@aaron, alive and making loads thanks to GDB :)

Aaron, strong u turn from 91c to 96.5 ? lmao

Reality is that the share price as of this message is 99c :)

Honestly, i don't think EPF would be loading millions of shares at 55-60c previously if they didn't had the confidence in this company. Maybe they know something we don't ?

@Aaron_tan, 90c seem abit farfetched now. Better jump on the boat at 96.5c before it sail north of RM1

@123eztrade - simple, the fundamentals of this company is easily the best in the construction sector now. Also the industry will be closely monitoring GDB's progress with 8conlay. This project has been around for many years but there has been delays over delays with the previous main contractor. Now that GDB is taking the helm, it's important to see how they would deliver this project. Looking at their past performance, all of their high rise projects were delivered prior to the delivery date stipulated in the contract so I believe in the capability of GDB in delivering 8conlay on time, or potentially earlier.

Great win in this slow times. Previously Econpile's orderbook is at RM700mil, this new award will boost the orderbook by 50%, well over RM1bil. I think it is very common for malaysia stocks to sell on news but it is a great opportunity to enter.

Also worth noting another highly capable construction firm GDB which signed a letter of intent in October which saw the share price rise to 75c and got smashed down to 61c. That was an epic opportunity to accumulate as they are sitting at 94c atm.

I think this will be a great opportunity to accumulate ECONBHD as the capital raise that was done recently will clean out it's balance sheet, provide funding for machineries in Cambodia and put them in a good position to further capitalize on overseas projects.

Thanks to the people who sold from 75c down to 61c when 8conlay LOI was announced, you guys are the best. 55% gain from 61c, thank you very much.

Bitter Aaron, did you miss the boat ?

It's camb-ingggggggggggggggggggggggggggg

Congratulations to all GDB holders. The market has finally woken up to this small construction company which has one of the healthiest track record and books in the whole KLSE. Also worth noting that there is very little to almost no coverage of GDB from analyst so far. Wonder if they've been accumulating? :)

Also do note, at 77c, dividend annually @ 2c per share is still at 2.60%. Higher than FD. Profits are poised to increase which could see dividend rise to 3-4c.

Fundies are definitely taking notice of GDB, solid books with zero debt and huge orderbook with visibility over the next 3 years. STRONG BUY

Did some behind the tissue box calculation for GDB.

Currently with 8conlay award, orderbook sits at RM2.27bil over the next 3 years.

Revenue per year, equally dividing RM2.27bil is RM757mil per year(We should see higher revenue allocation to 2021 and 2022 due to completion of Park Regent, Hap Seng Showroom and Hyatt Centric Sabah)

Historically, their PAT margin hovers between 12% - 7%, taking the lower case scenario of 7% - 9%

7% PAT
RM757mil x 7% = RM52.99mil PAT
EPS of RM0.084784

PE8 - RM0.678 per share
PE10 - RM0.848 per share
PE12 - RM1.017 per share

8% PAT
RM757mil x 8% = RM60.56mil PAT
EPS of RM0.06896

PE8 - RM0.775 per share
PE10 - RM0.968 per share
PE12 - RM1.163 per share

9% PAT
RM757mil x 9% = RM68.13mil PAT
EPS of RM0.109

PE8 - RM0.872 per share
PE10 - RM1.09 per share
PE12 - RM1.308 per share

Also, another thing worth noting is that 8Conlay has had a portion of it's super structure completed so a majority of the award would relate to interior works which I believe should provide them with a greater margin due to it's high premium luxury development.

I think it's a strong buy for me at this levels for GDB as they have proven again to be a solid construction player with capabilities to secure high end sophisticated projects. Also with a very solid balance sheet and net cash position. Lastly at current price of RM0.735 per share at the time of writing, 2c dividend per year would provide 2.7% dividend per year which is still higher than FD rates. Also with a dividend policy of 30% which historically has been higher at 44.8%, we might even see 3-4c dividend in FY21-22.

GDB Holldiings Berhad TP: RM0.95 (+38.7%)
Secures Single-Largest Contract
Last Traded: RM0.685
BUY
TA GLOBAL

Care to share how you arrive at that, Gener

Being profitable during this pandemic with MCO essentially stopping their site operation for almost 2 months, this shows the strong capabilities of the management during this crisis times. Along with a solid tender book of RM2.8bil, a 20% success rate would increase their order book by rm560mil ontop of their current orderbook of rm1bil. Also note that GDB's profits are double of a construction giant like SUNCON.

why would you cut loss for such a stellar company with great fundamentals and growth potential

GCB Mother at 3.46

GCB WB at 1.66, thats 15c discount or 4.3% to mother.

No brainer!

