Looking at Econpile’s financials, the firm has exhibited consistent growth in both its turnover and net profit in the past five financial years. Between FY11 and FY15, revenue registered a compounded annual growth rate (CAGR) of 19.9 percent to reach RM429 million while earnings grew at an impressive 42.5 percent CAGR from RM11.3 million to RM46.6 million. Notably, net profit margin has also been improving over the years on improved efficiencies and the firm’s management is committed to improving and/or sustaining the double-digit net margin.
If secure pavilion Damansara piling project, the contract value could be worth as much as 455 mils to 560mils based on estimation 6.5 to 8 percent of total 7bils GDV (http://www.theedgeproperty.com.my/content/rm7b-pavilion-damansara-project-start-2q2016). Lets estimate 500 mils revenue and split it over 6 quarters, profit margin after tax of 19.5%, this projects itself will contribute 16.25 mils or EPS of 3 cents for each quarter, excluding other on hand projects.
" BUDGET 2017 has brought about some excitement for small to mid-cap stocks.
The announcement of a RM3bil special fund to be set up by government-linked investment companies to invest in potential companies is positive news for these counters as this could increase liquidity and institutional presence for smaller companies.
...Econpile Holdings Bhd with a market cap of RM1bil, was up by 72%. Its forward P/E is 14 times and expected ROE is 27%. ( TheStar 26 Nov : The potential in small, mid-cap stocks )
As cited by Jenson68. In my opinion that for a sizable project, it really need more time to seek approval by all relevant parties prior to award consideration, in particular, a project involve jv development.
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heaven123
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Posted by heaven123 > 2016-11-24 15:46 | Report Abuse
Pilecon invested in johor to build sea front hotels that put the company in big shit.