Posted by Nigel Low > 2016-09-29 12:13 | Report Abuse

It's funny why this year no news of dividend. Fundamental all intact.

Posted by Akuler > 2016-09-29 16:24 | Report Abuse

Higher earnings ahead for Econpile
By BIMB Securities Research / The Edge Financial Daily | September 29, 2016 : 10:05
This article first appeared in The Edge Financial Daily, on September 29, 2016.

Econpile Holdings Bhd
(Sept 28, RM1.72)
Maintain buy with target price (TP) of RM2.02: We revise our financial year 2017 (FY17) and FY18 earnings forecast higher by 16.3% to RM83.2 million, and by 26.2% to RM96.6 million respectively, following an upward revision in our job win assumption to RM800 million from RM400 million earlier.

While the number of ongoing property projects in the market is limited due to the gloomy property outlook, we believe the group will still be able to secure projects, given several of its advantages.

Among the property projects near finalisation are Pusat Bandar Damansara (Pavilion Damansara), and residential properties in Sungai Besi and Jalan Pudu. These projects are expected to be awarded within the next month.

Infrastructure projects, namely KVMRT Line II, LRT 3, Suke and DASH are still high in the group’s to-do list. The group is now finalising commercial terms with AZRB for the KVMRT Line II project under package V202. According to management, it would be awarded in a month’s time.

We reiterate our “buy” recommendation on Econpile with a new TP of RM2.02 based on industry average price-earnings ratio of 13 times over FY17 earnings per share. — BIMB Securities Research, Sept 28

Reference: http://www.theedgemarkets.com/my/article/higher-earnings-ahead-econpile

Posted by optimus9199 > 2016-09-29 17:13 | Report Abuse

I wonder when will they anounce the "contract"?

Posted by optimus9199 > 2016-09-29 17:18 | Report Abuse

Nigel Low It's funny why this year no news of dividend. Fundamental all intact.
29/09/2016 12:13

--> the next quarterly results be out end of Nov and together with the dividend

Posted by Nigel Low > 2016-09-29 18:34 | Report Abuse

optimus9199 - Noted with thanks. Will monitor this counter closely, move in after correction.

Posted by optimus9199 > 2016-10-01 15:38 | Report Abuse

The latest the edge weekly has a big article on econpile

Posted by ImCK > 2016-10-01 22:47 | Report Abuse

next month econpile going soar with malaysia budget !!!!

Posted by mamatede > 2016-10-04 10:20 | Report Abuse

Compare to recent IPO ikhmas.. Econbhd is more attractive tho.. in terms of earnings, yield and growth

Posted by VenFx > 2016-10-04 12:26 | Report Abuse

ECON Very Geng .

Posted by mhchai > 2016-10-04 17:51 | Report Abuse

Econbhd awarded RM280mil project today !

Posted by ImCK > 2016-10-04 17:54 | Report Abuse

tommorow fly high again target RM2.2

Posted by optimus9199 > 2016-10-04 18:09 | Report Abuse

huat ahhh! rm 280 mil project

Posted by nocindycat > 2016-10-04 18:23 | Report Abuse

walao RM280m so big for them

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

traderman, when econbhd going back to RM1.3 ?

Posted by mamatede > 2016-10-04 19:48 | Report Abuse

woah 280mil is huge..too sad today i que did not match

Posted by mhchai > 2016-10-04 20:17 | Report Abuse

280mil is the biggest single property related project for econbhd

Posted by Akuler > 2016-10-04 20:31 | Report Abuse

Econpile clinches RM280m piling contract for Sungai Besi project
By Gho Chee Yuan / theedgemarkets.com | October 4, 2016 : 6:35 PM MYT

KUALA LUMPUR (Oct 4): Econpile Holdings Bhd has clinched a RM280 million contract to undertake piling and basement works for Maju Kuala Lumpur, a mixed development project situated in Sungai Besi.

In a statement posted on Bursa Malaysia today, the piling and foundation specialist said it won the contract via its unit Econpile (M) Sdn Bhd from ASM Development (KL) Sdn Bhd, a subsidiary of Maju Holdings Sdn Bhd.

Under the contract, Econpile is tasked to undertake diaphragm wall, contiguous bored pile, earthworks, piling works and basement structure works of a mixed development comprising serviced apartments, retail units and car park, which is to be completed within 15 months.

According to Econpile, the mixed development project will comprise seven 58-storey towers consisting of loft apartments integrated with a host of retail and leisure amenities.

Shares in Econpile closed up seven sen or 4.14% at RM1.76, valuing the company at RM936.25 million.

Reference: http://www.theedgemarkets.com/my/article/econpile-clinches-rm280m-piling-contract-sungai-besi-project

Posted by jenson68 > 2016-10-04 20:42 | Report Abuse

Congrats , everyone !
Hold tide as more projects to come....

Posted by mhchai > 2016-10-04 21:47 | Report Abuse

Explorer2, is this project related to the Damansara Pavilion ?

Posted by mhchai > 2016-10-04 23:01 | Report Abuse

Thx Explorer2.

Posted by optimus9199 > 2016-10-05 00:07 | Report Abuse

The AZRB project, will it be materialized?

Posted by optimus9199 > 2016-10-05 00:32 | Report Abuse

I am keen to know the value of project given by AZRB. For the past 2 years, AZRB had been giving projects worth about RM 40- 50mil each time

Posted by calvinteo > 2016-10-05 01:19 | Report Abuse

More jobs and definitely need more staff...

Likely Azrb coming soon.....plus one sizeable job in the pipe line once materialize as per rumour despite more jobs are awaiting for their tender participation as econbhd is one of the pioneer in piling and foundation works.

