poor results as expected. old contracts running out and new contract haven't started. bad weather also affected their construction progress. next quarter should be much stronger with better progress and interest income (instead of interest cost)
By 26/6/2017 the deal will be come through, right? RM50,500,000......,This amount belongs to the company , right? Jay, the company will be very cash rich. Am I right? Can give special dividend, bonus and share split????
Current price:Rm1.33 In filings with Bursa Malaysia, the company said major shareholder DATO' TIONG KWING HEE had acquired of 2million shares, or a 4.977% stake on 4/7/17 at a price of Rm1.50 per share.
Good quarter even without the one off dispose gain. Still have over rm 300 million construction work. Next quarter hopefully will be better with interest saving and income. No doubt the contract is from related company, as long as it brings profit, why not? If it manage to carry out the construction works well even from related company, this will help the company to get projects from other companies. Hope for dividend later on
currently top30 hold near 80% of shares, director plan to add more next yr, while planning corp action next yr. Either bonus issues or splits to make it more vibrant.
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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....
Diamond7
2,333 posts
Posted by Diamond7 > 2017-03-20 11:13 | Report Abuse
Trading volume increasing. Who is buying?