KUALA LUMPUR (March 14): Pesona Metro Holdings Bhd has bagged a RM238.45 million contract from MCT Bhd’s unit for the construction of three blocks of apartment in Cyberjaya, together with mechanical and electrical works.
This company quite aggressively secure substantial contract since last year
As at June 2018, contract order on hand about RM 2.10 billion
Below are the contract had secured further since last year after Jul'18 :-
~ 17/08/18 = RM 218.22 mil (from Melati Ehsan Bhd)
~ 04/09/18 = RM 264.3 mil (from TA Global Bhd)
~ 19/02/19 = RM 408.8 mil (from MRCB Group)
~ 14/03/19 = RM 238.45 mil (from MCT Bhd)
** All contract order can let Pesona busy at least until 2021 & I personally predict the performance profit by 3% of the contract order, at least RM 32 mil ~ RM 35 mil whereby translate to EPS for the next 3 year about 4.6 cents
If comparing PE at same industry by 10 time, the current share price considered undervalue & I personal view of point that shall be RM 0.41 (after 10% discounted with other segment)
Wie Hock Kiong was appointed to the Board as a Director of the Company on 8 August 2012. He is also a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company.
Wie Hock Kiong is an engineer by profession with a Bachelor of Science (Hons) Degree in Civil and Structural Engineering from the University of Aberdeen, United Kingdom. He was previously the Chief Executive Officer of Putrajaya Perdana Berhad (“PPB”) from 1998 to 2011. He has been overseeing the overall management, development and operations of PPB Group since the commencement of business in 1990 via Putra Perdana Construction Sdn Bhd, a wholly-owned subsidiary company of PPB. He has successfully transformed an infant company, Kamunting Construction Sdn Bhd into a giant construction and property developer conglomerate, PPB. Under his guidance, PPB has grown financially with an excellent track record of successful high quality construction projects. He resigned as the CEO of PPB in 2011.
Wie Hock Kiong is the substantial and major shareholder of the Company and brother to the Managing Director, Wie Hock Beng. He has no conflict of interest other than disclosed under Additional Information (Recurrent Related Party Transactions) which appears on page 49 of this Annual Report. He has no conviction of any offences within the past 10 years.
PMHB bags RM238mil contract Published on March 15, 2019 The Star Online
KUALA LUMPUR: Pesona Metro Holdings Bhd (PMHB) has bagged a RM238.45mil contract to undertake the main building as well as mechanical and engineering works for a guarded and gated housing project in Cyberjaya.
Pesona Metro said its unit Pesona Metro Sdn Bhd had on Tuesday received the letter of acceptance from MRCB Builders Sdn Bhd for the superstructure works of the project.
The project comprises of 734 apartments including eight levels of car parks. It will be for 30.5 months.
It said the project would be funded from its own funds.
In a filing with Bursa Malaysia today, PMHB said the project was for the execution and completion of the main building and external works for the construction of two blocks of serviced apartments at Jalan PJU 9/1, Bandar Sri Damansara.
It said work on the project commenced on Aug 15, 2018 and was expected to be completed on April 14, 2021. “The award of the project will not have any impact on the issued and paid-up capital of the company, and is expected to contribute positively to the earnings and enhance the net assets of the group during the duration of the project,” PMHB added. - Bernama.
Pesona Metro bags RM218.2m construction job (August 17, 2018 18:21 pm +08)
KUALA LUMPUR (Aug 17): Pesona Metro Holdings Bhd has bagged a RM218.22 million contract from a wholly-owned subsidiary of Melati Ehsan Holdings Bhd to build an office tower in Jalan Conlay, Kuala Lumpur.
In a filing with Bursa Malaysia today, Pesona Metro said the project involves the construction of a 41-storey commercial tower that will house 32 floors of office suites, one level of facilities, five levels of elevated carpark, and three levels of basement carpark.
It said the project will be undertaken by its joint venture company — Pesona Metro Sdn Bhd JV — which it formed via Pesona Metro Sdn Bhd (PMSB) with Intrasegi Sdn Bhd. PMSB is a wholly-owned unit of Pesona Metro.
"The project is for a duration of 26 months commencing Sept 1, 2018, and ending on Oct 31, 2020," it said.
"The project is expected to contribute positively to the earnings and enhance the group's net assets during the duration of the project," the group said.
It expects to fund the project using internal funds, which will have no effect on its gearing.
MBAM: Green light for 121 projects a boost for construction sector (April 01, 2019 18:25 pm +08)
KUALA LUMPUR (April 1): The government’s green light to continue 121 infrastructure projects worth almost RM14 billion is a shot in the arm for the construction industry, said Master Builders Association Malaysia (MBAM).
“The announcement is definitely a great confidence booster for the construction industry, as the general sentiments before the announcement was that there were not many projects on the ground in the first quarter of 2019,” said its president Foo Chek Lee.
Yesterday, the government announced that a total of 121 infrastructure projects valued at RM13.93 billion nationwide offered through direct negotiations and limited tenders by the previous Barisan Nasional Government will continue, after price negotiations by the Pakatan Harapan Government resulted in cost savings of RM805.99 million, reducing the amount to RM13.13 billion.
Foo said the announcement would not only help boost the construction economy, but would also generate employment for those involved in the construction industry value chain.
“MBAM is very appreciative that the Government made the announcement at a critical time for the construction industry, as we begin the second quarter of 2019,” he added.
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....
zmrm
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Posted by zmrm > 2019-02-27 21:13 | Report Abuse
Excluding the impairment, the Group would have registered profit before tax of RM3.5 million. (pg 9 qr)