indeed very disappointing incident. i was considering to take a huge position on this stock just before the incident. nevertheless, i still have faith in this company.
Not too worry about incidents, it bound to happen and they have risk mgmt how to handle them. Is it true that they are the only Semenanjung contract with license to participate in goverment tenders in Sabah & Sarawak? Need some experts to verify this. Almost all broking houses latest are calling for BUY for TRC with TP > 0.63 the highest being 0.75. If construction works for water, MRT are coming, surely they are in good position. At the current price of 0.535, it is just juicy to jump in regardless.
Dividend paid for FY 2012 The Company paid a first and final dividend of 0.48 sen per share less 25% taxation amounting to RM1,716,994 in respect of the financial year ended 31 December 2012 on 15 July 2013.
Can we expect higher dividend payout for FY 2013 based on TRC performance up to 3Q2013???
Its 4Q2013 financial result will be closing pretty soon.
We also like the advantages TRC enjoys as a Bumiputera/Sarawak-state-registered contractor and its highly promising property project in Ara Damansara in Selangor.
So this should clear my query above. Their license laku in Semenanjung and Sarawak and not Sabah.
With such projects executed, their experience handling projects are there except recent spats of incidents but it is not significant. There could be delay in project delivery but sometimes it is the Principal that pushing them. But their potential next year would be in Sarawak!
Looking at all broking houses covering TRC, it is conviction that the company will shine again very very soon. Grab it when it is dirt cheap now at 0.54. Highest TP 0.75 ! Go TRC!
The earlier concerns on delays in the LRT extension job in 3Q may have been overdone. The issue has been fully resolved and works are on full swing again. No problem for TRC only winning 1 job worth RM170m in 2013 as todate it's order book is sizeable of RM1.5 billion and 2014 will be exciting time for construction business especially in Sarawak too.
So mahu tunggu atau mahu jump in now when the price still cheap at 0.54?
Before 2013, TRC had its earning in downward trending. This 2013 year is a different story. The trend reversed in 3 quarters so far and it is supported by a strong order book and will benefit from the LRT property development in Ara Damansara.
Other packages of the Samalaju Port project which are currently being carried out are the capital dredging and reclamation package (RM437mil) by Integrated Marine Works Sdn Bhd and interim port facility package (RM194mil) by Trans Resources Corp Sdn Bhd.
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....
positive99
31 posts
Posted by positive99 > 2013-07-30 09:14 | Report Abuse
HLG recommends BUY, target price 0.68