Posted by bonescythe > 2014-02-10 17:05 | Report Abuse

:D

Posted by FreeThink > 2014-02-10 17:06 | Report Abuse

jenab, bones's smiling face worth 20sen, tomorrow sure gap up!! hehe

Posted by bonescythe > 2014-02-10 17:10 | Report Abuse

Haha

:D
:D
:D

Posted by FreeThink > 2014-02-10 17:11 | Report Abuse

jenab...tomorrow 60sen! hehe

Posted by jenabchen123 > 2014-02-11 01:52 | Report Abuse

Now merrier sedikit :) :) :) :) and valued 40 sen tomorrow.

Posted by jenabchen123 > 2014-02-12 02:17 | Report Abuse

Dow Jones climbs +191 points now!

Posted by Frank Tan > 2014-02-12 08:56 | Report Abuse

coming to over 0.50 again? :)

Posted by jenabchen123 > 2014-02-14 15:48 | Report Abuse

Watch out! Buying queue is building up.

Posted by jenabchen123 > 2014-02-17 02:19 | Report Abuse

Tomorrow it will caress 0.50 Franky.

Posted by jaafar daud > 2014-02-18 09:39 | Report Abuse

50 sen broken

Posted by jenabchen123 > 2014-02-18 14:31 | Report Abuse

Highest 0.52 and it breaks with exceptionally high volume of 1.37 million share. Good time coming?

Posted by FreeThink > 2014-02-18 14:32 | Report Abuse

jenab, congrats...hehe...come join us at kaki flag thread! hehe

Posted by jenabchen123 > 2014-02-18 14:38 | Report Abuse

More interest coming to Construction related stocks. FT, 0.60 is next TP??

Posted by jenabchen123 > 2014-02-18 14:40 | Report Abuse

:) sometimes or most times visited there picking tips. Many sifus there :)

Posted by Frank Tan > 2014-02-18 15:27 | Report Abuse

round 2 over 0.50 this year.This i will hold it.

Posted by jenabchen123 > 2014-02-18 21:42 | Report Abuse

Closed +3 sen today! Volume traded suddenly surged to 1.74 million with 730 lots queued to buy at the closed price. Financial qtr to be closed next month. Any good news out there???

Posted by jenabchen123 > 2014-02-18 22:29 | Report Abuse

But let the Q3 comes out first. Something brewing?

Posted by jenabchen123 > 2014-02-19 01:42 | Report Abuse

Buying signal emerged followed by the price increase with volume. But too early day and got to wait a few more trading days to confirm the upward trending provided volume keep coming in. 1st resistance seen at 0.53 with support seen at 0.46. Will take chance and hold position despite RSI touched 70.

Posted by Duitbesar > 2014-02-19 01:43 | Report Abuse

Harap yang ini jadi kuda keramat pulak. Abang dengar dia sapu bersih projek MRT ni. Business dia pun amat kukuh cuma harga terlalu rendah.

Posted by jenabchen123 > 2014-02-19 01:48 | Report Abuse

Kuda Serendah Bang :)

Posted by Duitbesar > 2014-02-19 01:50 | Report Abuse

Kuda serendah tu apa? Abang tak kesah kalau kuda patung pun, asal lebiih laju lari dari bas.

Posted by Duitbesar > 2014-02-19 01:51 | Report Abuse

Jenab, lu tengok penyata dia. PE pun dashyat!! Terendah dalam bursa!!

Posted by jenabchen123 > 2014-02-19 11:17 | Report Abuse

Half sen increase and holding steady. But buying volume not strong.

Posted by bonescythe > 2014-02-19 11:28 | Report Abuse

:)
:)
:D

Posted by jenabchen123 > 2014-02-19 15:49 | Report Abuse

Volume so far half a mil and the price is holding well. The good thing seller is holding fort and buyer need to pay asking price. a good sign. But why suddenly increase in interest in MTDACPI?

