Open limit up, dare to buy not

Because in Malaysia, many construction inflated in cost mah

Aiya. End of day just money
If want govt pay, reduce 20% to 50%.lge will say ok

Huh. Official announcement pun sudah out. Some lol still in denial. Joker

So how,, tomolo 9am how

Ear big or ear long.... Lol

Tempted to sell my myeg and move here...

So how they get the mOney ah

I did not add any krono now

Kimlun memang black horse

After 2 years, finally!

Iwcity only got johor land. Apa lagi. Ekovest got expertise in hgihway, construction, high rise etc.

Hehe. BN suckers so jealous now. Stupid ppl always stupid
... What to do, kampung champion cant think

Must saman ppl kao kao. Malaysia driver all sorhai, macam ppl owe them a life. Must like Singapore, saman lu kao kao.

Soon jlo will be back to Malaysia, just watch

Tender alredi over lah. Tender again for what. Nothing better to do, waste time waste resources. Keep open ans reopen, ans reopen

Kyy cannot fight at all

Limit up 0.30, 0.97, wb how ah

Walao, kuchai lama house. Go buy kuchai lama house fast fast

All political risk removed! Rm1 soon

500mil,got money boh

This time those take risk on iwcity huat macam pig liao

win liao!

115

BursaBuzz
19 Apr 19, 14:18
Hartalega $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD)
Research by Hong Leong Investment Bank
BUY (from Hold); Target Price: RM5.33; Upside: +12.7%

Enough buffer for an upgrade
We met with management for update on Hartalega. We expect a soft 4Q19 due to (i) forex impact (ii) minimum wage hike and (iii) competitive pressures on ASP translating into anaemic volumes. Consequently, we are revising our FY19- 21 earnings downward by 4.4%. Post earnings revision, our TP decreases to RM5.33 (from RM6.12), we also revise our PE to 33.7x (+0.5SD above 3 year mean). We are upgrading to a BUY on valuations (trading below its 3 year mean) as we believe the share price weakness has now offered sufficient buffer.

Sheikh Abdullah
sheikh@hlib.hongleong.com.my
(603) 2083 1711
hartalega_20190418_hlib.pdf

Botak memang

Parkson i dont like William cheng. You can said whatever. Even he privatise at rm2 i also wont care. A biz not growing, forgetit

So fast.. Later 1.56

Walao

Wahaha

Im not operator. Im much better than tht. Haha

Hehe. Huat together OK!

Lol....1.56 sold to other big investors lah. Or....To operator for goreng show later.u know,I know lah

Wo

排山倒海很快。。。。有些耐心

0.30 last few days. Someone buying aggressive

Its all because Malaysia factory almost fully run, thts mean biz good. So they expand at. Mexico so free up some capacity here for further growth. They could have a 5yr or 3yr plan. Thts would be better

If they can control cost efficiently, and get to channel costs to end user then perfect. Because its doubling capacity

hope this stockj RM5 this yr end, hehe

temporary, i guess can have little more BIMB and its warrant?

need to see the dynamic of skim milk powder over their margin first only can decide. Might add only after May19 results. no rush

https://globaldairytrade.info/en/product-results/skim-milk-powder/

see you at RM7, huge impairment coming

Gadang (GADG MK MYR0.69, Not rated): Bagged MYR38m TRX job

• Awarded a MYR38.5m contract by TRX City S/B.
• Earnings will be underpinned by ~MYR1.5b order book.
• Trading at 7.3x consensus FY5/20 EPS.

What’s New? Gadang’s wholly owned subsidiary, Gadang Engineering S/B, was awarded a MYR38.5m contract by TRX City S/B to build a tiered bridge connecting the northern and southern sites of Tun Razak Exchange Development (TRX). The project, which will commence on 1 Jul, is expected to be completed by 3Q20.

This is the first job win of the year, lifting its order book to approximately MYR1.47b, equivalent to 2.5x its FY5/18 revenue. Assuming a construction PBT margin of 11% (1HFY5/19: 11.9%), this project is expected to contribute ~MYR3.2m to its bottom line over the duration of the project.

Construction will remain key. The strong jobs pipeline implies that construction will remain as Gadang’s key earnings driver for the next few years. This division contributed ~46% to its 1HFY5/16 PBT. The group is targeting to secure up to MYR500m worth of jobs this year and it is tendering for some of the major projects such as the Pan Borneo Highway Sabah and hospital projects.

Property and utility. Apart from construction, Gadang’s earnings could also be propelled by 1) property division which have an unbilled sales of MYR100.8m – banking on Capital City integrated complex development in Johor, in which Gadang is entitled to 16.7% of the gross development value (GDV) amounting to MYR1.8b; and 2) utility division which currently operates four water treatment plants in Indonesia, which is expected to generate stable recurring income to the group.

Valuation. Against the healthy outlook, the street is forecasting a 152% 2-year EPS CAGR for FY5/19-21. Brokers are positively biased on the stock with two Buys and one Hold. The mean target price is MYR0.71. At current price, the stock is trading at 7.3x consensus FY5/20 EPS of 9.5sen.

Kelington (KGRB MK, MYR1.33, Not rated): Latest orders show prospects intact; warrants are currently in-the-money

• Secured several orders totalling MYR53m.
• Riding on “Made in China 2025” campaign.
• Trading at 14.3x consensus FY19 EPS.

What’s New? Kelington has secured several orders totalling MYR53m, bringing YTD job win to MYR146m. The new contracts secured were largely for specialized engineering works under the Ultra High Purity (UHP) segments for wafer fabs in China. The majority of the contracts were awarded by global renowned semiconductor players there.

With these awards, Kelington’s outstanding order book is now at MYR406m, equivalent to ~116% of FY18 revenue. Judging from the latest trend, it appears that management’s expansion into China is bearing fruit. Revenue from China jumped 93% YoY in FY18, and the group is set to further ride on the “Made in China 2025” campaign.

Exports market is key. Moving forward, export markets will have a significant impact to the group’s profitability. Today, China and Singapore account for approximately 71% of its outstanding order book. Notably, these orders are mainly from the UHP division. Separately, its Industrial Gases division should also do better in FY19, underpinned by higher contribution from the new businesses: on-site gas supply and manufacturing of liquid carbon dioxide (likely to commence in 3Q19).

Tender book. Against a stronger pipeline, the street is forecasting a robust 22.2% 3-year EPS CAGR for FY18-21. Note that the group is also tendering for approximately MYR1.2b of projects, across its key operating markets like Malaysia, Singapore, China and Taiwan.

Valuation. Brokers are bullish on the stock with two Buys and a mean target price of MYR1.56, offering a upside potential of around 17%. Valuation wise, the stock is trading at 14.3x consensus FY19 EPS of 9.3sen, lower than its 3-year historical average P/E of 15.9x. Investors who wish to invest in Kelington may consider its warrants which are currently in-the-money (but due to expire in Jun 2019).

Healthy balance sheet. Note that Kelington also has a healthy balance sheet. At end-Dec 2018, the group is sitting on a net cash of ~MYR50m (~MYR0.17/sh), which is approximately 13% of its current market capitalisation.

JAyc, its lend you money. not borrow money.. poor England. hehehe

Uob forum today. Another one expecting rate cut. Time to have some property? Or buy property 2H?

I was told someone frightened the mkt again... Haha
Good time to get ready

U buying at. 1.45 now alredi winning the insider

If shareholder so confident to buy at 1.56 for 2mil shares.... What u afraid of

hopefully the fund flows will be smooth