Posted by tjhldg > 2015-03-21 02:01 | Report Abuse

*wink wink* pika , whenever u see me hehehehe or kikikiii in the counter ,mostly what will happen in a short period of time le ? Kikikiikiiiiiiiii

This 1 u keep for say 3 months lagi like tat la ... Pan sim simpan , simpan pan sim aeh la this .. T4 today from high price aeh also consider no ticket out ... Mean wat le ? Kikikiiiiiiiii

Posted by simon3333 > 2015-03-31 12:24 | Report Abuse

sell

Posted by goh888 > 2015-04-02 19:34 | Report Abuse

Why no TP. No analyst on this stock. Can someone advice

Posted by Awesome > 2015-04-02 21:31 | Report Abuse

Good stock no need TP de. Just wait for good news. I believe it's coming soon =)

Posted by Awesome > 2015-04-03 13:44 | Report Abuse

Not movement good for collect now. Once move u have no chance to buy cheap anymore. BTW, seems like Simon3333 wanna press down the price to buy?

Posted by greenday > 2015-04-03 17:36 | Report Abuse

buy buy buy.. not sell !!

Posted by Awesome > 2015-04-03 19:03 | Report Abuse

Still collecting mode. Hehe

Posted by CFTrader > 2015-04-03 22:38 | Report Abuse

CFTrader You can wait for 3 years to see your house built, sign S&P, and obtain the key, but you can't wait for 1/2 year to see the merger ?
Oh my ...
14/02/2015 20:58

Posted by Awesome > 2015-04-05 12:27 | Report Abuse

Agree =) waiting for it to be completed. hehe

Posted by GIK8 > 2015-04-07 19:34 | Report Abuse

why no movement. No one is buying now.

Posted by Awesome > 2015-04-07 19:44 | Report Abuse

Once the acquisition complete then it won't worth this cheap anymore. A while more.. Be patient..

Posted by Awesome > 2015-04-08 10:32 | Report Abuse

Sudden soar, I think the acquisition gonna complete. Faster buy below RM2

Posted by simon3333 > 2015-04-08 10:34 | Report Abuse

its gonna fly

Posted by Awesome > 2015-04-08 10:36 | Report Abuse

@simon3333 collected enough? hehe

Posted by tjhldg > 2015-04-08 12:41 | Report Abuse

hahaahah

Posted by Awesome > 2015-04-08 13:23 | Report Abuse

@tjhlg any insider news? hehe

Posted by Awesome > 2015-04-08 18:16 | Report Abuse

@cftrader wah.. nice one! envy u so much! btw, what is your tp for this counter?

Posted by CFTrader > 2015-04-08 20:51 | Report Abuse

CFTrader Asking TP is just like asking how long a people will live...
16/03/2015 16:52

I don't know how to TP, but I know it's intrinsic value ain't no this low ...

Posted by tjhldg > 2015-04-08 21:14 | Report Abuse

Kikikikijiiiiiii

Posted by Awesome > 2015-04-09 08:18 | Report Abuse

Noted. mind to share the intrinsic value? glad if you do so. tqvm. cheers!

Posted by wintoni > 2015-04-09 09:25 | Report Abuse

tp 199

Posted by goldenluck16 > 2015-04-09 09:26 | Report Abuse

Buy now. Strong support at 1.66. Target price 2.00. Always know how to take profit in between trading so as to average down holding cost. Good luck!

Posted by Awesome > 2015-04-09 10:10 | Report Abuse

Im waiting for the announcement. Directors collecting? hmmmm....

Posted by RobbinBuffet > 2015-04-09 21:11 | Report Abuse

SHARE prices for Fututech (Fundamental: 3/3, Valuation: 1.8/3) have been rising steadily in active trading after the company announced an asset acquisition exercise in early-February, gaining 49 sen or 42.6% to RM1.64.

