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2016-04-15 09:37 | Report Abuse
dun fight dun fight
2016-04-14 11:13 | Report Abuse
You not sien always create new ID.
2016-04-14 11:13 | Report Abuse
pookeelicker, how does a real manipulation is done?
2016-04-13 11:30 | Report Abuse
betul gah, got LOA....
2016-04-11 22:27 | Report Abuse
Move to Celcom....more faster n cheaper
2016-04-11 11:24 | Report Abuse
Believe in Karma..
2016-04-09 12:48 | Report Abuse
Really dun understand. If u said all bad words, will u bring the stock up and down. Do you know how many volume trade a day. Is yr wording can bring the stock up and down. Please think again brother. Hope you well.
2016-04-09 12:35 | Report Abuse
I dun understand why u keep say negative here. If u wan sell just sell it, no need complain here, nobody force u here to sell or buy. Really dunno u something wrong or what.
2016-04-08 17:12 | Report Abuse
Im hold since 1 year ago....if not contra, no problem, just wait till 2017.
2016-04-08 15:36 | Report Abuse
still expensive..
2016-04-08 15:08 | Report Abuse
really a long term stocks...good to hold
2016-04-08 14:33 | Report Abuse
cimb report is out already. please refer at cimb itrade
2016-04-08 14:26 | Report Abuse
Share price on a tear
Vivocom’s share price has risen in the past two weeks (+11%). We believe this could be
due to several reasons: 1) expectations of strong 1Q16 results, and 2) expectations of
new contract awards.
Earnings preview: strong 1Q16 results likely
We believe that Vivocom is likely to report strong 1Q16 results in mid-June 2016 that will
beat our estimates. In a recent newspaper report, Executive Director Choo Seng Choon
guided for FY16 revenue of RM760m, which is 33% higher than our estimate. Assuming
similar net profit margins, this implies FY16 net profit of RM60m or RM15m per quarter.
Vivocom could beat our RM3bn contract wins estimate
Vivocom is finalising the award of RM1.5bn worth of LOIs over the next three months. In
addition, we understand that another RM500m in new building jobs in Ipoh is in the
pipeline. Combined with the RM600m in new contract wins announced year-to-date,
Vivocom will be comfortably at RM2.6bn in new contract wins by mid-16. Vivocom will
only require another RM400m in wins for 2H16 to meet our 2016 estimate, which could
be surpassed if the Gemas-JB double-track is awarded by year-end.
Not just a CRCC subcontractor
Vivocom is also in negotiations with other Chinese contractors in Malaysia for subcontract
works. In addition, negotiated tenders with private sector developers, while not
necessarily headline-grabbing, are lucrative contracts with high margins. Given that
Vivocom’s orderbook is growing rapidly, it can afford to be more selective and take on
only high-margin jobs.
Placement to be completed by mid-2016
Vivocom needs about 10% working capital for every ringgit of its outstanding order book,
primarily to meet the 5% performance bond and 5% for preliminary work done. To that
end, Vivocom intends to complete the balance 4.5% of its 10% placement by mid-2016.
Overall, Vivocom is not keen on taking on too much debt and will retain a 70-30 equitydebt
structure. As such, we believe that a placement in 2017 could happen if job wins
exceed our expectations.
We expect strong performance leading up to 1Q16 results
Over the next three months, we expect multiple re-rating catalysts to materialise. In
addition to letter of awards for various contracts worth RM1.5bn, the strong 1Q16 results
should calm investors’ earlier concerns about Vivocom’s execution ability. CRCC
contract awards are likely to materialise in 2H16, i.e. Penang major roads and GemasJB
double-track. We retain our EPS forecasts, SOP-based target price and Add rating
2016-04-08 14:25 | Report Abuse
Earnings preview: V-Power
■ Share price buoyed by expectations of strong 1Q16 results in mid-June.
■ Annualised, 1Q16 could beat our estimate by 33%.
■ Orderbook pipeline remains strong and could exceed our RM3bn estimate in 2016.
■ Strong share price performance expected over the next three months.
■ Retain EPS forecasts and Add rating
2016-04-04 20:53 | Report Abuse
i think more contract is coming in... since all this contract is small and short.
2016-03-30 18:17 | Report Abuse
If really good if can declare 8sen pa
2016-03-25 18:29 | Report Abuse
ask ICON....he at COMCORP counter haha
2016-03-24 10:28 | Report Abuse
When is the exdate for 2sen dividend
2016-03-22 20:28 | Report Abuse
if every quarter give 2sen, can treat it as FD,
2016-03-15 17:41 | Report Abuse
Vivocom Intl Holdings Bhd
RM3bn worth of contract wins this year?
■ Biggest surprise was the RM1.5bn potential new order wins in the next six months.
