FITTERS DIVERSIFIED BHD

KLSE (MYR): FITTERS (9318)

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Last Price

0.035

Today's Change

-0.005 (12.50%)

Day's Change

0.035 - 0.035

Trading Volume

42,000


16 people like this.

4,753 comment(s). Last comment by whistlebower99 1 week ago

tjhldg

27,218 posts

Posted by tjhldg > 2014-11-25 21:05 | Report Abuse

kikikikikikiiiiiiiiiiii ... chiong vol more than 2 m then should be huat huatttttttttt

jfanalytic

140 posts

Posted by jfanalytic > 2014-11-25 22:43 | Report Abuse

come goreng la.. wait until flower dies edy.

jtpc2006

984 posts

Posted by jtpc2006 > 2014-11-26 08:25 | Report Abuse

here's the full article:
Stock to Watch - FITTERS & FITTERS-WB (Possible Trend Reversal)

FITTERS forming higher low and resisted by short term downtrend trendline. Buying interest can be seen recently and breakout from trendlline may rally towards 0.855 and you might see FITTERS-WB at 0.32. Positive reading from MACD and stochastic indicating that possible trend reversal in near future and we reckon the share price may rally towards the previous resistance RM1 in midterm if able to breakout RM0.855 with high volume.

Fundamental (From my friend)
Fitters's current business segment:
1. Fire services
2. Property development & construction
3. Renewable & waste -to-energy

Other than sustainable income from current properties development in the next few years, Main catalyst for Fitters' shares price will be its future major revenue generator: PVC-O pipes manufacturing. This segment will contribute positive earnings to Fitters starting 2015. Its 3 production lines, which will be ready by end 204, will be able to produce 11,000 tonnes or 3700 km of pipes worth RM150million with another 3 production lines planned for 2015.

Existing market for pipes replacement is huge, with more than RM11billion worth of pipes due for replacement locally.

Fitters' outlook for its pipes manufacturing is bright, as PVC-O pipes are higher impact resistence and has a longer lifespan of 50 years compare to conventional steel based pipes.

Besides, Fitters has announced its plan to list its renewable energy unit, Future NGR Sdn bhd, in Singapore and is seeking to raise between $20-25mil from the IPO.
Future NGR has formed JV partnership with AHT Services GMBH, a German biomass and coal gasification expert, to bring over biomass gasification technology to SEA region.

With all the earnings catalyst for the near future, further shareholder's value will be unlocked. Fitters' potential is not justified by its low PE of 8.5 times.

Let's Watch Closely!

Any investment decisions carried out based on information, analysis, or commentary provided here is solely your responsibility. You should consult your investment advisor before making any investment decisions.

Posted by Angel_Investor > 2014-11-26 10:07 | Report Abuse

Incoming solid quarter result to be expected!

cocacola

142 posts

Posted by cocacola > 2014-11-26 10:13 | Report Abuse

W !

Posted by C_Bee_Hong > 2014-11-26 11:35 | Report Abuse

sell first, regret later

cocacola

142 posts

Posted by cocacola > 2014-11-26 11:38 | Report Abuse

C_Bee_Hong.What are you talking about?

Cowboy

365 posts

Posted by Cowboy > 2014-11-26 12:21 | Report Abuse

Easily 1.20~1.30 next year.

Posted by C_Bee_Hong > 2014-11-26 13:20 | Report Abuse

my C_Bee pain

Kingston1

1,716 posts

Posted by Kingston1 > 2014-11-26 18:17 | Report Abuse

God damn! Qr out! Lousiest result ever.. walao!!

Kingston1

1,716 posts

Posted by Kingston1 > 2014-11-26 18:18 | Report Abuse

This time go holland liao laaaaaa

Posted by Jokerforever > 2014-11-26 18:34 | Report Abuse

Where u see the report? I can't find it..

lloydlim

3,962 posts

Posted by lloydlim > 2014-11-26 18:53 | Report Abuse

Eps 2.42, is it reasonable for Fitters as earning diluted with share split?

dextronium

282 posts

Posted by dextronium > 2014-11-26 18:58 | Report Abuse

I think the revenue and profit also drop eventhough before taking in the factor of dilution, but don't know the real reason....

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2014-11-26 19:06 | Report Abuse

property segment is the main reason lah, no worries, just keep for 1 year

dextronium

282 posts

Posted by dextronium > 2014-11-26 19:22 | Report Abuse

Thanks Yolooo for the kind input.

Kingston1

1,716 posts

Posted by Kingston1 > 2014-11-26 19:25 | Report Abuse

Profit and revenue are dropped. Guess main reason bcos of property part. PVC business revenue Hope can bring up result in next 2 quarters.

cocacola

142 posts

Posted by cocacola > 2014-11-26 19:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1806317

Read this if you need detail segmental information.

beso

2,137 posts

Posted by beso > 2014-11-26 19:34 | Report Abuse

so,share price will drop tomorrow,1st level support at 0.74,let see…

cocacola

142 posts

Posted by cocacola > 2014-11-26 19:48 | Report Abuse

Profit before tax decrease 23.4% mainly due to completion of ZetaPark. But the new ZetaSkye has only started this year and at 21% completion. we should be expecting better return by next quarters. Also the PVC-O earnings that will follow through in 2015.

Anyway, the share price will sure continue to drop in near term. Will definitely comeback when the valuation became more attractive.

