well we all just hope

manstar, why cut loss? surely would have got IPO rite?

Played up figures.

Why Director sell at 0.585 on 9/9 and today 0.555? Gonna fall more!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5204253

Agree with Darth!!!

Largest contract win to-date
● Vivocom announced that it had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases. This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak.

Orderbook surpasses RM2bn
● The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn . In its press release, executive director Choo Seng Choon also said that the company was aiming to close more projects worth c.RM1.8bn before end-2016, with the immediate contract worth RM400m-500m to be concluded by Sep 2016.

Orderbook could hit RM4bn this year
● If Vivocom succeeds in meeting its orderbook target of RM1.8bn in 2H16, its orderbook will hit almost RM4bn at year-end and its contract win of RM3.5bn will surpass our RM3bn estimate for 2016. This will lend strong support to our FY17F earnings visibility.

Scope for massive P/E re-rating
● A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E.

Maintain Add
● We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x. Downside risks to our target price are project delays and execution risk.



Previous [ Vivocom Intl Holdings Bhd ] reports...
13/7/16 Co.Flash Announces 1-for-4 bonus issue (ADD, RM0.26 tp:RM0.78)
25/6/16 Co.Note Changing of the guard? (ADD, RM0.25 tp:RM0.78)
12/5/16 Co.Note Va va voom! (ADD, RM0.36 tp:RM0.78▲)

gonna fly

TQ Willy99. People should just share the real n true info that is helpful to all.

SALLEH-STATEMENT (1MDB) STATEMENT BY MINISTER SALLEH OVER US DEPT OF JUSTICE ACTION WITH REGARD TO 1MDB

KUALA LUMPUR, July 21 (Bernama) -- Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak today issued a statement in response to the United States Department of Justice action with regard to 1Malaysia Development Berhad.

Following is the full statement:

"United States Department of Justice Civil Complaints: Statement by Minister of Communications and Multimedia

21 July 2016

1MDB has been the subject of unprecedented politically-motivated attacks, the objectives of which were to unseat a democratically-elected head of government.

So many of the allegations, like Tun Dr Mahathir Mohamad’s remark that RM42 billion had gone missing, were later proved false – in this case by the bi-partisan Public Accounts Committee.

This means that any claims relating to 1MDB must be treated with caution, follow due legal process and adhere to the principle of 'innocent until proven guilty'. No one should rush to judgment before allegations are proven in court.
The donation to the Prime Minister is a separate matter. After comprehensive investigations by many authorities, it has been confirmed that the funds were a donation from the Royal Family of Saudi Arabia –
as stated by the Foreign Minister of Saudi Arabia on 14th April.

Datuk Seri Panglima Dr Salleh Said Keruak Minister of Communications and Multimedia Malaysia

roposed 1:4 bonus issue
● The company has proposed a 1:4 bonus issue, which will boost its issued shares from 2.6bn shares to 3.2bn shares. The company expects to complete the bonus issue in about two months, after shareholders’ approval. The last bonus issue was 1:3 in Oct 15, just nine months ago. The current bonus proposal does not come as a surprise to us as management had already hinted at this during their 1Q16 results.

We are neutral on this exercise
● While bonus issues typically boost retail investor interest in a stock that suffers from a lack of trading liquidity, Vivocom does not have this problem. At the existing share base of 2.6bn shares and a 57% free float, it is frequently already on the top 10 in terms of volume on Bursa Malaysia.

Immediate focus on CEO tenure
● Feedback from speaking to retail, high-net worth and institutional clients reveal that investors’ immediate focus will be on the uncertainty surrounding CEO Dr Yeoh’s position in Vivocom. We believe that this should be made clear to investors to lift the overhang on near-term sentiment on the stock as there has been a great deal of speculation on the reasons for his potential early retirement.

Tenderbook is not just about CRCC
● Vivocom’s RM900m in new contract wins this year has been from non-CRCC clients, which is testimony that it is not just reliant on CRCC for job wins. It also announced that it is finalising a RM600m contract in Perak. Of its RM4bn order pipeline, only about 30% are CRCC contracts (c.RM1.1bn – Gemas JB double track and Penang major roads). The recent tie-up with China Nuclear Engineering paves the way for an additional strategic partner with a mega Chinese contractor.

Maintain Add
● Vivocom’s share price has recovered from the technical support of 22.5 sen. Our target price is SOP-based and remains unchanged, with the construction business valued at a 10.5x FY17 P/E, based on a 30% discount to the average sector P/E of 15x, comparable to other pure contractors of this size. Risks to our target price are project delays and execution. A potential re-rating catalyst is the strong 2Q 16 results.