confirmed this Friday result is good, Saturday morning there's seminar on Kerjaya future prospect by the Chairman, if not good result, he won't turn up the next morning
Kerjaya has a cumulative contract value of more than RM1.3 billion. Very resilient company. Able to pay good dividend for the next 2 years. Strong buy.
Janetrohan, the seminar is by UOB, located at Menara Keck Seng, start tomorrow at 9 am, please log on to www.utrade.com.my to register, tomorrow morning ya, better register now before the seats are gone
Guys, met with the Executive Chairman, Datuk Tee, few points: 1. No issue to achieve profit of RM100m for the next few years up to FY2019, expected the profit to be greatest in FY2018 due to completion of most projects 2. The internal target of contracts to be won for this year is already achieved and surpassed quite substantially 3. Property market expected to be slow, but the contracts from E&O, SP setia and Eco World will be continue 4. The Chairman thinks that RM2 plus is too low for his company. He does aware of the share float and liquidity issue and RM3 might be a good price to do bonus issue and maybe free warrants 5. Chairman is very selective in the fund that is interested in the company to avoid being manipulated by syndicate. They have recently participated in road show in HK and Sg. They haven't present their case to fund like PNB, Lembaga Tabung Haji and EPF. 6. They are pure construction company focusing on high rise buildings (their expertise) and after the gohtong jaya property development project, Kerjaya will be pure construction company to avoid conflict of interest with the private company owned by Datuk Tee. 7. No plan to venture oversea at this juncture. 8. Current order book is RM2 billion and they will busy up to FY2019 even without contracts won (which is unlikel). 9. Their margin is high due to several reasons, being technology advantage, lower cost of materials due to cash terms, pool of talents staffs including 2000 plus foreign workers.
Sorry, outstanding order book as at July 2016 is RM2,900.77 million, biggest being seri tanjung pinang by E&O, Eco Sky, Elysia Park Residences and Arte Mont Kiara
If u did refer their reports, actually it is very tricky! Cause it has always 2 different Eps,...the lower End has reflected the dilution of Rcps. But actually there are some more rcps still haven't transferred in yet... If all converted, total shares should over 500 millions share but not this 390 millions shares.
Anyway not saying this company not good, it is still good, but in term of valuation of it... It is not cheap... At this price has already reflect its value. Just my 2 cents.
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....
ken123
54 posts
Posted by ken123 > 2016-08-01 21:07 | Report Abuse
buy today (monday), entitled dividend right? Today is ex-date