Interest volume coming back. What the indication?

Me no insiders. What your expectation?

Balls shrunk??

Bones, what you think the Q4 of MTDACPi is going to be and its expected turnaround for FY 2013/14? Will the construction booming around make their turnaround story solid molid?

Sell lah. I sold mine already for 0.005.

MTD ACPI Engineering Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Feb 27 14

MTD ACPI Engineering Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenue of MYR 63,115,000 against MYR 52,381,000 a year ago. Profit before tax was MYR 142,000 against MYR 1,995,000 a year ago. Loss attributable to owners of the parent was MYR 672,000 or 0.29 sen per basic share compared to profit of MYR 1,062,000 or 0.46 sen per basic share a year ago. The increase in revenue was mainly attributable to increased billings from the existing jobs in the Construction division. The lower pre-tax profit generated in current quarter was mainly due to recognisation of additional costs of MYR 2.4 million for one of the completed project under Construction division. For the nine months, the company reported revenue of MYR 230,260,000 against MYR 168,013,000 a year ago. Profit before tax was MYR 6,247,000 against loss before tax of MYR 4,460,000 a year ago. Profit attributable to owners of the parent was MYR 4,016,000 or 1.74 sen per basic share compared to loss of MYR 5,787,000 or 2.51 sen per basic share a year ago. Net cash flows used in operating activities was MYR 6,024,000 against MYR 10,034,000 a year ago. Purchase of property, plant and equipment was MYR 3,721,000 against MYR 2,204,000 a year ago.

Q4 already closed and will be published next month?

Qtr. Date. Rev PBT Net Profit EPS. Dividend NTA
3 31/12/2013 63.12m 0.14m 1.99m -0.29 0.00 0.760
2 30/09/2013 99.66m 4.24m 3.21m 1.39 1.00 0.760
1 30/06/2013 67.49m 1.87m 1.47m 0.64 0.00 0.760
4 31/03/2013 90.23m 43.11m 42.49m 18.39 0.00 0.870
3 31/12/2012 52.38m 1.99m 1.06m 0.46 0.00 0.700
2 30/09/2012 69.55m 0.20m 0.04m 0.02 1.00 0.700
1 30/06/2012 46.08m -6.66m -6.89m -2.98 0.00 0.700
4 31/03/2012 91.34m -14.84m -18.77m. -8.13 0.00 0.730
3 31/12/2011 69.46m -0.68m -1.00m. -0.43 0.00 0.800

MTDACPI Financial Information
Market Capital (RM)
: 104.23m
EPS (cent)
: 21.23 *
P/E Ratio
: 2.12
Par Value (RM)
: 1.000
NTA (RM)
: 0.760
Dividend (cent)
: 1.00
Dividend Yield (%)
: 2.22
Dividend Policy (%)
: 0

Publish date: Fri, 4 Apr 15:36

KUALA LUMPUR: Alliance Research has maintained 'neutral' rating for the construction sector as domestic contracts flow started on a weak note in the first quarter of this year.

"Despite the expected pick up in momentum for the coming quarters, we maintain our view that domestic contracts will come in lower year-on-year for 2014, given the fiscal tightening measures and property "cooling" measures," said the research house.

Alliance Research said the fiscal tightening measures would reduce public sector contracts and the property cooling measures would slow down private sector contracts.

"As such, we trim our 2014 domestic contract awards target by RM1 billion from RM13 billion to RM12 billion. There is a risk of further downgrades should momentum not pick up in the coming quarters as we anticipated," the research firm said in a note today.

Alliance Research said the coming quarters would see a pick up in domestic contract awards, driven by jobs such as the Permodalan Nasional Bhd-owned highways, Dash and Suke (totalling RM8 billion), West Coast Expressway (RM5.9 billion), civil works for project 3B power plant (RM1.7 billion to RM2.2 billion) and Langat 2 Water Treatment Plant (RM1.2 billion).
"The foundation works award costing RM74 million for the proposed building at Warisan Merdeka to Pintaras Jaya last month is a positive sign that the project would take-off soon," the research house said.

Hence, Alliance Research maintained its "neutral" rating on the construction sector, given the expected lower domestic contract flows for 2014.

