waiting for dividend announcement 2 sen. dividend yield at 5.5% , quite attractive with new projects in the horizon . with EPS of 6 sen, fair value 72 sen .
IF look at results dividend TRC is very good I personally give TP 60sen TRC now 34sen is cheap nta high profit high dicidednd high can try see see if you like good comapny
Sejak 2013 revenue setiap tahun atas rm720 mill . Ada cash Rm292mill
EPS (cent): 6.86 * P/E Ratio: 5.25 ROE (%): 7.22 Net asset Rm0.95 Dividend yield 2.78% Retained Earnings: Rm191 mill Number of Share: 480.50m Top 25 shareholders own 78.11% of the company. Proposed renewal of authority for the company to purchase its own shares: Approved
The ongoing major projects that TRC is currently undertaking include: • The construction of Guideway and Serdang Maintenance Depot for MRT Line 2, Johan Setia Depot for LRT line 3, • Road works package for Pan Borneo Highway Sarawak from Batang Skrang to Sg. Awik Bridge, and • Construction contract for an integrated property development project in Putrajaya.
The latest projects being awarded to TRC are Mixed Development in Precinct 8 Putrajaya; Mint Modernisation Project for Bank Negara Malaysia and Elevated Stations at Equine Park and Taman Putra Permai for MRT Line 2.
Based on its share price chart, it is well supported at present 30.5 sen and the next breakthrough will see some resistance at 45 sen before continue to march to break the strong resistance at 60 sen.
If this 60 sen resistance is successfully broken, obviously it will try the historic RM1....which is just 3 sen above NTA of 97 sen.
If we are already planning to go to Mars in near future, really....nothing is impossible in this mother earth!
It is a matter of time only as this counter financial performance has so far run ahead of its current share price.
Government to fund MRT3, hybrid financing model scrapped.... They add that Malaysian Resources Corp Bhd (MRCB) has put in the lowest bid for CMC301 — the depot segment as well as a 6km track linking Pandan to Jalan Cheras with some elevated portions — at RM2.9 billion.
However, TRC Synergy Bhd’s bid at RM3.1 billion is favoured to win, considering its track record in constructing depots and associated works for the MRT Kajang and Putrajaya Lines, say the sources. Nevertheless, MRCB’s track record in the construction of the LRT3 as the turnkey contractor is still being considered by MRT Corp.
In the latest Q results, TRC reported an EPS of 2.01 sen and if we extrapolate this to the next 3 Q....looks like the PE ratio would improved further. Current PE ratio is at about 7X only....a real steal for such a fundamentally strong and well manage company.
With an NTA of 99 sen and base on current market price....I certainly will increase my stake!
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Posted by jcn7030 > 2021-04-20 14:48 | Report Abuse
Tired of waiting ... when to go up