Tuju Setia Bhd - High-rise Construction Specialist Author: PublicInvest | Publish date: Wed, 5 May 2021, 10:05 AM
TP RM 1.11 Public Invest $$$$$
Tuju Setia Bhd (TJSETIA) is principally involved in the construction of: i) non residential buildings including mixed-use commercial buildings, offices, serviced apartments and institutional buildings such as schools and hospitals; and ii) residential buildings that include high-rise condominiums and affordable apartments. As a main contractor, the group is responsible for the overall project including project planning and management as well as implementation of all stages of the project for timely completion. TJSETIA engages subcontractors to carry out the construction related works under its supervision, control and management while project planning and management are carried out internally by the group’s staff. In Sept 2018, TJSETIA secured its first contract for the design and construction of a new women and children’s complex as part of the Kajang Hospital in Selangor.
Moving forward, TJSETIA intends to expand its core competency in building construction focusing on high-rise buildings, widen its services to cover design and construction for hospital projects as well as scale up its operational facilities. We derive a fair value of
RM1.11
based on an 11x PE multiple to its FY2022F EPS of 10.1sen. The IPO is expected to raise approximately RM56.0m from the issuance of 80.0m new shares. Besides utilising 57.1% of the proceeds for capital expenditure, 33.9% of the proceeds are allocated for working capital.
KUALA LUMPUR (May 18): Construction services company Tuju Setia Bhd has been awarded a contract worth RM189 million for a high-rise construction project in Seri Kembangan, Selangor.
In a Facebook post, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the country’s economic growth and the fate of the vulnerable group should not be sacrificed in Malaysia’s efforts in combating Covid-19.
PETALING JAYA: The rising Covid-19 cases in Selangor are putting the government in a limbo as it may soon be forced to seek a balance between lives and livelihood.
A full-fledged movement control order (MCO) for the state that is being considered by the Health Ministry is bound to lead to economic stress and the aftermath cleanup will be another major hurdle.
As Malaysia’s most developed state, Selangor is the largest contributor to Malaysia’s gross domestic product (GDP) at around 24%.
MIDF Research economist Mazlina Abdul Rahman said the projected daily output loss to Malaysia’s economy due to a full-scale MCO would be around RM500mil to RM600mil.
GET OUT. NEVER SUPPORT IPOs. You are donating money to the privileged. More IPOs in market also make other shares to drop in market prices because much money went to the IPOs. Let IPOs drop to dirt cheap prices before you pick them up.
GET OUT. NEVER SUPPORT IPOs. You are donating money to the privileged. More IPOs in market also make other shares to drop in market prices because much money went to the IPOs. Let IPOs drop to dirt cheap prices before you pick them up. 19/05/2021 9:18 AM
Can Use inta bina to compare, construction company best margin around 4% to 8% but will takes around 5 to 6 years to complete a project included DLP periods n some highrise projects may have longer construction period. I think 1 yr they can achieved revenue 500mil consider quite good, let's say 5% margin, 25 mil pbt after tax 18mil , eps 0.28sen 25% payout 0.07 sen. Buy in 80 sen then equal to 0.87% return per annum...
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....
CARI MAKAN
95 posts
Posted by CARI MAKAN > 2021-05-08 13:58 | Report Abuse
siapa apply new IPO?