I and many others write here long long analysis for months already waiting for this day...
By the way, for new investors here, the current price is still UNDERVALUED, even if the rally breaks down, I believe this counter will continue to climb because:
1. The fair value is estimated around RM0.35 to RM0.55. The ESOS exercise price is RM0.41 2. This counter consistently gives out dividend. If follow FY18 (similar net profit), it's 1.1 sen per share, which at current price (RM0.31 right now) is still about 3% yield. If you bought in at RM0.20 last week, then it's 5%. Ever heard of a consistent 5% dividend yielding penny stock? 3. All-green quarters for FY2020, in a pandemic year, as a non-glove non-medical, small-cap counter. 4. Lower revenue but higher profit margin compared to previous year, meaning the management is skillful enough to navigate tough periods. 5. Gigantic RM1.2bil order book, they managed to replenish their orderbook (I believe it was just RM1.0bil but they managed to add two more projects in 2020). 6. Extremely stable revenue, counting on multi-year servicing projects and concessions. Investors unlikely to face any uncertainties when it comes to revenues. 7. This counter was supposed to profit from HSR and ECRL mega projects, unfortunately did not manage to materialise. However, if ECRL resume, then this counter is a beneficiary. 8. This company has been in expansion mode and is still expanding right now with new acquisition in progress so they can enter PLUS highway RnR concession. In last than a few years you will see explosion of revenue. 9. Not to mention other high-profile clients like handling Pengerang Integrated Complex facilities and EduCity
To me, this is really actually at least RM1 of a counter. Sell for quick profit, or hold for 1-2 years, there is only big money to be made from this hidden gem.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
powerup89
1,694 posts
Posted by powerup89 > 2021-03-01 12:42 | Report Abuse
50sen....best aahh..kasi pecah 30sen dulu petang