Posted by Stock Hunter > 2017-07-13 15:13 | Report Abuse

big big announcement is coming soon

Posted by kenz88 > 2017-07-13 16:18 | Report Abuse

stock hunter if big announce why so many seller,,, i think not big as you think

Posted by ZeGK > 2017-07-13 20:18 | Report Abuse

something massive is happening soon

Posted by coolchef > 2017-07-13 22:58 | Report Abuse

hahaha....those years solid prefab sys don't work well....this tauhu sys sure masuk longkang!!

Posted by bareall > 2017-07-14 08:40 | Report Abuse

Apa so massive? Apa big big announcement? I think balik balik only MOU. Ini company pakar MOU saje. Tengoklah company lain dapat projek juta juta. Company ini bukan buat construction pun!. Ia hanya pembekal bahan binaan saja.

Posted by bareall > 2017-07-14 08:43 | Report Abuse

Kuah, apa cerita pasal scope?

Posted by Stock Hunter > 2017-07-14 12:54 | Report Abuse

his agibs is crucial of winning br1m housing contract

Posted by ZeGK > 2017-07-14 13:12 | Report Abuse

Already secured. few hundered mil contract in pocket

Posted by wanghing81 > 2017-07-14 13:13 | Report Abuse

when will be announce?

Posted by wanghing81 > 2017-07-14 13:14 | Report Abuse

is under FELDA project,right?

Posted by ZeGK > 2017-07-14 13:15 | Report Abuse

SPNB

Posted by makalingkong > 2017-07-14 13:17 | Report Abuse

How do u know zeGK?

Posted by makalingkong > 2017-07-14 13:24 | Report Abuse

Ya, announced already..

Posted by makalingkong > 2017-07-14 13:25 | Report Abuse

MEMORANDUM OF UNDERSTANDING BETWEEN AJIYA BERHAD (AJIYA OR THE COMPANY) AND SYARIKAT PERUMAHAN NEGARA BERHAD (SPNB)

Posted by samyew1234 > 2017-07-14 14:01 | Report Abuse

mou again, so many mou d, all no contracts one

Posted by redredbear > 2017-07-14 14:40 | Report Abuse

http://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-s-Ajiya-Signs-Material-Supply-Pact-With-State-Run-Housing-Company-Official

Posted by redredbear > 2017-07-14 14:40 | Report Abuse

http://www.bharian.com.my/node/302019?m=1

Posted by wanghing81 > 2017-07-14 14:52 | Report Abuse

1.4 Billion contract?!!

Posted by darkangell > 2017-07-14 14:55 | Report Abuse

share tak naik pun...

Posted by Lee Kok Lung > 2017-07-14 15:28 | Report Abuse

Mou only ~

Posted by zyrexho > 2017-07-14 16:15 | Report Abuse

wah.. keep falling, 0.80

Posted by bareall > 2017-07-14 16:38 | Report Abuse

Malian, siang siang hang dah bagi tau..ini Pompeii pakar MOU je

Posted by Aik-Chong Teo > 2017-07-14 16:43 | Report Abuse

QR out already? why drop so much today?

Posted by ZeGK > 2017-07-14 16:58 | Report Abuse

contra

Posted by beckham89 > 2017-07-14 17:01 | Report Abuse

sign new deal.time to buy more!!

Posted by Johnfatt > 2017-07-14 19:59 | Report Abuse

MR LEE KOING @ LEE KIM SIN (a substantial shareholder) disposed 44,300 shares- Nice move

Posted by comebackisreal > 2017-07-15 15:58 | Report Abuse

Nice sell on news ajiya, very nice -_-"

Posted by Atpg Mode > 2017-07-16 21:40 | Report Abuse

Tomorrow will hit 0.88.

Posted by ZeGK > 2017-07-17 08:12 | Report Abuse

phase 1, 600mil 10k units already secured

Posted by Atpg Mode > 2017-07-17 08:52 | Report Abuse

@ZeGK, what do you mean? Can enlighten me abit?

