Piling and foundation specialist Econpile Holdings Bhd's net profit rose 13.5% to RM16.45 million or 3.07 sen a share in the first quarter ended Sept 30, 2016 (1QFY17) from RM14.5 million or 2.71 sen a share a year ago, mainly driven by contribution from piling and foundation works for property development projects.
The CEO already hinted today that the quarterly results will be almost at par as previous quarter. Their motive is to sustain revenue n profit and avoid bumper growths. It rather be consistent. The chairman and CEO wishes to focus more on infrastructure (3%)and developments (97%).
By end of November/ December will receive LOA for Pavillion damansara. While the BBCC by end of Feb 2017 will know the results of finalization with miisui group.
Posted by JN88 > Oct 12, 2015 04:09 PM | Report Abuse X
I buy this counter due to MRT and LRT, some more they able to secure job from some big big developer make me lagi fangggg xinggg haha ....unless the boss earn 31m and take off 15m as director fee....wakakakakkakakak
construction theme during election year of 2017/2018 thereafter opportunity will not be there. This is business, one has to be ever ready. if you want to hold and wait after 2 years. very good luck to you
Encouraging result with steady growth YOY. Price surge from 50+ to 1.86 in 3 years time. Be patient and wait LOA for big project before end 2016. 三强鼎立,你主王朝,自信与潛能股,別错失良机。
Econpile is an outstanding company, thriving even in a depressed property market. Econpile valuation is currently around 15x. It is much less attractive compared to when it was trading at 10x. Do look out for Econpile construction capacity. The last thing investors want to see is Econpile purchasing bunch of machineries which means lower profit in any slowdown when depreciation charges kick in.
annual CAPEX RM 20-30mil, it will not stray away from construction business. It will not repeat the mistakes made by Mancon and Pilecon, which brought to their collapse in 2000.
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....
husky88
698 posts
Posted by husky88 > 2016-11-17 21:02 | Report Abuse
Agreed, lai is 愚货。