ECONPILE HOLDINGS BHD

KLSE (MYR): ECONBHD (5253)

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Last Price

0.405

Today's Change

+0.005 (1.25%)

Day's Change

0.395 - 0.405

Trading Volume

1,481,900


14 people like this.

11,508 comment(s). Last comment by KWB5423 4 weeks ago

1n1792

428 posts

Posted by 1n1792 > 2017-04-15 18:00 | Report Abuse

Optimus
What stocks are you currently holding. In view of recent market sentiment, aren't you selling down some stocks to take profit?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-15 21:41 | Report Abuse

I am holding on to Econpile, Kerjaya, Gkent and Magni. For now, my largest share holdings are in Kerjaya and Econpile. I am very confident of the management for both companies.

Caitlyn

50 posts

Posted by Caitlyn > 2017-04-15 22:30 | Report Abuse

Optimus
But I thought you already sold Gkent
....Apr 12, 2017 12:04 PM | Report Abuse
continue to sell GKENT shares to take profit.

heaven123

1,900 posts

Posted by heaven123 > 2017-04-16 01:24 | Report Abuse

Econpile good anytime 3.0.0

heaven123

1,900 posts

Posted by heaven123 > 2017-04-16 01:25 | Report Abuse

Very happy happy

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-16 05:02 | Report Abuse

@Caitlyn : yes i have a lot of GKENT shares and am slowly selling it now to realize my profits

skyjet

541 posts

Posted by skyjet > 2017-04-16 22:29 | Report Abuse

Buy on Oct, Sell on May, May is coming soon. Better sell first since market sentiment not good now.

http://klse.i3investor.com/blogs/Backtesting/85101.jsp
每年的5 -6月都在股市浮沉。结论是,这几个月股市真的很安静。成交量低,这几年都是下跌趋势。

heaven123

1,900 posts

Posted by heaven123 > 2017-04-17 21:36 | Report Abuse

For econpile must hold till fly like rocket.

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-20 10:29 | Report Abuse

Econpile should go for share split and bonus.

Posted by geniousboy > 2017-04-20 10:49 | Report Abuse

will share split benefit current share holder?

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-20 10:59 | Report Abuse

With lower price, it will appeal to more buyers, given it's positive fundamental. I may even add more..haha

zexon

330 posts

Posted by zexon > 2017-04-20 11:11 | Report Abuse

Rise of steel price has little impact on earning, I believe current price is fully reflects value.

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-20 14:15 | Report Abuse

Malaysia's steel prices rose since early 2016, that didn't put a dent on Econpile's performance.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-21 06:43 | Report Abuse

The coming results for Econpile is expected to be Very good with higher dividends to be paid.

heaven123

1,900 posts

Posted by heaven123 > 2017-04-21 13:28 | Report Abuse

Long enough stay at this level. Time to break ?

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-23 23:58 | Report Abuse

Be patients, it will come.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-25 16:41 | Report Abuse

up up up today 2.26

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-26 09:28 | Report Abuse

Will gradually move to break 2.30 then uptrend as usual.

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-27 17:58 | Report Abuse

Mr. The Cheng Eng selling shares to Institutional Investor. Wonder who is this party.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5410501

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-27 18:08 | Report Abuse

its EPF

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-27 20:22 | Report Abuse

Noted. Thanks!

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-27 22:27 | Report Abuse

I thought u had sold ECONPILE already as u had been missing from this forum since December 2016?

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-28 10:13 | Report Abuse

Sold half in end of 2016, diverted into Dnex.

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-28 10:54 | Report Abuse

Buying interest increased with little to no seller, not much free float, only way is to collect upwards.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-28 13:41 | Report Abuse

Today at multi year hig again. Happy happyhappy.

heaven123

1,900 posts

Posted by heaven123 > 2017-04-29 18:10 | Report Abuse

Stay put carpet fly.... HUAT AH

heaven123

1,900 posts

Posted by heaven123 > 2017-04-29 18:11 | Report Abuse

3.00

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-29 18:17 | Report Abuse

u go test water and buy 50,000 units and above see can fly or not??? haha

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-04-29 19:09 | Report Abuse

Malaysia's construction index reaches new high.
https://markets.ft.com/data/indices/tearsheet/summary?s=KCON:KLS

optimus9199

2,794 posts

Posted by optimus9199 > 2017-04-30 08:10 | Report Abuse

Hope to reach RM 3.00 by December 2017.

