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2016-07-26 13:21 | Report Abuse
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Home > Business > Business News
Saturday, 21 May 2016
Vivocom wins RM46mil Pahang job
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KUALA LUMPUR : Vivocom International Holdings Bhd has won a RM46mil contract for the construction of a residential development in Genting Sempah, Pahang.
In a filing to Bursa Malaysia on Friday, the group said its subsidiary Vivocom Enterprise Sdn Bhd had been appointed by Goldenhill Accenture Development Sdn Bhd as the turnkey contractor for the construction of four blocks totaling 88 units of gated homes, a carpark and a clubhouse with a swimming pool.
The development is located at Lot 19751 (Jalan Rimba 2) Genting Sempah in the District of Bentong, Pahang.
The provisional contract amount is RM46mil and the project shall commence upon site possession and is expected to be completed within 24 months.
It is expected to contribute positively to the earnings and net assets of Vivocom for the duration of the project, the company said.
The contract is the latest among a slew of new jobs that the construction and infrastructure firm has secured this year. To date, Vivocom has won nearly RM900mil worth of new contracts.
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2016-07-26 13:18 | Report Abuse
KUALA LUMPUR: Vivocom International Holdings Bhd has proposed a one-for-four bonus issue which would involve issuing up to 870.31 million new share.
Vivocom executive director Choo Seng Choon said on Tuesday the bonus issue was to reward all the existing shareholders, many of whom had been with the company when it previously known as Instacom and core business of telecommunications
Tuesday, 12 July 2016 | MYT 7:15 PM
Vivocom proposes 1 for 4 bonus issue
Vivocom executive director Choo Seng Choon
Vivocom executive director Choo Seng Choon
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KUALA LUMPUR: Vivocom International Holdings Bhd has proposed a one-for-four bonus issue which would involve issuing up to 870.31 million new shares.
Vivocom executive director Choo Seng Choon said on Tuesday the bonus issue was to reward all the existing shareholders, many of whom had been with the company when it previously known as Instacom and core business of telecommunications.
“Bulk of these shareholders are retailers who believed in the company when we were still in our infancy and, as we grow from strength to strength, we would like to reward them with this bonus issue as only with their loyal and continued support, Vivocom can surge ahead to attain greater heights,” he added.
Choo also said the bonus issue would increase the issued and paid-up share capital to a level which would be more reflective of its current scale of operations and assets employed. Its orderbook was more than RM1.4bil with subsidiaries involved in construction, manufacturing and telecommunications.
Vivocom is the largest company on the ACE Market with a market capitalisation of some RM835.49mil as at last Thursday’s close of 24 sen, assuming all warrants are converted.
“At the present trading price levels of 23 sen, Vivocom shares represent great value for bargain hunters especially in view of the bonus issue reward just announced.
“Despite the share price having in the past several weeks corrected from its 37 sen high, long term shareholders have much to gain by staying invested in Vivocom,” Choo said.
He added the recent price correction was a healthy phenomenon and an excellent opportunity for investors to buy as its price weakness has made the share relatively cheap compared to its peers.
“We are now in the last stage of finalising another head of agreement for another project worth over RM600mil in Ipoh. The agreement will be announced in due course when completed and signed.
He said the company’s second quarterly results to be reported in the coming weeks would be at least as strong as the first quarter.
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2016-07-26 13:15 | Report Abuse
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Home > Business > Business News
Wednesday, 13 July 2016 | MYT 8:57 AM
Trading ideas: Vivocom, AirAsia, Berjaya Assets, Ireka
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KUALA LUMPUR: JF Apex Research expects Vivocom, AirAsia, Berjaya Assets and Ireka to be among the stocks to see some trading action on Wednesday after the corporate announcements.
Vivocom, the group has proposed a one-for-four bonus issue of 870.3 million shares to reward shareholders and enhance its capital base.
AirAsia clarified that a dual listing is not an option the low-cost carrier is formally considering at the moment. It also highlighted it was not pursuing any new joint venture in China.
