It was spike up from around 8 cents to 0.14 now (already up +75%) ! But bull also need to rest ma... Just be patient, it will +100%, +500% , +1000% and so on soon... T.p by end of 2019 => break 0.50 T.p by end of 2020 => break RM1.00 T.p by end of 2021 => break RM2.00
They sold their core business and just holding pile of cash. Some court case still pending. So it is lying idle. The reason why it went up is because some rumors. Nothing concrete yet. So if got profit just take.
The group was supposed to used around RM50mil of the proceeds from the disposal of BCM Electroninc to Aurelius back in Jan 2018 (total consideration RM123.8mil) for 3 new core businesses: System Integration Maintenance Services (SIM), waste to energy business and green waste management business. However, all of management plans did not run smoothly as expected.
Their SIM business is facing challenges. The company had failed to secure any new contracts in Malaysia and faces delays in receivables collection. The legal tussle with U Televisyen has make it harder for the company to secure contracts (which include renewals). As a short-term solution, Comintel is trying to find opportunities in Indonesia but most probably any opportunities will be small (less than RM10mil) due to issue of obtaining financing in Indonesia. The company will need to use internally generated funds for all Indonesia related projects.
The company is currently facing delays in getting the Kuang plant, their maiden project in the waste to energy space, to start operation. Initially the Kuang IPP was supposed to be ready by January 2018 but the company faces delays in getting approval from Sustainable Energy Development Authority (SEDA). All approval from SEDA has since been given. The company hope for the plant to start generating revenue in FY20. However, there was still no update from management on the status of the plant since Nov 2018 (not sure if the plant has started operation or not).
Given the various challenges facing the company, it has since decided to put on hold any new expansions or projects both in the waste to energy (they initially plan was to start another new IPP in Penang) and green waste management businesses. The RM17mil which was initially budgeted for new ventures in green waste management projects has since been allocated as working capital for the Kuang IPP which needed more capital than initially projected. It is expected that the company will used up more of its cash reserves at least until the Kuang IPP starts operations.
Investors need to be prepared for negative earnings along with depleting cash flow for 4Q19 and 1Q20 financial reports.
If you are looking to diversify your portfolio outside of Comintel (due to its earnings uncertainties) I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.
Monday onwards bull market to push above RM1.00 Don't missed this golden opportunity to become a wealthy people! Any price below RM0.80 is a good buy! Huat ah! Heng ah! Ong ah!
Oh My goodness, Sapnrg was trading now at 0.37 (+0.02) (+5.7 percent) now! It was hitting 0.375 (+0.025) (+7.1 percent) Market was very super bullish today onwards ! Comcorp soon definitely will follow one ! Huat ah ! Heng ah ! Ong ah!
Yes, got it=> Further, the release of the outstanding Fourth Quarter Financial Results ended 31 January 2019 is targeted to be on or before 5 April 2019.
Tommorrow QR out i think at least will spike up to above 0.15 T.p by end of June 2019=> break above 0.30 T.p by end of September 2019=> break above 0.60 T.p by end of December 2019=> break above RM1.00
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....
tkl88
8,712 posts
Posted by tkl88 > 2019-01-17 16:46 | Report Abuse
Wow, unbelieveable hot hot super bull market now...
Genting is now at 6.82 +0.40 (+6.23 percent) !!!