It will acquire two family-owned construction companies from its controlling shareholder, Datuk Tee Eng Ho for RM380 million. The proposed acquisition comes with an aggregate profit guarantee of RM150 million for FYDec2015–FY2017.

Kerjaya Prospek — one of two companies — has an order book of roughly RM2.3 billion, 20 years of proven track record as a contractor for luxury high-rise properties and exclusive clientele that includes E&O, S P Setia and Eco World.

The acquisition is to be satisfied via the issuance of 280 million new shares at RM1.16 per share and cash.

At end-2014, Fututech has cash of RM28.6 million and zero borrowings. It plans to launch two property development projects with a combined GDV of RM500 million this year.

Posted by Awesome > 2015-04-10 07:40 | Report Abuse

Hope the acquisition could be done asap. Cheers!

Posted by Awesome > 2015-04-10 16:47 | Report Abuse

Good rally up today. More to come next week.. Cheers!

Posted by lai81533 > 2015-04-13 17:24 | Report Abuse

target price 1.99 ( 15/10.24 X 0.80 X rm1.70)

Posted by lai81533 > 2015-04-13 17:45 | Report Abuse

Now is buying opportunity.

Posted by lai81533 > 2015-04-13 17:54 | Report Abuse

good company to invest. This few days, those who sold the shares seen to be do not know this is a good company.

Posted by Awesome > 2015-04-14 17:33 | Report Abuse

Be patient, waiting for acquisition to be announced.. Cheers!

Posted by limayseng > 2015-04-16 16:50 | Report Abuse

http://klse.i3investor.com/blogs/undervalue/68929.jsp
TP 3.06.......

Posted by limayseng > 2015-04-16 16:51 | Report Abuse

Wednesday, 25 Feb 2015

5:30PM FUTUTEC Financial year end net profit 15.060 million (increased 31.02%)

Posted by limayseng > 2015-04-17 10:36 | Report Abuse

@EPS 16.6c in 4th Qtr 2014 compared with the same 4th qtr in 2013@ 12.32c....
so EPS up 34.7%
2015 EPS .....
@20% min , shall be 20c.....EPS n the stock price will definitely breach RM 2.00

Posted by redpeople > 2015-04-17 10:58 | Report Abuse

go go go 174 !! One Malaysia project coming, muhibah, fututec.. goooooooo!!

Posted by redpeople > 2015-04-17 11:12 | Report Abuse

174 broken.. Huat ah, break 178 pls.. 178 broken fly sky high !!

Posted by limayseng > 2015-04-17 11:16 | Report Abuse

TP 3.06.....still far far away!

Posted by ccs999 > 2015-04-17 11:20 | Report Abuse

Huh, TP 3.06 so low? My friend said at RM4.xx ooo

Posted by Awesome > 2015-04-17 12:51 | Report Abuse

Faster grab the warrants.. The return will be higher.. At rm0.90 still cheap.. Cheers!

Posted by CFTrader > 2015-04-17 13:25 | Report Abuse

Why people keep on asking TP ? Lol you think rm 4 as tp ? If you factor in the increase of 233 percent share base to pay Tee's brother Kerjaya Prospek rm 4 still can reach ?

With current price with injection of KP already market cap pproaching rm 700m . You want rm 4 means the counter in 1.5 billion

Posted by limayseng > 2015-04-17 15:16 | Report Abuse

let it takes the first hurdle first , then talking about higher TP . If its EPS jumps from the present 16.6c to 32 or 33c , then u may see another new TP formed even without asking...anything first come first..in sequence shall be the answer.

Posted by limayseng > 2015-04-17 15:19 | Report Abuse

I think its 2nd qtr result around end of May shall be another record high... I was told to hang on....until the result is out....

Posted by CFTrader > 2015-04-17 15:35 | Report Abuse

Lol... i have no TP for this target. Just hold this company for 2 years (expected matured phase ) then you shall see your reward.

