Posted by bsngpg > 2015-06-02 18:26 | Report Abuse

1.20 is too high for me too.

Posted by stteck > 2015-06-03 11:36 | Report Abuse

Noticed this statement in the Company's annual report (pg 30), anyone can interpret? does this mean we need to until 2017 for the company tp realise its revenue and profit for its RES280 project?

The Property Development division has so far not recorded any revenue due to the adjustment made arising from the notice issued by Malaysian Accounting Standards Board (MASB) on 2 September 2014 which disallows companies that have applied the Malaysian Financial Reporting Standards (MFRS) from reverting to the Financial Reporting Standards (FRS) to recognize income and profits based on stages of completion. Under the MFRS standards, revenue shall only be recognised upon completion of a development.

The Group’s maiden project, rés280 is expected to start contributing by financial year 2017 upon its full completion.

Posted by Sebastian Sted Power > 2015-06-08 14:50 | Report Abuse

what happen? Volume so high

Posted by Alpha Trader > 2015-06-15 08:07 | Report Abuse

Gonna up today man

Posted by Topdeck > 2015-06-15 08:35 | Report Abuse

Hopefuly above 1.00

Posted by Sebastian Sted Power > 2015-06-15 09:02 | Report Abuse

what happen

Posted by Lee Wen Jie > 2015-06-15 09:06 | Report Abuse

what news in salcon?

Posted by Topdeck > 2015-06-15 09:06 | Report Abuse

CIMB

Posted by sheep > 2015-06-15 09:35 | Report Abuse

In the star today
CIMB Research upbeat on Salcon’s rail based fibre optic asset.

KUALA LUMPUR: CIMB Equities Research in upbeat on Salcon – which is a small to mid-cap water and sewerage contractor – which is positioned strongly in two major sectors that drive the domestic construction space.

It said on Monday Salcon’s rail-based fibre optic asset through 50.1%-owned Volksbahn Technologies (VBT) which is a concession that is still in its infancy but offers prospects of dominating the captive rail transport segment.

“We initiate coverage with an Add rating and a target price of RM1.30, pegged to a 20% RNAV discount (52% upside). Potential catalysts are job wins and VBT's new contracts,” it said.

CIMB Research said Salcon operates in a market segment that has fewer players but offers good margins. It is a play on the recovery of the government's nationwide water infrastructure spending and backlog of water capex in Selangor.

Salcon made headlines last year when its consortium won the largest ever water treatment plant (WTP) project (Langat 2 phase 1).

On the property side, the possibility of more JVs with Eco World suggests exciting prospects.

Also, Salcon is one of the three largest landowners around the KL118 tower, which could benefit from a transformation of the entire area similar to Petronas Twin Towers.

CIMB Research sees a lot of upside from Salcon’s stake in VBT, which owns the 15-year rights-of-way for 108km of mostly LRT infrastructure, to be monetised by laying fibre optic cables and selling bandwidth wholesale to telco operators, with more scope of revenue generation.

“For Salcon, here lies the longer-term potential of: 1) moving from volatile but above-industry average construction margins to stable high-double-digit pretax margins, and 2) predictable cash flows, with potentially higher dividend.

“VBT had inked an MoU with Celcom on April 20, and may sign an official contract in the short term. We believe other telco's could join the bandwagon,” it said.

CIMB Research believes Salcon deserves to be valued at a narrower 20% RNAV discount versus its peers, as it is comparable to the bigger and more mature construction conglomerates.

Its net cash constitutes 30% of its market cap (1QFY15 net cash per share: 25.2 sen). There is still upside to RNAV, as its base-case DCF value for VBT accounts for 5% (7.3 sen a share) of RNAV.

“We forecast three-year EPS CAGR of 76% driven by new profit streams,” it said.

Posted by Topdeck > 2015-06-15 10:18 | Report Abuse

Weaken d

Posted by asriruslan > 2015-06-15 10:28 | Report Abuse

buy and keep for long term >short term klci will drag to 1700>

Posted by Sebastian Sted Power > 2015-06-15 14:29 | Report Abuse

Najis liao... share market like najis now

Posted by hardcoreprince > 2015-06-18 10:35 | Report Abuse

1MDB stunt all from this counter

Posted by hardcoreprince > 2015-06-18 10:37 | Report Abuse

Mr Sheep ar... all these stupid report fake wan... cannot believe... wtf!!! up buy they unload to u... if its so obvious why wan to write report all?

