TRC SYNERGY BHD

KLSE (MYR): TRC (5054)

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Last Price

0.36

Today's Change

+0.005 (1.41%)

Day's Change

0.35 - 0.36

Trading Volume

29,000


6 people like this.

1,791 comment(s). Last comment by elunmask8 2 weeks ago

Posted by shunfeng2032 > 2017-05-23 10:56 | Report Abuse

1.40 ??

gohky87

586 posts

Posted by gohky87 > 2017-05-23 11:42 | Report Abuse

Strong support at 0.715 cents

Posted by shunfeng2032 > 2017-05-23 12:06 | Report Abuse

so 1.4??

ooi8888

1,650 posts

Posted by ooi8888 > 2017-05-23 21:19 | Report Abuse

cpng兄,Satu Kupang是多少?

Icon8888

18,659 posts

Posted by Icon8888 > 2017-05-23 21:25 | Report Abuse

Ten sen

ooi8888

1,650 posts

Posted by ooi8888 > 2017-05-23 21:42 | Report Abuse

哎呀呀,他的目标只是·Ten sen?

zexon

330 posts

Posted by zexon > 2017-05-23 21:48 | Report Abuse

TenCent= China Teng Xun share price..haha

ooi8888

1,650 posts

Posted by ooi8888 > 2017-05-23 22:00 | Report Abuse

如果是中国腾讯的股价,我们发达咯。

zexon

330 posts

Posted by zexon > 2017-05-23 22:21 | Report Abuse

Now also Huat right, next tencent..but I am sure it will be next AZRB, from RM 0.5x to RM 1. 1x.. Same group of players

jen188

193 posts

Posted by jen188 > 2017-05-24 10:33 | Report Abuse

Really good counter. No matter how is market drop, it still go up. Good

Fruity123

11 posts

Posted by Fruity123 > 2017-05-24 12:45 | Report Abuse

anyone attend the agm?

lordng94

158 posts

Posted by lordng94 > 2017-05-24 14:15 | Report Abuse

Ini Kali Lah!

Posted by BeAmillionaire > 2017-05-24 14:22 | Report Abuse

@lordng94, Goodnews from AGM?

lordng94

158 posts

Posted by lordng94 > 2017-05-24 14:30 | Report Abuse

Senyum je...macam ada top secret

Fruity123

11 posts

Posted by Fruity123 > 2017-05-24 14:34 | Report Abuse

any hints?

lordng94

158 posts

Posted by lordng94 > 2017-05-24 14:36 | Report Abuse

They smile only lar..cant disclose during agm what..should be alright

Posted by shunfeng2032 > 2017-05-24 16:15 | Report Abuse

i think 2.20

jen188

193 posts

Posted by jen188 > 2017-05-24 16:21 | Report Abuse

Got mention when is qtr result to be out?

Money111

12 posts

Posted by Money111 > 2017-05-24 17:26 | Report Abuse

it's out !!!! +872.3% !!!! yeah!!!

lordng94

158 posts

Posted by lordng94 > 2017-05-24 17:27 | Report Abuse

superb QR! As mentioned earlier this is just a small present. Big one yet to announce.Congrats to all and don't ask about TP , just keep and enjoy to ride on the wave

Zeal Liew

40 posts

Posted by Zeal Liew > 2017-05-24 17:27 | Report Abuse

Good Q1 2017 result, profit soar 872.3% to 12,076k while revenue low.

Money111

12 posts

Posted by Money111 > 2017-05-24 17:27 | Report Abuse

EPS 2.51 !!!

lordng94

158 posts

Posted by lordng94 > 2017-05-24 17:31 | Report Abuse

Contract values pending for announcements will hit all time high! All sitting in front showed us pleasant faces.

lordng94

158 posts

Posted by lordng94 > 2017-05-24 17:32 | Report Abuse

This time no RM 1.2 no sell. Icon8888 will targeting more right?

jen188

193 posts

Posted by jen188 > 2017-05-24 17:35 | Report Abuse

very very good result. hooray

jen188

193 posts

Posted by jen188 > 2017-05-24 17:36 | Report Abuse

tp 1.5 XD

cheoky

2,823 posts

Posted by cheoky > 2017-05-24 17:42 | Report Abuse

Forex not 5m meh?

Icon8888

18,659 posts

Posted by Icon8888 > 2017-05-24 17:54 | Report Abuse

5 mil

jen188

193 posts

Posted by jen188 > 2017-05-24 18:06 | Report Abuse

guys how to calculate 872.3%?

lordng94

158 posts

Posted by lordng94 > 2017-05-24 18:09 | Report Abuse

Bright business prospect in Australia.

Posted by BeAmillionaire > 2017-05-24 20:26 | Report Abuse

Hi all, pls look at the administrative cost from q report, why increase so much whereby revenue was much more lower? how to explain this?

lordng94

158 posts

Posted by lordng94 > 2017-05-24 20:48 | Report Abuse

Hi BeAmillionaire, few possibilities to explain this.
1)Appreciation of Aussie Dollars
2)Kick start for their MRT project

Posted by BeAmillionaire > 2017-05-24 21:19 | Report Abuse

@lordng94, Thanks for your kindness to share knowledge

herry168

345 posts

Posted by herry168 > 2017-05-24 21:37 | Report Abuse

Superb earning result for first quarter compare to previous year first quarter, eps increased, Pe still below 9 consider low, if conservative growth to Pe 12 times cumulative eps, 1.00 should be no pro,long run investor will be rewarded..well done n gd luck everyone..

