http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=13392

$$$$$$ =>> Scomies

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1013190

Closing date: 22 Nov 2017

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=183138&name=EA_DS_ATTACHMENTS

The new shareholder will likely stop supporting the share price once the deadline for minority shareholders to accept the current MGO @ 16 sen is over..... be careful....

Even the previous MAJOR shareholder (the late Tan Sri LIm Goh Tong's son) held and controlled the company for 15 years and didn't manage to add value or enhance the company value, and finally had to sell off his entire stake at 16 sen per share last month..........pity those who bought into this counter earlier this year when it was pushed up to 71 sen for no reason or positive development in the company......sigh......

We maintain our forecasts, FV of RM2.76 and BUY call, following an analyst briefing yesterday. Our FV is based on 12x FY18F FD EPS, in line with our 1-year forward target PE of 10-12x for small-cap construction stocks.

YTD, Kimlun’s construction division has bagged about RM0.9bil new jobs, boosting its balance order book to approximately RM2bil (including the RM50mil Tanjung Langsat–Cahaya Masai Toll connecting road contract awarded by Mah Sing announced yesterday). Kimlun believes it should end FY17F with total job wins of about RM1bil, vs. RM1.4bil it secured in FY16.

For FY18, Kimlun is mixed on the prospects of construction job wins. While it is confident of securing about RM500mil worth of government-funded affordable housing projects (such as PR1MA and Selangorku), it is cautious on the private property sector (given the still soft property market) and the public infrastructure sector (given the unpredictability of the actual timing of the rollout of key infrastructure projects including the East Coast Rail Link and KL-Singapore High-Speed Rail).

We have raised our assumption for construction job wins in FY17F to RM1bil (from RM900mil), which is offset by higher interest expenses arising from higher capex of RM60mil and RM30mil in FY17-18F as guided (vs. our assumption of RM15mil annually), largely to facilitate the execution of the RM1.46bil Pan Borneo Sarawak contract. For FY18-19F, we maintain our assumption for construction job wins at RM700mil annually.

Meanwhile, its manufacturing order backlog remains elevated at RM320mil (vs. RM260mil six months ago), underpinned largely by MRT2 orders comprising segmental box girders, tunnel lining segments and other pre-cast concrete products (with a total value of RM280mil), with the balance coming from recurring orders from various infrastructure projects in Singapore.

We project Kimlun's FD EPS to contract by 20.8% in FY17F from a high base a year ago (largely due to lumpy variation order claims recognised during the year). Its earnings growth momentum should resume in FY18F (+27.7%).

We continue to like Kimlun as it is a good proxy to the booming local construction sector given its involvement in the MRT2 (supply of precast concrete segments), Pan Borneo Highway and the construction of affordable housing. Kimlun's earnings profile has improved tremendously as it no longer relies solely on building jobs, but has expanded to infrastructure (Pan Borneo Highway). Similarly, its manufacturing unit has widened its product offering with the latest being rail sleepers and parapet walls.

AmInvest Research - 29 Sept 2017

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5396937

L&G Icul's conversion price of 20 sen means: 1 ICUL @ 13 sen + 7 sen cash => 1 ordinary share

http://www.theedgemarkets.com/article/inta-bina-may-climb-higher-says-rhb-retail-research

https://www.thestar.com.my/business/business-news/2017/09/16/low-oil-price-a-blessing-in-disguise-for-enra/

http://www.theedgemarkets.com/article/top-gloves-lim-buys-1024-tropicana

The entry of TSDLWC has effectively removed the fear of this company being taken private in the foreseeable future.

Great news for the investors.

It can shoot up much more if it could sign a JV to develop a property project without having to pay the land cost upfront. This may happen given its strong track record in constructing high rise buildings.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=82678&name=EA_GA_ATTACHMENTS

It should start securing new projects soon as the property market has seen some projects having been well received by the public with good take up rates upon launching

It's a matter of time for prime property counters to regain their glory and be appreciated. Three years have passed.........

http://cdn1.i3investor.com/my/files/st88k/0069_VIVOCOM/pt/MIDF/0069_VIVOCOM_MIDF_2017-10-16_BUY_0.395_Vivocom%20Holdings%20International%20Berhad%20-%20Tapping%20Directly%20Into%20OBOR%20Network_-454520267.pdf

https://www.youtube.com/watch?v=O6SPrGCfmiA

Brent oil has shut up to USD 59 per barrel now

Why its trade receivables are so bloody high? Is this company facing collection problems???
Any cash flow problem?? Can pay its trade creditors promptly?......
Why its major shareholders have been selling despite reporting good profits????..
Got profit but no cash flow coming in??? The profit was real or not??

http://klse.i3investor.com/servlets/stk/annchsh/5226.jsp

http://www.thestar.com.my/business/business-news/2017/09/20/rehda-optimistic-of-h1-2018-property-sector-outlook/

http://www.thestar.com.my/business/business-news/2017/09/20/rehda-optimistic-of-h1-2018-property-sector-outlook/

http://cdn1.i3investor.com/my/files/dfgs88n/2017/09/18/1506877561--62286344.pdf

Property (NEUTRAL) - Bottoming Up

http://klse.i3investor.com/blogs/MplusOnline/131319.jsp
http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=11602

All in all, its construction orderbook => RM 2.2 Bil ????

http://klse.i3investor.com/blogs/stockswizard/132267.jsp

http://www.theedgemarkets.com/article/lg-launch-rm710m-gdv-worth-projects-fy18

Cooking something....?

