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2018-05-14 12:03 | Report Abuse
Subject: MyEG (MYR1.81): Expanding its wings in the Philippines; stock performance volatile
Maybank IB Retail Research
MyEG’s 40% associate company, I-Pay MYEG Philippines Inc, entered into service level agreement with the local government of Quezon City, Philippines to act as the electronic payment gateway service provider for Quezon in relation to collection of taxes and other services offered by Quezon through its payment channel. This project has a concession period of one year and the convenience fee which I-Pay MYEG is allowed to charge ranges from PHP15 to PHP25.
While this news is positive, MyEG’s share price performance could be volatile in the near-term post GE14. This is also associated to its rich valuation, which is trading at 34.4x consensus FY6/18 EPS of 7.5sen (based on last Tuesday’s closing price of MYR2.58).
But looking beyond the volatility arising from GE14, this latest tie-up enables the group to expand its concession business into the Philippines, a positive move in the long-term as it reduces dependency on the local market. It is also noted that the group is trying to expand its commercial business.
Earlier this year, the group launched two new services namely: 1) new job-matching and placement service to match Malaysian employers with foreign workers; and 2) electronic money via iPayEasy e-wallet. It has also proposed to acquire a 23.5% stake in Stampede Holdings S/B which mainly involved in debt collection system, Volare, that automates and standardises key collection process. It is also in talks WIth JCorp to acquire or lease a land in Muar Furniture Park.
As of writing, the stock has hit limit down. This brought P/E valuation to 24.1x. Although there may be still risk to the downside, it is reckoned that earnings prospects for MYEG remain healthy and the business does not face any going-concern issue. Therefore, unless there is review on its concession business, the street’s 25.9% 3-year EPS CAGR for FY6/18-21 looks intact.
Fundamentally, brokers are mixed on the stock. There are three Buys, three Hold and one Sell while the mean target price is MYR2.80. Valuation as mentioned is on the high side. At current price, the stock is trading at 24.1x consensus FY6/18 EPS of 7.5sen.
2018-05-14 10:03 | Report Abuse
look positive on this stock. Go go go
2018-05-14 08:34 | Report Abuse
So, this is PH Stock. And the latest oil subsidy might need to use IC chip.
2018-05-11 12:52 | Report Abuse
http://www.enanyang.my/news/20180510/%E6%95%A6%E9%A9%AC%E4%B8%AD%E5%9B...
吉隆坡10日讯)希望联盟名誉主席敦马哈迪医生说,会致函中国国家主席习近平,建议兴建更大的铁路,毕竟中国在兴建铁路方面掌握先进技术,预计未来原料的运输将会越来越多,除了从中国运往欧洲,物货也可通过铁路运至韩国、日本等。
马哈迪在记者会上表示,对政府而言,中国倡议的一带一路略战不是问题。
他认为,东盟是非核区域,他不希望会有战事。
2018-05-11 11:21 | Report Abuse
http://www.enanyang.my/news/20180510/%E6%95%A6%E9%A9%AC%E4%B8%AD%E5%9B%BD%E6%8E%8C%E6%8F%A1%E5%85%88%E8%BF%9B%E6%8A%80%E6%9C%AF-%E8%87%B4%E5%87%BD%E4%B9%A0%E8%BF%91%E5%B9%B3%E5%BB%BA%E6%9B%B4%E5%B9%BF%E6%B3%9B%E9%93%81%E8%B7%AF/
吉隆坡10日讯)希望联盟名誉主席敦马哈迪医生说,会致函中国国家主席习近平,建议兴建更大的铁路,毕竟中国在兴建铁路方面掌握先进技术,预计未来原料的运输将会越来越多,除了从中国运往欧洲,物货也可通过铁路运至韩国、日本等。
马哈迪在记者会上表示,对政府而言,中国倡议的一带一路略战不是问题。
他认为,东盟是非核区域,他不希望会有战事。
2018-04-10 22:49 | Report Abuse
Monthly production figures: (Timber)
Log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
October 2017- 49795 cubic metres.
November 2017 - 35435 cubic metres.
December 2017 - 28512 cubic metres.
Total : 113742 cubic metres
January 2018 - 18837 cubic metres.
February 2018 - 24466 cubic metres
March 2018 - 26629 cubic metres
2018-03-28 17:55 | Report Abuse
Monthly production figures: (Timber)
Log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
October 2017- 49795 cubic metres.
