a good reversal.

Think the Power Sales agreement for the second unit may be out soon. that's could be the reason for the U-Turn

Another positive closing I guess =)

Wow! Powerful momentum! Wonder what is brewing?

Looks like the train is moving again! Stay tuned and congrates to all Fajar believers !

Yes. totally agreed with lcng123! If you look at the Q2 & Q3 result properly, in Q2, accumulative PBT (log timber business alone) is RM 31.2mil where as total accumulative Q3 PBT (log timber business alone) is RM 55.4 mil. Which means this Q3 alone, PBT (log timber) locked in RM 24.2 mil! In fact, log timber business is actually the biggest profit contributor to Fajarbaru, the so called one off gain rank only second , which contribute RM 37.5mil.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5345093
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5445925

Also, the log & timber business is always in the steady production rate of above 30k cubic metres since February till April. I foresee the same production capacity will continue until end of the year (if you look at the last year monthly production report), which log & timber business will definitely add in more revenue and profit to the account book of 2017!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5376705
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5413945
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5445957

Anybody with simple accounting skill will know, the profit from IPP , it's much more than FD. And India is not a small country, if Mudajaya can seal deal for this 4 power plants, why he can't seal deal for more power plants. Next country to have double digit growth

Construction sector in Malaysia will be doing very well in next 1-3 years due to all the mega projects. Only a handful of contractors will benefit. To be honest, value investors will buy when market open tomorrow, cause they know, once a stock is in its U turn mode, there is only one way, which is UP, UP and UP !

Well. I think the result is expected. Don't think tomorrow will have much surprises. Unless those short term investors with NO holding power. If you look at the losses , compare to previous 4 quarters , it's the least! Which means after this quarter, the account will turn positive. Order book of 2.4 billion is in the hand, it's just matter of which quarter the profit will be captured. Also, revenue from Power Plant in India will be captured from April onwards, which means next quarter will show a huge jump in both too and bottom lines. If you are a short term investor, this is not for you. Look at long term gain!

More projects coming! They are selling more Local and Aussie projects in terms of property segment. Timber is contributing in a steady mode now. Next is the Gemas project! Also, they said they are tending project with contract value worth Billions.
Good that Fajar has gained more attention from more mainstream media.
http://www.theedgemarkets.com/article/fajarbaru-3q-earnings-surges-eight-times-property-development-revenue

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5445925
What a wonderful result!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5433253
Nice ! More to come =)

Nice poem ! 00000

Waiting for quarter result announcement patiently =)

I think soon. Last quarter result should be a positive one. Stay tuned=)

Yea. Must give more patience. Gemas project hasn't announced yet. Also last quarter result, revenue and profit will be outstanding as Melbourne project has done the handover of keys to buyers, it will surely increases its top and bottom line. Stay tuned =)

Yea! Fajar mother and son never let us down! Tomorrow should be a good day for all the Fajar believers! Congrats =)

BrahmaBull, kau ni macam baca pantun ! Chun betul ni =p

Not brewing anymore! it's done deal =)

Today should be "THE DAY" !

Yea. According to my source.. it should be this month

Wonderful closing today at 170 with one of the best quarter result and historical high revenue and profit after tax recorded !
Expect high trading volume tomorrow and start of the showdown =)

Fajar has been resting for sometimes. The train should be moving again soon

Today closing at 165 us a very good sign! Tomorrow should have good show to watch =)

Today early drop and ended up closing price at 94c certainly filtered out many short term traders and contra players. My guess tomorrow will be very well supported at this price level also.

Agreed. I think it's just matter time within this 1-2 weeks.. Price will shoot up to above 0.175.
Especially with current tech counters play.

TheContrarian, agreed. If moving too fast, will attract a lot of traders, and price may be very volatile. Moving up 1-2 cent per day and like current momentum will be the best=)

Agreed with TheContrarian's strategy. High NTA RM 2.18 and cash reserve of RM 283 million make Insas an easy target for privatisation. I will do the same too especially with current bull run market=)

https://klse.i3investor.com/blogs/PublicInvest/118324.jsp
Technical buy call by PBB investment bank

Yea. Agreed. Still waiting patiently for the gemas project announcement=)

I believe this counter is worth looking at. Q3 result releasing in 2 weeks time should be very good. Big fishes should be goreng-ing this counter very soon by looking at how other tech companies were "fried" lately.