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2016-07-26 13:11 | Report Abuse
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KUALA LUMPUR: Vivocom International Holdings Bhd has refuted news reports that its chief executive officer Datuk Seri Dr Yeoh Seong Mok plans to resign.
The company, formerly known as Instacom Group Bhd, said on Monday that Yeoh “shall remain as the CEO” and that he has “no intention of leaving” the company.
Vivocom, which is involved in construction, manufacturing and telecommunications, said it took note of its obligations under the listing requirements on timely disclosure of material developments.
It also said it would make the necessary announcements of such pertinent matters accordingly.
Last week, CIMB Equities Research said Vivocom should make it clear to investors about the status of Yeoh.
The research house said this was necessary to lift the overhang on near term sentiment on the stock as there has been a great deal of speculation on the reasons for his potential early retirement.
CIMB Research said the feedback was based on its engagement with retail, high net worth and institutional clients.
The concerns over Yeoh’s leaving came to light last month from a media report that he may be looking for early retirement.
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2016-07-26 13:03 | Report Abuse
Vivocom International Holdings Bhd (Vivocom), previously known as Instacom Group Bhd, saw net profit of RM8.4 million for the financial year 2015 (FY15) as analysts continue to see potential rerating catalysts ahead for the Sarawakian
On the construction front, the Vivocom Group has secured projects amounting to RM1.228 billion to date, including
This will be advantageous for the group, it said, noting that the Chinese contractor will guarantee completion, and this will free Vivocom’s capacity to undertake even more jobs, in addition to easing working capital requirements as the Chinese contractor will fund a large portion of the works.
“We maintain our earnings per share forecasts, add rating and target price. We understand that the recent share price weakness is due to the liquidation of large proprietary positions by some retail brokerage firms.
“We view this as an excellent opportunity to add Vivocom as the positive fundamentals of the stock are unchanged. Vivocom is a proxy for the increase in Chinese FDI flows to Malaysia.”
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2016-07-26 12:59 | Report Abuse
April 4, 2016, Monday
KUCHING: Vivocom Intl Holdings Bhd’s (Vivocom) subsidiary, Neata Aluminium (M) Sdn Bhd (Neata) was awarded RM37.5 million worth of contracts, with the latest projects being Third Avenue Cyberjaya for an amount of RM22.5 million, and Kemensah Development for an amount of RM15 million for the supply and installation of aluminium works.
This announcement is the latest in a series of solid wins for Neata, a subsidiary of Vivocom (formerly Instacom Group Bhd), a leading conglomerate in the sectors of construction, telecommunications and now manufacturing.
“Since the acquisition by Vivocom last year, our business has grown by leaps and bounds, in particular our aluminium manufacturing and installation business.
“We have secured almost RM80 million worth of contracts during the past nine months alone, all from reputable developers with high end prestigious projects such as Third Avenue, Eclipse Residence and KL Gateway, to name a few,” said Neata’s business development director Albert Chia.
“We are also presently in final negotiation to secure another two projects worth up to RM30 million, and hopefully the award will be made by the end of April 2016.”
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2016-07-26 12:22 | Report Abuse
April 4, 2016, Monday
KUCHING: Vivocom Intl Holdings Bhd’s (Vivocom) subsidiary, Neata Aluminium (M) Sdn Bhd (Neata) was awarded RM37.5 million worth of contracts, with the latest projects being Third Avenue Cyberjaya for an amount of RM22.5 million, and Kemensah Development for an amount of RM15 million for the supply and installation of aluminium works.
This announcement is the latest in a series of solid wins for Neata, a subsidiary of Vivocom (formerly Instacom Group Bhd), a leading conglomerate in the sectors of construction, telecommunications and now manufacturing.
“Since the acquisition by Vivocom last year, our business has grown by leaps and bounds, in particular our aluminium manufacturing and installation business.
