Posted by luckyman > 2 months ago | Report Abuse

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.

Posted by soonning65 > 2 months ago | Report Abuse

Nice Q4 result. Soon it will break thru 40 cents

Posted by luckyman > 2 months ago | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=144767&name=EA_GA_ATTACHMENTS

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.

Posted by Kinos > 1 month ago | Report Abuse

Good announcement coming……. Can buy some

Posted by soonning65 > 1 month ago | Report Abuse

Probably Epicon will be out of PN17 within this year

Posted by luckyman > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3401142
Just for info, AAX was uplifted from PN17 without the need of implementing of a regularization plan....
https://theedgemalaysia.com/node/690869

Posted by luckyman > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428774
Good news!
Just sit tight and wait for the declassification of PN17.

Posted by 6stars > 1 month ago | Report Abuse

Tomorrow price up👍

Posted by luckyman > 1 month ago | Report Abuse

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.

Posted by 6stars > 1 month ago | Report Abuse

I think will head further north next week with such high volume today

Posted by soonning65 > 1 month ago | Report Abuse

@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?

Posted by monreyes > 1 month ago | Report Abuse

Application to exit submitted on the 6/3..hope can approve fast

Posted by luckyman > 1 month ago | Report Abuse

Just wondering if all the sellers in the past one week are aware of the impending the exit of PN17 classification for Epicon in the near future.

Posted by soonning65 > 1 month ago | Report Abuse

I guess typical operation by traders, sell on good news ..

Posted by luckyman > 1 month ago | Report Abuse

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.

Posted by soonning65 > 1 month ago | Report Abuse

Now its heading towards 1-year high 🤗

Posted by 6stars > 1 month ago | Report Abuse

Won another contract from Maju Perak worth rm89 million 👍

Posted by luckyman > 1 month ago | Report Abuse

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.

Posted by luckyman > 1 month ago | Report Abuse

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://theedgemalaysia.com/node/705889

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.

Posted by soonning65 > 1 month ago | Report Abuse

dnt forget Epicon also obtained RM89mil Perak building contract recently
https://www.thestar.com.my/business/business-news/2024/03/22/epicon-wins-rm89mil-perak-building-contract

Posted by thisistheway > 1 month ago | Report Abuse

All this infos already known if you follow news...question is when moon? Lol...PN17 need to uplift first

Posted by thisistheway > 1 month ago | Report Abuse

LBS Bina order book is only RM1.2 Bil at 0.735....ready for raya?

Posted by luckyman > 4 weeks ago | Report Abuse

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.

Posted by thisistheway > 3 weeks ago | Report Abuse

Ya apply to uplift is one, Bursa also need to see the next qtr financial results b4 decide...

Posted by jack2 > 3 weeks ago | Report Abuse

with order book of 930M, profit each quarter around RM5M

Posted by goodgain > 3 weeks ago | Report Abuse

Jack2, very low profit margin???

Posted by thisistheway > 3 weeks ago | Report Abuse

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...

Posted by Gentingbig > 3 weeks ago | Report Abuse

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

Posted by goodgain > 3 weeks ago | Report Abuse

PE ratio for construction sector ranging around 12.0.

The company need 60m profit per year to stand a chance for the price to hit rm1.00 and above.

Lagenda has even more potential and proven track record than this counter.

Posted by thisistheway > 3 weeks ago | Report Abuse

if didnt go down below 0.465 tmrw got chance to rally

Posted by Gentingbig > 3 weeks ago | Report Abuse

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 .

Posted by luckyman > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/707155
Contractors should seize the opportunity to obtain various construction projects within the country worth approximately RM180 billion this year...

Posted by soonning65 > 3 weeks ago | Report Abuse

Hit 52-week high next week?

Posted by luckyman > 2 weeks ago | Report Abuse

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...

Posted by 6stars > 2 weeks ago | Report Abuse

When its pn17 declassification is approved, it will shoot up, for sure. Won’t be too long from from now.

Posted by soonning65 > 1 week ago | Report Abuse

It seems that we need to wait for the war to subside before it can break through 50 cents

Posted by Gentingbig > 1 week ago | Report Abuse

yes its just our luck really shithouse internally & externally .

Posted by goupgoup888 > 1 week ago | Report Abuse

heavy sell down ,
any comments from guru guru ?

Posted by Gentingbig > 1 week ago | Report Abuse

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.

Posted by Gentingbig > 1 week ago | Report Abuse

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

Posted by goupgoup888 > 1 week ago | Report Abuse

possible Q results not encouraging ?

Posted by Gentingbig > 1 week ago | Report Abuse

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.

Posted by ahbah > 1 week ago | Report Abuse

Not just the retailer panic but the WHOLE WORLD also got panic now !!! 😥😥😥

Posted by soonning65 > 1 week ago | Report Abuse

Do risk management when you are panic

Posted by Gentingbig > 5 days ago | Report Abuse

epicon chart show will be trading sideway but then to me its still standing prettily there unlike others

Posted by soonning65 > 2 days ago | Report Abuse

That's epic comment, Gentingbig😆

Posted by Gentingbig > 2 days ago | Report Abuse

soonning , new received that anytime now epicon will go north so dont miss out this opportunity. first TP 70 second TP80 but if willing to keep till end of the year is 1.20

Posted by 6stars > 2 days ago | Report Abuse

Genting big, accurate or not wor? If like this, can still buy, bro. Still got abit bullets😂

Posted by Gentingbig > 2 days ago | Report Abuse

hahaha i have been collecting since last oct and just thurs & fri i load another 600000 lots . its just that when i ask friend a chartist to assist to read and it show sideway. i hesitate to collect more . but then sideway also stand so prettily and steadily at 43 to 45. but on thurs the cup and handle are form so i load more. with regret most of my fund stuck with HM & Velesto otherwise i will go in allway.

Posted by Gentingbig > 2 days ago | Report Abuse

6stars can confirm same as its only a matter of time now...as now only awaiting doctor to declare epicon cancer free and can check out of SJMC soon loh.