heaven123

1,900 posts

Posted by heaven123 > 2017-04-30 16:06 | Report Abuse

GREAT COMPANY L0W PRICE.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-30 16:14 | Report Abuse

low price? I bought 65cts sold at 80cts only a few days after listed now already 2.34 already up more than 400% since IPO, profit only up a bit not even 100% but price already up so much, better beware

suregain

1,611 posts

Posted by suregain > 2017-04-30 16:30 | Report Abuse

Exteremely over price counter.. Just waiting when it cannot deliver result, then share px wil drop drasticaly.. C who bought d highest

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-30 16:35 | Report Abuse

those who can hold stocks for long period surely at this price they won't buy

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-04-30 16:40 | Report Abuse

comparing to ptaras a more establish company,ptaras is rather cheaper than econpile, maybe now a bullish market, but if commodities price down and msia postpone some major contracts, the 1st one to die is econpile

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-01 07:10 | Report Abuse

Apollo Ang / sure gain, your statements above showed that you have little knowledge about Econpile.

Let me tell you more about this stock.
Econpile had been established for more than 30 years under the flagship of Mr The Cheng Eng and his partner Mr Raymond Pang, They have enourmous experiences in piling industry.

It was listed in Aug 2014 at IPO 65sen. At that time, the company had not been receiving many big projects yet. As now, Econpile has projects worth RM 1.6 billion, contributed primarily from piling businesses which it had obtained, the biggest is from the Damansara Pavillion RM 570mil.

Econpile has also began to draw attention of institutional investors eg EPF and KWAP, this is very important for the company : It means that government funds are having trusts and believe that Econpile will grow further and deliver better earnings for their investments. Pls note that these funds had began to flow into Econpile as early as Jan 2017 with initial cost of RM 1.90. The latest purchase of shares by EPF and KWAP via share purchase directly from Mr The and Mr Raymond was last week at RM 2.16.

Econpile has a profit margin of costs of between 15 -17% pre tax profits on all its projects it tendered.Of course, at times, higher raw products will eat up their margins, but they have supplies by their long term suppliers at prices which are reasoNable for long term. Materials prices fluctuation due to rise of cost of prodcutions are general risks for construction industries.
These info i garnered from the directors during the last AGM 2016.

Econpile at RM 2.34, PE ratio = 17.2X is slightly over price but it is in tandem with overall PE ratio of constructions index at PE 16 - 20X. It is a net cash company of 18sen per share. ROE - 27%
The highere PE ratio of Econpile shows :

- increased confidence of investors that it will generate better revenue and net profit this May 2017 results

- anticipated bigger projects to be awarded to the company. This is in addition to the continued presence of share purchases by EPF and KWAP lately, which means that they already have an upper hand knowledge of the happenenings in Econpile prior.


I would not comment of much on Ikhmas Jaya and Pintaras Jaya , but from what I can garner, these two companies are not as good as Econpile due to these reasons :

- fail to garner major contracts award and replenish their book orders regularly
- possible poor management skills
- institutional investors Tabung Haji consistently selling on Ikhmas and Pintaras shares, possible of bad quarterly results coming?

Cheaper Pintaras? I think you are totally wrong. Its PE 18X, ROE 9.8%. Although its Dividend yield is attractive at 5.2% with its larger cash pile held. I would like to challenge APollo Ang to define what is cheaper here?

These are some of the projects awarded to Econpile :

- MRT 2 diaphragm wall for the KVMRT project ( Awarded March 29th 2017 , RM 93mil, 450 Days)
- Damansara Pavillion project ( Awarded Feb 22nd 2017, RM 570mil, 28 months )
- SUKE Project ( Awarded Dec 28th 2016, RM 158.3mil, 17months)
- MRT 2 Viaduct Project ( Awarded Oct 21st 2016, RM 43.5mil, 24 months)
- Maju Project ( Awarded Oct 4th 2016, RM 280mil, 15months )
- 99, Jalan Ampang ( Awarded June 6th 2016, RM 208mil, 26 months)
- Prestij Permai Sg Buloh Project ( Awarded Apr 8th 2016, RM 53.5mil, 20 months)
- EcoMeridian Project, Penang ( Awarded March 31st 2016, RM 51.63mil, 14.5 months)
-EKVE from Ahmad Zaki ( Awarded March 3rd 2016, RM 76.9mil, 24 months)
- Mixed commercial lot from Ahmad Zaki ( Awarded Dec 31st 2015, RM 20.3mil, 8 months ---> COMPLETED JULY 2016)
- Nusmetro Persiaran Dutamas ( Awarded 24th Nov 2015, RM 95.5mil, 19 months ---> DUE TO BE COMPLETED JUNE 2017)
-WZR Properties ( Awarded on 1st Nov 2015, RM 120.5mil, 18 months, ---> TO BE COMPLETED MAY 2017)
- AZRB Jalan Sultan Ismail ( Awarded 6th June 2015, RM 49.9 mil.....COMPLETED SEPT 2016)
-Jalan Conlay ( Awarded Jan 2015, RM 128.9 Mil....COMPLETED DEC 2016)
- and a few more smaller projects worth between RM 23mil to RM 128mil , which were awarded in between June 2014 - Dec 2014th, all of them which already being completed by now.

