These are the great potentials. The chances to win those projects are very high. Maybe through JV. Without factor in these projects, it already worth 0.70 above. Thanks for sharing.
56sen already fair price or it could slide a bit more.
When they set a TP of 70sen....56sen is the most investor willing to pay..i.e. 20% upside is incentives for risk taker who willing to buy at this level.....don't think you want to buy at 70sen because you have to find punter who think this stock can go beyond current TP...at least 90sen.
This TP already consider the above factor and valuation are made base on price of oil at USD53 - USD63 for (17,18,19) and exchange rate of USD4.25 The current outlook on Oil and USD are not favourable.
Further risk are none renewal of NSW project. VEP contract actually are not that big...one off RM104M project spread over 5yrs...
TP 70sen already considered Thailand project...which I think it shouldn't (without details of project i.e. potential, position, partner strength, political strength with Thailand government etc). .....
Currently thousand if not hundreds company in bursa are working hard everyday to sell, deals, tenders, wip, in pipe line etc.....waiting their potential contract to be award....and nobody give their valuation base on future potential awards....at least not in infancy stages and without details....
whatever factored in to current price is irrelevant,none of us can predict the future EPS- when and how much revenue will thai border's vep brings to Dnex? Dnex has plan to expand into energy sector-generator in Indonesia in second half of 2017. How the current price factored in?
VEP and RC between Spore and Mal; Dnex only in charge Mal part. VEP and RC between Thai and Mal; Perhaps Dnex will in charge Thai and Mal both parts. But we are not 100% sure; Dnex had partnership with TIFFA for Thai, perhaps also going to JV a local company for Mal borders. Spore have around 1500 vehicles cross Mal borders. For Thai, I remember our minister ever told have 1000 vehicles crossing everyday. If Dnex in charge both side, it is more then spore between Mal.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3369 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tai KT
1,419 posts
Posted by Tai KT > 2017-06-11 10:55 | Report Abuse
These are the great potentials. The chances to win those projects are very high. Maybe through JV. Without factor in these projects, it already worth 0.70 above. Thanks for sharing.