ECONPILE HOLDINGS BHD

KLSE (MYR): ECONBHD (5253)

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Last Price

0.405

Today's Change

+0.005 (1.25%)

Day's Change

0.395 - 0.405

Trading Volume

1,877,700


14 people like this.

11,508 comment(s). Last comment by KWB5423 4 weeks ago

Posted by loveygramps > 2016-04-12 16:27 | Report Abuse

@Explorer2, good that you've done some homework. I am taking the lazy way out. Taking analysts earlier consensus of RM52m for FY16 (current consensus is much higher, but to be safe I am taking old projections so that it factors in surprises such as those you have highlighted). And give a PE (15x) that is slightly below Ikhmas (15.7x) and Pintaras (17x), due to the lower dividend yield. This gives me a TP of RM1.46, very near to your RM1.50.

Also, despite the reduction in directors holdings, I view it positively because it is a sale to institutional buyers, and not open market disposal. It gives me two levels of comfort, firstly, that the directors are knowledgeable in managing perception, are professional and not doing open market sell off, and secondly, my investment is liked by some of the best fund managers in town.

winPLUSwin

418 posts

Posted by winPLUSwin > 2016-04-12 16:30 | Report Abuse

very fierce... all the way.

J2911

67 posts

Posted by J2911 > 2016-04-12 16:36 | Report Abuse

time to buy or sell?

qsentral

25 posts

Posted by qsentral > 2016-04-12 17:12 | Report Abuse

@loveygramps, very well reasoned analysis quite unlike some of the other views here. You've just given us a reason to load up.

hotmama

36 posts

Posted by hotmama > 2016-04-12 17:16 | Report Abuse

I bought 1.32 yesterday was thinking to cut loss at 1.28 luckily didn't cut... Phew...

Posted by loveygramps > 2016-04-12 19:27 | Report Abuse

@qsentral @hotmama, I do not know your strategies but sounds like you might be short term traders. Our approach are very different. I cannot to vouch that my analysis works for your strategies, but wish you all the best.

hotmama

36 posts

Posted by hotmama > 2016-04-13 02:51 | Report Abuse

Ok thanks.

kelvin12

321 posts

Posted by kelvin12 > 2016-04-13 10:06 | Report Abuse

1.32 is not high if it break through 1.40. Think before you sell.

kelvin12

321 posts

Posted by kelvin12 > 2016-04-13 10:09 | Report Abuse

seems like 1.28 is a support

Posted by Mohd Fahmi Bin Jaes > 2016-04-13 10:09 | Report Abuse

already high. sell

kelvin12

321 posts

Posted by kelvin12 > 2016-04-13 10:13 | Report Abuse

please la. TP is 1.50. look at the fundamental. Last week rally around 1.20-1.30. This week will rally between 1.3-1.4. Look at this steady uptrend.

qsentral

25 posts

Posted by qsentral > 2016-04-13 11:31 | Report Abuse

@loveygramps, thanks for the concern but it has to be said, our strategies do not differ by much.

Posted by loveygramps > 2016-04-13 18:37 | Report Abuse

@qsentral, lovely, and all the best. I'll check back only end of the week and reply your comments then if any. Not my style to scrutinize daily fluctuations. Meanwhile, what are you looking at with much more upside to go?

qsentral

25 posts

Posted by qsentral > 2016-04-15 17:11 | Report Abuse

@loveygramps, Agreed on not obsessing with daily movements as it may impair judgment. I'm quite keen on Gadang given their numbers and growth but the current movement is curious. Private placement tactics maybe....

Posted by loveygramps > 2016-04-18 17:46 | Report Abuse

Anyone bought more today?

optimus9199

2,794 posts

Posted by optimus9199 > 2016-04-18 19:40 | Report Abuse

Luckily sold all 1.39......thanks Econpile.....waiting for u at 1.16 again

Posted by loveygramps > 2016-04-19 10:21 | Report Abuse

Bought more at RM1.26 yesterday due to the irrational correction, will sell off the same number of shares at RM1.32. Core holdings remain untouched until next TP of RM1.46.

kelvin12

321 posts

Posted by kelvin12 > 2016-04-19 11:13 | Report Abuse

few days ago many ppl want to buy 1.35/6, now many ppl want to sell 1.29/1.3. Mr market really play well in this counter

Posted by loveygramps > 2016-04-19 11:29 | Report Abuse

@kelvin12, I was referring to additional side trading to earn more only. My core holdings still remain untouched with RM1.46 TP. That is one strategy to beat the "Mr Market".

