The stocks u should dump right now are genm , genting , sptoto,magnum,glove stock ! The stocks u should buy right now dnex , gtronic , vstec ,swift ,mi tech ,ranhill !
edged down this morning despite securing a RM50mil contract amid a cautious broader market.
The counter declined 0.5 sen, or 1.16% to 42.5 sen with 99,800 shares traded. It has appreciated 10.3% in the past one month.
Ranhill’s indirect subsidiary Perunding Ranhill Worley Sdn Bhd (PRW) has secured a RM50mil contract to perform detailed engineering design (DED) for Kasawari carbon capture and storage (Kasawari CCS).
Kenanga Research estimated PRW’s order book to expand to RM328mil, equivalent to more than a year’s worth of PRW’s annual revenue.
The research house said the Kasawari CCS DED project is among the largest, other than the recently announced RM124mil contract for DED of a new P-82 floating production, storage, and offloading vessel (FPSO) for Petrobras.
“The bulk of the project is expected to be captured in FY23F. At an estimated project margin of around 9%-10% and based on Ranhill’s 51% stake in RWSB, we estimate the project to contribute RM2.6mil to Ranhill’s net profit, or 6% of FY23F earnings.
As this forms part of our order book replenishment assumption for PRW, we keep our projections unchanged at this juncture. Nonetheless, this is a positive development in sustaining RWSB’s contribution to the group,” Kenanga said.
“Having seen significant retracement in the past year, we think Ranhill’s share price is reaching an inflection point with the contraction in RSAJ’s earnings from a delay in tariff hike well priced in and reflected in consensus earnings revisions,” it added.
The research house expects the potential Ranhill SAJ tariff hike to be a key near-term re-rating catalyst.
It has maintained its “buy” call and SOP-derived target price at 67 sen.
As this forms part of our order book replenishment assumption for PRW, we keep our projections unchanged at this juncture. Nonetheless, this is a positive development in sustaining RWSB’s contribution to the group,” Kenanga said.
“Having seen significant retracement in the past year, we think Ranhill’s share price is reaching an inflection point with the contraction in RSAJ’s earnings from a delay in tariff hike well priced in and reflected in consensus earnings revisions,” it added.
The research house expects the potential Ranhill SAJ tariff hike to be a key near-term re-rating catalyst.
It has maintained its “buy” call and SOP-derived target price at 67 sen.
More n more projects contracts , tariff hike soon , resumed cash dividen = Tp rm 1.20 within 3 years ! Just keep for retirement n collect 4 - 5 % dividend permanently , this company has business moat n wont bankrupt forever !
Ranhill previous dividen around 4 sens each year , buy for long term retirement plan while it s still very cheap now ! Their net profit will double soon !
11 companies hv signed letter of intent in developing nusantara (the new indonesia capital city ) during pmx visit to indonesia recently. Ranhill could be in the list as so many mou have been signed between Kementerian Pekerjaan Umum dan Perumahan Rakyat (PUPR) previously on the indonesia water project . hope for the best
As i said before this stock will back to above rm 1 - 1.20 with 4 - 5 % divy if really another 15 - 20 % net profit surge in 2023 ! Now is the best time to buy johor utilities stock !
If RANHILL really have TRUE VALUE the share price won't be staying at the miserable 40 plus sen.Fund institutions will be the FIRST one to move it up above RM1 but anyway NEW GOVERNMENT will have their own people to do the jobs even it is a SUB CON jobs.Got tender jobs but still have to give jobs to OWN PEOPLE to do it EFFICIENTLY
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wongcheehui83
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Posted by wongcheehui83 > 2022-11-18 16:42 | Report Abuse
waiting election ma... Tuesday u can see movement ald