I'm monitoring another new listing stock. Recently announced very good q results. Q eps 0.88 price less than 0.26. Better than Inta. Big players still accumulating. No sign to push yet. I also hope can drop more.
wanna buy kab for 0.23? dont dream la..kab already close to reach 0.30... in term of valuation, kab give highest roe compare to inta.. by the way, i also have inta in my portfolio..cheer guys...
Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. They had completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. They are capable of building various types of buildings including residential, commercial, industrial and leisure properties.
Led by Managing Director Mr. Lim Ooi Joo and Deputy Managing Director Mr. Teo Hock Choon, the Group has made great strides in the challenging construction industry. With more than 30 years of work experience between them in the industry, they have been instrumental in driving growth within the Group.
Initially set up to handle residential projects with a contract value below RM1.0 million, they had progressed to building various types of buildings of any project value. Their project portfolio covers terrace houses, bungalows, condominiums, cluster houses, semi-detached houses, town villas, apartments, SOHO, shops, factories, clubhouses and schools.
In terms of revenue, Inta Bina had hit two major milestones. In 2010, their revenue surpassed RM100 million for the first time, and two years later, the RM200 million mark.
Inta Bina Group has secured CIDB’s G7 registration, the highest grade available. This class enables us to undertake building and civil engineering construction projects of any size and project value within Malaysia.
The listed clientele developers include Eco World Development Group Berhad, Engtex Group Berhad, Gamuda Berhad, Mah Sing Group Berhad, Paramount Corporation Berhad, Plenitude Berhad, Selangor Dredging Berhad and Tropicana Corporation Berhad.
Inta Bina Bhd was listed in the ACE Market in May 2017 with the issuance of 535.2mil shares at IPO price of 25sen per share. Based on FY 2016 diluted EPS post listing at 2.38sen, the PE ratio is at 10.5x.
Based on its listing prospectus, the Revenue and profit before tax for FY 2014/15/16 were increasing in trend. Inta also enjoyed a gross profit before tax of 9.4% and 10.8%, which are also increasing trend, thanks to the out standing orderbooks which stands at RM 635mil as at Sept 30th 2017, giving it a steady earnings visibility of 2.5 years.
Based on Q3 2017 Financial Results on Nov 2017, the company reported an increased revenue and Pre tax profit of RM 75.4mil and RM 6.24mil. The Gross Profit Margin during the period was 13.92% ( vs 12.1% in Q2 2017 and 11.9% in Q1 2017). We can see that from Q1 2017 to Q 3 2017, there is an increase in revenue, PBT and gross profit margins, which is due to the high out standing orderbooks it has and cost effectiveness of the company.
Based on latest Q3 2017 results :
NTA = RM 0.174 TTM EPS = 2.17sen No. of shares = 535.2mil Market Cap = RM 200.72mil Cumulated Revenue = RM 220.91mil Cumulated Gross Profit = RM 27.99mil Gross Profit Margin = 12.6% Cumulated Net Profit = RM 10.89mil Net Profit Margin = 4.92%
Inta Bina BHd fits in very well to my stock investing rule as guided by increasing revenue, net profit and gross profit margin.
I do not have a specific TP for Inta Bina Bhd yet as the current 4Q 2017 results had not yet been fully released ( pending Feb 22nd 2018).
Based on instinct and analysis, the Q4 2017 results will generate an estimated EPS of at least 0.86sen, giving a total EPS of 3.03 sen. Based on current price of 37.5sen, the PE ratio will be 12.3X, which is still within my acceptable range of PE ratio values of 10 - 15x.
The positive aspects of Inta Bina Bhd : - improving gross profit margins - increasing net order book that can sustain growth for 2.5 - 3 years - higher contracts awarded to the company with estimated new order books to be obtained in 2018 RM 300mil - improving future of constructions and properties segment in Malaysia for 2018 and 2019 - good potentials for it to be transferred to Main Board of Bursa Malaysia which will garner the interest of funds managers ( expected tranfer by 2019), which mimicks HSSEB. - good relationship with giant construction companies in Malaysia,increasing its chances to garner more projects.
cash rich for constructions is very important as they are able to pay off their supplies ( eg sand / steel etc) on the spot without having to incur higher interest charges and this will improve understanding / bonding btw company n the raw material providers
I agree with you IBanker, ACE stocks usually have high PE ratio due to strong projected growth forward. And Inta is set to be promoted to main board this year.
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....
uzairbhatti0157
319 posts
Posted by uzairbhatti0157 > 2017-11-29 23:35 | Report Abuse
Thanks shortinvestor77.....rakuten upgraded price to 0.39 aswell on Nov 28