their main project is property development (74% of revenue), not so reliant on infrastructure projects actually, i work there as contractor (piling machine driver actually)
We maintain our HOLD recommendation on Econpile, but with a lower target price of RM0.45 (from RM0.65) as we rolled over our valuation metrics to FY20 by ascribing a target PER of 13.0x to its revised FY20 EPS of 3.4 sen. We, however, continue to like Econpile as a niche construction company, specialising in piling and foundation works, backed by its solid unbilled orderbook of RM1.00 bln that will sustain its earnings over the next two years.
ECONBHD is now trading at 1.7x P/B which is much higher than peer PTARAS at 1.3x P/B. Both has a P/E of around 25x. But PTARAS has a very attractive DY of 6.5%. At current price of 0.45 ECONBHD is expensive compare to peer. Downgrade fair price to 0.30.
Aminvest have forgotten to mention the unbolted 1 bil which can keep the company going for 2 years. How bad the people sitting there doing the valuations?
RainT exactly, if Singapore govern Malaysia, can imagine our currency, I dare to say same par with USD if not also at least better than SGD. But look where we are now, with so much petroleum, oil palm, and so much land, dunno going where really
Those who think econbhd has no hope and debt high like James Ng just follow this so called sifu step sell out from here. Tired to see this guy promoting himself and spamming.
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....
Hotstuff
3,291 posts
Posted by Hotstuff > 2019-02-26 14:10 | Report Abuse
you are just like your name.