Usually their AGM was held in Nov. Anyway, I found this announcement at bursa announcement :
Further to the Company's announcement made on 10 February 2014 in respect of the MOA between YFGE, a wholly-owned subsidiary of the Company and PT Impha in relation to the appointment of YFGE as the contractor by PT Impha to construct and build a 12MW Hydro Power Plant at Cimandiri, Lebak in the province of Banten, Indonesia (“the Proposed Project”), we wish to update Bursa Malaysia Securities Berhad that the design drawings of the Proposed Project is currently pending approval from the local authorities in Indonesia.
affordable. can trya bit. earnings per share too small to do any significantacrobatics. but new contract if approved ,will see this fly Technically.Thanks to those who dug up this Mummy.
I wanna buy at .115 but cannot. Nvm .120 enough. This stock has a huge upside. Easily can up 100% in months when the market realize the company's value
Yaa last Friday many people accumulate at 115. Slowly la...Going to shoot anytime. Strong turnover success story, look at the financials..should be shooting up anytime soon..I will hold until 30 cents. HUAT AH
Jackytheman, Sorry, do u mean u have 5,500,000 units ? How long have u been keeping? Got volume, but at 0.115 Haizzzzzz :( I waited for a few months oledi....
Posted by Cweed > Jun 1, 2014 01:40 PM | Report Abuse X
Usually their AGM was held in Nov. Anyway, I found this announcement at bursa announcement :
Further to the Company's announcement made on 10 February 2014 in respect of the MOA between YFGE, a wholly-owned subsidiary of the Company and PT Impha in relation to the appointment of YFGE as the contractor by PT Impha to construct and build a 12MW Hydro Power Plant at Cimandiri, Lebak in the province of Banten, Indonesia (“the Proposed Project”), we wish to update Bursa Malaysia Securities Berhad that the design drawings of the Proposed Project is currently pending approval from the local authorities in Indonesia.
per announcement YFG has awarded 432m (from mar13 to mar14). Accordingly the schedule at least 70% of the awards (300m++) to be recognised in FY14-Jun, but as at 3Q14 the total revenue only 121m…????...what is going on…...
Hope Jun14 result will shoot up…otherwise is another disappointment which is no good. And hope that the Indo project would come in soon....
First time for YFG. Hello. folks. Lim Chong Ling is the new MD of the company. Please see Focus paper July 12-18 2014.Weekly issue 084, Page 18. First time write up on YFG.
YFG: The integrated engineering and mechanical company which managed to turnaround for the financial year ended June 30 2012 with a net profit of rm1.25 million from a net loss of rm12.3 million in the previous year, has chartered commendable growth in the subsequent financial year.
After all the company turnaround is due mainly to disposal of non profitable subsidiaries and kitchen sinking exercise involving impairment and write off.
The company posted a higher net profit of rm4.6 million on the back of rm135.8 million revenue in FY2013. For the current financial year, it is also moving on the right track. In the nine months ended March 31 2014 it registered a higher net profit of rm1.6 million from rm901000 mainly due to higher revenue of rm121.8 million and a gain of disposal of a subsidiary.
While it has performed well over the past two years, its profit margins are low.
In Aug 2013, it had bagged a rm256 million from Palikota Sdn Bhd for a high rise development in Sabah, making its first move to diversify from its mainstay E&M business, which accounted for 90% of its revenue.
It had subsequently secured a rm42.4 million contract to undertake a mixed commercial development cum bus terminal in KK.
It is also diversifying into property development.
Near future expansion plans include growing its recurring income business and businesses related to renewable to renewable energy and hospitality. It aims to grow its order book for its renewable energy business.
Currently (July 2014), it has an order book in excess of rm550 million.
Its cash and cash balances stood at rm2 million as at March 31 2014 and operation cash deficit of rm17.6 million for the nine months just ended.
It has total borrowings of rm29.7 million as at March 31 2014 while its accumulated losses stood at rm22.6 million.
General Technology Sdn Bhd in which YFG director Lim Choong Yik is related to, surfaced as YFG’s substantial shareholder with a 9.60% stake on Sept 2013. Choong Yik has a direct stake of 1.64% stake and indirect stake of 0.49% in YFG.
Sine the new shareholders emerged in the company, it has ceased all overseas to focus on the domestic market.
The company is bidding for some rm800 million worth of bids comprises E&M projects.
In May 2014, it was awarded a rm32 million MRT contract for the Sungai Buloh depot. It has also a rm110 million engineering procurement and construction job in hand to build a 13MW biomass renewable energy plant in Bera, Paahng.
That's not good. Warrant expiry is in 3/2016 which is less than 2 years to go. Does this mean that the Directors do not expect the mother shares to perform?
Indonesia new prime minister just successfuly to win the election, it is a good new to any foreign company who doing bussiness in indonesia. Further of this, YFG is the most cheapest construction compony in term of share price in malaysia. I can't see why market iwill ignoring its potential.
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 3141 views | 3 d ago
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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....
Cweed
2,262 posts
Posted by Cweed > 2014-05-18 06:59 | Report Abuse
Kambing means coming lol!!! Kikiki!