look at the latest QR, timber revenue 37mil, but the profit was 33.7mil, record a 91% of margin. now the log timber output kept increasing... can't imagine the profit for the next quarter. the management should continue looking for more forest landbank as they proved this is profitable business since early 2015.
Fajarbaru gets RM22m contract to renovate Pos Malaysia’s KLIA parcel sortation centre
KUALA LUMPUR (Dec 12): Fajarbaru Builder Group Bhd secured a RM22.05 million contract from Pos Malaysia Bhd to renovate the latter’s Integrated Parcel Sortation Centre at Pos Malaysia International Hub at Kuala Lumpur International Airport.
In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary Fajarbaru Builder Sdn Bhd entered into a contract for renovation and fitting-out works with Pos Malaysia for the expansion, renovation and other associated works on the said parcel centre.
The contract, to be completed in eight months, is expected to contribute to the group’s earnings for the financial years ending June 30, 2018 (FY18) and June 30, 2019 (FY19).
Fajarbaru’s share price gained 0.5 sen or 0.59% to close at 84.5 sen today, giving it a market capitalisation of RM312.21 million.
Year-to-date, the counter has appreciated 55.05% from 54.5 sen on Dec 30 last year.
KUALA LUMPUR (Dec 14): AllianceDBS Research said Fajarbaru Builder Group Bhd (Fajar) had on Dec 13 traded higher to 86 sen before closing near the day’s high at 85.5 sen (up 1 sen or 1.18%). In its evening edtion yesterday, the research house said Fajar continued to stay below the 20-day (blue) and 50-day (red) moving average lines.
“Given the recent share price behaviour, the stock is likely to move between 82 sen and 86 sen in the coming few days. A crossover of 86 sen should see further price rise to the next overhead resistance zone, 89 sen – 91 sen. However, a fall below 82 sen would put pressure on the stock down to the subsequent support at 80 sen,” it said.
AllianceDBS Research said stock volume traded on Dec 13 was 550,000 shares compared to the 3-month average volume of 1.33 million shares. The research house said that indicators wise, the MACD was marginally below the 9-day moving average line with the sell signal remains intact. It said the relative strength index indicated that the stock was currently in a neutral zone.
got 1 master say 1 ohhh.....not me say fajar getting the mrt3 project. Furthermore, he says FA very good. I actually hearsay only la....dunno my friend go tipu me o not....
is it?...then my hearsay wrong loh.......but still political connected project la.... looking at the price action......dunno look like any of that project leh
really?? cut loss?? I thought he mentioned TA & FA very very good leh. Very hard can find such a good company with net cash wor......shouldn't it be buy more rather than cut loss?
wilson, what are you worry about? we all can't predict the log timber production capacity. november outout 35k, may be december will hit 50k. but for sure coming quarter log production capacity will break history record.
what CNY got to do with timber production? Not many Malaysian Chinese left can operate the chainsaws and bulldozers, only equipment they use now is their handphone...
i very wonder why Fajar is construction company, but all recent quarter profit significantly come from timber logging business, but construction segment... really hope they can get part of gemas-JB project
@wilsonchan87, most of the income from construction sector is start from Q4Y17. U may checked back the project status. The election is just around the corner, It will shooting up suddenly (Maybe is today).
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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....
lcng123
1,122 posts
Posted by lcng123 > 2017-11-28 10:11 | Report Abuse
Agreed with Max. The director Ooi Leng Chooi always disposed his share upon the exercise of ESOS. this guy do not show loyalty to the company.