Technical Analysis =========== - PTARAS completed double top reversal on Aug 129 2018. (Duration: 1079 Trading Days / 3 years). It will have a great impact on shares price movement. - It reduced from peak with 48.10% since July 06, 2017. - There are 2 huge transaction volume on June 09, 2017 (High Volume-1) and April 04, 2018 (Hi
So, Piling Companies like Pintaras will be the first to benefit, so let's see the next few quarterly results before we take action to dump the shares now at rock-bottom prices.
Sampah stock ...Singapore has implemented the circuit breaker and foreigners are the highest contributor to the Covid19 pandemic....this will drag Pintaras
This Covid will definitely derail its construction work in Singapore. But factoring this in I still consider worth holding for: 1.This Co could work to Singapore government strict requirements. 2.its balance sheet is healthy. 3.imagine Malaysian Co earning Sing dollar.. 4.Singapore govt has big cash reserves. Thanks. Pls share
Pintaras Jaya Bhd has bagged a piling contract worth S$39 million (RM119 million) in Singapore. The 10-year contract will commence in August. In March, Pintaras Jaya had announced that it had won several piling contracts worth a combined RM116 million, with contract periods of between three and eight months.
It's a good stock but no active traders here. Don't u think they make more from business operations but write down their quoted investment. What is your take on their short n long term prospects with covid in Singapore ? Thanks
Agree with Zhangliang, next Q no operating profit & hope for some FV recovery. When work resume in Singapore then we can also see operating profit starting to roll out. Order book is good.
yes, high dividend too when times are good. well managed with healthy balance sheet and zero gearing. good corporate governance unlike many listed companies who rip off minority shareholders.
As the world grapples with Covid-19, the impacts and outcomes facing each country are different. Malaysia and Singapore so far appear to have handled the virus pandemic situation well but the economic impacts are very severe particularly for the construction sector. As Malaysia gradually recovers and construction sites resume work (4th May 2020) there is some hope the worst may be behind us. However, with the property sector remaining sluggish and subdued, Government led initiatives are necessary to maintain a meaningful recovery. More clarity on our future prospects should come after Budget 2021 in November 2020 and the 12th Malaysian Plan in January 2021. The outlook for the construction sector in Singapore appears more optimistic. Although the resumption of construction work after the Circuit Breaker (2nd June 2020) is slow due to the widespread infections of foreign workers, we can expect full utilisation of our rigs probably by October 2020. We have also witnessed the Government taking aggressive and concrete steps to support and assist businesses and are confident overall there will not be much, if any, reduction in construction project spending by the Government. Some delays and deferments of projects may happen but new ones can be expected. Our can manufacturing business has also been hard hit but recovery is ongoing and hopefully recover fully by year 2021. Overall, the Group’s financial performance is expected to remain positive in FY2021 mainly supported by our strong construction order book of close to RM400 million and tender book value at about RM3.5 billion. However, we have to be vigilant, nimble and undertake measures to face uncertainties and the extraordinary challenges ahead.
really like the way they articulate the commentary on their prospects. come across as informative, sincere and transparent in wanting to keep fellow shareholders informed.
and wow, a profitable qtr and another 6 sen dividend declared in arguably the worst period of the pandemic. together with the 4 sen interim paid on 15/7/20, gives a yield of 4.36% at current price of RM2.28. better than any current FD rates of around 2.25% for 1 year tenure.
great long term investment and dividend stock. they usually pay 20 sen dividend per financial year during normal times.
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PTARAS (9598)
March 23, 2019 | HONG WEI GIET
Technical Analysis
===========
- PTARAS completed double top reversal on Aug 129 2018. (Duration: 1079 Trading Days / 3 years). It will have a great impact on shares price movement.
- It reduced from peak with 48.10% since July 06, 2017.
- There are 2 huge transaction volume on June 09, 2017 (High Volume-1) and April 04, 2018 (Hi
More:- https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET