wonderful closing 1.48 today, hope can breach 1.50 next year...

wonderful closing 3.24 today

up up up

Up up.up

Still.strong the price today although New shares.are listed.

Buy when ppl are sleeping

Inta Bina Bhd

Inta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. They had completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. They are capable of building various types of buildings including residential, commercial, industrial and leisure properties.

Led by Managing Director Mr. Lim Ooi Joo and Deputy Managing Director Mr. Teo Hock Choon, the Group has made great strides in the challenging construction industry. With more than 30 years of work experience between them in the industry, they have been instrumental in driving growth within the Group.

Initially set up to handle residential projects with a contract value below RM1.0 million, they had progressed to building various types of buildings of any project value. Their project portfolio covers terrace houses, bungalows, condominiums, cluster houses, semi-detached houses, town villas, apartments, SOHO, shops, factories, clubhouses and schools.

In terms of revenue, Inta Bina had hit two major milestones. In 2010, their revenue surpassed RM100 million for the first time, and two years later, the RM200 million mark.

Inta Bina Group has secured CIDB’s G7 registration, the highest grade available. This class enables us to undertake building and civil engineering construction projects of any size and project value within Malaysia.

The listed clientele developers include Eco World Development Group Berhad, Engtex Group Berhad, Gamuda Berhad, Mah Sing Group Berhad, Paramount Corporation Berhad, Plenitude Berhad, Selangor Dredging Berhad and Tropicana Corporation Berhad.

Inta Bina Bhd was listed in the ACE Market in May 2017 with the issuance of 535.2mil shares at IPO price of 25sen per share. Based on FY 2016 diluted EPS post listing at 2.38sen, the PE ratio is at 10.5x.

Based on its listing prospectus, the Revenue and profit before tax for FY 2014/15/16 were increasing in trend. Inta also enjoyed a gross profit before tax of 9.4% and 10.8%, which are also increasing trend, thanks to the out standing orderbooks which stands at RM 635mil as at Sept 30th 2017, giving it a steady earnings visibility of 2.5 years.

Based on Q3 2017 Financial Results on Nov 2017, the company reported an increased revenue and Pre tax profit of RM 75.4mil and RM 6.24mil. The Gross Profit Margin during the period was 13.92% ( vs 12.1% in Q2 2017 and 11.9% in Q1 2017). We can see that from Q1 2017 to Q 3 2017, there is an increase in revenue, PBT and gross profit margins, which is due to the high out standing orderbooks it has and cost effectiveness of the company.

Based on latest Q3 2017 results :

NTA = RM 0.174
TTM EPS = 2.17sen
No. of shares = 535.2mil
Market Cap = RM 200.72mil
Cumulated Revenue = RM 220.91mil
Cumulated Gross Profit = RM 27.99mil
Gross Profit Margin = 12.6%
Cumulated Net Profit = RM 10.89mil
Net Profit Margin = 4.92%

Inta Bina BHd fits in very well to my stock investing rule as guided by increasing revenue, net profit and gross profit margin.

I do not have a specific TP for Inta Bina Bhd yet as the current 4Q 2017 results had not yet been fully released ( pending Feb 22nd 2018).

Based on instinct and analysis, the Q4 2017 results will generate an estimated EPS of at least 0.86sen, giving a total EPS of 3.03 sen. Based on current price of 37.5sen, the PE ratio will be 12.3X, which is still within my acceptable range of PE ratio values of 10 - 15x.

The positive aspects of Inta Bina Bhd :
- improving gross profit margins
- increasing net order book that can sustain growth for 2.5 - 3 years
- higher contracts awarded to the company with estimated new order books to be obtained in 2018 RM 300mil
- improving future of constructions and properties segment in Malaysia for 2018 and 2019
- good potentials for it to be transferred to Main Board of Bursa Malaysia which will garner the interest of funds managers ( expected tranfer by 2019), which mimicks HSSEB.
- good relationship with giant construction companies in Malaysia,increasing its chances to garner more projects.

@rruslimz: u are selling shares which u do not belong or held is called short selling...and I think is an offence

Pls buy as much as possible tomorrow. RM 1.50 will be the target

Yeah HSSEB awarded RM 82.5mil ECRL project

slowly up up 37.5

I have full confidence in Serba to achieve my TP RM 4.00

wow 3.27

up up up 3.19

Good write up David. Thanks

Would love if you could give your opinion on Inta Bina too. Thanks

Well, it depends on each individual's trading pattern. For me, I will not be affected as my adjusted cost price will be just 40 -60sen per share and I have almost 800k shares in hand after adjustment

@Explorer : she was just traumatized by her previous bad experience in Sunway Bhd.

To me, Econpile is a good strong company which have marvellous reputation and contracts flow. I dont see a panic to sell the mother shares now.

Some one purposely blocking Serba share prices from moving at RM 3.10

Good on you Chloe...I am still keeping my Econpile shares.

today ex date for Econpile. I am very happy to see my shares growing with just a cost price of RM 1.00 to RM 3.17 within 16 months

Inta Bina will follow the footsteps of HSSEB of transfer of listing to main board from ACE board

WOW good closing 4.99...a 4 week high!!

Today last day to buy Econpile

up up up

slow and steady HSSEB

Buy as much as possible

Buy as much as possible

Buy as much as possible, new contract secured

up up up!

Buy as much as possible

Bought and joined the bought of VS at RM 2.97 today

bye ye stock....KYY start selling Sendai...send -die

Buy as much as possible...ECRL project not yet be announced.

Aggressive buying by KWAP

Up up up~ RM 32.8mil piling project obtained

Why this morning suddenly drop to rm 11.60?

Shariff : u wont know how much price they bought unless they informed Bursa

No competitor for Serba

uo up up!! Multi year high

Buy as much as possible

steady steady

up up up

The free warrants is worth 37.5sen per piece, if were to assume premium of 30% and if Econpile ex price is RM 3.12 with warrants conversion price of RM 1.25

KWAP bought alot today

upup up!!!

up up up@@@

Up up up!

Up up up

This is growth stock with good management people.

Up up up 5.30 now