Trust me, next year when LTR3 revenue factor in, profit is going to be higher and share price should continue going up. So should buy now and hold until next year.
Maintain outperform with an unchanged target price (TP) of RM1.15: Recently, we came back from George Kent (Malaysia) Bhd’s briefing feeling reassured with our call and its prospects as management’s focus and outlook remain intact with no changes to financial year 2020 (FY20) to estimated FY21 (FY21E) earnings.
price movement could just remain around +/-10% from 1.10 unless there is some good news announcement. possibly need to wait patiently until June 2020 qtr announcement (1FY21) to see some significant revenue increase. meanwhile, just collect dividend.
The Group’s 50%-owned LRT 3 project joint venture company MRCB George Kent Sdn Bhd contributed lower profit after tax of RM1.24 million, compared with RM20.7 million in the corresponding period in 2018. This was considerably lower than previously budgeted due to the deferment of progress billings as a result of the re-modelling of the project from a PDP to a fixed price turnkey project by the Government.
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....
SHQuah
5,363 posts
Posted by SHQuah > 2019-10-18 09:31 | Report Abuse
Trust me, next year when LTR3 revenue factor in, profit is going to be higher and share price should continue going up. So should buy now and hold until next year.