seems like directors had bought more shares at RM 3.38 last week

Good and happy to have collected more Tongherr shares during the recent dip. Hope will continue to ascend soon.

Yes u may attendt the AGM, even u are holding 100 shares only. If your Magni shares are with a non margin account, u may just walk in to the AGM on the day with your IC. If your shares are Margin account, pls ask your investment bank to provide u a letter saying u r holding Magni shares in the bank.

Pls buy as much as possible

UP UP UP!

Directors bought up alot of MFCB shares < 3.40 recently, they must had been laughing at those people that sold down the shares so badly

Buy as much as possible, the ex date will be in December 2017 after being approved by share holders on Nov 22nd 2017

Hope to see you soon at the AGM

The sky is the limit for Padini

strong Kerjaya

AGM Nov 22nd

Are u attending AGM this November ,heaven bro?

Maybank IB Retail Research



Econpile proposed to undertake a 1-into-2 share split. Pursuant to this, it also proposed to undertake a 1-for-4 bonus share issue and a 1-for-4 bonus warrant issue. These exercises, which will be implemented concurrently, are expected to be completed by 2H of 2017.



Based on yesterday’s closing price of MYR3.00, the ex-all price is MYR1.20. Meanwhile, the 5-year warrants, which has an indicative exercise price of MYR1.19 (subject to further price-fixing), is worth MYR0.28, based on the ex-all price of MYR1.20/sh.



The whole exercise aims at improving the trading liquidity of Econpile shares and to reward its shareholders. For the group, assuming full exercise of the warrants at the indicative exercise price of MYR1.19, it could potentially raise up to MYR318.3m for working capital. Having said so, its share base would expand by up to 3x upon completion of these exercises.



Econpile is set to ride on the robust construction outlook. Its order book stood at MYR1.2b which is equivalent to 2.1x FY6/17 revenue, underpinned by some of its on-going projects like 1) MYR48.5m piling works at Jalan Conlay Kuala Lumpur; 2) MYR92.5m sub-contract work for the KVMRT2 project; and 3) MYR570.4m foundation and basement structure works for Pavilion Damansara Heights, among others.



The group is also tendering for about MYR2b worth of jobs, consisting mainly large-scale mixed developments and infrastructure projects in railway and roadway such as LRT3 and KVMRT2. Although the group is currently running at tight capacity, some of the projects are nearing completion, and this will free up some capacity to undertake more projects.



The street is forecasting a 16.5% 2-year EPS CAGR for FY6/17-19. Brokers are positively biased on the stock with two Buys and two Holds, with a mean target price of MYR2.95. Although the TP is below the last traded price, the free warrant which is worth MYR0.28 apiece could help to re-rate share price.



Nevertheless, valuation is on the high side, with the stock trading at 16.2x consensus FY6/18 EPS of 18.5sen, higher than its 3-year historical average PER of 13.5x.

up up up! total profit 275% over 3 years.

The above are the projects that was awarded to Econpile. Do u see the corrrelation btw AZRB and Econpile?

Among the major awards are :
- Jalan Conlay sub structure work RM 48.5mil ( awarded on May 19th 2017 duration 15 months)
- MRT 2 diaphragm wall for the KVMRT project ( Awarded March 29th 2017 , RM 93mil, 450 Days)
- Damansara Pavillion project ( Awarded Feb 22nd 2017, RM 570mil, 28 months )
- SUKE Project ( Awarded Dec 28th 2016, RM 158.3mil, 17months)
- MRT 2 Viaduct Project ( Awarded Oct 21st 2016, RM 43.5mil, 24 months)
- Maju Project ( Awarded Oct 4th 2016, RM 280mil, 15months )
- 99, Jalan Ampang ( Awarded June 6th 2016, RM 208mil, 26 months)
- Prestij Permai Sg Buloh Project ( Awarded Apr 8th 2016, RM 53.5mil, 20 months)
- EcoMeridian Project, Penang ( Awarded March 31st 2016, RM 51.63mil, 14.5 months)
-EKVE from Ahmad Zaki ( Awarded March 3rd 2016, RM 76.9mil, 24 months)
- Mixed commercial lot from Ahmad Zaki ( Awarded Dec 31st 2015, RM 20.3mil, 8 months ---> COMPLETED JULY 2016)
- Nusmetro Persiaran Dutamas ( Awarded 24th Nov 2015, RM 95.5mil, 19 months ---> DUE TO BE COMPLETED JUNE 2017)
-WZR Properties ( Awarded on 1st Nov 2015, RM 120.5mil, 18 months, ---> TO BE COMPLETED MAY 2017)
- AZRB Jalan Sultan Ismail ( Awarded 6th June 2015, RM 49.9 mil.....COMPLETED SEPT 2016)
-Jalan Conlay ( Awarded Jan 2015, RM 128.9 Mil....COMPLETED DEC 2016)

Eventually the works will be sub con to Econpile too becoz AZRB does not have the speciality to do undertake the project and AZRB and Econpile are good friends

Bought more shares today at RM 3.35 - 36 today

nice number 1.18

can still buy Econpile as it has growth potentials

Assume prior to ex price is rm3.00, the theoretical price after ex rm 1.20.

The conversion price for warrants rm1.19

The warrants is worth 29sen per share.

Buy as much asas possible.

so 8th of Sept it will officially go to mainboard right? then better buy more tomorrow

The sky is the limit!

Share split 1:2 then bonus 1:4 ( after share split) ....then free warrants 1:4 (after the share split)

wow share split, bonus and free warrants! huat ahhh!!!!!!

PNB are slowly disposing Magni shares and flooding them into the market

Today up up 3.00

up up up 1.18

Someone crazy sold down the price at last minit

Cannot blame him due to his old age

terrible company, bad performances despite having won so many high profile projects? gross profit margin only 16.6% this Q vs 27% last year. Poor management team should be blamed

will tomorrow limit down?

Perhaps @explode and others holding will be praying hard these next 5 days so that the share prices don't fall badly on next week.

Yes I may be sstupid. But you can't fool the general market.

As memtioned let the market decide on the pricing.

Let's see who laughed the last on Monday.
I can sense someone jealous here.

Gross profit andup margins increased. But overall net profit reduced due to higher expenses and admin costs.

Luckily sold all today. Will buy back if< 90sen Monday.

wow Magni announced special and interim div of 7sen!

Managed to sell all 1.14/15 today. If results are good, will take new positions, if bad, sayonara

wow 3.35 closing today....someone throwing

Anotehr 13mins, then we shalll see the fate of Ekovest.

Padini really scary, I wonder who sold down the price yesterday to RM 3.79 and then shoot up to RM 4.10 today

Hope can touch RM 3.00 today

yes, I couldnt agree more with richardlee. Some people are falling in love with a company till we as share holders / outsiders of this forum unable / prevented to give any NEGATIVE comments.

We are just merely discussing and giving our points to support our data.
Whether other forumers / share holders to buy or sell, depends on their own thinking cap and brains.

What the outcome it may be, will depend on the company at 5pm today.

Lets see how the market reacts on Sept 4th 2017

Prasarana said by end of Aug will announce the results of contracts to be awarded. So far only one ( WCT Bhd) being announced. Where are the rest?

No doubt, Ekovest is a good company, just that it is haunted by IWCITY's ghost, which is not related directly to Ekovest business.

means no people willing to sell the shares like mad dogs.

the calculated intrinsic value RM 5.20

Current 6 months EPS is 4.6sen. Assume the next 6 months will deliver same amount of EPS, total EPS for 12 months will be 9.2sen. So at price of RM 1.06, the PE Ratio will be 11.52x. To me this value is acceptable