[The Star Monday, 22 Apr 2024] 💥 Econframe expects favourable outlook for M’sia’s industrial property market 💢 PETALING JAYA: Econframe Bhd expects the 70% stake acquisition of ETA World Sdn Bhd in January 2024 to bode well for the group.
In a filing with Bursa Malaysia, the door system solution provider said the acquisition represents an opportunity for the group to venture into construction services, specifically into industrial property in view of the favourable outlook and prospects of the industrial property market in Malaysia.
For the second quarter ended Feb 29, 2024, Econframe registered a higher revenue of RM26.98mil and a profit of RM3.37mil, as its recently acquired 65%-owned subsidiary, Lee & Yong Aluminium Sdn Bhd was a significant contributor to its earnings.
Basic earnings per share for the quarter stood at 0.99 sen compared with 0.97 sen a year earlier. 💢
@Dividend4You 💢 This time seem to be NIL but see how their act in near future.. I did see some company after weeks long of releasing quarter result - they declare dividend distribution.. Never lose hope ya.. I am with you 🤣 💢
💢Notice of Person Ceasing - DATO NG WEI YEE Disposal of shares through direct business transaction 9,000,000 units on 18 Apr 2024 Date of notice 22 Apr 2024 💢 He won't need to declare any act in selling or buying since his holding is now less than 5% 😎
@Ghazaar @MarketNavigator 💢 But the company total loan [Liabilities long and short] increased 7mil ++ Total Group’s borrowings $7.350mil vs $359k [last year]💢
@Popeye. Their cash and cash equivalent increased also, RM20.8 mil vs RM18.2 mil [last year]. Despite increased borrowings, the company remains a net cash company btw
The company borrowings increase due to acquisition of a valuable company ETA and it is expected to contribute significant net earnings to EFRAME in FY25/26F
EFRAME's revenue and core earnings are projected to grow at a 3-year CAGR of 39.4% and 40.8% to RM205.4 million and RM36.6 million by FY26F, primarily due to horizontal integration and cross-selling opportunities
All I can say is Econframe has an extremely robust order book. Look forward to the company continuing to deliver outstanding financial results in the coming quarters
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....
Profit101
63 posts
Posted by Profit101 > 2024-04-16 17:42 | Report Abuse
Flash sale this week, should rebound back to 79-80c in no time