TALIWORKS CORPORATION BHD

KLSE (MYR): TALIWRK (8524)

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Last Price

0.80

Today's Change

0.00 (0.00%)

Day's Change

0.80 - 0.805

Trading Volume

140,100


3 people like this.

2,022 comment(s). Last comment by Tanleechoo 2 weeks ago

Pinky

3,212 posts

Posted by Pinky > 2023-08-08 12:54 | Report Abuse

@DividendGuy67 check out their cash flow statement...

Posted by DividendGuy67 > 2023-08-09 22:48 | Report Abuse

@pinky, thanks, when I saw the Q1 cashflows 2.5 months ago I thought it looks like it has potential ... my buy price at 0.80 finally filled after a long wait. Still, future is uncertain, I look forward to Q2 report in next couple weeks.

speakup

25,058 posts

Posted by speakup > 2023-08-10 07:52 | Report Abuse

anyone can share what so good about this counter?

Posted by Lester Teow > 2023-08-10 12:18 | Report Abuse

DIVIDEND: High(8.3% DY), Consistent (1.65 cent), Frequent(pay each quarter)

Posted by Lester Teow > 2023-08-10 12:20 | Report Abuse

But sustainability of this dividend trend is in doubt.

Posted by DividendGuy67 > 2023-08-12 05:37 | Report Abuse

Lester, why do you say dividend sustainability is in doubt? (I hope you look beyond reported EPS, as reported EPS can be artificially lower than cashflow, due to accounting depreciation. Cash is a cleaner way to look at this company).

Posted by DividendGuy67 > 2023-08-12 05:46 | Report Abuse

@Lester, saw your past comments that you own this stock "quite heavily" - would your view on its dividend sustainability change if you only own this stock small (e.g. 4% of your portfolio)?

I have an unbreakable policy to never buy any single stock more than 5% of my stock portfolio. This keeps all my buy "relatively small, relative to my total portfolio" in order to be objective about every one of them. When we invest say 50% in 1 stock, it is hard to sleep because any small variations will cause worry and lack of objectivity.

Posted by Lester Teow > 2023-08-16 11:16 | Report Abuse

It is around 1/3 of my total portfolio. I am still holding it, wait for the latest quarter report. Since the langkawi water concession end and highway tax waiver end, the cash flow was impacted, the JV also not doing good, bad things keep coming.

getingreal

404 posts

Posted by getingreal > 2023-08-21 11:52 | Report Abuse

Div announcement due Friday 25th. sure 1.65 cents, no worries.

Pinky

3,212 posts

Posted by Pinky > 2023-08-22 19:41 | Report Abuse

No surprise, 1.65 sen divvy. But, see their cash flow statement. Nearly 100% of operating cash is paid out as dividend.

sg999

1,745 posts

Posted by sg999 > 2023-08-22 20:27 | Report Abuse

1.65 SEN again

Posted by Intelligentinvest13 > 2023-08-22 20:39 | Report Abuse

up tomorrow

Posted by DividendGuy67 > 2023-08-23 00:45 | Report Abuse

TALIWRK dividends will cost RM66.5m for H1/23, vs Net Cash from Operations (NCfO) of RM66.7m. H1/23 NCfO of RM66.7m is a significant improvement over H1/22 figure of RM37m, so at least this part is positive trend. The renewable energy is also doing better than prior year. Still looks to support RM1.65 dividend payment, with perhaps a positive bias, but the margin is thin, so, any negative surprise / bad news might cause the price to fall. That's why the dividend yield is so high. Dividend yield = 6.6 sen / 80 sen = 8.25%!!

Posted by DividendGuy67 > 2023-08-23 00:53 | Report Abuse

If you feel pessimistic on TALIWRK, you may consider alternative hypothetical scenario of dividend cut to 4.8 sen per year (1.2 sen per quarter), similar to what they used to pay in Q3/2019 and prior. Under this scenario, 4.8 / 80 = 6.0% dividend yield, still beat EPF.

If you own small, you will not unduely worry about future adverse result or future dividend cut, because if the cause is temporary, then, low price is a friend to average down once price stabilizes. Very hard to lose if not greedy. (However, if you are greedy, it's a different story).

