Construction to Fire on All Cylinders in FY24; BUY!!
Under Budget 2024, MYR1.1bn was allocated for supply issues, especially in Kelantan, Sabah, and Labuan. This may include infrastructure like water treatment plants which Taliworks is currently constructing. Another rerating catalyst would be quicker-than-expected approvals for the tariff hike for its waste management associate.
TALIWRK back above 80sen, closing at 0.815. Strong +3.16% gain. Thanks to TALIWRK recovery and 20 other green stocks to offset 12 red stocks, my portfolio made new all-time high again today.
DividendGuy67 TALIWRK back above 80sen, closing at 0.815
Does anyone know why? The share price was punished because the dividend was reduced by about 39%. Something should be emerging for the share price to suddenly jump 2.5 sen with 6+ weeks to go to the next Quarterly Report.
There will be real positive impact on this stock due to the cooling system requirement by data centre. Just need to buy and hold… the profit will be realised
Taliworks Corp Bhd said its second quarter net profit climbed 43.92% to RM16.99 million from RM11.8 million a year earlier, amid improved performance from the water treatment and supply segment as well as lower provision for heavy repairs in the toll highway segment. Revenue for the quarter ended June 30, 2024 (2QFY2024) rose 11.17% to RM98.97 million from RM89.03 million previously, contributed by all operating subsidiaries except the water treatment and supply segment, the group said in a filing on Monday.
Taliworks is involved in water treatment and supply, highway toll operations, engineering and construction, waste management and renewable energy.
The group declared a second interim dividend of one sen per share amounting to RM20.2 million, to be paid on Sept 27. Based on its closing price of 78.5 sen on Monday, the trailing 12 months’ dividend payout gives a yield of about 5.92%.
In the toll highway business, the Grand Saga Highway registered tremendous growth in traffic volume following the opening of the SUKE Expressway as well as from greater economic activities, said the group. Taliworks said it is also expecting the receipt of government compensation on deferred increase of toll rate in the current financial year of FY2024.
26 Nov 2024 For the third quarter ended Sept 30, 2024, Taliworks’ profit was higher at RM24.25mil compared to RM13.54mil a year earlier. Meanwhile, revenue rose to RM158mil compared to RM90.7mil for the same quarter a year ago, due to higher contribution from all operating subsidiaries except for the water treatment and supply segment that saw a marginal decrease. Taliworks Corp Bhd will continue focusing on its growth strategies, prioritising investing and growing its infrastructure and utility businesses and intends to prioritise its resources for these purposes.
1. Diversified Business Operations: Taliworks operates in multiple segments, including water treatment, construction, toll highways, waste management, and renewable energy. This diversification helps mitigate risks associated with dependence on a single industry.
2. Strong Market Position: The company is a major player in the water treatment sector, supplying potable water to large parts of Selangor and Kuala Lumpur. They also own and operate toll highways and provide waste management services.
3. Growth Potential: Taliworks has been expanding its renewable energy projects, which aligns with the global shift towards sustainable energy sources. This growth area could drive future revenue and profitability.
4. Stable Dividend: The company offers a dividend yield of around 5.16%, providing a steady income stream for investors
5. Financial Health: Taliworks has a solid financial position. It has shown strong financial performance in the third quarter, with significant revenue and net income growth compared to the previous year. The company's diversified business operations and strategic focus on infrastructure and utility businesses have contributed to this positive outcome.
For 2025, Taliworks Corporation Berhad is forecasted to experience earnings growth of 19.3% and revenue growth of 22.3% per annum. These projections reflect a positive outlook for the company, driven by their diversified business operations and strategic investments in infrastructure and utility projects
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....
Markv572421
3,403 posts
Posted by Markv572421 > 2024-02-29 09:38 | Report Abuse
time to buy