Still good margin leading to HLG target of .84 sen. All aboard!

Marches up with good volume this morning. 3 million over. Afternoon continuation of strong performance?

Strongly done .675 this morning. New platform before crossing .70 and marches north?? Stock with momentum.....

Jaga jaga.............

Top up some more? Best scenario to hold until dividend come.

No money for upstream when oil 40. Better tikam downstream.

Mati.......

Yeay! More good news.

Like Tan KW nicely said, SALCON is stock with momentum!

While holding to reach 84, can enjoy dividen.

Go Salcon Go! Still healthy margin if it reaches targeted 84!

84! 84! 84! 84! 84! 84! 84!

Happy queuing!

Look at the buying queue..... It is wonderful for Salcon to built solid base at that price.

Stock with momentum!

SHARES of Salcon Bhd (Fundamental: 1.75/3, Valuation: 2.2/3) triggered our momentum algorithm for the first time this year. The counter rose as much as 4 sen or 6.4% to an intraday high of 66.5 sen before closing at 65.5 sen yesterday, with some 13.13 million shares changing hands. Its 200-day average volume was at 2.41 million shares.

The water and wastewater engineering company saw its net profit widen to RM6.45 million in the fourth quarter ended Dec 31, 2015 (4QFY15), from RM5.29 million in the previous year as revenue from constructions division fell. Revenue fell 40.43% to RM59.53 million from RM99.93 million.

For FY15, Salcon’s net profit grew 20.61% to RM5.56 million from RM4.61 million a year earlier, attributed by the unrealised gains on foreign exchange. Revenue, however, fell 35.53% to RM125.37 million from RM194.47 million.

The stock currently trades at a trailing 12-month P/E of 74.72 times and is at 0.77 times book value.

Something positive!

While postponement of selected projects is inevitable, our revisit of the distribution of projects under Budget 2016 shows that more than 90% of the jobs are high-priority. Industry players concurred that the risk of cancellation for these jobs is minimal. MRT 2, LRT 3 and Pan Borneo are among the safe ones, Sharizan said.
Sharizan said builders like IJM Corp, Sunway Bhd, Mudajaya Corp Bhd, Gamuda Bhd and Bina Puri Holdings Bhd, which have formed consortiums with Sarawak contractors, were deemed frontrunners for the Pan-Borneo Highway project.

That sounds better with such jump this morning.

Bones, your short term TP too low......

Water projects coming out ke?

Good volume for the spike this morning.

All aboard! Cho cho cho cho cho......

Tomorrow sure open straight 0.64 and climb... No one sell at 0.63.....

Keep moving, keep moving!

Dbhd itchy itchy up again........

Both the buy back activity from company and shareholder will continue to outline the confidence of the director and major shareholder in the underlying project and upcoming prospect of the company in the future.

Salcon will also be looking to see a finalization in the asset disposal in China at the end of April 2016. The completion of the disposal see Salcon significantly lighter by RM 138 million of debts, while cash will increase to near RM 300 million.

Salcon busy buying back shares........

Truly laggard if you think of below recent articles..... The LAD news definitely not deterring Bina Puri ambition.... If they really win some tenders especially on the local front, it implies people just could not be bother. The LAD could be significant but the issues could already discounted? .... Could be.....

Bina Puri Bids For RM1b Rapid Projects

Construction firm Bina Puri Holdings Bhd is tendering projects worth up to RM1 billion at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor.

Group COO We Her Ching said besides direct tender to Petronas, the company has received invitation from Samsung C&T Corp and China’s Sinopec Engineering Group Co Ltd to participate in the bidding for Rapid projects.

“We have secured two projects from Rapid so far. We will continue to bid for other infrastructure packages that are available,” he told reporters during a briefing in Kuala Lumpur yesterday.

The projects secured thus far by Bina Puri are the RM234.12 million construction of two main control buildings, and four labs and civil work in Petronas complex, as well as RM94.94 million civil works at Rapid steam cracker complex.

WCT Holdings Bhd which secured Rapid projects worth RM608.9 million, had also announced its intention to bid for more projects in the mega oil and gas development hub.

Meanwhile, Bina Puri group ED Matthew Tee Kai Woon said the company plans to bid for projects worth RM10 billion this year with mega projects announced under the 11th Malaysia Plan and Budget 2016 as the targets.

