Posted by Woody > 2017-10-30 14:20 | Report Abuse

Yeah... thank you

Posted by excelyou > 2017-10-30 17:07 | Report Abuse

Fajarbaru will likely to get RM8.9 billion Gemas-Johor double tracking and electrification project.

TWO big ticket projects that will provide a major boost and a new source of contracts for the local construction sector will likely be the RM8.9 bil Gemas-Johor Baru double tracking line, as well as the RM55bil East Coast Rail Link (ECRL) project.

Industry sources have indicated that packages for the 197km Gemas-Johor Baru double tracking project are set to be announced within the next two months, with the aim of completing it by 2020.

Posted by Woody > 2017-10-30 19:17 | Report Abuse

Yeah.. good info, thank you.

Posted by excelyou > 2017-10-30 20:42 | Report Abuse

FAJARBARU EYES ECRL

KUALA LUMPUR: Fajarbaru, which has received its trackwork machinery, is eyeing for more railway tracks maintenance works.

In a statement, Fajarbaru said it received the track work machinery to be used for railway rehabilitation works from China Jiangsu KTK Locomotive and Rolling Stocks Co. Ltd and Gemac Engineering Machinery Co. Ltd. The handover ceremony was witnessed by the Transport Minister Datuk Seri Liow Tiong Lai.

Fajarbaru Builder Group Bhd executive director Eric Kuan Khian Leng said: “This is a historical and proud moment for Fajabaru, as we have ordered some RM50mil worth of trackwork machinery, and they have arrived at our project site here in Kuala Lipis, Pahang.

“This marks the beginning of a transformation and further development for the company in the rail business,” Kuan said.

Kuan said the machinery were ordered for its rail project that has a value of more than RM250mil, known as the rehabilitation of track formation, replacement of ballast and
associated works between Jerantut, Pahang and Gua Musang Railway Station, Kelantan (Package B) that was awarded in 2016.

“By possessing these machines, this also makes Fajarbaru as one of the few private organisations to own such equipment, giving us a significant competitive advantage in the bidding of new construction and maintenance jobs for rail-related projects in the future,” he added.

There is more than 2,200km of railway tracks in Malaysia, of which Keretapi Tanah Melayu Bhd (KTMB) owns more than 80% of it.

“In view of some RM50bil has gone into rail-related infrastructure projects in the last five years, and Malaysia is poised to spend a further RM80bil at least in the next years, we hope that with these machines in hand, both KTMB and Fajarbaru can tap into each other’s expertise and capitalise on the synergistic competencies to keep the rail network well maintained,” Kuan said.

“We are definitely eyeing the potential of a huge maintenance contract that comes with the vast spending on rail-related jobs. The spree of rail related infrastructure projects that were announced in the last few months, being the most recent – 688-km East Coast Rail Link, are all the potential projects.

“The machinery that we received today have a shell life of at least 20 years, which means after the completion of the project in Pahang, we can deploy it for other usage,” Kuan added.

Posted by buyfreedom > 2017-10-30 21:42 | Report Abuse

OUTLOOK & PROSPECTS
The Malaysian economy registered a robust growth of 5.7% in the first half of 2017, driven by domestic demand and
export growth. The global economy is also expected to improve mildly in 2017 and 2018, supported by an increase in
trade, industrial production and manufacturing, accompanied by firming commodity prices.
Nevertheless, our construction business will continue to expand through financial year 2018, driven by our current
orderbook of approximately RM400.0 million. Besides that, we believe that we are in good position to be awarded some
of the rail construction jobs, after having completed various rail-related projects, such as Double-Track (Seremban-
Gemas), LRT stations and Depot. In addition, our Group has invested into the latest trackwork machineries which are
capable of constructing and maintaining railway tracks and such services are only provided by a limited number of
companies.
On the property development landscape, the Malaysian property market is expected to remain challenging with a
modest domestic economic growth and stringent financial lending conditions. However, the property market should be
sustained due to various property-related incentives and accommodative monetary policy of the Government. Going
forward, the Group will focus on promoting our Rica Residence @ Sentul and Paragon – Australia’s first high-rise indoor
forest development in Melbourne. Our Rica Residence @ Kinrara, a 5 blocks condominium comprising of between 14
storeys to 32 storeys each and located in Puchong which is serviced by LRT, LDP and Kesas highway. The Group
plans to launch the project by 2018.
Furthermore, we have a total of approximately 145 acres of landbank. The demand for residential property in urban and
strategically located areas will be sustained, in light of the upcoming developments of public transportation systems
as well as the construction of new highways. The Group will continue to focus on developing residential properties for
the middle and upper-middle income market in urban and well-connected areas.
For timber industry, backed by the positive outlook in global production, increased consumer confidence and improved
economies in Asia, the prospects is indeed bright. With the stable average prices of timber products, the logging and
timber trading segment will continue to generate significant revenue to the Group.