“We have secured almost RM80 million worth of contracts during the past nine months alone, all from reputable developers with high end prestigious projects such as Third Avenue, Eclipse Residence and KL Gateway, to name a few,” said Neata’s business development director Albert Chia.
“We are also presently in final negotiation to secure another two projects worth up to RM30 million, and hopefully the award will be made by the end of April 2016.”
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2016-07-26 12:05 | Report Abuse
TA03057Previously known as Instacom Group Bhd (Instacom Group) with telecommunications solutions as a singular source of revenue, Vivocom Intl Holdings Bhd (Vivocom) is now a rising construction powerhouse with a constant flow of contract wins in its pockets and a first quarter of 2016 (1Q16) net profit that has surpassed expectations.
To strengthen the group’s image and to better reflect the group’s new focus and aspiration to be a regional construction group, Instacom Group changed its name to ‘Vivocom Intl Holdings Bhd’ on January 14, 2016.
Through its subsidiary, Instacom Engineering Sdn Bhd (Instacom Engineering), Vivocom has made its mark within the telecommunications industry as one of the leading services providers and for their superior engineering expertise in tower building.
Instacom Engineering currently undertakes works nationwide, concentrating in the Northern Region, Klang Valley and Southern Region of Peninsular Malaysia, as well as in Sabah and Sarawak.
“We count as our clients major telcos throughout Malaysia and also multinational companies,” Vivocom executive director Choo Seng Choon told the BizHive Weekly in an exclusive interview.
According to Choo, the telecommunications industry was very lucrative a few years back. However, he noted that over the years, profit margins have slipped.
TA03058
This was one of the key reasons why Vivocom ventured into alumininium manufacturing and construction as it places the group now on an even more solid and stable footing in terms of having sustainable and recurring revenue growth.
“Our earnings base has been diversified and we have enhanced shareholder value,” he added.
Choo cited common elements between telecommunications and construction, explaining that in the latter, it all revolves around constructing towers – which bears similar principles to construction.
Aside from its involvement in the telecommunications industry, Vivocom had during the financial year ended 2015 (FYE2015) acquired 78.6 per cent of the equity in Neata Alumininium (Malaysia) Sdn Bhd (Neata), which in turn owns 100 per cent of Vivocom Enterprise Sdn Bhd (Vivocom Enterprise), a subsidiary engaged in civil engineering and construction.
This means that Vivocom is now actively and directly involved in the industries of telecommunications, manufacturing and construction.
“As a result, the enlarged Vivocom Group has now strategically diversified into new areas and viable businesses,” Choo said.
“On the operational side, since the acquisition of Neata and Vivocom (Enterprise), we have reaped benefits operationally in the sharing of resources and know-hows, and expansion of business opportunities through cross-marketing of products and services and cross-referencing of customers within the enlarged Vivocom Group.”
Group on a winning streak
The year is coming to its halfway mark, Vivocom has already impressed its stakeholders by winning a number of notable contracts mostly in the construction sector – and the group shows no signs of slowing down.
Choo highlighted that the construction industry will be the prime mover for the Malaysia economy especially in 2016 and 2017.
TA03059
“With election looming in 2018, the government would be keen to start major projects to develop the nation,” the executive director observed. “Projects such as Gemas-JB Double Track, High Speed Rail, MRT2, etc would definitely help to pump (and) prime the economy as well as to build the nation further.”
According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), Vivocom has transformed itself into a formidable player in the construction sector with strong orderbook replenishment capabilities backed by the group’s technical joint-venture with China Railways Construction Corporation Ltd (CRCC).
“Furthermore, its strategic position within the construction value chain would help to insulate its operating model from impending risks and recurring income from telecommunication assets would provide additional earnings support,” MIDF Research observed.
To date, Vivocom has secured projects totaling more than RM1.36 billion including RM594 million from CRCC Malaysia, a subsidiary of China’s construction behemoth CRCC.
The group has a strategic relationship with CRCC Malaysia and is their in-house contractor as well as their Project Delivery Partner in Malaysia.
