That's why I allocated more than 20% of my capital to Japan...I started there in 2017, two years before WBuffett started to notice great values in those islands. Yesterday, one of those undervalued stocks(AIDA Engineering) which I bought for ¥ 799.7 around GE time last yr, finally hit a 52-wk high of ¥ 882 after already paying a ¥ 30 dividend...
Really helps my morale when this cowboy mkt entered a BEAR in 2018 which has never really ended apart from brief P&Ds in '20-'21.
There is no online platform so far. Through various IBs(eg Maybank), you can do old-fashioned fax order to KL which will call a broker in Tokyo to execute your order. Only Jpn nationals can do online trading, so us foreigners have to put up with this system for a while... Regardless, I've managed to earn on 36 Japanese stocks so far with the 6th Anniversary of my first trade there coming up in July & Jpnese dividend income is up to 15-20% of total dividends this year.
There are 3 listed Tower biz companies in bursa: Redtone, Ock & Rohas Redtone fundamentally superior to Ock & Rohas Redtone PE 8x, OCK PE 12x, Rohas PE 10x. And Redtone giving 2.5sen = 3.9% dividend
I bought some after the big selldown last year @ 27.68c after dipping my toes in @ 32.88c subsequent to selling most of my original stake @ 65c in 2019...Today, a JACKPOT news!!!😘 :
ROHAS TECNIC BERHAD (“RTB” OR “THE COMPANY”) - LETTER OF ACCEPTANCE ON RTS LINK PROJECT PACKAGE 8: CONSTRUCTION AND COMPLETION OF BUKIT CHAGAR’S FAÇADE FOR MALAYSIA RAPID TRANSIT SYSTEM SDN BHD 1. INTRODUCTION The Board of Directors of Rohas Tecnic Berhad (“RTB” or “Company”) is pleased to announce that RohasEuco Industries Bhd – Sediabena Builders Sdn Bhd Consortium (“Consortium”), comprising Rohas-Euco Industries Bhd (“REI”), a wholly-owned subsidiary of the Company, and Sediabena Builders Sdn Bhd (“SBSB”) has on 8th January 2024 signed the Letter of Acceptance issued by Malaysia Rapid Transit System Sdn Bhd (“MRTS”), a subsidiary of Mass Rapid Transit Corporation Sdn Bhd in respect of the construction and completion of Package 8 Construction and Completion of Bukit Chagar Station’s Façade for the Rapid Transit System Link Johor Bahru – Singapore Project (“RTS Link Project - Package 8”). 2. INFORMATION ON THE CONSORTIUM, REI AND SBSB 2.1 Consortium The Consortium comprising REI and SBSB was formed pursuant to an agreement between REI and SBSB dated 20th October 2023 for the purpose of bidding for the RTS Link Project - Package 8 and to undertake the execution of the RTS Link Project - Package 8, if awarded. Upon award of the RTS Link Project - Package 8, REI and SBSB will enter into a detailed joint venture agreement with the following proposed equity ratio: REI: 70% SBSB: 30% 2.2 REI REI is a public limited company incorporated in Malaysia and having its registered office at 15th Floor, East Wing, Rohas Tecnic, No. 9, Jalan P. Ramlee, 50250 Kuala Lumpur. The issued and paid-up share capital of REI is RM73,787,229 comprising 68,377,306 ordinary shares. The principal activities of REI include (1) design and fabrication of steel structures for high-tension transmission towers, microwave towers and substations structures; and (2) provision of other fabrication and installation works. 2.3 SBSB SBSB is a private limited company incorporated in Malaysia and having its registered office at 2A, Jalan SS 25/22, Taman Mayang, 47301 Petaling Jaya, Selangor Darul Ehsan. The issued and paid-up share capital of SBSB is RM5,000,000.00 comprising 5,000,000 ordinary shares. The principal activity of SBSB include the design, supply, fabrication and installation of steel structures and other general contract works. 3. SALIENT TERMS OF THE LETTER OF ACCEPTANCE The salient terms of the Letter of Acceptance, are inter alia as follow:- (a) the total contract sum for the RTS Link Project - Package 8 is RM199,839,123.00 (Ringgit Malaysia One Hundred Ninety Nine Million Eight Hundred Thirty Nine Thousand One Hundred Twenty Three Only), which shall be inclusive of the prevailing Sales and Services Tax; and (b) the RTS Link Project - Package 8 is expected to be completed by 31st May 2025.
What kind of useless analysis is that???? Failed to catch it when it was really LOW-priced like I did then just say so la...already pump up so much then only issue useless advice!🤣😂🤣
Rohas and its engineering involvement in power transmission grids and water & sewerage treatment is poised for a bright future moving forward with the way macroeconomics is moving and its emphasis on green tech and water scarcity the world is facing/parts thereof will face. Just basic supply and demand.
Oh and the bagging of the RM199.84m JB-Singapore RTS Bukit Chagar facade contract might serve them down the line in terms of revenue and share price performance.
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