If the Splash takeover is completed, then the receivable of 635 mil (about RM0.52) will get an answer soon.. This is one of the main catalyst for Taliworks...

Still holding most of my shares as the dividend is good and it pays quarterly...

As the deal is almost certain, the show will going soon...

As their company director keeps buying the share, take opportunity to further accumulated few lots last week and this week....

As the deal is expected to complete by 10th Aug, this coming 2 weeks will be a show time...

Look like the wave is able to overcome RM0.50 , a journey to RM0.60 is just started?

A journey to RM0.60 ?

Less than a month this counter has went up about 20% gradually, hopefully to reach RM0.60 by end of Q3 2018....

Take opportunity to accumulate few lots as the down side is limited..

Disposed all to take profit..

LRT3 (don't confuse with MRT3) is progressing well, the only problem is facing by GK is the construction business visibility after 2019..

After down for so much,. At this price, it is good time to accumulate.. as a cash rich company, leading of water meter in this region and only uncertain of construction business for near future..

Good to hear that the restructuring of the state’s water industry would be finalised in accordance with the master agreement signed in 2014. Hopefully will recover most of my lost for this counter after accumulated below RM0.90 to average down the cost .....

Bought some lots started from today...

Ahmad Zaki Resources Bhd (AZRB) is anticipating a positive outlook and an improved bottom line for the financial year ending Dec 31, 2018 (FY18), on the back of ongoing projects and better performance from its plantation division.

“We are looking at improving our divisions such as the loss-making division — plantation division — and also improving the bottom line of our oil and gas division,” its group managing director Datuk Sri Wan Zakariah Muda told reporters at a press conference after its annual general meeting here yesterday.

He noted that the construction division will still remain core to its performance, adding that AZRB will be seeing growth in terms of work volume for its construction division this year.

“Being in the industry for the past 36 years, we are very confident that we can actively and competitively participate in any new projects,” said Wan Zakariah, noting that he does not see any long-term impact from the change in government policies on the construction industry.

Hope the Splash issue will get a solution by end of July then Taliworks will up and up..

Further accumulated to average down my cost..

Rating from HL: Upgrade to BUY, TP: RM1.00. Upgrade to BUY with lower SOP-driven TP of RM1.00 (from RM1.06) after earnings forecast adjustment. We deem the possibility of finalization of Selangor water deal highly likely in the near term following changes in the federal administration. Moreover, we opine that the recent sell down of Taliworks stock is overdone as the market is only focusing on uncertainty around the potential abolishment of tolls and has forgotten that the company is also a huge beneficiary of the Selangor water restructuring deal. Our TP is extremely conservative as we do not include the huge amount of receivables owed by SPLASH into our SOP valuation and hence is subject to huge upward revision once the deal is being finalized.

With consistent of dividend quarterly and recovery of RM638 mil, what a good deal at present price!

KUALA LUMPUR (May 22): Taliworks Corp Bhd’s net profit in the first financial quarter ended March 31, 2018 (1QFY18) went up 10.5% to RM7.59 million from RM6.87 million due to higher bulk sales rate (BSR), and lower provision for discounting of trade receivables.

The rise in the quarterly net profit was also the result of more toll revenue coupled with lower operating cost from toll division while impacted by the share of loss from an associate.

Its earnings per share stood at 0.63 sen against 0.57 sen in 1QFY17, the group said in a filing with Bursa Malaysia today.

Quarterly revenue came in 14.5% higher at RM81.72 million versus RM71.35 million last year after taking into account the impact from the provision for discounting.

The board declared a single-tier dividend of two sen, amounting to RM24.19 million for the financial year ended Dec 31, 2018, and payable on July 13, 2018. The ex-date is June 13 and the entitlement date is June 18.