November 2017 - 35435 cubic metres.
December 2017 - 28512 cubic metres.
Total : 113742 cubic metres
January 2018 - 18837 cubic metres.
February 2018 - 24466 cubic metres
2018-02-24 14:43 | Report Abuse
Monthly production figures: (Timber)
Log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
October 2017- 49795 cubic metres.
November 2017 - 35435 cubic metres.
December 2017 - 28512 cubic metres.
Total : 113742 cubic metres
January 2018 - 18837 cubic metres.
2018-02-22 20:51 | Report Abuse
KUALA LUMPUR (Feb 22): Fajarbaru Builder Group Bhd’s second quarter net profit more than tripled to RM6.89 million from RM2.18 million a year ago supported by higher contribution from its timber segment.
Earnings per share for the second quarter ended Dec 31, 2017 (2QFY18) rose to 1.87 sen from 0.6 sen in 2QFY17, the group said in a bourse filing.
“The increase in revenue and profit before tax [from the timber segment] were mainly due to increase in demand and price during the current quarter,” said Fajarbaru.
Revenue in 2QFY18 nearly doubled to RM120.94 million from RM61.49 million previously. “The increase in revenue was mainly due to higher activities in the construction, property development, and logging and timber trading segments,” it said.
For its six-month period (6MFY18), Fajarbaru’s net profit rose 82.19% to RM11.97 million from RM6.57 million in 6MFY17, as gains under the investment segment and the logging and timber trading segments mitigated higher adjustments and losses in the construction segment due to higher costs.
Moving forward, Fajarbaru said it believes that it is in a “good position” to be awarded rail-related construction jobs, after having completed various rail-related projects previously.
“In addition, our group has invested into the latest trackwork machineries which are capable of constructing and maintaining railway tracks and such services are only provided by a limited number of companies,” it said.
The group also highlighted its RM440 million order book — excluding internal projects — under its construction segments.
However, it conceded the challenging property market is expected to persist, but will continue to promote two of its projects in Kuala Lumpur and Melbourne, Australia, with another development in Puchong, Selangor, in the pipeline.
“The group will continue to focus on developing residential properties for the middle and upper-middle income market in urban and locations with good connectivity,” it added.
The group is also upbeat about the timber industry, amid improving economies in Asia to spur demand. “With the stable average prices of timber products, the logging and timber trading segment will continue to generate significant revenue to the group,” it said.
Shares of Fajarbaru closed unchanged at 79 sen, giving it a market capitalisation of RM295.13 million.
2018-01-27 08:49 | Report Abuse
Monthly production figures: (Timber)
Log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
October 2017- 49795 cubic metres.
November 2017 - 35435 cubic metres.
December 2017 - 28512 cubic metres.
Total : 113742 cubic metres
2018-01-17 17:36 | Report Abuse
Board of Directors of Fajarbaru Builder Group Bhd. (“FBG” or “the Company”) wishes to announce that a wholly owned subsidiary of the Company, Fajarbaru Builder Sdn. Bhd. has on 17 January 2018 accepted a Letter of Award dated 12 January 2018 from Malaysia Airports (Sepang) Sdn. Bhd. in respect of the project known as "Proposed Improvement Works and Upgrades the Existing Building, Satellite Building at Kuala Lumpur International Airport (KLIA) Complex which involves Mezzanine Floor, Passenger Floor and Ground Floor on Lot No. PT13 of Kuala Lumpur International Airport in Sepang District, Selangor Darul Ehsan" (“the Contract”).
The Contract period is Fourteen (14) months commencing from 1 February 2018 to 31 March 2019.
The Contract value is Ringgit Malaysia Twelve Million Nine Hundred Twenty Five Thousand only (RM12,925,000.00), excluding of 6% Goods and Services Tax (GST).
The Contract will have no material effect on the share capital and substantial shareholders’ shareholding of FBG.
The Contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial years ending 30 June 2018 and 30 June 2019
2017-12-27 17:20 | Report Abuse
Monthly production figures: (Timber)
Log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
October 2017- 49795 cubic metres.
November 2017 - 35435 cubic metres.
2017-12-15 20:21 | Report Abuse
who are the competitor for Serba Dynamik ?
