Haha, good one pidan, you sound like a frustrated investor just like me on this but nice if some good things are brewing which results in upward share movement. Hope for the best for all shareholders
@holefook67, especially, they are not giving out dividend lately. @UY, yes, by virtue that Leong Kok Wah@Salcon, Ecoworld being a substantial shareholders of Fitters.
Great start to the new month. Tatt Giap jumps 17% on a RM67m contract and this share, I assume the contract is bigger, goes up 1 sen! Lack of coverage, belief in management, I have no idea but times have changed I guess but positive thing is, their pipes should gain traction and they won in an open tender so hope some projects in East Malaysia and other states will consider them and management unlocks value for shareholders. All the best to holders
contract to supply pipes to PAAB signed and chopped. PAAB ( under MOF) is the owner of water asset in 7 states ,est pipes to use 45000km (150mm -500mm), Selangor est 20000km. using last felda job as guideline 58mil= 80km of 150mm pipes you do the math
Obviously, the maths do not add up to me because the share price is still languishing and their reply to Bursa query although accurate, does not impress the market. If what crash says is true, the value of the eventual contract not including Selangor would run into billions but its difficult to gauge as Fitters reply says that the quantity has not been finalised so again, its a guessing game. Anyway, thanks for sharing
paab is like the biggest chicken satay restaurant in Malaysia they are saying to fitters when my client order satay you will supply the chicken , fitters are replying to bursa saying we not only supply chicken but we also sell peanut sauce , skewer, charcoal , workers to bbq the satay etc so fitter cannot put a price on the contract.......I invest not hoping share price will go up next week or next month i am guessing satay will greatly impact the revenue and profit of fitters shares in 2 or 3 years times........just my opinion your profit is not my loss , your loss will not go in my pocket . there is only 1 kyy only 1 cold eye think like them you will be rewarded
Fundamental is important the local market has been slowly crash u dont view it compare the present prices u will know The market has been CRASH I .. . post is time to BUY BUY BUY
Min 50million in sales for 2019 with master stockist is a start I guess whilst we still await the major catalyst of confirmed orders on their successful tender win
Increase in water tariffs may be bad for consumers but good for Fitters as there must be money to pay them for execution of the laying out of pipes, I really hope this one catches a rocket! Water pipes and water infrastructure, with confirmed orders and bricks and mortar fire fighting equipment and also property project at Pekeliling, not sure what is happening there though
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....
BursaSnipers
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Posted by BursaSnipers > 2018-05-18 16:41 | Report Abuse
Breakout