Posted by DividendGuy67 > 2023-08-23 00:57 | Report Abuse

This kind of result seem to indicate that next quarter dividend has good chance to be 1.65 sen again, IMHO. I could always be proven wrong later since 3 months is a long time, and noone knows what will happen next 3 months. So, let's collect the 1.65 sen first after payment on 29 Sep, and then see what Q3 will be next.

Pinky

3,212 posts

Posted by Pinky > 2023-08-23 16:08 | Report Abuse

@DividendGuy67 if 6.0% dividend yield I might as well buy more YTL 😁

Posted by DividendGuy67 > 2023-08-24 00:09 | Report Abuse

@pinky, I'm not greedy. I already let go of my YTL after it delivered capital gains (net of comms) equal to 19 years of dividends, by holding a few short months.

Yippy68

1,664 posts

Posted by Yippy68 > 2023-11-08 15:31 | Report Abuse

Why price suddenly surge

Yippy68

1,664 posts

Posted by Yippy68 > 2023-11-08 15:42 | Report Abuse

Any good new

Posted by cooledhawk123654 > 2023-11-08 15:51 | Report Abuse

what happens to taliwork??

Posted by Lester Teow > 2023-11-08 16:12 | Report Abuse

sometimes fund buying will easily push up due to less transaction

Posted by Lester Teow > 2023-11-08 16:13 | Report Abuse

definitely not surprising result

Posted by Lester Teow > 2023-11-08 16:26 | Report Abuse

Such transaction volume last seen Jan'22, almost 2 yrs

Posted by DividendGuy67 > 2023-11-08 19:45 | Report Abuse

Thanks to TALIWRK, my portfolio made a new high again today. That's 3 consecutive days of new highs!

Posted by DividendGuy67 > 2023-11-08 20:07 | Report Abuse

@Lester, agree the transaction volume is very high, although this kind of action reminds me of 18/12/2020 volume/price action than Jan 22 volume/price action. In Dec 2020 action, the huge spike up was not sustainable and only good for 1 day. Whereas Jan 2022 action was high, but the price was already uptrending for quite some time and continued to make new highs higher than the day's high eventually. The question now is how does today's high volume portend for the coming days/weeks ....

Technically, it looks with majority odds, that the bottom after 1.5 years of downtrend may have been sighted. Today's price action hit 86 sen, which is the 38.2% Fibonacci retracement, a common resistance. Given the 1.5 years downtrend, it won't be so easy for TALIWRK to continue to rise - low odds. More likely, it'll dip down to retest the bottom. So, if I didn't have a position, then, I would not chase and the high probability play is to wait for a retest and buy the dip.

Posted by Lester Teow > 2023-11-09 16:21 | Report Abuse

I guess fund is collecting

Posted by DividendGuy67 > 2023-11-10 02:04 | Report Abuse

Thank-you TALIWRK! On 20/10, I added at 79 sen. Today, my queue to sell part of this purchase was executed at 86 sen! THANK-YOU for contributing to make my portfolio hit a new high again today! That's 4 consecutive days of portfolio new high!

Posted by Lester Teow > 2023-11-10 08:37 | Report Abuse

Insider move:
Changes in major shareholders, tariff hike expectation prompt rally in water-related stocks
https://theedgemalaysia.com/node/689548

Posted by Layla123 > 2023-11-29 15:26 | Report Abuse

Taliworks Corp Bhd's Q3 2023 net profit rose to RM13.54 million boosted by increased results from jointly controlled entity Grand Sepadu (NK) Sdn Bhd, attributed to toll compensation. https://urlis.net/2hciy6d1

calvintaneng

53,197 posts

Posted by calvintaneng > 2 months ago | Report Abuse

Aiyoo Yippy68

You got see properly Taliwork balance sheet or not?

Earn less than 1 sen
Cash only Rm104 Millions
Long term borrowings Rm269 Millions

Mana ada duit pay good dividend leh?

Better switch to Hs Plant

See very carefully

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-02-19-story-h-188335565-HS_PLANT_5138_A_PALM_OIL_LAGGARD_YOU_WITH_DEEP_VALUE_YOU_SHOULD_TAKE_NO

Pinky

3,212 posts

Posted by Pinky > 2 months ago | Report Abuse

Calvin u don't understand concession business accounting

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

Oh no! The end of 1.65 sen per quarter! 😲

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=227060&name=EA_FR_ATTACHMENTS

The Board is pleased to declare a fourth interim single-tier dividend of 1.0 sen per share on 2,015,817,574 shares amounting to RM20,158,000 in respect of the financial year ended 31 December 2023, to be payable on 29 March 2024.