Are we expecting some neck breaking quarterly coming soon ?

All looks good with GDB earnings visibility for the next 2 years.

As of 31st Dec 2019, orderbook stands at RM1.15bil and majority is due completion end of 2021. That gives an equal distribution of RM143.75mil per quarter for FY20 and FY21.

At RM143.75mil and a conservative PAT margin of 8%, that gives us RM11.5mil PAT or 1.84c EPS per quarter.

At PE12, that would give a share price of RM0.88. This does not include any further increase in orderbook.

Market has over reacted on O&G counters, especially maintenance and hookup/commissioning counters like Petra, Dayang and Carimin.

A rerate is under way and the valuations are still way undervalued.

Looks like the weak hands and margin calls has settled and the general market finally wake up to how undervalued econpile is. Orderbook still holding strong over RM800mil that should see earnings for the next 2 years. Also Econpile's potential expansion into other regions in SEA should see some traction in FY20.

Petra Energy at 64.5c

PE only at 3.324 compared to their peers - Dayang PE 5.4 / Carimin 3.8 / Uzma 4.94

Debt to Equity Ratio - 0.665

Net Tangible Asset - RM1.19 per share

Cash as of 31 Dec 2019 - RM160mil

Market cap at 64.5 is only RM205.92mil

Market has overreacted on these counters.

ECRL Confirmed !!!

Houston, we are ready for take off

Back to glory days of 95c

PUTRAJAYA: Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd have signed a supplementary agreement that will pave the way for the resumption of the East Coast Rail Link (ECRL) project.

The signing was achieved after months of negotiations between the companies involved as well as the governments of Malaysia and China, said the Prime Minister’s Office (PMO).

“We are pleased to announce that the construction cost of Phases 1 and 2 of the ECRL has now been reduced to RM44bil.

“This is a reduction of RM21.5bil from the original cost of RM65.5bil.

“This reduction will surely benefit Malaysia and lighten the burden of the country’s financial position,” said the PMO in a statement Friday (April 12).

The supplementary agreement covers the engineering, procurement, construction and commissioning aspects of the ECRL, it added.

The PMO also said that further details of the improved deal will be made known at a press conference next Monday (April 15).

Prime Minister Tun Dr Mahathir Mohamad is expected to give the press conference.

According to earlier reports, Phase 1 of the 688km rail line will be from Klang Valley to Kuantan while Phase 2 will cover Kuantan to Kuala Terengganu.

The project’s Phase 3 will see the rail line connecting Kuala Terengganu to Kota Baru and Tumpat.


Read more at https://www.thestar.com.my/news/nation/2019/04/12/ecrl-project-is-back-on-supplementary-deal-signed/#IGCKzsbZycO0xwtV.99

is this idiot dumb or what ? first quarterly loss due to external factors since listing a few years back and he's saying econpile doesn't know how to do maths? what a dumbass

a 55c close to end the week is bloody awesome already. Congrats to those that topped up around 34c.

The whole KLSE is red but Econ had a big comeback today from down to 51.5c and now 54.5c. This shows a very solid interest and also the past 2 days, we had our biggest volume of 40mil and 44mil in many years. I think we are truly in a reversal and an upward trend.

alot auntie uncle got shaken off by the sinchew article ?

@AmstrongKL

You do know that Econpile's bread and butter is not infrastructure right.

38% increase in net profit compared to previous quarter. Yums

highest close post GE14, guns up boys and girls !

A very strong last hour, the FOMO is coming in! could it possibly be a signal for great quarterly ? :)

strong resistance at 89.5c, doesn't seem like it's going below that today

standard pricing before GE14 is RM1.2 wow

why buy warrant when mother is much cheaper than exercise price ?!

the whole world is tanking, KLCI down 1.22% now, wouldn't be surprised if there is some selling on GBG.

the bulls and bears having a showdown man

looking at trend, it looks like its headed towards pre-election range of 1.55 to 1.65. That would be sweet!

a teaser into RM1.31 on mother today. Strong buyers in this red market. HSR not cancelled but potentially revised to upgrade existing rail line with estimate cost of RM20bil so GBG might have a piece of this pie as well. If ECRL revised cost, GBG stand to be a capable contractor for that too. If they are able to bag couple packages from ECRL + Pan Borneo + HSR, this prices are way too discounted.

this counter looks like it's on route back to pre-election levels. Very interesting

solid buying today with GBGAQRS although overall market sentiment is low. Should see some price movement tomorrow, potentially coupled with some pan borneo or ECRL updates i think

collected some at 25.5c :) April will be interesting for GBGAQRS

Back to 1.90s !

way oversold, now watch for the bounce as smart money accumulate through all the stop losses from last week