Wao, Thx for ur info christophertopher. May i ask you 1 question, y u assume 8% profit margin? Did management mentioned anything about the profit margin in AGM? From the latest q report, the Net Profit Margin is only 6%.
The Board of Directors of ML Global Berhad ("MGB" or "the Company") wishes to announce that MGB Geotech Sdn Bhd (“MGB Geotech”), an indirect 70%-owned subsidiary of the Company, has on 10 July 2017, accepted a letter of award (“LOA”) from Samling Ekovest JV Sdn Bhd (“SEJV”) for the appointment of MGB Geotech as a sub-contractor to SEJV for the sub-contract works for ‘Piling Works – Bau, Lundu and KSR Section (Precast Reinforced Concrete Square Piles and Precast Prestressed Concrete Spun Piles)’ at a provisional contract value of RM68,137,183.64 (“Project”). The construction period is for twenty (20) months and shall be completed by 31 October 2018.
The Project will increase and enhance the existing order book of the Company and its group of companies ("Group"). With the Project in hand, the Group’s current outstanding order book is of approximately RM2.05 billion.
The Project will have no effect on the issued share capital of the Company but it is expected to contribute positively to the earnings and net assets per share of the Company and the Group over the duration of the Project.
None of the Directors, substantial shareholders of MGB and or persons connected with them has any interest, direct or indirect, in the Project.
MEMORANDUM OF UNDERSTANDING BETWEEN ML GLOBAL BERHAD AND SANY CONSTRUCTION INDUSTRY DEVELOPMENT (M) SDN BHD ON SETTING UP OF A JOINT VENTURE ENTITY FOR INDUSTRIALISED BUILDING SYSTEM (IBS) PRECAST MANUFACTURING BUSINESS
Currently having RM 2 billion order book which have to be done in 3 years time. In other words, each quarter will have revenue of RM166 million. With 8% of profit margin, net profit will be RM 13.28 million. (EPS = 3.69 cents !! )
IF PE=15 (like GKENT); Target price will be RM2.21 !!
MLglobal before is VTI vintage and formerly is penas corp. tipu a lot of people this goh choon lye declared bangrupt but hiding the money, now calling the shots from a far still goreng stocks using nominee ar? crooks company better avoid
ML Global seems like a good bet counter(Major shareholder(50+%) is LBS, under Tan Sri Lim Hock San and family,)..... Too bad I miss the boat..... May be I will get some in the next few weeks as it still have uptrend potential..
This is to notify that the Company has received notifications from Tan Sri Lim Hock San JP, Datuk Wira Lim Hock Guan JP, Datuk Lim Lit Chek, Dato’ Beh Hang Kong and Mr. Lim Kim Hoe, the Directors of the Company, of their intention to deal in the securities of the Company during the closed period as defined in the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
durian runtuh? private placement price @ 1.08 now the current price is 15.74% higher. Unfair to minority shareholder. Tan Sri should provide us a valid explanation.
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Lim Wy
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Posted by Lim Wy > 2017-06-05 21:30 | Report Abuse
Thx Christophertopher. Nice analysis and gd info from AGM (Y)
Let's invest Mlglobal in long term and wait for this company to grow.