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2015-09-03 15:12 | Report Abuse
Still can buy. TP 0.80
2015-09-03 10:59 | Report Abuse
- We maintain BUY on Ikhmas Jaya Group Bhd (IJGB) with an unchanged falir value of RM0.70/share – pegged at 12x FY15F PE.
- We attended IJGB’s briefing yesterday and remain upbeat on its prospects. IJGB currently has a tender book of RM3.5bil. Based on a conservative win rate of ~10%, we think that IJGB should be able to replenish its order book (our assumption: RM300mil for this year).
- YTD, the group has secured ~RM50mil worth of new jobs. Just last week, it secured a RM16.5mil contract for the EkoTitiwangsa project from Ekovest. The job is expected to be completed in March 2016.
- As at end-June, Ikhmas Jaya has an outstanding order book of RM312mil. Note that a bulk of this would be completed by year-end, which will support earnings in the 2H. Thus, job replenishment is key to sustain earnings thereafter.
- Management guided that it has invested RM10.5mil out of the IPO proceeds allocated to expand its piling fleet (of RM32mil) thus far. With the total investment, it should be able to buy 3-4 bore piling machines, which could increase its utilisation rate to ~20%. Currently, it has 22 bore piling machines.
- Recall that it is also allocating RM5mil from the IPO to expand its prefabricated building system (PBS) line. This is in expectations of securing more PBS jobs in the market.
- All in, we remain upbeat on IJGB’s prospects given the positive macro outlook on the construction sector (supported by new infrastructure projects under 11MP), which will support demand for piling specialists in the market. Nevertheless, we also like the fact that IJGB’s expertise is also diversified to include superstructure, bridge construction and PBS works.
- We maintain our 40% earnings growth forecast for this year (supported by its outstanding order book) and our BUY call. Any job announcement should help lift its share price – currently trading at 10x PE.
Source: AmeSecurities Research
2015-09-02 16:35 | Report Abuse
buy buy buyyyyyyyyyyyyyyyyyyyyyyyy
2015-08-05 16:45 | Report Abuse
Doji. Tomorrow might rebound. Buy now
2015-08-05 16:35 | Report Abuse
Now flushing contra kaki. Just hold if u use cash
2015-08-05 16:34 | Report Abuse
Those who panic sell will now cry. Remember the last time it went down until 0.735 and later shoot up to 0.78 again
2015-08-04 09:00 | Report Abuse
dont listen to turbo. He's all bullshit. From day 1 waiting to buy back very low yoh yoh. Then, when price shoot up, he will say he bought and sold all at the peak. yoh yoh only.
2015-07-31 15:08 | Report Abuse
waiting to buy back 73-74?? 64 sen?? goodluck. Ikhmas is set to fly noww
2015-07-31 09:36 | Report Abuse
rest first. later shoot up again
2015-07-30 16:20 | Report Abuse
0.765 gonee. buy nowwww
2015-07-30 16:10 | Report Abuse
0.76 gone. rebound soon. collect now
2015-07-30 15:50 | Report Abuse
better collect now before too late
2015-07-30 15:42 | Report Abuse
mega sale. buyyyyyyyyyyyyyyy
2015-07-29 17:04 | Report Abuse
you sold all at 755 and now sold all at 80? kah kah kah. Just talk no action. I think u dont even own any share at all.
turbochart Sold all 755
29/07/2015 10:29
traderman good 1 turbochart ... good trading skill
29/07/2015 10:30
turbochart Waiting buy back at 68sen...yoh yoh!!!
2015-07-29 11:31 | Report Abuse
sunCON kaunter, better buy ikhmas
2015-07-29 11:14 | Report Abuse
Rm1.00 will be an easy touch within couple months
2015-07-29 09:42 | Report Abuse
rebound begin. will move toward 0.95 and further 1.00
2015-07-28 16:19 | Report Abuse
push down not yet finished. be careful guys
2015-07-10 14:57 | Report Abuse
get in the boat fasterrr. do not miss the boatttt.
2015-07-02 14:47 | Report Abuse
of course it ain't easy to lead, tht's why stupid ones are bad at it.
2015-07-01 15:52 | Report Abuse
MY REMISIER TOLD ME SYNDICATE ORDER TO BUY 30 MILLION SHARES IS "ON"!!DO NOT SELL NOVAMSC NOW!! MAYBE CAN SELL AT 0.25 NEXT WEEK, IF NOT SELL AT 0.20!!!!!0.30 COMING SOON!!!!
2015-07-01 15:49 | Report Abuse
MY REMISIER TOLD ME SYNDICATE ORDER TO BUY 30 MILLION SHARES IS "ON"!!DO NOT SELL NOVAMSC NOW!! MAYBE CAN SELL AT 0.25 NEXT WEEK, IF NOT SELL AT 0.20!!!!!0.30 COMING SOON!!!!
2015-05-29 08:53 | Report Abuse
MrNobody, at 10c, it is trading at PE of 19. I dont know how do you get that PE of 50. Even now at 0.18, it is trading at PE of 34. recent QR might be abit loss, but in overall, FY result is much better than previous FY.
2015-05-27 11:04 | Report Abuse
hopeless counter. hold for 6 months already. no move no show. just ding dong ding dong. better buy nova
2015-05-27 10:43 | Report Abuse
where is that Peacemaker who said wait from last year until March? now almost June price still below 0.10. wakakakaka. run away ah?
2015-05-27 09:38 | Report Abuse
stupid one keep waiting and talk bad so that they can buy lower and lower but in the end they never get to buy n profit anything coz they just keep waiting and talk bad.
2015-05-26 10:12 | Report Abuse
manyak duit maaa kasi masuk. sapa sudah angkat smlm 0.185? wakakaka. TP 0.30
2015-05-25 11:00 | Report Abuse
kasi mau angkat banyak2 ini price 0.185. mega sale maa
Stock: [TOPBLDS]: TOP BUILDERS CAPITAL BERHAD
2015-09-07 09:54 | Report Abuse
0.645 already. today close 0.67