Independent of CRCC, the rising player in the construction industry also tries to land projects based on its own merits.
For example, in May 2016 alone, Vivocom announced that it has won two projects in Perak amounting to RM250 million while later in the month, the group also secured its maiden project in the state of Pahang amounting to RM46 million.
“Having successfully secured two projects totalling RM250 million in the state of Perak, we hope to top these two wins with another milestone as we continue to make inroads to establish a presence in the state of Perak,” said Choo.
On the the project in Pahang, Vivoc
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2016-07-26 12:01 | Report Abuse
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Vivocom will likely record strong 1Q16 results
April 11, 2016, Monday
A construction worker is seen working on a construction site. Combined with the RM600 million in new contract wins announced year-to-date, Vivocom will be comfortable at RM2.6 billion new contract wins by mid-2016, analysts say. — Reuters photo
A construction worker is seen working on a construction site. Combined with the RM600 million in new contract wins announced year-to-date, Vivocom will be comfortable at RM2.6 billion new contract wins by mid-2016, analysts say. — Reuters photo
KUCHING: Vivocom International Holdings Bhd’s (Vivocom) first quarter of 2016 (1Q16) results are likely to be strong, analysts project.
According to the research arm of CIMB Investment Bank Bhd (CIMB Research), Vivocom’s share price has risen in the past few weeks (up 11 per cent). The research arm believed this could be due to several reasons. These include the expectation of a strong 1Q16 result as well as new contracts.
“We believe that Vivocom is likely to report strong 1Q16 results in mid-June 2016 that will beat our estimates,” CIMB Research said.
The research arm noted that in a recent newspaper report, executive director Choo Seng Choon guided for financial year 2016 (FY16) revenue of RM760 million, which was 33 per cent higher than its estimate.
“Assuming similar net profit margins, this implies FY16 net profit of RM60 million or RM15 million per quarter,” it said.
CIMB Research highlighted that Vivocom is finalising the award of RM1.5 billion worth of letter of intents (LOIs) over the next three months.
“In addition, we understand that another RM500 million in new building jobs in Ipoh is in the pipeline,” it said.
CIMB Research noted that combined with the RM600 million in new contract wins announced year-to-date, Vivocom will be comfortably at RM2.6 billion in new contract wins by mid-2016.
Vivocom will only require another RM400 million in wins for the second half of 2016 (2H16) to meet the research arm’s 2016 estimate, which could be surpassed if the Gemas-JB double-track is awarded by year-end.
On another note, CIMB Research observed that Vivocom is also in negotiations with other Chinese contractors in Malaysia for subcontract works.
“In addition, negotiated tenders with private sector developers, while not necessarily headline-grabbing, are lucrative contracts with high margins.
“Given that Vivocom’s orderbook is growing rapidly, it can afford to be more selective and take on only high-margin jobs,” the research arm said.
CIMB Research pointed out that Vivocom needs about 10 per cent working capital for every ringgit of the group’s outstanding order book, primarily to meet the five per cent performance bond and five per cent for preliminary work done.
“To that end, Vivocom intends to complete the balance 4.5 per cent of its 10 per cent placement by mid-2016.
“Overall, Vivocom is not keen on taking on too much debt and will retain a 70-30 equity-debt structure,” the research arm said.
As such, the research arm believed that a placement in 2017 could happen if job wins exceed its expectations.
Over the next three months, CIMB Research expected multiple re-rating catalysts to materialise.
“In addition to letter of awards for various contracts worth RM1.5 billion, the strong 1Q16 results should calm investors’ earlier concerns about Vivocom’s execution ability,” it said, adding that China Railway Construction Corp Ltd (CRCC) contract awards are likely to materialise in 2H16, which are Penang major roads and Gemas-JB double-track.
The research arm retained its earnings per share (EPS) forecasts, sum of parts (SOP)-based target price and ‘add’ rating.