Posted by bursahunter > 2017-07-17 09:46 | Report Abuse

con job company!!!

Posted by KUCIMIAO > 2017-07-17 10:49 | Report Abuse

Let me unpack to you what (i understand) on the significant of this MOU with SPNB.

1) 20,000 unit of house for New Generation of Felda Settlers. First 10,000 units is already on hand. Target completion :- 2 years.

2) SPNB own housing - Aspirasi , Idaman and Mesra. Some of the supply for Mesra is already on going. With this MOU, AJIYA has secured a strong foothold in local housing market especially, when the government is emphasizing on usage of IBS. Ajiya will be given access to supply to 50,000 units of housing in next 5 years


3) PR1MA - There are several project running and around 8000 units on hand awaiting orders

4) PPA1M - opening to PPA1M

5) KPKT - Already some projects are in the final phase of negotiation and construction should commence soon. Impact will be felt in FY'18

SPNB, PR1MA, PPA1M and KPKT are tasked to provide 250,000 units of housing for Malaysian in next 3-5 years.


Bottom Line impact:-

a) Should Ajiya starts the 10000unit of Felda 2nd generation housing in 2 months and the contractor completed in the housing in 2 years (until June 2019).

Profit Margin approx. 3K per unit x 2500units per quarter = RM7.5M or RM30M per annum.
(profit margin is 10% a low double digit of the per unit value of the AGIBS system)

b) Should Ajiya secure the supply to all landed Aspirasi, Idaman and Mesra projects (approximately 12000 units in next 2 years)

Profit margin approx. 3K per unit x 1500 per quarter = RM4.5M or RM18M per annum.

Base on the projection of projects coming up, Ajiya should be doubling up its profit to RM50M by 2018. EPS would increase to 18.06 per share.

Based on P/E of 12 , AJIYA share price should be worth arond RM1.30 to 1.40 a share.

Bearing in mind that with more project coming onboard, efficiency and margin will improved further.


Salient Point for this IBS and why it will work well with the government appointed contractors:-
1) AGIBS components consist of almost 80% of the material needed to construct a house (from ground onwards). It covers wall, window frame, window, facia board, steel trusses, metal roofing, door frame, car porch, etc etc. All this are available in house and manufactured by Ajiya various subsidiaries.

Benefits to SPNB/ Government-
With the material cost covered mainly by SPNB and government, the contractors need not worry about cash flows and material price fluctuation. Hence they are able to concentrate in their core work - constructing. In short the deliveries of houses could be hastened.

With material cost secured, the government can safely meets their agenda of provided "affordable housing" to the mass.

Benefits to Ajiya
On Ajiya side, this MOU s significant as it enable a "packaged" sales for all the components it manufactures. everything inhouse means a better "fit" for all components and a seamless supply chain. In the next 5 years, this will translate to better margin, less returns or rejects and improved bottom line.

AGIBS provide a solid avenue for all AJIYA units with a guarantee demand for all the components they are now manufacturing.

2) AGIBS is easy to install and use. AGIBS is easy to install. It doesn't require complicated tools and can be anyone can master the AJIYA has also established a training facilities with CIDB to provide training for installers of AGIBS system.


Benefit to Government
Provide job opportunity to local. Installer of AGIBS system gets goods returns and are paid relatively well. They reward incentive is based on the number of units of house they installed. A skilled team of 5 person could complete installation of 15-20 units of house within 14 days. It will reduces the reliance on foreign worker.

Benefit to Ajiya
With more trained installers, the acceptance of AGIBS will grow. More and more people are familiar with AGIBS and its advantages

3) Quality finishing
AGIBS has far provide great finishing and quality. AGIBS enjoy goods IBS score, Acoustic score as well as good fire rating.

This is just my observation and opinion based on information obtained.

Good luck and Happy investing.!

Posted by bareall > 2017-07-17 14:45 | Report Abuse

Ini tulis panjang panjang macam karangan. Betui ke? Klu betui, mesti naik. Hang risau kena trap je...

