Since BDB announced last Qr.4 Fy2016, and announced RM0.045 dividend pay for for Fy2016, I noticed that Buyers vol exceed Sellers vol daily. After Ex-date Dividend, situation also same. Although the vol is small.
1. Current quarter vs previous year corresponding quarter
For the fourth quarter ended 31 December 2016, BDB recorded revenue of RM153.9 million. The revenue increased by RM48.1 million or 45% compared to RM105.8 million achieved in the same corresponding period of last year. BDB’s Profit Before Tax of RM36.9 million was higher by RM10.0 million or 37% compared to the same corresponding period of last year.
BDB posted higher revenue and profit for the fourth quarter compared to the same corresponding period of last year due to higher contribution by the Group’s Property division, which recorded better revenue mainly from TTIS enclave sales and sales of land.
Performance of the operating business segments for the quarter ended 31 December 2016 compared to the previous year’s corresponding quarter are as follows:
Property Division The Property Division contributed RM95.4 million to BDB revenue compared to RM34.9 million previously, an increase of 173%. The increase of the revenue was mainly due to higher sales coming from Bandar Darulaman and Darulaman Perdana townships and also sales of land.
Similarly, profit contribution stood at RM38.4 million, an increase by RM27.2 million compared to the previous year’s corresponding period mainly due to the higher sales performance of its properties and the land sales.
Road and Quarry Division This Division contributed RM41.1 million to Group revenue compared to RM59.9 million previously, a decrease of 31%. The decrease in revenue was due to the state road maintenance project which was higher during the same quarter last year. In 2015, most of the work orders of the state road maintenance project were done in quarter 4.
Similarly, the profit contribution decreased to RM9.2 million from RM15.0 million recorded in 2015.
Construction Division The Construction Division provided RM15.5 million to BDB revenue compared to RM8.7 million previously, an increase of 78%. This was mainly due to higher external projects like SADA water treatment plant and PPR Ayer Hitam undertaken in quarter under review 2016, as compared to in 2015. However, profit contribution has decreased arising from early settlement of KUIN project financing.
2) Current financial year to date against the previous year corresponding period
For the current financial year to date, BDB recorded revenue of RM356.6 million compared to RM243.3 million in the same corresponding period of last year representing an increase of 47%. Similarly, COMPANY profit increased by 28% to RM52.3 million compared to RM40.8 million last year.
The Property Division recorded higher revenue of RM213.0 million compared to RM107.0 million in 2015. Similarly, higher profit for the year compared to in 2015 mainly due to the higher sales performance of its properties and the land sales.
Road and Quarry Division recorded 9% higher revenue of RM111.5 million compared to RM102.6 million in the previous year. It was mainly due to third party project such as PROPEL road maintenance which was higher compared to last year. Similarly, this Division recorded higher profit of RM25.9 million as compared to RM24.6 million in 2015, an increase of 5%.
The Construction Division contributed slightly lower revenue of RM25.6 million compared to RM25.8 million in 2015. However, the Division recorded a lower profit of RM4.0 million compared to RM16.3 million in 2015, arising from early settlement of KUIN project financing.
3) Prospects for FY2017 (For COMING 1st Qr, 2nd Qr., 3rd Qr and 4th Qr.)
In spite of current economic conditions, BDB expects to turn in a respectable performance in 2017.
BDB’s core businesses are expected to record respectable performance for this financial year since the Group has sufficient land bank and projects in hand to provide sustainable revenue.
The Property Division would focus its launches on affordable segment and would only roll out higher range products on small scale basis. Besides the three existing townships, two more townships are expected to be launched by end of 2017. In addition, Kedah Holdings would also launch its Kuala Kangsar project before mid-year 2017. Those projects would allow Property Division to remain as a key contributor for revenue and profit for the BDB Group in 2017.
Profit contribution from Road and Quarry Division is expected to remain stable based on the demand for quarry products and the road pavement projects. The Division has also completed building a new premix plant targeted to commence operation in early 2017.
The Construction Division will continue to support the Property Division in developing current and future townships. The Division would also be focusing on two external key projects, namely PPR project in Ayer Hitam and SADA water treatment plant.
all received their dividend on 26/4/2017. If you did not, then maybe you should check on your entitlement especially whether you buy BDB before ex date.
still does not get interest from people. average volume less than 300k unit turnover daily. Not as exciting as penny stock, maybe. Hehe
Hope BDB will release 1Q report soon. Payment of debt by Kedah Govt to BDB shall be reflected in the report. Until then, this counter will remain quiet
THe price totally cant move. No catalysts to push the price up. I think the support level is at 0.665. Come to this counter after the announcement of their quarter result.
Ng Siew Lan, not looking good for this counter. I think the price is either stagnant or to drop further until this year end. My fren in Kedah said the property market there is not really good and i think BDB is suffering to clear their stocks. Chart shows downtrend.......Have to buy and keep this stocks for many years to come. Go invest in other counter better.
It takes 10 years to harvest the fruit.....The profit will come in 1 or 2 years later as BDB have to do a lot of infrastructruce work and reclamation. Will progress well in year 2018 onwards but not now.....
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....
hornbill
822 posts
Posted by hornbill > 2017-03-20 20:47 | Report Abuse
Collect bit 79.5 sen today.