ANEKA (0226) - Stock Market Buzz

https://www.thestar.com.my/business/business-news/2024/07/03/builders-set-to-thrive-for-the-next-two-to-three-years

Accumulate before it flies up

3 weeks ago

The calm before the storm. Looking forward an impressive Q3 results from Aneka 😊

2 weeks ago

Builders set to thrive for the next two to three years, then we hold ANEKA for two to three years 😁😁

2 weeks ago

cK1973

price movement wise, if sustaining well and above 17....
should be good for this counter....
range play should be 17-24....
quite standard for this counter.....
don't think is a good choice to hold for 2-3 years....
this counter is more of short term play......

2 weeks ago

Aati99

Jangka panjang dan jangka pendek pun boleh. Bergantung kpd strategi pelaburan anda

2 weeks ago

Follow the trend of construction wave. At least hold it for 2 years, hehe

2 weeks ago

It's slowly moving up ahead of the Q3 results release. Nice ~

2 weeks ago

WiraBoleh

gelombang pembinaan berterusan 🙂
https://api.bharian.com.my/berita/nasional/2024/07/1269523/pembinaan-infrastruktur-pengangkutan-jana-pertumbuhan-ekonomi

2 weeks ago

Good news ! Aneka Jaringan has secured RM53 million sub-contract for construction project in Selangor

2 weeks ago

https://theedgemalaysia.com/node/718680

The project, awarded by Grand Dynamic Builders Sdn Bhd, is scheduled to commence on July 17 and is expected to be completed on March 1, 2025. It involves the construction of a new logistics centre for Strategic Sonata Sdn Bhd.

2 weeks ago

Great, plus contract from IJM and this, Aneka has an order book of RM75.5 mil on hand

1 week ago

It is more than Rm75.5 million for 2024 😊

1 week ago

More projects in 2024 ?
Next week Q3 should be GOOD

1 week ago

Aati99

Jangka revenuenya utk FY2024 akan memecah tinggi baharu

1 week ago

Breaking 20 cents soon. Hang on tight ~

1 week ago

soonning65

Malaysian construction stocks surged on Wednesday to their highest in more than six years, as investors bet that contract awards will pick up, spurred by public infrastructure and private projects. Just a matter of time for Aneka to soar

https://theedgemalaysia.com/node/719310

1 week ago

cK1973

I'm looking at EP of 17-18 range.....
wait and see got luck or not....
stay tune......

1 week ago

Aneka eying piling works from IJM

1 week ago

WiraBoleh

Sektor pembinaan tunjuk pergerakan yang kuat ! Rasa Aneka boleh memecah 20 sen pd minggu ni

1 week ago

Good luck on getting it at 17 cents, cK1973 😄 If I not mistaken, someone here also wanted to collect it at that price

1 week ago

PJ2021

When it reaches 0.17 people will change their mind. Want to buy at 0.15. !!!

1 week ago

Buying volume slowly flowing in 😀
Aneka likely to break 20 cents next week

1 week ago

If Q3 results are good, we will see that beautiful scenery. ha

6 days ago

Base on my BRIEF study on QR2 2024 of ANEKA:

A: The company recorded a reduced net profit for the current QR compared to QR1 2024. Recorded three quarters consecutively with profit.

B. Still sitting on accumulated profit.

B: Project oderbook is sufficient for the continuing operations and generating revenue for short term.

THE FINDING:

1. NTA 13.14 sen
2. NOSH 652.6 mil.

3. EQUITY
Share capital RM143,032,000
Reorganisation reserve (RM76,342,000)
Exchange reserve RM88,000
Retained earnings RM18,997,000 – (Still sitting on accumulated profit)
Shareholders’ fund RM85,772,000
Non-controlling interests RM7,840,000
TOTAL EQUITY RM93,612,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 12,703,000

5. Assets:
Non-current Assets RM 70,786,000
Current Assets RM 175,078,000
TOTAL ASSETS RM 245,864,000

6. Liabilities:
Non-current liabilities RM 15,978,000
Current Liabilities RM 136,274,0000
TOTAL LIABILITIES RM 152,252,000

7. QR2 result:
Revenue RM 54,218,000
Gross profit RM 4,715,000
Profit / (loss) before tax RM 787,000
Net profit RM 121,000