I think there is still room for price to go up further. Especially news on Gemas project not out yet. There should be at least 20%-30% upside from the current price level. Well, trade at your own risk =)

Local builders set to benefit from mega rail projects
TWO big ticket projects that will provide a major boost and a new source of contracts for the local construction sector will likely be the RM8bil Gemas-Johor Baru double tracking line, as well as the RM55bil East Coast Rail Link (ECRL) project.
Industry sources have indicated that packages for the 197km Gemas-Johor Baru double tracking project are set to be announced within the next two months, with the aim of completing it by 2020.
As for the ECRL project, most had expected the mega project to start at end-2017.
Nonetheless on Wednesday, Prime Minister Datuk Seri Najib Tun Razak launched the public inspection of the ECRL project at the Land Public Transport Commission’s headquarters. The ECRL is now fast tracked to start in July this year, and will be completed in July 2024.
These new contracts have kicked off a buzz in the market, which is excited about which companies will be the beneficiaries for both projects.
Local contractors are expected to be appointed as subcontractors for both the projects.
“Contractors with good rail construction track records include Gamuda, IJM Corp, Fajar Baru and WZ Satu,” said AffinHwang Capital analyst Loong Chee Wei in his construction sector report dated Jan 16.
The Gemas-Johor Baru double-track line will allow electric trains to reach speeds of 160 km per hour, with an operating speed limit of 140 km per hour.
It will run through the districts of Segamat, Kluang, Kulai and Johor Baru.
Upon completion, the railway will have a network of electric passenger trains from Padang Besar to Johor Baru.
Gemas project
The lucrative and much-awaited Gemas-Johor Baru double tracking project, which has been stalled for more than a decade, is now in the last stages of being finalised, say sources.
It was already reported last month that SIPP Railway Sdn Bhd was the first contractor for the project. It is learnt that SIPP, which is a private vehicle controlled by the Sultan of Johor, Sultan Ibrahim Sultan Iskandar, has been appointed as the main contractor for the Gemas double tracking job.
A consortium of three China-based companies — China Railway Construction Corp Ltd (CRCC), China Railway Engineering Corp (CREC) and China Communications Construction Corp (CCCC) — received the letter of award for that job from Transport Minister Datuk Seri Liow Tiong Lai in October last year.
State-owned CRCC, which is the largest engineering contractor in China, holds a 40% stake in the consortium, while CREC and CCCC each have 30%.
“We should know who the sub-contractors will be over the next two months,” says the source.
The Gemas-JB link project has been around for more than a decade. It was scrapped in late 2003 but revived in 2007. The MMC-Gamuda consortium was given the mandate to build the 330km stretch from Ipoh to Padang Besar for RM12.5bil back in 2003.
In 2008, India’s Ircon International Ltd was given the southern sector from Seremban to Gemas for RM3.45bil.
AllianceDBS Research analyst Chong Tjen San expects local players that have established relationships with the three Chinese companies to have a slight edge.
“The local portion for Gemas may be 30% to 40% of the entire contract. I suppose the Chinese players will be giving out the jobs to their Malaysian counterparts,” he says.
Malaysian companies that have partnered with the Chinese players include E&O Bhd, IJM Corp Bhd, Gamuda Bhd, George Kent Bhd, Econpile Bhd and Bina Puri Holdings Bhd For instance last August, George Kent and CCCC won a RM1.01bil work package for the mass rapid transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line.
Framework financing
On the ECRL, it was in Nov 1 last year, that Malaysia and China agreed to a framework financing agreement and engineering, procurement, construction and commissioning contract for the RM55bil rail link.
The agreement was signed in Beijing by Malaysia Rail Link Sdn Bhd and CCCC, and witnessed by Najib and his Chinese counterpart, Li Keqiang.
CCCC will be appointed as the main contractor and financing will be provided from the Chinese government.
On Wednesday, the proposed alignment for the 600km-long East Coast Rail Link (ECRL) was unveiled for the public to give feedback and suggestions.
Some 23 stations have been proposed along the route, which has been described as a game-changer project that will spur development of the east coast states.
When the rail link is completed in 2024, it will allow passengers to travel by train from Wakaf Baru in Kelantan to Gombak and on to Port Klang in about four hours.
It can take up to 12 hours if that route is travelled by road.
The ECRL will also benefit freight transport because it will link key economic and industrial areas within the East Coast Economic Region, including Kuantan and Bentong in Pahang, as well as Kuantan Port and Port Klang on the west coast
http://www.thestar.com.my/business/business-news/2017/03/11/flushed-with-construction-jobs/

If the contract for Gemas-JB project can be announced today, Monday will sure fly!

