You may just buy 1st before it spike up.... index drop so much and this stock is hold. base on my experience... something should happen. before next Wednesday,.. this stock should be push up...
Eventhough different industry, what makes Priva looks more attractive? Priva revenue = RM73.3 M, Priva Profit = RM6.8 M, Shares issued = 558 M Fajar revenue = RM323 M, Fajar Profit = RM2.0 M, Shares issued = 329 M
Oh, so the movement today is due to the dividend. A bonus to those who had bought earlier. This counter has been on a downturn and in a coma since more than 3 years ago. But it looks like having found a bottom at 0.36.
fajar's log & timber business starts contribute profit to the group. latest quarter contribute revenue 12.4mil and profit before tax 2.6mil. annualised will be 49.6mil and 10.4mil respectively. deduct 25% tax, net profit will be 7.8mil, it turn to eps 2.4sen (log and timber business only). furthermore, property development will start contribute profit to the group in next coming 2 to 3 quarters. so time to collect fajar now.
fajar did very well in logs production business. the section will continue contribute positively to the group in next 5 years. the property in australia has achieved 80% sales, and the construction will start on early sept 2015. property projects in puchong and sentul will also be start end of 2015 and early 2016 respectively.
i felt disappointed when fajar declared their involvement in logging business last year. further disappointed me when look at fajar's financial result where they didn't perform well in their construction sector and property development sector. these 2 factors caused me sold out all my stake in fajar in july and august last year. but last 2 months, when fajar released their final quarter result, even loss, i really surprised when noticed that their logging business perform very well. from that time, i started accumulate fajar. from 35sen.
if you look at their monthly production output, the logs output was increased 26% from 2015Q4 (Apr-Jun) from 50,573 m3 to 63,927 m3. with the current market of logs around usd280 per m3, it turn to revenue of usd17.9mil = rm75mil. if margin 30%, profit = rm22.5mil, eps 6.8sen (logs business only)
don't worry about the business, fajar has acquired 500 acres logging area in pahang as stated on 9 oct. more and more logging area will be acquire soon. let see.
I have accumulated enough mother share. bought warrant at 13 sen today. intend to accumulate more warrant if price further drop until the financial result out.
agreed with invest1188. this is why i accumulated this share recently. although construction is core business, but timber and property business will gain higher profit.
it is time to look into this company, timber company like ta ann announced better results, fajar timber company profit will be higher than its construction, last quarter already shown but overall profit writedown by property, coming quarters will be very good
Another segment which expected to generate significant revenue to the Group is the logging and timber trading segment. This segment has contributed substantially and will continue to make momentous contribution to the Group’s revenue over the next five years.
Fajar, u mean can cut the trees endlessly for the next five years?
Then, I shall keep for 5 years
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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....
speakup
26,827 posts
Posted by speakup > 2015-03-05 17:30 | Report Abuse
fajar something brewing?