<Potential rerating amid strong orderbook, undemanding valuation and attractive dividend>
-its construction contracts worth RM1.3 billion and a sizeable outstanding balance of contract value approximately RM1.0 billion as at 31 December 2016 (lasting until 2020-2021).
-its existing property development project with ongoing & future GDV stood at ~RM4bn.
-supported by an attractive DY of 4.3%. First and Final Single Tier Dividend of 4.00 sen. Ex-date:21 Jun 2017
-with the completion of UiTM Tapah concession project and its refinancing exercise, expect better margins moving forward.
-tender book for 2016 exceeded RM2.8 billion and expect tender book to hit RM3.0 billion going forward.
Share prices are likely to witness further re-rating if CRESBLD delivers a stronger showing in FY17.
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....
spaghetti932
195 posts
Posted by spaghetti932 > 2016-11-01 16:26 | Report Abuse
what is the target price for this stock?