i personally think potential is there to go up by looking at the holding percentage by EPF + previous track records. Not to mentioned those glove or pharma counters, Well we all know lots of businesses was heavily affected due to the pandemic and definitely it takes time to pick up. Whether will it drop further will all depends on how well the 2nd wave is controlled but it seems we have yet to see any recovery momentum yet. Emphasizing on mid/long term investment, it will be good to keep. This is just my views.
Many prospects and opportunities coming , May be that is why EPF collecting . Bandar Malaysia , ECRL, HSR. Country need construction to lead the economy recovery.
believe or not this counter will go back more than rm1 in next 1-2 years. 300% for long term. :) ignore the small margin loss now.. invest for long term :)
This counter definitely undervalued . Although fewer construction projetcs, there are few good piling contractors around. A more realistic PE, the price should be around 60.
^^ Hahahaha... I like.... Because trapped but realistically looking into construction sector, every counters are undervalued now due to of course political uncertainty + virus effect. Buy on weakness is true for some reason...
52week low 0.30 sen. actually all construction company are in deep shit, econbhd, gbg, gadang..right now construction index close to all time low. we just need to bear with it.
KUALA LUMPUR (Aug 17): RHB Investment Bank Bhd has initiated coverage of Econpile Holdings Bhd at 60 sen, a "buy" rating and target price of 74 sen.
In a note today, RHB Investment Bank analysts Muhammad Danial Abd Razak and Eddy Do Wey Qing said Econpile’s advanced array of piling equipment thanks to aggressive expansion efforts have given the company strength despite the downturn in local activities, which should bolster its foothold, and enhance its ability to provide end-to-end piling and foundation solutions for clients.
Econpile’s order book is worth RM700 million, which should provide revenue visibility over the next two years, the duo said.
“Despite the challenges brought upon by Covid-19 and the collapse in oil prices in 1H20, prospects look brighter, as economic activities re-start and pick up.
“Activities in the property sector are likely to improve gradually, following multiple initiatives taken to hasten recovery. These include relief measures such as the Home Ownership Campaign (HOC), real property gains tax (RPGT) exemption, and the lifting of the loan-to-value cap,” the analysts said.
A good reputation among clients was cited by the analysts as an additional point of optimism for Econpile.
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....
Sunshine123
301 posts
Posted by Sunshine123 > 2020-10-16 09:21 | Report Abuse
Any sifu has anything to say about Econbhd? I like this counter, but am not sure why the price has been falling.