Prospects For 2017 (Extract from its latest quarterly report)

The Group has an estimated construction and manufacturing balance order book of approximately
RM1.98 billion and RM0.32 billion respectively as at 30 June 2017, contributed by numerous
construction contracts and supply contracts. The balance order book provides a good earnings
visibility to the Group and is expected to keep the Group busy for the next 2 years.

The Board is optimistic that the construction sector of Malaysia and Singapore will continue to be
vibrant in 2017, thus offer order book replenishment prospects.

Property counters got hope???

http://klse.i3investor.com/blogs/OoiKakHwa/130984.jsp

"The Group is expected to derive positive contributions towards financial
year ending 31 March 2018 and beyond from project launches in Klang Valley and Seri Manjung,
Perak." -- extract from its latest 1st quarterly result.

http://cdn1.i3investor.com/my/files/dfgs88n/2017/08/22/1506818854--1846836528.pdf

Phase 2 of Home Tree in Kota Kemuning comprising 99 units of bungalows and 166 units of semi-Ds will be officially launched on August 27, 2017 while Phase 5 comprising 23 units of 3 / 4 storey semi-D and bungalow shoplots is expected to be launched soon. The Group is currently in the final stages of securing the necessary approvals from the relevant authorities before doing an official launch for phase 5.

The Group is optimistic that these projects as well as existing ones will contribute positively to its earnings for FY 2018

http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=10061

http://klse.i3investor.com/insider/substantialShareholder/5038/16-Aug-2017/405479_2353780149.jsp

AllianceDBS' target price for Kimlun: RM3.06

http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports/#/?counter=5171&cbrs=all&leap=all

Inta may start moving up the moment it has secured a major project worth RM 200 mil.

It's the best news as it's disposing the biggest money losing F&B business in the group. The disposal will see the group report better earnings in the 3rd & 4th quarterly results.

Finally the management is doing the right things and putting the group on the right path. It will launch more projects by end of this year.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=181750&name=EA_DS_ATTACHMENTS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=195947&name=EA_FR_ATTACHMENTS

http://klse.i3investor.com/insider/substantialShareholderNoticeOfInterest/7183/04-Aug-2017/11989_2047864528.jsp

Hope he could help secure some big PRIMA projects......

http://cdn1.i3investor.com/my/files/st88k/3174_L&G/annual/2017-03-31/3174_L&G_AnnualReport_2017-03-31_Annual%20Report%202017_-1469078597.pdf

It is confirmed that L&G wants to redevelop 20 acres of of its Sri Damansara Club land which has a book value of slightly > RM3.7 mil only. The current open market value of the 20 acres land will be $$$$$$.

Its another plot of land in Shah Alam known as The U10 Land, measuring approximately 112.3 acres, will be a new township that will be developed into a mix of link houses, semi-detached houses, serviced apartments and affordable housing (Rumah Selangorku). The building plans have been submitted while the conceptualization of the development is being finalised for future submission. The estimated GDV for the entire project is RM1.25 BILLION.

All in all, the company can generate a total GDV of RM8 BILLION from all its land bank in decent locations.

It looks like that L&G needs more research houses to promote it to the public then only it can start moving up....quite disappointed with its sleeping management team for not engaging the research houses and media........

At least RM200 mil profit can be generated by the Phase 2 because the land cost was very low

Its 53 hectare freehold land in Seremban, not Serendah (to be developed into Sena Parc project) was acquired for RM 15 mil only

http://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/127412.jsp

Its landbank in Seremban has appreciated many folds since acquisition

L&G will surprise everyone when it has applied to convert its >30 acres Kelab Sri Damansara vacant land (currently a driving range, BV=RM3.7m) into a mixed development land...

http://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/127412.jsp

L&G will soon start reporting strong quarterly results or profits being generated by the projects injected by Mayland in the recent corporate exercise.

http://www.malaysiastock.biz/Company-Announcement.aspx?id=973233

The major shareholder holds a 34% stake in the company after the recent right issue,

And the company had indeed registered very good profit every year from FY2012 (RM33 mil) to FY2016 (RM92 mil) before the property market slowed down as a whole. It had also reported RM53 mil net profit for FY2017.

It should not be difficult for the counter to move up to 35 sen when the property market sentiments improve,,,

http://www.theedgemarkets.com/article/ringgit-easily-asias-strongest-currency

http://klse.i3investor.com/m/blog/ValueGrowthInvesting/118679.jsp

http://www.malaysiastock.biz/Company-Announcement.aspx?id=974327

With the completion of all the earlier proposed acquisitions, L&G is poised to register strong profit figures in the next few quarters, being generated by projects from those companies acquired. Hence, its share price will likely go up by end of this year.