Posted by jaafar daud > 2014-02-19 16:19 | Report Abuse

Expecting good 4Q fr to be released next wk.

Posted by ampabella > 2014-02-19 21:00 | Report Abuse

burung kechil mahu terbang oreli

Posted by jenabchen123 > 2014-02-20 11:01 | Report Abuse

Q3 Jaafar?

Posted by jaafar daud > 2014-02-20 12:21 | Report Abuse

You are right Jenab. Co. Financial Year end is 31 Mac.

Posted by jenabchen123 > 2014-02-20 17:01 | Report Abuse

Market CNY today but MTDACPI holding pretty well. Not much distressed selling interest.

Posted by jenabchen123 > 2014-02-21 02:33 | Report Abuse

Abang Duitbesar sudah terjun masuk ke? Terjun masuk besar besar sedikit.

Posted by Duitbesar > 2014-02-21 02:50 | Report Abuse

Belum masuk lagi. Tengok monitor Jenab.

Posted by jenabchen123 > 2014-02-21 03:02 | Report Abuse

Masuk cepat cepat Abg Duitbesar. DJI pun shrugged off bad new from China. Right now Dow Jones Index naik + 117 points.

Posted by Duitbesar > 2014-02-21 03:06 | Report Abuse

Ya, masalah China tertangguh buat sementara waktu. Besok market ada harapan. Abang nak masuk tapi timing mesti cun Jenab. Abang tak mahu masuk then keep turun atau stag. Lagipun abang calculate berapa tinggi dia mau lompat. Kalau dalam sekitar 20 sen gitu gemuk sikit keuntungan. Kalau setakat 7 sen abang malas sikit.

Posted by Duitbesar > 2014-02-21 03:07 | Report Abuse

Contoh, sekarang 50 sen, highest 62 sen, tolak campur margin dalam 12 sen. Hmmm....

Posted by Duitbesar > 2014-02-21 03:09 | Report Abuse

Lagi satu volume dia. Hmmmmmm. sikit sangat. Tak riak. Kalau mamat tengah sesat best sikit.

Posted by jenabchen123 > 2014-02-21 11:36 | Report Abuse

Need to learn you tactic Abg Duitbesar. Ada blog ke?

Posted by jenabchen123 > 2014-02-22 13:31 | Report Abuse

Now not only masalah China di tangguh, key regional bourses and DJI and Europe close hijau Friday. Monday should be Smiley Monday not a Monday Blues. It should be Monday Rock!

Posted by FreeThink > 2014-02-22 14:38 | Report Abuse

Hehe

Posted by jenabchen123 > 2014-02-23 01:53 | Report Abuse

Sorry ah, DJI slightly red lah.

Posted by jenabchen123 > 2014-02-24 00:01 | Report Abuse

Berapa besok?

Posted by jenabchen123 > 2014-02-25 01:41 | Report Abuse

Tsunami or ombak kecik saja?

Posted by ampabella > 2014-02-26 22:33 | Report Abuse

no datang , phew........ very very the charm

Posted by Frank Tan > 2014-03-13 09:11 | Report Abuse

time to collect 《0.45

Posted by Cweed > 2014-04-01 09:44 | Report Abuse

Collect first. It doesn't go down what... When good times come, will fly!

Posted by jenabchen123 > 2014-04-04 16:21 | Report Abuse

Can agree more. Come to collect at dirt cheap while we can. Broking houses like start chanting on buying construction related counters. And if you want to build townships whatever, infrastructures will come first. For this, MTDACPI with its precast concrete know how and expertise, they surely benefit and cash in first from the construction frenzy! Buy fast for visionary investors!

