Flight training operator APFT Bhd will offer charter flights, potentially out of Sultan Abdul Aziz Shah Airport in Subang, by year-end. This is part of its plan to monetise its assets, said executive chairman Datuk Faruk Othman. “We have secured the necessary approval from the DCA [Department of Civil Aviation] to operate [commercial] air charter services as early as this year. This is expected to contribute positively to our earnings, though at initial the stage the contribution will not be significant,” he told reporters after signing a five-year contract with Germany-based Lufthansa Technical Training GmbH for the training of 400 aviation technicians from APFT, starting in January. “The routes are currently being finalised, but we are targeting to provide flight connectivity to the East Coast [of Peninsular Malaysia], particularly Kelantan and Terengganu,” he said. googletag.cmd.push(function() {googletag.display('div-gpt-ad-1400601790726-3');}); APFT operates a fleet of three helicopters and 39 aircraft used for flight training purposes, with an average age of between five and 10 years. Meanwhile, Faruk expects its oil and gas (O&G) division to be the main contributor to the group’s revenue and earnings following the completion of its acquisition of a 51% stake in O&G firm PT Technic (M) Sdn Bhd. “The main catalyst for our profitability will be the O&G business, which should provide some 70% to our top line. Our order book currently stands at RM75 million and we expect this to be recognised in our accounts this year,” he said. APFT may consider rewarding its shareholders with dividends in the next financial year ending March 31, 2016 (FY16), Faruk said, should it manage to book sustainable results this year. APFT returned to the black in the first quarter ended June 30, 2014 of financial year 2015, with a net profit of RM3,000, compared to a net loss of RM4.22 million a year earlier, on contribution from its O&G and aviation training divisions. – The Edge Financial Daily, September 24, 2014. - See more at: http://www.themalaysianinsider.com/business/article/apft-to-begin-charter-flights-by-year-end#sthash.3UY1JRWY.dpuf
This counter not yet to be interested by institutional or retail.. if it will show in a few day it should be something that can attract other buyers to invest.. so i suggest better u keep waiting or dump this counter and make profit in others...
it does need more force to go higher. for this time being.. people need to be convinced that this counter has the potential to reach 20 sen.. someone is collecting...
I heard barakah slresdy got 90mil contract award.. soon maybe pt technic will also got it.. this will leverage apft to something new.. crude oil price also seem steady..
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....
YangBerhormat
171 posts
Posted by YangBerhormat > 2014-10-27 11:13 | Report Abuse
吃sai, LOL