Note 1:
In 2Q24, the Group generated revenue of RM54.22 million, representing an increase of RM11.24 million compared to the preceding year's quarter ended 28 February 2023 (2Q23), during which the Group registered revenue of RM42.98 million. The Group saw its gross profit improve by RM4.32 million, achieving a gross profit of RM4.72 million compared to the gross profit of RM0.40 million in 2Q23.
Additionally, the Group generated other income of RM0.33 million in 2Q24. This amount comprised a debt recovery totalling RM0.22 million, with the remainder derived from interest income and rental of premises. The Group incurred total administrative expenses of RM3.32 million.
Regarding financing costs, the Group incurred a total of RM0.94 million in 2Q24. The Group's total tax expenses stood at RM0.24 million, solely incurred by the Group's Indonesian subsidiary, PT Aneka Jaringan Indonesia (PTAJI).
Finally, the Group generated a profit after tax of RM0.55 million for the current quarter, marking an improvement compared to the loss after tax of RM4.36 million incurred in 2Q23.

Note 2:

For 2Q24, the Group experienced a reduction in revenue of RM4.56 million, decreasing from RM58.78 million in the immediate preceding quarter ended 30 November 2023 (1Q24) to RM54.22 million. However, the Group achieved a gross profit of RM4.72 million, marking an increase of RM1.66 million compared to the gross profit of RM3.05 million in 1Q24. However, the Group's profit before tax and profit after tax decreased by RM0.74 million and RM0.84 million to RM0.79 million and RM0.55 million, respectively, in 2Q24.

Note 3: Prospects

For our construction operations, we will continue to leverage our existing order book of RM233.16 million as at 29 February 2024 and focus on the timely completion of ongoing projects.
PT. Aneka Jaringan Energy (PTAJE), our renewable energy subsidiary in Indonesia had in 2Q24, secured its first engineering, procurement, construction, and commissioning (EPCC) project of RM0.48 million in value. We remain optimistic on the subsidiary’s prospects and will continue to tender for EPCC jobs to secure its foothold in Indonesia.

6 days ago

Thanks @KylieTan for reminding me about the incoming QR3 2024 that we are waiting for at the end of this month. It's not QR2 2024. He He He...

6 days ago

today high volume , Q3 as early Friday

5 days ago

Most stocks are retracing right now, but this one is holding steady. Kudos Aneka

4 days ago

cK1973

i m still waiting at the range of 17 as my EP....
hopefully can reach in these couples of days due to weak market sentiments....
this counter definitely has the potential to go back to 30....
current price is still high for me to go in....
no hard feeling guys....

4 days ago

I wanted to accumulate at 17 sen too, cK1973. Have been waiting for a month 😗

Posted by JettLeong > 1 month ago | Report Abuse

prepare to accumulate at 17 cents if it really reaches that price ..

4 days ago

?? collected 26-27 million from open market at 19sen

3 days ago

soonning65

I think part of it is due to exercise of warrants ..

https://klse.i3investor.com/web/mktbzz/additional-detail/37935_2659259241

3 days ago

based on the volume today i don't think is exercise of warrants. Anywhere, I think the share price very attractive.. let see this friday or next monday their Q3 report.. if very good i think below 0.2 will be historical.. because mega project going to kick in soon.. all big taikor price already shoot to the sky.. now is time for operation share to move

3 days ago

Agreed with Boringguy. I guess there are big funds collecting

3 days ago

Aati99

Aneka punya Q3 keluar minggu ini ?

2 days ago

It should be this Friday... if not next Monday..

2 days ago

I estimate that its q3 results will be better than q2

2 days ago

i think so.. but not sure the share price how..

2 days ago

If QR exceeds market expectations, it could break through 20 cents

1 day ago

Base on my BRIEF study on QR3 2024 of ANEKA:

A: The company recorded a slight increased net profit for the current QR3 2024, compared to QR2 2024.

B. Recorded Net Profit (TTM) amounting RM2.55 milion, EPS (TTM) 0.38 sen;

C. Recorded FOUR quarters consecutively with profit.

D. Still sitting on accumulated profit.

E: Project oderbook is sufficient for the continuing operations and generating revenue for short term.

