OUTLOOK AND PROSPECT 1。For the year of 2015, the economy advanced by 5.0%. The outlook of the local construction industry remains attractive on the back of the continued government development policies that gives strong emphasis on a slew of projects to help accelerate the growth of the country economy.
2。As at 31st December 2015, the Group recorded a total of RM534.28 million unbilled construction order book.
PSIPTEK remains committed and focused in its core business. The Group has successfully secured a total of RM326.25 million contracts during the financial year and PSIPTEK is confident in securing some potential construction projects in the coming future.
3。PSIPTEK maintains optimistic of its property development division especially the demand of medium cost properties in Klang Valey, Penang and Johore is still strong.
4。PSIPTEK is placing more emphasis towards the current demand for the “Gated and Guarded” concept, affordable pricing homes, eco friendly building materials and harmony living environment.
Our landmark project, the highly acclaimed residential project at Puncak 7, Shah Alam, with the overwhelming hilltop view of the entire city has created the right aspiration and interest of property connoisseurs. Besides, the demand of the mixed development properties developed by our subsidiary in Ayutthaya, Thailand has been very encouraging. As at 31st December 2015, PSIPTEK’s future property development projects to be launched in Malaysia and overseas market worth approximately RM547.22 million.
Property - Future Property Development Projects。
5。“As at 31st December 2015, the Group’s future property development projects to be launched in Malaysia and overseas market worth approximately RM547.22 million.“ sourcing from Annual Report 2015. PSIPTEK current project Puncak 7 in Shah Alam Seksyen 7 is overwhelming with estimated GDV of RM180million, full take up rate, expected completion date of February 2018. (FY2017 财政年-爆发净利)
6。*In future, PSIPTEK is expected to launch the property developed in Sri Gombak, Penang Batu Feringhi, Prins Bay and Thailand market with total GDV worth RM547million.
Construction: RM534million – RM122mil (figures from Q3 FYE2016) = RM412mil
7。The above figure has not added any contracts secured during year 2016. Historically the contract awarded in year 2015 is RM326.25 million. Expected the contract awarded in year 2016 to be in par with year 2015.
One-off Item Recorded in Q4 FYE2015. 8.PSIPTEK recorded a loss before taxation of RM1.17mil in Q4 FYE2015 due to written off of the damaged and obsolete machinery and equipment of RM3.03 million. With the normalise adjustment, the Group could have reported a gain of RM1.86mil which is in par with the past three quarter results. http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7145
9。THE director’s confidence in PSIPTEK Acquisition of shares. The directors have acquired a lump sum of 83 mil shares priced at 18 cents. Waiting the Intrinsic Share Price Value to reflect for them to realise their capital gain.
Asset - Landbank 10。PSIPTEK has over 100 acres of undeveloped landbank, mainly in the Klang Valley. This form partial of the NTA of RM0.57. The NTA is at 78.07% discounted as per current closing price of RM0.125 ONLY. (超过55%-60% of The NTA,只是少少的40% of The NTA, PSIPTEK 的价位至少值22.5 cent )
Forecast EPS for FYE2016 will be ranged at 1.8cents. 11。The share should be priced at PE of 11-15 at 20 cent – 25 cent (目前的PE at 9.69x) Bear in mind, PSIPTEK has been profitable for 6 consecutive years.
Chinese currency has appreciated less than most against dollar Fall against trade-weighted basket boosts competitiveness
Here's How China Got Its Yuan in a Sweet Spot China has got the yuan in a sweet spot.
The nation’s authorities have let the currency rise enough against the U.S. dollar to put a spanner in President Donald Trump’s assertion that China deliberately undervalues its exchange rate. At the same time, it has weakened against a trade-weighted basket of currencies, giving China a competitive edge in exports.
This “honeymoon” for the yuan will likely last in the near term as the dollar continues to weaken before the outlook for U.S. fiscal stimulus clarifies, according to Zhong Zhengsheng, managing director of Beijing-based research firm CEBM Group Ltd. “The most likely scenario is that the yuan will remain stable or rally against the dollar, while it silently depreciates versus a basket of exchange rates,” he wrote in a Feb. 6 note.
China’s typical stance during periods of a weakening dollar -- letting the yuan strengthen against the greenback, though less than its peers -- has extra significance now because of Trump’s threats to label the country a currency manipulator. Earlier this month, the president’s pick as ambassador to China, Terry Branstad, said the yuan has been stronger than Trump anticipated.
Trump administration officials’ comments so far offer little clarity on whether China will officially be dubbed as a currency manipulator in the Treasury Department’s semiannual foreign-exchange report, due in April.
The yuan has gained about 1 percent against the U.S. dollar since the start of the year, following a drop of about 4 percent in the fourth quarter. American officials focus on the yuan’s performance against the dollar rather than the currency basket as they look at U.S.-China trade, which is settled in dollars or yuan, said Standard Chartered Plc foreign-exchange strategist Eddie Cheung.
The yuan’s rise against the dollar pales with major emerging market currencies such as the Korean won, which leads the pack with a year-to-date gain of 5.3 percent. It was a different story in the fourth quarter, when the dollar enjoyed broad strength against most currencies. The won slid 8.8 percent over those three months.
The won was among the additions to the yuan’s trade-weighted currency basket at the start of this year. The revamp changed the makeup of the reference group, which now has a lesser weighting for the dollar. A Bloomberg replica version of the CFETS RMB Index has fallen 1.2 percent since the year began, even as the yuan rose against the dollar.
More on the currency basket: China downgrades dollar’s prominence
For the next several weeks, the yuan may enjoy a run of stability in the run-up to the annual gathering of the nation’s legislature in March, according to Standard Chartered’s Cheung.
“Policy makers will try to prevent large volatility in the yuan in February and March, because they wouldn’t want the currency to be the market’s focus during the National People’s Congress,” Cheung said.
buying share like playing slot machine. When people loss in the slot machine, is your opportunity to win the game slot. hope more seller dump the share, than win the game
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....
christophertopher
614 posts
Posted by christophertopher > 2017-01-14 21:53 | Report Abuse
I Q at rm0.01.
Pls ask ALL DIRECTORS SELL TO ME!
(可以发到梦,我就满意了)