Posted by B4b4 > 2017-06-14 10:35 | Report Abuse

Have been monitoring this counter for a long time. Wanting to buy cheap. But the share price refuse to come down. Today I decided to buy in for long term hold.

Posted by Ismylife73 > 2017-06-14 15:41 | Report Abuse

B4b4 its a good stock. Can hold it for long

Posted by B4b4 > 2017-06-14 17:24 | Report Abuse

Ismylife73, hi. I have seeked the advice of my sifu friends, they told me to buy and no worries. I have also check the accounts and their businesses, and waited so long to buy cheap. The share price just cannot go down. So , buy take sellers, and keep in my locker.

Posted by B4b4 > 2017-06-15 08:47 | Report Abuse

Oil prices dropped badly . Construction will have higher profit margin

Posted by Apollo Ang > 2017-06-15 08:50 | Report Abuse

oil down badly, govt contracts can be delayed or cancel better beware of construction

Posted by B4b4 > 2017-06-15 09:24 | Report Abuse

Low costs housing is a must for the Rakyat, sir , at all times. So no worry. Furthermore , the election coming soon.

Posted by Ismylife73 > 2017-06-16 14:28 | Report Abuse

Start moving

Posted by Crazy11223 > 2017-06-17 17:54 | Report Abuse

Future RM3

Posted by carilembu > 2017-06-17 19:41 | Report Abuse

Future RM3? Sure or not. I thought RM30.. Now only 0.17. Wah can be millionaire lah.

Posted by B4b4 > 2017-06-19 09:30 | Report Abuse

Wow, today suddenly awake

Posted by B4b4 > 2017-06-19 09:32 | Report Abuse

NTA 59 s, making profit almost every Qtr results. Mmmmm , something is brewing here

Posted by Crazy11223 > 2017-06-19 17:39 | Report Abuse

Yes la, RM30000x10000=3000000000

Posted by B4b4 > 2017-06-20 11:55 | Report Abuse

Patience guys, just relaxs and no worries. The past records for Prinsiptek is good, always make profit.

Posted by BILLC > 2017-06-20 12:29 | Report Abuse

Back to 10 Sen soon,just like able!

Posted by albertwarrior > 2017-06-20 16:43 | Report Abuse

Big one is buying in big quantity of shares.

Posted by albertwarrior > 2017-06-20 16:45 | Report Abuse

Will stay around the figure before fry the share price up.

Posted by Vivoforever > 2017-06-24 15:20 | Report Abuse

The stock in a down trend better sell it

Posted by Vivoforever > 2017-06-28 11:55 | Report Abuse

Run

Posted by Crazy11223 > 2017-06-28 13:32 | Report Abuse

Oming 0.70

Posted by Vivoforever > 2017-06-28 15:17 | Report Abuse

0.70? no way babe no way. Run before it hit 0.16 support

Posted by TrippleZ > 2017-06-28 15:20 | Report Abuse

Very true, vivoforever.

Posted by Runnn > 2017-06-29 00:30 | Report Abuse

The Edge

IT was quite a busy year for the local construction sector in 2016 due to strong job flows from mega infrastructure projects, including the Pan Borneo Highway and Mass Rapid Transit Line 2.

While most construction stocks shone last year, Prinsiptek Corp Bhd, a small-cap home builder and developer, did not gain traction with investors until early this year.

The stock, which has risen 65% year to date, closed at 16.5 sen last Thursday, giving the company a market capitalisation of RM52.3 million. It is trading at a trailing 12-month price-earnings ratio of 17.5 times.

Prinsiptek managing director and founder Datuk Foo Chu Jong attributes the significant increase in the company’s share price in recent months to rising investor confidence.

“Many developers and some investors have visited our site in Puncak 7 (Prinsiptek’s residential project in Shah Alam). Some of them even bought units there. Our company’s share base is small, so it’s easier to grow,” he tells The Edge.

According to Foo, Prinsiptek has embraced the industrialised building system (IBS) to build affordable homes. “Building affordable homes with IBS is the way forward. Not only is it the future trend but it is also the correct and modern method of construction,” he says.

The 60-year-old is the major shareholder of Prinsiptek with 44% equity interest. He started his career in the construction industry in the early 1980s when he was involved in the development of commercial buildings, condominiums, hotels and housing estates.

