They might be expecting many project, thats might be the reason on the recent private placement. For sure get some slice of cake from those big project HSR, LRT3.
excellent Q2 result. logging business contributed revenue 38.5mil and profit before tax 23.3mil, presented a 61% of profit margin. and finally construction has started a small profit.
lcng123, yes. agreed! the profitability of the company has increased tremendously for the last 2 Quarters. with the logging business foresee to continue contribute significantly into their profit for the next 5 years. which is very healthy for an investor point of view. I am very happy to be holding on to it till now =)
also, the report did mentioned Australia property is already 80% completion. which means in few months time, they should be able to claim the money from the banks and recognise the profit into their balance sheet.
hope the management will continue to look for more and more logging area in the future. as the hard log and soft log international price keep going up, logging business will continue contribute huge profit to the group in coming quarters.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3456 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
martinbartesque
1,547 posts
Posted by martinbartesque > 2016-01-08 21:49 | Report Abuse
Has 69% buying rate today. Good sign