The Board of Directors of Econpile Holdings Berhad ("Econpile") is pleased to announce that its wholly-owned subsidiary, Econpile (M) Sdn. Bhd. ("EMSB") has on 20 May 2015, received a Letter of Award dated 14 May 2015 from Vistayu Sdn Bhd to undertake piling and substructure works of a proposed commercial cum office development project on Lot 31 and Lot 32, Mukim Bandar Petaling Jaya, Daerah Petaling, Jalan Semangat, Seksyen 13, Petaling Jaya, Selangor Darul Ehsan (the "Contract").
Details of the full announcement is attached herewith.
- We expect margins to improve further as its KVMRT1 jobs (which yield lower margin) were completed in Feb. For the 9M period, the gross profit margin for propertyrelated jobs was 19% vs. 5% for infrastructure jobs.
- At its recent analyst briefing, management assured of prospects remaining bright with a tender book of ~RM1bil. It is also in good position to secure piling jobs for the upcoming KVMRT2 project.
- It has also invested RM28.9mil in capex for new machineries this year in anticipation of new job wins.
- We continue to like Econpile for its strong execution and good track record amid rising jobs flow. It is now trading at 12x FY15F PE. Maintain BUY.
scicom was 0.7 cents 2 years ago..now worth more than 2...so, I have a very strong feeling on Econpile...getting more project and increasing profit....good company to accumulate..when drop...best time to buy
directors sold via direct deal..not open market..so the willing buyer(s) is/are known to directors at 1.10 agreed price..this is fine..
the main problem is, it is so difficult to stay above 1.15 which is a key launching level to trade at its all time highs which will give a great comfort zone to long term holders..so it is dicey..sell or continue hold at current levels????
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....
Rav Cheema
845 posts
Posted by Rav Cheema > 2015-05-19 20:01 | Report Abuse
come on econ 1.30!