From Chairman Statement of the Annual Report 2017.

Posted by pretty_life > 2017-10-30 21:55 | Report Abuse

Rm 1 coming back

Posted by bullmoney > 2017-10-30 22:41 | Report Abuse

Shareholders alot fund house in already . Kwap too. Good sign. Go go go

Posted by ramjie56 > 2017-10-31 13:02 | Report Abuse

ayo yo. sudah slow down ka ?

Posted by Max2838 > 2017-10-31 22:52 | Report Abuse

A need to convince Directors & Mgrs not to dispose off their ESOS share options and diluting total shares. They need to exude confidence & loyalty to stay invested as options do not expire until 2019. To trade and to take small, short-termed profits is simply miserable for Directors.
The AGM is on 30 Nov... if not interested in growing company, pls don't ask to be re-elected...

Posted by humbleisland > 2017-11-01 15:53 | Report Abuse

What's the take on this company? Good time to enter? Wait for a catalyst? Reports seem to indicate that the company is now considered a serious construction player and is in a position to bag certain rail type contracts.

Posted by humbleisland > 2017-11-01 17:39 | Report Abuse

And the source for the OTB buy in is?

Posted by GGecko > 2017-11-02 09:34 | Report Abuse

FAJAR's moving towards RM1 again

Posted by lcng123 > 2017-11-02 09:38 | Report Abuse

good news announce ?

Posted by pretty_life > 2017-11-02 09:42 | Report Abuse

Normal news ESOS buying now

Posted by azrylamyr > 2017-11-02 09:49 | Report Abuse

breakout

Posted by excelyou > 2017-11-02 11:11 | Report Abuse

Fajarbaru hopes of LRT 3 job win and higher earnings from logging business.

The LRT 3 contracts awarded to some listed companies yesterday raise speculations of company bagging one soon," says fund manager at local brokerage.


Fajarbaru, which conducted fund manager briefing on 2017, could also win infrastructure jobs like East Coast Rail Line and Gemas-Johor Bahru double-tracking project.

Adds, "their timber division expected to support near term earnings on new concession.

Posted by Kimmy > 2017-11-02 23:52 | Report Abuse

Nice momentum. Good sign.

Posted by speedlikecy > 2017-11-03 09:06 | Report Abuse

Fajarbaru may climb higher, says RHB Retail Research

Posted by speedlikecy > 2017-11-03 09:06 | Report Abuse

http://www.klsescreener.com/v2/news/view/301643

Posted by Steven8882 > 2017-11-03 09:17 | Report Abuse

Good..

Posted by addison25 > 2017-11-03 09:26 | Report Abuse

See you at RM1 :)

“A bullish bias may appear above the 92 sen level, with an exit set below the 84 sen threshold.

“Towards the upside, the immediate resistance level is at RM1.01. This is followed by the RM1.20 level,” it said.

Posted by Hitman > 2017-11-03 09:29 | Report Abuse

longterm FAJAR could be range RM2-RM3

Posted by excelyou > 2017-11-03 12:20 | Report Abuse

Fajarbaru rises 1.06% on positive technicals

By Surin Murugiah | 2017-11-03 09:35:15
KUALA LUMPUR (Nov 3): Fajarbaru Builder Group Bhd shares rose 1.06% this morning following a positive technical outlook for the stock.

At 9.16am, Fajarbaru gained 1 sen to 95 sen with 173,800 shares traded.

RHB Retail Research said Fajarbaru Builder Group Bhd may climb higher after forming a white candle and hitting its highest close in more than two months.

In a trading stocks note today, the research house said an upward momentum may persist after it breached above the downtrend line drawn in the chart.

“A bullish bias may appear above the 92 sen level, with an exit set below the 84 sen threshold.

“Towards the upside, the immediate resistance level is at RM1.01. This is followed by the RM1.20 level,” it said.

Posted by excelyou > 2017-11-03 12:34 | Report Abuse

PLENTY OF CONTRACTS COMING FOR FAJARBARU.



RM350b worth of jobs to come on stream by 2020 — MBAM

By Neily Syafiqah Eusoff | 2017-11-03 10:37:55

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) expects some RM350 billion worth of construction projects to be implemented in the next two to three years, following the tabling of Budget 2018 last Friday.

Under the proposed budget the government had allocated about RM48 billion for new development projects, said MBAM president Foo Chek Lee.

