Managed to accumulate @)0.695 during the last 10 minutes.Shouldn't hv any problem for long-term strategy, due to its strong fundamental & undervalue stock with NTA of 0.81.
Sound fundamental......should see price appreciation in the long term
Property development is expected to be a significant contribution to the group’s profit from next year onwards (2014 onwards).
However Salcon has not lost its water engineering business. It has submitted bids for rm1.8 billion worth of water based contracts till June 2013. It has tendered for the Langat 2 contract in Selangor is also eyeing water jobs in Sabah and Johor.
It has an outstanding order book of rm350 million.
On the Langat 2 water treatment plant (rm1.2 billion) in Selangor, PPAB has narrowed down the bidders to two finalists, Gamuda Bhd and a JV consisting of MMC Corp Bhd, Salcon Bhd and AZRB. Management has a 30% stake in the JV. This would bring its estimated portion in the job to rm360 million should the JV win the contract.
agree with messi, however, just to be coutious... the share price could be purposes popped up due to the private placement, if the private placement eventually proven to be the original shareholders themselves, the price could gradually slide down to 60+ level, and the original would have let go all their private placement share with a handsome profit of 25%,and at the same time have additional working capital
because the private placement was listed on Monday at 58 sen, it should be all taken up by now, and according to bursa malaysia's regulation, they need to announce within certain days of that transaction, but today is already friday and Salcon still hasn't make any annoucement
9696_88, yes, but the price was pushed before the annoucement of private placement from below 60 to 74, we don't know what is their target price, and also who is the taker, it maybe a new strategic investor or the same old shareholder, if there is an established new investor, the share price may move higher, we don't know. The whole purpose of private placement is to raise working capital for their new project in JB, so, it could also be taken up by the original share holder
tedbeh pls check whether the private placement strategic investor is Tan Sri Liew Kee Sin, his son or former SP Setia director who is now a director of SALCON. Pls share with us.TQ
tedbeh. V must explore n one step ahead before their official announcement. If wait for their announcement its already too late becos if it happened that either Tan Sri LKS, his son or ex SPSETIA director is confirmed to be the private placement strategic investor, the price of SALCON will escalate n v will missed the boat.
U must bear in mind that the global uncertainties if resulted in a crisis, any srong support or strong corporate earning will still b overshadow by the global economic downturn. Be prepared for the worst storm looming over the sky n be cautious. Thank you for sharing
The mkt is still bearish. Yesterday US DJIA dropped 170 points. Today another blood bath is expected in our KLCI. Always bear in mind that Cash Is King during uncertainties, n when the BEAR is slaughtered by the BULL, a lot of Mega Sales around for u to select at a steep discount.
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....
tedbeh
303 posts
Posted by tedbeh > 2013-08-20 09:26 | Report Abuse
No idea yet, but from the way the current shareholder and principle Officer selling their shares around 72 - 74 sen, I guess the push is over