Invest at yr own risks.

Posted by mamatede > 2016-10-05 07:23 | Report Abuse

Omg insider news as always... haiz not fair to us Ikan bilis lor... like few days before today econbhd already vroom vroom up...sure today when Ikan bilis start to buy those goodies already priced in and big shark might even take profit.. sad life

Posted by Nigel Low > 2016-10-05 08:42 | Report Abuse

Ya, price did went up last week with anticipation of contract award so expect volatility with profit taking.

Posted by Nigel Low > 2016-10-05 09:43 | Report Abuse

Will move up as always, continue of uptrend.

Posted by mamatede > 2016-10-05 11:19 | Report Abuse

I hope my uncle or aunty work inside and feed me information like some does... hahaha

Posted by optimus9199 > 2016-10-05 17:02 | Report Abuse

buy on weakness

Posted by mhchai > 2016-10-05 17:20 | Report Abuse

traderman will come out say "will drop back to 1.3"

Posted by jenson68 > 2016-10-05 20:18 | Report Abuse

南洋（敏源）亿钢控股上挑1.87

Posted by Akuler > 2016-10-06 09:08 | Report Abuse

Econpile still in an uptrend, says AllianceDSBS Research
By theedgemarkets.com / theedgemarkets.com | October 6, 2016 : 5:58 AM MYT

KUALA LUMPUR (Oct 6): AllianceDBS Research said Econpile Holdings Bhd (EconBhd) was still in an uptrend and that EconBhd had on Oct 5 traded higher to RM1.79 before closing at the day’s low of RM1.74 (down 2sen or 1.13%).

In its evening edition yesterday, the research house said EconBhd continued to trade above the 20-day and 50-day moving average lines.

“Given the recent share price movement, the stock is likely to move between RM1.67 and RM1.81 in the coming few days.

“A crossover of RM1.81 should see further price rise to the next overhead resistance zone, RM1.95 – RM2.00.

“However, a fall below RM1.67 would put pressure on the stock down to the subsequent support zone, RM1.55 – RM1.60,” it said.

AllianceDBS Research said stock volume traded on Oct 5 was 1.22 million shares compared to the 3-month average volume of 1.85 million shares.

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

It said the relative strength index indicated that the stock was currently in a neutral zone.

Reference: http://www.theedgemarkets.com/my/article/econpile-still-uptrend-says-alliancedsbs-research

Posted by mamatede > 2016-10-06 09:53 | Report Abuse

nicely done ! clap2

Posted by mhchai > 2016-10-06 10:00 | Report Abuse

Where is traderman ?

Posted by Contender > 2016-10-06 10:02 | Report Abuse

Econpile - Piling the foundation for growth !

1.80 only ? should be trading at 2.50

Posted by optimus9199 > 2016-10-06 10:33 | Report Abuse

Apparently the Damansara Pavillion and Jln Pudu project had not confirmed to be awarded to Econpile yet. Thats what in the news from Aminvest

Posted by Contender > 2016-10-06 10:39 | Report Abuse

Simple just look at all the high rise condo projects all over Klang Valley and beyond, all needs piling work. Not to mention the Infrastructure projects. At least the next 3 years their plate will be full

Posted by mamatede > 2016-10-06 10:41 | Report Abuse

how many competitor btw for this pilling niche market?.. I know we have ikhmas, econbhd.. others?...

Posted by optimus9199 > 2016-10-06 10:42 | Report Abuse

There are 3 big pilling companies but Econpile is biggest. Bear in mind, other big players in constructions eg Gamuda, IJM also have their own pilling arms. So not neccesarily the pilling companies will get their awards.

Posted by nocindycat > 2016-10-06 17:20 | Report Abuse

WHAT WILL happen when they win damansara project? how big? am said RM100m but other house says RM500m

lets see

Posted by Nigel Low > 2016-10-06 17:34 | Report Abuse

Lets see, Econbhd, Ikhmas & Pintaras. If we look at both Econpile's QoQ, YoY & P/E, it's obvious who is the clear winner.

Posted by optimus9199 > 2016-10-08 09:56 | Report Abuse

I wonder when will the Pavillion and contracts by AZRB be awarded?

Posted by heaven123 > 2016-10-09 21:04 | Report Abuse

Where is our bad friend traderman want to buy @ 1.30. Nanti kyy sell you 4.30 very song.

Posted by Nigel Low > 2016-10-10 10:22 | Report Abuse

About time to retest 1.81 resistance.

Posted by heaven123 > 2016-10-10 10:53 | Report Abuse

Nornally push up b4 good news.

Posted by jenson68 > 2016-10-10 12:11 | Report Abuse

More project is on the way ... gogogo

Posted by optimus9199 > 2016-10-10 16:41 | Report Abuse

No energy to move....

Posted by Nigel Low > 2016-10-10 17:02 | Report Abuse

Very unusual today as I've been watching the price movement for several hours. Operator kept pushing the price down to 1.75.

Posted by mhchai > 2016-10-10 17:05 | Report Abuse

Traderman coming to push it down to RM1.30 :D

Posted by Nigel Low > 2016-10-10 17:10 | Report Abuse

Traderman already missed the boat way back, he use what to push? toilet pumper? lol

Posted by optimus9199 > 2016-10-10 17:14 | Report Abuse

Someone is collecting the shares at 1.75, and someone purposely block at 1.79 with big sellers. I think, as long as the price can stay above 1.70 in immediate term, is considered good. And I belief this is in tandem with several projected announcements of contracts award scheduled by end of October as what being mentioned in previous articles.