Some profit could have been deferred to next quarter earning reporting which is the first quarter for FY2024. Likely the company would report at least RM40m net profit for 2024 in order to bring it to next level of growth. Otherwise, a new CEO will be appointed to chart the new growth for the company.
The company has been reporting profits for the last 5 quarters. It's entirely up to the regulatory authorities when to grant the approval for the company exiting the PN17 classification.
Hopefully research houses would start covering and promoting this counter once it has been granted approval to exit PN17 classification. It needs to go limit up in order to attract attention from research houses.
Exiting PN17 classification will enable it to get bank loans more easily to undertake more sizable jobs.
@luckyman. If one Company no longer triggers any prescribed criteria under Paragraph 2.1 of Practice Note 17 of the Listing Requirement, it's automatically out of PN17 category?
It has bagged another job order worth RM191 mil. Hopefully there's more to come before the declassification of PN17. That will help drive the share price to above RM1 upon declassification.
The 30-month Contract is expected to contribute positively to the earnings of the Company for the financial years ending 31 December 2024 and onwards.
Upon the awarding of this new Contract, the Company's total outstanding order book has risen to RM929 million from the previously stated RM840 million in the announcement made on 18 March 2024.
Epicon could be the next Binastra in the making... as it is estimated that Epicon would have job orders worth close to RM1.4bil too upon the finalization of the detailed JV terms with Permodalan Negeri Selangor Berhad.
Epicon's current market capitalization is RM262m only while Binastra's market capitalization is RM760m with RM1.4bil job orders in hand.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=143196&name=EA_GA_ATTACHMENTS The Gross Development Value of the proposed project could be at least RM563 mil as the selling price of the 2,252 units of Rumah Idaman MBI should start at RM250,000 per unit. So, this will likely translate into a potential job order of at least RM450m for Epicon upon finalization of the detailed terms & conditions for the project.
The company submitted its application to Bursa on 6 Mar 2024 to request for upliftment of its PN17 classification. Hopefully, Bursa would announce its decision right after the company announcing its first quarterly earnings by 31 May 2024. Meanwhile, let's pray for more job orders being procured.
For a main contractor, is already good if their margin is close to 10% of revenue...thats normal and ideal range...furthermore most of the contracts are recent so like any development will take 2-4 yrs to complete depending on the scale of the works...
with the order book of 930 million and forecasted revenue of 10 percent , its a sure win for bursa to declare epicon cancer free and can check out of the hospital (pn17 uplift) i have been buying epicon since this counter (ktb) in coma at the ICU room. after months of living in the normal ward and awaiting doctor to declare epicon as a cancer free counter then we will be laughing all the way to our bank
no doubt Lagenda ihas more potential but then what is the point as one can only look out for their dividend as the Doh brothers are not the goreng goreng kaki .
https://theedgemalaysia.com/node/707155 Contractors should seize the opportunity to obtain various construction projects within the country worth approximately RM180 billion this year...
There are simply too many sellers for the last one month. The plus side is that the whales are still collecting....Otherwise, the price would not have sustained thus far...
RETAILERS panic selling lah. i will sold 3 million shares of epicon the last round when it hit 48 and came all way down to 32 cents just in 4 days for no reasons. this time the middle east tension push retailers to sell down.
i leant not to panic this round as we all know the fact once epicon is out of PN17 status which will happen soon its just too bad the bombing happened at this time
to me this is not the reason, but rather retailer panic selling due to the middle east tension and operator took the opportunity to push down to buy. the resistance is 39.5 cents and now it rebounded. anyway it will take at least some weeks or this counter to start performing.
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....
durian1
45 posts
Posted by durian1 > 2 months ago | Report Abuse
hmm