Posted by zexon > 2017-02-21 15:32 | Report Abuse

Win_Win, mid to share to photos?? Hehe

Posted by win_win > 2017-02-21 15:40 | Report Abuse

Comment from
Explorer2 ..optimus:I think the job is already slightly behind time, and the parties concerned would have reached preliminary agreements before the site was handed over, and resources deployed to get things moving. It's such a massive job that probably takes about 1.5 to 2 years to do the piling and the sub-structures. They would have to tackle many legal and commercial challenges, and announcements would likely be made only when final agreements are signed. Same as big projects like Kwasaland and BBCC, they take a long time before anything happens. But I think it's a good sign for Econpile that some foreign funds like Norges Bank, Credit Suisse and EPF are buying in. Just my opinion.

Posted by mhchai > 2017-02-21 16:01 | Report Abuse

Reply from the management : We appreciate your understanding - the Damansara Town Centre substructure contract hasn't been awarded to any tenderer yet and we are not at liberty to divulge any more information

Posted by optimus9199 > 2017-02-21 19:44 | Report Abuse

Feb 22nd will release quarterly results. Lets see how it perform.

Posted by jenson68 > 2017-02-21 22:11 | Report Abuse

Strong buying momentum today...
Seem like good news will come very soon ? Hold tight and accumulate before price surge.
Good luck !

Posted by jenson68 > 2017-02-22 12:34 | Report Abuse

Will fly to the north once break 2.00 ....

Posted by jenson68 > 2017-02-22 15:27 | Report Abuse

something is brewing with high volume !

Posted by optimus9199 > 2017-02-22 15:35 | Report Abuse

Buy as much as possible by 445pm today

Posted by mhchai > 2017-02-22 15:56 | Report Abuse

... it could be a trap b4 release result.

Posted by jenson68 > 2017-02-22 16:27 | Report Abuse

Buy, keep and wait for massive projects announcement …

Posted by mhchai > 2017-02-22 16:29 | Report Abuse

buy after result safer

Posted by ibex2929 > 2017-02-22 18:07 | Report Abuse

Good profit +29% compare to last year & damansara project awarded

Posted by calvinteo > 2017-02-22 18:08 | Report Abuse

Rm 570m + substructure package awarded.

Posted by zexon > 2017-02-22 18:39 | Report Abuse

Remember the TP of 2.5, what a massive contract value and superb results! Make pintaras nowhere to hide!

Posted by jenson68 > 2017-02-22 19:23 | Report Abuse

KUALA LUMPUR: Econpile Holdings Bhd has clinched a RM570.4mil deal from Malton Bhd’s unit Domain Resources Sdn Bhd to carry out foundation and basement works for a mixed development project in Pusat Bandar Damansara, Kuala Lumpur. ( TheStar )

Posted by optimus9199 > 2017-02-22 23:58 | Report Abuse

Luckily I saw the project with my own eyes on Sunday and bought on Monday and Tuesday when it fellis to 1.95.

Total order book now stands RM 1.4billion which can last it for 2.5 years.

Posted by zexon > 2017-02-23 07:45 | Report Abuse

My previous estimation of the Damansara project was 455 to 560 mils, however it is more than my estimation.Lets do a simple revenue translate to EPS to estimate econpile's fair price. Total value of on hand projects is 1400 mils, to be completed in eight quarters time(Mr Pan Sar said to be completed in two years time)with the margin of 20 percent, profit is 35 mils per quarter results in EPS of 26cents. As such with the PE of 12 to 15, the price of econpile's hshould be stood at RM 3.1 to RM 3.9. I would not say econpile is another Pintaras, because with the blessing from EPF, I believe econpile will continue to shine and grow in piling industry.

Posted by zexon > 2017-02-23 07:47 | Report Abuse

Optimus 9199, Jenson 68 is Long winded but he told the truth. Haha, hold tight

Posted by jenson68 > 2017-02-23 09:08 | Report Abuse

zenon: l have full confidence with this counter on their steadily growth ( organic ) since IPO. Nobody can tell you the "truth" unless Econpile management ! Analysis and do home work
on the progress is the priority. Secured Damansara Pavillion gave us assurance investing in this counter. But don't falling in love in any share...sell & buy is a norm , buy back when low price. Congrats to all and Good Luck!

Posted by Makira79 > 2017-02-23 09:42 | Report Abuse

More project annoucement coming in.
Although it is not much as per pavilion damansara, yet it still contribute to order book.
Well..U may ignore this if u suspect it is a trap.

Posted by zexon > 2017-02-23 18:57 | Report Abuse

BBCC?

Posted by ImCK > 2017-02-23 20:12 | Report Abuse

epf already in position

Posted by optimus9199 > 2017-02-23 21:09 | Report Abuse

Up up up. I'm so happy with Econpile performance today. Luckily I managed to.see the Pav Damansara project myself and.topU up more early this week.