Foo says many property developers are interested in Prinsiptek’s IBS pre-cast method, which enables the developer to meet the need for affordable homes much faster. “Our site in Puncak 7 is very clean and our workmanship is good because we are using full IBS — 100% prefabrication. I think it is an advantage that we got involved in IBS sooner rather than later because other players now have a [steeper] learning curve.”

Foo acknowledges that IBS adds to costs but in the long run, considering the rising wages and inflation, IBS is still the way forward as it means “less headache” for developers and construction companies. “Puncak 7 is a very successful full IBS pre-cast project. The speed of the job is faster and the site is cleaner. We use fewer foreign workers and the quality of work is higher,” he says.

Puncak 7 is Prinsiptek’s landmark project in Shah Alam. Phase 1 of the development, consisting of 211 units with a gross development value (GDV) of RM106.26 million, is almost 90% sold.

The launch of Phase 2, comprising 17 two-storey linked terraced houses, has been pushed to next year because of the slowdown in the property market, says Foo. However, he adds, the developer will go ahead with its plan to launch its Serdang Perdana project, which consists of 208 small office/home office units that will be built by the group’s construction arm. The single-phase project has an estimated GDV of RM60 million.

“We plan to launch this in the third quarter of the year. We are still waiting for some approvals from the authorities. Looking at the location, our sales should be very good,” Foo says.

Moving forward, Prinsiptek is open to more joint ventures (JVs) with landowners and property firms to build affordable homes. “We are talking to a few property developers, including some locally listed firms, to explore JV opportunities. Currently, we are eyeing a JV with a landowner in Kajang,” says Foo.

“We are also in talks with some government agencies to build more affordable homes.”

Prinsiptek owns 9.3 acres of freehold land in Gombak, Selangor, that was acquired in 2006 and has a net book value of RM1.545 million.

“We might build a mixture of affordable homes and other residential units in Gombak. There are other projects in the pipeline but both (Kajang and Gombak) are not for this year,” Foo says, adding that Prinsiptek is on the lookout for new land bank in the Klang Valley and Seremban.

Prinsiptek’s unbilled sales stand at RM469 million, which will be reflected in its financial results in the next two to three years. Its net profit more than doubled to RM4.33 million in its financial year ended Dec 31, 2016 (FY2016), from RM1.87 million the year before mainly due to the recognition of higher profit margin projects and better control of its operating expenses and finance costs.

Revenue, however, declined to RM208.02 million in FY2016 from RM239.28 million the year before due to the completion of construction and property projects in the Klang Valley.

Prinsiptek’s ongoing construction projects in Malaysia include TTDI Sentralis in Shah Alam and Penang Sentral. Its unbilled construction order book totals RM700 million and it is expected to keep the group busy for the next two to three years.

Foo says Prinsiptek has also bid for new projects worth a total of RM1.5 billion, including affordable homes and government jobs, to replenish its order book.

Posted by masterus > 2017-06-29 08:48 | Report Abuse

The Ringgit Is Easily Asia's Strongest Currency
By Y-Sing Liau and En Han Choong
June 29, 2017, 6:00 AM GMT+8
Samsung Asset buys banks, construction stocks before election
Benchmark index soared to a two-year high as earnings improved

Posted by masterus > 2017-06-29 11:32 | Report Abuse

Samsung Asset Management is buying Malaysian banking, property and construction stocks on bets the government will pump prime ahead of the election, according to Hong Kong-based fund manager Alan Richardson. Meanwhile, it’s paring technology and commodity-related holdings.
Read more at http://www.thestar.com.my/business/business-news/2017/06/29/the-ringgit-is-easily-asia-strongest-currency/#yYeiGEKBgwcldp2G.99

Posted by masterus > 2017-06-30 15:25 | Report Abuse

Crude oil prices to trade higher: Angel Commodities

Angel Commodities' commodity report on crude oil


WTI oil prices rose by 0.4 percent on Thursday to close at $44.9 per barrel extending crude's rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased concerns about deepening oversupply. In recent weeks, funds have been unloading long speculative positions, reducing bets on higher prices while brokerages including Goldman Sachs and Societe Generale have cut their 2017 forecasts for crude prices. SocGen on Thursday estimated U.S. crude futures would average $47.5 0 a barrel in the third quarter, down from previous expectations for $55. On the MCX, oil prices rose by 0.9 percent to close at Rs.2918 per barrel.