In a separate statement, Taliworks said the quarterly profit growth was due to the rise in BSR to 44 sen per cubic metre (m3) from 42 sen/m3 for Sungai Harmoni Sdn Bhd, and to RM2.24/m3 from RM2.15/m3 for Taliworks (Langkawi) Sdn Bhd starting Jan 1, 2018.

“The lower rehabilitation and maintenance cost for the water treatment, supply and distribution division, along with the higher toll revenue, lower depreciation, repairs and maintenance have also contributed to the overall improved profit after tax,” the company added.

Taliworks executive director Datuk Ronnie Lim said the group’s overall revenue performance is a testament to its stable infrastructure businesses.

It is constantly exploring potential earnings accretive opportunities to provide new recurring and stable source of cash flow to create higher value for its shareholders for the coming years.

“We will continue to re-align our business strategies by focusing on mature, operational cash-generating utilities/infrastructure businesses to further enhance our businesses’ performance,” he added.

Regarding the Selangor water restructuring deal, Lim hoped it would be resolved after the State said the Selangor water industry restructuring exercise would be given priority.

Taliworks said the receivables owed by Syarikat Pengeluar Air Sungai Selangor Sdn Bhd to the group was RM638 million as at March 31, 2018.

Looking forward in the construction segment, the group has three on-going projects and will continue to tender for more infrastructure projects to boost its order book.

It plans to continue to focus on mature operational cash-generating utilities/infrastructure businesses with a view of generating new income stream and a recurring and stable source of cash flow to support its dividend policy.

Taliworks shares closed up half sen or 0.55% at 91 sen, valuing it at RM1.1 billion.

SHAH ALAM (May 16): Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali today gave the assurance that the restructuring of the water industry in the state would be finalised soon.

He said it was the main agenda of the State government to immediately get the approval from the Federal government to implement the matter.

Yes......Go go go...

Take opportunity to accumulate further ..
https://www.utusan.com.my/berita/nasional/kerajaan-belanja-rm17-bilion-untuk-penstrukturan-industri-air-selangor-1.628278

Sayonara..LCTitan

Accumulated some quantity ...

Since the lower PAT is attributed to higher impairment provisions, larger fire, flood claims in Penang and PA claim. The the growth prospect is still look good according to press release.
At RM0.945 and below is a good opportunity to accumulate for mid term (at least 1 year)..

Good opportunity to accumulate some at RM0.895...

Disposed half at RM0.995...

Opportunity to accumulate at RM0.945 ..

Good time to accumulate BIMB-WA... when the price dip lower than RM0.29

Great...just a right timing...

A positive news...
Freight Management Holdings Bhd‘s wholly owned subsidiary FM Global Logistics (M) Sdn Bhd has received approval for a special incentive package from the Malaysian Investment Development Authority(MIDA) for the development of an E-Commerce Fulfilment Hub in Shah Alam, Selangor.

The group said in a Bursa Malaysia filing that it received the approval from the agency on behalf of the government, via a letter dated Dec 28, 017.

This special incentive package will enable FM Global Logistics to qualify for income tax exemption via Investment Tax Allowance (ITA) of 60% of qualifying capital expenditure within a five year period, which can be utilised to deduct up to 70% of the statutory income for each year of assessment.

“The company will proceed to finalise the plans for the development of the E-Commerce Fulfilment Hub in accordance with the conditions as per the abovementioned letter of approval and the special incentive package is expected to contribute positively to the future earnings of the group,” the group said in a Bursa Malaysia filing.

Freight Management's shares dipped one sen to RM1.27 with 10,000 shares changing hands.

Price getting attractive..

If foreign fund continue to flow in... it is worth to look at since it is much lower than Ipo price!

Total disposed more than half these few days after purchased started from 2 yrs ago and accumulated along 2016 & 2017..

Take opportunity to accumulate few lots at low..

At per yesterday closing price, it is worth to look for opportunity to accumulate ...

As the takaful is performing well and BIMB-WA is at quite attractive price, it is good opportunity to accumulate...