Member hang rekomen 2 bulan lepas. Tapi hang nampak kaunter ini lembik le.

Posted by AbrahamOh > 2017-07-19 16:28 | Report Abuse

thanks KUCIMIAO for the sharing, will keep ajiya for long term

Posted by Atpg Mode > 2017-07-19 16:53 | Report Abuse

QR out today or friday?

Posted by Junhao > 2017-07-19 18:45 | Report Abuse

Price drop before qr out

Posted by MG9231 > 2017-07-19 18:59 | Report Abuse

WHAT HAPPEN IF BN GOVERNMENT TUMPANG

Posted by bareall > 2017-07-19 21:35 | Report Abuse

BN tumpang, ajiya pun runtuh le.... BN belum tumbang tapi harga sudah runtuh.. Hehehe...

Posted by ZhiDa Eng > 2017-07-21 10:05 | Report Abuse

:0

Posted by waren > 2017-07-21 12:27 | Report Abuse

AJIYA is a growth stock. Buy now and keep for long term.

Posted by bareall > 2017-07-22 23:52 | Report Abuse

Hahaha buy more and contribute to the rich. This counter will hardly move.

Posted by hornbill > 2017-07-25 10:27 | Report Abuse

Today result out?

Posted by zyrexho > 2017-07-25 11:23 | Report Abuse

due date is 30 July

Posted by hornbill > 2017-07-25 16:09 | Report Abuse

delay should not a good sign..

Posted by VenGeR > 2017-07-25 17:14 | Report Abuse

FY17 should be good year, quarterly report FY17Q2, NPSH -82.1% (QoQ), +66.3% (YoY)...

Posted by coldinvestor > 2017-07-25 17:32 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5495601

Posted by samyew1234 > 2017-07-25 18:27 | Report Abuse

Lucky lucky, sold earlier, I thought their IBS is good, now only I know all construction companies come out with their own IBS, seem like big competition ahead

Posted by Junhao > 2017-07-25 20:13 | Report Abuse

KUALA LUMPUR (July 25): Ajiya Bhd’s net profit for the second quarter ended May 31, 2017 (2QFY17) surged nearly five times to RM1.62 million from RM325,000 a year ago, on higher foreign currency translation gain.

Its quarterly revenue, however, fell 11% to RM90.48 million from RM101.15 million a year ago, mainly due to weak market conditions and stiff competition in the construction sector which affected the demand for the group’s products, said Ajiya in a filing with Bursa Malaysia today.

Ajiya registered a higher foreign currency translation gain of RM1.91 million compared with RM486,000 in the same quarter last year.

For the cumulative six months of FY17, its net profit rose three times to RM10.66 million from RM3.42 million a year ago, though revenue slid 5% to RM184.32 million from RM194.79.

Going forward, the group said it is is strongly poised to leverage the government's efforts to provide affordable housing to the low and middle-income group, based on its long-term strategy to be a total solutions provider through its building solution, Ajiya Green Integrated Building Solutions (AGIBS).

“Our traditional business of providing building materials such as our metal and glass products will put us in good stead as part of being a total solutions provider. In the same vein, our traditional business will merge well with our new business venture,” said Ajiya.

“The signing of the Memorandum of Understanding (MoU between Ajiya and Syarikat Perumahan Negara Bhd (SPNB) is a step in the right direction,” Ajiya added.

It inked the MOU with SPNB on July 14 to implement AGIBS in the development of housing projects under SPNB.

Shares in Ajiya closed unchanged at 82.5 sen today for a market capitalisation of RM251.28 million.

Posted by TanTeeHean > 2017-07-25 21:49 | Report Abuse

Core Profit 2Q 2016; RM2.96M
Core Profit 1Q 2017; RM3.96M
Core Profit 2Q 2017; RM3.78M

Result within expectation.

Posted by cheated > 2017-07-25 21:54 | Report Abuse

EPS 0.53 sen. If annualised EPS 2.12 sen? PE 10 TP 21 sen?