G-boy

528 posts

Posted by G-boy > 2017-05-24 21:56 | Report Abuse

wtf.altot i got this share. But i have to talk, why admin expense double ?
GLC always like this,but luckily still able to get contract..haah

cheoky

2,823 posts

Posted by cheoky > 2017-05-24 23:28 | Report Abuse

Hold tight tight.wait for more positive news ad per Lordng info. Thx to all Sifu here.

zexon

330 posts

Posted by zexon > 2017-05-25 08:42 | Report Abuse

The reason to reschedule the launching of ara damansara project is they want to focus on mrt and another coming project. Really ,if two big scale projects running concurrently will take a lot of man power and tight in cash flow. Wise decision made by management. Hope more fund managers will continue to buy in.

zexon

330 posts

Posted by zexon > 2017-05-25 10:21 | Report Abuse

Unsure the crane that TRC used at previous Kelana Jaya LRT sentimental bridge erection machines were under lease contract or self ownership. If is self owned, will be a great advantage to further lower down the cost for coming LRT project.

jen188

193 posts

Posted by jen188 > 2017-05-25 10:51 | Report Abuse

Good result but not moving. XD

zexon

330 posts

Posted by zexon > 2017-05-25 10:57 | Report Abuse

Jen188, many punters looking for 1 cent gain, they had missed the boats since the price raised from 1st wave at 0.52..I am sure they will miss for next few waves.

zexon

330 posts

Posted by zexon > 2017-05-25 11:05 | Report Abuse

Generally, MRT project will guarantee the average return of 1.2 to 1.5 cents earning per quarter. Excluding the contribution from Pan Borneo project, property development at Australia (expected has already break even, assuming 50 percent profit margin), plus another LRX X proejct. TRC is marching towards RM1.2

zexon

330 posts

Posted by zexon > 2017-05-25 11:09 | Report Abuse

I hope the long waited LRT X project is able to clinch by this month. Expected valued at 550 mil +, then outstanding order book will stand at 2.3 to 2.4 billion. We can sleep tight for another next two to three years. Waiting for their coming dividend too...1.9 cents.

zexon

330 posts

Posted by zexon > 2017-05-25 11:13 | Report Abuse

Plus the Damansara project, order book will be easily hit 2.7 bil at least. Not easy to hunt for such a lean and well managed GLC company. Now the price valued at PE of 8.x ,margin of safety is relatively high for a growing business.

lsmpro888

253 posts

Posted by lsmpro888 > 2017-05-25 11:17 | Report Abuse

lol.. too heavy ..
T - Tuabui
R - Relax
C - Chill

zexon

330 posts

Posted by zexon > 2017-05-25 11:24 | Report Abuse

Hope TRC close partner, Prasarana able to finalize and get the funding by this month or early of June. Because they need to award all the 26 stations, depots and viaduct packages by this July.

zexon

330 posts

Posted by zexon > 2017-05-25 11:29 | Report Abuse

Public Bank Has Raised the TP to RM0.82 from RM0.59


TRC Synergy started the new financial year strongly with 1QFY17 net profit of RM12.1m (+c.9x YoY, +31.5% QoQ), driven primarily by revision of project margin for some of its completed projects that have resulted in higher gross margins and foreign exchange (FX) gains. The results would have been better if not for the write-down of its Energy division, which we believe is related to its refinery project in Brunei. After adjusting for FX gains and the write-down for refinery project, its core 1QFY17 net profit is estimated at c.RM12.6m, constituting c. 51% of our full year estimates. We now believe that the margins should be better, given that it should continue to benefit from the write-backs from the completed projects and healthy outstanding orderbook of c.RM1.8bn. As such, we adjust our gross margin assumptions slightly higher and revise our FY17-19 higher by 52%/40%/39% respectively. Correspondingly, we also revise our TP higher to RM0.82 (from RM0.59 previously) with a higher multiple of c.11x (from c.10x previously) which is still below the sector average mean of c.13x. TRC Synergy is now upgraded to Outperform (from Trading Buy).

Outstanding order book at estimated RM1.8bn. With the new contact win secured recently from MRT Corp, the Group’s outstanding order book is estimated to be at RM1.8bn, ensuring earnings visibility for the next 2-3 years. Going forward, we believe the Group is still eyeing projects which among others include LRT3 and Pan Borneo Sabah. We understand that the LRT3 tender results should be out in the next 1-2 months, and believe that TRC Synergy has a good chance to secure at least one package, given its track record in LRT projects. Therefore, job flows for the Group is still expected to be good.
Ara Damansara property development project. The long awaited Ara Damansara property project is now believed to be at the last stages of finalization, which consists of service apartments, hotel, office block and retail mall. The first launch is expected this year, with GDV estimated at c.RM1bn. We understand that the first phase is estimated to be c.RM300m.
Source: PublicInvest Research - 25 May 2017

Galant

171 posts

Posted by Galant > 2017-05-25 11:58 | Report Abuse

result like that also not moving...really strange these days

Icon8888

18,659 posts

Posted by Icon8888 > 2017-05-25 13:19 | Report Abuse

factored in already loh... but good result provide comfort for price to stay strong over next three months.

If lucky, they secure more contracts, zoom to sepuluh kupang loh

Galant

171 posts

Posted by Galant > 2017-05-25 14:32 | Report Abuse

i thought still have some leg to up a bit more since there's a lot of buying between 0.72-0.73 these few days.... anyway lets see.

zexon

330 posts

Posted by zexon > 2017-05-25 14:55 | Report Abuse

Need to shake off weak holders.

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