MRT 3 $30B: Gamuda/ MMC, IJM, WCT, AQRS, MRCB, YTL, HSSEB
Pan Borneo $4B: AQRS (JV with Suria Cap), AQRS (Pre-Cast JV with Sabah Econ Board), WCT
HSR: Johor Developers (AQRS The Peak)
Forest City Special FZ: Developers (AQRS The Peak)

For a company with a track record of Govt jobs and in fact currently still working on LRT3 etc the market cap is simply too small, I am talking about absolute size. AQRS market cap is only RM195M at today's price. Even Econpile is RM389M. If there's a sector wide recovery, it really isn't that difficult for AQRS to make that much in profits alone isn't it 😁

This thread so quiet, have to express some opinions can't read silently like other threads. Goodluck all

That 125% has worked to my favour with UEMS. I sold way too early, bought back at 48.5c, chickened out at 52.5c, and then got back again at 55c. It's a terrible move but I later figured this sector has turned, it's bullish and what we did right for the past few years should not be applied to the current market...wanna make $ or not right

There's comfort in the sector wide run. If this is a run solely by AQRS it'll be harder to hold so much comfortably. Keeping a keen eye on the sector esp UEMS. Like it or not, even tho UEMS can come down by 30% and still come out way ahead of AQRS, should that happen it'll destroy sector wide sentiment and we could either quit or be prepared to be locked up....

For this one...as do all others which trend has just turned, it's always difficult to hold. Well, what I do is add about 25% to my existing exposure. e.g. I added 25% more at $0.355 instead of selling, and then when it runs at least I get to sell that 25% to settle the itchy fingers syndrome and hopefully it's easier to hold onto the 100% lol

Now we have to see how strong it holds at new support circa $0.350. This looks more like the formation of a new trading range $0.350-0.400 than a false breakout. Still, can't be sure

@jackson, riding for sure. If we extend the chart duration, where we are at is but a small blip. This is a long time coming and a first convincing breakout in as many years. Way too early to take all profit

Your instincts is right 888

Genting is forming a nice flag pattern preceding a break out...but come Monday ex-Dividend it's gonna correct by that 6 cents, then we see how it goes from there, not bad la

That gap from .635 to .485 will be filled, matter of time no worries

Added more at 1.07. I think tide has turned, this is uptrending. If go back to 80 cents then too bad for me la lol

i am holding aqrs ksl uems and a few others. after all these years, the trend has just turned, a little too early to quit. hopefully PMX delivers

you can have a look at KSL too, impressive fundamentals + johor play. koon yew yin counter

TKO sell, not scared?

why so quiet...everyone sold?

Please enlighten how zahid umno relates to genting ya

Going strong, this is just the beginning

@James Bond you very cute har day day sing hibiscus song u sell at $1 hahaha swap to properties right goodluck

Smallest 200m counter with a leg in Johor, Infra, and one which survived the slowdown well. Hold

Uncle Koon stock wor. OTB here? Koon Bee power

Forget about the outlook and fundamentals...

Market is so bullish watch out they sweep it up out of the blue like Hibiscus

Maybe AQRS will issue Bonus Warrant C

Fundamentals OK relative to sector

In a genuine uptrend, stock runs way ahead of confirmation of news/ earnings whatever

This round we have Pan Borneo tender in 4Q and potential roll out of major infra projects.

If I were to speculate, it's going to run a bit furhter, have a sharp pullback and then run again closer to these positives

I think we should ride with this, too early to sell. What do you think? 0.375 is the resistance and there's heavy trading right now 37-37.5. It appears to me an even chance only whether it will break out above 37.5. A little uneasy holding on, but I'll hold. Any insights appreciated @bojed, active stock, quiet forum - good sign lol

Looks like accumulation could have started in Jan'23 when volume first spiked

They heard you



bojed

COME ONNNNNNN

20 hours ago

will the much awaited break out materialise?

