Hehe. After buying new companies opus, propel, price not move much lor. Eps sure increase a lot mah next quarters to come, sure mkt price will move up also.now mkt price not moving yet surprisingly. So when more ppl discovered, it will fly up high.
KUALA LUMPUR: The hospital support services (HSS) contract recently clinched by Faber Group Bhd's unit, Faber Medi-Serve Sdn Bhd (FMS), is worth more than RM3bil. Faber announced to Bursa Malaysia on Thursday that the value of the 10-year HSS agreement was RM307.32mil per annum.
FMS sealed this new concession for the provision of support services to government hospitals in Perak, Penang, Kedah and Perlis on March 11. On the same date, Faber's 40%-owned associate companies, Sedafiat and One Medicare, also signed concession agreements with the Government to provide HSS in Sabah and Sarawak. The value of these contracts was not disclosed in Thursday’s announcement.
On April 1, FMS was appointed a contractor to provide the services for facilitating, during the early period of the East Malaysian concessions, the transition of the services provision from FMS to the associates. Faber revealed on Thursday that the six-month services contracts with Sedafiat and One Medicare were worth RM77.68mil and RM68mil, respectively.
In 1996 FMS, Radicare and Pantai Medivest netted a 15-year HSS contract from the Government. That concession, which expired in October 2011, was reported to be worth RM7.5bil. Faber Group, which is 70.7% owned by UEM Group Bhd, saw its shares rise 5 sen to RM3.35 at Thursday’s close.
If market condition is favourable, I believe it based on the new project clinched it can move further upwards. Good thing about the company is it is inelastic to cycles being in healthcare line. A good defensive counter with long term concessionaire. Mid term TP RM3.80.
Good that you all have your TP in mind. Take profit or hold, most importantly you are happy with the return. Just to clarify, mid term TP of RM3.80 is not my absolute TP. Absolute TP is beyond RM4 but as I am conservative, hence taking each resistance at a time.Thanks!
Closing today at RM3.58 is encouraging. Based on the last minute buy volume, there seems to be an upward bias. Barring any unforeseen circumstances of market condition overseas tonight, it will likely breach RM3.60 tomorrow making way to immedaite TP of RM 3.70. Thanks.
Disappointing movement. Instead of taking a push and challenging RM3.60, it reversed and close below support. This is a concern for short term trend. Fundamentally still sound. Please take note. Will continue to provide update in new blog posting moving forward. Good luck! http://klse.i3investor.com/blogs/tradeview/74531.jsp
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....
RosmahMansur
2,870 posts
Posted by RosmahMansur > 2015-03-20 22:33 | Report Abuse
start to huat again