Tanleechoo

341 posts

Posted by Tanleechoo > 1 month ago | Report Abuse

Why pft Down..?

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

1. Higher repair and maintenance expenses
2. Previous quarter got toll compensation - current period tiada

Looks like they finally exhausted their free cash, hard to sustain 1.65 sen per quarter already 😅

Continue monitor for another quarter

Posted by cooledhawk123654 > 1 month ago | Report Abuse

Last 2 years invesment in associate loss abt 20 over millions every year, what sort of the bisness the associate is doing? why keep losing money

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

@cooledhawk123654

This:
https://taliworks.com.my/waste-management/

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

Laosai terus 🤣

Posted by sianglong91 > 1 month ago | Report Abuse

Lmao 🤣

iscmob

23 posts

Posted by iscmob > 1 month ago | Report Abuse

Any thought on HLB Research Rpt:

Water. Revenue climbed higher by 6.0% driven by the increase in chemical and electricity rebates. There was a 2.4% hike in BWSR rates in FY23. Average MLDs came in lower by -2.8% which is within our range of expectations. At the operating profit level, there was a decline of -4.2% mainly due higher rehab & maintenance expenses. Profitability for the segment is expected to improve with a 14.3% tariff hike (effective 1-Jan-24).

Tolls. ADT at the Grand Saga Highway and Grand Sepadu showed encouraging YoY growth at +7.3% and +2.8% respectively, benefitting from increased car usage vs FY22 which encompassed periods of pre-endemic conditions. Additionally, Grand Saga traffic was aided by the opening of SUKE highway. Despite the ADT growth in the period, profitability was lower on the back of higher rehab and maintenance charges.

Construction. Revenue nearly doubled in FY23 due to the progress of the Package 2 and 3 of Rasau water scheme. We expect to see stronger performance from this division with projects showing signs of ramping up. There are also two water opportunities in the pipeline in Selangor which Taliworks could participate in.

Forecast. Despite the results shortfall, we make no changes to forecasts as the construction segment is positively ramping up.

Maintain HOLD, TP: RM0.81. Maintain HOLD with marginally lower SOP-driven TP of RM0.81 (from RM0.82) after rolling over valuation for is concession businesses. Uncertainty over its new level of dividends could weigh on share price in the near term. Nevertheless, we acknowledge the company’s highly cash generative business exposure. Upside risk: water project wins; Downside risk: lower dividends from current levels.

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

won't touch until better clarity of dividends going forward

iscmob

23 posts

Posted by iscmob > 1 month ago | Report Abuse

won't touch as in, don't sell and don't buy? many sold ...

Pinky

3,212 posts

Posted by Pinky > 1 month ago | Report Abuse

I exited long ago around 83 or 84 sen. Been monitoring for re-entry for its tasty dividend yield. So now...since 1.0 sen je...

Posted by cooledhawk123654 > 1 month ago | Report Abuse

@cooledhawk123654

This:
https://taliworks.com.my/waste-management/

thanks

Posted by Lester Teow > 1 month ago | Report Abuse

This is a dividend stock. If dividend is not attractive anymore, no reason to buy.

Posted by Lester Teow > 1 month ago | Report Abuse

RM27.60 million for budgeted capital expenditure for 2024, a significant portion of which is for solar
panel replacement and other improvement works.

ch

2,027 posts

Posted by ch > 1 month ago | Report Abuse

Gg. Panic selling

Markv572421

3,045 posts

Posted by Markv572421 > 1 month ago | Report Abuse

time to buy

Markv572421

3,045 posts

Posted by Markv572421 > 1 month ago | Report Abuse

melampauuuuuuu juga taliworks share dop ...what is the management doing ??????

Tanleechoo

341 posts

Posted by Tanleechoo > 1 month ago | Report Abuse

New MD hope can show a clear business directions…lack of focus as involved in too many business .. the core should be related to water

Markv572421

3,045 posts

Posted by Markv572421 > 1 month ago |

Post removed.Why?

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