"Our top pick remains Gamuda Bhd as its earnings anchored by the existing Mass Rapid Transit line while it is also set to benefit from the roll out of the MRT line 2," the research house added.-- Bernama

To fellow investors, I just pray no one sampai hilang seluar .............. To sifus out there, pls keep posting your wisdoms regardless.

Betul tu Ayam Tua. Betul kata Fortunebullz, dia sudah kasi warning tapi orang tak mahu dengar........

How big is SCORE??? That is how huge potential of SCable.

Kenanga keeps highlighting SCORE that SCable will be highly benefited.

Ranhill Worley 0.225 betul murah tu Ayam Tua, MTDACPI pun murah lagi at 0.45. Kenanga said go for Construction players. Still not late to join in.

Continue

Positives have yet to be fully priced-in. As the KL Construction Index is still trading at discount to its mean, i.e. (12.2x Fwd. PER against 5-year mean PER 13.6x), we believe that the positives (strong orderbook replenishment prospects of the sector) have yet to be fully priced in. Hence, we advocate investors to selectively pick quality stocks that could ride on the expectations of news and contract flows this year. Our top pick remains IJM Corp (OP; TP: RM6.71) due to (i) it being a prime beneficiary of the soon-to-be awarded WCE project that will complement its other businesses, (ii) IJM Plant’s bright outlook driven by higher CPO price, and (iii) valuation still cheap vis-à-vis its historical average (fwd-PER of 12.1x against 5-year historical PER mean of 15.1x). We also continue to favour MUHIBBAH (OP; TP: RM3.00) and GADANG (NR) for the RAPID infra works. Meanwhile, CMSB (Not Rated), NAIM (OP; TP: RM4.15), and HSL (Not Rated) will still be favourite counters for the Sarawak growth story. Maintain OVERWEIGHT with our Outperform calls on BENALEC (TP: RM1.25), GAMUDA (TP: RM5.25), IJM (TP: RM6.71), MUHIBBAH (TP: RM3.00), NAIM (TP: RM4.15), TRC (TP: RM0.62), Market Perform calls on EVERSENDAI (TP: RM0.99), WCT (TP: RM2.50 and Underperform call on KIMLUN (TP: RM1.55).

Source: Kenanga

From Kenanga:

We reaffirm our OVERWEIGHT rating on the Construction sector as we believe that orderbook replenishment prospects for contractors going forward should remain bright propelled by several high-value projects. Firstly, the RM25b KVMRT2 project which was recently approved by the Cabinet. Even though the rail project will only be awarded sometime next year, we expect another string of news flows associated with KVMRT2 (i.e. alignment introduction, public gallery, tender process) in the next 6-9 months which should spur some trading interests on existing MRT contractors. Secondly, we understand that the award of the RM6.0b West Coast Expressway (WCE) is expected to materialize soon over the next 1-3 months. Thirdly, we expect infrastructure-related contracts from downstream oil and gas projects, i.e. RM60b RAPID to be awarded soon. This might benefit some contractors with ready presence in the project or contractors that have strong track records with the project owner, Petronas. Fourthly, we expect the proposed restructuring of water assets in Selangor to be completed soon and this will finally lead to the construction of Langat 2 water treatment plant and distribution system (LRAL2). Other than that, we also expect the Sarawak’s infra-related projects to be awarded soon driven by the state’s continued urbanization and industrialization process. Nonetheless, these positives have yet to be fully priced in as the KL Construction Index is still currently trading at 12.2x Fwd. PER, 11% discount to its mean. Hence, we advocate investors to selectively pick quality stocks that will ride on the expectations of news and contract flows. Our top pick remains IJM Corp (OP; TP: RM6.71) due to (i) it being a prime beneficiary of the soon-to-be awarded WCE project that will complement its other businesses, (ii) IJM Plant’s bright outlook driven by higher CPO price, and (iii) valuation still cheap vis-à-vis its historical average (Fwd. PER of 12.0x against 5-year historical PER mean of 15.1x). We also continue to favour MUHIBBAH (OP; TP: RM3.00) and GADANG (NR) for the RAPID infrastructure works. Meanwhile, CMSB (Not Rated), NAIM (OP; TP: RM4.15), and HSL (Not Rated) will still be favourite counters for Sarawak growth story.

