Mieco, turnaround coming

stock pick: mieco, sernkou

good company, scare what

md sued.. habis

price stucked at 1.2

crazy movement, down soon

Goreng2 got face

Why is ARB still so cheap now?

I do not understand what is going on behind the company, perhaps someone can explain to me:-

1. The previous owners who are involved in the timber business already left, now ARB is in the IoT and ERP business, share price also went up in tandem with their profit previously, why now going back down?

2. IoT, ERP growing business ma… Technology company like ARB should be seen in better light by the market lo…

3. I understand ICPS dilution ma, but even fully converted the PE ratio still very cheap, even lesser than 3 times?

4. No one selling already, volume dying down, why so hard to push up the share price?

I not sure about what others would say, but just buying a bit now for the sake of goreng :P

Hoseh liao

https://www.globenewswire.com/news-release/2022/04/04/2415621/28124/en/Malaysia-Construction-Market-Report-2022-Construction-Industry-to-Expand-by-16-5-in-2022-Forecast-to-2026.html

GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and increased investment on industrial and energy projects.

In December 2021, the Malaysian parliament passed the government's budget for 2022, approving an expenditure of MYR332.1 billion ($81.8 billion). The budget includes an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, as well as a number of incentives to improve employment rates and support businesses.

The construction industry is expected to register an annual average growth of 6.2% between 2023 and 2026, driven by investment in large-scale transport and energy projects. In September 2021, the government announced its plan to establish the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects in the 12th Malaysia (12MP) plan between 2021 and 2025.

In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035. As part of the 12MP, the government announced its goal of developing 120 cities to achieve sustainable city status by 2025, by providing additional support to private sector projects implementing strategic development programmes. The government also intends to construct 500,000 affordable houses by 2025.

The Malaysian construction industry grew by an estimated 1.5% in real terms in 2021, following an annual decline of 19.4% in 2020

The industry's output in 2021 was supported by an improvement in wider economic activity and more favorable external demand. Despite remaining stable in the first half of last year, construction activities plummeted in the third quarter of 2021, due to weakness in civil engineering, residential and non-residential building construction activity.

As a result, the Malaysian construction industry contracted by 2.6% year on year (YoY) in the first three quarters of 2021, according to the Department of Statistics Malaysia (DOSM). The industry is expected to have registered positive growth in the final quarter of 2021, supported by a fall in Coronavirus (COVID-19) infections and the subsequent relaxation of restrictions. However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022.

Construction Industry Development Board (CIDB) CEO Datuk Ahmad ’Asri Abdul Hamid concurs, noting that ongoing projects that were awarded before the pandemic are especially affected, as the projects are priced lower, with no allowance for price increases, owing to the hike in building material prices.

“This resulted in the contractors having their profits reduced or, in some cases, suffering losses. Despite this, the contractors still have to continue executing the projects until completion,” he says in an email response to questions from The Edge.

“As for new contracts, contractors can manage by pricing in the current material prices and quoting prices, with sufficient margins, to cover unexpected costs, including unforeseen increases in material prices.”

While contractors from both the public and private sectors are affected by the increase in material prices, the VOP clause was reintroduced for government contracts on July 15, 2021, to mitigate the impact of material price increases.

Good article from the edge, can read https://www.theedgemarkets.com/article/special-report-cost-labour-headwinds-threaten-constructions-recovery

Moving in tandem with global prices, overall average local material costs have risen 10% to 40% since the start of the year.

“We are not at the stage of alarm, but reaching there soon at the current rate [of price growth]. The fear of prices shooting up further or a sudden dip or dump has created an uncertain situation, whereas [property] developers have doubts on launching new projects,” MBAM president Tan Sri Sufri Mhd Zin tells The Edge.

The impact of the rise in costs of materials on infrastructure projects is huge, as steel bar, cement and diesel costs account for at least 30% of the whole contract sum, he says.

“For building projects, key materials such as steel bar, cement and diesel account for a lower percentage —10% to 15%. However, the prices of diesel affect logistics costs for other materials such as tiles, bricks, roofing and aluminium, which collectively comes to 30% to 40% of the total contract sum,” he adds.