Outlook
We expect oil prices to trade higher today continuing its positive momentum from the previous trading session although oil inventories remain high and supply overhang continues to drive the story in oil markets. On the MCX, oil prices are expected to trade higher today, international markets are trading higher by 0.6 percent at $45.20 per barrel.
For all commodities report, click here

Posted by Vivoforever > 2017-07-03 10:34 | Report Abuse

Before its too late

Posted by Vivoforever > 2017-07-03 14:12 | Report Abuse

Better cut loss now

Posted by crawler > 2017-07-03 16:11 | Report Abuse

invisible hands collecting quietly

Posted by Vivoforever > 2017-07-03 18:38 | Report Abuse

Probably shark tats is collecting.

Posted by Crazy11223 > 2017-07-03 20:32 | Report Abuse

RM1

Posted by Vivoforever > 2017-07-04 02:26 | Report Abuse

Later time 0.70 now rm1.00? Are you kidding me babe?

Posted by crawler > 2017-07-05 13:37 | Report Abuse

No one selling??

Posted by masterus > 2017-07-05 16:32 | Report Abuse

This mean already lowest price 0.165 . May up slow and steady.

Posted by Vivoforever > 2017-07-05 17:28 | Report Abuse

Will drop again soon. But not much.

Posted by DickyMe > 2017-07-06 11:52 | Report Abuse

"Looiks Hehehe.... big Q at 155 n 160 is just to buying time for the price not to move quickly
10/03/2017 16:36

Looiks Hehehe... otherwise no chance for 'big fish' to enter low
10/03/2017 16:41"

Hehe..he..he..he...Kapitan Loo...iks! Still managing toilet(Loo)? After promoting Sumatec to noobs and making it in coma, you are now actively deploying same modus operandi in this counter..he..he..he..he..he..

There is a saying in Chinese "You can change the mountain but cannot change a man's character". Therefore once a conman always a conman.

Guys beware of Looiks, a stock promoter, who promotes dubious counter. Look at Sumatec, a lot of noobs stuck at high price..currently at 5 sen...Same modus operandi deployed in this counter.

Posted by kakashit > 2017-07-07 12:30 | Report Abuse

玩不过啦，看起来很便宜，不过10仙行使价的凭单会来个大灌水。

Posted by Vivoforever > 2017-07-10 22:53 | Report Abuse

Run or trap foreva

Posted by masterus > 2017-07-11 09:11 | Report Abuse

When is the release of next quarter report?

Posted by crawler > 2017-07-12 09:30 | Report Abuse

affordable home is the theme of the year. Prinsiptek is the only company who had been certified on adopting the Japanese building method for building affordable homes

Posted by crawler > 2017-07-12 09:30 | Report Abuse

anytime now

Posted by Vivoforever > 2017-07-13 23:31 | Report Abuse

While many affortable housing are not bid by prinsip? Run guys run

Posted by masterus > 2017-07-14 09:33 | Report Abuse

Oh! I am very scare. Scary ha ha.

Posted by Vivoforever > 2017-07-14 15:29 | Report Abuse

0.16 is coming

Posted by masterus > 2017-07-15 15:53 | Report Abuse

0.16 is coming. Oh! Ouch! Ouch! Very painful. I am very scare like a tortoises.

Posted by masterus > 2017-07-15 15:57 | Report Abuse

When goes up, I hitting my toe with my own hammer. Ouch! Ouch!

Posted by masterus > 2017-07-17 12:44 | Report Abuse

0.09 coming soon. Dump now.

Posted by masterus > 2017-07-17 17:29 | Report Abuse

Chase them all. Scare them all.

Posted by Vivoforever > 2017-07-19 15:32 | Report Abuse

Run run

Posted by masterus > 2017-07-19 17:25 | Report Abuse

0.09 is coming. Yes.

Posted by masterus > 2017-07-20 10:26 | Report Abuse

Quickly run. Yes. Yes. Come to papa at 0.09.