Results review and outlook. Majority of contractors delivered disappointing results in FY13. Out of 9 stocks under our coverage, 4 underperformed, 3 outperform while 2 met expectations. Amongst the reasons for the general earnings disappointment are the lower-than-expected burn rate of orderbook, higher-than-expected operating expenses, i.e. electricity, raw material prices, unclaimed VOs, and provisions. We also downgraded KIMLUN to UP from MP due to dilution impact following its rights issue exercise recently. Most contractors have raised their concerns on the shortage of labours and subcontractors, which affected their margins and orderbook progress. Our checks with contractors revealed that they have been proactively addressing these issues. Going forward, regardless of the issues and concerns currently being addressed, we estimate aggregate contractors’ earnings in 2014 will rise by 15.6% driven by their healthy unbilled orderbook of more than RM25b.

Orderbook replenishment prospects still bright. Underpinned by strong orderbook replenishment prospects, remain bullish on the sector as we believe the industry fundamental is still bright given the following high-value projects in the pipeline such as the followings; (i) As expected (refer our 1Q14 Construction strategy report), the RM25b KVMRT2 project has been approved by the Cabinet. Although project works will only be awarded next year, we expect a fresh string of news flows associated with the KVMRT2 (i.e. alignment introduction, public feedback, tender process) in the next 6-9 months which should spur some trading interests on existing MRT contractors, (ii) The awarding of the RM6.0b West Coast Expressway (WCE) project is expected to materialize soon in the 2Q14. We reaffirm our view that the project will benefit IJM (main contractor), WCT, Muhibbah and Gadang, (iii) We gather that the infrastructure-related contracts from oil and gas projects, i.e. RM60b RAPID, are soon to be awarded and this might benefit contractors that already have presence in the project or have strong track record with the project owner, Petronas such as MUHIBBAH and GADANG, (iv) The construction of Langat 2 water treatment plant and distribution system (LRAL2) is expected to be take off in 2Q14 after the proposed restructuring of water assets in Selangor is completed in the next 1-2 months. This might benefit AZRB, MMC and SALCON as contractors for the plant and pipeline distributors such as ENGTEX, YLI, HIAPTECK, and JAKS, and (v) the Sarawak’s infra-related projects (access roads, water treatment plants, power plants) will continue due to the urbanization process in key state’s cities (i.e. Kuching) and industrialization in SCORE areas.

Yeehaaa!!!!!

Can agree more. Come to collect at dirt cheap while we can. Broking houses like start chanting on buying construction related counters. And if you want to build townships whatever, infrastructures will come first. For this, MTDACPI with its precast concrete know how and expertise, they surely benefit and cash in first from the construction frenzy! Buy fast for visionary investors!

If the "thieves" still holding significant shares, they could be the weakest link in pushing Benalec price to move up. Some invincible hands can threat them and squeeze them to sell low for these people to buy cheap. If only there are still possibility that these "thieves" have commit criminal wrongdoings in the eyes of regulators.

Ayo, tambah satu lori lagi lah.

All the best to Tg Piai! The highest bidder win at highest profit margin to Benalec. Then the cash can line up our pocket!

no chance.... Gua sudah grabbed some simpan, while still cheapo.

And Benalec with strategic partners playing in Johor, how could you call this as rubbish company?? You dare to call this linked JV as rubbish??

G8 now becomes G7 with expulsion of Russia. With all named sanctioned imposed on Russians, huge funds are leaving Russia and where do they go??? to under performance market like KLSE. It is just timing. Hold on and sit tight with your position. I believe it will be sudden surge when this funds move in.

Vroommmm! Vroommmm!

Sanction on superpower??? That is the reason they do named sanctioned so that only a few fall guys will be sanctioned to look as the world is doing its job. Superficial world thay we are in ........ That is the reason markets will contonue its running up next week.

LGE pun mahu tunjuk terrer.......

A lot of theory.... Sudah boleh buat encyclopedia.......

