My apologize Nigel Low....anyhow both counter econpile and pestech good for investment. Have order book till 2018 and profitable last three years. With upcoming infrastructure builders and contractors need piling and our power increase approx 5-8% every year. God Willing you may get at least 50-60 % returned within 1 year depend on market condition. Lucky got bonus lagi song.
Today happened to buy in MAA before closing. Saw Q2 result out earlier, more than 281 million profit, broke history. Econbhd Q2 result is better than my expectation, increased in revenue and profit, they have proven their worthiness again. A good company with fundamental, congrats!
Nigel Low, not to spoil your mood but that is disposing of asset and return 35 cent to share holder. nothing to shout. next time see properly as profit cannot more then revenue hahaha
"In 4QFY16 alone, Econpile secured two new contracts for piling and substructure works, namely a RM208 million contract from Oxley Rising Sdn Bhd for Oxley Tower KLCC development, and another RM54.5 million contract from Prestij Permai Sdn Bhd for SqWhere development in Sungai Buloh"( TheEdge )
" Similarly, we expect investor interest to reignite on the LRT 3 project once the project delivery partner agreement is firmed up. Contracts are tipped to roll out towards the latter part of the second half of 2016. For construction or construction-related stocks within our universe, we remain “buy” on Gamuda Bhd, IJM Corp Bhd, Hock Seng Lee Bhd, KKB Engineering Bhd, Sarawak Cable Bhd, Kimlun Corp Bhd, Ikhmas Jaya Group Bhd, Econpile Holdings Bhd, Sunway Bhd and Malaysian Resources Corp Bhd. We also envisage multi-year benefits for the building materials sub-segment (Lafarge Malaysia Bhd, Ann Joo Resources Bhd) once these projects take off the ground. — AmInvestment Bank Bhd, April 25 "
With so many infra and development along the way, I'm sure econpile will go on to bag contracts. HCK capital just announced launching 9 projects worth 8 billion GDV.
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....
grace123
677 posts
Posted by grace123 > 2016-08-24 09:55 | Report Abuse
Leonfb good making profit cos business model difference on down stream unlike ann joo or masteel.