ha ha good. But I think Melbourne accounting practice is book in profit AFTER completion (instead of progress billing in Malaysia). So the profit should come in lumpy and also will take some time
interesting. Just imagine when that happens, lumpy Melbourne profit will boast overall profit to strastotropic level. Many people will get excited. Should result in price spike
Icon 8888 and Brickbuilder I agreed with you guys totally,based on your infor.I am confident it will surge very soon I bought a lot warrant last week Will continue to collect more next week. To me I think 60 cents for warrant is a piece of cake base on their profis and contracts and the big double track contract coming soon!! Good luck guys and prosper together By the way thanks Icon 8888 for sharing your analysis on Fajar. Its very factual.
this Chi Pet is a day trader .Chow..... chi is in many forum .She?? would make the same statement to get people to buy so she can sell. Really chow.........c.. pet . She appeared in Eka noodles , luster industries and other speculative counters.
I believe all the way but still the time not come yet... because resistance 0.62 seems to be hard to break... like i said before, i will believe when the stock successfully break 0.62. Then i initiate buy back...
If tomorrow/this week, "breakaway gap" at at least 0.63 successfully and not closing the gap, then it is only cheers for me. Besausw i tired of many attempt to break it, but failed. It already 6/7 times attempt. Maybe brickbuilders agree with me? We wilk jump in again after succesfully break 0.62. However, like i say, if successfully breakaway gap at 0.63, i will definitely join in back.
I think this quarter result will be good, at least higher compared Q to Q. but may not be higher than the previous quarter due to the number of logs was lower compared with the previous quarter. Well, hopefully revenues and profits from other segments could help to push up those figures. Having said so, I am positive for fajar future earning especially with PE will be improved as earning should be increasing.
Please note Tender for double tracking is launching soon Read today star paper Fajar is leading the consortium with China railway and Fajar CEO is MCA man and contract is from transport ministry and China railway is committed to bandar Malaysia Put 2 and 2 together Fajar get double tracking contract that is worth billions!!!!
The Board of Directors of Fajarbaru Builder Group Bhd ("FBG" or "the Company") wishes to announce that the Company had on 26 May 2016 entered into a Sale and Purchase of Shares Agreement (“SPSA”) to acquire 20,000 ordinary shares of RM1.00 each (“Shares”) in Akokaya Sdn. Bhd. (Company No. 657511-P) (“AKSB”) representing 20% of the total issued and paid up capital in AKSB from the unrelated party, Dato’ Sri Lim Ah Chap (“Seller”) for a total cash consideration of RM20,000.00 (Ringgit Malaysia Twenty Thousand only) (“the said Consideration”) (“the said Acquisition”).
Please refer to the attachment for further details of announcement.
Result Not GOOD! construction division slow down due to project almost end. Income mainly from Timber sales. Property planned since 2 years back until now still haven kick start. Management mentioned in Q report will b a challenging year. BYE BYE fajar. C u next time.
Q3 result as expected, which is better compared to Q3 15 but lower compared with Q2 16. PE ratio has improved a lot and I believe FJ in coming quarters will deliver much better result as timber business continue generating good profit based on the timber production released is said to be about 20k cubic meter.
This quarter had a lower timber production February month due to CNY holiday. Also, report mentioned that Melbourne project is scheduled to complete end of the year which will definitely further enhance both its revenue and profits in FYP 2017 as development in Melbourne can only be locked in after completion! Overall, I'm happy with FJ performance this quarter!
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Posted by Invest1188 > 2016-05-05 21:03 | Report Abuse
More to come, be patient