The projects can sustain the earnings of Econpile for 2- 2.5 years ( 2019 - 2020).

I hope the above explain the real scenario of Econpile. Thank you

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-01 07:16 | Report Abuse

This statement by Apollo Ang draws me alot of laugter : It simply showed that you did not follow Econpile share price movements and the quarterly results. FYI, FY 2016 net revenue and profits are RM 462mil and RM 65.98mil ( FY 2015 : rm 428.98mil and RM 46.6mil)

--->Apollo Ang low price? I bought 65cts sold at 80cts only a few days after listed now already 2.34 already up more than 400% since IPO, profit only up a bit not even 100% but price already up so much, better beware
30/04/2017 16:14

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-01 07:22 | Report Abuse

Another statement that draws laughter to me by Apollo Ang, it showed he is jealous on the growht of Econpile of which Pintaras not even move during this period of Construction index share surge. :

---->Apollo Ang comparing to ptaras a more establish company,ptaras is rather cheaper than econpile, maybe now a bullish market, but if commodities price down and msia postpone some major contracts, the 1st one to die is econpile
30/04/2017 16:40


Postponement of major contracts are risks that involve all construction stocks in Malaysia, which is unpreventable...Even Gamuda, IJM, Sunway will be grossly affected to. But i doubt Malaysian governemnet will ever postpone those major projects as it has the funds and need to spur the economy for growth in constructions.

You as a stock dealer should know what is happening to Pintaras Jaya which is having a family feud currently Stop making childish statements without prior reading and investigations

suregain

1,611 posts

Posted by suregain > 2017-05-01 08:06 | Report Abuse

I just watch who bought d highest.. Nothing wil scale peak without stop

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-01 08:29 | Report Abuse

If the company is making better growth, revenue, net profit and EPS, I am sure it will be much being sought of.

I think Econpile does not need you to be present.

By the way, pls improve your English... It is very horrible.

Posted by suregain > May 1, 2017 08:06 AM | Report Abuse

I just watch who bought d highest.. Nothing wil scale peak without stop

Cockcroach

624 posts

Posted by Cockcroach > 2017-05-01 08:31 | Report Abuse

Though econpile price has gone up a lot, its reputation as a reliable contractor will allow it to continuos win projects over other public companies whose price are considered cheap

suregain

1,611 posts

Posted by suregain > 2017-05-01 10:13 | Report Abuse

U think ur english so perfect?! Like shit oso

suregain

1,611 posts

Posted by suregain > 2017-05-01 10:16 | Report Abuse

So u mean econpile wil go up to 3, then 4, thrn 5 then 8 then 10? Then 100, then 200, until infinity?

suregain

1,611 posts

Posted by suregain > 2017-05-01 10:20 | Report Abuse

@apolo, this lansi optimus said econpile wil up until infinity wo.. He oso said our judgement is baseless wo... He is the god of saham wo...

Nigel Low

1,463 posts

Posted by Nigel Low > 2017-05-01 16:41 | Report Abuse

Beings with hidden agenda, dumping heaps of negativity hoping to buy cheap. No need to waste time on them.

batman11

267 posts

Posted by batman11 > 2017-05-02 05:35 | Report Abuse

The fun is we who hold Econpile is happy with its current stock price performance. The idiots who try to swear Econpile made us laugh. If you think Ptaras is better, promote it to people around you. I guess they will be convinced by you (if not a laughter) and will buy Ptaras price up.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-02 07:20 | Report Abuse

No point debating on low class people who has no insights and facts, Simply talking rubbish.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-05-02 07:30 | Report Abuse

I am waiting for the broker / remisier Apollo Ang to respond to me..apparently he had coward off and being busy body in other forums, pretending and ignore the questions that I pose to him here.

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