Softening! How to push up. Once cross over 0.80 LTH waiting to throw down. LTH still got 35.04million units = RM28mill how to swallow. Wait for LTH finished selling or get out now is a better strategy.
Hi lordng94 n d rest, more than 9b if TRC get another may has some meat. I checked Gabungan movement quite only but Sun Con immediately after lunch shoot up n come down. Maybe tomorrow Sun Con n Gabungan will surge then pull up TRC a bit.
TRC counter before mkt recover at 0.78 to 0.79 I wittness small player flushing out their position. After 2 days TRC went down as low as 0.76 then slowly make a u turn and on 3rd no activity then thereafter this 2 days closing higher steadily. Tomorrow or Monday may surge as today candle body cross over SMA 50. If tomorrow cthe candle body stay above SMA 50 then will be more promising.
Any good news announce within nx 2 days will provide some uptrend catalyst.
With significant increase in infrastructure spending from around rm90b last budget vs rm210b in the latest budget, I think construction stocks would be prime beneficiary hence we can expect more order book , better top n bottom line growth for those with expertise in rail, lrt,mrt , airport and highway works. Mid/ Small cap stocks within that category with relatively cheap valuation may be worth considering.
Revenue drop quite a lot (execution quite slow), bottom line is supported by gain on land disposal of rm3 mil. That’s mean core margin still lower around 4%. Still concern on new job replenishment.
Becky123, revenue lower because of transiston period from building and etc demolition works. MRT 2 already come to full force execution phase and LRT 3 yet to start. Do Remember that TRC billings are progressive payment and graph shape is S curve, next year will be extremely busy and fruitful for TRC as raw material price have been stabilised recently.
The worst is way behind, the only way is up. Up to you to believe, it will show upwards top and bottom line for next 2 to 3 years. Last chance to scoop the shares at this level :)
3 quarters eps 5.5 sen, annualize eps 7.3 sen, it is trading with single digits p/e for a co with rm3b outstanding order books, isn't this a good investment case?
The only issues like I mentioned before is low margin, long duration projects (pan Borneos) - see other companies involved also having problem of delay execution - these projects are just too slow - market priced in as well and execution risks. Better go for manufacturing companies instead.
Becky123, maybe you are not in construction industry, to kick start a huge projects like MRT and LRT3 need higher expenses at early stage. That's why I said the progressive payment pattern is S curve. Anyway, you may let go or buy in TRC anytime, this is free floating market.
I’ll see price to bottom at least 0.40 to 0.50 sen.. better go for credible one like sunway and aqrs (both of these companies have shorter duration projects and faster recognition of earnings)
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Posted by cpng > 2017-09-23 20:02 | Report Abuse
比较一年前的$0.40,Trc 现在都已经翻倍了,我们也不用大事宣扬,要加的话,自己安静加碼咯。
自己介绍的股翻倍了,也没有那样Hard sell,有必要提醒大家,现在有追高的风险。
而不是像市场那些PasarMalam Kakies,股价一路新高,反而追加更多吹箫看好文章。