The total comes to RM350 billion when combined with some RM300 billion worth of projects that are ongoing or will be implemented, like the mass rapid transit (MRT) Line 3, the East Coast Rail Link and other projects that have been announced, he said.

“The government understands that the construction industry will stimulate the economy of the country. The industry is expected to grow by 7.5% next year ... it will be very busy, with numerous projects in the pipeline,” he told reporters on the sidelines of the inaugural MBAM Building and Construction Conference yesterday.

Themed “Technology Advancement with Stakeholders Collaboration”, the conference discussed the importance of Industrialised Building System (IBS) and productivity, with the aim of driving the local construction industry forward. The conference is co-organised by MBAM and the Construction Industry Development Board Malaysia.

“MBAM strongly supports the government’s policy to push for IBS [adoption] in order to increase our productivity, efficiency and of course to reduce our reliance on foreign workers,” he said.

However, Foo is hoping for a 5% reduction in import duty, from about 30% currently, for heavy construction machinery, to promote the production and installation of IBS components.

“We are hoping this import duty for heavy machinery be reduced, although the government is providing some grant for those purchasing the equipment now. The [reduction] will reduce initial capital cost for machinery and encourage the use of IBS here, to be aligned with our Asean neighbours,” he said.

“Budget 2018 is very positive, as far as the construction industry is concerned. We support the government’s budget allocation, especially on the 240,600 units of government housing under various public housing plans and 10,000 units of public housing for police staff, 210,000 housing units under PR1MA and upgrading of airports that will spur the construction industry,” he added.

Foo said the government is also pushing ahead with few projects such as the Sungai Buloh-Serdang-Putrajaya MRT Line 2, MRT Line 3 or the Circle Line, the Kuala Lumpur-Singapore High-Speed Rail and the West Coast Highway from Banting, Selangor to Taiping, Perak.

To keep up, the local construction industry will have to evolve, he said.

“It is timely for the industry to upgrade the construction approach from the traditional approaches to more modern practice. We need to change our mindset; we need to adapt to technology [changes] in order to stay competitive and move forward, or else we will be left behind by other players in neighbouring countries,” Foo said.

“The construction industry has not transformed much in terms of technology or approach and still depends on traditional approaches, with a heavy reliance on foreign labour,” he added

Posted by k6ii > 2017-11-03 14:56 | Report Abuse

excelyou: thanks for good news..

Posted by excelyou > 2017-11-04 02:33 | Report Abuse

FAJARBARU - ANNUAL REPORT 2017, RELEASED ON 30 OCTOBER 2017


CURRENT YEAR PROSPECTS

The outlook on the construction industry is expected to remain positive over the next year with potential projects in the pipeline. The Board supports the proactive steps taken by management to ensure that the Group is able to deliver on its strategy to aggressively rebase its costs and ensure long-term sustainability of the business, thereby protecting and enhancing the value for its shareholders. It is expected to secure new contracts and generate reasonably profit margin in future. In addition to the current order book, the Group is actively involved in tendering of external contracts and aims to win the tender so as to raise the Group’s profile in civil engineering and construction industry. Thus, the Group is expecting a positive contribution to the performance of this segment for the coming years.

Going forward, we anticipate a stronger year for the Group in 2017/18 as more income shall be realised from our construction segment, particularly the rehabilitation of track project coupled with implementation of new projects secured, such as Link Road in Kuantan Port City, Refurbishment of Tenancy Area at KLIA Air Cargo Terminal 1, Underground Pipeline Foundation and Associated Works at KLIA2 Q Even Aircraft Parking Bay, Proposed Commercial Development in Semenyih, and Proposed Apron Line Marking, Access Road Connection, and Associated Works at KLIA. Thus far, we have tendered for several major contracts and, given our past experienced over the years, we are optimistic of continuing to shore up the order book in the financial year ending 30 June 2018.

On the property industry, the Property Development segment is expected to bring more contribution to the Group boosted by its aggressive marketing plans. The Group will continue to strive for excellence with an emphasis on delivering excellent customer services. The successful launch of the Group’s Rica Residence @ Sentul is a testament that there are demand for properties in prime locations with established amenities, connectivity and affordability priced.

On the oversea development, the Group has launched its second project called Paragon, Melbourne. The Paragon, with its prime location in the heart of the Melbourne Central Business District (“CBD”) has received overwhelming response from the public, as the Group is looking at achieving 90% take up rate by end of 2017. The revenue is expected to be generated by 2020.

Another segment which has generated significant revenue to the Group is the logging and timber trading segment. This segment will continue to generate significant contribution to the Group’s revenue, on the back of stable average prices of timber products.

Moving forward, the Group will continue to explore more business opportunities and is committed to continue capitalizing on its strengths to generate sustainable revenue from its existing and new businesses.

