@rainT it still a fundamental strong company. For 1HFY20 quarter is good.. cumulative net profit rose 5.2% Y.o.Y to RM92.4 mln. Revenue for the period grew 9.8% Y.o.Y to RM731.1 mln. (The Edge Daily).

Ekovest Bhd's 2QFY20 net profit fell almost 33.9% Y.o.Y to RM29.0 mln, due to completion of higher margin construction works. Revenue for the quarter, however, rose 6.4% Y.o.Y to RM384.3 mln.
For 1HFY20, cumulative net profit rose 5.2% Y.o.Y to RM92.4 mln. Revenue for the period grew 9.8% Y.o.Y to RM731.1 mln. (The Edge Daily)

Magni-Tech Industries (7087)* Technical Buy
Targets: RM2.71, 2.87

Magni-Tech (Magni) posted a 17.8% YoY revenue growth to RM301.3m for 2QFY20, while its net profit jumped by 28.7% YoY to RM29.9m, mainly attributable to promising sales contributions from the garment segment and lower operating costs incurred. After stripping-out foreign exchange gains of RM2.7m, Magni’s cumulative 1HFY20 core net profit is at RM57.6m, broadly in-line with our expectations at 46.4% of our full year estimates.

We leave our earnings unchanged as 3Q is a seasonally stronger one. Moving forward, we believe the higher capacity from its 2-phase expansion plan will enable Magni to fulfill more orders from its single major customer.

We reiterate our Outperform call on Magni with an unchanged SOP-based TP of RM2.91. Separately, Magni declared a higher DPS of 2.5 sen (2QFY19: 1.875 sen).

2QFY20 Revenue (+17.8% YoY). Garment segment revenue, Magni’s largest contributor, jumped by 21.9% YoY to RM277.2m due to higher sales orders received, a direct consequence of trade diversions from US customers. On the flip side, packaging segment revenue fell by 14.7% to RM24.1m as sales orders fell.

2QFY20 Profit Before Tax (+25.3% YoY). Garment-based PBT grew by 27.9% YoY, mainly boosted by better operational efficiencies at its manufacturing plants in Vietnam, higher foreign exchange gains (2QFY20: RM2.6m vs 2QFY19: RM2m) and higher investment-related income. Packaging division’s PBT was lower in tandem with the lower sales orders received meanwhile.

Going forward. Magni will be one of the major beneficiaries from the US China trade dispute as its major US customer diverts its orders away from China to Vietnam and other garment manufacturers in the ASEAN region. Furthermore, 2020 will be a major sporting year with the UEFA European Championships and Tokyo Olympics expected to fuel the growing demand for sportswear. We are optimistic that Magni will be able to ride this oncoming wave.

Source: PublicInvest Research

Stray dog roger3210 keep posting bad about ekovest.

Summary
Total comments 2713
Past 30 days 927
Past 7 days 223
Today 58

Notion positive growth. very safe counter.

Roger3210, your daily job is to hentam ekovest ? browse thru your comment, u started hentam ekovest for months already. https://klse.i3investor.com/servlets/cube/post/roger3210.jsp

KUALA LUMPUR (Jan 30): RHB Retail Research said Globetronics Technology Bhd may rebound further.........“Towards the upside, the immediate resistance is at the RM2.64 mark. This is followed by the RM2.75 level,” it said.

Technically this stock should move up any time.

TP0.3

When Q4 result out. TP 1.5 or more shouldn’t be any problems.

Technicals:
Technical Buy
1) *BSTEAD (2771)*
Resistance/阻力: RM1.04, RM1.10
Support/支撑: RM0.945, RM0.915
Last closing price/市价: RM0.975

@hohoho123 tp0.6 hopefully by CNY got big angpow then ..

Eplas0013 : TP 0.50 ?

BUY WCEHB 0.34 TGT 0.365 SL 0.325

Saham boleh sasaran RM0.90

Towards the upside, the immediate resistance is at the RM1.00 level. This is followed by the RM1.10 threshold

Any good news coming ? Up a lot last week till now

TP.0.3. More good news coming

xox biz in indonesia coming. got momentum to fly?

Goreng till 60cents

the valuation ascribed to Kerjaya is at the higher end of our small to mid caps’ PER range of six times to 11 times due to their excellent track record in project delivery without a single delay, better margins compared to the other players and total non-reliance on government jobs. — Kenanga Research, Jan 18

http://www.theedgemarkets.com/article/more-job-wins-expected-kerjaya

good news keep coming for this company..fundamental is strong. can continue grow.

Kerjaya is one of the top 10 stock pick by the edge

Like most construction-related counters, shares in Kerjaya Prospek Group Bhd have floundered following the May 9 general election amid rising uncertainty over projects on the local construction scene.

The group, however, has not been deterred from aiming high. It targets to build up a RM1.2 billion order book for the financial year ending Dec 31, 2019 (FY19), which is 20% more than its RM1 billion target for FY18. As at Nov 28, 2018, its tender book had stood at RM1.5 billion.

Kerjaya has already gotten a good head start for its goal, most recently bagging a RM211.6 million contract from tycoon Tan Sri Robert Kuok Hock Nien-controlled PPB Group Bhd to construct a mixed development project in Petaling Jaya.

“We believe that Kerjaya is the least affected contractor in town due to its zero exposure to government-related jobs as all of their construction jobs are from the private sector,” said Kenanga Research in a Dec 6 note.

“In the near term, we are still anticipating another replenishment worth about RM400 million from [executive chairman and major shareholder] Datuk Tee Eng Ho’s private property arm as they are looking to launch a mixed development on Old Klang Road (Kuala Lumpur) with a gross development value of RM1 billion,” it said.

Further down the road, the group stands a good chance of winning more contracts in Penang, as more bridges may be required to connect the island to Eastern & Oriental Bhd’s Seri Tanjung Pinang 2 project

Still a undervalued counter. Should above 1.5

keep collect first

TP 0.4 by end sept

TP 0.35 by month end

more good news coming for myeg. short term TP 1.35. 1mth TP 1.45

Likely drop to 0.34 Tmr

Highly 0.34 today

Yes will Naik at least 0.10 by may17

Time to buy

year end can reach 1.8

TP 1.35 http://klse.i3investor.com/blogs/PublicInvest/101703.jsp

go up 0.7 next week

up very soon

Does the announcement consider positive?