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

971,400


14 people like this.

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

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-05 21:56 | Report Abuse

Someone crazy sold down the price at last minit

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-06 16:54 | Report Abuse

Today up up 3.00

jenson68

1,317 posts

Posted by jenson68 > 2017-09-06 16:56 | Report Abuse

It's a good buy while price below 3.00...

Posted by cygnus09 > 2017-09-06 18:12 | Report Abuse

thank god 3.00

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-06 19:04 | Report Abuse

wow share split, bonus and free warrants! huat ahhh!!!!!!

heaven123

1,900 posts

Posted by heaven123 > 2017-09-06 19:24 | Report Abuse

Cerita sedikit bro optimus9199.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-06 19:27 | Report Abuse

Share split 1:2 then bonus 1:4 ( after share split) ....then free warrants 1:4 (after the share split)

heaven123

1,900 posts

Posted by heaven123 > 2017-09-06 19:50 | Report Abuse

Thank You for the updates.
Tomorrow sure fly like eagle.
Together HUAT yeah.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-06 20:37 | Report Abuse

The sky is the limit!

Posted by raymond_tn > 2017-09-06 21:28 | Report Abuse

Hi, i am new in this. can i ask what is the limit of this share can go before go down?
Trying to be safe. Thanks

calvinteo

330 posts

Posted by calvinteo > 2017-09-06 23:22 | Report Abuse

Vroom.....
Vroom.....
Vroom.....

heaven123

1,900 posts

Posted by heaven123 > 2017-09-06 23:43 | Report Abuse

Hold till bonus date.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 06:38 | Report Abuse

Buy as much asas possible.

flash777

618 posts

Posted by flash777 > 2017-09-07 08:15 | Report Abuse

Not too late to admit mistake! Dump all ikhmas shares and switch to econbhd!

jenson68

1,317 posts

Posted by jenson68 > 2017-09-07 08:36 | Report Abuse

Future superstar in pilling & foundation segment !
Gogogo

godhand

1,944 posts

Posted by godhand > 2017-09-07 09:34 | Report Abuse

what do u mean future superstar. it has always been a superstar even before listing,

pputeh

698 posts

Posted by pputeh > 2017-09-07 10:20 | Report Abuse

well said godhand, this diamond is now being polished and the shine is yet to glow

godhand

1,944 posts

Posted by godhand > 2017-09-07 10:24 | Report Abuse

u drive around KL. how many % is econpile project

godhand

1,944 posts

Posted by godhand > 2017-09-07 10:25 | Report Abuse

i almost double ler. my price 1.85

lhoong

337 posts

Posted by lhoong > 2017-09-07 10:53 | Report Abuse

strong uptrend

heaven123

1,900 posts

Posted by heaven123 > 2017-09-07 11:43 | Report Abuse

Ppl start throwing price go down from 3.21 to 3.13.
Pengsan already.

WavesRider

161 posts

Posted by WavesRider > 2017-09-07 12:24 | Report Abuse

T+0 bought 3.13 sold 3.19. thank you ECONBHD

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 12:25 | Report Abuse

The warrants is worth 29sen per share.

apolloang

18,163 posts

Posted by apolloang > 2017-09-07 12:27 | Report Abuse

yesterday insider know the news 1 hour before closing up already just now all are selling. insider trading already happened to many counters,yet bursa butakah?

heaven123

1,900 posts

Posted by heaven123 > 2017-09-07 13:12 | Report Abuse

Assume the bonus share fixed @ 3.00.
After bonus the share worth 1.50 - 1.60.
Upward limited if closing price for today below 3.16.
If warrant worth 29 sen as optimus9199 prediction. Continue to buy is hard cos bonus shares don't entitle for warrant.

heaven123

1,900 posts

Posted by heaven123 > 2017-09-07 13:14 | Report Abuse

Unless warrant worth 68 sen still can consider.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 13:21 | Report Abuse

Assume prior to ex price is rm3.00, the theoretical price after ex rm 1.20.

The conversion price for warrants rm1.19

Posted by Teh Kieat Keoi > 2017-09-07 14:48 | Report Abuse

Apolloang, bursa not care this insider trading.

heaven123

1,900 posts

Posted by heaven123 > 2017-09-07 14:58 | Report Abuse

Noted brother Optimus9199.
In your opinion can we still continue to buy some?

pysy82

49 posts

Posted by pysy82 > 2017-09-07 15:30 | Report Abuse

is it a gem stock?

apolloang

18,163 posts

Posted by apolloang > 2017-09-07 15:53 | Report Abuse

bro teh,bursa no care cos the insiders is their people is it?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 16:43 | Report Abuse

can still buy Econpile as it has growth potentials

WavesRider

161 posts

Posted by WavesRider > 2017-09-07 16:59 | Report Abuse

on board 3.08

Posted by Teh Kieat Keoi > 2017-09-07 17:34 | Report Abuse

apolloang, bursa don't care the small money insider trading, unless insider trading is 10 million or 100 million, then they will take action. Here is not US America.