Posted by AnakTimur > 2015-06-18 10:43 | Report Abuse

Hardcore prince, empty vessels make the most noise, all these die hard sell-side reports....A
nalysts must be making a fortune, "side income"......LOL

Posted by hardcoreprince > 2015-06-18 11:27 | Report Abuse

all these analyst sure fake la.... that day they wan to offer me job as analyst pay salary 3k only apalah.... how to stay alive sure need side income la....

Posted by stteck > 2015-06-19 18:25 | Report Abuse

New contract, 24.3 mil Yeh!!!!!

Posted by Taka > 2015-06-19 19:09 | Report Abuse

Salcon unit bags RM24.35m construction job

http://www.theedgemarkets.com/my/article/salcon-unit-bags-rm2435m-construction-job

Posted by tham hoe yean > 2015-06-19 21:20 | Report Abuse

24mil is just kacang putih la... net profit for construction work not very high.

Posted by tham hoe yean > 2015-06-19 21:23 | Report Abuse

A multi bil property project with ecoworld in jb will launch next quater, thats the true meat that i waiting for.

Posted by cswee > 2015-06-20 19:06 | Report Abuse

good lah

Posted by valueinvestor > 2015-06-22 20:35 | Report Abuse

http://klse.i3investor.com/blogs/sin_chew_hot_stocks/78510.jsp

Posted by stteck > 2015-06-24 10:32 | Report Abuse

A leading water and wastewater specialist in Asia. Salcon is a premier water and wastewater engineering treatment specialist in Malaysia and other Asian regions since 1974 with a market capitalization of more than RM700m. Over the years, the Group has completed more than 900 water and wastewater projects in Malaysia, Thailand, Sri Lanka, Vietnam and China.
In terms of prospects for water and wastewater projects, in the National Budget 2015, the Government will formulate a National Water Blueprint to ensure sustainable long-term water supply nationwide. These include holistic management of rivers, construction and improving water treatment plants all of which are expected to create opportunities for the Group.
Salcon is currently tendering over RM1.8bn worth of water and wastewater related contracts . Malays ia remains the core market for the Group’s growth and expansion especially in the area of wastewater treatment where the Government is moving towards the construction of centralised sewage treatment plants in various cities and major towns to meet the growing needs . The Group has also submitted more than RM650m worth of tenders in Sri Lanka.
In year 2012, Salcon diversified into property development industry to offset the lumpy construction and infra earnings. Its maiden project RES280 (located within Taman Selayang Jaya and Kepong with GDV RM157m) is expected to start contributing positvely by FY12/2017 upon full completion.
JV with Ecoworld. Its plans to further grow Eco-Mid Town (strategically located within the Flagship Zone A of the Iskandar Malaysia) are likely to begin materializing in 2016 via a proposed RM1.2bn GDV mixed development (50:50 JV with Ecoworld) on a 12.5 acre land in Johor city centre, comprising retail outlets, serviced residences and strata shop-cum-apartments.
Belfield Crest - the new epicenter of growth in downtown KL city. Salcon’s other venture (not with Eco World) is the 70%-owned Belfield Crest, located in the vacinity of the de velopment of the RM3-5bn KL118 tower (118- story Menara Warisan Merdeka). The RM1.3bn GDV comprises a hotel, service apartments and service suites (in planning approval stage).
New recurring income stream from VBT. In May 2014, Salcon acquired a 50.1% stake in Volksbahn Technologies (VBT) Sdn Bhd for RM23.5m. VBT provides integrated technology services for the Prasarana group of companies - the asset owner of major LRT and monorail networks in Klang Valley. VBT has been granted exclusive rights to lay 108km of fibre optic cables on Prasarana's rail network and premises for up to 15 years (5+5+5). VBT has recently signed an MOU with Celcom Axiata to enhance connectivity and digital services for LRT and monorail users in the Klang Valley.
Its 3 sen net dividend will go-ex on 26 June. Following the disposal of its water assets in China last year, Salcon has strong balance sheet with netcash of RM173m or 25 sen in 1Q15. It will also pay a 3 sen tax-exempt final dividend for FY12/2014 (goes ex on 26 June).
Poised for an impending “flag” breakout. Chart-wise, since hitting YTD high of RM0.955 on 21 Apr, Salcon’s s hare price has been consolidating above lower Bollinger band near RM0.825 and form ed a continuation “Flag” pattern on daily chart. Hence, share price is expected to resume its previous uptrend as readings from daily oscillators are on the mend, which bodes well for an impending Flag breakout.
Immediate resistance level is RM0.87 (downtrend line or 38.2% FR). A decisive breakout above RM0.87 will spur prices higher to test RM0.905 (15 June high), RM0.955 and our long term target price of RM1.00 (measurement objective of Flag breakout). Major supports are situated at RM0.825 and RM0.80 psychological level. Cut loss below RM0.77.
Source: Hong Leong Investment Bank Research - 24 Jun 2015

