Did you realise that at this price AQRS is trading very close to its cash value per share, granted the cash are pledged for loans but it will all be released upon project completion.
It's more likely the other way round...EPF has been selling down and probably still selling if not done with their <5%. Above 30c however EPF could buy back on uptrend, especially if AQRS's fundamentals improve. This is what EPF does. U can laugh and say they buy high sell low, but most of the time they are right. They ride the uptrend and cut on the way down
Yeah, hard to tell it's real or fake block. It's not that much, could be retailers like us who got it at mid-20s cashing out. Beautiful volume beautiful breakout this one long time in the making
GABUNGAN AQRS: (AQRS MK, CP: MYR0.32, Not Rated) Ended the year with a bang Maybank IBG Retail Research
Gabungan AQRS’ 4Q22 PATMI grew 6% YoY to MYR5.6m, which brought FY22 PATMI to MYR20.8m (+26% YoY). Excluding net exceptional losses, its FY22 core PATMI amounted to MYR25.4m (+31% YoY). The group recorded net exceptional loss of MYR2.9m a year ago. No dividend was declared for the quarter.
The stronger FY22 results were mainly driven by its property development segment, of which segmental revenue and PBT grew 127% and 250% YoY respectively thanks to contribution from its E’Island Lake Haven development. This more than offset the weaker contribution from its construction segment which was impacted by higher operating costs.
Moving forward, earnings would be supported by its strong pipeline. Note that its construction segment has an outstanding order book of MYR1b, while its property development segment has an unbilled order book of MYR353.9m. Backed by this, the street is forecasting a robust 65% 3-year EPS CAGR for FY22-25.
Brokers are Positive on the stock with four Buy calls. The mean target price is MYR0.43. At current price, the stock is trading at 4.3x FY23E consensus EPS. In comparison, the Bursa Malaysia Construction Index trades at a prospective FY23E PER of 13x. Balance sheet wise, its net gearing ratio stood at 0.2x as at end-Dec 2022.
Still cheap, doesn’t need much news. Earnings set to rise as the 1B outstanding job in hand has less than 2 years to be completed and recognised. It’s gonna be dull for as long as it fails to secure any exciting jobs…Pan Borneo…MRT3…even the retendered flood works…
Tbh i jot down the price target from i3 for some stock including gbgars.. On the day itself many are started buy this stock and here we go.. Digging deep down
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ahyen10
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Posted by ahyen10 > 2022-06-03 16:45 | Report Abuse
TQ GBGAQRS!