Prices of steel bars are reported to have risen 30.6% to RM3,500 per tonne, from RM2,680 per tonne in February 2021, while those of bulk cement have increased 66.7% to RM350 per bulk, from RM210 per bulk. Diesel prices have risen 128.4% to RM4.34 per litre, from RM1.90 per litre in February 2021.

Sufri says because most construction contracts range from 18 to 48 months, material costs have already increased about 70% for those projects secured in early 2020, thus affecting contractors’ profit margins.

Special Report: Cost, labour headwinds threaten construction’s recovery

AS economic activity continues to pick up pace amid the country’s transition into endemicity, supply chain disruptions and soaring building material costs brought about by Russia’s invasion of Ukraine, and labour shortages threaten to derail the construction sector’s recovery, say analysts.

After losing more than RM42 billion because of lockdowns in the past two years, construction companies are looking forward to seeing more mega projects being launched, with the RM31 billion Mass Rapid Transit Line 3 (MRT3) project — whose tenders will be called next month — set to start the ball rolling.

The Master Builders Association Malaysia recently warned, however, that rising building material costs are hampering the industry’s growth and could force many contractors to go out of business. As such, MBAM is calling for government intervention to cool down prices.

later tp 30 cents, from my friend in IB

funny right

ignore them.. when penny stock become undervalued gem, "value investors" will chase and buy

lalalala.. whistlebower blow water again.. scam retailer

aiya blow water.. when sung show profit kanger share price already.. operator kaki ka?

super bargian now .. undervalued co

but janitor do you have any proof the vessel at port? lol

the volume shows not one day show, looking for more

typical missed boat crying.. thanks fast for today fly

Don't too fast to judge. Fast value is still there

0.80-0.75 I think still good to go and company is performance so even drop, I will pic up a little bit more. Majority construction also got impact but as long they performing and not die until every bad. I will still consider. As long performing company, I am ok to put it long term, I think you got maybulk also, Another good company too..... hahahah

z3fthology ？

Today majority counter is red, as long solid, masuk only !

today is just a good day for top up

Drop more buy more ！Good company must support

It seems that temporary wont drop more at the moment. 0.75 good to support ?

how you know qr coming? you SKL or syndicate? hahahah

All the stocks you comment.. pirate123, why at the end they still go up???
You close friend with operator kah? hahaha

Hahaha.. always accumulation phase when people come and talk bad.. typical syndicate pattern

@pemburuscammer everyone got freedom of speech, but dun over blow le

Warning !!!! I see biohldg will limit up tomorrow.... All in ....

Next Tp 0.26 ？

Keep privately collect first. XD

where is the limit ? Sky is the limit ! haut ah, heng ah, ong ah !

wah saturday also got drama here hahahaha...

seems like someone angry oooo

https://www.theedgemarkets.com/article/ageson-sues-former-md-director-and-others-over-alleged-scheme-defraud-company

olongbolo keep spamming, your boss pay you well ya

Operator / Goreng Kaki Spotted : Alert Alert

Noticed a funny trend in KANGER forum

1. Negative attackers to come out during share price flat, hopefully to weaken the share price further

2. Create fake sell queue to depress buyers, to collect lower

3. Attack the MoU once the price is down, but when price went up diam2 selling and take profit

4. Repeat and profit

5. Just observe hehehe, once they are here, price will be flat (collection period), and fly afterwards

list of things he do:

- PUSH UP THE PRICE LAR
- KEEP DREAMING LAR
- PROMOTER
- BOSS PAY YOU KAR

list of things he cant do:

- get good at stock pic

he cant rationally reply, @deepseavalue, dont waste your breath

hahahah cant reply = imbecile

why no one talk about the acquisition on sung master? looks profitable

sky is the limit for kanger?

Morning all.. forum active in morning again.. today some movement in construction !

Can wait then got good return lor!

ARBB need time, it is not goreng share that spike once then bye bye.