Posted by bsngpg > 2015-06-24 11:21 | Report Abuse

ssteck : thks for the info.

Posted by klmanutd > 2015-06-24 13:59 | Report Abuse

http://www.theedgemarkets.com/my/article/selangor-sign-supplementary-water-agreement-putrajaya-tomorrow-0?type=Markets

Posted by stteck > 2015-06-24 17:41 | Report Abuse

Goreng 3 cents for ex div?

Posted by stteck > 2015-06-24 18:10 | Report Abuse

傳今簽署補充協議‧水務股久旱逢甘霖

24 Jun 2015, 05:19pm

市場盛傳，雪州政府可能在週四與中央政府簽署水務補充協議，為曠日持久的水務整合計劃注入活水，水務股也久旱逢甘霖，股價紛紛應聲上揚。

（吉隆坡24日訊）雪州水務整合解套在望？市場盛傳，雪州政府可能在週四與中央政府簽署水務補充協議，為曠日持久的水務整合計劃注入活水，水務股也久旱逢甘霖，股價紛紛應聲上揚。

消息人士稱，雪州行政議員將在今日開會，並對是否通過明日簽署的水務補充協議作出表決。

“這項補充協議是在主要協議（Master Agreement）於3個月屆滿後擬定的，以解決無解的問題。”

商業高峰上揚11仙

雪州水務整合有望打破僵局，投資者紛紛進場扯購水務股，其中商業高峰（PUNCAK，6807，主板基建計劃組）漲勢最強，盤中最高起17仙或6.42%至2令吉82仙，創下今年1月22日來最高，閉市收在2令吉76仙，上揚11仙。

雪州柏朗桑（KPS，5843，主板貿服組）和金務大（GAMUDA，5398，主板建筑組）則分別起7仙和2仙，報1令吉47仙和4令吉96仙。

受到水務整合困局影響，水務類股表現低迷，其中商業高峰今年已下跌7.25%，金務大跌幅為1%，僅有雪州柏朗桑小起0.7%。

能源、綠色工藝與水務部長拿督斯里麥西慕與前雪州大臣丹斯里卡立是在2014年9月14日簽署主要協議，以成立一家雪州水務管理私人有限公司（專門負責雪州、吉隆坡和布城水務）負責接管4家水供公司，以重組水供工業。

雪水務問題2個月內解決

不過，基於雪州政府拒絕第三度延長主要協議期限，促使相關協議在今年3月宣告失效。

麥西慕在上個月指出，雪州水務問題將在2個月內解決，而冷岳2濾水站和輸送系統工程將獲得延續。

他說，雪州政府已承諾將加快冷岳2濾水站和輸送系統工程所需的批准和土地頒佈進程，同時雪州政府也同意重啟主要協議洽商工作。

柏朗桑：雪政府暗示將解決

雪州柏朗桑希望雪州水務整合能於近期內解決，以順利完成脫售旗下雪州水務（ABBAS）和雪河公司（SPLASH）的計劃。

柏朗桑主席拉惹拿督依德利斯說，今日在股東大會上向股東傳達水務整合活動即將晉入尾聲的進展，州政府暗示將在未來幾個月解決，希望這能獲得解決。

詢及是否要求開出更高價格，因握有雪河公司40%股權的金務大要求更高價，他說，雖然柏朗桑公司掌握雪河公司的30%股權，然而他表示不能代表金務大發言。

他指出，旗下兩家水務資產基本上已同意脫售價，倘若其資產受“強制接管”，那麼蒙受的損失將更大。

在整合雪州水務資產遲遲無法完成後，去年3月間聯邦政府和雪蘭莪州政府表示可援引2006年水務服務法令114條文，強制接管（force takeover）四個水務資產，分別為雪州水供公司（SYABAS）、商業高峰有限公司（PNSB）、雪州柏朗桑旗下雪州水務和雪河公司，並根據特許經營權合約的賠償模式作賠償。

