Posted by Cooolll > 2017-10-11 09:15 | Report Abuse

Follow tight, construction stocks coming

Posted by masterus > 2017-10-11 11:40 | Report Abuse

Budget 2018 Preview
Civil service, construction sector to benefit from Budget 2018 — analysts
Anette Appaduray
/
theedgemarkets.com

October 06, 2017 11:50 am MYT

-A+A
KUALA LUMPUR (Oct 6): Budget 2018 is expected to benefit the civil service, lower income households, and the construction and building sector, according to analysts.

"Bread-and-butter issues continue to rank at the top of Malaysians' concerns and, against the backdrop of a looming GE14, we expect Budget 2018 to lift social assistance and cash transfers to the civil service, lower income households, households employed in the agriculture sector, Felda settlers and army veterans, among others," said CIMB Research in an Economic Update today.

"Bantuan Rakyat 1Malaysia (BR1M) payments may be raised by 10% from RM6.8 billion in 2017 to RM7.5 billion in 2018, with amounts for each threshold of eligible household and individual incomes lifted by RM50 to RM150," the research house said.

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CIMB added that the Budget will address key concerns of the population, dubbing it a "rakyat-friendly" budget that will not ignore fiscal probity.

"We expect the budget deficit to narrow to 2.9% of gross domestic product (GDP) in 2018F (versus 3.0% of GDP in 2017F) as increased operating expenditure is sufficiently funded from improved fiscal revenue, driven by a higher GDP growth target (versus 4.0-5.0% in Budget 2017) and enhanced efficiency of tax collection," it added.

Meanwhile, TA Securities said in a Budget Preview today that next year's budget will be positive for the construction sector, which is expected to continue to be a "bright spot" due to the large infrastructure projects in the country such as the East Coast Rail Link, Mass Rapid Transit (MRT) and Light Rail Transit (LRT) lines.

"Much of the news about big ticket items like the East Coast Railway, MRT 2 and 3, LRT Line 3, Pan Borneo Highway, Gemas-Johor Double Track and KL-Singapore High Speed Rail have been known for some time but we expect greater progress and awards involving these contracts to materialise in 2018," TA Securities said.

It cited its top direct and indirect beneficiaries of the budget as being Gamuda Bhd, Gadang Holdings Bhd, and Chin Hin Group Bhd, among others.

"While property players may not see any relaxation in cooling measures, the brewers and tobacco companies may be spared from higher sin taxes next year," it added.

Posted by masterus > 2017-10-11 11:51 | Report Abuse

image: https://bcp.crwdcntrl.net/5/c=5593/b=45463407

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TOPICS Star Golden Hearts Award | Stop the Bullying | True or Not | Moderate Malaysia
Rail boost for construction
CORPORATE NEWS
Monday, 9 Oct 2017
By Gurmeet Kaur

image: http://www.thestar.com.my/~/media/online/2017/10/08/18/49/p2_bizd_mm_0910_p2a_mm_1.ashx/?w=620&h=413&crop=1&hash=3539266E270EC401867357F7E000CC3BC3812444

Next phase: A MRT train heading towards Kajang from Kuala Lumpur. MRT3, which is being touted as the rail story for 2018, has not been granted Cabinet approval.
Next phase: A MRT train heading towards Kajang from Kuala Lumpur. MRT3, which is being touted as the rail story for 2018, has not been granted Cabinet approval.

PETALING JAYA: Contract awards related to rail works continue to boost the construction sector with more to come.

This week alone, some RM4bil worth of Light Rail Transit Line 3 (LRT3) contracts were dished out to three companies, which brings to a total of RM7.4bil worth of LRT3 contracts awarded so far.

CIMB Research said it understood that Prasarana Malaysia Bhd, the project owner of LRT3, still has seven major civil work packages to be awarded for LRT3, which is expected to be concluded by year-end.

Besides the recently launched East Coast Railway Link (ECRL), the next big series of awards are said to be coming from Mass Rapid Transit 3 (MRT3) in the Klang Valley.

It was recently reported that the Government may consider expediting the construction of MRT3 (Circle Line).

This proposed rail link is estimated to cost RM35bil-RM40bil and expected to be completed two years earlier than the original 2027 target, CIMB Research said in a report.

MRT3, which is being touted as the rail story for 2018, has not been granted Cabinet approval.

CIMB Research said it understood that this approval is targeted to be achieved by mid next year. It will then take at least another six months from Cabinet approval to project awards.

So, it is little surprise that the construction sector index on Bursa Malaysia has been on the uptrend, having risen 15.39% as compared to the broad market’s 7.45%.

A key question though is whether these contracts will translate into hefty profits for the winners.

One concern is that construction companies don’t necessarily earn as much as investors hope they do because it is not known the actual cost they have incurred in securing these projects. Large players also have a much higher cost base.

Macquarie Research said that based on its checks with the contract winners, it expected LRT3 to bring a gross margin of between 8% and 11%.

