1. RM703.2mil on going construction order books as at Dec 31, 2016. a. TTDI Sentralis RM144.6m b. Penang central RM34.7m c. Bandar Kundang affordable home RM34.9m d. Setapak affordable home RM314.9m e. Housing development Kuantan RM97.7m f. Semi-detached houses Gombak RM28.1m g. Puncak 7 RM16.6m h. Others RM31.9m
2. RM469mil unbilled sales from property development projects.
3. In conjuction with the above, unobstructed earning visibility over the next three years with conservatives estimation RM67.9m. It would be an annual average profit of RM22.65mil or 6.5cts per share, which translate into PE 8.5 based on TP RM0.55.
4. Advanced and proficient in IBS construction method which believe could be benefitted on Budget 2018 incentives given.
5. The Group's prominent managing director and controlling shareholder Dato Foo Chu Jong with 44% equity interest. Since listed in 2003, Dato Foo hasn't been selling one unit of his share even priced at whopping RM1.40 in pre-crisis era. He's holding tight of Psiptek share till now. This revealing Dato Foo is a genuine entrepreneur and highly confident with Psiptek future prospects. The merit of the company always be actions speak louder than words.
6. Dato Foo is a person that regarded highly by the late Genting group founder Tan Sri Lim Goh Tong. The Legand won't put himself into risk by awarding someone to build the hilltop empire anyhow. Thus, who has been selected by the Legand impeccably are the most prominent and outstanding in the sector.
Finally, I'd like to conclude with "PRICE is what you pay ; VALUE is what you get"--Warren Buffett. PSIPTEK would be the next legand in construction sector, don't you think?
1. RM703.2mil on going construction order books as at Dec 31, 2016. a. TTDI Sentralis RM144.6m b. Penang central RM34.7m c. Bandar Kundang affordable home RM34.9m d. Setapak affordable home RM314.9m e. Housing development Kuantan RM97.7m f. Semi-detached houses Gombak RM28.1m g. Puncak 7 RM16.6m h. Others RM31.9m
Yes this company is genuine. Look at many construction stocks showing no strength in their stock price. Got jobs does not mean good collection in this sector.
Don't always waiting fortune fall into your pocket. Yes, there is no guarantee profit without rendering efforts on research and study the facts.
If you're genuine or value investor, you will tirelessly down to earth and visit the company construction sides, examine the work progression.
If you did, you will be acknowledged by the status and work progression of Psiptek. For example, in third quarter(July to September) Puncak 7, rapidly elevated from 8th floor to 12th floor, so the company will be able to bill the buyer, this will account in coming quarter report. This called FACT.
Do not invest in something you don't familiar with. Empty-fact to predict the share price movement is a ticking time bomb to trash your wealth.
"Dato Foo is a highly credible and honest man" Are u his relative? If you are then tell us more about Dato Foo and his company and why his stock price never go up since 2014
Well done Psiptek and its managements, net profits margin increased gradually from previous corresponding quarter of 1.5% to 4.2%. Net gearing reduced and cash in hand increase RM1.948mil hoarded to RM10.189mil.
I confident that Psiptek started to reap fruits from previous investment in IBS and pre-cast method for construction jobs. More efficient and save cost.
In 2014, Dato Foo forked out million of dollar subscribed the right issue at 18cts still never ever ask for God's help. We bought at 14~17cts what to worry about?
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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....
Sayyid Goh
32 posts
Posted by Sayyid Goh > 2017-10-27 14:23 | Report Abuse
I bought some. My TP 24 sen