Again accumulated few more lots..As the dividend is very attractive, performance is intact and just be patient for settlement of Splash..

Take opportunity to buy few more lots ...

Take opportunity to accumulate few more lots..

As water supply crisis will be one of issue for GE in Selangor, let see when the game will start...

Good to buy few lots again at low..

KUALA LUMPUR (Aug 17): Taliworks Corporation Bhd’s second quarter financial results were within analysts’ expectations, although the infrastructure player reported a lower net profit from a year earlier.

Yesterday, Taliworks said net profit slipped to RM6 million in the second quarter ended June 30, 2017 (2QFY17), from RM76.19 million in the previous year, while revenue grew 19% to RM91.28 million, from RM76.83 million in 2QFY16.

In separate research notes, CIMB Research and Hong Leong Investment Bank (HLIB) wrote that the second single-tier interim dividend per share (DPS) of 2 sen brings 1HFY17’s DPS to 4 sen, in line with their expectations.

CIMB analyst Sharizan Rosely said Taliworks’s annualised 1HFY17 core net profit excludes provisions for water receivables was 79% of their full-year forecast and 3% above consensus.

“We deem the results broadly in line, as we expect stronger construction and toll water earnings in the second half,” Sharizan said in the research note yesterday.

Shahrizan said the 1HFY17 revenue was boosted by a 44% increase in construction revenue and due to highway earnings continuing to be weighed down by the higher amortisation charges.

He also said Taliworks’s sounded more optimistic on the water deals in Selangor, with the extended October deadline for Air Selangor’s takeover of Syarikat Pengeluar Air Selangor (Splash) being around the corner.

“During the briefing, we sensed a greater optimism on this issue.

“A final push to this resolution in order for the restructuring of the water services industry in Selangor to come to a close, could be in store in our view,” Shahrizan said.

After a lull in the newsflow in 1HFY17, there is now a bigger possibility that newsflow on the water deals will regain momentum in 4QFY17, similar to the trends in the past.

Shahrizan retained CIMB’s “add” call on Taliworks shares, supported by a sustainable 5.4% yield and maintained the target price (TP) at RM1.73.

“We maintain our earnings per share forecasts and our FD RNAV-based target price, which remains pegged to a 10% RNAV discount.

“Medium-term catalysts include a resolution to the water deal, while the downside risk is further delays in the recovery of receivables,” he said.

Meanwhile, HLIB analyst Yip Kah Ming maintained HLIB’s “buy” rating on Taliworks’s shares, with higher TP of RM1.77, from RM1.76 previously.

Yip said Taliworks reported 1HFY17 gross revenue of RM162.6 million, an increase of 7% year-on-year (y-o-y), which translates into core net profit of RM41.4 million, an increased of 8% y-o-y, accounting for 53.9% and 48% of HLIB and consensus financial year forecasts, respectively.

“Deemed within expectation as the contribution from construction segment is expected to normalise in subsequent quarters,” Shahrizan added.

The settlement of Selangor water sector restructuring has never been closer.

“We believe this will be the key rerating catalyst. Besides, there is also a potential upside from the issuance of a special dividend, should the deal push through,” he said.

At 11.05am, Taliworks fell three sen or 2.04% to RM1.44, with 162,500 shares traded, for a market capitalisation of RM1.75 billion.

Take opportunity to buy few more lots at low...

As JTiasa dropped to attractive price , going time to accumulate again...

Still accumulating if the price drop further which I think down trend is limited. This stock pay reasonable dividend quarterly while waiting for settlement of SPLASH. It is occupied a significant portion of my portfolio...

Good opportunity to accumulate ..

Finally, Goodbye JTiasa,.... hoping for CBIP .

Due to tax on logging business in Sarawak and dropped almost 27% output, plam oil overall increased more than 12% but plam oil price down. In near future, the performance is still pull by logging. Took opportunity to dispose most of the shares with little gain...

Impressive result.... luckily bought and average down some..