“We have got the full licence for pipe installation and can install from the smallest to the largest pipes. We can participate in government initiatives if we choose to,” managing director Datuk Richard Wong Swee Yee told The Edge Financial Daily in a recent interview.
The business they want is not only making PVC pipes, but also to be involve in installation work.
Trading at 1.17x NAV. 15% ROE. 8.3x PE. With sustainable income from properties for the next few years. State of the art PVC-O factory is ready to contribute earning in 2015, 3 pipeline will make RM 150mil. and 30pipeline is plan for the futures to tackle SEA market. Local general market demand for water pipes worth about RM1billion. Future local demand with Non-revenue water pipe replacement worth RM11billion. PVC-O is far superior than PVC-U and Abestos Cement in terms of durability, logistic, easy installation. Renewable energy business to be listed in singapore and will further unlock shareholder value. with all these potential, Fitters is only traded 17% above it is Net Asset Value?
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....
chshzhd
1,908 posts
Posted by chshzhd > 2014-10-31 21:42 | Report Abuse
:-)keep + accumulate