Dark cloud coming.Zecon no Ong.60 over cent always bad luck.Recommend sell.May testing lower end 40 cent(Best case scenario).Monthly overbought and weekly(hooking down)overbought a while.
Sell Zecon.Already 4 times up from 15 cents-70 cents.Please read;
Posted by Michael Kwok > Feb 12, 2020 10:31 PM | Report Abuse X(63 cents)
Dark cloud coming.Zecon no Ong.60 over cent always bad luck.Recommend sell.May testing lower end 40 cent(Best case scenario).Monthly overbought and weekly(hooking down)overbought a while.
Zecon berhad. Riding on sarawak growth and sarawak government capex. 9mth cumulative earning = 30 cents
NTA 1.8
Before any prominent investor come and goreng and take position, can buy in and hold
Target year end total eps = 35 cents PE x 6 = RM 2.10 PEx 10 = Rm 3.50
Capital gain potential = 400%
Expecting a bonus special dividend on 4th quarter year end result ( August )
Zecon revenue and profit contributor from 2 sector
1. Pan borneo highway construction concession
2. Ukm - hospital pakar kanak kanak concession
Solid government contract at hand
We can foresee ZECON next 1 year revenue contribution from concession to maintain earning, any extra concession project in sarawak will further boost zecon botton line earning.
By theedgemarkets.com | 2020-07-21 12:16:41 KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.
The Sarawak-based construction and property firm had announced on Feb 28 that it was planning to raise between RM19.4 million and RM46.1 million via a renounceable rights issue of up to 576.4 million of irredeemable convertible preference shares (ICPS) at an issue price of 8 sen each and a conversion rate of 16 sen.
Under the corporate exercise, each shareholder who already owns one Zecon share will receive four ICPS shares.
In a statement today, Zecon said its shareholders unanimously passed the resolution at the extraordinary general meeting on July 17.
Proceeds from the rights issue will be spent on working capital, to repay bank borrowings and for listing expenses.
"The rights issue of the ICPS augurs well for the company as it would further stimulate cash flow which in turn would further boost Zecon's net profit," said Zecon.
Zecon saw its net profit jump 59.7% year-on-year (y-o-y) to RM9.15 million in its third financial quarter ended March 31, 2020, mainly contributed by the Hospital Kanak-Kanak Universiti Kebangsaan Malaysia and the Pan Borneo projects.
Revenue for the quarter was up 26.9% y-o-y to RM143.1 million. For the nine-month period, the group registered a net profit of RM43.18 million compared with a net loss of RM8.76 million a year ago.
At 11.46am, Zecon shares were up 0.5 sen or 0.96% at 52.5 sen, bringing a market capitalisation of RM75.66 million. A total of 83,600 shares were traded.
2021 Budget: Government to proceed with HSR project By New Straits Times - November 6, 2020 @ 8:20pm https://www.nst.com.my/news/nation/2020/11/638836/2021-budget-government-proceed-hsr-project KUALA LUMPUR: The government will proceed with the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in tabling the 2021 Budget in the Dewan Rakyat today, however said the implementation of the project was subject to discussions with Singapore. "The government will continue the HSR project as this project is expected to generate a positive multiplier effect to the country's economy," he said.
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....
imvu
7,888 posts
Posted by imvu > 2020-02-14 10:18 | Report Abuse
0.700