kelvin12

321 posts

Posted by kelvin12 > 2016-04-19 12:59 | Report Abuse

ya, most investors are getting irrational in buying and selling, is good to earn through both 'investment' and 'trading'.

optimus9199

2,794 posts

Posted by optimus9199 > 2016-04-19 15:06 | Report Abuse

Waiting to block at 1.35

Posted by loveygramps > 2016-04-20 09:35 | Report Abuse

Looks like some early buying interest today? For my trading portion, have revised selling TP upward from 1.32 to 1.35 instead to lock in 6% net gain (cost 1.26). Core holdings remain the same with longer term TP of RM1.46

hotdogge

1,294 posts

Posted by hotdogge > 2016-04-20 11:18 | Report Abuse

tp 1.38

kimhaolian

527 posts

Posted by kimhaolian > 2016-04-20 11:20 | Report Abuse

buy whenever below 1.30....

Posted by loveygramps > 2016-04-20 12:09 | Report Abuse

@muscle, link?

Posted by loveygramps > 2016-04-20 19:05 | Report Abuse

@muscle @winpluswin, no difference in PE or net profit. They just change the pegged year from 2016 to 2017. It may trick small investors, but funds will know there's no difference. But overall, still a positive development, good buying interest today too.

kimhaolian

527 posts

Posted by kimhaolian > 2016-04-21 10:24 | Report Abuse

touch all new high 1.41

Posted by loveygramps > 2016-04-21 11:43 | Report Abuse

Thumbs up. Congrats all. If it goes up further, decent raya money eh?

Posted by KGunasegran > 2016-04-21 11:51 | Report Abuse

what is the target price

grace123

677 posts

Posted by grace123 > 2016-04-21 12:13 | Report Abuse

5.00

waitahh

73 posts

Posted by waitahh > 2016-04-21 12:16 | Report Abuse

sure or not 5.00

Posted by loveygramps > 2016-04-21 13:21 | Report Abuse

@KGunasegran, last TP (not updated) is RM1.46. After that, will have to calculate again.

Abang Mad

1,499 posts

Posted by Abang Mad > 2016-04-21 14:19 | Report Abuse

Good counter to buy

wilxom

49 posts

Posted by wilxom > 2016-04-23 01:54 | Report Abuse

Refer to analysis made by Unta Investment, TP is 1.90.

Posted by olivesoh > 2016-04-24 14:10 | Report Abuse

TP 5.00 ???

winPLUSwin

418 posts

Posted by winPLUSwin > 2016-04-24 17:22 | Report Abuse

TP 5.00 after 5-10years? haha

kaliaoki

674 posts

Posted by kaliaoki > 2016-04-25 10:46 | Report Abuse

RM 2 this year anytime, MRT 2, LRT 3, Suke & DasH , WCH, Borneo hwy wah low ciak beh liao

Posted by loveygramps > 2016-04-26 15:43 | Report Abuse

Congratulations to traders who sold earlier. Those that are only on slight loss better pull out now also.

JN88

11,670 posts

Posted by JN88 > 2016-05-09 13:41 | Report Abuse

walao eh...studdenly gv TP oo scare scare.

grace123

677 posts

Posted by grace123 > 2016-05-10 22:03 | Report Abuse

Good quality management .

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2016-05-12 18:02 | Report Abuse

rising high

kaliaoki

674 posts

Posted by kaliaoki > 2016-05-13 09:11 | Report Abuse

yuo RM 2 in the making thks to kenanga 10 mil shares

RosmahMansur

2,870 posts

Posted by RosmahMansur > 2016-05-17 16:04 | Report Abuse

Magnificient 1.40

007

1,902 posts

Posted by 007 > 2016-05-22 21:40 | Report Abuse

q1 result ??? any nrews

Posted by projecti2016 > 2016-05-24 22:25 | Report Abuse

steady state

venicevc

28 posts

Posted by venicevc > 2016-05-24 23:16 | Report Abuse

got dividend?

azfar8

975 posts

Posted by azfar8 > 2016-05-25 11:51 | Report Abuse

I noted, sometimes econpile move after ikhmas moving up... let us see now... target price short term 1.40... within a week should be... just my little opinion

kelvin12

321 posts

Posted by kelvin12 > 2016-05-25 12:35 | Report Abuse

It will depend on quarter report now. If good possible, if no good very hard.

kimhaolian

527 posts

Posted by kimhaolian > 2016-05-25 18:30 | Report Abuse

yes, EPS continue climbing to 3.34, div 2.5c, time to hit 1.5, pls fly~~~~~

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