Posted by redpeople > 2015-04-17 16:09 | Report Abuse

RM2, RM2.40 Enough.. RM 3 RM4, wawasan 2020 can achieve :)

Posted by tjhldg > 2015-04-19 17:09 | Report Abuse

hhehehheheh ...simpan lagi sikit masa la .... :))

Posted by limayseng > 2015-04-20 09:23 | Report Abuse

yes , can keep it for long term to reap the max benefits ; not a play played counter....

Posted by redpeople > 2015-04-21 23:16 | Report Abuse

Fututech: The Future Is Simply Exciting

There is no doubt that Fututech's current executive chairman Datuk Tee Eng Ho has successfully transformed this previously ailing company into an exciting one.
Mr Tee and his brother first emerged as the largest shareholder of Fututech after acquiring the entire shareholding of 27.71% from E&O and Samudra Pelangi in March 2011 at only 50sen per share.

Prior to this, Fututech, which mainly involved in manufacturing, sale and installation of lighting & kitchen cabinet, suffered annual loss for 6 consecutive years, with accumulated loss reaching RM31.4mil in 2010 compared to share capital of RM58.7mil.
After Mr Tee joined in, Fututech immediately turned profitable until today.

Mr Tee brought with him experience in construction industry which saw Fututech successfully diversified into construction business by securing 2 sub-contract works in the second half of 2010.

Those contracts were to construct high-rise building of St Mary Residence in KL and Seri Tanjung Pinang in Penang. Both projects are awarded by E&O.

This has resulted in immediate surge in revenue and profit in year 2011 & 2012.

After 2012, it seems like there is no more major new construction work and so its revenue fell drastically in 2013.

It is currently holding just about RM200mil worth of contracts in 2014. Its lighting & kitchen cabinet business mostly just cater for its own needs.

In year 2013, Fututech started to venture into property development business by acquiring 2 parcels of land in Genting Permai (1.43 acres) and Shah Alam (8 acres) for RM24.5mil.

It has just launched its first property project Vista Residence at Gohtong Jaya (Genting). This leasehold project consists of 378 residential units and 28 retail lots in a 27-storey building, and has a GDV of RM300mil.

Its second property project at Monterez Golf & Country Club (Shah Alam) which carries a GDV of RM200mil is expected to be launched later this year.

I started to come across Fututech in Dec last year. I knew that its profit was going to increase significantly by venturing into property development business.

To me, it's one of the many listed companies who want to share a slice of cake in property development business.

As property sentiment is rather bad, I was not sure whether Fututech can generate good sales and launch more and more projects consistently after these 2 projects. This is a case almost similar to Weida.

I didn't follow up on Fututech and so I missed its announcement and share price movement in Feb15.

Posted by redpeople > 2015-04-21 23:16 | Report Abuse

On 6th Feb 2015, Fututech proposed to acquire 2 companies privately owned by its executive chairman Datuk Tee Eng Ho, which are Kerjaya Prospek S/B (KPSB) and Permatang Bakti S/B (PBSB) for RM380mil.

KPSB is a construction company and PBSB is a construction management company.

The jewel here is KPSB which is said to be a well-known "specialist" in high-rise building construction.

It claims to have current contracts worth RM2.25bil on hand. I'm not sure whether this figure is total project value or current outstanding value.

Recent notable projects by KPSB include:
E&O's Seri Tanjung Pinang (RM410mil)
Eco World's EcoSky (RM 463mil)
SP Setia's Setia Sky 88 (RM463mil)
100 Residency Setapak
The Shore @ Malacca River

It shows that KPSB has good business relationship with the country's top property developers such as Eco World, SP Setia & E&O. The latter 2 projects are Mr Tee's private property projects.

For the last 3 financial years of 2011, 2012 & 2013, both companies to be injected into Fututech has an average profit after tax of RM31mil.

For KPSB, it registered RM33.3mil net profit in year 2013 and has no borrowing.

The interesting part of this acquisition is, Mr Tee gives a profit guarantee of at least RM150mil for 3 years from 2015 to 2017.

