yes i think gov havent finish with all the termination of projects+ couple with tax holiday and no new fdi i think construction and related stock have a lot of undertainty..
ECRL wasn't even in Gbgaqrs's order book in the first place. They were just deemed the potential winner of the contract. Really don't understand Malaysian stock market, simply buy simply sell without doing proper homework :)))
do you guys realised more and more ppl have bad memory problems, do you know why? Is actually related to smartphones. I realised this problem few years ago and I raised this issue with those who I knew.
So now yeah, today I had a discussion again but i think i found out the reason why these memory problems are happening more and more frequently. Guess why???? yes, is related to the smartphone but i think i now know the reason
Amid investor fears on Gabungan AQRS’ (GABQRS) future prospects within the construction space following negative news flow of the ECRL cancellation, we reaffirm our BUY call recommendation, while maintaining our target price of RM1.86 and earnings forecasts as we had not factored in job wins from the ECRL project in our annual orderbook replenishment target for the company.
Our annual orderbook assumptions 2018-20 are RM500m, RM600m and RM700m respectively. • Our unchanged valuation for GAQRS is premised upon: a) strong outstanding orderbook of RM2.5b as of Jun 18 (2.3x 2018F revenue),and b) the five-year plan to resuscitate its property arm which is expected to contribute considerable earnings in the coming years. For its property arm, its affordable apartment project called E’Island has received encouraging response from buyers, with almost 500 buyers having registered their interest before its official launch in Dec 18. Also the property transformation plan is expected to reward shareholders with an alluring annual dividend of 10sen/share, with potential upside assuming the company decides to distribute profit from the construction arm to shareholders.
• On a separate note, GAQRS is confident of securing new job wins of RM1.5b in 2018, mainly from Pan Borneo Highway Sabah (>RM2b) and others civil contract works.
RECOMMENDATION • Maintain BUY with a target price of RM1.86, based on 10x 2019F fully-diluted EPS of 18.6 sen, as small-mid caps de-rate to reflect tighter market liquidity
guess not..more like rocket crashing again..once again ECRL nothing to do with gbg anymore but still sell down. not even warrants can save this counter.
Lont wolly too much about EPF one lor. EPF fund manager simply buy & sell evely day to get personal komishen from investment bank remisier or manager only lor. Lu lg bulum tau ini hat pinya gah.
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....
joeshare
538 posts
Posted by joeshare > 2018-08-21 17:58 | Report Abuse
wah bad signal over 8 percent down.. i think more projects will be cancelled by the gov