Next 2 weeks we will know!

Do you have High Quality Premium Grade Plutonium or Uranium?

I also need high grade clear jet fuel for my Boeing 737 Max 8.

My TP range from 75 - 98 cents

But ah unker don't hate econpile, they are not a property developer, just that they target high end property developer for piling solutions only.So far I don't see many property development projects in their pipeline (these projects usually give higher margin). They are moving more towards the lower margin infrastructure projects...

You are right lah, nowadays seems to have some difficulty getting payment liao, just recently they began to file a lawsuit against one customer already...

Okay thanks for the advice Unker Philip, appreciate it

aiyo unker qqq3, that one is my stock pick for 2019. This one is econpile lah. I think you discussed at the wrong place mah

Unker I think econpile more towards the drilling one, not hammering one these days, because very noisy. Bored piling I think it's called. And you really need to see their KL project, very impressive in such dense area, even with the LRT tunnel so close!

Thanks for feedback Unker Philip!

Wait ah I still working on my TP my DCF a bit rusty gotta revise a bit first so can give the most accurate one !

Thank you!

Hah like this okay liao mah paperplane?

Oh yes ahhh aiyorrr Okay okay I go change

I am 101% confident that this QR loss is an one off black swan event!

sorry wrong info, 2-3 QRs I mean. Actually I am sure for next QR they can turn profitable once more! When they report their QR in May. If I am wrong I buy you Family Mart Ice Cream!

unker qqq3, that is not true.

From what I see in most construction companies is that revenue is declining, same here for Econpile for the most recent quarter. What Econpile did wrongly is underestimating the costs and like I said some unfortunate events that lead to a quarterly loss. Moving forward, I am sure they will remember this lesson and be more prudent in the future especially in managing costs !

I don't mind if this kid get another F for the next QR, as long as in the next 2 - 3 years he can continue getting an A that will be good

You all need to think like this, Econpile is like your smartest kid, always get As for all the subjects. Then all of a sudden, get one F. You must be shocked right. What could be the reason leh? But one thing you need to know is, in future will he continue getting As if you rectify whatever problem that caused him get the F in the first place?

Unker qqq3 it's not typical of course, but you really need to see it's a sequence of unfortunate events that lead it to report it's first ever quarterly loss. Trade impairment , customer's fault for not paying (it happens). Idling cost due to 2 project rationalisation (this might be to mega infrastructure projects which I think could be either HSR or ECRL and both). And lastly it's the cost overrun in their property development project. ( this is the one that concerns me most, what happened there actually, did they tender too low, or was it the unexpected spike in steel costs?). Otherwise everything seems fine to me, with their outstanding orderbook at around 1.5-1.6 billion, the next 2 years earning visibility isn't a problem. I think they need to manage their cost more effectively and I'm sure thats what they're doing right now.

https://klse.i3investor.com/blogs/Day3/200300.jsp

please read... not very long... very short unlike Choivo Boy's articles!

this 4444 don't know what he wants, I share a good idea he tell me director disposing because of bad news, come on lah 20,000 shares is what RM 10,000 only? barely 10k actually based on that price... Really buta buta tokok

I support sell call, put me in that group!

I say ah I will choose the company that is best at doing foundation. After all foundation is the key to success. If you want to look at the best piling company in Malaysia, you should know who that is!

Dear 4444,

Please read here to get a clearer picture.
https://klse.i3investor.com/blogs/Day3/200300.jsp

Regards,
1 and ONLY Heavenly Punter

Unker Icon, not gone to heaven it's my ability like come from Heaven okay! Very Very good Sign !

Hi everyone, I set up a portfolio, and some spare cash I put into ECONBHD Warrant because I don't want to waste any cash.
https://klse.i3investor.com/servlets/pfs/120499.jsp
Here is my portfolio link!

Okay unker let me go do that.

Here is my brief analysis and reasoning behind the 35% weight in ECONBHD.
https://klse.i3investor.com/blogs/Day3/200300.jsp

you believe him kah... joker lah every counter he say will buy 10 mil shares really buto

That's good for you then... Maybe you need to pump more so it can reach your 1.30 faster !

You sure you don't want to buy your VS instead? Might need your help to push up to 1.30

Unker correct not for every company, but this one maybe you want to look more into it... If you bought at it's low which is around 3 or 4 months ago you are sitting on easily 25% unrealised gain, and not even taking into account of ECRL

http://ir.chartnexus.com/econpile/docs/ar/2018.pdf

Unker the annual report is here. Really decent management team. Both the Chairman and CEO has substantial amount of shares in there. Despite knowing previous QR is going to make huge loss, they held on to their shares, I think the performance of the company is more important for them rather than filling their own pocket. That's what gives me the confidence to put 35% !

Wah unker like this very difficult to invest lo.... The management's past performance has given me enough confidence. I just worried one thing only, they all getting very old hahaha... But not old to our PM that kind of old, so I guess I am just overworrying!

Unker cannot lah... I am very confident with econpile... I feel that the huge sell down previously was really overdone! Like I mentioned will lower steel prices, they should be able to manage their cost more efficiently. After all construction companies main Cost of Sales is steel, correct if I am wrong because I am no engineer!

PChem seems okay but it's against my principle of investing in Oil & Gas related companies so no.

George seems attractive but also in construction, I am more confident with my Econpile pick haha... Among the peers Pintaras and Ikhmas Jaya, I really like Econpile... But you are right 35% seems a bit too much weight...

If really ten years 80 cents I sailang lor, CAGR of 15.7% not bad at all!

Amazing, thanks unker, my favourite too! Both with huge huge potential !

@Tongkarat, your life my dream, one day one day!

What about my other picks unker? Any comments? Thanks

unker qqq3 you are right!! But we shall see what happens when 2019 ends!

Don't miss out this REAL HIDDEN GEM!!! ECRL WILL BE A HUGE HUGE TAILWIND FOR ECONPILE

forget about musang king planter, go get piling specialist : ECONPILE ! ! !

Tongkarat how much was your budget to NZ? Beautiful place but recent event make me a bit scared

ECRL best counter is called Econpile!
https://klse.i3investor.com/blogs/Day3/200300.jsp !!

Additionally, there's still the ECRL which would be very beneficial for Econpile , they are the leading piling expert in Malaysia afterall with 32 years of experience!

Hi Unker probability, I posted a bit on Econpile Bhd.
https://klse.i3investor.com/blogs/Day3/200300.jsp

Basically, I just calculated their current outstanding orderbook stands at around RM 1.5 - 1.6 billion ringgit... roughly around there.. (+ - 100 to 200 million, for completed work). As I said in the article, the most recent QR loss is due to multiple one off expenses, also I noticed that the steel price shot up in their last quarter which could be the main reason for the cost overrun in their property development project. Usually property development command higher profit margin than infrastructure because no need to move machines so much and can keep drilling. But somehow they had a cost overrun, so I think it's very likely attributable to the higher steel costs. Also moving forward, due to implementation of higher minimum wage, I would expect the labour costs to increase, but as long as the management can pass the extra costs to the end customers, everything should be fine.

This guy very smart last time he got pick Econpile, when start lose money then bye bye liao.. That's why all the picks positive return. You know how much to trust him!

Yes Unker this one will benefit also if ECRL continue.
https://klse.i3investor.com/blogs/Day3/200300.jsp

I need some time to compute my TP, because my computer very slow !

I make liao a call. https://klse.i3investor.com/blogs/Day3/200300.jsp
Come see, chun chun call I think.