Just sell sell then buy buy MMODE then suddenly you will realized that your CNY spending are all FOC - net profit from MMODE lor.... ha ha ha huii!! huii!! huii!!.... Big spending and eating to celebrate the new year with MMODE money lor... ha ha ha huii!! huii!! huii!!
Never thought MMODE will drop until 34cent ... This is one of my coverage/analysis 3 months back when it was trading at 42c region (If I remember correctly) _____________________________
There were no adequate info on E&J Incorporation except of the remaining contract sum of Rm 180 million H2O construction contract.
The info that lack of to initiate coverage is : 1. The remaining orderbook 2. The tender that they had sent out / Possibility of securing new project
Usually for a construction stock, we would like to use S.O.P. valuation to calculate it's intrinsic value. Sometime Mr. Market is a fool and mispriced these construction counter (like GKENT) ....
Assume that , Rm 23.571m had being completed, Rm 1.486m as construction profit, (extrapolate it, but shouldn't do it as we shall perform progressive billing method,but neverless, since no extra info is found), the remaining profit yet to be include is approximate RM 9.855m.
Assume that 1. Mobile segment is in breakeven status (erratic performance, bad for valuation, garbage in, garbage out)
2. No more orderbook remaining in E&J Incorporation
My super conservative S.O.P. valuation (cash+ profit from contract) gives you a target of 33.23 cents only.
ha ha ha huiii!! huiii!! huiii!!.... ha ha ha huiii!! huiii!! huiii!!....
M-Mode bags RM260.57m job for mixed commercial project in Sabah
Billy Toh theedgemarkets.com
June 08, 2018 22:16 pm +08
KUALA LUMPUR (Jun 8): M-Mode Bhd has bagged a RM260.57 million contract to build a 25-storey mixed commercial development at Jalan Tun Fuad Stephens in Kota Kinabalu, Sabah.
In a filing with Bursa Malaysia today, M-Mode said its wholly-owned subsidiary E&J Builders Sdn Bhd has accepted the letter of award from Titijaya PMC Sdn Bhd to appoint E&J as the contractor for the proposed project.
The project is expected to be completed within three years by May 6, 2021.
"The project is expected to contribute positively to the group's earnings and net assets for the financial year ending May 31, 2019," it added. M-Mode’s share price gained 1.79% or 0.5 sen to close at 28.5 sen today, with 154,900 shares traded, giving it a market capitalisation of RM46.4 million.
ha ha ha huiii!! huiii!! huiii!!.... ha ha ha huiii!! huiii!! huiii!!....
Assuming a 10% profit margin, MMode stands to make at least RM20 million over the next three years from this project. Its share price should spike 17.9% next week, not just a 1.79% gain.
This company will likely earn about 7 mil this year. With this project, the company can make another 7 to 8 mil (assume 10% margin) per year. So the potential upside can be quite substantial.
In fact, the stock is currently undervalue with market cap at only 46 mil, which is equal to cash in hand. Amazing bargain!
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....
HuatRex
2,617 posts
Posted by HuatRex > 2018-01-26 22:16 | Report Abuse
It will move to 0.50 very soon