Posted by jenabchen123 > 2014-04-04 18:32 | Report Abuse

From Kenanga:

We reaffirm our OVERWEIGHT rating on the Construction sector as we believe that orderbook replenishment prospects for contractors going forward should remain bright propelled by several high-value projects. Firstly, the RM25b KVMRT2 project which was recently approved by the Cabinet. Even though the rail project will only be awarded sometime next year, we expect another string of news flows associated with KVMRT2 (i.e. alignment introduction, public gallery, tender process) in the next 6-9 months which should spur some trading interests on existing MRT contractors. Secondly, we understand that the award of the RM6.0b West Coast Expressway (WCE) is expected to materialize soon over the next 1-3 months. Thirdly, we expect infrastructure-related contracts from downstream oil and gas projects, i.e. RM60b RAPID to be awarded soon. This might benefit some contractors with ready presence in the project or contractors that have strong track records with the project owner, Petronas. Fourthly, we expect the proposed restructuring of water assets in Selangor to be completed soon and this will finally lead to the construction of Langat 2 water treatment plant and distribution system (LRAL2). Other than that, we also expect the Sarawak’s infra-related projects to be awarded soon driven by the state’s continued urbanization and industrialization process. Nonetheless, these positives have yet to be fully priced in as the KL Construction Index is still currently trading at 12.2x Fwd. PER, 11% discount to its mean. Hence, we advocate investors to selectively pick quality stocks that will ride on the expectations of news and contract flows. Our top pick remains IJM Corp (OP; TP: RM6.71) due to (i) it being a prime beneficiary of the soon-to-be awarded WCE project that will complement its other businesses, (ii) IJM Plant’s bright outlook driven by higher CPO price, and (iii) valuation still cheap vis-à-vis its historical average (Fwd. PER of 12.0x against 5-year historical PER mean of 15.1x). We also continue to favour MUHIBBAH (OP; TP: RM3.00) and GADANG (NR) for the RAPID infrastructure works. Meanwhile, CMSB (Not Rated), NAIM (OP; TP: RM4.15), and HSL (Not Rated) will still be favourite counters for Sarawak growth story.

Results review and outlook. Majority of contractors delivered disappointing results in FY13. Out of 9 stocks under our coverage, 4 underperformed, 3 outperform while 2 met expectations. Amongst the reasons for the general earnings disappointment are the lower-than-expected burn rate of orderbook, higher-than-expected operating expenses, i.e. electricity, raw material prices, unclaimed VOs, and provisions. We also downgraded KIMLUN to UP from MP due to dilution impact following its rights issue exercise recently. Most contractors have raised their concerns on the shortage of labours and subcontractors, which affected their margins and orderbook progress. Our checks with contractors revealed that they have been proactively addressing these issues. Going forward, regardless of the issues and concerns currently being addressed, we estimate aggregate contractors’ earnings in 2014 will rise by 15.6% driven by their healthy unbilled orderbook of more than RM25b.

Orderbook replenishment prospects still bright. Underpinned by strong orderbook replenishment prospects, remain bullish on the sector as we believe the industry fundamental is still bright given the following high-value projects in the pipeline such as the followings; (i) As expected (refer our 1Q14 Construction strategy report), the RM25b KVMRT2 project has been approved by the Cabinet. Although project works will only be awarded next year, we expect a fresh string of news flows associated with the KVMRT2 (i.e. alignment introduction, public feedback, tender process) in the next 6-9 months which should spur some trading interests on existing MRT contractors, (ii) The awarding of the RM6.0b West Coast Expressway (WCE) project is expected to materialize soon in the 2Q14. We reaffirm our view that the project will benefit IJM (main contractor), WCT, Muhibbah and Gadang, (iii) We gather that the infrastructure-related contracts from oil and gas projects, i.e. RM60b RAPID, are soon to be awarded and this might benefit contractors that already have presence in the project or have strong track record with the project owner, Petronas such as MUHIBBAH and GADANG, (iv) The construction of Langat 2 water treatment plant and distribution system (LRAL2) is expected to be take off in 2Q14 after the proposed restructuring of water assets in Selangor is completed in the next 1-2 months. This might benefit AZRB, MMC and SALCON as contractors for the plant and pipeline distributors such as ENGTEX, YLI, HIAPTECK, and JAKS, and (v) the Sarawak’s infra-related projects (access roads, water treatment plants, power plants) will continue due to the urbanization process in key state’s cities (i.e. Kuching) and industrialization in SCORE areas.