Based on this, Gabungan AQRS Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, which last week secured a RM1.2bil GS04 package to build guideways and three stations over a 4.2km stretch of the LRT3 alignment, is estimated to see its financial year 2018 (FY18) and FY19 earnings grow by 8% to 12% in tandem with the project timeline.

Its larger-than-expected order win brought the company’s order book to RM2.81bil – a jump of 86% from RM1.4bil as at end of last year.

Notably, the LRT3 award is Gabungan AQRS’ first major rail contract and put it in a better position to bid for other rail-related projects in the future such as East Cost Rail Link and KL-Singapore High-Speed Railway, said analysts.

Analysts have also upgraded the stock and raised their target prices. Shares of the mid-cap construction player rose 101.11% year-to-date to hit an all-time high of 1.82 on Friday.

In the case of Sunway Construction Group Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(SunCon), the RM2.2bil LRT3 contract won has brought the value of jobs secured so far this year to a whopping RM3.8bil.

The contract bumps up its outstanding order book by more than half from RM4.3bil as at end of second quarter 2017 to RM6.5bil, closing in to the order books of big-cap IJM Corp Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s RM8.7bil and Gamuda Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s RM7.8bil, said CIMB Research.

SunCon’s order book also comprised mostly rail works related to MRT2 and LRT3, it added.

Assuming a pre-tax profit margin of 6%, TA Research expects the construction giant’s FY18 and FY19 earnings to grow by 12.9% and 15.5% respectively, contributing a net profit of about RM96.7mil throughout the contract period.

It has upgraded the stock from a “sell” to “buy” on the back of stronger earnings visibility over the next three years.

WCT Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

is a big beneficiary of LRT3, having won three packages worth RM1.7bil.

The company’s outstanding order book has hit RM5.5bil, providing steady earnings for its construction division for the next three years, but its dwindling property sales and high gearing levels are areas of concern.

Posted by Cooolll > 2017-10-11 15:49 | Report Abuse

More to come..

Posted by Cooolll > 2017-10-12 11:14 | Report Abuse

Psiptek is the cheapest in term of market capital but profitable, low PE, possessed 100 acres land banks in strategic location, high construction order book and unbilled sales from property developments.

Besides, advanced in construction method, adapted green building technology using IBS, highly echoed with the sector evolution. Please find out your question mark at PUNCAK 7, see how advanced PSIPTEK is.

Buy for investment, not for punting.

Posted by masterus > 2017-10-12 14:15 | Report Abuse

PROPERTY locations such as Kuala Lumpur city centre (KLCC) have long been favoured by foreign investors. But because of global economic uncertainties, many investors held back from buying in Malaysia and other countries.

With the ringgit’s current value, Malaysia is seen as an attractive market where there is a value proposition with major developments and infrastructure projects in the works.



“If you are a foreigner and looking for a luxury property in Kuala Lumpur... in KLCC there are many residential units which you can buy for below RM2.5 million.

“KLCC has among the cheapest luxury residential units versus other countries in Southeast Asia,” said Alpine Return Sdn Bhd chief operating officer Alan Koh.

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“I believe that prices are still quite reasonable in the KLCC area. You can still buy a RM2,000 per sq ft (psf) development on the specs that you put in, but I think in the future we are looking at RM3,000,” he said.

Koh said the KLCC area, for the longest time, has lacked in terms of pricing compared to the suburb areas.

Prices of properties in suburb areas like Damansara are averaging between RM1,200 psf and RM1,300 psf while in KLCC, it is about RM1,600 psf, he said.

“But because of land scarcity in the area, coupled with higher construction cost, this is sure to increase especially when the MRT Line 3 comes up,” he said, adding that prices will definitely move up to between RM2,500 and RM3,000 psf.

Koh was speaking to NST Property after the launching ceremony of Ascott Star KLCC service apartments and the official signing with The Ascott Ltd recently.

Alpine Return inked a deal with The Ascott Ltd to manage Ascott Star KLCC, which has a gross development value of RM1 billion.

Ascott Star KLCC will have 471 fully-fitted service apartments with sizes from a 700 sq ft (one-bedroom) to 2,972 sq ft (four-bedroom units).

Under the terms of agreement with The Ascott Ltd, it would manage a minimum of 353 fully-furnished units and provide amenities and conveniences of a hotel concierge, room service, broadband connectivity, daily housekeeping and laundry facilities.

Ascott Star KLCC will be developed on a 1.6ha piece of commercial land in Jalan Yap Kwan Seng in Kuala Lumpur.

The 58-storey tower will complement Star Residences Tower One and Tower Two.

Koh said the price tag for the serviced apartments in Ascott Star KLCC starts from RM1.7 million or between RM2,400 psf and RM2,500 psf.

He added that key markets for Ascott Star KLCC include China, Hong Kong, South Korea and Japan.

The first two towers of Star Residences sold for between RM1,600 and RM2,200 psf on average. Tower One and Tower Two have successfully achieved 100 per cent and 90 per cent sales rates, respectively.

Posted by momok > 2017-10-12 22:56 | Report Abuse

jump start tomorrow and fly

Posted by Alliswell > 2017-10-13 09:09 | Report Abuse

Goreng!