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2016-07-26 11:59 | Report Abuse
April 30, 2016, Saturday Yvonne Tuah, yvonnetuah@theborneopost.com
KUCHING: Vivocom International Holdings Bhd’s (Vivocom) unique position as a project management consultant and main/sub-contractor makes it a compelling risk/reward stock, analysts observed.
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in its initiation report of Vivocom, noted that its unique operating model as a project manager and the subcontractor, minimises the risks of rigid project schedule, design variations and excessive approvals procedures and variations of construction design.
Furthermore, it pointed out that Vivocom is able to address construction risks through its diversification strategy.
It said, the company takes on projects in various segments of industrial, commercial, residential and heavy civil.
“Our check with the management reveals that Vivocom’s current strategy is not to specialise as a contractor by ‘putting all of its eggs in one nest’ but to generalise its capabilities to further widen its orderbook.
“Currently, Vivocom are venturing into public housing to increase its track record for domestic public housing jobs,” it added.
Aside from that, Vivocom has a strong order book for heavy, civil, commercial and industrial engineering from China Railways Construction Corporation Ltd (CRCC) in Malaysia via a technical joint venture for project management and sub-contracting.
MIDF Research noted that while there is a risk of a slowdown in the construction sector due to policy reversal through the reduction of development expenditures by the governments of Malaysia and/or China, it anticipated a moderate degree of structural risk exposure.
This is due to Vivocom’s diligence of projects before acceptance, and the historical performance of project execution through reliance of supplies and technology from clients such as CRCC, it added.
Besides that, the research team expects lower construction cost due to the supply of building materials from its subsidiary Neata Aluminium Sdn Bhd which supplies aluminum doors and windows.
It noted that based on its orderbook assessment, 95 per cent of VIHB’s projects are for the construction of mixed/residential projects. Hence, the building materials supply from Neata facilitates the reduction in its bills of quantities (BQ).
Other risks in the stock include severe depletion in net working capital and structural risks pertain to contract provisions and definition especially on the role as a project management and a sub-contractor as well as the strength of the contractual covenants, such as projects that require specific technical capabilities such as railway engineering (signaling and telecommunication.)
MIDF Research noted that without the strong covenant and contract provision with clients and vendors, Vivocom would face a heightened risk of the vendors and suppliers exiting pre-maturely or unpredictability in supply or services for project execution.
Nevertheless, it pointed out that Vivocom has a strong pretax margin, positive operating cash flow, strong orderbook from joint venture strategy, and a steady recurring income from its telco segment.
It said, Vivocome has recorded a strong pretax of 10 to 12 per cent compared to its peers in the Kuala Lumpur Construction Index (KL Con) of eight per cent for the past three years.
“Its healthy operating margin is illustrative of its business model in project management and sub-contracting. Its position in the construction value chain enables the reduction for construction cost of tender, performance bonds and mobilisation fee,” the research team commented.
Vivocom has also recorded a three-year average free cash flow (FCF) of RM 15.5 million which is not heavily saddled by interest payment, capital and development expenditure.
“We are expecting the positive cash flow to be sustainable with an estimated growth rate of 30 per cent underpinned by healthy margin and cost structure,” MIDF Research said.
It further pointed out that Vivocom’s orderbook has grown by 33 per cent from RM1.8 billion in 2015 to RM2.4 billion year to date especially in mixed development construction segment.
“The total construction backlog is indicative of the success of its joint venture strategy with CRCC by acting as the project manager, sub-contractor or combination of both,” it opined.
Additionally, Vivocom enjoys steady recurring income from the rentals of 50 telecommunication assets nationwide with the three-year average contribution of RM25.4 million per annum on the back of an admirable 15 per cent net margin.
“The telco segment amounts to 21 per cent of its total revenue. Although, the growth of the telecommunication industry is sluggish; rentals from telecommunication assets are steady due to service provisions in contractual billings and network coverage,” it said.
Looking ahead, the research team believed that Vivocom would be able to clinch heavy, civil and heavy construction packages such as the M101 Skywhee
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2016-07-26 11:57 | Report Abuse
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).
