The Group's financial performance had improved gradually as compared to the last two (2) quarters and such trend is expected to continue due to the following reasons: 1. The recent change in government does not affect the continuity of the Group's projects, namely West Coast Expressway and Pan Borneo Highway; 2. The Group's current outstanding order book of RM 908.7 million will provide earnings visibility for a minimum of 24 months; 3. The announcement that construction services shall be exempted from Sales & Services Tax augurs well for the Group and the industry as a whole; and 4. The Group's ability to secure several new projects worth a total of RM 47.85 million was a testament of the Group's resilience in times of market uncertainties post GE14. Hence, the Group is optimistic to deliver a positive financial results in the current financial year.
Wow, another new low, it seems like this counter will continue to drop. New gov cancellation and delay of mega projects is the main factor. Higher bank interest and reduces in housing sales also contribute to it drop from housing construction section. Need to wait 3-4 years when it near the next general election then only u will see advcon coming back to it all time high.
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traderman
7,854 posts
Posted by traderman > 2018-06-20 20:19 | Report Abuse
ya buy at 0.5 really good bye