KUALA LUMPUR (Dec 13): Hong Leong Investment Bhd (HLIB) Retail Research said it is sanguine on Rohas Tecnic Bhd’s mid- to long-term outlook, underpinned by completion of its loss-making HG Power Transmission Sdn Bhd (HGPT) legacy contracts as well as tower fabrication orderbook at RM200 million (1.1x cover of FY18 revenue) and EPCC projects at RM340 million (1.5x cover of FY18 revenue).
In a technical tracker today, the research house said in addition, potential fabrication and EPCC orderbook replenishments would be buoyed by Sarawak state’s initiative to rollout 5,000 towers and the transmission line (JV with Muhibbah) from Butterworth to Penang Island which will run parallel to the Penang Bridge (estimated project value: RM1 billion).
“Technically, after building a base above 50D SMA, Rohas is poised for an oversold rebound towards RM0.695-0.83 levels, in anticipation of a better 4Q results and a strong FY19-21 EPS CAGR of 22% coupled with undemanding valuations at 10.2x FY20E P/E and 0.96x P/B (4% and 40% below PESTECH’s P/E and P/B),” it said.
kaunter ini kelakar sebab ada IB buy call orang tak mau beli, ada dividend company kasi orang tak mau beli, orang masih sedih mau Wan Azmi balik jadi chairman tapi kan ke Wan Azmi masih majority shareholder, no hal ler kikiki
tau dapat projek air tapi kot pasal abe azmi saman scomi, investors confuse kot, abe azmi ini pon satu, kalau dah banyak duit tu baik donate kat ku kikiki
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....
Miz Raya Bloom
6,888 posts
Posted by Miz Raya Bloom > 2019-12-18 16:01 | Report Abuse
ku pun monitor, dok perhati movement