Posted by GGecko > 2017-10-13 09:09 | Report Abuse

too hangus...

Posted by Funny > 2017-10-13 09:27 | Report Abuse

operator pushing. target 0.25 today.

Posted by luckyeveryday > 2017-10-13 09:33 | Report Abuse

0.25 ? not going to happen because it will be too "funny". get it... @funny?

Posted by anonymous23 > 2017-10-13 09:34 | Report Abuse

Funny you bought this counter too? your friend said tp 0.25 this counter??

Posted by Alliswell > 2017-10-13 09:51 | Report Abuse

Funny is famous... Haha

Posted by Funny > 2017-10-13 09:57 | Report Abuse

i bought at 0.165. 0.25 tats my fren TP to me. but now i am considering want sell at 0.175 or not since it looks like retrace.. haha. Trade at own risk. i hope it will go up ..cheers.

Posted by Funny > 2017-10-13 10:01 | Report Abuse

Chin hui: hopefully as u said. but looks heavy sellers.

Posted by anonboy > 2017-10-13 10:18 | Report Abuse

KESM is a good buy. Low P/E, semiconductor stock, buy rating from yesterday's report

Posted by momok > 2017-10-13 12:03 | Report Abuse

hope can touch 215 today, next resistance level

Posted by Cooolll > 2017-10-13 12:58 | Report Abuse

Don't chase and don't rush for profit...

Posted by Crazy11223 > 2017-10-13 13:37 | Report Abuse

Close 0.27

Posted by Alliswell > 2017-10-13 13:49 | Report Abuse

I wil find u crazy11223 if reach 0.27

Posted by Funny > 2017-10-13 13:53 | Report Abuse

Chin Hui: i will still holding at least till end of today since my fren said afternoon will have another rally. lets see. cheers.

Posted by Funny > 2017-10-13 13:55 | Report Abuse

even no 0.25 but if reach 0.24 i will throw. :)

Posted by anonymous23 > 2017-10-13 14:34 | Report Abuse

if 0.24 also not today... maybe next week...

Posted by GGecko > 2017-10-13 14:35 | Report Abuse

i dont think so, more like a one-day show..

Posted by xyXy > 2017-10-13 14:59 | Report Abuse

stop moving liao........or go holland bercuti ......ar ar

Posted by Funny > 2017-10-13 15:02 | Report Abuse

still my hibiscus teady...

Posted by Funny > 2017-10-13 15:53 | Report Abuse

people chase at 0.2 really dead man...

Posted by wops > 2017-10-13 16:33 | Report Abuse

no power dy

Posted by rusy > 2017-10-13 17:43 | Report Abuse

5tahun kaunter paling ini paling tinggi 22sen..macamana target price sampai 27sen

Posted by rusy > 2017-10-13 17:44 | Report Abuse

Hahahaha..sudah sangkut yang dah shoping..

Posted by momok > 2017-10-13 20:21 | Report Abuse

10 years high 76 sen, better hold until end of this year

Posted by ahmadsd > 2017-10-13 20:59 | Report Abuse

Can up?

Posted by rusy > 2017-10-13 21:06 | Report Abuse

Sebab apa boleh up..

Posted by rusy > 2017-10-13 21:06 | Report Abuse

Ada infor..

Posted by rusy > 2017-10-13 21:09 | Report Abuse

Next week..kalau tak ada support..boleh cirit birit..jatuhnya.

Posted by rusy > 2017-10-13 21:14 | Report Abuse

Volume dekat 1juta..

Posted by hstha > 2017-10-13 22:06 | Report Abuse

ASIA MARKETS: Singapore Stocks Rise To Two-Month Highs, Malaysia Shares Edge Higher

Posted by momok > 2017-10-14 13:19 | Report Abuse

Uptrend counter, Next week will making flag, i think before continue up. I always invest follow the chart and second fundamental.

Posted by TakeProfits > 2017-10-15 00:41 | Report Abuse

Lai liao...50c coming....gaha

Posted by safety1st > 2017-10-15 18:13 | Report Abuse

i worry tomorrow it will drop

Posted by ilovehits > 2017-10-15 18:18 | Report Abuse

Yes! Yes! Yes! $0.15.

Posted by safety1st > 2017-10-15 19:22 | Report Abuse

0.15!!! many ppl kena immigrate holland

Posted by Vicchai > 2017-10-16 09:27 | Report Abuse

Drop……………………

Posted by Alliswell > 2017-10-16 10:18 | Report Abuse

Useless RHB platform!!

Posted by rusy > 2017-10-19 09:46 | Report Abuse

Zzz

Posted by Vicchai > 2017-10-19 11:46 | Report Abuse

Zzzzzzzz.........

Posted by WhoKnows > 2017-10-20 14:39 | Report Abuse

expect strong movement next week

Posted by saufi74 > 2017-10-24 17:44 | Report Abuse

Collect some @ 0.15..

Posted by Vicchai > 2017-10-25 12:25 | Report Abuse

0.145……omg

Posted by Runnn > 2017-10-27 12:15 | Report Abuse

Brewing...