Bad to worst already

Earning risk are already emerging

Nice to see some analysis on poultry stocks hope more sifu s will join in

Relax guys it s just downtrend time for oil n gas counters, so please be cool do not get panic

When is this syariah review? Anybody please

Dear TCB,, any ta on teo seng, or any other poultry chicken counter, big write up in saturday star, future earnings are going to pick up.. some already trading high example LTKM... sure there are some good mid caps counters on chicken eggs counters... i know you does not recommend but base on past performances and TA sure you have some picks... can you also please give a TA on MYEG,,, CIHLDG, MITRA, IFCA, and HEVEA? any counter already oversold a little, is it hevea?

Something is brewing with this counter so long idle ma

Relax guys just consolidation on oil n gas counters, because of global oil prices,, their future order book n earnings will deplete.. but skpetro can withstand the impact..but who knows how low can it go...rhb gave tp 2.20,, but can it go below 2, i think can if in the coming quarters the earnings are negative, so i think others oil n gas counters will also consolidate...

Analysis on chicken eggs stocks, big write up on star today..thanks

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Some are doing this on i3 site example bonescythe,, told many times admin at i3 to remove bones articles but they did not do that,, looks like admin is also supporting this scam

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When global oil prices comes back to 100 or it start s stablizing arround more then 50, then sure will be ok.. won t happen so fast will take time.. this is a good chance for aviation sector to restructure their business plan.

Panic selling going on... because of oil prices, sure the business are affected in a near term. Slow down of projects so earnings are also affected, but it is not the end of sapura kenchana, temporary down trend only.. read today saturday star, a big write up on this...

Good run today

facai give us the link to show the powerplant is operating already plse??

looks like soon will close down,, koon must be happy ha,, he already run off n sold everything of mudajaya

anybody target price please?

TARGET PRICE ANYBODY PLEASE ???

reduced ma gone case

Downgrade from Hold to Reduce
More challenges than expected. We have been cautious about Mudajaya's
weakening earnings prospects since FY13 but were hopeful that a recovery phase
would be underway in view of the group's niche position in higher-margin
highway and power plant construction. We are disappointed about the
persistent delays in tenders for those segments since 2013, as it suggest that the
recovery in construction margins is likely to be even more long-winded, capped
by a lower success rate of less than the estimated historical range of 20-30%.
Nevertheless, we are rather comforted that the group remains bullish about
growing its regional IPP ventures for recurring income, but the size and scale of
new prospects appear insufficient to offset the falling construction profit, which
makes up over 80% of the group’s net profit. Also, investors' perceived
execution issues with the 26%-owned Indian IPP could make other new IPP
ventures less interesting at this juncture.
RNAV slashed by 29%. We believe there is still a fair chance that Mudajaya
can secure new jobs in 2015. However, they are likely subcontract works which
are not sizeable in value, and probably include a revival in a potential land-swap
deal which was mentioned last year. MRT 2 prospects going into end-2015
should support our RM1bn new job assumption for 2016. The lower
construction margin of 5% assumed (9% before) on the back of RM700m
construction revenue for FY16 and the update of balance sheet items anchors
the 29% cut in our RNAV/share from RM2.98 to RM2.10/share. Our target
price falls from RM1.70/share to RM1.26/share, still based on a 40% RNAV
discount. We expect the share price to reflect the negatives from FY14 results, a
more subdued guidance on construction outlook, and slower-than-expected
earnings recovery prospects with increased delay risks for its Indian IPP.

