Capital 21 bearing fruit! Property division PBT of RM16m (Q1) is already 40% of last full financial year of RM39m. How can this year not be excellent again? :D
Baru start turn to become big boy boy...hw can give bonus issue and free warrant?? need to wait 1-2 quarter wakakakaka from last quarter and this quarter signal is very strong already...kekeke
YOLOOOO sifu, one step setp come lar. tomolo good results up... up until high high then gif bonus and warrant, one time come out all good news then kenot go high high liao
For the current quarter, the Group posted revenue of RM149.38 million, an increase of 12.02% over the corresponding quarter of the preceding year. The Group’s profit before tax increased by 103.64% to RM25.88 million as compared to the corresponding quarter of the preceding year. The increase in revenue and profit before tax was mainly due to higher contributions from property activities. Further analysis of the divisional performances is as follows:
fantastic set of results. EPS 1Q16 double from 4.41 sens to 9.61 sens, if annualise 12month, 36 sens to multiple of 6 = RM2.16. Conservatively, take 12month EPS 30 sens to a multiple of 6 = RM1.80. Very solid counter with great YoY increase quarter after quarter.
I honestly dont know if it will be like KESM as even KESM took very long to reach where it is. And somehow Gadang multiple remained low at 6 times PE. Lets see how the market react. Should be positive provided the KLCI can sustain.
Something very interesting here, the management may not intentionally be trying to play game of under promise over deliver.
At the page 15 of the Annual Report (Chairman's Statement), the construction order book standing at some RM805M as at the end of FY2015. (Means order book as at 31/5/2015)
In the page 14 of the latest Quarterly Report (31/8/2015) announced on 29/10/2015, the following is stated:
"The Board expects the performance for the current financial year to further improve in tandem with the strong outstanding order book of some RM805.0 million for the Construction Division as the core revenue generator for the Group."
Where is the latest RM375M Pengerang, Johor project announced on 23 Oct 2015?
So, I believe the total construction order book up to 31/8/2015 is as follows:
Order book @ 31/5/2015 => RM805M Work Performed during the quarter period - (RM105M) (refer to page 12 of QR)
Order book @ 31/8/2015 => RM700M Work Performed for Sept & Oct - (RM70M) Project awarded in Oct - RM375M
Order book @ 31/10/2015 => RM1,005M (or RM1Billion)
The construction order book is enough to last for 2 years, at least.
Don't forget the Company had won the MRT2 project previously & the management is well positioned or connected to possibly get more MRT2 project in 2016/2017 as announced in the earlier Budget.
Most importantly, the commitment of the Management towards the investors relationship.
Total directors' remunerations received by all directors - RM1.75M Total Profits before Tax for the year - RM84.8M
% of the directors' remuneration = 1.75/84.8 = 2%!!!
I love that!
Unlike some companies, the directors are getting paid even the company is making losses OR few directors are getting more than half of the profits of the company. They take first then & balance shared by thousands of the shareholders.
New IPO: ES Sunlogy Berhad, a provider of mechanical and electrical (M&E) engineering services and renewable energy solutions, aims to list on the ACE Market!
MQ Trader 29 views | 4 h ago
0:17
New IPO: Techstore Berhad, an IT security and automation solutions provider, aims to list on the ACE Market!
MQ Trader 363 views | 2 d ago
0:17
New IPO: Richtech Digital Berhad, a distributor of electronic reloads and digital payment solutions, aims to list on the ACE Market!
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....
JN88
11,670 posts
Posted by JN88 > 2015-10-29 17:43 | Report Abuse
Next year more dividen/ wa ya...wakakakakakkakakaaka...next pohuat.