next QR is gonna be excellent. Earnings of many township projects will start to roll in. If they manage to secure more contracts especially Sarawak share price will soar higher. Buy.
Catalysts: 1) Win some Sarawak projects 2) Profit recovery from unbilled orderbook which is 8x the size of market cap & improvement in margin 3) Better sentiment in construction sector 4) Market realised its undervaluation 5) ECRL revival
*Company Profile* • ADVCON (listed in July 2017) is an established specialist contractor primarily involved in integrated earthwork and civil engineering services in Malaysia.
*Trading Catalyst* • We like ADVCON as it has built a reputation in earthworks jobs for blue chip property developers and has successfully diversified into infrastructure segment with two high profile projects i.e. the West Coast Expressway (WCE) and Pan Borneo Sarawak. • Valuation is cheap at 8.6x FY19E P/E (26% lower than its peers), supported by strong RM845m order book and RM1.6bn tender book coupled with more jobs in the pipelines from the potential revival of the shelved mega infrastructure projects such as the Klang Valley Double Track, ECRL and MRT 3. • Technically, the potential rounding bottom formation (with a strong breakout above YTD high/overhead resistance at RM0.46) could spur prices higher towards RM0.50-0.57 territory.
KUALA LUMPUR, Apr 11 (Sin Chew Daily) -- An agreement on the East Coast Rail Link (ECRL) project will be signed between Malaysia and China in Beijing tomorrow (Friday).
A source from the Malaysian negotiation team told Sin Chew Daily the prime minister's special envoy Tun Daim Zainuddin had arrived in Beijing and was negotiating the final details with China.
Daim will host a press conference at the Malaysian Embassy in Beijing at 2.00 p.m. tomorrow.
He is expected to announce the outcome of the final negotiation.
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....
investmentMonster
125 posts
Posted by investmentMonster > 2019-01-22 17:15 | Report Abuse
just buy