2017-12-10 09:47 | Report Abuse
Since you are young, i think you should choose some potential growth Small Cap company rather than those stock merely for the GE 14. Long term growth stock is more important than short term catalysis like GE14.
2017-11-30 10:28 | Report Abuse
Monthly production figures: (Timber)
October 2017- 49795 cubic metres.
2017-11-29 20:47 | Report Abuse
I just realise that Thepainfultruth also new account and only keep comment about Sasbadi. All is new account member at here...hahaha..
2017-11-23 15:35 | Report Abuse
Thepainfultruth did a very good job. Tq very much.
2017-11-22 15:24 | Report Abuse
www.khanacademy.org This is so great! is it follow Malaysia education syllabus?
2017-10-30 21:42 | Report Abuse
OUTLOOK & PROSPECTS
The Malaysian economy registered a robust growth of 5.7% in the first half of 2017, driven by domestic demand and
export growth. The global economy is also expected to improve mildly in 2017 and 2018, supported by an increase in
trade, industrial production and manufacturing, accompanied by firming commodity prices.
Nevertheless, our construction business will continue to expand through financial year 2018, driven by our current
orderbook of approximately RM400.0 million. Besides that, we believe that we are in good position to be awarded some
of the rail construction jobs, after having completed various rail-related projects, such as Double-Track (Seremban-
Gemas), LRT stations and Depot. In addition, our Group has invested into the latest trackwork machineries which are
capable of constructing and maintaining railway tracks and such services are only provided by a limited number of
companies.
On the property development landscape, the Malaysian property market is expected to remain challenging with a
modest domestic economic growth and stringent financial lending conditions. However, the property market should be
sustained due to various property-related incentives and accommodative monetary policy of the Government. Going
forward, the Group will focus on promoting our Rica Residence @ Sentul and Paragon – Australia’s first high-rise indoor
forest development in Melbourne. Our Rica Residence @ Kinrara, a 5 blocks condominium comprising of between 14
storeys to 32 storeys each and located in Puchong which is serviced by LRT, LDP and Kesas highway. The Group
plans to launch the project by 2018.
Furthermore, we have a total of approximately 145 acres of landbank. The demand for residential property in urban and
strategically located areas will be sustained, in light of the upcoming developments of public transportation systems
as well as the construction of new highways. The Group will continue to focus on developing residential properties for
the middle and upper-middle income market in urban and well-connected areas.
For timber industry, backed by the positive outlook in global production, increased consumer confidence and improved
economies in Asia, the prospects is indeed bright. With the stable average prices of timber products, the logging and
timber trading segment will continue to generate significant revenue to the Group.
From Chairman Statement of the Annual Report 2017.
2017-10-27 17:16 | Report Abuse
log timber quarterly production for July, Aug, Sep 2017 is 104258 cubit meters.
2017-09-19 09:13 | Report Abuse
目标价:1.32令吉最新进展
7月至今,星辰建筑(FAJAR,7047,主板建筑股)已取得1亿200万令吉新增订单。
相比之下,截至6月杪2017财年全年只取得6900万令吉新合约。
目前,该公司正竞标30亿令吉合约,主要是铁道基础建设。
行家建议
亏损2个财年后,建筑业务应该会在2018财年转盈。
我们相信,星辰建筑会崛起成为大规模铁道工程的主要竞争者,尤其是轻快铁第三路线高架桥和车站,以及金马士双轨项目。
此外,火车资产机构正简化铁道资产,星辰建筑未来可能竞标维修合约。
预计该公司在2018财年新增订单达6亿令吉,2019及2020财年则是各7亿令吉,且这3年的每股净利年均复增为12%。
这代表,2018财年内,还会取得4亿9800万令吉新合约。
至于木材业务,2018财年盈利料与上财年相似,但2019财年将稍跌至7800万令吉,因为首个特许经营权会在2019年5月期满。
1.32令吉目标价是每股净资产价值1.65令吉折价20%。
2017-09-08 16:26 | Report Abuse
Patron, latest issued of Focus Malaysia?
2017-06-16 17:01 | Report Abuse
Exdate: 16 June, Entitlement Date: 20 June. Please check again
on 20 June.
2017-05-01 17:17 | Report Abuse
timothyong@yahoo.com
Stock: [MSPORTS]: MULTI SPORTS HOLDINGS LTD
2019-12-06 18:05 | Report Abuse
any news on this? will lewre RTO Msports?