“Bina Puri aims to secure RM1 billion worth of construction project this year, both locally and abroad,” he said, adding that the company is confident of meeting the target.

“Presently we have ongoing projects worth RM3.4 billion and an outstanding orderbook of RM1.89 billion,” he said. About 87% of these ongoing projects in Malaysia while the rest are overseas.

Tee said among the firm’s main ongoing projects include the Fisheries Development Authority of Malaysia in Kuching worth RM247.8 million, a R M 291.1 m i l l ion Bu nu s Regional Sewage Plant in Kuala Lumpur, a RM128.5 million Movenpick Spa Resort in Kuala Terengganu and RM195 million Medini Twin Towers in Iskandar Johor.

He said Bina Puri also has ongoing projects worth RM3.54 billion are in gross development value (GDV) for its property division.

Among its projects are The Opus Residence with RM400.3 million GDV, Riveria Sentral (RM1.29 billion), Sentosa Puri Tower (RM195.5 million) and AEC Park i n T hai la nd (RM181.2 million).

Meanwhile, Tee said the company plans to list its utilities business in Indonesia. “We expect to submit our application in February and to list our business on the Indonesia Stock Exchange by June 30, 2016.”

0.91. Good progress.

Hopefully Dbhd will recover its highest of the year ie 1.08 pretty pretty soon.

Okay, okay! Looks convincing something brewing..... Will queue some more then.

Keep watching and keep watching.... Something brewing.....

When is Salcon time?? Salcon needs to fly....

Trading idea, trading stock......

I trust you Spag. People are mopping up Dbhd. 0.88 seems good but yet delicious. How long it takes you think to break 1.00?

Yeay! So salty...... I will keep lo until break 1.00. I heard so much gooood news.

And Spag, I loike round 2 then.........

Pengerang booming will greatly benefit Dbhd? You think so?

so it bucks the trend then.... Something developing and only people with knowledge keep buying and price climbing..... No more people willing to sell cheap cheap then......

With the numbers and volume of projects secured recently, the TP surely be > 0.80...... May be the call of TP 1.00 is more accurate. We will see........

I heard that so. Now 0.78. What now? 0.80 on sight for today closing??

And closed morning higher at 0.77.... Any good news on Dbhd releasing??

Wow! 0.76 done moment ago.

Highest .745 this morning... Itchy itchy going high...

This company itchy to move up faster...... Numbers of good news surrounding the Dbhd.

Good call. Salcon, the water counter is making its move!

Trading idea........ Trading buy!

Nonetheless, TA targets 0.47. Next week continue climbing?

Not yet resolved........

KUALA LUMPUR: Bina Puri Holdings Bhd, one of the main contractors of KLIA2, is still finalising discussions with Malaysia Airports Holdings Bhd (MAHB) on the liquidated and ascertained damages (LAD) imposed for the delay in completing the KLIA2 terminal in Sepang.

Joint venture (JV) partners Bina Puri Sdn Bhd and UEM Construction Sdn Bhd were awarded the work package worth RM997 million that makes up KLIA2’s main terminal building, satellite building, sky bridge and piers.

The LAD was imposed when it did not meet the June 15, 2013 deadline. It was reported previously that the LAD is at RM199,445.40 per day.

“Currently we’re in the midst of finalising it with MAHB. This project is undertaken by UEM and Bina Puri under a 60:40 JV. UEM is taking a lead in finalising this,” Bina Puri group COO of contracts and administration We Her Ching told an analyst and media briefing here yesterday.

He said it has been 1½ years since the airport opened and there have been no major hiccups.

“At the moment, it’s still premature to mention the amount,” We said when asked about the LAD.

Bina Puri group executive director Matthew Tee said KLIA2 is still a pending issue. “When the right time comes, you will see the proper announcements,” said Tee.

An analyst said until Bina Puri closes the chapter on the LAD issue, the matter will still be a concern to investors.

“Even though it’s on a JV level, if the LAD materialises, it can be significant (impact),” he told SunBiz.

The analyst cautioned that the group’s exposure to the LAD under the JV is larger than its market capitalisation of RM95.39 million and this can impact Bina Puri’s earnings significantly.

60m and not 146m....... Expected to be finalized by Dec 2015........ Sudah resolved ke?