Suruh Abg Jib sahaja lah selam ....... Beli mahal mahal tapi tidak canggih .........

Ah Ben! Ah Ben! 1.20 on sight with flurry of positive coverage. Cash is king during this difficult time. With cash more opportunity. Mahu tunggu?? :) nanti keretapi jalan ............ Bullet train ................

The price look delicious........ Will consider jumping on boat next week.

We luv you Balingians! Do not make a wrong choice. We pray for Sarawakians to prosper.

Apa pun, let get Ruling party wins the Balingian first as not to upset the mega plan for Sarawak. A loud and clear sound will thrust SCORE and SCable too!

AMMB reported:

Last week, it was reported that Sarawak Energy has called for pre-qualification bids to build five dams in Sarawak. These are: (i) Baleh (1,200MW); (ii) Pelagus (410MW); (iii) Baram (1,200MW); (iv) Limbang 1 & 2 (200MW); and (v) Lawas (100MW).

Out of the five, Baram and Baleh are expected to be built first with a total cost of RM7bil-RM8bil. Nevertheless, we only expect any transmission package to link Baram and Baleh to come earliest in 2016.

Just to talk about potential bright future of SCable. Go SCORE! Go SCable!

Taciturn, I am talking on comment that Ah Ben going to go bankrupt. It is rubbish.

silly comment. Common perception on assets especially the land. it just keep appreciated. The longer interested parties delaying purchasing, the higher the buying price gonna be. More buyers coming, more demand, higher price. More prospect profit to Ah Ben. Ah Ben need more commitment to bring back trust. The criminal action? but this is up to the Regulator and why no action?? Wrong or right, another question to be determined by our law but justice must try to be served. Let the wrongdoers go through all the hassle for years. Ah Ben need to be kinder to us. Higher dividend??? I loike this.

hoi!!! Bangun lah. With all cutting edges compared to other companies pun cannot lari kah!!!

Oversold position. kasi satu lori lagi tambah. kikikiiiii.

Hoorey!!! A testimony of insider's trading??? Any stern action as deterrent by KLSE to set example??? Only then it will create fears to future wrongdoers???

Why people talked rubbish on Mas? You think if maintenance so char chinchai they can fly to europe and even US?

I am waiting between 1.70 and 2.03 :)

Heyyyy Fortunebull......z.

Itu Ah Ben steady lah during current crisis. tipu punya counter pun people do not bother lah.

Ah Ben resilience lah during this difficult time. must be they have good story but itu cilaka directors boleh bikin kacau lagi kah?

In times of imminent crisis in Ukraine, there is need to find safe haven. The event if escalates will impact oil price and oil related companies could benefit. More money means more profit hence can make more investments.

New York's main contract, West Texas Intermediate (WTI) for April delivery, gained US$1.14 to US$103.73 in afternoon trade, and Brent North Sea crude for April jumped US$1.62 to US$110.69.

Minyak naik Harga.

Petronas get more money!!! Can award more projects!!! Can make payments to its contractors like Barakah. Go Barakah Go!

Wise decision. Kikikikiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii

Look at Ukraine for any signal before terjun some more ......... Ultimatum has been given? US again goes too far. Macam ketam ajar anak jalan straight lah. After what they did in Iraq, Afghanistan and now they try to ajar Russia that acts with China backing it up? Pray for Ukraine to surrender and the deposed President reinstated until end year, do election, Crimeas elected to be in Russia, oil goes up and I buy Barakah .... Uhuk Uhuk Uhuk. Political science sikit here.........

Slight -ve result for Q4 2013 ...

Lower dividend declared of 1.5 sen against last year.

The Board of Directors of Sarawak Cable Berhad ("SCB") wishes to announce that the Board has on 28 February 2014 recommended a first and final single-tier dividend of 1.5 sen per ordinary share of RM0.50 each, in respect of the financial year ended 31 December 2013, subject to approval by the shareholders at the forthcoming annual general meeting of SCB to be held at a later date.

The dates of entitlement and payment for the above first and final single-tier dividend will be fixed and announced at a later date.

This announcement is dated 28 February 2014.

Hit limit lah tj, even that tongkat ali can watching watching only. Geram ...