金務大不脫售
或強制收購

他指出，若援引114條文，同樣的情況也會發生在金務大。

他強調，他並不代表聯邦政府、州政府或金務大發言，倘若金務大不願脫售，然而可援引114條文強制收購，這些風險是金務大須考量的。

無論如何，他不希望聯邦和州政府援引上述強制接管條文，這將使事情更糾結難清，使過程更為冗長。

他指出，已獲州政府獻議收購的旗下兩大水務資產，常年回酬為12%，董事部也原則上接納該獻議，並預計近期簽約，惟之前須獲得股東對相關售價核准。雪州柏朗桑也有自己內部的精密審核。

他指出，在脫售水務資產問題上，將有主要顧問和獨立顧問供諮詢，以諮詢股東是否接納上述售價。

他在上述水務資產的售價上保持中立，表明若獨立顧問要求更高售價，這由股東去作出決定。

他說，管理層和董事部在接納上述獻議時，是從全盤角度考量，包括也把援引援引2006年水務服務法令114條文的風險考量在內。

他指出，雪州柏朗桑被拖欠達10億令吉，管理層和董事部認為應該接受有關獻議。另外，商業高峰和其股東也已接受脫售水務資產，因此不再認為有任何理由不接受。

他指出，一旦州政府已完成雪州水供公司和商業高峰的整合事宜，接下來便輪到旗下兩家水務資產。

他說，雪州水務資產已延期達6次，期許旗下兩家資產也輪候獲得解決。柏朗桑在雪州水務持股93.8%。

【相關新聞請點大事件：雪州水供糾紛】

Posted by cswee > 2015-06-24 23:19 | Report Abuse

up salcon up

Posted by Sebastian Sted Power > 2015-06-25 15:24 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/06/25/Salcon-on-the-lookout-for-investments/?style=biz

Posted by MrChiang > 2015-06-25 15:59 | Report Abuse

They must be getting this wrong. the price should be moving up not down

Posted by stteck > 2015-06-25 23:57 | Report Abuse

持3億現金實康物色投資

財經企業25 Jun 2015 20:31
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轉寄 列印 字体:
　（八打靈再也25日訊）實康（SALCON，8567，主要板貿服）在脫售全數中國水務特許經營資產后，將取得3億1000萬令吉現金儲備，可供物色其他投資機會。

　實康執行董事拿督梁國華指出，9項水務特許經營資產當中，公司已完成脫售8項水務特許經營資產，目前持有2億7000萬令吉。

　梁國華在實康常年股東大會結束后說：“一旦在第3季完成脫售剩下位于山東的水務特許經營資產，可獲得4000萬令吉資金。屆時，公司將手持3億1000萬令吉現金儲備。”

　在手持龐大現金儲備，實康的工程與建築業務又無需額外資本下，他說，公司將動用該筆資金，尋求其他投資機會。

Posted by stteck > 2015-06-26 00:15 | Report Abuse

Salcon confident of securing 30%-40% of RM2b tender book

By Azril Annuar / theedgemarkets.com | June 25, 2015 : 1:49 PM MYT
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SUBANG JAYA (June 25): Water infrastructure specialist Salcon Bhd ( Financial Dashboard) (fundamental: 1.65; valuation: 1.2) is optimistic of securing between 30% and 40% of its RM2 billion tender book by end 2015, despite the opaque economic outlook.

Speaking after the company's annual general meeting today, its executive director Datuk Eddy Leong Kok Wah said that on an average the company’s success rate on its tender book was at around 20%, but if they were lucky they could hit the targeted figure this year.

