Calvin, after this round.. any other counter to look? You have a lot of follower liao...haha Respect your analysis, its better than Mr. Koon (both of you recommended oil and gas counter)
Although Mr Koon's counter fly more than hundred %, but you don't feel comfortable when holding. But Mr Calvin's counter is slowly up, more "healthy". The final result is Dayang win.
For the year-to-date, the Engineering & Construction Division has secured a contract from PNB Merdeka Ventures for infrastructure works amounting to RM197.9 million for a period of two and a half years. Currently, the Group has RM3.2 billion of outstanding order book as at 30 September 2018. These on-going projects are expected to be completed within the next three to four years. The Government is currently reviewing all major projects within the country. Nevertheless, the Group believes that the industry will re-gain its momentum as the Government is currently prioritising on small-scale and value-for-money projects. In addition, the exemption of Sales and Service Tax (“SST”) for construction services and building materials are expected to provide some cushion on depressing profit margins.
Moving forward, the Group intends to leverage on its position as a reputable builder of distinction to tap into any suitable opportunities on offer in the sector.
This Division currently consists of a concession for the maintenance and facilities management of IIUM Medical Centre in Pahang, which is expected to provide the Group a stable recurring income over the years ahead. With the concession lasting until 2038, the Division is expected to continue its positive contribution to the Group for the foreseeable future, coupled with improving ancillary revenue from a growth in the hospital’s utilisation.
The Oil & Gas sector while still challenging, has shown improvement as the price of crude oil has seen a steady increase during the recent months, currently maintaining around USD60 per barrel. From a pure bunkering operator out of Kemaman Supply Base, the Division’s prospects are positive with the inclusion of TBSB as a full-fledged supply base in East Coast of Peninsular Malaysia.
Currently, TBSB is gearing itself to welcome the next major oil & gas operator to the base. Going forward, the Group intends to continue to invest and install more facilities to better accommodate current customers as well as to attract more customers to set up their base of operations at TBSB.
With the palm oil mill being commissioned in February 2017, the Division is able to process its own fresh fruit bunches (“FFB”), as well as third-party FFB from neighbouring plantations. The 60 metric tonne (“MT”) per hour mill is capable of producing 79,200 MT of CPO per year when operating at its optimum capacity. The Division is also committed to plant an additional 386 hectares of palms, bringing the total planted area to 10,000 hectares. From the planted palms of 9,614 hectares, of which 56% are matured while the balance will be maturing in full over the next 3 years.
The Property Division will continue to focus on its on-going developments, namely Puncak Temala in Marang as well as industrial park and residential developments in Paka. The Division is expected to contribute positively to the Group in the future, mainly deriving from its unbilled sales from on-going developments amounting to RM15.7 million currently.
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....
loraedon
18 posts
Posted by loraedon > 2019-02-27 13:02 | Report Abuse
TODAY WILL CLOSE AT 50