To fund the acquisition, Fututech will issue 280 million new shares at RM1.16 each plus cash of RM55.2mil.

Before the day of announcement of acquisition, Fututech's share price closed at RM1.15. The next day, it shot up 27% to RM1.46 before closed at RM1.30 for a 13% gain.

After that, it is on its continuous uptrend until today.

It is expected that Fututech's profit will jump by leaps and bounds after the acquisition of KPSB & PBSB. However, its paid-up shares will also increase by leaps and bounds and its share price has moved up by leaps and bounds as well.

Is Fututech still attractive at share price of RM1.79 now?

There is a profit guarantee of RM150mil in 3 years from 2015 to 2017. The acquisition will only be completed in the 2nd half of 2015. So, 2015's result might not be that "great".

Moreover, I'm not sure whether the RM150mil is calculated from Jan15 or from the day the acquisition is completed.

Anyway, in average, it will be RM50mil net profit per year but we know that profit recognition of construction business will fluctuate a lot so it's not easy to predict

Posted by redpeople > 2015-04-21 23:16 | Report Abuse

Fututech will launch property worth RM500mil this year. If they are fully sold and has net profit margin of 20%, then it will be another RM100mil profit in the next 3-4 years.

Usually we can only see significant property contribution in the final year of construction which is around 2-3 years from commencement.

Its manufacturing segment is not expected to grow much or contribute significantly. This segment posted a pretax profit of RM3.3mil in FY14.
In summary, Fututech's financial results are likely to increase progressively from year 2015 to year 2017, with best result achieved in 2017.

From a local newspaper interview, Mr Tee mentioned that after the acquisition Fututech can "cin cin cai cai" (ie. easily) achieve RM200mil cumulative net profit from 2015 to 2017.

Base on what Mr Tee predicted, I would guesstimate roughly RM80mil net profit for Fututech in its FY2016. This is almost 6x better than RM15mil net profit in FY14.

I think this assumption is not too conservative as construction cost are going up and Fututech might delay the launch of its Shah Alam project.

Anyway, I expect that Fututech can get more new construction contracts along the way.

After the issuance of new shares, Fututech's paid-up shares will increase form 91 million to 371 million. If it were to post RM80mil net profit in FY16, then guesstimated EPS for FY16 will be 21.5sen.

However, if we add in 26.7mil warrants which will expire in Dec 2017, diluted guesstimated EPS will be 20.1sen.

So Fututech might worth at least RM2 in 2016 if we give it a PE ratio of 10x.

Posted by redpeople > 2015-04-21 23:17 | Report Abuse

Will Fututech continue to grow beyond 2017?

It is reported by The Edge that although Fututech wish to make property development its main business in the future, it does not expect to acquire more land until FY2017. It has no more land besides the Genting and Shah Alam land.

Fututech is a specialist in high-rise building construction. Can it get contracts for construction of roads, LRT/MRT and others? Can it get government contracts which typically has higher margin?

There is no doubt that Fututech will become a much much better construction company after the assets injection. However, it needs to get more projects in order to grow beyond 2017.

With its relation with other renowned property developer especially Eco World, it seems to have a bright future.

In the future, we cannot rule out another asset injection by Mr Tee.

Mr Tee still owns a private property development company known as Kerjaya Prospek Property Sdn Bhd which owns Malacca's tallest building The Shore @ Malacca River.

Its other property projects include Residency V (Old Klang Road), 100 Residency, 222 Residency, 288 Residency (all Setapak) & Viridian Cheras Idaman.

Mr Tee seems like a humble person who grows up from a poor family in which both his parent were rubber tappers.

I feel like he will grow his empire through Fututech so it might just be a matter of time for his private property company to be injected into Fututech.

Is this the reason why Fututech does not plan to purchase development land until FY2017?

Posted by lai81533 > 2015-04-22 08:34 | Report Abuse

strong bullish to this stock moementum to rm2.40 no problems