“The tenders mainly consist of domestic projects and amount up to RM2 billion, out of which RM1.25 billion is local and RM750 million is overseas. We have around eight local projects going on right now and five in Sri Lanka.

“If we can secure one of the local contracts this year, we can easily secure 30%–40% of our RM2 billion tender book. But it still depends on the party … but we do know we are in the running. We are optimistic. We have our track record. And we are trying hard,” said Leong.

He also added that they are quite comfortable after receiving payment for eight out of their nine concessions in China. Currently, Salcon is sitting on RM270 million as a result of disposing of its China portfolio.

“Currently the final concession is under arbitration. The issue with our partner in Shantung is that they want to buy the shares from us but they don’t want to pay the same amount that our Beijing client is willing to pay.

“We are confident of the matter resolving itself and we hope the arbitration will be resolved by third quarter this year,” said Leong who said that they are now looking at areas to invest their China proceeds as some shareholders were not happy with the small 3% bank interest rate it gains as “sleeping money”.

Moving forward, Salcon also hopes that its diversification into the property market and the telecommunications market will contribute to their future revenue when compared to their more traditional water treatment and waste water business.

“We have secured a 15-year concession with Prasarana (Malaysia Bhd ( Financial Dashboard)) to lay fibre optics along monorail and LRT lines, providing broadband to the rail service. It’s known as Vox Bahn Technolog (VBT) and we have already laid the cables in January and are now negotiating with all the major telcos.

“We want to work with them and see how we can provide them with this fibre optic facility and they will lease it to the end user or subscriber,” Leong said.

He also added that they have three land banks that are being developed but due to “turbulent times” Salcon is taking more time with it.

“We have diversified a bit into property development. We have got our first project in Selayang (Selangor), building 280 units of apartments, [which we] hope to deliver by end of next year. The pick-up rate is 70% and above, so it’s quite positive,” said Leong adding that its estimated gross development value is at RM160 million to be factored in next year.

Salcon’s other land banks include a 12.5-acre lot in Johor Bahru and five and a half acres in Kampung Attap, Kuala Lumpur.

Posted by hhc8 > 2015-06-26 16:06 | Report Abuse

what happened to the signing?

Posted by Sebastian Sted Power > 2015-06-29 09:10 | Report Abuse

keep droping! something happen

Posted by phyroxus > 2015-06-29 09:19 | Report Abuse

fail to secure project?

Posted by Sebastian Sted Power > 2015-06-29 09:43 | Report Abuse

someone keep disposing

Posted by MrChiang > 2015-06-30 12:01 | Report Abuse

another pathetic counter

Posted by MrChiang > 2015-07-02 15:24 | Report Abuse

the company that sits on cash

Posted by Sebastian Sted Power > 2015-07-03 16:33 | Report Abuse

no need scare la.. drop then the company buy back the share

Posted by shortybones > 2015-07-08 10:22 | Report Abuse

Free Falling

Posted by mhelmi80 > 2015-07-09 09:13 | Report Abuse

company still buy back shares but the price fall

Posted by pradeep > 2015-07-09 17:38 | Report Abuse

see before raya any agreement to be executed just be positive .fundamental good so not to worry

Posted by etal > 2015-07-10 11:01 | Report Abuse

http://www.theedgemarkets.com/my/article/muhyiddin-witness-signing-selangor-water-supplementary-agreement-today

Posted by rafiquemattahir > 2015-07-10 15:11 | Report Abuse

http://tv.selangorku.com/77772/mb-isu-air-selesai/

Posted by tham hoe yean > 2015-07-10 17:21 | Report Abuse

long waited moment finally inked between two parties. Salcon time to fly!

Posted by pradeep > 2015-07-15 00:51 | Report Abuse

Should clòse above 0.80 soon

Posted by Wang Masuk > 2015-07-15 09:47 | Report Abuse

good to fly..long waited

Posted by tham hoe yean > 2015-07-16 13:53 | Report Abuse

Monday fly up to 0.8

Posted by cschen > 2015-07-21 09:12 | Report Abuse

Yes... Today will fly over 0.80...... good news from Selangor Government.....

Posted by dragonking > 2015-07-21 09:15 | Report Abuse

nvm,,,still plenty opportunity, if you do your homework,,,