Posted by jenabchen123 > 2014-04-04 18:34 | Report Abuse

Continue

Positives have yet to be fully priced-in. As the KL Construction Index is still trading at discount to its mean, i.e. (12.2x Fwd. PER against 5-year mean PER 13.6x), we believe that the positives (strong orderbook replenishment prospects of the sector) have yet to be fully priced in. Hence, we advocate investors to selectively pick quality stocks that could ride on the expectations of news and contract flows this year. Our top pick remains IJM Corp (OP; TP: RM6.71) due to (i) it being a prime beneficiary of the soon-to-be awarded WCE project that will complement its other businesses, (ii) IJM Plant’s bright outlook driven by higher CPO price, and (iii) valuation still cheap vis-à-vis its historical average (fwd-PER of 12.1x against 5-year historical PER mean of 15.1x). We also continue to favour MUHIBBAH (OP; TP: RM3.00) and GADANG (NR) for the RAPID infra works. Meanwhile, CMSB (Not Rated), NAIM (OP; TP: RM4.15), and HSL (Not Rated) will still be favourite counters for the Sarawak growth story. Maintain OVERWEIGHT with our Outperform calls on BENALEC (TP: RM1.25), GAMUDA (TP: RM5.25), IJM (TP: RM6.71), MUHIBBAH (TP: RM3.00), NAIM (TP: RM4.15), TRC (TP: RM0.62), Market Perform calls on EVERSENDAI (TP: RM0.99), WCT (TP: RM2.50 and Underperform call on KIMLUN (TP: RM1.55).

Source: Kenanga

Posted by jenabchen123 > 2014-04-04 19:38 | Report Abuse

Publish date: Fri, 4 Apr 15:36

KUALA LUMPUR: Alliance Research has maintained 'neutral' rating for the construction sector as domestic contracts flow started on a weak note in the first quarter of this year.

"Despite the expected pick up in momentum for the coming quarters, we maintain our view that domestic contracts will come in lower year-on-year for 2014, given the fiscal tightening measures and property "cooling" measures," said the research house.

Alliance Research said the fiscal tightening measures would reduce public sector contracts and the property cooling measures would slow down private sector contracts.

"As such, we trim our 2014 domestic contract awards target by RM1 billion from RM13 billion to RM12 billion. There is a risk of further downgrades should momentum not pick up in the coming quarters as we anticipated," the research firm said in a note today.

Alliance Research said the coming quarters would see a pick up in domestic contract awards, driven by jobs such as the Permodalan Nasional Bhd-owned highways, Dash and Suke (totalling RM8 billion), West Coast Expressway (RM5.9 billion), civil works for project 3B power plant (RM1.7 billion to RM2.2 billion) and Langat 2 Water Treatment Plant (RM1.2 billion).
"The foundation works award costing RM74 million for the proposed building at Warisan Merdeka to Pintaras Jaya last month is a positive sign that the project would take-off soon," the research house said.

Hence, Alliance Research maintained its "neutral" rating on the construction sector, given the expected lower domestic contract flows for 2014.

"Our top pick remains Gamuda Bhd as its earnings anchored by the existing Mass Rapid Transit line while it is also set to benefit from the roll out of the MRT line 2," the research house added.-- Bernama

Posted by jenabchen123 > 2014-04-04 20:11 | Report Abuse

MTDACPI Financial Information
Market Capital (RM)
: 104.23m
EPS (cent)
: 21.23 *
P/E Ratio
: 2.12
Par Value (RM)
: 1.000
NTA (RM)
: 0.760
Dividend (cent)
: 1.00
Dividend Yield (%)
: 2.22
Dividend Policy (%)
: 0