■ Likely to complete the balance 5.5% private placement by mid-2016.
■ Management emphasised that strong margins are driven by a negotiated-tender
model.
■ Our Add rating and EPS forecasts are intact.
■ Potential catalysts are new contract wins and strong 1Q16 results.
Evolution of a telco tower builder
At our Singapore corporate day, Vivocom was represented by Executive Director, Choo
Seng Choon, who met with 13 fund managers. Clients wanted to know the history of
Vivocom and its evolution from a telco tower builder to a construction company.
RM3bn worth of contract wins in 2016?
Vivocom is finalising the award and contract values for RM1.5bn worth of LOIs over the
next six months. This was a big positive surprise, in our view, as combined with
RM600m in new contract wins announced so far, and assuming it secures RM800m-
1.6bn from Gemas-JB double tracking project, our forecast of RM3bn worth of contract
wins in 2016 should be met or even surpassed.
How Vivocom is different from the rest
In explaining Vivocom's competitive advantage and superior margins vs. other listed
construction companies, Vivocom emphasised that it runs a negotiated-tender business
model with two main focus segments; 1) as a subcontractor to China Railway
Construction Corporation (CRCC) and 2) as a main contractor to non-CRCC related
jobs.
Staying in Malaysia for now
Vivocom stressed that expansion into Indonesia is not a priority and it will only proceed
cautiously when it has sufficient resources and economies of scale to do so. On its
transfer to the Main Board, management said that this is likely to take place in 2H17 as it
requires a full year of construction profit to meet Bursa's requirements.
Placement to be completed by mid-2016
Questions also surrounded its balance sheet and working capital requirements given its
rapidly growing order book. Vivocom explained that it needs about 10% working capital
for every ringgit of its outstanding order book, primarily to meet the 5% performance
bond and 5% for preliminary work done. To that end, Vivocom intends to complete the
balance 5.5% of its 10% placement by mid-2016. Overall, Vivocom is not keen on taking
on too much debt and will retain a 70-30 equity-debt structure.
Time for a re-rating
We retain our EPS forecasts, SOP-based target price and Add rating. We diluted our
EPS forecasts in our earlier report for the 10% private placement. Potential re-rating
catalysts are contract win announcements and strong 1Q16 results.
2016-03-07 11:16 | Report Abuse
why u jealous SKUNK.
2016-02-26 20:59 | Report Abuse
From PE 106 to 68, good...
2016-02-04 11:36 | Report Abuse
amitabha when i see this
2016-02-03 18:24 | Report Abuse
new contract maybe...or aquisition like COMCORP
2016-01-25 21:22 | Report Abuse
funny....like argue mother n dad
2016-01-21 18:31 | Report Abuse
0.90 then 0.80 will buy every 10 sen drop
2016-01-20 20:02 | Report Abuse
On Bursa Malaysia, Vivocom has transformed into the biggest ACE company in Malaysia and remained the market volume leader for the past several weeks, a phenomenon seldom seen in Malaysian stocks.
Vivocom has a strategic relationship with CRCC Malaysia, a subsidiary of China’s construction behemoth China Railway Construction Corporation Ltd, and is their in-house contractor as well as their Project Delivery Partner in Malaysia.
Its recently awarded notable projects include a RM116 million project in Gombak and two projects totaling RM378 million related to the 1Gateway project in Klang and 1Pavilion Hilltop in Mont Kiara, Kuala Lumpur.
These projects together with the company's current order book are expected to give a strong earnings visibility until end-2017 and beyond. Vivocom currently has a project pipeline estimated at RM2.3 billion.
The company’s Executive Director, Mr Choo Seng Choon, said: “We are very pleased to secure the latest RM240million contract. There will be further announcements to come as we are successfully awarded more contracts.”
“Instacom CEO Dato’ Seri Dr Yeoh Seong Mok was instrumental in securing this project. There will be more to come and Instacom is looking forward to delivering stronger and better financial performance ahead.”
2016-01-20 18:57 | Report Abuse
dun understand why ppl so angry....jz look funny when like this...
2016-01-20 17:18 | Report Abuse
ini ong lo....macam
2016-01-20 17:16 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4980409
OTHERS LETTER OF AWARD RECEIVED BY INSTACOM GROUP BERHAD
2016-01-19 23:07 | Report Abuse
dun fight lol......down u angry up u angry...what the point fighting here u all...really dun understand
2016-01-17 12:44 | Report Abuse
buy more...rewards
2016-01-15 17:22 | Report Abuse
my eg drop like hell....really wtf
Stock: [VINVEST]: VINVEST CAPITAL HOLDINGS BERHAD
2016-04-15 09:37 | Report Abuse
myview up u win....tokok down u win....
okok