Yea! Next quarter revenue will be at least 322million !

80 cents in the making! Woohoo!

Yup. 80 cents soon! Don't miss the train if you are not boarded yet!

Today both mother and son supported very well.

I believe it can. but before that, it may have a small correction due to profit taking.

Yes. It should be the case by looking at the chart now. Gemas project announcement is should be just around the corner. Perhaps like IWCITY case also.

http://www.focusmalaysia.my/Mainstream/Fajarbaru%E2%80%99s%20timber%20foray%20bearing%20fruit

Yup! what a great closing today ! next resistance will be around 75cents , if can break this, it will fly all the way to 90cents !! Train finally moving !! next is wait for the BIGGG announcement !!

Yea. agreed ! breaking 70c will be awesome! Stay tuned ! Train is moving !

Good closing. It's time for fajar to gain investors attention now.
Yup, good news are flowing in very soon.

Should be some big contract awards.. stay tuned =)

Yup. Q2 result was under expectations. Good news should be out soon =)

With the completion of GardenHill @ Melbourne (with GDV AUD 77m = RM 261.8m @ current exchange rate of RM 3.4, 51% stake) and Rica Residence @ Sentul, KL (with GDV RM 270m and was having 80% confirmed sales order) will definitely add into its book order this year.

http://www.gardenhill.com.au/
http://www.theedgeproperty.com.my/content/fajarbaru-targets-firm-double-digit-growth-fy2017
https://propcafe.net/propcafe-review-rica-residence-sentul-jalan-ipoh-fajarbaru/

If my calculation correct :
GardenHill with 80% sales and 51% stake : RM 261.8m x 80% x 51% = RM 106.8m
Rica Residence with 80% sales : RM 270m x 80% = RM 216m
Total Revenue from Property Development will be a whopping RM 322.8m !

Assuming in Q3, the other segments contribute the same revenue of RM 61m like Q2, this will bring the total Q3 revenue to RM 383m (more than 6 times of Q2 revenue) and total 9 months revenue will balloon to RM 507.8 m! It will be almost 20% increase from the previous 9 months of RM 423.9m !

I think this is the reason for the recent price hike and of course the rumours of Gemas and other railways projects.

The Group will continue to focus on its construction segment which is the main core
business for the Group and hopeful of delivering another challenging year of revenue
growth, driven by several on-going projects being awarded to the Group that will be
continuously implemented over the next couple of years. The Group will focus on the
replenishment of its current order book and will continue to actively tender for local
construction projects.
As for its property segment, the Group is proud to announce that its maiden project,
the GardenHill, Melbourne, Australia, is now completed and preparations to hand
over the units to the purchaser are in progress.
As for the Sentul project, signing of the Sale and Purchaser Agreements and piling
works are in progress. This project has received good response owing to its central
location. As for its projects in Puchong and Melaka, it will be launched once the
market situation improves.
Another segment which has generated significant revenue to the Group is the logging
and timber trading segment and it will continue to make momentous contribution to
the Group’s revenue.
The Group will continue to explore for more business opportunities and committed to
improve its earnings growth for the sustainability of the Group

agreed with yipgusing. Don't think tomorrow will be a huge gap down also, perhaps for those short term players. Recent volume hike would never happen for no reason. What I know is their Melbourne project are currently handing over to the buyers, so revenue will definitely be captured in next the quarter. Then, it will have a huge jump in terms of the Revenue and Profit for this financial year especially with current high exchange rate for AUD against RM. Also, I believe they will be sealing some big deals from either Gemas, HSR or ECRL.

Today share price was holding well, most likely due to profit taking after few days hike. Q2 result should be out anytime soon! Go Go Go !