https://research.uobkayhian.com/content_view.jsp?id=74872&ety=com&h=ec1e2e95c02ec416a000d4800ead205e&back=%2Fcontent.jsp%3Fety%3Dcom%26com%3DBAB%2520MK%26comname%3DBumi%2520Armada%2520Bhd

nikicheong

Anyone have the report from RHB, UOB or CIMB, pls share

If Armada dont go up over next few months quite sad case de

When high NAV low earnings counter cant go up, we say stocks trade on earnings

So this one high earnings high NAV how lol

A true B not true

Few Bursa counters consistently have this liquidity and volatility with some reasonable fundamentals. This is more volatile than MYEG



i3lurker

look at the age of the FPSOs
A) the cashflow is just the payback for the huge initial investments.

very lucky if can walk away with small loss.

B) from the gambling viewpoint there are much more volatile counters out there

3 minutes ago

at this point i think weakness relates to the loss of future prospects as once touted, and reputational credibility issues than kraken itself. Kraken issue obviously over for now

3Q will be worse given similar loss in revenue + recognising HSP restoration cost

But by 3Q results we will be half way through 4Q. Assumming no hiccoughs it will be churning out 200M after tax each quarter

A pity they withdrew from FPSO Cameia. This balance sheet can take on 1 large FPSO like Yinson. Armada's cashflow really not bad

There's quite a bit going on for it. Most of the contracts will pay this year. Impending claims against govt for VO also coming. Profits will surge this year if not next. Together with increase in profit, gearing will reduce significantly and once pledged FDs released they will be in a strong cash position. Launch Gambang Pahang next year easy sell affordable housing. But clearly somethign is amiss. Market is still valuing it below $200M. Market is always right...what is missing

Selling and buying a few rounds...my average here is still 36c. Difficult job this one.

This sleepy counter. When it does hit 36c I will hold tight

There's a gap in contract news from when it was high flying 1+ till now. What happened to Sedco supplying cement for Pan Borneo? What happeend to joint-bidding with Suria for Pan Borneo contracts? From Sabah it seems they have now shifted focus to Pahang...

This Yinson-WA buyer...big money. Been many weeks. It's not easy to resist the temptation to sell. I am now running out of warrants to sell. It takes all of my energy and then a bit more to resist selling my balance half to them now hehe

Recall that it wasn't easy to push that stock down to 43c, operators in play. So the large free float = too many sharks and they killing each other. So our job is to pick the right team not speculate on results lol

Armada move has always been weird...remember that time where everyone here knows thanks to Nicky that it Kraken restored to 90% and that morning it dived to 43c and after lunch announcement made +8%.

Since most retailers like us won't cut loss but love to average down, most of us have then made money from that point. The question is who lost money then........

Really dont have to speculate too much on results...this is FPSO, it's more or less there, more or less predictable, everyone here knows a thing or two about it and one-off matters immaterial.

Yes. Share consolidation is the bonus. Well it shows that they care about share price and want to do something about it. Above $2 invites a new class of shareholders, liqudity should ironically improve which then leads to expansion in valuation. Buy it before ex-consolidation. $2.80 = $1.12 conservatively and $1.40-1.60 range the moment Fed pauses China recovers and shortage emerges in 4Q. Lots of IFs lol

Proposed 5-to-2 share consolidation

Results announced

Yes the sector's run coincide with AQRS's peak results these few quarters. Even doubling it is still inexpensive, and even before any new Govt contract. But what is cheap can remain cheap indefinitely, we will need UEMS to continue leading, don't fall!

@Kim Sua's heart is with Yinson that's why

This feels like a spring. Press press press. Wait for the bounce ya

lol if calculate like that do you realise it's worth nothing if you use a PE of 5? 🤣

MCA sure main main, tong kooi ong dont main main har

The beauty is years of outperformance didnt seem to get to the heads of management - reflecting that they have not peaked. Still doing all the right things and moving a step at a time to RE.

What a company

If you believe in oil, you can't really wait on Hibiscus. Just spread it out and buy over multiple batches. Oil is volatile, individual stock chart less meaningful when the driving force is oil price

Tomorrow Q1 FYE 2024 results