Raising the red flag for FY14
Mudajaya posted a core net loss in FY14 vs. our and consensus' projected net
profit forecasts. A major provision (c.RM200m) relating to cost overruns for a
domestic power plant job took us by surprise in 4Q. FY14’s operating stats of
depleting domestic orders, shrinking tender book, declining construction
margins, and further delays in the India IPP venture suggest a more
challenging earnings outlook from FY15, and are now potential de-rating
catalysts. While other new regional IPP ventures may be positives, they are
not sizeable enough to make an impact. We cut our FY15-16 EPS forecasts and
target price, still based on a 40% RNAV discount. Downgrade to Reduce from
Hold. Switch to Muhibbah Engineering, our preferred small/mid-cap pick.
FY14 below expectations
Mudajaya reported an FY14 net loss of RM71m vs. our and consensus' net profit
forecasts. We had not expected the group to book the sizeable c.RM200m in
provisions for cost overruns relating to the RM720m Janamanjung power plant
extension project, which was completed with outstanding variation order (VO)
claims. The stable performance of other divisions which only made up 28% of
the group’s pretax profit was insufficient to offset construction's weak numbers.
The 32% yoy decline in revenue was in line with its falling order book, while the
6 sen full-year DPS was below our forecast of 9 sen.
Earnings risks re-emerging
We are turning more cautious on the earnings outlook in view of 1) depleting
domestic orders, 2) shrinking tender book, 3) declining construction margins,
and 4) the delayed India IPP cash flows. We cut our new job assumptions by
40-50% to RM500m to RM1bn p.a. to reflect the group's more selective stance
in bidding, and impute thinner construction pretax margin assumptions of
4-5%, from 8-9% previously, due to delays in higher-margin new power plants
and selective highway projects.
India IPP faces further delays and logistics risks
New updates on the Indian IPP venture suggest that the commercial operation
date (COD) for Unit 1 (360 MW) has now been delayed by about three months
to mid-2015. Land acquisition issues for the spur rail line to transport coal
supply was another negative surprise and may cause further delays. We now
forecast a base-case group net profit of RM49m for FY15.

cimb report today very very bad target price 1.26,,,delays again,, and earnings risk are emerging...very bad ma

just wait for earning report first for newbies...newbies be carefull many sharks contra players here%3F thanks

another one also that is bonesythe also supported strongly by i3 admin... many try to remove them from 13 site but was unsuccessfull,,, but on other hand i3 admin listens to koon

the overbought situation will be diluted in a maximum way...this is good so sharks will stay away from this counter.. this is good.. any buy that is between 1.10 to 1.15 is a good buy..

oil uptrend is already done at the moment,,,it will take years when it touch 100 us dollar per barrel

good one, thanks very helpfull for me and also newbies

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Posted by GreenTrades > Feb 21, 2015 11:21 PM | Report Abuse

Greetings. Gong Xi Fa Cai dear traders and investors.

GreenTrade$ has just released a new review.
https://www.facebook.com/pages/GreenTrade/1544823052460460?ref=aymt_homepage_panel

What's different about us? find out for your self as we have something interesting planned.
( coming soon)

Your support is highly appreciated.

Warm Regards,
GreenTrade$



yes we will go to the link but can you explain about it in your own words?? thanks green trade

Show us a proof that you are the true koon not an imposter

Koonkoon why you run away from i3 site???

Koonkoon are you the true koon or just playing arround????

The investor relation officer won t tell you much. If he tells you the truth he will be in trouble

Oh ok thanks for the reply

Apini it s ok if you have your own oppinion, but who is this UFO, wwwcomment?

Look at vietnam a communist also, and their economy is expanding also.. do not think in your mind a poison will remain as poison foreever, one day it can turn into an antitode..

Apini then are u waiting for pkr or pakatan or dap or pas or barisan to show you the true path to unity, hey this won t happen

Religions must be removed completely from the system first, example in this muti racial country, because religion is a main hindrance to true unity... i had went thru many religions books, actually there is no true unity in it. It s just a falsified unity created by the mind

The best in communist rule is they reject religions, no religions, and free will for humans are controlled, in democracy rule you get maximum free will and this is the cause of crimes rising. Modern communist rule should be ok

This company now cannot brainwash the local funds to buy their shares, so now they are going overseas to brainwash the poor Fairfax

Eventhough if they fire all of their powerplants in india also no point the stock won t recover fast, they lost many vital projects to boost up their order book...so unlucky unblessed company

Property slow down 2015

Wow mr teh this is a good article thanks

HOLD

HOLD

This is not an empty speculative counter, the name of the counter is on fund managers lips already..guys be smart, holding power is needed here. Remove the fears from the mind

Wow only HLG are actively having coverage on mitra, how about any other research houses,, any known political figure with this company???

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