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2016-07-26 11:56 | Report Abuse
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 RM1.4bil. - RM600mil project is in the final stage of completion. To be announced in Aug 2016. - Total project pipeline RM3.0 bil. - There is a plan to move Vivocom to Main Board in 2017. - Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector. - Current Net Tangible Asset is 29 sen. - Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing etc... - Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil. These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.
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2016-07-26 11:52 | Report Abuse
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 RM1.4bil. - RM600mil project is in the final stage of completion. To be announced in Aug 2016. - Total project pipeline RM3.0 bil. - There is a plan to move Vivocom to Main Board in 2017. - Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector. - Current Net Tangible Asset is 29 sen. - Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing etc... - Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil. These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.
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2016-07-26 11:52 | Report Abuse
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 RM1.4bil. - RM600mil project is in the final stage of completion. To be announced in Aug 2016. - Total project pipeline RM3.0 bil. - There is a plan to move Vivocom to Main Board in 2017. - Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector. - Current Net Tangible Asset is 29 sen. - Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing etc... - Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil. These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.
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2016-07-26 11:51 | Report Abuse
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).
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2016-07-26 03:23 | Report Abuse
Borneo Post
Vivocom secures another contracts amounting to RM600 million in Kampar Township
July 26, 2016, Tuesday
KUALA LUMPUR: Vivocom Intl Holdings Berhad (Vivocom) has secured another new contract amounting to RM600million which further enhances its already strong earnings and net assets to date which meet 2bil order book target this year 2016.
Vivocom’s construction arm, Vivocom Enterprise Sdn Bhd, yesterday received and accepted a Letter of Award (LOA) for a RM600 million construction project from Perak State Development Dept to be Turnkey Contractor for the construction of Kampar Township, Perak.
These said contracts secured are the latest of its wins which has resulted i, Vivocom Group’s order book swelling to above RM 2 billion.
According to a filign to Bursa Malaysia, executive director Choo Seng Choon said: “With the latest contract wins just announced, Vivocom has proven yet again its ability to secure projects without CRCC projects.
“We shall continue to work very hard on securing more projects to deliver on our fundamentals performance, and we are very confident the investment community will give the Company due recognition in due course,” Choo added.
The Company’s second quarterly results to be reported and announced in the coming weeks, and would be at least as strong as the first quarter just announced,” he further said.
Based on its annualised first 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.
Meanwhile, all five research houses covering Vivocom continue to emphasis a buy on the stock with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of some 145 per cent from the most conservative estimate for Vivocom’s fair value. — Bernama
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2016-07-23 11:42 | Report Abuse
Hahahaha, kind of joke. He had been camping two months to ask everyone to sell and talk bad about Vivocom , now mentioned his team has make bunch of profits. Dog foods I thinks he made.
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2016-07-23 06:53 | Report Abuse
http://www.theedgemarkets.com/my/article/vivocom-denies-rumours-clarifies-yeoh-will-remain-ceo
The intention of creation bad rumuors by edge is so significant showing that their are part of conspiracy to push down our blue chip Vivocom share. The syndicate hired edge n cyber dog to push down the share price so that they can collect at lower prices. They want you selling at losses so that they can collected cheaply before second quarter announcement result. They knew in advance future revenue for second quarter going to exceed expectation and plus bonus issued and more big amounts contract award soon.
This phenomenon will push Vivocom share price to another high sky and maybe limit up.
I will keep buying of the share drop price otherwise I will never have the opportunities if the share pass 0.300. Invest at your own risk.
When you catch the bottom, the rest and the future is easy and bright.
I hope investors can open up their mind what is happening on vivocom
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2016-07-23 06:41 | Report Abuse
Results is the best answer for confidents instead of arguments. If anyone feel barking is annoying, please press abused button everytime barking is back. Cause animal has no place in here. Dog is not allowed...
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2016-07-20 05:28 | Report Abuse
The most anticipated target price in short term will be 0.400. This is the biggest resistance to be test. If investor are looking longer term of investment and holding longer of Vivocom share instead profit taking, you definitely will see it break 0.40 and retest 0.45 resistance. Good luck for all. And invest at your own risk.
