Pintaras Jaya (PINT MK) Technical BUY with +18.0% potential return Last price : RM4.05 Target Price : RM4.53, RM4.78 Support : RM3.78 Stop-loss: RM3.76 BUY with a target price of RM4.78 with stop loss placed below RM3.76. Following a correction from the recent high of RM4.12, PINT has established support at RM3.78 as it has gradually rebounded along with an increasing trading volume in the last 4 days. A bullish crossover in Stochastic suggests a surge in momentum which is likely to help the share price retest the recent high in the near term. Given the bullish crossover between the +DI and ADX lines, we opine that the rebound could lead to the creation of a new up-leg, thus we peg our medium-term upside target at the 1.61x Fibonacci extension level of RM4.78.
Wahz lim two weeks ago ppl asked u to ride ptras u don't want Now u are entering ptras zone.... U sure buying? Make sure don't play contra here ok lim Brunei Kekekekekkekekekkek
Johnny boss, you upgrade target price RM 1 just in few weeks time, old one not valid anymore? ??
johnny cash Pintaras Jaya (PINT MK) Take profit with potential downside of 6.1% Last price : RM3.80 Target Price : RM3.58 Resistance: RM3.96 Stop-loss: RM3.98 SELL with a target price of RM3.58 with stop loss placed above RM3.98. Following our triple BUY call on 14 Mar 14, 4 Apr 14 and 9 Apr 14, PINT’s share price has surged, exceeding our target price of RM3.60. As the share price retraced from the recent high of RM4.12, PINT formed a “bearish engulfing” pattern that closed below the 10-day SMA line yesterday. In our view, this signals further correction ahead. Our view is supported by a bearish crossover in RSI and negative reading in Stochastic which should translate into further weakness. Support can be seen at the 50.0% Fibonacci Retracement Level of RM3.58, which serves as our near-term target for now.
Hi KC, what's your opinion on the quarter results? Good, bad or within expectations? From quick glance total revenue up but net profit down, will this invite selling pressure tomorrow? Thanks.
Posted by up_up_up > May 21, 2014 08:41 PM | Report Abuse
Hi KC, what's your opinion on the quarter results? Good, bad or within expectations? From quick glance total revenue up but net profit down, will this invite selling pressure tomorrow? Thanks.
I have answered your question right to the point here:
Drop in net income is mainly due to non-cash RM4mil accounting treatment for ESOS. It is just an accounting treatment, what you have to worry about is the dilution of shares, i.e. 7.2mil new shares by the directors once exercised. However, take comfort that the directors' interests are more aligned to the company's success as their compensation is dependent on the company's performance.
Another thing to worry about is the drop in dividend payout. But you should not worry too much about this as the company has record orderbook and probably anticipating some new projects/ capital expenditure needs thus paying less dividends.
I will buy if the share price drops >5%.
Esos was granted as below:-
The Board of Directors of Pintaras Jaya Berhad ("the Company" or "PJB") wishes to announce that the Company has offered the options under Employees' Share Option Scheme to eligible persons of PJB and its subsidiaries, the details of which are set out below :-
(a) Date of offer : 21st March 2014
(b) Exercise price of options offered : RM2.83*
(c) Number of options or shares offered : 7,240,000
(d) Market price of its securities on the date of the offer : RM3.12
(e) Number of options or shares offered to each director, if any :-
Name Designation Options Offered Dr Chiu Hong Keong Managing Director/Chairman 1,500,000 Khoo Keow Pin Executive Director 1,200,000 Khoo Yok Kee Executive Director 1,000,000 Chiu Wei Wen Executive Director 750,000
(f) Vesting period of the options or shares offered : 0 - 4 years from the date of offer.
the 6% single-tier after last bonus issued should be quite good indeed, the steady growth of the company driven from strong performance of both manufacturing and construction division, more significant result will shown in next coming quarters, I'm quite satisfied in overall and thus accumulated more this morning.
Although what the tile said is true but it should explain in more details of the reasons that affected the financial performance. I don't see a problem giving ESOS to the employee, furthermore to the director. The awarded contract not even included in the financial yet and usually the last quarter will be much better than the rest. I will buy even more if it drops.
KUALA LUMPUR: RHB Research maintains its Buy rating on Pintaras with a fair value of RM4.61 in line with the research house one-year forward target price/earnings of 10-16 tiimes for the construction sector.
In a note on Thursday, the research house said Pintaras balance sheet is strong, with net cash of RM110.1mil, or 69 sen/share.
“On top of this, it had portfolio investment managed by external fund managers with a market value of RM50.4mil, or 31 sen/share,” it said.
It said Pintaras’ 9MFY14 results met its forecast, where the company is a good proxy to the buoyant piling segment, backed by the Klang Valley MRT project, a proliferation of high-rise developments, and capacity shortage, which will boost piling rates.
Its key strengths include its full range of piling machines and in-depth knowledge of ground conditions, RHB said.
It said that Pintaras recently secured two sizeable contracts with a combined value of RM145mil.
“These two jobs have almost doubled its outstanding orderbook to RM295mil from RM150mil, and, for the first time, effectively filled up its expanded capacity of about RM300mil from RM150mil, backed by about RM100mil capex in recent years,” it said
Tomorrow is the ex-date for an interim dividend of RM0.06. Expect to receive full year dividend of RM0.150. Totally agree with kcchongnz that this counter should be kept as long as the quality of the stock is intact.
The Board of Pintaras Jaya Berhad ("PJB") is pleased to announce that the Company's wholly-owned subsidiary, Pintaras Geotechnics Sdn. Bhd. has, on 10th June 2014, received a Letter of Award dated 9th June 2014 from Quantum Quest Sdn. Bhd. to undertake earthworks and piling works for a proposed building project at Section 87A, Jalan Tun Razak, Kuala Lumpur. The said works is to commence on 23rd June 2014 with a completion period of 15 months. The contract is valued at about RM32 million.
The said contract is expected to contribute positively to PJB Group's future earnings.
None of the Directors or Substantial Shareholders or persons connected to the Directors or Substantial Shareholders has any interest, directly or indirectly in the said contract.
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....
林俊松
6,930 posts
Posted by 林俊松 > 2014-05-12 17:40 | Report Abuse
Tomorrow Wesak's day?
Market close?