Its time to make profit from Eversafe. Many IPO always show pattern of share disposal at the beginning, only to pick up later when the profit starts coming in. You can refer to ptrans and I believe Eversafe will repeat ptrans.
FA wise there is not much to say because this is a new stock except it is expanding and so shall the price UPTREND will follow.
KUALA LUMPUR (June 21): AffinHwang Capital Research has maintained its “Buy” rating on Perak Transit Bhd (PT) at 30 sen with a higher target price of 40 sen (from 34 sen) and said the construction of Terminal Kampar is on track and we expect the facility to commence operations by 4Q18.
In a note today, the research house said that with approximately 400,000 sf of commercial space available, rental income and adex revenue will be additional income drivers for the bus terminal.
“Promotional events and advertisements have contributed significantly to the group’s revenue, but even more pronounced to its profitability.
“We are expecting PT’s revenue and core net profit in 2019E to grow by 24.2% and 51.0% year-on-year, when the new terminal is fully operational.
“Maintain Buy with a higher DCF derived target price of 40 sen, providing upside potential of 33.1%,” it said.
OTHERS APPROVAL GRANTED FOR APPROVED SERVICE PROJECT STATUS
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the Prospectus of Perak Transit Berhad dated 15 September 2016)
Reference is made to Sections 2.7(i), 4.21(i) and 9.2.2 of Perak Transit Berhad’s Prospectus dated 15 September 2016 in relation to the development of Terminal Kampar, Kampar, Perak ("Terminal Kampar").
We refer to our announcement dated 22 November 2016, the Board of Directors of Perak Transit Berhad wishes to announce that The Combined Bus Services Sdn Bhd (“The Combined Bus”) had on 22 June 2017 received a letter from the Ministry of Finance Malaysia ("MoF"), which the MoF had granted and approved the Approved Service Project status for the construction of Terminal Kampar ("Approval Letter"). Pursuant to the Approval Letter, The Combined Bus can claim up to 60% of the capital expenditure invested to be offset against 70% of its statutory income for a period of 5 years for the year of assessment 2016 to 2020.
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....
Tham Hoe Yean
92 posts
Posted by Tham Hoe Yean > 2017-06-12 21:13 | Report Abuse
Last half hour price pulled down not a good sign.