Goodbye for now.

micky92

759 posts

Posted by micky92 > 2014-11-26 20:07 | Report Abuse

Do not think price drop so much pls take note pvc pipe will be operational in Dec 04 which bring additional revenue

jfanalytic

140 posts

Posted by jfanalytic > 2014-11-26 20:17 | Report Abuse

Disappointed with the latest QR. Have to wait PVC pipe business to set the flight next quarter.

UY

130 posts

Posted by UY > 2014-11-26 21:01 | Report Abuse

Interm of profit, it still have not bad in return with high percentage growth . This is what I focus rather than revenue . I keep it on.

jfanalytic

140 posts

Posted by jfanalytic > 2014-11-27 00:24 | Report Abuse

Will keep it too. Average down if it reaches 0.74. Cheers bro~

seanchin

21 posts

Posted by seanchin > 2014-11-27 09:53 | Report Abuse

mixed feeling of the report. Revenue decreased. net asset/share increased from 99.91 to 104.47, cash end of the period decreased as the "purchase of properties, plant & equipment" increased also. current ratio increased from 2.21 to 2.41.

lloydlim

3,962 posts

Posted by lloydlim > 2014-11-27 12:12 | Report Abuse

Limited downside now! Can buy?

jfanalytic

140 posts

Posted by jfanalytic > 2014-11-27 20:35 | Report Abuse

Contra > no. Mid to long term > Yes.

Cowboy

365 posts

Posted by Cowboy > 2014-11-28 16:41 | Report Abuse

Accumulate............

lloydlim

3,962 posts

Posted by lloydlim > 2014-12-01 10:12 | Report Abuse

Agree, time to accumulate!

Posted by stockinvester > 2014-12-01 11:31 | Report Abuse

Still can accumulate? Or should sell out?

cocacola

142 posts

Posted by cocacola > 2014-12-01 11:31 | Report Abuse

Maybe you want to think again. KLCI is in double top mode, death cross. and when was the last time you see 38 points drop in 2 and a half hours? This is only a beginning.

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2014-12-01 12:06 | Report Abuse

Stockinvestor, what is meant by pn4?

Posted by sohaioptimus > 2014-12-01 13:14 | Report Abuse

klci may look ok , but most mid cap stocks already crashed 20-30%

lloydlim

3,962 posts

Posted by lloydlim > 2014-12-01 22:28 | Report Abuse

Time to accumulate?

beso

2,137 posts

Posted by beso > 2014-12-01 22:37 | Report Abuse

not yet, wait & see 1st

chshzhd

1,908 posts

Posted by chshzhd > 2014-12-01 23:08 | Report Abuse

wait n c...

Posted by chiongster1234 > 2014-12-02 23:31 | Report Abuse

c c

aunloke

974 posts

Posted by aunloke > 2014-12-03 12:42 | Report Abuse

Do not be misled, the NP for the year will be around 40M work out the EPS yourself but take note of the share dilution.

cocacola

142 posts

Posted by cocacola > 2014-12-04 10:07 | Report Abuse

On Technical. Fitters already break Oct 16 low. Just like KLCI does. It is a time to be cautious. On Fundamental, there is potential to go lower since Pipe replacement business is closely link to Gomen budget. My two cents.

cocacola

142 posts

Posted by cocacola > 2014-12-04 10:23 | Report Abuse

Today KLCI rebound on technical, high chances a trap. Because there is no solid fundamental improvement on Malaysia economy. Mostly bad news. and what Zeti talk about "oil price still sustainable" is only to sprinkle water on fire. The damage is already there, Petronas already decided to cut Capex, O&G company already started retrench process. SKpetro too cut Capex. nothing is good really. Saudi expect oil to stable around 60. means they wont take any production cut measure until oil price breach below 60. and current oil prices still proven sustainable for Shale producer. means current capacity still potentially oversupply. Ringgit can be extremely vulnerable against the dollar due to ended QE and potential interest rate hike in the US. Carry trade has some very bad reputation and is closely link to 1997 crisis. Becareful. if you exited your position, you dont want to get burnt amid this negative market. I like Fitters, but now is simply not the time to invest in KLSE.

cocacola

142 posts

Posted by cocacola > 2014-12-04 10:26 | Report Abuse

damn. by the time I wrote this, KLCI is already reversed it's 10 points gain to 6 points loss!

madcow

526 posts

Posted by madcow > 2014-12-04 15:40 | Report Abuse

no matters how many of us acting like we are experts know alot of the oil price, this crap and that crap, in fact none of us here actually know what will happen eventually, buy/sell on your own risk

beso

2,137 posts

Posted by beso > 2014-12-04 16:48 | Report Abuse

can't hold 0.70, more downside to come

jfanalytic

140 posts

Posted by jfanalytic > 2014-12-04 19:37 | Report Abuse

this share is really cheap now.

xdxd

30 posts

Posted by xdxd > 2014-12-04 19:41 | Report Abuse

year end sale. :)

chshzhd

1,908 posts

Posted by chshzhd > 2014-12-04 21:51 | Report Abuse

Cheaper n cheaper: ()

beso

2,137 posts

Posted by beso > 2014-12-04 22:05 | Report Abuse

like cocacola's comment

ahlek888

163 posts

Posted by ahlek888 > 2014-12-04 22:37 | Report Abuse

mad cow, really mad? yah support at 0.69 already broken, let's hope tomorrow can climb or hold if not ...

Abudance

2,211 posts

Posted by Abudance > 2014-12-04 22:45 | Report Abuse

65 sen coming...

xioxiwo

20 posts

Posted by xioxiwo > 2014-12-04 23:13 | Report Abuse

how man? i followed brendonyeap recommendation and bought at the peak since he said will reach 1.80

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