Posted by dalpinia > 2017-11-04 09:04 | Report Abuse

New GKent in making....will fly to rm2-3 soon

Posted by lcng123 > 2017-11-04 10:45 | Report Abuse

http://www.enanyang.my/news/20171104/%E6%98%9F%E8%BE%B0%E5%BB%BA%E7%AD%91%E4%B8%8A%E6%8C%91rm1-09%E6%95%8F%E6%BA%90/

Posted by TenMiles > 2017-11-05 21:34 | Report Abuse

https://klse.i3investor.com/blogs/TenMiles/137250.jsp

Posted by ming > 2017-11-06 02:06 | Report Abuse

Timber production increase 26.6% q-q or 64.4% y-y
Aus Property GardenHill still got 18.5% of GDV not recognize yet, approximate 40mil in term of revenue
If construction segment start contribute more then coming qr will be BIG surprise

Posted by buyfreedom > 2017-11-06 14:31 | Report Abuse

http://www.theedgemarkets.com/article/newsbreak-doubletracking-project-moving-again

Posted by dalpinia > 2017-11-06 17:09 | Report Abuse

The exact division of work between the three companies is not known. Channel checks reveal that Fajarbaru is conservatively expected to secure RM800 million to RM1 billion worth of work.

Posted by Ooi Teik Bee > 2017-11-06 17:26 | Report Abuse

According to broker write up, Fajar will get one of ECRL package.
Hopefully, it is a true news.

Thank you.
Ooi

Posted by k6ii > 2017-11-06 19:54 | Report Abuse

Which broker write up? able to share?

Posted by bleuerouge > 2017-11-06 22:57 | Report Abuse

preape to buy back during retracement.

Posted by Arlong > 2017-11-07 15:20 | Report Abuse

Hopefully the railing project news will announce soon. gogogo Fajar

Posted by bleuerouge > 2017-11-07 22:52 | Report Abuse

lets see if can rebound, if break down further from 93.5c, next stop maybe around 90c.

Posted by Ooi Teik Bee > 2017-11-07 22:59 | Report Abuse

According to the Edge, Fajarbaru and YTL Corp will likely get RM 8.9 billion Gemas-Johor Bahru double-tracking and electrification project.

Fajar will get a package of ECRL.
Wait for announcement in Dec 2017.

Moreover, the FA of Fajar is very good.
TA - Very strong uptrend. Please read your technical chart.
No worry, hold tight.

Thank you.
Ooi

Posted by Bigbull99 > 2017-11-07 23:46 | Report Abuse

Wow OTB appear in Fajar. Sure or not OTB they will get a package mid December? Why dropped so much lately?

Posted by mike90 > 2017-11-07 23:49 | Report Abuse

Sifu pick in gamuda we already go holland, now Fajar turn?

Posted by Ooi Teik Bee > 2017-11-08 00:07 | Report Abuse

Buying Gamuda-WE at < 0.50, present price is 1.16, ROI is still > 132%.
Anything wrong with this stock selection.
Please talk with facts and figures.
Thank you.
Ooi

Posted by Tom > 2017-11-08 00:13 | Report Abuse

About gamuda-we....Yes u are but not ur subscribers....ur subscribers just got peanut skin.....


Posted by Ooi Teik Bee > Nov 8, 2017 12:03 AM | Report Abuse

Buying Gamuda-WE at < 0.50, I am still laughing all the way to the bank.
Please talk with facts and figures.
Thank you.
Ooi

Posted by mike90 > 2017-11-08 00:14 | Report Abuse

Ask subscriber how many gt burn?

Posted by Ooi Teik Bee > 2017-11-08 00:32 |

Post removed.Why?

Posted by meisarel > 2017-11-08 08:18 | Report Abuse

Wow..... big sifu OTB also in Fajar!!! Go go go Fajar!!!

Posted by k6ii > 2017-11-08 08:46 | Report Abuse

wow..big sifu...today the price must go up..else...drop more..

Posted by meisarel > 2017-11-08 09:07 | Report Abuse

Promising start

Posted by k6ii > 2017-11-08 09:16 | Report Abuse

today break 1 ke?

Posted by excelyou > 2017-11-08 09:24 | Report Abuse

OTB can’t be 100% correct. Share market is depend on timing, internal and external factors, EPS, shareholder behaviour and luck.

OTB use his best method to identify. Those agree with him, give me a LIKE. Those not agree with him, just pass.

Posted by itch > 2017-11-08 09:29 | Report Abuse

i give you a like excelyou...those who criticized should recommend some shares and proof your worth! OTB win ratio was always good!