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2016-07-19 21:07 | Report Abuse
Forum here is suppose to share informations and keep everyone well inform about the share trading directions. With good karma form everyone sharing, everyone benefits for this forum to make money. But this conman, in order to promote himself, write And share bad rumours to create market uncertainty to cause fear in investor. For those who has follow his call and cut losses, I m indeed share sympathy and sad of your losses. And yet this conman keep continue spill more lies and negative news and maybe himself has collect at lower price while investor who with fear selling their share at loss. And duit bro, u asking us to make sympathy on him. It this justified your asking? He maybe the one who been paid to work with syndicate to trap people at lost. I believe is karma. I truthly believe one day he will pay back what he did to people who suffer at losses of money by his action. Tq
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2016-07-19 19:16 | Report Abuse
Duit bro, I am welcome you if u have anything to comment on Vivocom even its a negative part of Vivocom. Cause I knew your comments is honest and with facts. Everyone will be appreciate. Tq
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2016-07-15 08:43 | Report Abuse
VIVOCOM SUMMARY - Latest Update
- Declared Bonus issue 1:4 on 12 July to reward shareholders.
- 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 RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018.
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2016-07-13 06:55 | Report Abuse
Posted by MyView > Jul 12, 2016 10:54 PM | Report Abuse
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 RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil.............then they already meet the target of 3 bil.............lasting up to 2018
With above forecast and current orders and upcoming order book. Vivocom is highly undervalue at current share price. TP 0.500 for year ending 2016 is definitely achievable forecast.
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2016-07-13 06:37 | Report Abuse
Board of Director did a great job to reward loyal investors. At least assure those who has bought at higher share price, will make minimum losses and maybe making profit again in short terms. I wish everyone has remembered I keep remind if you not to sell that day otherwise you are a sure 100% loser. Now if you maintain or averaging down earlier, you are on the way back to win profits again. Don't lose hope but buy more time. I make same mistakes before. Unless it was making losses within small amount n can always cut loss immediate. For those who has called to sell and give some intentional comments behind, you must know why they had done that. Good luck and invest at your own risk.
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2016-07-13 06:26 | Report Abuse
Goldentriangle I am proud on you been having trust on your investment. Wish you have bought some at low price.
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2016-07-12 17:33 | Report Abuse
http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2685153
Great great great news!!!
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2016-07-12 07:29 | Report Abuse
Capital TV: Vivocom Internatiomal Bags RM160 Million Contract For Mixed Development Project in Perak https://www.youtube.com/watch?v=IPvFaejO0M0&feature=youtu.be
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2016-07-12 07:28 | Report Abuse
m/my/article/construction-biz-drives-vivocoms-1q-earnings-27-times-mulls-bonus-issue-free-warrants
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2016-07-12 07:22 | Report Abuse
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Stock: [VINVEST]: VINVEST CAPITAL HOLDINGS BERHAD
2016-07-26 13:22 | Report Abuse
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KUALA LUMPUR: Vivocom International Holdings Bhd’s subsidiary has inked an agreement for a RM160mil contract to carry out a mixed development project in Ipoh.
Vivocom (formerly Instacom Enterprise Sdn Bhd) said yesterday that its subsidiary Vivocom Enterprise Sdn Bhd (VESB) had inked a heads of agreement with De Facto Integrated Sdn Bhd to undertake the job.
“The execution of the final agreement shall be conditional upon the finalisation and completion of the contract bill of quantities,” it said. The Ipoh District and Land Office is the legal and beneficial owner of the vacant land.
“The cost and outlay by Vivocom Enterprise as the main contractor to implement the project have not been fixed and shall be determined once the terms and conditions of a final agreement is mutually agreed upon by the parties,” it said.
Vivocom said VESB will finance the cost and outlay by way of the internally generated funds and/or bank borrowings.
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