Fundamentally it has improved. The order book today RM1.98b, is same as the aggregate of the revenue for construction of the last 5 years. With growth in contribution from property, it has added an additional complementary segment. Concession assets also increased 5 fold since 2013. When it's raining gold, reach for a bucket, not a thimble (WB).
HuatRex, why disappointed? the result still good ma... if can maintain EPS for the following quarter mean this year EPS will be at 16cents. With PE 8, and share price will be at 1.28. ... if this year getting new project ... then if is easily above 1.30.
The PBT for 1H, construction:property ratio is 70:30 vs 40:60 (last year), it is good (Construction enjoy higher PE). Looks like Capital City's recognition will only be in over the 2nd Half, likely will be a bulky one. With construction improving + exceptional gain from Capital City = good prospect.
Valuation does not determine the timing of share price movements. Price are also effected by elements not easily measurable like liquidity, popularity, volatility and sentimentality. However, in the long run, the price will catch up with the intrinsic value of the company as its fundamental keep improving.
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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....
Larrytrader
1,453 posts
Posted by Larrytrader > 2018-01-14 20:39 | Report Abuse
Congrats bro Kyou a