1 day ago

ANEKA QR3 2024 RESULT:

(Note: A comparative info from QR2 2024 included)

1. NTA 13.17 sen _ , QR2 2024 @ 13.14 sen
2. NOSH 659.056 mil_ , QR2 2024 @ 652.6 mil.

3. EQUITY
Share capital RM 143,892.000 _ , QR2 2024 @ RM 143,032,000
Reorganisation reserve (RM76,342,000) _ , QR2 2024 @ (RM76,342,000)
Exchange reserve RM327,000_ , QR2 2024 @ RM88,000
Retained earnings RM19,557,000 _ , QR2 2024 @ RM18,997,000
Shareholders’ fund RM86,780,000_ , QR2 2024 @ RM85,772,000
Non-controlling interests RM 7,535,000_ , QR2 2024 @ RM 7,840,000
TOTAL EQUITY RM94,315,000_ , QR2 2024 @ RM93,612,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 18,022,000_ , QR2 2024 @ RM 12,703,000

5. Assets:
Non-current Assets RM 68,958,000_ , QR2 2024 @ RM 70,786,000
Current Assets RM 148,166,000_ , QR2 2024 @ RM 175,078,000
TOTAL ASSETS RM 217,124,000_ , QR2 2024 @ RM 245,864,000

6. Liabilities:
Non-current liabilities RM 15,394,000_ , QR2 2024 @ RM 15,978,000
Current Liabilities RM 107,415,0000_ , QR2 2024 @ RM 136,274,0000
TOTAL LIABILITIES RM 122,809,000_ , QR2 2024 @ RM 152,252,000

7. QR3 result:
Revenue RM41,846,000 _ , QR2 2024 @ RM 54,218,000

Gross profit RM 4,362,000_ , QR2 2024 @ RM 4,715,000

Profit / (loss) before tax RM 745,000_ , QR2 2024 @ RM 787,000

Net profit RM 562,000_ , QR2 2024 @ RM 121,000

Note 1:

In 3Q24, the Group recorded RM41.85 million in revenue, marking a slight increase of RM0.60 million compared to the preceding year's quarter ended 31 May 2023 (3Q23), when the Group recorded revenue of RM41.25 million. The Group’s gross profit rose by RM2.84 million, reaching RM4.36 million, compared to the gross profit of RM1.52 million in 3Q23.

The Group had generated other income of RM0.96 million in 3Q24. This amount included a gain on sale of machinery of RM0.85 million, with the balance arising from interest income and rental of premises. Additionally, the Group had incurred total administrative expenses of RM3.53 million.

The Group also incurred financing costs of RM1.05 million in 3Q24. On the other hand, total tax expenses amounted to RM0.20 million.

Lastly, the Group achieved a profit after tax of RM0.55 million for the current quarter, an improvement of RM3.41 million compared to the loss after tax of RM2.86 million incurred in 3Q23.

Note 2:

For 3Q24, the Group’s revenue decreased by RM12.37 million, from RM54.22 million in the immediate preceding quarter ended 29 February 2024 (2Q24) to RM41.85 million. The Group’s gross profit also saw a slight decline, reaching RM4.36 million in 3Q24, compared to RM4.72 million in 2Q24. The Group achieved a profit before tax and profit after tax of RM0.75 million and RM0.55 million respectively, marking a slight reduction compared to the profit before tax and profit after tax of RM0.79 million and RM0.55 million in 2Q24.

Note 3: Prospects

As at 31 May 2024, the Group’s total order book stood at RM231.38 million. This order book is further strengthened by the recent contracts awarded totalling RM65.88 million secured after 31 May 2024. The Group aims to maintain this momentum and will remain steadfast in securing new projects to replenish its order book and improve revenue visibility.
However, the Group is also cautious of the impact of the recent removal of Malaysia’s diesel subsidy on the prices of construction materials. Management will monitor and manage its impact accordingly.

1 day ago

https://www.businesstoday.com.my/2024/07/25/aneka-jaringan-records-pat-of-rm0-55m-in-line-with-a-186-gross-profit-growth-for-3q-fye2024/

another project 12.9Mil Win!!!!

1 day ago

Fantastic ! Let's see if ANEKA will break 20 cents tomorrow or not 🤗

1 day ago

QR 3 up 364%

20 hours ago