Posted by mhchai > 2017-02-23 22:09 | Report Abuse

go check if econbhd piling machine deployed at BBCC constuction site ?

Posted by optimus9199 > 2017-02-24 05:10 | Report Abuse

@mhchai BBCC is a big project, unsure which portion is Econpile allocated

Posted by lordng94 > 2017-02-24 10:59 | Report Abuse

going to lose BBCC project

Posted by essim > 2017-02-24 15:51 | Report Abuse

why dropping '@@

Posted by zexon > 2017-02-24 16:00 | Report Abuse

Why can not drop?

Posted by optimus9199 > 2017-02-24 21:54 | Report Abuse

It needs to cover the gap til RM 2.01 before starting next course of ascend. Why worry abt the price of Econpile when the stock can deliver you value guaranteed returns for the next 2.5 years

Posted by ibex2929 > 2017-02-24 23:10 | Report Abuse

What is BBCC?

Posted by optimus9199 > 2017-02-25 06:56 | Report Abuse

With RM 1.5 billion in hands, Econpile Bhd must be very busy handling them all.

Posted by Icon8888 > 2017-02-27 10:29 | Report Abuse

buy buy buy

Posted by ewawa > 2017-02-27 11:06 | Report Abuse

Icon sifu...Happy to see u here..

Posted by optimus9199 > 2017-02-27 17:57 | Report Abuse

ICON8888 also buy Econpile?

Posted by Icon8888 > 2017-02-27 17:58 | Report Abuse

Bought a bit play play. Follow you

Posted by optimus9199 > 2017-02-28 06:19 | Report Abuse

haha....why follow me?

Posted by optimus9199 > 2017-03-01 17:55 | Report Abuse

steady today

Posted by optimus9199 > 2017-03-02 11:42 | Report Abuse

Up up up

Posted by optimus9199 > 2017-03-03 21:23 | Report Abuse

up up up

Posted by heaven123 > 2017-03-04 08:04 | Report Abuse

Need bonus issue to push the price

Posted by calvinteo > 2017-03-04 10:59 | Report Abuse

Imo patience then likely can hit 2.50

Top 30 now all are the fund managers and including Epf.

Recent transaction of 2% to epf at 1.90.

Invest at yr own risk,

Posted by optimus9199 > 2017-03-05 18:25 | Report Abuse

This is a growth stock. will test RM 2.30 soon

Posted by heaven123 > 2017-03-05 20:21 | Report Abuse

Excellent.

Posted by optimus9199 > 2017-03-06 14:57 | Report Abuse

Econpile (M) S/B, a wholly-owned subsidiary of Econpile has disposed a parcel of freehold land to Tropical Broadway S/B, another wholly-owned subsidiary for MYR5m cash. The property is located in Klang, Selangor measuring approximately 130,680 sq ft.

 

The disposal is to streamline the principal activities and to unlock the value of the property through future development by Tropical Broadway S/B. Although Econpile does not have track record in property development, one cannot rule out the possibility of a JV with existing property developer.

 

For Econpile, piling remains its core activity. At present, it has 18 on-going projects, from infrastructure and property development sectors. The order book is MYR1.4b, comprising 1) MYR570.4m contract for Pavilion Damansara Heights; 2) MYR280m Maju Kuala Lumpur mixed development; and 3) MYR158m foundation and substructure works for package SUKE-CA3, just to name a few.

 

Going into 2HFY6/17, the group still has the capacity to undertake MYR100m-200m worth of jobs. Econpile will have to collaborate with other players for any project of bigger scale. The group is tendering for more than MYR1b worth of jobs, but is looking at an order book replenishment of MYR600m. By and large, there is concern that future earnings growth may slow down on higher base and capacity limitation.

 

The street is forecasting a 5% 2-year EPS CAGR for FY6/17-19. Brokers are positively-biased on the stock with two Buys and one Hold. The mean target price is MYR2.38.

 

Valuation wise, Econpile is trading at 14.5x consensus FY6/17 EPS of 14.5sen, which is higher than its 3-year historical average PER of 12.7x.

Posted by heaven123 > 2017-03-12 15:04 | Report Abuse

God Evening All

Posted by Makira79 > 2017-03-14 10:18 | Report Abuse

Mrt awarded job annoucement soon.

Posted by blueberg > 2017-03-14 13:13 | Report Abuse

Time to accumulate.

Posted by optimus9199 > 2017-03-14 15:31 | Report Abuse

2.19 now....very impressive

Posted by optimus9199 > 2017-03-15 21:39 | Report Abuse

Mr PAng Sar sold 16 mil shares to institutional investors at rm 2.05...i wonder who they are?

Posted by Makira79 > 2017-03-17 13:43 | Report Abuse

Stay tune...next week...