I believe Pintaras is heading north now. Recovery is on track and hopefully, it can pay 20 sens dividend in 2021 or a special dividend to compensate the drop in dividend in 2020.
Agreed...with Budget 2021 putting the construction sector to work...Pintaras is expected to start bidding for local jobs. Their Singapore arm is doing really well...
We can certainly looking forward to a better near terms prospect for FY2001 & FY 2002.
The first Q already shows a 40% increase in profit on the back lower construction activities due to the Covid-19. it is worth noting that all Singapore operations have restarted only by September 2020 and is currently operating at full capacity now, hence a much better contribution from the construction division is expected in the next Q. The higher profit was attributed to significantly higher investment income coupled with better performance achieved by the manufacturing division.
It is impressive for The Group's estimated outstanding construction order book currently exceeds RM500 million whereas the tender book value stands at about RM2.5 to 3 billion. The Board is positive on the performance of the construction division in FY2021 as the current order book is expected to support the Group's financial performance in FY2021.
On the manufacturing front, the Board expects the metal container operation to continue to provide the Group with a steady source of income based on stable domestic demand. We continue to develop on our product range, markets, efficiencies and quality.
The Board of Directors is of the opinion that the Group’s financial results will remain profitable for the remaining financial period of the financial year ending 30 June 2021
Construction in Malaysia actually have good prospect... just that the uncertainty is high due to unstable government and weak political direction for now... The sudden cancellation of HSR really hurting the construction and property sector now...
Another fantastic results for its latest 2 qtr. Amazing feat in a bearish environment for construction and property activities. Can and will only get better going fwd. well managed with good corporate governance. Thank you and keep up the good work to the board, management and all staff.
Likewise if you argue like this, their losses for 3 qtr ended 31/3/20 announced on 29/5/20 was also fake due to investment losses. Must be fair and tranparent in your argument. Otherwise will sound like a sore loser or sour grape.
Another stable and profitable qtr fr this well managed and prudent company in a very difficult industry and business condition due to the covid crisis. Congrats and thank you to the board, management and all staff for the good work. Keep it up and hope you will grow exponentially post pandemic.
Another big contract bagged in Singapore. Fantastic foresight to move their focus there. Rich, well managed, good corporate governance and bright prospect country unlike here.
A company so well manage that you have nothing to worry, just buy & hold and wait for capital appreciation and at the same time enjoy regular decent dividend.
When infrastructure, construction and property make a comeback which is just a matter of time, this company will be the first first to benefit because of its reputation, trust and credibility. That time will be too late to buy already. Go figure.
Quality fundamentals will always shine through. Just a matter of time. What ever the reason. Eventually investors will recognize it. Always do homework, focus on quality, buy more on dips and have confidence to hold very very long. Cheers.
000The Group's revenue of RM134.1 million in current financial quarter outperformed the preceding financial year's corresponding quarter of RM101.0 million by 33%. The higher revenue recorded in the current financial quarter was primarily due to increased construction activities and higher sales achieved by manufacturing division. However, the higher contribution from both the construction and manufacturing division was pared down by a net loss of RM3.6 million recognised on quoted investments. Profit in the preceding financial year corresponding quarter included a total gain of RM7.1 million on quoted investments. Construction Division The construction division achieved a notably higher revenue of RM123.2 million compared to RM92.5 million in the preceding financial year corresponding quarter. The higher revenue recorded in the current financial quarter was primarily due to greatly increased construction activities as many of the on-going projects were in the advanced stages of implementation. Despite the 33% increase in revenue, the profit increased marginally by about 5% or RM0.8 million as compared to the previous corresponding financial quarter of RM16.9 million, primarily due to higher provision for rectification cost of RM2.9 million recognised in current financial quarter from Singapore's operation. Manufacturing Division Sales from the manufacturing division grew by 28% to RM10.9 million in current financial quarter as compared to RM8.5 million in the same financial quarter last year, while PBT rose significantly by 125% to RM2.1 million from RM0.9 million recorded in the same financial quarter last year. The significant growth in profitability of this division is due to improved revenue and higher selling prices in current financial quarter, resulting in better cost absorption, operating efficiency and margins00000000000000000000000000000000000000000000000000000000000000000000000
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....
kancs3118
2,226 posts
Posted by kancs3118 > 2020-08-30 19:24 | Report Abuse
but i wonder - what is their investment in quoted securities? Whch company?