@ChasingDreamz it is stated in the Analyst insight from AmInvestment, also can read in the news here,

http://www.theborneopost.com/2016/04/21/ikhmas-jaya-actively-seeks-orderbook-replenishment-from-sarawak-projects/

and here,

http://www.thestar.com.my/business/business-news/2016/04/20/aminvestment-upbeat-on-econpile-and-ikhmas-jaya/

ridah118 TP at least before year end. Ikhmas already secured RM438m worth of jobs to-date and we are yet to complete Q2 2016. Compared to full financial year 2015, it was only Rm206m. Expect to exceed target of order book RM500m and boost earning.

More upside coming as more contracts will be awarded. Currently tender book is about RM3billion including Pan Borneo Highway, MRT2, DUKE etc.

will continue tomorrow

http://www.thestar.com.my/business/business-news/2016/04/21/strong-demand-seen-for-specialist-construction-jobs/

http://www.thestar.com.my/business/business-news/2016/04/20/aminvestment-upbeat-on-econpile-and-ikhmas-jaya/

TP RM1

good closing. tomorrow continue fly

move move

0.75 already

buy buy noww. more upside

goodluck waiting at 0.71 or entry at cut loss

Entry : 0.725. Target: 0.77 (6.2%), 0.835 (15.2%). Cut loss 0.70 (-3.4%)

prepared to fly

good for long term investment, more jobs in the future

touch 0.735 already. time to fly.

TP 0.93

fair value is only at 15 sen. now is too expensive. EPS is only 0.89 for share price of 38 sen. Should drop more at least to 20 sen.

http://www.novamsc.com/news/news_2016jan.htm

0.105 sapu abesssss

520 mil shares

http://www.themalaysianinsider.com/business/article/ikhmas-jaya-up-3.9-on-malacca-subcontract

it's gonna be a good year for ikhmas. buy now.

http://www.theedgemarkets.com/my/article/ikhmas-jaya-bags-rm653m-bridge-construction-job-melaka

where is that peacemaker always yelling here for sanichi can go until 15 sen? gone already?

yeap. drop to rest a bit and flush the contra people. now rebound like hell

get ready

collect more at 0.115

TP RM1

http://www.thestar.com.my/business/business-news/2016/01/06/ikhmas-kept-at-buy-after-contract-win/?style=biz

AmInvestment retains Buy on Ikhmas Jaya

KUALA LUMPUR: AmInvestment has maintained a “buy” call on Ikhmas Jaya Group Bhd with an unchanged fair value of 85 sen per share, pegged to 12 times FY16F earnings per share.


The research house said on Tuesday Ikhmas Jaya had accepted a letter of award to undertake the construction of a RM166.4mil “suite” serviced apartments for Bina Puri Holdings’s property subsidiary Star Effort Sdn Bhd.

The bore piling and bridge specialist said the contract was for a period of 29 months and was expected to commence on January 2, 2016 and to be completed by June 1, 2018.

AmInvestment said although Ikhmas Jaya did not disclose the scope of works for the project, the research house believed it to comprise both superstructure and substructure works.


“Assuming net margin of 10%, the contract is estimated to contribute about RM5.5mil annually over FY16-18 forecast.

“This announcement marks a great start for the year. The contract win already makes up 51% of our order book replenishment of RM330mil for FY16 (FY15: RM206mil),” AmResearch said.

With the latest win, AmInvestment estimated Ikhmas Jaya’s outstanding order book to amount to about RM280mil currently.


Given the resilient demand for piling jobs (as well as superstructure works) in the market, the research house expects Ikhmas Jaya to secure more contracts in the coming year to replenish its order book.


“All in, Ikhmas Jaya should benefit from ongoing and new infrastructure and project jobs under the 11th Malaysia Plan as well as those initiated by the private sector. We maintain buy,”
AmInvestment said.

Source: http://www.thestar.com.my/business/business-news/2016/01/05/amresearch-retains-buy-on-ikhmas-jaya/?style=biz

KUALA LUMPUR: Piling and foundation specialist Ikhmas Jaya Group Bhd has clinched a RM166.4mil contract from the Bina Puri Holdings group to build two serviced apartment blocks in Kampung Attap, Kuala Lumpur.

Ikhmas Jaya, which also does superstructure works for buildings, told Bursa Malaysia that the contract for 357-unit project located along Jalan Talalla, would be completed by June 1, 2018.

The contract was awarded by Bina Puri’s 95% owned indirect subsidiary Star Effort Sdn Bhd.

It is not clear in the statement whether the scope of works would involve only foundation or superstructure works.

Ikhmas Jaya said the project was expected to contribute positively to the group’s earnings and net assets for the financial year ending Dec 31, 2016.

It was reported in 2014 that Bina Puri planned to build a 32-storey, 357-unit serviced apartment project along Jalan Talalla called Opus, with a gross development value of RM370mil.

rally today

http://www.theedgemarkets.com/my/article/ikhmas-taking-pause-says-alliancedbs-research

Ikhmas taking a pause, says AllianceDBS Research

KUALA LUMPUR (Dec 15): AllianceDBS Research said Ikhmas Jaya Group Bhd ( Valuation: N/A, Fundamental: N/A) was taking a pause and that Ikhmas had on Dec 14 traded within previous day’s range to form an inside day bar before closing at 70 sen (down 1 sen or 1.40%).

In its evening edition yesterday, the research house said Ikhmas continued to trade above the 20-day and 50-day moving average lines in the last 3 days.

“The inside day bar indicated a breather in the game play.

“Given the recent price action, the stock is likely to move between 68.5 sen and 72.5 sen in the coming few days.

“A crossover of 72.5 sen should see further price rise to the next overhead resistance zone, 79 sen – 82 sen.

“However, a fall below 68.5 sen would put pressure on the stock down to the subsequent support at 67.5 sen,” it said.

AllianceDBS Research said stock volume traded on Dec 14 was 1.67 million shares compared to the 3-month average volume of 3.14 million shares.

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

It said the relative strength index indicated that the stock was currently in the neutral zone.

EPS now 1.35. With current PE, it is damn cheap. Price should be at least 0.22 if PE 16. 80% upside potential. Buy now while it is still cheap.

http://www.thestar.com.my/Business/Business-News/2015/11/23/AmResearch-retains-Buy-on-Ikhmas-Jaya/?style=biz

http://www.theedgemarkets.com/my/article/strong-job-flow-seen-ikhmas-jaya

buy. TP 90 sen

http://www.theedgemarkets.com/my/article/jf-apex-securities-maintains-buy-ikhmas-jaya-ups-target-90-sen

KUALA LUMPUR (Nov 23): JF Apex Securities Research has maintained its “Buy” rating on Ikhmas Jaya Group Bhd (Valuation: N/A, Fundamental: N/A) with a higher target price of 90 sen (from 81 sen) based on 13x FY2016F PE.

In a note today, the research house said the target PE assigned is at the range of upcycle PE for small-and-mid cap contractors amid current booming infrastructure works.

JF Apex said Ikhmas Jaya reported net profit of RM7.2 million for its 3QFY15.

It said the quarterly earnings inched up 6.7% q-o-q and 7.1% y-o-y despite lower revenue that slid 1.4% q-o-q and 11.4% y-o-y.

“The Group achieved cumulative net profit of RM22.4 million for 9MFY15, soaring 44.7% yoy as compared to RM15.5 million a year earlier.

“The 9MFY15’s net profit was above our expectation by achieving 92% of our full-year net profit estimate of RM24 million given better margin for Skypark project,” it said.

“Looking forward, we believe the group is able to secure more jobs and further replenish its order book. We understand that the Group is in high chance of getting another few more contracts in piling and building works totalling RM740-840 million in coming months,” it said.

huge profit. wait for announcement. buy before it's too late.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4914409

The Board of Directors of NOVAMSC wishes to announce that the Company had, on 6 November 2015,entered into a conditional subscription agreement with CNAD for the proposed subscription of 12,500 new CNAD Shares representing 20.00% of the enlarged issued share capital in CNAD, a company incorporate in Singapore, for a cash consideration of SGD2,000,000 (equivalent to RM6,123,800 based on the eachange rate of SGD1.0000: MYR3.0619 as at 5 November 2015 quoted in the website of Bank Negara Malaysia).

http://www.theedgemarkets.com/my/article/bina-puri-lands-second-job-pengerang-worth-rm234m

wait for announcement

go go TP 0.84

0.67 done. currently 0.675

huat ahhhhhhhhhhhhh

nova will back to 23 sen.

TP 0.75

big boys start goreng afternoon. buy now.