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2,651 comment(s). Last comment by Philip ( buy what you understand) 5 days ago
Posted by Heavenly PUNTER Research IB > 2019-05-19 15:44 | Report Abuse
Posted by (US/CHN trade war doesn't matter) Philip > 2019-05-30 06:44 | Report Abuse
Posted by (US/CHN trade war doesn't matter) Philip > 2019-06-10 06:49 | Report Abuse
Posted by (US/CHN trade war doesn't matter) Philip > 2019-07-06 16:12 | Report Abuse
Posted by No right Nor wrong Only to Win > 2019-08-14 14:22 | Report Abuse
(US/CHN trade war doesn't matter) Philip
4,794 posts
Posted by (US/CHN trade war doesn't matter) Philip > 2019-05-19 15:40 | Report Abuse
from the management own words: decide what you will.
BUSINESS PROSPECTS
The Board foresees a challenging period for the Group, taking into account the competitive market landscape and has initiated active tender participation for domestic infrastructure projects. Barring unforeseen circumstances, the Group expects to remain profitable in the current financial year.
Construction Division The highly competitive environment of the construction industry, coupled with the fast escalating material prices and labor costs has further deteriorated our overall margins for the existing on-going projects. Nevertheless, the Division will continue to implement continuous cost management measures to safeguard its margin. The current outstanding order book of RM1.30 billion shall provide stable income visibility going forward. (tender renegotiation is never good for anybody)
Property Division The overall weakness in the property market has affected sales and accordingly impacted the performance of our Property Division. The Division has introduced more aggressive marketing efforts to promote sales of its existing on-going and completed projects. With unbilled sales of RM93.10 million and planned new launches, the Property Division is expected to deliver positive performance in this financial year. (many unsold properties but still launching more, good for "assets and bookbuilding", bad for long term earnings)
Utility Division Earnings from the existing four water concession plants will remain stable. (no future growth plans)