apolloang

18,163 posts

Posted by apolloang > 2017-09-07 17:55 | Report Abuse

here all can corrupt? hahaha

Posted by Teh Kieat Keoi > 2017-09-07 18:32 | Report Abuse

Because US law is more strict than Malaysia. You see the money game, then you know the pattern liao.

lordng94

158 posts

Posted by lordng94 > 2017-09-07 18:42 | Report Abuse

azrb won BBCC phase 2

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 21:39 | Report Abuse

Eventually the works will be sub con to Econpile too becoz AZRB does not have the speciality to do undertake the project and AZRB and Econpile are good friends

Posted by Second Coming > 2017-09-07 21:39 | Report Abuse

YEAY! More jobs for Econpile?

Thursday, 7 September 2017 | MYT 7:00 PM
Ahmad Zaki wins RM222mil job for Bukit Bintang City Centre

Read more at http://www.thestar.com.my/business/business-news/2017/09/07/ahmad-zaki-wins-rm222mil-job-for-bukit-bintang-city-centre/#t0UVwqKIuzuDdM41.99

zexon

330 posts

Posted by zexon > 2017-09-07 21:45 | Report Abuse

Agree to optimus9199, eventually pintaras and ikhmas jaya will sub-con their projects to Econpile. Haha

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 22:33 | Report Abuse

Among the major awards are :
- Jalan Conlay sub structure work RM 48.5mil ( awarded on May 19th 2017 duration 15 months)
- 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)

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 22:40 | Report Abuse

The above are the projects that was awarded to Econpile. Do u see the corrrelation btw AZRB and Econpile?

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-07 23:24 | Report Abuse

Maybank IB Retail Research



Econpile proposed to undertake a 1-into-2 share split. Pursuant to this, it also proposed to undertake a 1-for-4 bonus share issue and a 1-for-4 bonus warrant issue. These exercises, which will be implemented concurrently, are expected to be completed by 2H of 2017.



Based on yesterday’s closing price of MYR3.00, the ex-all price is MYR1.20. Meanwhile, the 5-year warrants, which has an indicative exercise price of MYR1.19 (subject to further price-fixing), is worth MYR0.28, based on the ex-all price of MYR1.20/sh.



The whole exercise aims at improving the trading liquidity of Econpile shares and to reward its shareholders. For the group, assuming full exercise of the warrants at the indicative exercise price of MYR1.19, it could potentially raise up to MYR318.3m for working capital. Having said so, its share base would expand by up to 3x upon completion of these exercises.



Econpile is set to ride on the robust construction outlook. Its order book stood at MYR1.2b which is equivalent to 2.1x FY6/17 revenue, underpinned by some of its on-going projects like 1) MYR48.5m piling works at Jalan Conlay Kuala Lumpur; 2) MYR92.5m sub-contract work for the KVMRT2 project; and 3) MYR570.4m foundation and basement structure works for Pavilion Damansara Heights, among others.



The group is also tendering for about MYR2b worth of jobs, consisting mainly large-scale mixed developments and infrastructure projects in railway and roadway such as LRT3 and KVMRT2. Although the group is currently running at tight capacity, some of the projects are nearing completion, and this will free up some capacity to undertake more projects.



The street is forecasting a 16.5% 2-year EPS CAGR for FY6/17-19. Brokers are positively biased on the stock with two Buys and two Holds, with a mean target price of MYR2.95. Although the TP is below the last traded price, the free warrant which is worth MYR0.28 apiece could help to re-rate share price.



Nevertheless, valuation is on the high side, with the stock trading at 16.2x consensus FY6/18 EPS of 18.5sen, higher than its 3-year historical average PER of 13.5x.

Posted by Stockwatch Kim > 2017-09-08 00:58 | Report Abuse

https://klse.i3investor.com/blogs/kimstockwatchfajar/130675.jsp

Done 3rd TP's. Time to rest a while. Good Luck!

WavesRider

161 posts

Posted by WavesRider > 2017-09-08 09:52 | Report Abuse

T+1 bought 3.08 sold 3.14. thank you ECONBHD

apolloang

18,163 posts

Posted by apolloang > 2017-09-08 09:56 | Report Abuse

like this how to become a millionaire? hahaha

ESPESP

298 posts

Posted by ESPESP > 2017-09-08 10:04 | Report Abuse

econbhd seems like new big project upcoming

heaven123

1,900 posts

Posted by heaven123 > 2017-09-08 10:57 | Report Abuse

Remained flat till ex-day.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-08 13:11 | Report Abuse

Are u attending AGM this November ,heaven bro?

heaven123

1,900 posts

Posted by heaven123 > 2017-09-08 13:33 | Report Abuse

Get back to u later.

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