital amounting to RM18.78 million (FY2016: RM10.51 million) were paid on 10 November 2016 and 13 January 2017 respectively. In Ringgit term, the total dividend for the financial year ended 31 January 2017 will be RM37.56 million (FY2016: RM21.03 million), up by 79%.

Proposed Corporate Exercise

The Board proposed to undertake a subdivision of every two (2) existing George Kent shares into three (3) George Kent shares, thereby increasing the number of George Kent shares in issue from 375,512,710 to 563,269,065. The lower adjusted ex-price of George Kent shares will make the shares more affordable and improve the liquidity of the shares traded on the Main Board of Bursa Securities

yes bro.. good.. I sponsored 5 kids in cambodia from mfcb wb earning last month.. It is very rewarding.. because right after that.. Tomypak warrant give me another 100% gain.. do good will bring good luck.. keep up the good job planegor..

still early la bro... just 1/4 gone.. as long as you do better than yourself already champion mar.. real money is the important part kekekeke

wow.. Nice qr

rchikor... this gdex I know the story since dec :D

but g-bb go 1.2x easily like you said.. I am very optimistic and this is with confident as well. I will come join tomorrow :D

yes.. i notice hengtai..gdex was collected around 1.6x 50%= 2.2x ...Thats minimum I feel... this bb could be a nice 2 weeks to 1 month play.. I will ask angkong tonight if my baizhi ngam with this company bo.

hengtai gdex mother broke 1.8x means going 2.3x... nice pick.. but i dont like the company lolz...I will cheer for you all!!Sure make money..

Up_down.. I think one is a bit overvalue and one is definitely undervalue compare to its peer. If nothing is happening to both, I will continue to hold until the price is fair. lolz...

uncle rich I want also kekekekek..i didnt know you have telegram one?kekekeke

higher labour cost for manufacturing sector = better growth prospect and earning for Penta. hold on to it until the coming qr.

will take a break and consolidate at 2.14-2.15 for now.. YTD 30% it is a great acheivement..

kekekeke...rchikor..u sure u not god?

Cpteh can make more money by not doing anything with it or put in EPF.. He doesnt realised that yet after so many years... while he wait for a crash, he should buy gold when price keep dropping when market keep going higher.. He really don't understand economy cycle.

Swing traders, FA, TA, momemtum play, bottomfish etc. It all depends on lifestyle and risk appetite. Venfx, don't be like those that bash each other's methods...you are definitely better than that. It is not the methods, it is about CPteh not understanding his risk appetite to make money. lolz... FD , dividend play should be his way..because he is so bearish/ or a gold bugs.. he is in wrong line.

nothing wrong as TA trader. But his personality won't make it big as a TA trader. That's his problem.

woohoo.. close eye no need see.. already 50% papergain.. hehehe..